Fees & Expenses
* No sales charge is payable at the time of purchase on investments of $1 million or more. A Contingent Deferred Sales Charge of 1.00% may be imposed on certain purchases of Class A shares. Please see the prospectus for more details.
**"Other Expenses" shown reflect actual expenses for the Fund for the fiscal year ended October 31, 2015.
***The Adviser has contractually agreed to waive its management fee at an annual rate in the amount of 0.05% of the average daily value of the Fund's net assets for the period March 1, 2016 through February 28, 2017. This waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.75% to 0.70%.
****The Adviser has contractually agreed to waive its management fee at an annual rate in the amount of 0.05% of the average daily value of the Fund’s net assets for the period through February 28, 2017. This waiver has the effect of reducing the management fee shown in the table for the term of the waiver from 0.70% to 0.65%.
*****For the prior fiscal year, the effective management fee rate was 0.97%. The lower rate shown here applies as of March 1, 2016 and reflects the following terms: 0.90% on the Fund’s first $5 billion in net assets, and 0.85% in excess of $5 billion.
Payout Schedule (Class A Shares)
FEF Distributors, as the Funds' principal underwriter, may pay dealers of record commissions (as detailed below) on purchases of Class A Shares that were not previously subject to a front-end sales charge and dealer commission.
(as a % of purchase amount)
|$1,000,000 - $2,999,999||1.00%|
|$3,000,000 - $4,999,999||.75%|
|$5,000,000 - $9,999,999||.50%|
|$10,000,000 and up||.25%|
If you redeem any of those shares within the 18 months of the end of the calendar month of their purchase, a contingent deferred sales charge (called the "Class A contingent deferred sales charge") may be deducted from the redemption proceeds. The Class A contingent deferred sales charge may be up to, but will not exceed, 1.00% of the lesser (1) the aggregate net asset value of the redeemed shares at the time of redemption (excluding shares purchased by reinvestment of dividends or capital gain distributions), or (2) the original net asset value of the redeemed shares.