Market Risk. The prices of securities held by the fund may decline in response to market risks. Growth Investing Risk. The fund invests in "growth stocks," which may be more volatile than other investment styles because growth stocks are more sensitive to investor perceptions of an issuing company?s growth potential. Foreign Risk. The risks of investing in securities of foreign issuers, including emerging market issuers, can include fluctuations in foreign currencies, foreign currency exchange controls, political and economic instability, differences in securities regulation and trading, and foreign taxation issues. Derivatives Risk. The fund may use enhanced investment techniques such as derivatives. The principal risk of derivatives is that the fluctuations in their values may not correlate perfectly with the overall securities markets. Derivatives are subject to counterparty risk—the risk that the other party will not complete the transaction with the fund.
