Overview
The Strategy typically invests in large-cap U.S. dividend growth stocks.
- Inception Date
- December 16, 1996
- Investment Style
- Rising Dividends
- Fund Index
- Russell 1000® Index
- CUSIP
- 68380H406
- NAV
- A
- (as of 09/24/2018)
- $21.76
- Total Assets
- (as of 08/31/2018)
- $3.18 BN
- Gross Expense Ratio
- (as of 08/31/2018)
- 0.83%
- Net Expense Ratio
- (as of 08/31/2018)
- 0.83%
Performance
Average Annual Returns as of 06/30/2018
Average Annual Returns as of 08/31/2018
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
ytd as of 2018-06-30
|
1 yr | 3 yr | 5 yr | 10 yr | since inception | |
| 2.11% | 9.83% | 7.52% | 9.72% | 7.70% | 7.41% | |
| 2.85% | 14.54% | 11.64% | 13.37% | 10.20% | - | |
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
ytd as of 2018-08-31
|
1 yr | 3 yr | 5 yr | 10 yr | since inception | |
| 8.58% | 14.65% | 11.48% | 10.78% | 8.20% | 7.65% | |
| 10.07% | 19.82% | 15.84% | 14.36% | 10.93% | - | |
Gross Expense Ratio:
0.83%
| Net Expense Ratio:
0.83%
The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions. Class Y shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
Calendar Year Returns as of 08/31/2018
| Year | Rising Dividends Fund |
Russell 1000® Index
|
|---|---|---|
| 1997 | 26.89% | -0.94% |
| 1998 | 9.98% | -11.20% |
| 1999 | 0.29% | -0.32% |
| 2000 | 13.08% | 8.32% |
| 2001 | -7.61% | -1.64% |
| 2002 | -18.68% | 1.70% |
| 2003 | 27.34% | -0.27% |
| 2004 | 12.91% | -0.11% |
| 2005 | 6.21% | 0.62% |
| 2006 | 16.23% | 15.46% |
| 2007 | 13.03% | 5.77% |
| 2008 | -31.09% | -37.60% |
| 2009 | 18.92% | 28.43% |
| 2010 | 13.54% | 16.10% |
| 2011 | 2.62% | 1.50% |
| 2012 | 12.88% | 16.42% |
| 2013 | 27.56% | 33.11% |
| 2014 | 11.19% | 13.24% |
| 2015 | -0.43% | 0.92% |
| 2016 | 4.78% | 12.05% |
| 2017 | 17.03% | 21.69% |
The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions. Class Y shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
Cumulative Returns & Income Dividends
| Date | Rising Dividends Fund |
Russell 1000® Index
|
MSCI World
|
S&P 500
|
|---|---|---|---|---|
| 8/31/2008 | 0.00 | 0.00 | 0.00 | 0.00 |
| 9/30/2008 | -6.79 | -9.53 | -11.89 | -8.91 |
| 10/31/2008 | -20.45 | -25.32 | -28.60 | -24.21 |
