Disclosures

Banking products and services are provided by Capital One, N.A., member FDIC.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

Fundamental data, broker rating, EPS estimates and surprises are provided by Zacks Investment Research. www.zacks.com.

Where does this research content come from? See our Research Content Disclosure. Delayed quotes: NYSE, NASDAQ and Amex - at least 15 minutes delay. Cboe: Cboe Exchange real-time quotes may be delayed up to 10 minutes compared to a composite real-time quote. Cboe quotes include market cap information from outside sources that's delayed at least 15 minutes. OTC Data provided by OTC Markets Group Inc.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

The performance of an index is not a representation of any particular investment. Investors cannot invest directly in an index. Unmanaged indexes do not reflect management fees and transaction costs that are associated with some investments. Past performance is not a guarantee of future results. Standardized performance can be found by selecting the Details link in the security symbol fly out.

ETF research presented by Capital One Investing, LLC incorporates other types of exchange-traded products such as exchange-traded notes (ETNs).

ETF Investors: You should carefully consider an exchange-traded fund's investment objectives, risks, charges and expenses before investing. For a prospectus containing this and other important information, please visit the fund's detailed quote page, or contact a Capital One Investing Customer Service Associate. Please read the prospectus carefully before investing. Learn more about the differences between mutual funds and ETFs.

ETFs must be bought and sold through a broker-dealer such as Capital One Investing, LLC, which will involve the payment of commissions by you. ETFs are not directly redeemable and are subject to market volatility. When buying or selling an ETF, an investor will receive the prevailing market price. Dividends are not guaranteed, and not all ETFs include a dividend investment objective or strategy.

© 2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Where does this research content come from? See our Research Content Disclosure. Delayed quotes: NYSE, NASDAQ and Amex - at least 15 minutes delay. Cboe: Cboe Exchange real-time quotes may be delayed up to 10 minutes compared to a composite real-time quote. Cboe quotes include market cap information from outside sources that's delayed at least 15 minutes. OTC Data provided by OTC Markets Group Inc.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

Execution Prices: When buying, the actual execution price of your order may vary significantly from the 20-minute delayed quote for market orders, entered limit price for limit orders and entered stop price for stop orders. If your account does not have sufficient funds to pay for a transaction, Capital One Investing may be required to liquidate securities from your account at your risk.

Cancelling Market Orders: Given the speed in which market orders tend to execute when the markets are open, cancellation requests for market orders are not guaranteed, are made on a best efforts basis and are subject to prior execution. Learn more about cancellation requests.

Options Disclaimer: Options involve risk and are not suitable for all investors. Before investing in options, please read the Characteristics and Risks of Standardized Options.

Trading Disclaimer: When selling, the trade commission is deducted from the proceeds of the sale. Learn more about when sales proceeds can be used to purchase new securities or be withdrawn from your account.

Good Until Cancel Orders: "Good Until Cancel" orders will automatically expire after 60 calendar days for limit and stop orders. In some cases, your order may not be executed even if the security is trading at your specified limit or stop price or better after your order is entered.

Margin Disclaimer: Buying securities on margin is not appropriate for all investors. Before investing on margin, please read the Margin Account Agreement and see Capital One Investing's margin interest rates for important risk disclosure information.

Disclosures

Performance data represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Standardized performance can be found by selecting the Details link by the quote.

Options Disclaimer: Options involve risk and are not suitable for all investors. Before investing in options, please read the Characteristics and Risks of Standardized Options.

Trading Disclaimer: When selling, the trade commission is deducted from the proceeds of the sale. Learn more about when sales proceeds can be used to purchase new securities or be withdrawn from your account.

Good Until Cancel Orders: "Good Until Cancel" orders will automatically expire after 60 calendar days for limit and stop orders. In some cases, your order may not be executed even if the security is trading at your specified limit or stop price or better after your order is entered.

Low-Priced Securities: For trades that execute with an average price per share of less than $1.00, Capital One Investing, LLC will add a surcharge of $0.007 per share. The base commission plus surcharge will not exceed the lesser of $500 or 15 percent of the principal amount of the trade, but will not be less than your base commission.

