All investments carry risk, including the possible loss of principal and there is no assurance that an investment will provide positive performance over any period of time. Winslow Capital’s Large Cap Growth strategy invests in primarily U.S. – based large cap growth equity securities. The portfolio may hold up to 20% of a combination of investments in ADRs and other foreign companies (defined as companies traded on U.S. exchanges but incorporated outside of the United States). ADRs are the receipts for the shares of a foreign-based company traded on U.S. exchanges. ADRs do not eliminate the currency and economic risks for the underlying shares in another country. The strategy’s potential investment in non-U.S. stocks presents risks such as political risk, exchange rate risk and infl ationary risk, which include the risks of economic change, social unrest, changes in government relations, and different accounting standards. In addition, growth style investing may fall out of favor and underperform other equity investments during given periods. Certain sectors or growth stocks may shift characteristics over a long market cycle and may not perform in line with stated benchmarks.