| |
1 | |
9 | |
20 | |
30 | |
40 | |
50 | |
60 | |
70 | |
80 | |
90 | |
100 | |
109 | |
109 | |
114 | |
114 | |
114 | |
126 | |
127 | |
127 | |
127 | |
127 | |
130 |
130 | |
134 | |
141 | |
143 | |
145 | |
147 | |
148 | |
148 | |
150 | |
151 | |
153 | |
153 | |
153 | |
155 | |
156 | |
156 | |
156 | |
156 | |
156 | |
158 | |
180 | |
Back
cover |
SHAREHOLDER
FEES (Fees
paid directly from your investment) | |||
|
Class
A |
Class
C |
Class
I |
Maximum
Sales Charge (Load) Imposed
on
Purchases as % of Offering Price |
4.50% |
NONE |
NONE |
Maximum
Deferred Sales Charge (Load)
as
% of Original Cost of the Shares |
NONE1
|
1.00% |
NONE |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |||
|
Class
A |
Class
C |
Class
I |
Management
Fees |
NONE |
NONE |
NONE |
Distribution
(Rule 12b-1)
Fees |
0.25 |
0.75 |
NONE |
Other
Expenses |
0.29 |
0.29 |
0.28 |
Service
Fees |
0.25 |
0.25 |
0.25 |
Remainder
of Other
Expenses |
0.04 |
0.04 |
0.03 |
Acquired
Fund (Underlying
Fund)
Fees and Expenses |
0.34 |
0.34 |
0.34 |
Total
Annual Fund Operat-
ing
Expenses |
0.88 |
1.38 |
0.62 |
Fee
Waivers and/or Expense
Reimbursements1 |
-0.19 |
-0.06 |
-0.05 |
Total
Annual Fund Operat-
ing
Expenses after Fee
Waivers
and/or Expense
Reimbursements1 |
0.69 |
1.32 |
0.57 |
IF
YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
CLASS
A SHARES ($) |
517 |
700 |
898 |
1,469 |
CLASS
C SHARES ($) |
234 |
431 |
750 |
1,516 |
CLASS
I SHARES ($) |
58 |
193 |
341 |
769 |
IF
YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
CLASS
A SHARES ($) |
517 |
700 |
898 |
1,469 |
CLASS
C SHARES ($) |
134 |
431 |
750 |
1,516 |
CLASS
I SHARES ($) |
58 |
193 |
341 |
769 |
Target
Allocations1
| |
Fixed
Income |
55.00
% |
U.S.
Fixed Income |
36.50
% |
Inflation
Managed |
7.50
% |
High
Yield Fixed Income |
9.35
% |
Emerging
Markets Debt |
1.65
% |
Equity |
40.00
% |
U.S.
Large Cap Equity |
19.60
% |
U.S.
Mid Cap Equity |
2.80
% |
U.S.
