SECURITIES AND EXCHANGE COMMISSION |
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Washington, D.C. 20549 |
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FORM N-1A |
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REGISTRATION STATEMENT (No. 002-93601) |
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UNDER THE SECURITIES ACT OF 1933 |
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Pre-Effective Amendment No. ____ |
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Post-Effective Amendment No. 99 |
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and |
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REGISTRATION STATEMENT (No. 811-04118) |
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UNDER THE INVESTMENT COMPANY ACT OF 1940 |
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Amendment No. 99 |
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Fidelity Securities Fund |
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(Exact Name of Registrant as Specified in Charter) |
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82 Devonshire St., Boston, Massachusetts 02109 |
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(Address Of Principal Executive Offices) (Zip Code) |
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Registrant's Telephone Number: 617-563-7000 |
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Scott C. Goebel, Secretary |
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82 Devonshire Street |
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Boston, Massachusetts 02109 |
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(Name and Address of Agent for Service) |
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It is proposed that this filing will become effective |
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immediately upon filing pursuant to paragraph (b). |
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on ( ) pursuant to paragraph (b) at 5:30 p.m. Eastern Time. |
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60 days after filing pursuant to paragraph (a)(1) at 5:30 p.m. Eastern Time. |
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on ( ) pursuant to paragraph (a)(1) of Rule 485 at 5:30 p.m. Eastern Time. |
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75 days after filing pursuant to paragraph (a)(2) at 5:30 p.m. Eastern Time. |
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on ( ) pursuant to paragraph (a)(2) of Rule 485 at 5:30 p.m. Eastern Time. |
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If appropriate, check the following box: |
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this post-effective amendment designates a new effective date for a previously filed post-effective amendment. |
EXHIBIT INDEX
Exhibit |
Exhibit No. |
XBRL Instance Document |
EX-101.INS |
XBRL Taxonomy Extension Schema Document |
EX-101.SCH |
XBRL Taxonomy Extension Calculation Linkbase Document |
EX-101.CAL |
XBRL Taxonomy Extension Definition Linkbase Document |
EX-101.DEF |
XBRL Taxonomy Extension Labels Linkbase Document |
EX-101.LAB |
XBRL Taxonomy Extension Presentation Linkbase Document |
EX-101.PRE |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for the effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Post-Effective Amendment No. 99 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Boston, and Commonwealth of Massachusetts, on the 12th day of October 2011.
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Fidelity Securities Fund |
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By |
/s/Kenneth B. Robins |
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Kenneth B. Robins, President |
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Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
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(Title) |
(Date) |
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/s/Kenneth B. Robins |
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President and Treasurer |
October 12, 2011 |
Kenneth B. Robins |
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(Principal Executive Officer) |
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/s/Christine Reynolds |
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Chief Financial Officer |
October 12, 2011 |
Christine Reynolds |
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(Principal Financial Officer) |
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/s/James C. Curvey |
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Trustee |
October 12, 2011 |
James C. Curvey |
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/s/Dennis J. Dirks |
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Trustee |
October 12, 2011 |
Dennis J. Dirks |
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/s/Alan J. Lacy |
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Trustee |
October 12, 2011 |
Alan J. Lacy |
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/s/Ned C. Lautenbach |
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Trustee |
October 12, 2011 |
Ned C. Lautenbach |
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/s/Joseph Mauriello |
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Trustee |
October 12, 2011 |
Joseph Mauriello |
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/s/Ronald P. O'Hanley |
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Trustee |
October 12, 2011 |
Ronald P. O'Hanley |
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/s/Robert W. Selander |
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Trustee |
October 12, 2011 |
Robert W. Selander |
