Stephen Peak, Director of International Equities, reviews market performance this year and notes allocation shifts in the International Opportunities Fund. Stephen pulls out “the crystal ball” and discusses his expectations for 2014.

International investing involves risks and increased volatility not associated with investing solely in the US. These risks included currency fluctuations, economic or financial instability, lack of timely or reliable financial information or unfavorable political or legal developments. The Fund may invest in securities issued by smaller companies which typically involve greater risk than investing in larger companies. Also, the Funds may invest in limited geographic areas and/or sectors which may result in greater market volatility. In addition, the Funds may invest in derivatives. Derivatives involve special risks different from, and potentially greater than the risks associated with investing directly in securities and may result in greater losses.

One should consider the investment objectives, risks, fees and expenses of any mutual fund carefully before investing. This and other important information is available in the Fund’s prospectus and summary prospectus which are available at, by calling 1.866.443.6337 or by contacting your financial advisor. Please read the prospectus carefully before investing.

Investing involves certain risks including the possible loss of principal.