Mutual funds are an easy way to own stocks, bonds or other securities without worrying about choosing individual securities yourself. A mutual fund pools the money of many investors to invest in a wide variety of different securities. Because mutual funds allow you to diversify your holdings, you reduce your investment risk by spreading out the investment among different stocks and/or investments. A Financial Consultant can help you select the fund(s) that would best meet your financial goals.

You should consider a mutual fund's investment objectives, risks, and charges and expenses carefully before investing. Contact your Financial Advisor to request a prospectus, which contains
this and other information about a specific mutual fund. Read it carefully before you invest.
Past performance is no guarantee of future results. Investment return and principal value of a
mutual fund will fluctuate causing shares, when redeemed, to be worth more or less than their original cost. Diversification does not assure against market loss.

Securities are offered by and Financial Consultants are registered with UVEST Financial Services, member NASD/SIPC. UVEST is independent of any financial institution. Members of the First Niagara Financial Group, Inc. do not offer tax advice. Please consult a tax advisor.
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