| 11/30/2008 | -26.19 | -30.97 | -33.22 | -29.65 |
| 12/31/2008 | -25.28 | -29.87 | -31.08 | -28.90 |
| 1/31/2009 | -31.00 | -35.59 | -37.12 | -34.89 |
| 2/28/2009 | -37.09 | -42.25 | -43.55 | -41.82 |
| 3/31/2009 | -32.48 | -37.20 | -39.30 | -36.73 |
| 4/30/2009 | -28.92 | -30.84 | -32.49 | -30.67 |
| 5/31/2009 | -24.49 | -27.02 | -26.37 | -26.79 |
| 6/30/2009 | -24.52 | -26.84 | -26.70 | -26.65 |
| 7/31/2009 | -19.50 | -21.25 | -20.49 | -21.10 |
| 8/31/2009 | -18.25 | -18.39 | -17.21 | -18.25 |
| 9/30/2009 | -16.33 | -15.08 | -13.91 | -15.20 |
| 10/31/2009 | -17.78 | -16.96 | -15.45 | -16.78 |
| 11/30/2009 | -13.11 | -12.07 | -11.99 | -11.79 |
| 12/31/2009 | -11.50 | -9.93 | -10.41 | -10.08 |
| 1/31/2010 | -14.80 | -13.17 | -14.11 | -13.32 |
| 2/28/2010 | -12.90 | -10.31 | -12.90 | -10.63 |
| 3/31/2010 | -7.92 | -4.80 | -7.51 | -5.24 |
| 4/30/2010 | -6.90 | -3.03 | -7.49 | -3.74 |
| 5/31/2010 | -14.53 | -10.72 | -16.36 | -11.43 |
| 6/30/2010 | -17.97 | -15.69 | -19.22 | -16.07 |
| 7/31/2010 | -12.22 | -9.83 | -12.67 | -10.18 |
| 8/31/2010 | -15.99 | -13.87 | -15.93 | -14.24 |
| 9/30/2010 | -9.32 | -5.95 | -8.10 | -6.59 |
| 10/31/2010 | -5.66 | -2.29 | -4.67 | -3.03 |
| 11/30/2010 | -5.59 | -1.97 | -6.73 | -3.02 |
| 12/31/2010 | 0.12 | 4.57 | 0.13 | 3.46 |
| 1/31/2011 | 2.06 | 7.09 | 2.39 | 5.91 |
| 2/28/2011 | 5.74 | 10.81 | 5.98 | 9.54 |
| 3/31/2011 | 5.58 | 11.10 | 4.93 | 9.59 |
| 4/30/2011 | 9.33 | 14.44 | 9.39 | 12.83 |
| 5/31/2011 | 8.49 | 13.21 | 7.12 | 11.56 |
| 6/30/2011 | 7.21 | 11.23 | 5.43 | 9.70 |
| 7/31/2011 | 5.13 | 8.82 | 3.51 | 7.46 |
| 8/31/2011 | -0.39 | 2.55 | -3.78 | 1.63 |
| 9/30/2011 | -8.00 | -5.10 | -12.09 | -5.52 |
| 10/31/2011 | 2.68 | 5.54 | -3.00 | 4.81 |
| 11/30/2011 | 2.42 | 5.26 | -5.37 | 4.58 |
| 12/31/2011 | 2.51 | 6.14 | -5.42 | 5.65 |
| 1/31/2012 | 7.48 | 11.31 | -0.67 | 10.38 |
| 2/29/2012 | 11.40 | 16.20 | 4.18 | 15.16 |
| 3/31/2012 | 14.64 | 19.83 | 5.52 | 18.94 |
| 4/30/2012 | 13.92 | 19.14 | 4.32 | 18.20 |
| 5/31/2012 | 5.20 | 11.82 | -4.68 | 11.09 |
| 6/30/2012 | 9.15 | 16.10 | 0.17 | 15.67 |
| 7/31/2012 | 10.47 | 17.47 | 1.46 | 17.28 |
| 8/31/2012 | 13.04 | 20.33 | 4.03 | 19.92 |
| 9/30/2012 | 14.92 | 23.42 | 6.89 | 23.02 |
