U.S. Fund A Shares (without sales charge*) posted a return of 1.17% in first quarter 2026.
Relatively benign first quarter declines belie the severity of the selloff experienced following the February 28 attack on Iran by US and Israeli forces.
The primary economic disruption of the attack on Iran was the shock to the global energy supply chain.
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Market Overview
While a number of broad equity indexes established new all-time highs early in the new year, rumors of war and the war itself weighed on investor sentiment.
