The performance data contained herein represents past performance which does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. For performance information current to the most recent month end, please contact Merrill Lynch.
The information herein was obtained from multiple sources: we do not guarantee its accuracy or completeness. For additional information, ask your Financial Advisor or Merrill Edge representative for a Fund prospectus or refer to fund prospectuses on this web site. Before investing consider carefully the investment objectives, risks, and charges and expenses of the fund. This and other information may be found in each fund's prospectus. Always read the prospectus carefully before you invest or send money.
Merrill Lynch, Pierce, Fenner & Smith Incorporated offers its products, accounts and services through different service models (for example, self-directed, full-service). Based on the service model, the same or similar products, accounts and services may vary in their price or fees charged to a client.
Merrill Edge Select Funds, while not intended as a recommendation or endorsement of any particular fund, allows you to review funds by a Morningstar category that meets a Merrill Lynch screening standard to help you identify investments that are in line with your personal needs and investment objectives.
*Life of Fund (LOF) returns are provided for funds with less than 10 years of history and are as of the fund's inception date. Inception dates can be found in the Fund Profile (fund symbol). Life of Fund (LOF) returns for funds with more than 10 years of history are provided if the 10-year performance history is not available.
Investments in high-yield bonds (sometimes referred to as "junk bonds") offer the potential for high current income and attractive total return, but involve certain risks. Changes in economic conditions or other circumstances may adversely affect a junk bond issuer's ability to make principal and interest payments.
Stocks of small-cap companies pose special risks, including possible illiquidity and greater price volatility than stocks of larger, more established companies.
Note on Bond Funds: Return of principal is not guaranteed. Bond funds have the same interest rate, inflation and credit risks that are associated with the underlying bonds owned by the fund. Generally, the value of bond funds rises when prevailing interest rates fall and falls when interest rates rise. There are ongoing fees and expenses associated with owning shares of bond funds.
International Investing: International investing presents certain risks not associated with investing solely in the U.S. These include, for instance, risks related to fluctuations in value of the U.S. dollar relative to the value of other currencies, custody arrangements made for a fund's foreign holdings, political and economic risk, differences in accounting procedures, and the lesser degree of public information required to be provided by non-U.S. companies. Foreign securities may also be less liquid, more volatile and harder to value, and may be subject to additional risks relating to U.S. and foreign laws relating to foreign investment. These risks are heightened when the issuer of the securities is in a country with an emerging capital market.
Income from investing in municipal bonds is generally exempt from Federal and state taxes for residents of the issuing state. While the interest income is tax-exempt, any capital gains distributed are taxable to the investor. Income for some investors may be subject to the Federal Alternative Minimum Tax (AMT).
The investments or strategies presented do not take into account the investment objectives or financial needs of particular investors. It is important that you consider this information in the context of your personal risk tolerance, investment time horizon, liquidity needs and investment goals. Neither the information nor any opinion expressed constitutes a specific recommendation or a solicitation by us to buy/sell any securities or commodities.
All total returns assume the reinvestment of all dividend and capital gain distributions at net asset value when paid. All total returns without sales charge do not reflect the deduction of the current maximum sales charge or the applicable contingent deferred sales charge or any applicable redemption fee. Had those charges been deducted the results may have been different than noted.
Investing involves risk. Investment funds are subject to market volatility and the risks of their underlying securities. In addition, each fund has its own specific risk profile and investment strategies detailed in its prospectus or other offering material (which for certain ETFs includes the risk of leverage and/or inverse exposure to an underlying basket of securities), which must be considered carefully before making an investment decision.
For more complete information on any fund, please request a prospectus and/or, if available, a summary prospectus from an Investment Center representative, or visit EDGAR on the SEC Website at www.sec.gov or for mutual funds you can refer to the fund prospectus on this web site and read it carefully. Before investing, carefully consider the investment objectives, risks, and charges and expenses of the fund. This and other information can be found in the fund’s prospectus and/or, if available, summary prospectus.
Morningstar RatingTM - Often simply called the Star Rating, the Morningstar Rating brings load - adjustments, performance (returns) and risk together into one evaluation. To determine a fund's star rating for a given time period (three, five, or 10 years), the fund's risk-adjusted return is plotted on a bell curve: If the fund scores in the top 10% of its category, it receives 5 stars (Highest); if it falls in the next 22.5% it receives 4 stars (Above Average); a place in the middle 35% earns 3 stars (Average); those lower still, in the next 22.5%, receive 2 stars (Below Average); and the bottom 10% get only 1 star (Lowest). The Overall Morningstar Rating is a weighted average of the available three-, five-, and 10-year ratings.