Margin Disclaimer: Buying securities on margin is not appropriate for all investors. Before investing on margin, please read the Margin Account Agreement and see Capital One Investing's margin interest rates for important risk disclosure information.

Where does this research content come from? See our Research Content Disclosure. Delayed quotes: NYSE, NASDAQ and Amex - at least 15 minutes delay. Cboe: Cboe Exchange real-time quotes may be delayed up to 10 minutes compared to a composite real-time quote. Cboe quotes include market cap information from outside sources that's delayed at least 15 minutes. OTC Data provided by OTC Markets Group Inc.

Banking products and services are provided by Capital One, N.A., member FDIC.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

Performance data represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Standardized performance can be found by selecting the Details link by the quote.

Execution Prices: When buying, the actual execution price of your order may vary significantly from the 20-minute delayed quote for market orders, entered limit price for limit orders and entered stop price for stop orders. If your account does not have sufficient funds to pay for a transaction, Capital One Investing may be required to liquidate securities from your account at your risk.

Cancelling Market Orders: Given the speed in which market orders tend to execute when the markets are open, cancellation requests for market orders are not guaranteed, are made on a best efforts basis and are subject to prior execution. Learn more about cancellation requests.

Options Disclaimer: Options involve risk and are not suitable for all investors. Before investing in options, please read the Characteristics and Risks of Standardized Options.

Good Until Cancel Orders: "Good Until Cancel" orders will automatically expire after 60 calendar days for limit and stop orders. If the expiration date for an option order is reached before 60 calendar days, then the order will be expired on the option's expiration date. In some cases, your order may not be executed even if the security is trading at your specified limit or stop price or better after your order is entered.

Margin Disclaimer: Buying securities on margin is not appropriate for all investors. Before investing on margin, please read the Margin Account Agreement and see Capital One Investing's margin interest rates for important risk disclosure information.

Where does this research content come from? See our Research Content Disclosure. Delayed quotes: NYSE, NASDAQ and Amex - at least 15 minutes delay. Cboe: Cboe Exchange real-time quotes may be delayed up to 10 minutes compared to a composite real-time quote. Cboe quotes include market cap information from outside sources that's delayed at least 15 minutes. OTC Data provided by OTC Markets Group Inc.

Banking products and services are provided by Capital One, N.A., member FDIC.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

Cancelling Market Orders: Given the speed in which market orders tend to execute when the markets are open, cancellation requests for market orders are not guaranteed, are made on a best efforts basis and are subject to prior execution. Learn more about cancellation requests.

Options Disclaimer: Options involve risk and are not suitable for all investors. Before investing in options, please read the Characteristics and Risks of Standardized Options.

Good Until Cancel Orders: "Good Until Cancel" orders will automatically expire after 60 calendar days for limit and stop orders. In some cases, your order may not be executed even if the security is trading at your specified limit or stop price or better after your order is entered.

Banking products and services are provided by Capital One, N.A., member FDIC.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

Performance data represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. Standardized performance and performance data current to the most recent month-end can be found by selecting the Details link in the security symbol fly out.

The performance of an index is not a representation of any particular investment. Investors cannot invest directly in an index. Unmanaged indexes do not reflect management fees and transaction costs that are associated with some investments. Past performance is not a guarantee of future results.

Know your Greeks: Delta is a measure of an option's sensitivity to changes in the price of the underlying asset. Gamma is a measure of delta's sensitivity to changes in the price of the underlying asset. Rho is a measure of an option's value to change in time. Theta is a measure of an option's sensitivity to time decay. Vega is a measure of an option's sensitivity to changes in the volatility of the underlying asset.

Options Disclaimer: Options involve risk and are not suitable for all investors. Before investing in options, please read the Characteristics and Risks of Standardized Options.

ETF research presented by Capital One Investing, LLC incorporates other types of exchange-traded products such as exchange-traded notes (ETNs).

ETF Investors: You should carefully consider an exchange-traded fund's investment objectives, risks, charges and expenses before investing. For a prospectus containing this and other important information, please visit the fund's detailed quote page, or contact a Capital One Investing Customer Service Associate. Please read the prospectus carefully before investing. Learn more about the differences between mutual funds and ETFs.

