Shareholder Account Information—Initial Sales Charges (Class A Shares Only)
Unless you are eligible for a sales charge reduction or a waiver, as set out in Appendix A to theProspectus, an initial sales charge applies to all other purchases of Class A Shares. The sales charge is imposedon Class A Shares of the Fund at the time of purchase in accordance with the following schedule:

Amount of Investment

Sales Charge
as % of theOffering Price(1)Sales Charge
as % ofAmount Invested

Reallowance
toBroker-Dealers

4.75%
4.25%
3.50%
2.50%
2.00%
None

4.99%
4.44%
3.63%
2.56%
2.04%
None

4.75%
4.25%
3.50%
2.50%
2.00%
None

Less than $50,000$50,000 but under $100,000$100,000 but under $250,000$250,000 but under $500,000$500,000 but under $1 million$1 million or more(2)(1)(2)

Includes front-end sales load.
No sales charge is payable at the time of purchase on investments of $1 million or more, although for suchinvestments the Fund will impose a CDSC of 1.00% on redemptions made within 18 months of thepurchase. If imposed, the CDSC is based on the original cost of the shares being redeemed.
No sales charge is imposed on reinvestment of distributions selected in advance of the distributions.

Breakpoints or Volume Discounts—(Class A Shares Only)
The Fund offers you the benefit of discounts on the sales charges that apply to purchases of Class A
Shares in certain circumstances. These discounts, which are also known as breakpoints, can reduce or, in someinstances, eliminate the initial sales charges that would otherwise apply to your investment in Class A Shares.
Mutual funds are not required to offer breakpoints and different mutual fund groups may offer different typesof breakpoints.
Breakpoints or Volume Discounts allow larger investments in Class A Shares to be charged lower
sales charges. If you invest $50,000 or more in Class A Shares of the Fund, then you are eligible for a reduced
sales charge. Initial sales charges are eliminated completely for purchases of $1,000,000 or more, although a
1% CDSC will apply if shares are redeemed within eighteen months after purchase.
The Adviser may pay a sales commission of up to 1.00% of the offering price of Class A Shares tobrokers that initiate and are responsible for purchases of $1,000,000 or more. This does not apply with respect
to shares purchased by “advisory accounts” for the benefit of clients of broker-dealers, financial advisers orother financial institutions; provided the broker-dealer, financial adviser or financial institution charges its
client(s) an advisory fee based on the assets under management on an annual basis.
Sales Charge Reductions and Waivers—(Class A Shares Only)
Reduced sales charges are available to (1) investors who are eligible to combine their purchases ofClass A Shares to receive Volume Discounts and (2) investors who sign a Letter of Intent (the “Letter”)
agreeing to make purchases over time. Certain types of investors are eligible for sales charge waivers.

