Gross operating expenses: Class A: 2.13%; Class C: 3.10%; Class W: 2.11%. Net operating expenses: Class A: 1.55%; Class C: 2.20%; Class W: 1.35%. The net expense ratio includes the contractual expense cap (Class A: 1.55%; Class C: 2.20%; Class W: 1.35%) and other management fee waivers, as more fully described in the Fund’s prospectus. 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. Waivers and/or reimbursements may be subject to recoupment within two years.