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/s/Cornelia M. Small |
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Trustee |
October 12, 2011 |
Cornelia M. Small |
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/s/William S. Stavropoulos |
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Trustee |
October 12, 2011 |
William S. Stavropoulos |
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/s/David M. Thomas |
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Trustee |
October 12, 2011 |
David M. Thomas |
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/s/Michael E. Wiley |
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Trustee |
October 12, 2011 |
Michael E. Wiley |
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By: |
/s/Joseph R. Fleming |
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Joseph R. Fleming, pursuant to powers of attorney dated February 1, 2011 and September 1, 2011 and filed herewith. |
POWER OF ATTORNEY
We, the undersigned Directors or Trustees, as the case may be, of the following investment companies:
Fidelity Advisor Series I Fidelity Advisor Series VII Fidelity Advisor Series VIII Fidelity Beacon Street Trust Fidelity Capital Trust Fidelity Central Investment Portfolios LLC Fidelity Commonwealth Trust Fidelity Concord Street Trust Fidelity Congress Street Fund Fidelity Contrafund Fidelity Covington Trust Fidelity Destiny Portfolios Fidelity Devonshire Trust Fidelity Exchange Fund Fidelity Financial Trust |
Fidelity Hanover Street Trust Fidelity Hastings Street Trust Fidelity Investment Trust Fidelity Magellan Fund Fidelity Mt. Vernon Street Trust Fidelity Puritan Trust Fidelity Securities Fund Fidelity Select Portfolios Fidelity Summer Street Trust Fidelity Trend Fund Variable Insurance Products Fund Variable Insurance Products Fund II Variable Insurance Products Fund III Variable Insurance Products Fund IV |
in addition to any other investment company for which Fidelity Management & Research Company ("FMR") or an affiliate acts as investment adviser and for which the undersigned individuals serve as Directors or Trustees (collectively, the "Funds"), hereby revoke all previous powers of attorney we have given to sign and otherwise act in our names and behalf in matters involving any investment company for which FMR or an affiliate acts as investment adviser and hereby constitute and appoint Thomas C. Bogle, Joseph R. Fleming, John V. O'Hanlon, Robert W. Helm and Anthony H. Zacharski, each of them singly, our true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for us and in our names in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, or any successors thereto, any and all subsequent Amendments, Pre-Effective Amendments, or Post-Effective Amendments to said Registration Statements or any successors thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in our names and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940, and all related requirements of the Securities and Exchange Commission. We hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof. This power of attorney is effective for all documents filed on or after February 1, 2011.
WITNESS our hands on this first day of February 1, 2011.
/s/James C. Curvey |
/s/Joseph Mauriello |
James C. Curvey
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Joseph Mauriello |
/s/Ronald P. O'Hanley |
/s/Cornelia M. Small |
Ronald P. O'Hanley
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Cornelia M. Small
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/s/Dennis J. Dirks |
/s/William S. Stavropoulos |
Dennis J. Dirks
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William S. Stavropoulos |
/s/Alan J. Lacy |
/s/David M. Thomas |
Alan J. Lacy
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David M. Thomas |
/s/Ned C. Lautenbach |
/s/Michael E. Wiley |
Ned C. Lautenbach |
Michael E. Wiley |
POWER OF ATTORNEY
I, the undersigned Director or Trustee of the following investment companies:
Fidelity Advisor Series I Fidelity Advisor Series VII Fidelity Advisor Series VIII Fidelity Beacon Street Trust Fidelity Capital Trust Fidelity Central Investment Portfolios LLC Fidelity Commonwealth Trust Fidelity Concord Street Trust Fidelity Congress Street Fund Fidelity Contrafund Fidelity Covington Trust Fidelity Destiny Portfolios Fidelity Devonshire Trust Fidelity Exchange Fund Fidelity Financial Trust |
Fidelity Hanover Street Trust Fidelity Hastings Street Trust Fidelity Investment Trust Fidelity Magellan Fund Fidelity Mt. Vernon Street Trust Fidelity Puritan Trust Fidelity Securities Fund Fidelity Select Portfolios Fidelity Summer Street Trust Fidelity Trend Fund Variable Insurance Products Fund Variable Insurance Products Fund II Variable Insurance Products Fund III Variable Insurance Products Fund IV |
in addition to any other investment company for which Fidelity Management & Research Company ("FMR") or an affiliate acts as investment adviser and for which the undersigned serves as Director or Trustee (collectively, the "Funds"), hereby constitute and appoint Thomas C. Bogle, Joseph R. Fleming, John V. O'Hanlon, Robert W. Helm and Anthony H. Zacharski, each of them singly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, or any successors thereto, any and all subsequent Amendments, Pre-Effective Amendments, or Post-Effective Amendments to said Registration Statements or any successors thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940, and all related requirements of the Securities and Exchange Commission. I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof. This power of attorney is effective for all documents filed on or after September 1, 2011.
