spouse,
advisor’s lineal ascendant (mother,
father, grandmother, grandfather, great grandmother, great grandfather),
advisor’s lineal descendant (son, step-son, daughter, step- daughter, grandson,
granddaughter, great grandson, great granddaughter) or any spouse of a covered
family member who is a lineal descendant.
•Shares
purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within
90 days following the redemption, (2) the redemption and purchase occur in the
same account, and (3) redeemed shares were subject to a front-end or deferred
sales load (i.e. Rights of Reinstatement).
Morgan Stanley Wealth
Management
Shareholders purchasing Fund shares through a
Morgan Stanley Wealth Management transactional brokerage account will be
eligible only for the following front-end sales charge waivers with respect to
Class A shares, which may differ from and may be more limited than those
disclosed elsewhere in this Fund’s Prospectus or SAI.
•Employer-sponsored retirement plans (e.g., 401(k)
plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money
purchase pension plans and defined benefit plans). For purposes of this
provision, employer-sponsored retirement plans do not include SEP IRAs, Simple
IRAs, SAR-SEPs or Keogh plans.
•Morgan Stanley employee and employee-related accounts according to Morgan
Stanley’s account linking rules.
•Shares purchased through reinvestment of dividends and capital gains
distributions when purchasing shares of the same fund.
•Shares purchased through a Morgan Stanley self-directed
brokerage
account.
•Class C (i.e., level-load) shares that are no longer subject to
a contingent deferred sales charge and are converted to Class A shares of the
same fund pursuant to Morgan Stanley Wealth Management’s share class
conversion
program.
•Shares purchased from the proceeds of redemptions within
the same fund family, provided (i) the
repurchase occurs within 90 days following the redemption, (ii) the redemption
and purchase occur in the same account, and (iii) redeemed shares were subject
to a front-end or deferred sales
charge.
Raymond James & Associates, Inc., Raymond
James Financial Services, Inc. and each entity’s affiliates
(“Raymond James”)
Shareholders purchasing fund shares through a
Raymond James platform or account, or through an introducing broker-dealer or
independent registered investment adviser for which Raymond James provides trade
execution, clearance, and/or custody services, will be eligible only for the
following load waivers (front-end sales charge waivers and contingent deferred,
or back-end, sales charge waivers) and discounts, which may differ from those
disclosed elsewhere in this fund’s prospectus or SAI.
Front-end sales load waivers on Class A shares available at Raymond
James
•Shares purchased in an investment advisory program.
•Shares purchased within the same fund family through a systematic reinvestment of
capital gains and dividend
distributions.