Results are hypothetical. Other share classes will vary. Past performance is no guarantee of future results. Past performance is no guarantee of future results. Investment return and principal value will fluctuate, and fund shares, when redeemed, may be worth more or less than their original cost.
Figures shown above assume reinvestment of all dividends and capital gains.
For shareholders in taxable funds, income dividends are taxed at the shareholder's ordinary income tax rate. Short-term capital gain dividends represent the net gain recognized on securities held in the fund's portfolio for one year or less before being sold. These dividends are taxed at the shareholder's ordinary income-tax rate. Long-term capital gain dividends represent the net gain recognized on securities held in the fund's portfolio for more than one year before being sold. For shareholders, these dividends are taxed at a maximum tax rate of 20 percent.