*Net expenses are capped contractually until 05/01/11. Cap excludes certain expenses, such as interest. Expense caps are as follows: EMRIX 1.25%; GHAIX 1.00%; INIIX 1.00%; VMAIX 1.95%.
Daily prices shown reflect the prior business day's closing net asset value (NAV) price. Mutual funds are long-term investments; changes shown from day to day are extremely short term. Prices are historical and cannot guarantee comparable future results. All data is subject to change.
The performance quoted represents past performance. Past performance is no guarantee of future results; current performance may be lower or higher than the performance data quoted. Performance information for Emerging Markets-I, Global Hard Assets-I, International Investors Gold-I and Multi-Manager Alternatives-I reflects current temporary waivers of expenses and/or fees. Had the Funds incurred all expenses, investment returns would have been reduced. Investment return and value of shares of the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Performance information current to the most recent month-end is available by calling 800.826.2333.
You can lose money by investing in the Funds. Any investment in the Funds should be part of an overall investment program, not a complete program. The Funds’ investments in foreign securities involve risks related to adverse political and economic developments unique to a country or a region, currency fluctuations or controls, and the possibility of arbitrary action by foreign governments, including the takeover of property without adequate compensation or imposition of prohibitive taxation. The Funds are subject to risks associated with investments in debt securities, derivatives, commodity-linked instruments, illiquid securities, asset-backed securities, CMOs and small- or mid-cap companies. The Funds are also subject to inflation risk, short-sales risk, market risk, non-diversification risk and leverage risk. In addition, the Hard Assets Fund is subject to risks associated with concentrating its investments in hard assets and the hard assets sector, including real estate, precious metals and natural resources, and can be significantly affected by events relating to these industries, including international political and economic developments, inflation, and other factors. The Fund’s portfolio securities may experience substantial price fluctuations as a result of these factors, and may move independently of the trends of industrialized companies. The International Investors Gold Fund is subject to the risks associated with concentrating its assets in the gold industry, which can be significantly affected by international economic, monetary and political developments. The Fund’s overall portfolio may decline in value due to developments specific to the gold industry. The Emerging Markets Fund is subject to the risks associated with its investments in emerging market securities, which tend to be more volatile and less liquid than securities traded in developed countries. The Multi-Manager Alternatives Fund, the Sub-Advisers and the Underlying Funds may use aggressive investment strategies, including absolute return strategies, that are riskier than those used by typical mutual funds. If the Fund and Sub-Advisers are unsuccessful in applying these investment strategies, the Fund and you may lose more money than if you had invested in another fund that did not invest aggressively. Because the Fund implements a fund-of-funds strategy, an investor in the Fund will bear the operating expenses of the “Underlying Funds” in which the Fund invests. The total expenses borne by an investor in the Fund will be higher than if the investor invested directly in the Underlying Funds, and the returns may therefore be lower. Please see the prospectus for information on these and other risk considerations.
Investing involves risk, including possible loss of principal. An investor should consider investment objectives, risks, charges and expenses of the investment company carefully before investing. The prospectus and summary prospectus contains this and other information. Please read the prospectus and summary prospectuscarefully before investing.
Not FDIC Insured — No Bank Guarantee — May Lose Value
Van Eck Securities Corporation, Distributor