Common use of Equity risk Clause in Contracts

Equity risk. The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroad. A company’s earnings or dividends may not increase as expected (or may decline) because of poor management, competitive pressures, reliance on particular suppliers or geographical regions, labor problems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or wars, terrorism, public health crises, or other events, conditions and factors. Price changes may be temporary or last for extended periods.

Equity risk. The value of the equity securities in which the Fund invests may decline in response to developments affecting individual companies and/or general economic conditions in the United States or abroadconditions. A company’s earnings or dividends may not increase in- crease as expected (or may decline) because of due to poor managementman- agement decisions, competitive pressures, breakthroughs in technolo- gy, reliance on particular suppliers or geographical regionssuppliers, labor problems prob- lems or shortages, corporate restructurings, fraudulent disclosures, man-made or natural disasters, military confrontations or warsconfronta- tions, war, terrorism, public health crises, or other events, conditions conditions, and factors. Price changes may be temporary tempo- rary or last for extended periods.