Small Cap Equity |
2.40
% |
REITs |
0.80
% |
International
Equity |
11.20
% |
Emerging
Markets Equity |
3.20
% |
Money
Market/Cash and Cash Equivalents |
5.00
% |
Money
Market/Cash and Cash Equivalents |
5.00
% |
YEAR-BY-YEAR
RETURNS — CLASS A SHARES |
Best
Quarter |
2nd
quarter, 2020 |
9.15% |
Worst
Quarter |
1st
quarter, 2020 |
-9.46% |
The
Fund’s year-to-date total return |
through |
9/30/23 |
was |
3.53% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2022) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
CLASS
A SHARES |
|
|
|
Return
Before Taxes |
-18.04
% |
0.65
% |
2.98
% |
Return
After Taxes on Distributions |
-19.10 |
-1.50 |
1.37 |
Return
After Taxes on Distributions and
Sale
of Fund Shares |
-10.36 |
0.22 |
1.96 |
CLASS
C SHARES |
|
|
|
Return
Before Taxes |
-15.74 |
0.94 |
2.92 |
CLASS
I SHARES |
|
|
|
Return
Before Taxes |
-14.13 |
1.69 |
3.56 |
S&P
TARGET DATE RETIREMENT
INCOME
INDEX
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
-11.17 |
2.33 |
3.59 |
JPM
SMARTRETIREMENT INCOME
COMPOSITE
BENCHMARK
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
-13.38 |
2.31 |
3.83 |
Portfolio
Manager |
Managed
Fund
Since |
Primary
Title with
Investment
Adviser |
Daniel
Oldroyd |
2010 |
Managing
Director |
Silvia
Trillo |
2019 |
Managing
Director |
Ove
Fladberg |
2022 |
Managing
Director |
Anshul
Mohan |
2023 |
Executive
Director |
Jeffrey
A. Geller |
2008 |
Managing
Director |
For
Class A and Class C Shares |
|
To
establish an account |
$500 |
To
add to an account |
$50 |
For
Class I Shares |
|
To
establish an account |
$1,000,000 |
To
add to an account |
No
minimum levels |
SHAREHOLDER
FEES (Fees
paid directly from your investment) | |||
|
Class
A |
Class
C |
Class
I |
Maximum
Sales Charge (Load) Imposed
on
Purchases as % of Offering Price |
4.50% |
NONE |
NONE |
Maximum
Deferred Sales Charge (Load)
as
% of Original Cost of the Shares |
NONE1
|
1.00% |
NONE |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |||
|
Class
A |
Class
C |
Class
I |
Management
Fees |
NONE |
NONE |
NONE |
Distribution
(Rule 12b-1)
Fees |
0.25 |
0.75 |
NONE |
Other
Expenses |
0.28 |
0.30 |
0.27 |
Service
Fees |
0.25 |
0.25 |
0.25 |
Remainder
of Other
Expenses |
0.03 |
0.05 |
0.02 |
Acquired
Fund (Underlying
Fund)
Fees and Expenses |
0.34 |
0.34 |
0.34 |
Total
Annual Fund Operating
Expenses |
0.87 |
1.39 |
0.61 |
Fee
Waivers and/or Expense
Reimbursements1 |
-0.12 |
-0.05 |
-0.02 |
Total
Annual Fund Operating
Expenses
after Fee Waivers
and/or
Expense Reimburse-
ments1 |
0.75 |
1.34 |
0.59 |
IF
YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
CLASS
A SHARES ($) |
523 |
704 |
899 |
1,464 |
CLASS
C SHARES ($) |
236 |
435 |
756 |
1,522 |
CLASS
I SHARES ($) |
60 |
193 |
338 |
760 |
IF
YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
CLASS
A SHARES ($) |
523 |
704 |
899 |
1,464 |
CLASS
C SHARES ($) |
136 |
435 |
756 |
1,522 |
CLASS
I SHARES ($) |
60 |
193 |
338 |
760 |
Target
Allocations1
| |
Fixed
Income |
55.00
% |
U.S.
Fixed Income |
36.50
% |
Inflation
Managed |
7.50
% |
High
Yield Fixed Income |
9.35
% |
Emerging
Markets Debt |
1.65
% |
Equity |
40.00
% |
U.S.
Large Cap Equity |
19.60
% |
U.S.
Mid Cap Equity |
2.80
% |
U.S.