WITNESS my hand on this first day of September 1, 2011.
/s/Robert W. Selander |
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Robert W. Selander
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Retail | Fidelity Series Real Estate Equity Fund | |||||||||||||||||
Fund Summary Fund/Class: Fidelity® Series Real Estate Equity Fund/Fidelity Series Real Estate Equity Fund
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Investment Objective | |||||||||||||||||
The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund seeks to provide a yield that exceeds the composite yield of the S&P 500® Index. | |||||||||||||||||
Fee Table | |||||||||||||||||
The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. | |||||||||||||||||
Shareholder fees (fees paid directly from your investment) | |||||||||||||||||
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Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) | |||||||||||||||||
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This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: |
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Portfolio Turnover | |||||||||||||||||
The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. | |||||||||||||||||
Principal Investment Strategies | |||||||||||||||||
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Principal Investment Risks | |||||||||||||||||
In addition, the fund is considered non-diversified and can invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a more diversified fund. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. |
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Performance | |||||||||||||||||
Performance history will be available for the fund after the fund has been in operation for one calendar year. |
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Label | Element | Value | ||
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Risk/Return: | rr_RiskReturnAbstract | Â | ||
Document Type | dei_DocumentType | 485BPOS | ||
Document Period End Date | dei_DocumentPeriodEndDate | Sep. 12, 2011 | ||
Registrant Name | dei_EntityRegistrantName | FIDELITY SECURITIES FUND | ||
Central Index Key | dei_EntityCentralIndexKey | 0000754510 | ||
Amendment Flag | dei_AmendmentFlag | false | ||
Document Creation Date | dei_DocumentCreationDate | Sep. 12, 2011 | ||
Document Effective Date | dei_DocumentEffectiveDate | Sep. 13, 2011 | ||
Prospectus Date | rr_ProspectusDate | Sep. 13, 2011 | ||
Retail | Fidelity Series Real Estate Equity Fund
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Risk/Return: | rr_RiskReturnAbstract | Â | ||
Risk/Return [Heading] | rr_RiskReturnHeading | Fund Summary Fund/Class: Fidelity® Series Real Estate Equity Fund/Fidelity Series Real Estate Equity Fund
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Objective [Heading] | rr_ObjectiveHeading | Investment Objective | ||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund seeks to provide a yield that exceeds the composite yield of the S&P 500® Index. | ||
Fee Table | fsf754510_FundFeesAndExpensesAbstract | Â | ||
Expense [Heading] | rr_ExpenseHeading | Fee Table | ||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. | ||
Shareholder fees | rr_ShareholderFeesAbstract | Â | ||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder fees (fees paid directly from your investment) | ||
Annual class operating expenses | rr_OperatingExpensesAbstract | Â | ||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) | ||
Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | Based on estimated amounts for the current fiscal year. | ||
Expense Example | rr_ExpenseExampleAbstract | Â | ||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: |
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Portfolio Turnover | fsf754510_PortfolioTurnoverAltAbstract | Â | ||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | ||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. | ||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | ||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock |
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Strategy Portfolio Concentration [Text] | rr_StrategyPortfolioConcentration |
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Risk [Heading] | rr_RiskHeading | Principal Investment Risks | ||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock |
In addition, the fund is considered non-diversified and can invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a more diversified fund. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. |
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Risk Nondiversified Status [Text] | rr_RiskNondiversifiedStatus | In addition, the fund is considered non-diversified and can invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a more diversified fund. | ||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | ||
Risk Lose Money [Text] | rr_RiskLoseMoney | You could lose money by investing in the fund. | ||
Performance | fsf754510_FundPastPerformanceAbstract | Â | ||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance | ||
Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | Performance history will be available for the fund after the fund has been in operation for one calendar year. | ||
Retail | Fidelity Series Real Estate Equity Fund | Class: Retail
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Shareholder fees | rr_ShareholderFeesAbstract | Â | ||
Shareholder fees (fees paid directly from your investment) | rr_ShareholderFeeOther | none | ||
Annual class operating expenses | rr_OperatingExpensesAbstract | Â | ||
Management fee | rr_ManagementFeesOverAssets | 0.56% | ||
Distribution and/or Service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | ||