| 10/31/2012 | 13.07 | 21.34 | 6.17 | 20.75 |
| 11/30/2012 | 14.59 | 22.30 | 7.53 | 21.45 |
| 12/31/2012 | 15.49 | 23.57 | 9.55 | 22.55 |
| 1/31/2013 | 21.27 | 30.27 | 15.13 | 28.90 |
| 2/28/2013 | 23.13 | 32.02 | 15.32 | 30.65 |
| 3/31/2013 | 27.00 | 37.12 | 18.02 | 35.55 |
| 4/30/2013 | 27.87 | 39.60 | 21.74 | 38.16 |
| 5/31/2013 | 30.33 | 42.70 | 21.78 | 41.40 |
| 6/30/2013 | 28.31 | 40.76 | 18.78 | 39.50 |
| 7/31/2013 | 33.85 | 48.29 | 25.04 | 46.60 |
| 8/31/2013 | 30.04 | 44.20 | 22.38 | 42.35 |
| 9/30/2013 | 34.25 | 49.23 | 28.50 | 46.81 |
| 10/31/2013 | 39.87 | 55.80 | 33.53 | 53.56 |
| 11/30/2013 | 42.61 | 60.17 | 35.90 | 58.24 |
| 12/31/2013 | 47.10 | 64.49 | 38.77 | 62.25 |
| 1/31/2014 | 40.75 | 59.23 | 33.63 | 56.64 |
| 2/28/2014 | 47.99 | 66.79 | 40.32 | 63.80 |
| 3/31/2014 | 48.61 | 67.85 | 40.53 | 65.18 |
| 4/30/2014 | 47.49 | 68.64 | 41.97 | 66.40 |
| 5/31/2014 | 51.30 | 72.52 | 44.76 | 70.31 |
| 6/30/2014 | 54.43 | 76.44 | 47.35 | 73.83 |
| 7/31/2014 | 52.18 | 73.59 | 45.00 | 71.43 |
| 8/31/2014 | 57.27 | 80.76 | 48.19 | 78.29 |
| 9/30/2014 | 54.53 | 77.59 | 44.17 | 75.79 |
| 10/31/2014 | 57.45 | 81.93 | 45.10 | 80.08 |
| 11/30/2014 | 63.98 | 86.70 | 48.01 | 84.92 |
| 12/31/2014 | 63.17 | 86.26 | 45.63 | 84.46 |
| 1/31/2015 | 56.88 | 81.15 | 42.99 | 78.92 |
| 2/28/2015 | 65.86 | 91.61 | 51.36 | 89.20 |
| 3/31/2015 | 62.92 | 89.23 | 48.99 | 86.21 |
| 4/30/2015 | 63.66 | 90.57 | 52.49 | 88.00 |
| 5/31/2015 | 66.12 | 93.06 | 53.01 | 90.41 |
| 6/30/2015 | 63.52 | 89.44 | 49.46 | 86.73 |
| 7/31/2015 | 66.96 | 93.09 | 52.14 | 90.64 |
| 8/31/2015 | 55.89 | 81.48 | 42.07 | 79.14 |
| 9/30/2015 | 50.74 | 76.50 | 36.83 | 74.71 |
| 10/31/2015 | 63.31 | 90.79 | 47.67 | 89.44 |
| 11/30/2015 | 65.29 | 91.42 | 46.94 | 90.01 |
| 12/31/2015 | 62.07 | 87.97 | 44.36 | 87.01 |
| 1/31/2016 | 54.01 | 77.85 | 35.72 | 77.73 |
| 2/29/2016 | 51.13 | 77.79 | 34.71 | 77.49 |
| 3/31/2016 | 58.92 | 90.18 | 43.85 | 89.53 |
| 4/30/2016 | 59.27 | 91.21 | 46.13 | 90.27 |
| 5/31/2016 | 61.72 | 94.56 | 46.95 | 93.68 |
| 6/30/2016 | 62.09 | 95.00 | 45.30 | 94.18 |
| 7/31/2016 | 66.31 | 102.43 | 51.44 | 101.34 |
| 8/31/2016 | 65.52 | 102.70 | 51.57 | 101.63 |
| 9/30/2016 | 64.78 | 102.86 | 52.37 | 101.66 |
