About Risk All mutual funds are subject to market risk, including possible loss of principal.
Foreign securities may be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy. These risks are likely to be greater for emerging markets than for developing markets. Stocks represent ownership shares in a company and may provide the potential for growth over time. Due to market fluctuation, investing in stocks involves higher risks than bonds or cash investments. Growth stocks may be more volatile than other stocks because they are generally more sensitive to investor perceptions and market moves. During periods of growth stock underperformance, investment performance may suffer. Value stocks may experience adverse business developments or may be subject to special risks that have caused their securities to be out of favor. The principal risk of investing in value stocks is that they may never reach what investors believe is their full value or that they may go down in value. Bonds are IOUs issued by governments, government agencies, or companies. Bonds are subject to credit risk and interest-rate risk and can lose principal value when interest rates rise. High-yield securities (junk bonds) have speculative characteristics and present a greater risk of loss than higher-quality debt securities. These securities can also be subject to greater price volatility. Municipal bond interest income may be subject to state and local taxes or the alternative minimum tax. Issuers of convertible securities may not be as financially strong as those issuing securities with higher credit ratings and are more vulnerable to changes in the economy. Target Date and Asset Allocation Fund performance is dependent upon the subadvisor’s skill in determining the asset class allocations and the mix of underlying investments, as well as the performance of those underlying investments. The underlying investments’ performance may be lower than the performance of the asset class which they were selected to represent. The Funds are indirectly subjected to the investment risks of each underlying investment held. Cash investments include commercial paper, bank obligations, and some debt instruments of the Federal government. Their stability and short-term nature make them “liquid” or able to be quickly and easily turned into cash. Money Market Funds are not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or another government agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, you can lose money.
Securities products and services are offered through NYLIFE Securities LLC, 51 Madison Avenue, New York NY 10010. ClearPath Wealth Strategies, LLC is not owned or operated by NYLIFE Securities LLC or Its affiliates. This material is provided as a resource for information only. Neither New York Life Insurance Company, New York Life Investment Management LLC, their affiliates, nor their representatives provide legal, tax, or accounting advice. You are urged to consult your own legal and tax advisors for advice before implementing any plan. ”New York Life Investments” is both a service mark, and the common trade name, of certain investment advisors affiliated with New York Life Insurance Company. New York Life Investments, an indirect subsidiary of New York Life Insurance Company, New York, NY 10010, provides investment advisory products and services. Securities distributed by NYLIFE Distributors LLC, 30 Hudson Street, Jersey City, NJ 07302. NYLIFE Distributors LLC is a Member FINRA/SIPC.
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