Small Cap Equity |
2.40
% |
REITs |
0.80
% |
International
Equity |
11.20
% |
Emerging
Markets Equity |
3.20
% |
Money
Market/Cash and Cash Equivalents |
5.00
% |
Money
Market/Cash and Cash Equivalents |
5.00
% |
YEAR-BY-YEAR
RETURNS — CLASS A SHARES |
Best
Quarter |
2nd
quarter, 2020 |
9.59% |
Worst
Quarter |
1st
quarter, 2020 |
-10.07% |
The
Fund’s year-to-date total return |
through |
9/30/23 |
was |
3.43% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2022) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
CLASS
A SHARES |
|
|
|
Return
Before Taxes |
-18.14
% |
0.77
% |
4.10
% |
Return
After Taxes on Distributions |
-19.32 |
-1.52 |
2.33 |
Return
After Taxes on Distributions and
Sale
of Fund Shares |
-10.35 |
0.35 |
2.88 |
CLASS
C SHARES |
|
|
|
Return
Before Taxes |
-15.79 |
1.09 |
4.06 |
CLASS
I SHARES |
|
|
|
Return
Before Taxes |
-14.17 |
1.85 |
4.71 |
S&P
TARGET DATE 2020 INDEX
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
-12.81 |
3.14 |
5.50 |
JPM
SMARTRETIREMENT 2020
COMPOSITE
BENCHMARK
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
-13.38 |
2.44 |
5.01 |
Portfolio
Manager |
Managed
Fund
Since |
Primary
Title with
Investment
Adviser |
Daniel
Oldroyd |
2010 |
Managing
Director |
Silvia
Trillo |
2019 |
Managing
Director |
Ove
Fladberg |
2022 |
Managing
Director |
Anshul
Mohan |
2023 |
Executive
Director |
Jeffrey
A. Geller |
2008 |
Managing
Director |
For
Class A and Class C Shares |
|
To
establish an account |
$500 |
To
add to an account |
$50 |
For
Class I Shares |
|
To
establish an account |
$1,000,000 |
To
add to an account |
No
minimum levels |
SHAREHOLDER
FEES (Fees
paid directly from your investment) | |||
|
Class
A |
Class
C |
Class
I |
Maximum
Sales Charge (Load) Imposed
on
Purchases as % of Offering Price |
4.50% |
NONE |
NONE |
Maximum
Deferred Sales Charge (Load)
as
% of Original Cost of the Shares |
NONE1
|
1.00% |
NONE |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |||
|
Class
A |
Class
C |
Class
I |
Management
Fees |
NONE |
NONE |
NONE |
Distribution
(Rule 12b-1)
Fees |
0.25 |
0.75 |
NONE |
Other
Expenses |
0.27 |
0.28 |
0.27 |
Service
Fees |
0.25 |
0.25 |
0.25 |
Remainder
of Other
Expenses |
0.02 |
0.03 |
0.02 |
Acquired
Fund (Underlying
Fund)
Fees and Expenses |
0.35 |
0.35 |
0.35 |
Total
Annual Fund Operating
Expenses |
0.87 |
1.38 |
0.62 |
Fee
Waivers and/or Expense
Reimbursements1 |
-0.09 |
-0.04 |
-0.03 |
Total
Annual Fund Operating
Expenses
after Fee Waivers
and/or
Expense Reimburse-
ments1 |
0.78 |
1.34 |
0.59 |
IF
YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
CLASS
A SHARES ($) |
526 |
706 |
902 |
1,466 |
CLASS
C SHARES ($) |
236 |
433 |
751 |
1,515 |
CLASS
I SHARES ($) |
60 |
196 |
343 |
771 |
IF
YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
CLASS
A SHARES ($) |
526 |
706 |
902 |
1,466 |
CLASS
C SHARES ($) |
136 |
433 |
751 |
1,515 |
CLASS
I SHARES ($) |
60 |
196 |
343 |
771 |
Target
Allocations1
| |
Fixed
Income |
50.20
% |
U.S.
Fixed Income |
35.36
% |
Inflation
Managed |
4.80
% |
High
Yield Fixed Income |
8.54
% |
Emerging
Markets Debt |
1.50
% |
Equity |
47.80
% |
U.S.
Large Cap Equity |
23.44
% |
U.S.
Mid Cap Equity |
3.34
% |
U.S.
