There is no guarantee that the Funds will achieve their investment goals. Equity securities tend to go up or down in value, sometimes rapidly and unpredictably, in response to many factors, including a company’s historical and prospective earnings, the value of its assets, general economic conditions, interest rates, investor perceptions, and market liquidity. Large-capitalization companies tend to have more stable prices than small- or mid-capitalization companies, but are still subject to equity securities risk and their prices may not rise as much as the prices of companies with smaller market capitalizations. Mid-capitalization companies may be subject to greater price volatility risk and more vulnerable to economic, market, and industry changes than larger, more established companies. Small-capitalization companies may be more susceptible to liquidity risk and price volatility risk and more vulnerable to economic, market, and industry changes than larger, more established companies. Growth companies have the potential for above-average or rapid growth, but may be subject to greater price volatility risk than investments in "undervalued" companies. Value companies are those that are thought to be undervalued and perceived as trading for less than their intrinsic values.