Benefits & Risks

• The fund pursues long-term growth of capital by seeking to invest significantly in China. Focusing on Chinese companies provides the fund with the opportunity to seek superior growth in the areas the fund views as most promising, but with higher risks than more geographically diverse funds.
• All investments are subject to market risk, including the possible loss of principal.
• Investing in China: The Chinese government has historically exercised significant control over China’s economy and its financial markets through, among other things, its monetary policies and allocation of resources, management of currency exchange rates, preferential treatment or restrictions relating to industries deemed sensitive to national interests, and limitations on foreign ownership of Chinese securities.
• Emerging markets: Investments in emerging market countries are subject to greater risk and overall volatility than investments in the U.S. and other developed markets.
• International investing: Non-U.S. securities tend to be more volatile and have lower overall liquidity than investments in U.S. securities and may lose value because of adverse local, political, social, or economic developments overseas, or due to changes in the exchange rates between foreign currencies and the U.S. dollar.
• Small- and mid-cap stocks: Investments in securities issued by small-cap and mid-cap companies are likely to be more volatile than investments in securities issued by larger companies.
• See the prospectus for more detail on the fund's principal risks.