Small Cap Equity |
2.88
% |
REITs |
0.95
% |
International
Equity |
13.06
% |
Emerging
Markets Equity |
4.13
% |
Money
Market/Cash and Cash Equivalents |
2.00
% |
Money
Market/Cash and Cash Equivalents |
2.00
% |
YEAR-BY-YEAR
RETURNS — CLASS A SHARES |
Best
Quarter |
2nd
quarter, 2020 |
11.64% |
Worst
Quarter |
1st
quarter, 2020 |
-13.05% |
The
Fund’s year-to-date total return |
through |
9/30/23 |
was |
4.12% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2022) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
CLASS
A SHARES |
|
|
|
Return
Before Taxes |
-19.63
% |
1.32
% |
4.96
% |
Return
After Taxes on Distributions |
-21.06 |
-0.84 |
3.23 |
Return
After Taxes on Distributions and
Sale
of Fund Shares |
-10.92 |
0.81 |
3.59 |
CLASS
C SHARES |
|
|
|
Return
Before Taxes |
-17.38 |
1.66 |
4.92 |
CLASS
I SHARES |
|
|
|
Return
Before Taxes |
-15.72 |
2.43 |
5.58 |
S&P
TARGET DATE 2025 INDEX
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
-13.13 |
3.75 |
6.23 |
JPM
SMARTRETIREMENT 2025
COMPOSITE
BENCHMARK
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
-14.80 |
3.08 |
5.89 |
Portfolio
Manager |
Managed
Fund
Since |
Primary
Title with
Investment
Adviser |
Daniel
Oldroyd |
2010 |
Managing
Director |
Silvia
Trillo |
2019 |
Managing
Director |
Ove
Fladberg |
2022 |
Managing
Director |
Anshul
Mohan |
2023 |
Executive
Director |
Jeffrey
A. Geller |
2008 |
Managing
Director |
For
Class A and Class C Shares |
|
To
establish an account |
$500 |
To
add to an account |
$50 |
For
Class I Shares |
|
To
establish an account |
$1,000,000 |
To
add to an account |
No
minimum levels |
SHAREHOLDER
FEES (Fees
paid directly from your investment) | |||
|
Class
A |
Class
C |
Class
I |
Maximum
Sales Charge (Load) Imposed
on
Purchases as % of Offering Price |
4.50% |
NONE |
NONE |
Maximum
Deferred Sales Charge (Load)
as
% of Original Cost of the Shares |
NONE1
|
1.00% |
NONE |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |||
|
Class
A |
Class
C |
Class
I |
Management
Fees |
NONE |
NONE |
NONE |
Distribution
(Rule 12b-1)
Fees |
0.25 |
0.75 |
NONE |
Other
Expenses |
0.27 |
0.28 |
0.26 |
Service
Fees |
0.25 |
0.25 |
0.25 |
Remainder
of Other
Expenses |
0.02 |
0.03 |
0.01 |
Acquired
Fund (Underlying
Fund)
Fees and Expenses |
0.35 |
0.35 |
0.35 |
Total
Annual Fund Operating
Expenses |
0.87 |
1.38 |
0.61 |
Fee
Waivers and/or Expense
Reimbursements1 |
-0.08 |
-0.03 |
-0.01 |
Total
Annual Fund Operating
Expenses
after Fee Waivers
and/or
Expense Reimburse-
ments1 |
0.79 |
1.35 |
0.60 |
IF
YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
CLASS
A SHARES ($) |
527 |
707 |
903 |
1,467 |
CLASS
C SHARES ($) |
237 |
434 |
752 |
1,515 |
CLASS
I SHARES ($) |
61 |
194 |
339 |
761 |
IF
YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
CLASS
A SHARES ($) |
527 |
707 |
903 |
1,467 |
CLASS
C SHARES ($) |
137 |
434 |
752 |
1,515 |
CLASS
I SHARES ($) |
61 |
194 |
339 |
761 |
Target
Allocations1
| |
Equity |
60.77
% |
U.S.
Large Cap Equity |
29.81
% |
U.S.
