Always read the prospectus or summary prospectus carefully before you invest or send money. While no-load funds do not assess sales charges, fund shares are subject to management fees and certain other expenses. Not all classes of shares may be available to every investor or to every account in that investor's name.
Furthermore, those classes of shares that you would be eligible to purchase may be subject to ongoing account maintenance and/or distribution fees, which will affect the performance of such shares. Merrill Lynch receives remuneration from participating fund companies.
Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes.
It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance.
Some funds that are reflected as front end load are offered load waived in Self-Directed accounts. Asset allocation and diversification do not ensure a profit or protect against loss in declining markets.
The information herein was obtained from multiple sources, we do not guarantee its accuracy or completeness.In addition to receiving dealer concessions and asset-based sales charges and/or services fees in connection with clients' purchasing and holding mutual fund shares, Merrill Lynch and its affiliates provide other services for which they may receive additional compensation from funds or their affiliates.This compensation is generally disclosed in a fund's prospectus, and if available, the summary prospectus, statement of additional information or website.The performance data contained herein represents past performance which does not guarantee future results.Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost.During prior years, certain classes of shares may have been offered at a higher maximum sales charge.Therefore, the average annual returns may have been somewhat lower than noted.Current performance may be lower or higher than the performance quoted.For performance information current to the most recent month end, please contact us.Contact us if you experience any difficulty logging in.No transaction fee, load waived and no load funds are only available in Merrill Edge through a Merrill Edge Self-Directed account or through enrollment in an asset-based fee program offered through Merrill Edge Advisory Center.