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You may qualify for a reduced sales charge, or a waiver of sales charges, on purchases of Class AShares. The requirements are described in the following paragraphs. To receive a reduction that you qualifyfor, you may have to provide additional information to your broker or other service agent. For more
information about sales charge discounts and waivers, consult with your broker or other service provider.
Additional information can be found in Appendix A, “Sales Charge Reductions and Waivers Available ThroughCertain Intermediaries,” attached to the Fund’s Prospectus.
Volume Discounts/Rights Of Accumulation. You may qualify for a reduced sales charge bycombining a new purchase (or combined purchases as described below) with shares previously purchased andstill owned; provided the cumulative value of such shares (valued at NAV) amounts to $50,000 or more. Indetermining the shares previously purchased, the calculation will include, in addition to other Class A shares ofany other open-end investment company managed by the Adviser or its affiliates that were previously
purchased, shares of other classes of the Fund, as well as shares of any class of any other open-end investmentcompany managed by the Adviser or its affiliates. In order to determine whether you qualify for a reduced
sales charge, you may combine your new purchase with shares previously purchased and still owned withthose of your immediate family (spouse and children under 21), your and their IRAs and other employee
benefit plans and trusts and other fiduciary accounts for your and their benefit. You may also include shares ofany class of any other open-end investment company managed by the Adviser or its affiliates that are held in
any of the foregoing accounts. If the new purchase is made directly through the Transfer Agent, only shares
held directly at the Transfer Agent may apply toward the rights of accumulation. Shares held in the name of anominee or custodian under pension, profit-sharing or other employee benefit plans may not be combined withother shares to qualify for the rights of accumulation. The Fund uses the current NAV of these holdings whencombining them with new and existing investments for purposes of determining whether you qualify for therights of accumulation. In order to receive a sales charge reduction under this program, you must provide
certain information or records to permit verification that the purchase qualifies for a reduction as described
below under “Required Shareholder Information and Records.”
Letter of Intent. By signing a Letter of Intent (LOI) you can reduce your Class A sales charge. Your
individual purchases will be made at the applicable sales charge based on the amount you intend to invest overa 13-month period. The LOI will apply to all purchases of Class A Shares. Any shares purchased within
90 days of the date you sign the letter of intent may be used as credit toward completion, but the reduced sales
charge will only apply to new purchases made on or after that date. Purchases resulting from the reinvestmentof dividends and capital gains do not apply toward fulfillment of the LOI. Shares equal to 4.75% of the amountof the LOI will be held in escrow during the 13-month period. If, at the end of that time the total amount ofpurchases made is less than the amount intended, you will be required to pay the difference between the
reduced sales charge and the sales charge applicable to the individual purchases had the LOI not been in effect.
This amount will be obtained from redemption of the escrow shares. Any remaining escrow shares will bereleased to you.
Required Shareholder Information and Records. In order for you to take advantage of sales charge
reductions, you or your broker must notify the Fund that you qualify for a reduction. Without notification, theFund is unable to ensure that the reduction is applied to your account. You may have to provide information orrecords to your broker or the Fund to verify eligibility for breakpoint privileges or other sales charge waivers.
This may include information or records, including account statements, regarding shares of the Fund or sharesof any other open-end investment company managed by the Adviser or its affiliates held in:• all of your accounts at the Fund or a broker;• any Fund account of yours at another broker; and• Fund accounts of related parties of yours, such as members of the same family, at any broker.
You should therefore keep copies of these types of records.

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Investors Eligible For Sales Charge Waivers. Class A Shares of the Fund may be offered without asales charge to: (1) any other investment company in connection with the combination of such company with
the Fund by merger, acquisition of assets, or otherwise; (2) any unit investment trusts registered under the1940 Act which have shares of the Fund as a principal investment; (3) persons investing in certain fee-based
programs under which they pay advisory fees to a broker-dealer or other financial institution that has enteredinto an agreement with the Fund and/or its Distributor; and (4) financial intermediaries who have entered into
an agreement with the Fund and/or its Distributor to offer shares to self-directed investment brokerage
accounts that may or may not charge a transaction fee to its customers.
In addition, shareholders who redeemed Class A shares of the Fund that were originally subject to afront-end sales load may buy back Class A shares of the Fund into the same shareholder account within
45 days of the redemption date without paying a sales charge on the reinstated shares. The amount eligible tobe repurchased under this Reinstatement Privilege may not exceed the amount of your redemption proceeds
originally received from the reinstated shares. Reinstatements will be priced at the Fund’s current NAV. To
exercise this Reinstatement Privilege, you must notify your financial consultant or the Fund’s Transfer Agent at
the time of your transaction that you believe you qualify for the privilege.
Additional categories of sales charge reductions and waivers are also set out in Appendix A to theFund’s Prospectus. Investors who qualify under any of the categories described above or those set out inAppendix A to the Fund’s Prospectus should contact their brokerage firm. Some of these investors may also
qualify to invest in Class I Shares.
Shareholder Account Information—(Class C Shares Only)
The Distributor pays a sales commission of up to 1.00% of the purchase price of Class C Shares ofthe Fund at the time of sale to brokers who initiate and are responsible for purchases of such Class C Shares ofthe Fund. These payments to brokers are financed solely by the Adviser. The Adviser will subsequently bereimbursed for the payments it has financed. As described more fully below under the section of theProspectus entitled “Rule 12b-1 Plans,” you will also pay distribution and service fees of 1.00% each year
under a distribution plan that the Fund has adopted for Class C Shares under Rule 12b-1. Proceeds from theCDSC and the 1.00% distribution plan payments made in the first year after purchase are paid to theDistributor and are used in whole or in part by the Distributor to pay the Adviser for financing the 1.00% upfront commission to brokers who sell Class C Shares. During the first year, the Adviser may retain the full
1.00% Rule 12b-1 fee to recoup the up-front payment made at the time of purchase. Once the Distributor has
reimbursed the Adviser for the amounts financed, brokers will receive from the Distributor the ongoing
Rule 12b-1 fees associated with their clients’ investments in Class C Shares.
Class C Shares Conversion Feature. Class C Shares will convert automatically into Class A Sharesten years after the original date of purchase or, if you acquired your Class C Shares through an exchange orconversion from another share class, ten years after the date you acquired your Class C Shares. When Class C
Shares that you acquired through a purchase or exchange convert, any other Class C Shares that you purchasedwith reinvested distributions also will convert into Class A Shares on a pro rata basis. A shorter holding period
may apply depending on your financial intermediary.
Contingent Deferred Sales Charges—(Class A and Class C Shares Only)
You will pay a CDSC when you redeem:• Class A Shares within eighteen months of buying them as part of an investment greater than
$1 million if no front-end sales charge was paid at the time of purchase; and• Class C Shares within twelve months of buying them.
The CDSC payable upon redemption of Class A Shares and Class C Shares in the circumstances
described above is 1.00%. Your CDSC will be based on the original cost of the shares being redeemed.

