Returns for less than one year are not annualized.

The Russell 1000 Value Index measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe. It includes approximately 1,000 of the largest U.S. securities based on market capitalization. Please note an investor cannot invest directly in an index.

Source: Lipper, Inc. Lipper rankings are based on cumulative total returns and do not take into account sales charges. If they had, the return would be lower.

Gross operating expenses: Class A: 2.51%; Class C: 7.03%; Class W: 6.20%. Net operating expenses: Class A: 1.25%; Class C: 1.90%; Class W: 1.05%. Pursuant to an Expense Limitation Agreement, the net expense ratio includes the contractual expense cap (Class A: 1.25%; Class C: 1.90%; Class W: 1.05%) and other management fee waivers, as more fully described in the Fund's prospectus, and it also reflects any acquired fund fees and expenses (“AFFEs”). AFFEs are not subject to the contractual expense cap, which is why the net expense ratio may exceed the contractual expense cap of each respective share class (Class A: 1.25%; Class C: 1.90%; Class W: 1.05%). The Fund's contractual fee waiver and expense reimbursement will continue in effect indefinitely, unless terminated by the Board of Trustees, including a majority of the Independent Trustees. Waivers and/or reimbursements may be subject to recoupment within two years.

Performance data quoted represents past performance and is not a guarantee of future results. The data assumes reinvestment of all distributions at net asset value. Maximum sales charge (Class A): 5.75%. The Fund’s daily net asset value is not guaranteed and shares are not insured by the FDIC, the Federal Reserve Board or any other agency. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be higher or lower than the original cost. Current performance may be higher or lower than that shown.