Annual Fund Operating Expenses
| ||Class A Shares|
|Distribution and Service (12b-1) Fees||0.25%|
|Other Expenses ||3.16%|
|Shareholder Service Fees ||0.15%|
|Total Annual Fund Operating Expenses ||4.52%|
|Less Expense Reimbursements1||(3.01%)|
|Net Annual Fund Operating Expenses||1.51%|
Maximum Sales Charge (Load) imposed on purchases (as a percentage of offering price)
of Class A shares is 5.75%. This sales charge varies depending upon how much is
invested. A 1.25% deferred sales charge (as a percentage of net asset value) will be imposed on purchases of $1,000,000
or more on Fund shares purchased without a front-end sales charge that are redeemed
within 18 months of purchase. See "Sales Charges" of the Prospectus.
This Example is intended to help you compare the cost of investing in the Fund with
the cost of investing in other mutual funds.
The Example assumes that you invest $10,000 in the Fund for the time periods indicated
and then redeem all of your shares at the end of those periods. The Example also
assumes that your investment has a 5% return each year and that Fund operating expenses
remain the same. Although your actual costs may be higher or lower, based on these
assumptions your costs would be :
| ||1 Year||3 Years||5 Years||10 Years|
|Class A Shares||$720||$1,606||$2,500||$4,772|
You would pay the following expenses if you did not redeem your shares :
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over“) its portfolio. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 142% of the average value of its portfolio.