ETFs must be bought and sold through a broker-dealer such as Capital One Investing, LLC, which will involve the payment of commissions by you. ETFs are not directly redeemable and are subject to market volatility. When buying or selling an ETF, an investor will receive the prevailing market price. Dividends are not guaranteed, and not all ETFs include a dividend investment objective or strategy.

Where does this research content come from? See our Research Content Disclosure. Delayed quotes: NYSE, NASDAQ and Amex - at least 15 minutes delay. Cboe: Cboe Exchange real-time quotes may be delayed up to 10 minutes compared to a composite real-time quote. Cboe quotes include market cap information from outside sources that's delayed at least 15 minutes. OTC Data provided by OTC Markets Group Inc.

Disclosures

The performance of an index is not a representation of any particular investment. Investors cannot invest directly in an index. Unmanaged indexes do not reflect management fees and transaction costs that are associated with some investments. Past performance is not a guarantee of future results. Standardized performance can be found by selecting the Details link in the security symbol fly out.

© 2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Mutal Fund Past Performance Data: Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value will fluctuate. Upon redemption, shares may be worth more or less than their original cost. The fund's current performance may be lower or higher than the performance data quoted. Recent historical performance data can be found on the fund family's website.

Mutual Fund Net Asset Value: The quotes represent the net asset value (NAV) of the fund and are updated once per market day, shortly after the market closes.

Mutual Fund Investors: You should carefully consider information contained in the prospectus, including investment objectives, risks, charges and expenses. For a prospectus containing this and other important information, please visit the fund's detailed quote page, or contact a Capital One Investing Customer Service Associate. Please read the prospectus carefully before investing.

Mutual Fund Compensation: Capital One Investing, LLC receives compensation from fund companies participating in its no-load, no-transaction fee program for recordkeeping, shareholder and other administrative services. For additional information, please review our Mutual Fund Disclosure.

Holdings:Any holdings, asset allocation, diversification breakdowns or other composition data shown are as of the date indicated and are subject to change at any time. As a result, they may not be representative of the fund's current or future investments.

Where does this research content come from? See our Research Content Disclosure. Delayed quotes: NYSE, NASDAQ and Amex - at least 15 minutes delay. Cboe: Cboe Exchange real-time quotes may be delayed up to 10 minutes compared to a composite real-time quote. Cboe quotes include market cap information from outside sources that's delayed at least 15 minutes. OTC Data provided by OTC Markets Group Inc.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

Banking products and services are provided by Capital One, N.A., member FDIC.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

Market value is calculated based on delayed quote data when markets are open. Market value is calculated based on last price when markets are closed.

Banking products and services are provided by Capital One, N.A., member FDIC.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

Important Information about the FDIC Insured Cash BalanceThe FDIC Insured Cash Balance is held at Capital One 360, a division of Capital One, N.A., member FDIC. The FDIC Insured Cash Balance will be eligible for FDIC insurance up to $250,000 (including interest and principal) per depositor for all aggregated deposits held at Capital One N.A.

Margin Trading: Margin trading involves risk and is not suitable for all investors. Before trading securities on margin, you should carefully read our Margin Account Agreement.

Important Money Market Fund Information:Performance data represents past performance and does not guarantee future results.The fund's most recent 7-day yield may be lower or higher than the figure quoted. Yield and return will vary.Performance data and other information may be obtained by viewing the detailed quote.Investors should carefully consider the investment objectives, risks, charges and expenses of the Money Market Fund before investing. This and other important information is contained in the prospectus which should be read carefully before investing.An investment in the fund is not a deposit in a bank, and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

Banking products and services are provided by Capital One, N.A., member FDIC.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

Market value is calculated based on delayed quote data when markets are open. Market value is calculated based on last price when markets are closed.

Your adjusted cost basis and gain/loss reflect the close of the previous market day. Gain & loss calculations use adjusted cost basis provided by Wolters Kluwer Financial Services Inc. This data is provided as a service and is not a reflection of your tax reporting liabilities. Please visit the Tax Center for more information on your taxable gains or losses.

ETF research presented by Capital One Investing, LLC incorporates other types of exchange-traded products such as exchange-traded notes (ETNs).

