Seligman Investments

Seligman TargETFunds

Seligman TargETFund 2045^SM
Seligman TargETFund 2035^SM
Seligman TargETFund 2025^SM
Seligman TargETFund 2015^SM
Seligman TargETFund Core^SM

Each Seligman TargETFund, other than Seligman TargETFund Core, is a target-date mutual fund investing in an array of exchange-traded funds (ETFs) based on the Seligman Time Horizon Matrix® asset allocation and risk management strategy. This investment process includes automatic migration — the periodic reallocation of investments among different asset classes — in a manner designed to reduce volatility as the target date approaches.

Seligman TargETFunds offer investors:

Convenience — by providing a professionally-managed, diversified investment strategy, all in a single mutual fund
Upside Growth Potential — by investing in asset classes that historically have been more risky over the short term, but offer the potential for higher returns — especially when preparing for a long-term goal like retirement
Downside Risk Strategy— by shifting to less-risky asset classes that historically have provided lower, but more consistent, returns as your goal draws near
Diversification — by giving investors a built-in, all-in-one, hassle-free investment process in a single mutual fund

Seligman TargETFund 2045^SM	Fact Sheet Prospectus Statement of Additional Information Model Performance Grid Shareholder Report

Seligman TargETFund 2035^SM	Fact Sheet Prospectus Statement of Additional Information Model Performance Grid Shareholder Report

Seligman TargETFund 2025^SM	Fact Sheet Prospectus Statement of Additional Information Model Performance Grid Shareholder Report

Seligman TargETFund 2015^SM	Fact Sheet Prospectus Statement of Additional Information Model Performance Grid Shareholder Report

Seligman TargETFund Core^SM	Fact Sheet Prospectus Statement of Additional Information Model Performance Grid Shareholder Report

NOTES

Underlying ETFs generally will not be able to duplicate exactly the performance of the underlying indexes they seek to track, which can be due to, among other factors, the expenses that the Underlying ETF pays, regulatory constraints, investment strategies or techniques undertaken by an Underlying ETF (e.g., options and futures) and changes to an underlying index. In addition, there may exist a lack of correlation between the securities in an index and those actually held by an Underlying ETF, as well as a lack of correlation between the asset classes used to develop Seligman's asset allocation methodology and the Underlying ETFs.

Diversification does not assure a profit nor protect against loss in a declining market.

Past performance does not guarantee or indicate future results.

Investments in the Funds involve risks, including the possible loss of principal. The stocks of smaller and mid-cap companies may be subject to above-average market price fluctuations. Stocks of large-capitalization companies have at times experienced periods of volatility and negative performance. During such periods, the value of such stocks may decline and Fund performance may be negatively affected. There are specific risks associated with global investing, such as currency fluctuations, foreign taxation, differences in financial reporting practices, and rapid changes in political and economic conditions. Because of the risks associated with investing in securities of emerging market companies, such an investment should be considered speculative and not appropriate for individuals who require safety of principal or stable income from their investments. Investments in real estate securities may be subject to specific risks, such as risks to general and local economic conditions, and general risks associated with owning real estate. Fixed income securities are subject to interest-rate risk, credit risk, prepayment risk, and market risk. U.S. government bonds that are guaranteed by the U.S. government, if held to maturity, offer both a fixed rate of return and principal value.

This information is authorized for use only in the case of concurrent or prior delivery of the offering prospectus of the Fund. You should consider the investment objectives, risks, charges, and expenses of a Fund carefully before investing. A prospectus containing information about a Fund (including its investment objectives, risks, charges, expenses, and other information about the Fund) may be obtained here. The prospectus should be read carefully before investing in a Fund.

The Seligman Funds are managed by J. & W. Seligman & Co. Incorporated (Seligman). The Seligman Mutual Funds are distributed by Seligman Advisors, Inc. Seligman Services, Inc. provides client services to Fund shareholders. Seligman Advisors, Inc. and Seligman Services, Inc. are wholly-owned subsidiaries of Seligman.

Distributed by Seligman Advisors, Inc.