Mid Cap Equity |
4.24
% |
U.S.
Small Cap Equity |
3.65
% |
REITs |
1.20
% |
International
Equity |
16.40
% |
Emerging
Markets Equity |
5.47
% |
Fixed
Income |
39.23
% |
U.S.
Fixed Income |
30.16
% |
Inflation
Managed |
1.20
% |
High
Yield Fixed Income |
6.68
% |
Emerging
Markets Debt |
1.19
% |
Money
Market/Cash and Cash Equivalents |
0.00
% |
Money
Market/Cash and Cash Equivalents |
0.00
% |
YEAR-BY-YEAR
RETURNS — CLASS A SHARES |
Best
Quarter |
2nd
quarter, 2020 |
13.28% |
Worst
Quarter |
1st
quarter, 2020 |
-15.57% |
The
Fund’s year-to-date total return |
through |
9/30/23 |
was |
5.26% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2022) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
CLASS
A SHARES |
|
|
|
Return
Before Taxes |
-20.55
% |
1.78
% |
5.68
% |
Return
After Taxes on Distributions |
-22.23 |
-0.57 |
3.87 |
Return
After Taxes on Distributions and
Sale
of Fund Shares |
-11.41 |
1.15 |
4.20 |
CLASS
C SHARES |
|
|
|
Return
Before Taxes |
-18.28 |
2.14 |
5.64 |
CLASS
I SHARES |
|
|
|
Return
Before Taxes |
-16.69 |
2.90 |
6.30 |
S&P
TARGET DATE 2030 INDEX
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
-13.96 |
4.17 |
6.84 |
JPM
SMARTRETIREMENT 2030
COMPOSITE
BENCHMARK
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
-15.66 |
3.58 |
6.60 |
Portfolio
Manager |
Managed
Fund
Since |
Primary
Title with
Investment
Adviser |
Daniel
Oldroyd |
2010 |
Managing
Director |
Silvia
Trillo |
2019 |
Managing
Director |
Ove
Fladberg |
2022 |
Managing
Director |
Anshul
Mohan |
2023 |
Executive
Director |
Jeffrey
A. Geller |
2008 |
Managing
Director |
For
Class A and Class C Shares |
|
To
establish an account |
$500 |
To
add to an account |
$50 |
For
Class I Shares |
|
To
establish an account |
$1,000,000 |
To
add to an account |
No
minimum levels |
SHAREHOLDER
FEES (Fees
paid directly from your investment) | |||
|
Class
A |
Class
C |
Class
I |
Maximum
Sales Charge (Load) Imposed
on
Purchases as % of Offering Price |
4.50% |
NONE |
NONE |
Maximum
Deferred Sales Charge (Load)
as
% of Original Cost of the Shares |
NONE1
|
1.00% |
NONE |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |||
|
Class
A |
Class
C |
Class
I |
Management
Fees |
NONE |
NONE |
NONE |
Distribution
(Rule 12b-1)
Fees |
0.25 |
0.75 |
NONE |
Other
Expenses |
0.27 |
0.29 |
0.27 |
Service
Fees |
0.25 |
0.25 |
0.25 |
Remainder
of Other
Expenses |
0.02 |
0.04 |
0.02 |
Acquired
Fund (Underlying
Fund)
Fees and Expenses |
0.40 |
0.40 |
0.40 |
Total
Annual Fund Operating
Expenses |
0.92 |
1.44 |
0.67 |
Fee
Waivers and/or Expense
Reimbursements1 |
-0.09 |
-0.05 |
-0.03 |
Total
Annual Fund Operating
Expenses
after Fee Waivers
and/or
Expense Reimburse-
ments1 |
0.83 |
1.39 |
0.64 |
IF
YOU SELL YOUR SHARES, YOUR COST WOULD BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
CLASS
A SHARES ($) |
531 |
722 |
928 |
1,522 |
CLASS
C SHARES ($) |
242 |
451 |
782 |
1,579 |
CLASS
I SHARES ($) |
65 |
211 |
370 |
832 |
IF
YOU DO NOT SELL YOUR SHARES, YOUR COST
WOULD
BE: | ||||
|
1
Year |
3
Years |
5
Years |
10
Years |
CLASS
A SHARES ($) |
531 |
722 |
928 |
1,522 |
CLASS
C SHARES ($) |
142 |
451 |
782 |
1,579 |
CLASS
I SHARES ($) |
65 |
211 |
370 |
832 |
Target
Allocations1
| |
Equity |
73.18
% |
U.S.
