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Investing involves risk, including possible loss of principal. Fixed income securities are subject to certain risks including, but not limited to interest rate, prepayment, extension and credit risks. Foreign securities are more volatile, harder to price and less liquid than U.S. securities. They are subject to different accounting and regulatory standards, and political and economic risks. These risks are enhanced in emerging market countries. Concentrating investments in the Asia-Pacific region subjects the portfolio to more volatility and greater risk of loss than geographically diverse investments.
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