Other expenses | rr_OtherExpensesOverAssets | 0.28% | [1] | |
Total annual operating expenses | rr_ExpensesOverAssets | 0.84% | ||
Expense Example | rr_ExpenseExampleAbstract | Â | ||
1 year | rr_ExpenseExampleYear01 | 86 | ||
3 years | rr_ExpenseExampleYear03 | 268 | ||
F | Fidelity Series Real Estate Equity Fund
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Risk/Return: | rr_RiskReturnAbstract | Â | ||
Risk/Return [Heading] | rr_RiskReturnHeading | Fund Summary Fund/Class: Fidelity® Series Real Estate Equity Fund/F
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Objective [Heading] | rr_ObjectiveHeading | Investment Objective | ||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund seeks to provide a yield that exceeds the composite yield of the S&P 500® Index. | ||
Fee Table | fsf754510_FundFeesAndExpensesAbstract | Â | ||
Expense [Heading] | rr_ExpenseHeading | Fee Table | ||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. | ||
Shareholder fees | rr_ShareholderFeesAbstract | Â | ||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder fees (fees paid directly from your investment) | ||
Annual class operating expenses | rr_OperatingExpensesAbstract | Â | ||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) | ||
Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | Based on estimated amounts for the current fiscal year. | ||
Expense Example | rr_ExpenseExampleAbstract | Â | ||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: |
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Portfolio Turnover | fsf754510_PortfolioTurnoverAltAbstract | Â | ||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | ||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. | ||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | ||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock |
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Strategy Portfolio Concentration [Text] | rr_StrategyPortfolioConcentration |
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Risk [Heading] | rr_RiskHeading | Principal Investment Risks | ||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock |
In addition, the fund is considered non-diversified and can invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a more diversified fund. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. |
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Risk Nondiversified Status [Text] | rr_RiskNondiversifiedStatus | In addition, the fund is considered non-diversified and can invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a more diversified fund. | ||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | ||
Risk Lose Money [Text] | rr_RiskLoseMoney | You could lose money by investing in the fund. | ||
Performance | fsf754510_FundPastPerformanceAbstract | Â | ||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance | ||
Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | Performance history will be available for the fund after the fund has been in operation for one calendar year. | ||
F | Fidelity Series Real Estate Equity Fund | Class F
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Shareholder fees | rr_ShareholderFeesAbstract | Â | ||
Shareholder fees (fees paid directly from your investment) | rr_ShareholderFeeOther | none | ||
Annual class operating expenses | rr_OperatingExpensesAbstract | Â | ||
Management fee | rr_ManagementFeesOverAssets | 0.56% | ||
Distribution and/or Service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | none | ||
Other expenses | rr_OtherExpensesOverAssets | 0.07% | [1] | |
Total annual operating expenses | rr_ExpensesOverAssets | 0.63% | ||
Expense Example | rr_ExpenseExampleAbstract | Â | ||
1 year | rr_ExpenseExampleYear01 | 64 | ||
3 years | rr_ExpenseExampleYear03 | 202 | ||
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F | Fidelity Series Real Estate Equity Fund | |||||||||||||||||
Fund Summary Fund/Class: Fidelity® Series Real Estate Equity Fund/F
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Investment Objective | |||||||||||||||||
The fund seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund seeks to provide a yield that exceeds the composite yield of the S&P 500® Index. | |||||||||||||||||
Fee Table | |||||||||||||||||
The following table describes the fees and expenses that may be incurred when you buy and hold shares of the fund. | |||||||||||||||||
Shareholder fees (fees paid directly from your investment) | |||||||||||||||||
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Annual class operating expenses (expenses that you pay each year as a % of the value of your investment) | |||||||||||||||||
|
|||||||||||||||||
This example helps compare the cost of investing in the fund with the cost of investing in other mutual funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that your shareholder fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: |
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Portfolio Turnover | |||||||||||||||||
The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. | |||||||||||||||||
Principal Investment Strategies | |||||||||||||||||
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Principal Investment Risks | |||||||||||||||||
In addition, the fund is considered non-diversified and can invest a greater portion of assets in securities of a smaller number of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a more diversified fund. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. You could lose money by investing in the fund. |
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Performance | |||||||||||||||||
Performance history will be available for the fund after the fund has been in operation for one calendar year. |