7 Source: Invesco and Zephyr, as of December 31, 2014. US infrastructure average calculated using a simple average of annual returns of the S&P 600 Water Utilities, the S&P 500 Utilities Sector, and the S&P 500 Road and Rail indexes. US stocks represented by the S&P 500 Index.
8 Source: Zephyr StyleADVISOR, from January 2003 to June 2015, based on the Dow Jones Brookfield Global Infrastructure
Index correlation relative to US equities (the S&P 500 Index) and US fixed income (Barclay’s US Aggregate Index)
Important information
Dividend yield is the amount of dividends paid over the past year divided by a company’s share price.
Correlation is the degree to which two investments have historically moved in relation to each other.
The FTSE EPRA/NAREIT Developed Index is an unmanaged index considered representative of global real estate companies and REITs.
The MSCI World Index is an unmanaged index considered representative of stocks of developed countries.
The S&P 500® Index is an unmanaged index considered representative of the US stock market.
The consumer price index measures the prices consumers pay for a basket of consumer-based goods and services.
The Lipper Global Infrastructure Funds Category represents all funds Lipper deems global infrastructure funds.
The Dow Jones Brookfield Global Infrastructure Index measures the stock performance of companies that exhibit strong infrastructure characteristics.
Barclay’s US Aggregate Bond Index is an unmanaged index considered representative of the US investment-grade, fixed-rate bond market.
The S&P 600® Water Utilities Index is a float-adjusted, market-capitalization-weighted index representing the US small-cap market water utilities industry.
The S&P 500® Utilities Sector Index is an unmanaged index considered representative of the utilities market.
The S&P 500® Road Index is an unmanaged index considered representative of US toll road stocks.
The S&P 500® Rail Index is an unmanaged index considered representative of US rail stocks.
Diversification does not guarantee a profit or eliminate the risk of loss.
Investment in infrastructure-related companies may be subject to high interest costs in connection with capital construction programs, costs associated with environmental and other regulations, the effects of economic slowdown and surplus capacity, the effects of energy conservation policies, governmental regulation and other factors.