Gross operating expenses: Class A: 1.88%, Class C: 2.63%, Class W: 1.87%. Net operating expenses: Class A: 1.90%, Class C: 2.55%, Class W: 1.70%, after contractual waiver of fees and/or reimbursement of expenses which will continue indefinitely subject to termination by the Board. The net expense ratio includes the contractual expense cap (which is 1.90%, 2.55% and 1.70%, for Class A, C and W, respectively) 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 exceed 1.90%, 2.55% and 1.70%, for Class A, C and W, 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. Waivers and/or reimbursements may be subject to recoupment within two years.