| 10/31/2016 | 61.08 | 98.90 | 49.42 | 97.99 |
| 11/30/2016 | 65.49 | 106.75 | 51.57 | 105.32 |
| 12/31/2016 | 69.42 | 110.63 | 55.20 | 109.38 |
| 1/31/2017 | 71.00 | 114.86 | 58.94 | 113.35 |
| 2/28/2017 | 77.60 | 123.18 | 63.35 | 121.82 |
| 3/31/2017 | 77.60 | 123.32 | 65.09 | 122.08 |
| 4/30/2017 | 79.56 | 125.68 | 67.54 | 124.36 |
| 5/31/2017 | 81.99 | 128.56 | 71.08 | 127.51 |
| 6/30/2017 | 84.14 | 130.16 | 71.74 | 128.94 |
| 7/31/2017 | 86.29 | 134.72 | 75.85 | 133.64 |
| 8/31/2017 | 87.51 | 135.45 | 76.10 | 134.36 |
| 9/30/2017 | 90.28 | 140.47 | 80.05 | 139.19 |
| 10/31/2017 | 92.35 | 145.98 | 83.45 | 144.77 |
| 11/30/2017 | 96.87 | 153.48 | 87.43 | 152.28 |
| 12/31/2017 | 97.81 | 156.31 | 89.96 | 155.09 |
| 1/31/2018 | 106.40 | 170.38 | 99.99 | 169.69 |
| 2/28/2018 | 99.55 | 160.45 | 91.71 | 159.75 |
| 3/31/2018 | 94.63 | 154.54 | 87.53 | 153.15 |
| 4/30/2018 | 96.47 | 155.41 | 89.69 | 154.12 |
| 5/31/2018 | 101.80 | 161.93 | 90.87 | 160.24 |
| 6/30/2018 | 101.71 | 163.62 | 90.78 | 161.84 |
| 7/31/2018 | 108.59 | 172.72 | 96.74 | 171.59 |
| 8/31/2018 | 114.45 | 182.11 | 99.18 | 180.44 |
| Date | Dividends |
|---|---|
| 9/26/2008 | 0.0621 |
| 12/18/2008 | 0.0793 |
| 3/20/2009 | 0.0596 |
| 6/19/2009 | 0.0652 |
| 9/25/2009 | 0.1005 |
| 12/17/2009 | 0.0889 |
| 3/19/2010 | 0.0433 |
| 6/25/2010 | 0.0537 |
| 9/24/2010 | 0.1071 |
| 12/17/2010 | 0.0882 |
| 3/25/2011 | 0.0541 |
| 6/24/2011 | 0.0651 |
| 9/23/2011 | 0.0391 |
| 12/9/2011 | 0.0727 |
| 3/23/2012 | 0.0632 |
| 6/22/2012 | 0.0607 |
| 9/21/2012 | 0.0663 |
| 12/7/2012 | 0.068 |
| 12/28/2012 | 0.0512 |
| 3/22/2013 | 0.0577 |
| 6/21/2013 | 0.0621 |
| 9/20/2013 | 0.0496 |
| 12/6/2013 | 0.062 |
| 3/21/2014 | 0.0403 |
| 6/20/2014 | 0.0502 |
| 9/19/2014 | 0.0571 |
| 12/4/2014 | 0.0539 |
| 3/19/2015 | 0.0608 |
| 6/18/2015 | 0.0539 |
| 9/24/2015 | 0.0452 |
| 12/4/2015 | 0.1254 |
| 3/24/2016 | 0.0401 |
| 6/23/2016 | 0.0598 |
| 9/22/2016 | 0.0573 |
| 12/5/2016 | 0.0777 |
| 3/23/2017 | 0.0806 |
| 6/22/2017 | 0.1019 |
| 9/21/2017 | 0.0769 |
| 12/6/2017 | 0.0802 |
| 3/22/2018 | 0.058 |
| 6/21/2018 | 0.073 |
| 9/20/2018 | 0.0674 |
There is no guarantee of the payment of any dividend or other distributions at any level.
