For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on how a fund ranks on a Morningstar Risk-Adjusted Return measure against other funds in the same category. This measure takes into account variations in a fund's monthly performance after adjusting for sales loads (except for load-waived A shares) redemption fees, and the risk-free rate, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the ratings for the three-, five- and ten-year (if applicable) time periods. Load-waived A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan). Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load. Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load. Past performance is no guarantee of future results. The Morningstar Rating may differ among share classes of a mutual fund as a result of different sales loads and/or expense structure.
The Morningstar Style Box™ reveals a fund's investment strategy.
For equity funds the vertical axis shows the market capitalization of the long stocks owned and the horizontal axis shows investment style (value, blend, or growth).
For fixed-income funds, the vertical axis shows the credit quality of the long bonds owned and the horizontal axis shows interest rate sensitivity as measured by a bond's effective duration.
Mutual Fund Past Performance Data: Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value will fluctuate. Upon redemption, shares may be worth more or less than their original cost. The fund's current performance may be lower or higher than the performance data quoted. Recent historical performance data can be found on the fund family's website.
Mutual Fund Investors: You should carefully consider information contained in the prospectus, including investment objectives, risks, charges and expenses. For a prospectus containing this and other important information, please visit the fund's detailed quote page, or contact a ShareBuilder Customer Service Associate. Please read the prospectus carefully before investing.
Mutual Fund Early Redemption Policy: Capital One Investing, LLC reserves the right to charge $49.95 on the redemption or exchange of any no-load, no-transaction fee mutual fund shares held less than 90 days (except for money market funds). This charge is in addition to any charges or expenses addressed in the fund's prospectus.
Mutual Fund Excessive Trading Policy: Capital One Investing, LLC has adopted an Excessive Trading Policy to respond to the demands of the mutual fund families - which make their funds available through Capital One Investing accounts - to discourage market timing and excessive trading activity in mutual funds.
Mutual Fund Compensation: Capital One Investing, LLC receives compensation from fund companies participating in its no-load, no-transaction fee program for recordkeeping, shareholder, and other administrative services. For additional information, please review our Mutual Fund Disclosure.
Where does this research content come from? It's produced by independent research and ratings providers, not affiliated with us, Capital One Investing, LLC. For more, see our Research Content Disclosure. Delayed quotes: NYSE, NASDAQ and Amex - at least 15 minutes delay. BATS: BATS Exchange real-time quotes may be delayed up to 10 minutes compared to a composite real-time quote. BATS quotes include market information from outside sources that's delayed at least 15 minutes.
Securities are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.
ShareBuilder and Capital One ShareBuilder are marketing names for Capital One Investing, LLC. ShareBuilder 401k and ShareBuilder Advisors are the marketing names for Capital One Advisors, LLC.
Securities and services are: Not FDIC insured • Not bank guaranteed • May lose value • Not a deposit • Not Insured by any Federal Government Agency