Past performance does not guarantee future results. The performance of individual companies and indexes provided in the linked articles is for informational purposes only and does not represent the Funds.
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This information is intended for U.S. residents. The information on this site does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial advisor/financial consultant before making any investment decision.
Shares are not individually redeemable and owners of the Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only. An investment in the Funds is subject to risk, including the possible loss of principal amount invested. The risks associated with each Fund are detailed in each Fund’s prospectus and on each Fund’s webpage.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please visit the Fund webpages. Read the prospectus or summary prospectus carefully before investing.
Funds are distributed by Foreside Fund Services, LLC, a member of FINRA and SIPC.
E&P Companies - An exploration & production (E&P) company is in a specific sector within the oil and gas industry. Companies involved in the high-risk/high-reward area of exploration and production focus on finding, augmenting, producing, and merchandising different types of oil and gas.
Basis Points (BPS) - Refers to a common unit of measure for interest rates and other percentages in finance. One basis point is equal to 1/100th of 1%, or 0.01%, or 0.0001, and is used to denote the percentage change in a financial instrument.
Bond Credit Ratings - Just as individuals have their own credit report and rating issued by credit bureaus, bond issuers generally are evaluated by their own set of ratings agencies to assess their creditworthiness. There are 3 main ratings agencies that evaluate the creditworthiness of bonds: Moody's, Standard & Poor's, and Fitch. Their opinions of that creditworthiness—in other words, the issuer's financial ability to make interest payments and repay the loan in full at maturity—is what determines the bond's rating and also affects the yield the issuer must pay to entice investors. Lower-rated bonds generally offer higher yields to compensate investors for the additional risk.
Ratings agencies research the financial health of each bond issuer (including issuers of municipal bonds) and assign ratings to the bonds being offered. Each agency has a similar hierarchy to help investors assess that bond's credit quality compared to other bonds. Bonds with a rating of BBB- (on the Standard & Poor's and Fitch scale) or Baa3 (on Moody's) or better are considered "investment-grade." Bonds with lower ratings are considered "speculative" and often referred to as "high-yield" or "junk" bonds.