Large Cap Equity |
35.89
% |
U.S.
Mid Cap Equity |
5.11
% |
U.S.
Small Cap Equity |
4.40
% |
REITs |
1.45
% |
International
Equity |
19.75
% |
Emerging
Markets Equity |
6.58
% |
Fixed
Income |
26.82
% |
U.S.
Fixed Income |
21.44
% |
Inflation
Managed |
0.00
% |
High
Yield Fixed Income |
4.57
% |
Emerging
Markets Debt |
0.81
% |
Money
Market/Cash and Cash Equivalents |
0.00
% |
Money
Market/Cash and Cash Equivalents |
0.00
% |
YEAR-BY-YEAR
RETURNS — CLASS A SHARES |
Best
Quarter |
2nd
quarter, 2020 |
15.57% |
Worst
Quarter |
1st
quarter, 2020 |
-18.25% |
The
Fund’s year-to-date total return |
through |
9/30/23 |
was |
6.31% |
. |
AVERAGE
ANNUAL TOTAL RETURNS
(For
periods ended December 31, 2022) | |||
|
Past
1
Year |
Past
5
Years |
Past
10
Years |
CLASS
A SHARES |
|
|
|
Return
Before Taxes |
-21.19
% |
2.54
% |
6.42
% |
Return
After Taxes on Distributions |
-22.75 |
0.32 |
4.67 |
Return
After Taxes on Distributions and
Sale
of Fund Shares |
-11.54 |
1.85 |
4.86 |
CLASS
C SHARES |
|
|
|
Return
Before Taxes |
-18.96 |
2.89 |
6.38 |
CLASS
I SHARES |
|
|
|
Return
Before Taxes |
-17.33 |
3.67 |
7.05 |
S&P
TARGET DATE 2035 INDEX
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
-14.99 |
4.63 |
7.42 |
JPM
SMARTRETIREMENT 2035
COMPOSITE
BENCHMARK
(Reflects
No Deduction for Fees,
Expenses,
or Taxes) |
-16.24 |
4.24 |
7.29 |
Portfolio
Manager |
Managed
Fund
Since |
Primary
Title with
Investment
Adviser |
Daniel
Oldroyd |
2010 |
Managing
Director |
Silvia
Trillo |
2019 |
Managing
Director |
Ove
Fladberg |
2022 |
Managing
Director |
Anshul
Mohan |
2023 |
Executive
Director |
Jeffrey
A. Geller |
2008 |
Managing
Director |
For
Class A and Class C Shares |
|
To
establish an account |
$500 |
To
add to an account |
$50 |
For
Class I Shares |
|
To
establish an account |
$1,000,000 |
To
add to an account |
No
minimum levels |
SHAREHOLDER
FEES (Fees
paid directly from your investment) | |||
|
Class
A |
Class
C |
Class
I |
Maximum
Sales Charge (Load) Imposed
on
Purchases as % of Offering Price |
4.50% |
NONE |
NONE |
Maximum
Deferred Sales Charge (Load)
as
% of Original Cost of the Shares |
NONE1
|
1.00% |
NONE |
ANNUAL
FUND OPERATING EXPENSES
(Expenses
that you pay each year as a percentage of the value
of
your investment) | |||
|
Class
A |
Class
C |
Class
I |
Management
Fees |
NONE |
NONE |
NONE |
|