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Investments in securities are subject to market and other risks and there is no assurance or guarantee that the intended investment objectives will be achieved. A security’s investment return and an investor’s principal value will fluctuate so that, when redeemed, an investor’s shares may be worth more or less than their original cost. A security’s current investment performance may be lower or higher than the investment performance noted within the report.  Investments in securities involve risk and may not always be profitable. Indexes noted within the report are unmanaged, their returns do not include payment of any sales charges or fees an investor would pay to purchase securities, and cannot be invested in directly. Past performance is no guarantee of future results.