35You will not pay a CDSC to the extent that the value of the redeemed shares represents reinvestment
of distributions or capital appreciation of shares redeemed. When you redeem shares, we will assume that you
are first redeeming shares representing reinvestment of distributions, then any appreciation on shares
redeemed, and then any remaining shares held by you for the longest period of time. We will calculate theholding period of shares acquired through an exchange of shares of another fund from the date you acquired
the original shares of the other fund. Certain financial intermediaries may have procedures which differ fromthose of the Fund with regards to calculation of the holding period of shares acquired through an exchange.
Investors should refer to their intermediary’s policies.
We will waive the CDSC payable upon redemptions of shares for:• redemptions and distributions from retirement plans made after the death or disability of ashareholder;• minimum required distributions made from an IRA or other retirement plan account after you reachage 701⁄2;• involuntary redemptions made by the Fund;• a distribution from a tax-deferred retirement plan after your retirement; and• returns of excess contributions to retirement plans following the shareholder’s death or disability.
Additionally, shareholders who reinvest the full value of their Class C redemption proceeds back into
Class C shares of the Fund in the same shareholder account within 45 days of the redemption will receive areimbursement of the CDSC that they paid at the time of redemption. This CDSC Reimbursement will be madein the form of additional Class C shares of the Fund based on the Fund’s NAV on the reinvestment date.
Class C shares acquired with proceeds from a CDSC Reimbursement will be subject to a CDSC if redeemedwithin 12 months. To receive the CDSC Reimbursement, you must notify your financial consultant or theFund’s Transfer Agent at the time of your transaction that you believe you qualify for the reimbursement.
Shareholders of certain intermediaries may also have their CDSC waived or reduced under othercircumstances. Please refer to Appendix A, “Sales Charge Reductions and Waivers Available Through Certain
Intermediaries,” attached to the Fund’s Prospectus.
Rule 12b-1 Plans—(Class A and Class C Shares Only)
The Fund has adopted distribution plans under Rule 12b-1 (the “Plans”) for Class A and Class C
Shares of the Fund (each, a “Plan”). Under these Plans, the Fund may use its assets to finance activities
relating to the sale of its Class A and Class C Shares and the provision of certain shareholder services. To theextent that any activity is one that the Fund may finance without a distribution plan, the Fund may also makepayments to compensate such activities outside the Plan and not be subject to its limitations.
The Class A Plan authorizes payments by the Fund on an annual basis of 0.25% of its average daily
net assets attributable to Class A Shares to finance distribution of its Class A Shares or pay shareholder service
fees. The Class C Plan authorizes payments on an annual basis of 0.75% of its average daily net assets
attributable to Class C Shares to finance distribution of its Class C Shares and 0.25% for shareholder service
fees.
Because the Rule 12b-1 fees are higher for Class C Shares than for Class A Shares, Class C Shares
will have higher annual expenses. Because Rule 12b-1 fees are paid out of the Fund’s assets on an ongoingbasis, over time these fees will increase the cost of your investment and may cost you more than paying othertypes of sales charges. Due to the payment of Rule 12b-1 fees, long-term shareholders may indirectly pay morethan the equivalent of the maximum permitted front-end sales charge.

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