Load-Waived A Shares

Load-waived ratings and statistics better reflect the investor experience for those individuals who do not pay a fund�s front-end sales load, such as retirement-plan participants. The load-waived rating supplements the Morningstar RatingTM for the original A share class, where all load-adjusted measures reflect the maximum front load.

Load-waived A shares are displayed and treated like a separate share class, and most data are the same between the original A share and the load-waived share. The statistics that are different include load-adjusted measures, such as the Morningstar Rating, Morningstar risk-adjusted return, Morningstar risk, Morningstar return, and after-tax return, along with percentile ranks based on these measures.

To be eligible for load-waived ratings and returns, the fund must be an A share class, must have a front load, and must be domiciled in the United States.

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