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Global Agriculture Portfolio |
Cohen & Steers Global Infrastructure Strategy |
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Product Guide
Global Agriculture: Shifting to a long-term bull market?
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There is no assurance the trust will achieve its
investment objective. An investment in this unit investment trust is subject
to market risk, which is the possibility that the market values of
securities owned by the trust will decline and that the value of trust units
may therefore be less than what you paid for them. AGRI is unmanaged and its
portfolio is not intended to change during the trust's life except in
limited circumstances. Accordingly, you can lose money investing in AGRI.
Cohen & Steers Global Infrastructure Strategy (CSGI) is
concentrated in the utility industry. Because this trust invests
significantly in the utility industry, it may be highly susceptible to any
economic, political, or regulatory occurrences affecting this industry.
Cohen & Steers Global Infrastructure Strategy (CSGI) is
also concentrated in the industrials sector. General risks of industrials
companies include the general state of the economy, intense competition,
consolidation, domestic and international politics, excess capacity and
consumer spending trends.
Cohen & Steers Global Infrastructure Strategy (CSGI) is
also concentrated in the energy sector. There are certain risks specific to
the energy sector, including the potential adverse effect of state and
federal regulation and increasing costs of natural resources.
Stocks of small companies are often more volatile than
those of larger companies as a result of several factors such as limited
trading volumes, products or financial resources, management inexperience
and less publicly available information.
Common stocks do not assure dividend payments.
Dividends are paid only when declared by an issuer's board of directors and
the amount of any dividend may vary over time.
Investing in foreign securities involves certain risks
not typically associated with investing solely in the United States. This
may magnify volatility due to changes in foreign exchange rates, the
political and economic uncertainties in foreign countries, U.S. or foreign
tax treatment, and the potential lack of liquidity, government supervision
and regulation.
The portfolio invests in securities of companies in the
agribusiness industry. Companies involved in the agribusiness industry are
subject to numerous risks, including cyclicality of revenues and earnings,
economic recession, currency fluctuations, changing consumer tastes,
extensive competition, weather conditions, quotas, product liability
litigation and governmental regulation and subsidies. Generally, the
agribusiness industry is affected by the economic health of consumers. A
weak economy and its effect on consumer spending would adversely affect
agribusiness companies.
Global Agriculture Portfolio (AGRI) is also
concentrated in the basic materials sector. Basic materials companies are
subject to price and supply fluctuations, excess capacity, economic
recession, domestic and international politics, government regulations,
volatile interest rates, consumer spending trends and overall capital
spending levels.
Global Agriculture Portfolio (AGRI) is also
concentrated in the consumer products industry. Companies that manufacture
and distribute consumer products face risks such as intense competition, the
lack of serious barriers to entry for on-line entrants, economic recession
and a slowdown in consumer spending trends.
"S-Network Global Indexes, LLCSM",
"S-Network Agriculture IndexSM" are service marks of S-Network
Global Indexes, LLC and have been licensed for use by the portfolio. The
portfolio is not sponsored, endorsed, sold or promoted by S-Network Global
Indexes, LLC and S-Network Global Indexes, LLC makes no representation
regarding the advisability of investing in the portfolio.
The portfolio is not sponsored, endorsed, sold or
promoted by S-Network Global Indexes, LLC, ("SNGI"). SNGI makes no
representation or warranty, express or implied, to the owners of the
portfolio or any member of the public regarding the advisability of
investing in securities generally or in the portfolio particularly or the
ability of the S-Network Agriculture Index to track the performance of the
agricultural market. SNGI's only relationship to the portfolio is the
licensing of certain service marks and trade names of SNGI and of the
S-Network Agriculture Index that is determined, composed and calculated by
SNGI without regard to the portfolio. SNGI has no obligation to take the
needs of the portfolio or the owners of the portfolio into consideration in
determining, composing or calculating the S-Network Agriculture Index. SNGI
is not responsible for and has not participated in the determination of the
timing of, prices at, or quantities of the portfolio to be issued or in the
determination or calculation of the equation by which the portfolio is to be
converted into cash. SNGI has no obligation or liability in connection with
the administration, marketing or trading of the portfolio.
