ETF Conservative Balanced Strategy

The main objective of this portfolio is stability of capital with moderate growth. With its anticipated low volatility, this approach carries relatively low risk to principal, yet is designed to provide a moderate current income. While we view this as a moderately low-risk portfolio, we recommend investors keep a time horizon of at least three to four years.

* Investors should consider the investment objectives, risks, charges and expenses of an investment company carefully before investing. The prospectus contains this and other information about an investment company and is available from your financial advisor. The prospectus should be read carefully before investing.

Asset allocations current as of December 31, 2012, and are subject to change without notice and may include the addition, removal or substitution of one or more asset classes. High-yield (below investment grade) bonds are not suitable for all investors. There is an inverse relationship between interest rate movements and fixed income prices. Generally, when interest rates rise, fixed income prices fall and when interest rates fall, fixed income prices generally rise

International investing involves special risks, including currency fluctuations, different financial accounting standards, and possible political and economic volatility. Investing in emerging markets can be riskier than investing in well-established foreign markets. Investing involves risk and investors may incur a profit or a loss, including the loss of all principal.

Investing in small-cap stocks generally involves greater risks, and therefore, may not be appropriate for every investor.

Commodities trading is generally considered speculative because of the significant potential for investment loss. Commodities are volatile investments and should only form a small part of a diversified portfolio. Among the factors that could affect the value of the fund’s investments in commodities are cyclical economic conditions, sudden political events, and adverse international monetary policies. Markets for precious metals and other commodities are likely to be volatile and there may be sharp price fluctuations even during periods when prices overall are rising.

Specific sector investing such as real estate can be subject to different and greater risks than more diversified investments. Declines in the value of real estate, economic conditions, property taxes, tax laws and interest rates all present potential risks to real estate investments.

Diversification and asset allocation do not ensure a profit or protect against a loss.