Investment risk
INVESTMENT RISKS TO CONSIDER: Investment in the Fund entails certain risks.
Investment returns and principal value of the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Some of the principal risks of investing in the Fund include emerging-markets risk, liquidity risk, focused portfolio risk, portfolio turnover risk, derivatives risk, OTC derivatives risk, structured investments risk, fixed-income securities risk, lower-rated and unrated instruments risk, sovereign debt obligations risk and corporate debt obligations risk. These and other risks are described in the Fund’s prospectus.