The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions. Class Y shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
Capital Gains and Distributions ($ per share) as of 09/24/2018
| Date | 2013 | 2014 | 2015 | 2016 | 2017 |
|---|---|---|---|---|---|
| Short Term | 0.2074 | 0.4221 | 0.0703 | — | 0.5293 |
| Long Term | 1.9192 | 1.3123 | 1.0645 | 0.8977 | 1.0627 |
| Total Amount of Distribution | 2.1266 | 1.7343 | 1.1348 | 0.8977 | 1.5921 |
| Record Date | 12/4/13 | 12/3/14 | 12/3/15 | 12/2/16 | 12/5/17 |
| Ex Div Date | 12/5/13 | 12/4/14 | 12/4/15 | 12/5/16 | 12/6/17 |
| Pay Date | 12/6/13 | 12/4/14 | 12/4/15 | 12/5/16 | 12/6/17 |
There is no guarantee of the payment of any dividend or other distributions at any level.
Portfolio
Top Issuers
(49.1% of assets as of 08/31/2018)
Domestic Equity
CLASS Y: OYRDX
Portfolio Holdings Breakdown
as of
08/31/2018
| Country | Rising Dividends Fund | Russell 1000® Index | Overweight / Underweight |
|---|---|---|---|
| United States | 91.2% | 99.8% | -8.5% |
| Canada | 2.1% | - | - |
| United Kingdom | 1.8% | 0.0% | 1.8% |
| France | 1.2% | - | - |
| Netherlands | 1.0% | 0.1% | 0.9% |
| Developed Markets | Rising Dividends Fund | Russell 1000® Index | Overweight / Underweight |
|---|---|---|---|
| Americas | 93.3% | 99.8% | -6.5% |
| Europe | 4.0% | 0.1% | 3.8% |
| Equity Sector | Rising Dividends Fund | Russell 1000® Index | Overweight / Underweight |
|---|---|---|---|
| Information Technology | 30.9% | 26.2% | 4.7% |
| Financials | 14.5% | 13.9% | 0.6% |
| Health Care | 12.9% | 14.2% | -1.3% |
| Industrials | 9.8% | 9.9% | -0.2% |
| Consumer Discretionary | 8.2% | 13.0% | -4.8% |
| Real Estate | 6.7% | 3.4% | 3.3% |
| Energy | 6.4% | 5.6% | 0.8% |
| Utilities | 3.3% | 2.8% | 0.5% |
| Consumer Staples | 2.6% | 6.3% | -3.6% |
| Materials | 1.9% | 2.8% | -0.9% |
| Industry | Rising Dividends Fund | Russell 1000® Index | Overweight / Underweight |
|---|---|---|---|
| Software | 8.2% | 6.5% | 1.7% |
| IT Services | 7.9% | 4.7% | 3.1% |
| Equity Real Estate Investment Trusts (REITs) | 6.7% | 3.3% | 3.5% |
| Banks | 6.7% | 6.1% | 0.7% |
| Technology Hardware Storage & Peripherals | 6.6% | 4.5% | 2.1% |
| Semiconductors & Semiconductor Equipment | 6.4% | 3.9% | 2.5% |
| Oil Gas & Consumable Fuels | 6.4% | 5.0% | 1.4% |
| Health Care Providers & Services | 5.3% | 3.1% | 2.3% |
| Capital Markets | 4.4% | 2.8% | 1.6% |
| Pharmaceuticals | 4.0% | 4.2% | -0.2% |
| Insurance | 3.3% | 2.6% | 0.8% |
| Specialty Retail | 3.2% | 2.2% | 1.0% |
| Aerospace & Defense | 3.1% | 2.5% | 0.6% |
| Hotels Restaurants & Leisure | 2.8% | 1.9% | 0.9% |
| Trading Companies & Distributors | 2.4% | 0.3% | 2.1% |
| Multi-Utilities | 2.0% | 0.9% | 1.1% |
| Chemicals | 1.9% | 1.9% | 0.0% |
| Communications Equipment | 1.8% | 1.2% | 0.6% |
| Commercial Services & Supplies | 1.7% | 0.4% | 1.3% |
| Road & Rail | 1.5% | 1.0% | 0.5% |
| Asset Allocation | Rising Dividends Fund | Russell 1000® Index | Overweight / Underweight |
|---|---|---|---|
| Equity | 97.3% | 100.0% | -2.7% |
| Net Cash and Equivalents | 2.7% | - | - |
| Market Cap | Rising Dividends Fund | Russell 1000® Index | Overweight / Underweight |
|---|---|---|---|
| Large | 79.9% | 82.7% | -2.8% |
| Mid | 15.5% | 16.9% | -1.3% |
| Small | 1.9% | 0.4% | 1.5% |
Analytics
Morningstar
08/31/2018
(based on risk adjusted performance)
Overall Rating
Number of Funds
1184
Category
Large Blend
Performance Statistics
3Y
5Y
Alpha
-2.69
-2.90
Beta
0.91
0.98
Information Ratio
-1.92
-1.61
R-Squared
94.32
94.73
Sharpe Ratio
1.17
1.06
Standard Deviation
8.94