ETF Investors: You should carefully consider an exchange-traded fund's investment objectives, risks, charges and expenses before investing. For a prospectus containing this and other important information, please visit the fund's detailed quote page, or contact a Capital One Investing Customer Service Associate. Please read the prospectus carefully before investing. Learn more about the differences between mutual funds and ETFs.

ETFs must be bought and sold through a broker-dealer such as Capital One Investing, LLC, which will involve the payment of commissions by you. ETFs are not directly redeemable and are subject to market volatility. When buying or selling an ETF, an investor will receive the prevailing market price. Diversification does not guarantee a profit or protect against market losses. Dividends are not guaranteed, and not all ETFs include a dividend investment objective or strategy.

Mutual Fund Investors: You should carefully consider information contained in the prospectus, including investment objectives, risks, charges and expenses. For a prospectus containing this and other important information, please visit the fund's detailed quote page, or contact a Capital One Investing Customer Service Associate. Please read the prospectus carefully before investing.

Options Disclaimer: Options involve risk and are not suitable for all investors. Before investing in options, please read the Characteristics and Risks of Standardized Options.

Where does this research content come from? See our Research Content Disclosure. Delayed quotes: NYSE, NASDAQ and Amex - at least 15 minutes delay. Cboe: Cboe Exchange real-time quotes may be delayed up to 10 minutes compared to a composite real-time quote. Cboe quotes include market cap information from outside sources that's delayed at least 15 minutes. OTC Data provided by OTC Markets Group Inc.

Banking products and services are provided by Capital One, N.A., member FDIC.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

Execution Prices: When buying, the actual execution price of your order may vary significantly from the 20-minute delayed quote for market orders, entered limit price for limit orders and entered stop price for stop orders. If your account does not have sufficient funds to pay for a transaction, Capital One Investing may be required to liquidate securities from your account at your risk.

Cancelling Market Orders: Given the speed in which market orders tend to execute when the markets are open, cancellation requests for market orders are not guaranteed, are made on a best efforts basis and are subject to prior execution. Learn more about cancellation requests.

Good Until Cancel Orders: "Good Until Cancel" orders will automatically expire after 60 calendar days for limit and stop orders. If the expiration date for an option order is reached before 60 calendar days, then the order will be expired on the option's expiration date. In some cases, your order may not be executed even if the security is trading at your specified limit or stop price or better after your order is entered.

Where does this research content come from? See our Research Content Disclosure. Delayed quotes: NYSE, NASDAQ and Amex - at least 15 minutes delay. Cboe: Cboe Exchange real-time quotes may be delayed up to 10 minutes compared to a composite real-time quote. Cboe quotes include market cap information from outside sources that's delayed at least 15 minutes. OTC Data provided by OTC Markets Group Inc.

Banking products and services are provided by Capital One, N.A., member FDIC.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

Execution Prices: When buying, the actual execution price of your order may vary significantly from the 20-minute delayed quote for market orders, entered limit price for limit orders and entered stop price for stop orders. If your account does not have sufficient funds to pay for a transaction, Capital One Investing may be required to liquidate securities from your account at your risk.

Cancelling Market Orders: Given the speed in which market orders tend to execute when the markets are open, cancellation requests for market orders are not guaranteed, are made on a best efforts basis and are subject to prior execution. Learn more about cancellation requests.

Low-Priced Securities: For trades that execute with an average price per share of less than $1.00, Capital One Investing, LLC will add a surcharge of $0.007 per share. The base commission plus surcharge will not exceed the lesser of $500 or 15 percent of the principal amount of the trade, but will not be less than your base commission.

Good Until Cancel Orders: "Good Until Cancel" orders will automatically expire after 60 calendar days for limit and stop orders. If the expiration date for an option order is reached before 60 calendar days, then the order will be expired on the option's expiration date. In some cases, your order may not be executed even if the security is trading at your specified limit or stop price or better after your order is entered.

Where does this research content come from? See our Research Content Disclosure. Delayed quotes: NYSE, NASDAQ and Amex - at least 15 minutes delay. Cboe: Cboe Exchange real-time quotes may be delayed up to 10 minutes compared to a composite real-time quote. Cboe quotes include market cap information from outside sources that's delayed at least 15 minutes. OTC Data provided by OTC Markets Group Inc.

