Long-term investors should look beyond stock market volatility
Market volatility can be unsettling, but history shows that prices have returned to less volatile patterns over time. That can be good news for long-term investors.
The opinions expressed are those of the Fund’s manager for Class I shares and are not meant as investment advice or to predict or project the future performance of any investment product. The opinions are current through June 30, 2018, are subject to change at any time based on market and other current conditions, and no forecasts can be guaranteed. This commentary is being provided as a general source of information and is not intended as a recommendation to purchase, sell, or hold any specific security or to engage in any investment strategy. Investment decisions should always be made based on an investor’s specific objectives, financial needs, risk tolerance and time horizon. Past performance is not a guarantee of future results.
Top 10 holdings as a percent of net assets include: Airbus SE 4.9%, Microsoft Corp. 4.5%, Amazon.com, Inc. 4.2%, MasterCard, Inc., Class A 3.8%, Visa, Inc., Class A 3.7%, The Home Depot, Inc. 2.9%, United Health Group, Inc. 2.7%, Cognizant Technology Solutions Corp., Class A 2.7%, CME Group, Inc. 2.6% and Adobe Systems, Inc. 2.6%.
Risk factors: The value of the Fund’s shares will change, and you could lose money on your investment. International investing involves additional risks, including currency fluctuations, political or economic conditions affecting the foreign country, and differences in accounting standards and foreign regulations. These risks are magnified in emerging markets. These and other risks are more fully described in the Fund’s prospectus. Not all funds or fund classes may be offered at all broker/dealers.