Other management and transaction fees may apply. In addition to your stock, ETF or option commission sell orders may also be subject to a transaction fee (of between $0.01 to $0.03 per $1,000 of principal). If applicable, this fee appears under "Transaction Fee" on a Trade Confirmation. There are other fees associated with investing in ETFs, Read the "Expenses & Charges" sections of the prospectus to find out what they are. Contact us to obtain a prospectus. 2
Asset allocation and diversification do not ensure a profit or protect against loss in declining markets. The information herein was obtained from multiple sources, we do not guarantee its accuracy or completeness.
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 us.
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.
Definitions for investment terms are available in the Glossary
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. Before investing consider carefully the investment objectives, risks, and charges and expenses of the fund, including management fees, other expenses and special risks. This and other information may be found in each fund's prospectus or summary prospectus, if available. Always read the prospectus or summary prospectus carefully before you invest or send money. Prospectuses can be obtained by contacting us. Morningstar Rating™
- For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure as of the date indicated that accounts for variation in a fund's monthly performance including the effects of sales charges, loads (except for load-waived A shares), and redemption fees, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with it three-, five and ten-year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. Morningstar Rating™ is for individual share classes only. Other classes may have different performance characteristics.
© Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. Lipper ratings for Total Return
reflect funds' historical total return performance relative to peers. Lipper ratings
are subject to change every month and are based on an equal-weighted average of percentile ranks for the Total Return, Consistent Return, Preservation, Tax Efficiency, and Expense metrics over three, five, ten year and overall periods (if applicable). The highest 20% of funds in each peer group are named Lipper Leader or a score of 5, the next 20% receive a score of 4, the middle 20% are scored 3, the next 20% are scored 2, and the lowest 20% are scored 1. Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. More information is available at www.lipperleaders.com. Copyright 2014 © Thomson Reuters. All rights reserved.
Any pricing and other information relating to a security or securities is provided on a delayed basis, not on a real-time basis.