For more complete information on any mutual fund, please request a prospectus from your Financial Advisor, and read it carefully. Before investing, carefully consider the investment objectives, risks, and charges and expenses of the fund. This and other information can be found in the fund’s prospectus.



 

 

1 “What Is Socially Responsible Investing?” Social Investment Forum, http://www.socialinvest.org/resources/sriguide/.

2 2007 Merrill Lynch/Capgemini World Wealth Report, http://www.ml.com/media/79882.pdf, p. 19,

3 World Wealth Report, http://www.ml.com/media/79882.pdf, p. 20.

4 “2005 Report on Socially Responsible Investing Trends in the United States,” Social Investment Forum, http://www.socialinvest.org/pdf/research/Trends/2005 Trends Report.pdf, p. 6.

5 Christopher Charles Geczy, Robert F. Stambaugh and David Levin, “Investing in Socially Responsible Mutual Funds” (October 2005). Available at Social Science Research Network: http://ssrn.com/abstract=416380.

6 Rogér Otten, Rob Bauer and Kees C. G. Koedijk, “International Evidence on Ethical Mutual Fund Performance and Investment Style,” LIFE Working Paper No. 02.59, Social Science Research Network (March 7, 2002), papers.ssrn.com/sol3/papers.cfm?abstract_id=325702

 

The Private Banking and Investment Group is a division of Merrill Lynch that offers a broad array of personalized wealth management products and services. Both brokerage and investment advisory services (including financial planning) are offered by the Group’s Private Wealth Advisors through Merrill Lynch, Pierce, Fenner & Smith Incorporated (MLPF&S), a registered broker-dealer and registered investment advisor. The nature and degree of advice and assistance provided, the fees charged and client rights and Merrill Lynch’s obligations will differ among these services. Investment products offered by MLPF&S are not insured by the FDIC and are not guaranteed by Merrill Lynch or any of its affiliates. The banking, credit and trust services sold by the Group’s Private Wealth Advisors are offered by licensed banks and trust companies, including Merrill Lynch Bank USA and Merrill Lynch Bank & Trust Co., FSB (Members FDIC), or their affiliates. Investments involve risk, including the possible loss of principal investment.

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