Wachovia Corporation News
Evergreen Investments Announces Change to Product Line
In order to describe more clearly the flexible and dynamic investment approach of portfolio manager
In addition, the investment strategy for Evergreen Balanced Fund and Evergreen VA Balanced Fund also will be changed to provide additional flexibility relating to the Funds' investment in fixed income securities. The Funds' strategy will be changed to reflect that, under normal circumstances, the Funds will typically invest approximately 10 to 30 percent of their assets in fixed income securities.
Both the name and investment strategy change will be effective
Mutual Funds: NOT FDIC INSURED | NOT BANK GUARANTEED | MAY LOSE VALUE
About Evergreen Investments
Evergreen Investments is the brand name under which Wachovia Corporation (NYSE: WB) conducts its investment management business. Wachovia Global Asset Management is the brand name under which Evergreen Investments conducts sales and distribution business outside of the
Asset-backed and mortgage-backed securities are generally subject to higher prepayment risks than other types of debt securities, which can limit the potential for gain in a declining interest rate environment and increase the potential for loss in a rising interest rate environment. Mortgage-backed securities may also be structured so that they are particularly sensitive to interest rates. Derivatives involve additional risks including interest rate risk, credit risk, the risk of improper valuation and the risk of non- correlation to the relevant instruments they are designed to hedge or to closely track. Foreign investments may contain more risk due to the inherent risks associated with changing political climates, foreign market instability and foreign currency fluctuations. High yield, lower-rated bonds may contain more risk due to the increased possibility of default. Lipper Classification Median. Lipper, Inc. is an independent monitor of mutual fund performance. Medians are the calculated performance midpoint of all the mutual funds in the Lipper category. Categories are groups of mutual funds defined by Lipper, with similar investment objectives. It is not possible to invest directly in a median. Mid cap securities may be subject to special risks associated with narrower product lines and limited financial resources compared to their large cap counterparts, and, as a result, mid cap securities may decline significantly in market downturns. The fund's investment objective may be changed without a vote of the fund's shareholders. The return of principal is not guaranteed due to fluctuation in the fund's NAV caused by changes in the price of individual bonds held by the fund and the buying and selling of bonds by the fund. Bond funds have the same inflation, interest rate and credit risks as individual bonds. Generally, the value of bond funds rises when prevailing interest rates fall, and falls when interest rates rise. The stocks of smaller companies may be more volatile than those of larger companies due to the higher risk of failure. U.S. government guarantees apply only to certain securities held in the fund's portfolio and not to the fund's shares.
AN INVESTOR SHOULD CONSIDER THE FUND'S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES CAREFULLY BEFORE INVESTING OR SENDING MONEY. THIS AND OTHER IMPORTANT INFORMATION ABOUT THE INVESTMENT COMPANY CAN BE FOUND IN THE FUND'S PROSPECTUS. TO OBTAIN A PROSPECTUS, PLEASE CONTACT YOUR FINANCIAL ADVISOR, CALL EVERGREEN'S INVESTMENT SERVICES CENTER AT 800.343.2898 OR VISIT EVERGREENINVESTMENTS.COM. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE INVESTING.
Evergreen mutual funds are distributed by Evergreen Investment Services, Inc. 200 Berkeley Street,
Evergreen Investments(SM) is a service mark of Evergreen Investment Management Company, LLC. Copyright 2008. Evergreen Investment Management Company, LLC.
SOURCE Evergreen Investments
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