SNGI DOES NOT GUARANTEE THE ACCURACY AND/OR THE
COMPLETENESS OF THE S-NETWORK AGRICULTURE INDEX OR ANY DATA INCLUDED THEREIN
AND SNGI SHALL HAVE NO LIABILITY FOR ANY ERRORS, OMISSIONS, OR INTERRUPTIONS
THEREIN. SNGI MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS TO RESULTS TO BE
OBTAINED BY PORTFOLIO, OWNERS OF THE PORTFOLIO, OR ANY OTHER PERSON OR
ENTITY FROM THE USE OF THE S-NETWORK AGRICULTURE INDEX OR ANY DATA INCLUDED
THEREIN. SNGI MAKES NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY
DISCLAIMS ALL WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR
PURPOSE OR USE WITH RESPECT TO THE S-NETWORK AGRICULTURE INDEX OR ANY DATA
INCLUDED THEREIN. WITHOUT LIMITING ANY OF THE FOREGOING, IN NO EVENT SHALL
SNGI HAVE ANY LIABILITY FOR ANY SPECIAL, PUNITIVE, INDIRECT, OR
CONSEQUENTIAL DAMAGES (INCLUDING LOST PROFITS), EVEN IF NOTIFIED OF THE
POSSIBILITY OF SUCH DAMAGES.
The portfolio is not sponsored, endorsed, sold or
promoted by Standard & Poor's, a division of The McGraw-Hill Companies, Inc.
("S&P") or its third party licensors. Neither S&P nor its third party
licensors make any representation or warranty, express or implied, to the
owners of the portfolio or any member of the public regarding the
advisability of investing in securities generally or in the portfolio
particularly or the ability of the S-Network Agriculture Index to track
general stock market performance. S&P's and its third party licensor's only
relationship to S-Network Global Indexes, LLC is the licensing of certain
trademarks, service marks and trade names of S&P and/or its third party
licensors and for the providing of calculation and maintenance services
related to the S-Network Agriculture Index. Neither S&P nor its third party
licensors is responsible for and has not participated in the determination
of the prices and amount of the portfolio or the timing of the issuance or
sale of the portfolio or in the determination or calculation of the equation
by which the portfolio is to be converted into cash. S&P has no obligation
or liability in connection with the administration, marketing or trading of
the portfolio.
NEITHER S&P, ITS AFFILIATES NOR THEIR THIRD PARTY
LICENSORS GUARANTEE THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF
THE S-NETWORK AGRICULTURE INDEX OR ANY DATA INCLUDED THEREIN OR ANY
COMMUNICATIONS, INCLUDING BUT NOT LIMITED TO, ORAL OR WRITTEN COMMUNICATIONS
(INCLUDING ELECTRONIC COMMUNICATIONS) WITH RESPECT THERETO. S&P, ITS
AFFILIATES AND THEIR THIRD PARTY LICENSORS SHALL NOT BE SUBJECT TO ANY
DAMAGES OR LIABILITY FOR ANY ERRORS, OMISSIONS OR DELAYS THEREIN. S&P MAKES
NO EXPRESS OR IMPLIED WARRANTIES, AND EXPRESSLY DISCLAIMS ALL WARRANTIES OF
MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE WITH RESPECT TO
ITS TRADEMARKS, THE INDEX OR ANY DATA INCLUDED THEREIN. WITHOUT LIMITING ANY
OF THE FOREGOING, IN NO EVENT WHATSOEVER SHALL S&P, ITS AFFILIATES OR THEIR
THIRD PARTY LICENSORS BE LIABLE FOR ANY INDIRECT, SPECIAL, INCIDENTAL,
PUNITIVE OR CONSEQUENTIAL DAMAGES, INCLUDING BUT NOT LIMITED TO, LOSS OF
PROFITS, TRADING LOSSES, LOST TIME OR GOODWILL, EVEN IF THEY HAVE BEEN
ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, WHETHER IN CONTRACT, TORT,
STRICT LIABILITY OR OTHERWISE.
Standard & Poor's® and S&P® are registered trademarks
of The McGraw-Hill Companies, Inc.; "Calculated by S&P Custom Indices" and
its related stylized mark are service marks of The McGraw-Hill Companies,
Inc. These marks have been licensed for use by "S-Network Global Indexes,
LLC." |