www.etfconnect.com/select/fundPages/global.asp?MFID=3857
INVESTMENT OBJECTIVE Turkish Investment Fund is a closed-end management investment company. The Fund will invest at lea st 80% of assets in equity securities of Turkish companies. The remainde r may be invested in dollar and lira denominated debt securities.
Investor perceptions can be based on various and unpredic table factors including expectations regarding government, economic, mon etary and fiscal policies, inflation and interest rates, economic expans ion or contraction, and political climates. The value of any security ca n rise or fall and when liquidated, may be worth more or less than the o riginal investment. Generally, lower rated securit ies provide higher current income but are considered to carry greater cr edit risk than higher rated securities. In addition, it may be more s usceptible to any single economic, political, or regulatory occurrence t han the holdings of an investment company that is more broadly diversifi ed.
Footnotes 1 Annualized total return is determined by subtracting the initial inves tments from the redeemable value of the investment at the end of the inv estment period, dividing the remainder by the initial investment and exp ressing the result as a percentage. For multiple years, 1 would be added to the results, this number could then be raised to the power of 1/year s annualized - 1 to find the result of a multiple year annualized return . The calculation assumes that all income and capital gains distribution s by the Fund have been reinvested at net asset value (share price) on t he ex dates during the period. A country is only listed if the investme nt in the country is more than 5% of the total assets.
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