How Sales Charges are Calculated / Reducing Your Sales Charges /
Waivers of Deferred Sales Charges / Reinstatement Privilege /
More About Deferred Sales Charges

MORE ABOUT DEFERRED SALES CHARGES

You do not pay a deferred sales charge on:

• Shares representing reinvested distributions and dividends
• Shares held longer than 1 year from the last day of the month of purchase

Each time you have a request to redeem shares, the Fund will first redeem any shares in your account that have been held the longest.

The Fund's distributor receives deferred sales charges as partial compensation for its expenses in selling shares, including the payment of compensation to your Service Organization.

For more information about sales charges, please consult your Service Organization, or refer to the Fund's prospectus.