170374_HHHunt_FeeDisclosure

Investment-Related Disclosure

fails to pay the loan included in the security. 36 Investments in U.S. government obligations are subject to varying levels of government support. In the event of default, some U.S. government securities, including U.S. Treasury obligati ns and Ginnie Mae s curities, are issued and guaranteed as to principal and interest by the full faith and credit of the U.S. government. Other securities are obligations of U.S. government-sponsored entities but are neither issued nor guaranteed by the U.S. government. 37 Investments in futur s contracts and options n futures contracts may increase volatility a d be subject to ad itional marke , active management, inte st, currenc , and other risks if the contract cannot be closed when desired. 38 The Bloomberg Barclays U.S. Aggregate Index began on January 1, 1976. From May 28, 1974, through December 31, 1975, th Bloomberg Barclays U.S. Government/Credit Index was used. 39 Unlike other fixed-income securities, the values of nflation- protected sec riti ar not significantly impacted by inflation expectations because their interest rates are adjusted for inflation. Generally, the value of inflation- protected securities will fall when 40 Investments in derivatives may be subject to the risk hat the advisor does not corr ctly predict the movement of the underlying security, interest rate, market index, or other financial asset, or that the value of the derivative does not real interest rates rise and rise when real interest rates fall.

social, political, regulatory, or economic events occurring in that country or region. Country- or region-specific risks also include the risk that adverse securities markets or exchange rates may impact the value of securities from those areas. 33 Concentrating assets in the real estate sector or REITs may disproportionately subject the portfolio to the risks of that industry, including loss of value because of changes in real estate values, interest rates, and taxes, as well as changes in zoning, building, environmental, and other subject to increased price volatility d iquidity risk, and shareholders indirectly bear their pr portionate shar of expenses because of their management fees. 34 Value securities may be subject to the risk that these securities cannot overcome the adverse factors the advisor believes are responsible for their low price or that the market may not recognize their fundamental value as the advisor predicted. Value securities are not expected to ex rience significant earnings growth and may und rperform growth stocks in c tain markets. 35 Investments in mortgage-backed and asset-backed securities may be subject to increased price volatility because of changes in interest rates, issuer information availability, credit quality of the underlying assets, market perception of th issuer, availability of credit enhancement, and prepayment of principal. The value of ABS and MBS may be adversely affected if the underlying borrower laws, among other factors. Investments in REITs may be

he portfolio to erform its benchmark, other ents with similar objectives, arket in general. The ent is subject to the risk of income and capital d, and the advisor does not tee its value, performance, particular rate f return. estment may be unable to ce its portfolio or accurately s holdings if an exchange or closes early, closes late, or rading halts on specific ies or restricts the ability to sell certain securities or l instruments. Any of these os may cause the ent to incur substantial losses. e shares of the investment ed on the secondary , investors are s bject to the at shares may trade at a m or discount to net asset here is no guarantee that e trading market for these will be maintained. ents in exc nge-traded enerally reflect the risks of the underlying s curities e designed to track, h they may be subj ct to liquidity risk and igher an owning the underlying ies directly because of their ement fees. Shares of ETFs ject to market trading risk, ially trading at a premium or nt to net asset value. d’s inception predates the on of its primary ark; therefore, the e is no tion for the benchmark’s result. ents in securities from a lar country or region may ject to the risk of adverse

fails to pay the loan included in the security. 36 Investments in U.S. government obligations are subject to varying levels of government support. In the event of default, some U.S. government securities, including U.S. Treasury obligations and Ginnie Mae securities, are issued and guaranteed as to principal and interest by the full faith and credit of the U.S. government. Other securities are obligations of U.S. government-sponsored entities but are neither issued nor guaranteed by the U.S. government. 37 Investments in futures contracts and options on futures contracts may increase volatility and be subject to additional market, active management, interest, currency, and other risks if the contract cannot be closed when desired. 38 The Bloomberg Barclays U.S. Aggregate Index began on January 1, 1976. From May 28, 1974, through December 31, 1975, the Bloomberg Barclays U.S. Government/Credit Index was used. 39 Unlike other fixed-income securities, the values of inflation- protected securities are not significantly impacted by inflation expectations because their interest rates are adjusted for inflation. Generally, the value of inflation- protected securities will fall when 40 Investments in derivatives may be subject to the risk that the advisor does not correctly predict the movement of the underlying security, interest rate, market index, or other financial asset, or that the value of the derivative does not real interest rates rise and rise when real interest rates fall.

social, political, regulatory, or economic events occurring in that country or region. Country- or region-specific risks also include the risk that adverse securities markets or exchange rates may impact the value of securities from those areas. 33 Concentrating assets in the real estate sector or REITs may disproportionately subject the portfolio to the risks of that industry, including loss of value because of changes in real estate values, interest rates, and taxes, as well as changes in zoning, building, environmental, and other subject to increased price volatility and liquidity risk, and shareholders indirectly bear their proportionate share of expenses because of their management fees. 34 Value securities may be subject to the risk that these securities cannot overcome the adverse factors the advisor believes are responsible for their low price or that the market may not recognize their fundamental value as the advisor predicted. Value securities are not expected to experience significant earnings growth and may underperform growth stocks in certain markets. 35 Investments in mortgage-backed and asset-backed securities may be subject to increased price volatility because of changes in interest rates, issuer information availability, credit quality of the underlying assets, market perception of the issuer, availability of credit enhancement, and prepayment of principal. The value of ABS and MBS may be adversely affected if the underlying borrower laws, among other factors. Investments in REITs may be

cause the portfolio to underperform its benchmark, other investments with similar objectives, or the market in general. The investment is subject to the risk of loss of income and capital invested, and the advisor does not guarantee its value, performance, or any particular rate of return. 28 The investment may be unable to rebalance its portfolio or accurately price its holdings if an exchange or market closes early, closes late, or issues trading halts on specific securities or restricts the ability to buy or sell certain securities or financial instruments. Any of these scenarios may cause the investment to incur substantial trading losses. 29 Because shares of the investment are traded on the secondary market, investors are subject to the risks that shares may trade at a premium or discount to net asset value. There is no guarantee that an active trading market for these shares will be maintained. 30 Investments in exchange-traded funds generally reflect the risks of owning the underlying securities they are designed to track, although they may be subject to greater liquidity risk and higher costs than owning the underlying securities directly because of their management fees. Shares of ETFs are subject to market trading risk, potentially trading at a premium or discount to net asset value. 31 This fund’s inception predates the inception of its primary benchmark; therefore, there is no calculation for the benchmark’s lifetime result. 32 Investments in securities from a particular country or region may be subject to the risk of adverse

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