Returns data provided by Lipper. Top mutual fund performers based on returns data for the time period specified. Data is updated quarterly. 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.
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 would have been lower than shown.
All total returns with sales charges assume the deduction of the current maximum sales charge or payment of the applicable contingent deferred sales charge but do not include any applicable redemption fee. During prior years, certain classes of shares may have been offered at a higher maximum sales charge. Therefore, the average annual returns may have been somewhat lower than noted.
Definitions for investment terms are available in the Glossary
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.
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 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.
While no-load funds do not assess sales charges, fund shares are subject to management fees and certain other expenses. Redemption fees may also apply.
Not all classes of shares may be available to every investor or to every account in that investor's name. Furthermore, those classes of shares that you would be eligible to purchase may be subject to ongoing account maintenance and/or distribution fees, which will affect the performance of such shares. Certain limitations may apply. Merrill Lynch receives remuneration from participating fund companies.
In addition to receiving dealer concessions and asset-based sales charges and/or services fees in connection with clients' purchasing and holding mutual fund shares, Merrill Lynch and its affiliates provide other services for which they may receive additional compensation from funds or their affiliates. This compensation is generally disclosed in a fund's prospectus, and if available, the summary prospectus, statement of additional information or website. For specific mutual fund family compensation information, please contact 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
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For more information about investing in mutual funds at Merrill Lynch and Merrill Edge, please read the Guide to Mutual Fund Investing, which is available here
Mutual Funds are priced as of the previous business day's market close when the market is open. Mutual fund positions are priced as of the official market close, 4:00 p.m. EST.