Gross operating expenses: Class A: 2.22%; Class C: 2.97%; Class W: 2.18%. Net operating expenses, Class A: 1.73%; Class C: 2.38%; Class W: 1.53%. The net expense ratio includes the contractual expense cap (which is 1.72%, 2.37% and 1.52% for Class A, C and W shares, respectively) and other management fee waivers, as more fully described in the Fund’s prospectus, and it also reflects any acquired fund fees 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 1.72%, 2.37% and 1.52%, respectively. Pursuant to an Expense Limitation Agreement, 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.