Municipal Fund Ads with Performance Data
Advertisements with performance data should also include a legend saying the following:
• Past performance does not guarantee future results
• The value and monetary return of an investment will vary over time and be worth more or less at redemption than its original cost
• Current performance may be lower or higher than the performance data included in the advertisement
The legend must be presented in close proximity to the performance data. The legend may not be placed in a footnote unless the performance data is also presented in a footnote.
Advertisements with performan