Banking products and services are provided by Capital One, N.A., member FDIC.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

Estimates are calculated using the mutual fund’s net asset value (NAV) price as of the close of the prior market day. When the order executes, you will receive the price that is calculated for the designated trade date.

Mutual Fund Early Redemption Policy: Capital One Investing, LLC, reserves the right to charge $49.95 on the redemption or exchange of shares of any no-load, no-transaction fee mutual fund that is held less than 90 days, except for money market funds. This charge is in addition to any applicable charges or expenses addressed in the fund's prospectus.

Mutual Fund Excessive Trading Policy: Capital One Investing, LLC, has adopted an Excessive Trading Policy to respond to the demands of the mutual fund families - which make their funds available through Capital One Investing accounts - to discourage market timing and excessive trading activity in mutual funds.

Mutual Fund Trades: Mutual fund orders placed prior to the fund's cutoff time will receive the net asset value "(NAV)" calculated on that market day. Orders placed after the cutoff will receive the NAV calculated on the next market day. The cutoff time for all mutual funds orders is 3:30pm (ET) on market days, excluding days when the market closes early when the cutoff time is 30 minutes prior to market close.

Banking products and services are provided by Capital One, N.A., member FDIC.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

Execution Prices: When buying, the actual execution price of your order may vary significantly from the 20-minute delayed quote for market orders, entered limit price for limit orders and entered stop price for stop orders. If your account does not have sufficient funds to pay for a transaction, Capital One Investing may be required to liquidate securities from your account at your risk.

Cancelling Market Orders: Given the speed in which market orders tend to execute when the markets are open, cancellation requests for market orders are not guaranteed, are made on a best efforts basis and are subject to prior execution. Learn more about cancellation requests.

Low-Priced Securities: For trades that execute with an average price per share of less than $1.00, Capital One Investing, LLC will add a surcharge of $0.007 per share. The base commission plus surcharge will not exceed the lesser of $500 or 15 percent of the principal amount of the trade, but will not be less than your base commission.

Options Disclaimer: Options involve risk and are not suitable for all investors. Before investing in options, please read the Characteristics and Risks of Standardized Options.

Good Until Cancel Orders: "Good Until Cancel" orders will automatically expire after 60 calendar days for limit and stop orders. If the expiration date for an option order is reached before 60 calendar days, then the order will be expired on the option's expiration date. In some cases, your order may not be executed even if the security is trading at your specified limit or stop price or better after your order is entered.

Where does this research content come from? See our Research Content Disclosure. Delayed quotes: NYSE, NASDAQ and Amex - at least 15 minutes delay. Cboe: Cboe Exchange real-time quotes may be delayed up to 10 minutes compared to a composite real-time quote. Cboe quotes include market cap information from outside sources that's delayed at least 15 minutes. OTC Data provided by OTC Markets Group Inc.

Banking products and services are provided by Capital One, N.A., member FDIC.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

Banking services also provided by Capital One Bank (USA), N.A. and Capital One, N.A., members FDIC.

Trading Disclaimer: When selling, the trade commission is deducted from the proceeds of the sale. Learn more about when sales proceeds can be used to purchase new securities or be withdrawn from your account.

Good Until Cancel Orders: "Good Until Cancel" orders will automatically expire after 60 calendar days for limit and stop orders. In some cases, your order may not be executed even if the security is trading at your specified limit or stop price or better after your order is entered.

ETF Investors: You should carefully consider an exchange-traded fund's investment objectives, risks, charges and expenses before investing. For a prospectus containing this and other important information, please visit the fund's detailed quote page, or contact a Capital One Investing Customer Service Associate. Please read the prospectus carefully before investing. Learn more about the differences between mutual funds and ETFs.

Where does this research content come from? See our Research Content Disclosure. Delayed quotes: NYSE, NASDAQ and Amex - at least 15 minutes delay. Cboe: Cboe Exchange real-time quotes may be delayed up to 10 minutes compared to a composite real-time quote. Cboe quotes include market cap information from outside sources that's delayed at least 15 minutes. OTC Data provided by OTC Markets Group Inc.

