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Bonds generally present less short-term risk and volatility than stocks, but contain interest rate risk (as interest rates raise, bond prices usually fall); issuer default risk; issuer credit risk; liquidity risk; and inflation risk. These effects are usually pronounced for longer-term securities. Any fixed income security sold or redeemed prior to maturity may be subject to a substantial gain or loss.
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Equity securities may fluctuate in value and can decline significantly in response to the activities of individual companies and general market and economic conditions.
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Exp. Date: 31/12/2024
