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The Funds are intended for long-term investors and not for those who wish to
trade frequently in Fund shares. The Funds believe that excessive short-term
trading of Fund shares creates risks for the Funds and their long-term
shareholders, including interference with efficient portfolio management,
increased administrative and brokerage costs and potential dilution in the
value of shares. Certain of the Funds impose and retain a 2.00% redemption
fee (short-term trading fee) on shares that are sold or exchanged on or before
the seventh day after the date of purchase.
Please refer to the Fund's prospectus for more information on the Short term
trading fee.
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