Thank You to Our Sponsors

has helped investors pursue long-term investment success. Our consistent approach—in combination with The Capital System^SM—has resulted in a consistent long-term track record.

Our investment process, The Capital System, combines individual accountability with teamwork. Each fund is divided into portions that are managed independently by investment professionals with diverse backgrounds, ages, and investment approaches. An extensive global research effort is the backbone of our system.

Investors should carefully consider investment objectives, risks, charges, and expenses of the American Funds. This and other important information is contained in each fund's prospectus and summary prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.

©2013 American Funds Distributors, Inc.

is one of the nation's largest and most respected investment management companies. As of December 31, 2012, OppenheimerFunds, Inc., including subsidiaries, managed more than $195 billion in assets, including mutual funds having more than 12 million shareholder accounts, including sub-accounts.

For more information on OppenheimerFunds' range of products, contact the Wealth Management Group, a team of dedicated professionals serving Registered Investment Advisors, Multi-Family Offices, and Bank Trusts, at 1.800.981.2773 or RIAinfo@oppenheimerfunds.com.

is a full-service investment advisory firm sponsoring a series of investment programs with an emphasis on publicly registered non-traded real estate offerings. ARC was formed with the vision of building a portfolio of companies focusing on sector specific and what we believe are best-in-class investment solutions.

is a thought leader across markets, risk management technology and investment strategies and offers mutual funds, separately managed accounts and iShares ETFs. BlackRock continuously brings its best to clients, pioneering new ways to combine active and index strategies.

(CSIM), a subsidiary of The Charles Schwab Corporation, is one of the nation's largest asset management companies with approximately $224 billion in assets under management as of December 31, 2012.

has been a recognized leader in equity investments since 1977. We offer a comprehensive range of funds under the Gabelli, GAMCO, and Comstock brands. The common threads across our strategies are the focus on fundamental research, a consistent investment process, and our commitment to generating superior risk-adjusted returns.

(IMCA®) is a professional association solely dedicated to advanced investment advisors and wealth managers. IMCA’s Certified Investment Management Analyst® (CIMA®) and Certified Private Wealth Advisor® (CPWA®) certifications, conferences, and membership provide financial professionals with the education and expertise to grow their business and better serve their clients.

is a leading global investment company with $648 billion in assets invested worldwide as of December 31, 2012, and over a century of experience in delivering astute investment solutions for clients. The firm's family of specialized money managers includes expertise in equities, fixed income, and alternatives, with each manager pursuing long-term alpha-generating strategies with independent thought and analysis.

is a leading provider of investment decision support tools to investors globally, including asset managers, banks, hedge funds, and pension funds. MSCI products and services include indices, portfolio risk and performance analytics, and governance tools. MSCI is headquartered in New York, with research and commercial offices around the world. 

is a multi-boutique investment manager that provides a single point-of-access to the solutions that help investors achieve financial independence. Our strength lies in our diversity. From one source, advisors can access leading specialized institutional managers. Our product offerings include: mutual funds, separately managed accounts, and income annuities.

constructs broadly diversified portfolios across global asset classes and regularly includes exposures to U.S., international, and emerging market stocks and bonds, as well as commodities, gold, real estate and currencies. The firm’s philosophy emphasizes down-side risk management while seeking to generate attractive returns through the use of dynamic asset allocation and investing primarily in ETFs.

Windhaven Investment Management, Inc. ("Windhaven"), is a registered investment advisor and an affiliate of Charles Schwab & Co., Inc.