Building Long-Term Wealth

Goal: Building Long-Term Wealth

Help achieve your long-term goals through international/domestic equity products and commodities.

3 Steps You Can Take Today

Help achieve your long-term goals through international/domestic equity products and commodities.

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There can be no assurance that investment objectives or goals will be met.

All investments are subject to market risk, including possible loss of principal. Diversification does not ensure a profit or protect against a loss in a declining market.

Important Considerations and Risk Disclosures

Bonds are subject to interest rate risk and can lose principal value when interest-rates rise. Bonds are also subject to credit risk, which is the possibility that the bond issuer may fail to pay interest and principal in a timely manner.

Foreign securities can 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 in developed markets.

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. There is no assurance that investment objectives will be met. It is possible to lose money while investing in securities.

Interest on municipal bonds is generally exempt from federal income tax. Some bonds may be subject to the alternative minimum tax. Typically, state tax-exemption applies if the securities are issued within one’s state of residence and local tax-exemption usually applies if the securities are issued within one’s city residence. The tax exempt status of municipal bonds may be changed by legislative process, which could affect their value and marketability.

Small and mid-cap stocks are often more volatile than large-cap stocks. Smaller companies generally face higher risks due to their limited product lines, markets, and financial markets.

Stocks are considered to be at greater risk during times of extremely high valuations than at times of low or moderate valuations. The other risks associated with investing in stocks are economic risk, inflation, and market value risk. There are also additional risks associated with investing in small, international, and high-yield stocks. Dividends are not guaranteed.

Treasury securities are backed by the full faith and credit of the U.S. government as to payment of principal and interest if held to maturity. Interest income on these securities is exempt from state and local taxes.

Investing in commodities entails significant risks. The commodities markets may fluctuate widely based on a variety of factors including changes in supply and demand relationships; governmental programs and policies; national and international political and economic events; war and terrorist events; changes in interest and exchange rates; trading activities in commodities and related contracts; pestilence; weather; technological change; and, the price volatility of a commodity. In addition, the commodities markets are subject to temporary distortions or other disruptions due to various factors, including lack of liquidity, participation of speculators and government intervention.

Alternative strategy mutual funds and ETFs may employ various investment strategies and techniques for both hedging and more speculative purposes such as short-selling, leverage, derivatives and options, which can increase volatility and the risk of investment loss. Non-traditional investment options and strategies are often employed by a fund or ETF manager to further a fund’s or ETF’s investment objective and to help offset market risks. However, these features may be complex, making it more difficult to understand the fund’s/ETF’s essential characteristics and risks, and how it will perform in different market environments and over various periods of time. They may also expose the fund/ETF to increased volatility and unanticipated risks, particularly when used in complex combinations and/or accompanied by the use of borrowing or “leverage.”

For more information about MainStay Funds, call 800-MAINSTAY (624-6782) for a prospectus or summary prospectus. For more information about IndexIQ Funds, call 888-934-0777 for a prospectus or summary prospectus. Investors are asked to consider the investment objectives, risks, and charges and expenses of the investment company carefully before investing. The prospectus or summary prospectus contains this and other information about the investment company. Please read the prospectus carefully before investing.

ALPS Distributors, Inc. (ALPS) is the principal underwriter of the ETFs and NYLIFE Distributors LLC is the distributor of the ETFs and the IQ Hedge Multi-Strategy Plus Fund. NYLIFE Distributors LLC is located at 30 Hudson Street, Jersey City, NJ 07302. ALPS Distributors, Inc. is not affiliated with NYLIFE Distributors LLC.

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