Disclosures

Execution Prices: When buying, the actual execution price of your order may vary significantly from the 20-minute delayed quote for market orders, entered limit price for limit orders and entered stop price for stop orders. If your account does not have sufficient funds to pay for a transaction, Capital One Investing may be required to liquidate securities from your account at your risk.

Cancelling Market Orders: Given the speed in which market orders tend to execute when the markets are open, cancellation requests for market orders are not guaranteed, are made on a best efforts basis and are subject to prior execution. Learn more about cancellation requests.

Low-Priced Securities: For trades that execute with an average price per share of less than $1.00, Capital One Investing, LLC will add a surcharge of $0.007 per share. The base commission plus surcharge will not exceed the lesser of $500 or 15 percent of the principal amount of the trade, but will not be less than your base commission.

Good Until Cancel Orders: "Good Until Cancel" orders will automatically expire after 60 calendar days for limit and stop orders. In some cases, your order may not be executed even if the security is trading at your specified limit or stop price or better after your order is entered.

ETF Investors: You should carefully consider an exchange-traded fund's investment objectives, risks, charges and expenses before investing. For a prospectus containing this and other important information, please visit the fund's detailed quote page, or contact a Capital One Investing Customer Service Associate. Please read the prospectus carefully before investing. Learn more about the differences between mutual funds and ETFs.

Where does this research content come from? See our Research Content Disclosure. Delayed quotes: NYSE, NASDAQ and Amex - at least 15 minutes delay. Cboe: Cboe Exchange real-time quotes may be delayed up to 10 minutes compared to a composite real-time quote. Cboe quotes include market cap information from outside sources that's delayed at least 15 minutes. OTC Data provided by OTC Markets Group Inc.

Disclosures

Cancelling Market Orders: Given the speed in which market orders tend to execute when the markets are open, cancellation requests for market orders are not guaranteed, are made on a best efforts basis and are subject to prior execution. Learn more about cancellation requests.

Low-Priced Securities: For trades that execute with an average price per share of less than $1.00, Capital One Investing, LLC will add a surcharge of $0.007 per share. The base commission plus surcharge will not exceed the lesser of $500 or 15 percent of the principal amount of the trade, but will not be less than your base commission.

Trading Disclaimer: When selling, the trade commission is deducted from the proceeds of the sale. Learn more about when sales proceeds can be used to purchase new securities or be withdrawn from your account.

Good Until Cancel Orders: "Good Until Cancel" orders will automatically expire after 60 calendar days for limit and stop orders. In some cases, your order may not be executed even if the security is trading at your specified limit or stop price or better after your order is entered.

Disclosures

Where does this research content come from? See our Research Content Disclosure. Delayed quotes: NYSE, NASDAQ and Amex - at least 15 minutes delay. Cboe: Cboe Exchange real-time quotes may be delayed up to 10 minutes compared to a composite real-time quote. Cboe quotes include market cap information from outside sources that's delayed at least 15 minutes. OTC Data provided by OTC Markets Group Inc.

Securities products are offered by Capital One Investing, LLC, a registered broker-dealer and Member FINRA/SIPC. Advisory services are provided by Capital One Advisors, LLC, an SEC registered investment advisor. Insurance products are offered through Capital One Agency LLC. All are subsidiaries of Capital One Financial Corporation.

Disclosures

The performance of an index is not a representation of any particular investment. Investors cannot invest directly in an index. Unmanaged indexes do not reflect management fees and transaction costs that are associated with some investments. Past performance is not a guarantee of future results. Standardized performance can be found by selecting the Details link in the security symbol fly out.
Mutual Fund / ETF Rating Disclosure

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on how a fund ranks on a Morningstar Risk-Adjusted Return measure against other funds in the same category. This measure takes into account variations in a fund's monthly performance after adjusting for sales loads (except for load-waived A shares) redemption fees, and the risk-free rate, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the ratings for the three-, five- and ten-year (if applicable) time periods. Load-waived A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan). Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load. Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load. Past performance is no guarantee of future results. The Morningstar Rating may differ among share classes of a mutual fund as a result of different sales loads and/or expense structure.