9.64
Upside Capture
84.88
89.68
Downside Capture
111.92
114.00
Sortino Ratio
2.21
1.83
Win Ratio
36.00
37.00
Loss Ratio
64.00
63.00
Tracking Error
2.28
2.22
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$193.72 B
$224.62 B
Median Market Cap (weighted)
$67.01 B
$91.25 B
P/E Ratio (LTM)
20.33
21.74
P/E Ratio (NTM)
17.17
17.42
Price/Book
3.85
3.43
Debt to Capital Ratio
47.98
45.84
Turnover Ratio
78%
-
Active Share
78.40%
-
Dividends
- D
Est. Frequency
Quarterly
Last Pay Date
9/20/2018
Per Share ($)
$0.0674
12-Month Distribution ($)
$0.2880
Distribution Sources
- D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Team
Documents
- 1. On August 1, 2007, the Fund's investment objective changed from “seeks capital appreciation" to “seeks total return.” Performance prior to August 1, 2007 is not indicative of performance for any subsequent periods.
- 2. Mani Govil was added as portfolio manager of the Fund as of October 5, 2016. Neil M. McCarthy and Joseph Higgins will no longer be portfolio managers of the Fund as of October 5, 2016.
- 3. There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. Diversification does not guarantee profit or protect against loss.
- 4. The Russell 1000® Index measures the performance of the large-cap segment of the U.S. equity universe. It is a subset of the Russell 3000® Index and includes approximately 1,000 of the largest securities based on a combination of their market cap and current index membership. The Russell 1000 represents approximately 92% of the Russell 3000 Index. The index is unmanaged and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
- 5. The net expense ratio (where applicable) also takes into account contractual fee waivers and/or expense reimbursements without which performance would have been less. These undertakings may not be amended or withdrawn for one year from the date of the current prospectus, unless approved by the Board.
- 6. Holdings are subject to change, and are dollar weighted based on total new assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the Fund’s net asset value and fluctuations of dividends and distributions paid by the Fund.
- 7. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund's prospectus.
- 8. Class I shares are only offered to eligible institutional investors that make a minimum initial investment of $1 million or more and to retirement plan service provider platforms. The minimum account balance for class I shares is $2.5 million. Class I shares are sold at net asset value without a sales charge. Please see Fund prospectuses for additional information.
- A. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily. ↩
- B. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment. ↩
- C. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund). These returns would be lower if sales charges were taken into consideration. Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions. ↩
- D. There is no guarantee of the payment of any dividend or other distributions at any level. ↩
- E. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated. Class C shares are subject to a 0.75% annual asset-backed sales charge. Returns do not consider capital gains or income taxes on an individual's investment. ↩
- F. The performance data quoted represents past performance, which does not guarantee future results. The investments return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment. ↩
- G. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions. Class Y shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment. ↩