© 2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Stock Rating Disclosure

The Morningstar Rating for stocks identifies stocks trading at a discount or premium to their intrinsic value. Five-star stocks sell for the biggest risk-adjusted discount whereas one-star stocks trade at premiums to their intrinsic value. Based on a fundamentally focused methodology and a robust, standardized set of procedures and core valuation tools used by Morningstar's Equity Analysts, four key components drive the Morningstar Rating: 1. Assessment of the firm's economic moat, 2. Estimate of the stock's fair value, 3. Uncertainty around that fair value estimate and 4. Current market price. Further information on Morningstar's methodology is available from http://global.morningstar.com/equitydisclosures.

© 2016 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Fundamental data, broker rating, EPS estimates and surprises are provided by Zacks Investment Research. www.zacks.com.

ETF research presented by Capital One Investing, LLC incorporates other types of exchange-traded products such as exchange-traded notes (ETNs).

ETF Investors: You should carefully consider an exchange-traded fund's investment objectives, risks, charges and expenses before investing. For a prospectus containing this and other important information, please visit the fund's detailed quote page, or contact a Capital One Investing Customer Service Associate. Please read the prospectus carefully before investing. Learn more about the differences between mutual funds and ETFs.

ETFs must be bought and sold through a broker-dealer such as Capital One Investing, LLC, which will involve the payment of commissions by you. ETFs are not directly redeemable and are subject to market volatility. When buying or selling an ETF, an investor will receive the prevailing market price. Dividends are not guaranteed, and not all ETFs include a dividend investment objective or strategy.

Mutal Fund Past Performance Data: Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value will fluctuate. Upon redemption, shares may be worth more or less than their original cost. The fund's current performance may be lower or higher than the performance data quoted. Recent historical performance data can be found on the fund family's website.

Mutual Fund Net Asset Value: The quotes represent the net asset value (NAV) of the fund and are updated once per market day, shortly after the market closes.

Mutual Fund Investors: You should carefully consider the information contained in the prospectus, including investment objectives, risk, charges and expenses. This and other important information is contained in the prospectus. Please read it carefully before investing.

Mutual Fund Compensation: Capital One Investing, LLC receives compensation from fund companies participating in its no-load, no-transaction fee program for recordkeeping, shareholder and other administrative services. For additional information, please review our Mutual Fund Disclosure.

Holdings:Any holdings, asset allocation, diversification breakdowns or other composition data shown are as of the date indicated and are subject to change at any time. As a result, they may not be representative of the fund's current or future investments.

Where does this research content come from? See our Research Content Disclosure. Delayed quotes: NYSE, NASDAQ and Amex - at least 15 minutes delay. Cboe: Cboe Exchange real-time quotes may be delayed up to 10 minutes compared to a composite real-time quote. Cboe quotes include market cap information from outside sources that's delayed at least 15 minutes. OTC Data provided by OTC Markets Group Inc.

Disclosures

As a self-directed investor, you are solely responsible for carefully considering the appropriateness of any investment in light of your own personal financial circumstances including cash flow needs, unusual tax implications or other complex or subjective concerns. It is solely up to you to consider whether any investment is suitable for your individual circumstances. Additionally, market conditions and your personal financial situation may change - perhaps suddenly or maybe gradually over time. It is solely up to you to reassess any investment program, including PortfolioBuilder, on a regular basis to ensure that it remains consistent with your current financial resources and investing objectives.

By choosing to use this tool, be aware that Capital One Investing is not analyzing your investing style, investment portfolio, your individual circumstances, or recommending what securities you should buy, hold, or sell in your account.

The inclusion of any particular funds or fund families by the PortfolioBuilder tool is intended to provide general information and should not be considered an individualized recommendation or personalized investment advice. No reference to any particular fund or fund family should be construed as a recommendation or considered as an offer to sell or a solicitation to buy any securities.

Monitoring and adjusting your investments to suit those changes are solely your responsibility. If you choose to rebalance your portfolio to address those changes, you are solely responsible for any costs associated with the transactions.
Diversification does not guarantee a profit or protect against market losses.

ETF Investors: You should carefully consider an exchange-traded fund's investment objectives, risks, charges and expenses before investing. For a prospectus containing this and other important information, please visit the fund's detailed quote page, or contact a Capital One Investing Customer Service Associate. Please read the prospectus carefully before investing. Learn more about the differences between mutual funds and ETFs.

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