The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 1-800-673-0550. Returns over one year are annualized.
Performance results with sales charges reflect the deduction of the maximum front-end sales charge (or the deduction of the applicable contingent deferred sale charge.) Class A shares are subject to a maximum front-end sales charge of 5.75%. Performance presented at NAV does not include a sales charge and would be lower if a charge was reflected. Investors who may purchase Class A Shares without paying a front-end sales charge will be subject to a 1.00% deferred sales charge if you redeem your shares within 1 year of purchase.
Total expense ratios: Class A 1.79% and Advisor 1.61% (Net expense ratios after fee waiver and reimbursement: Class A 1.50% and Advisor 1.25%). The Adviser has entered into a written expense limitation agreement under which it has agreed to limit the total expenses of the Fund (exclusive of interest, distribution fees pursuant to Rule 12b-1 Plans, taxes, acquired fund fees and expenses, brokerage commissions, extraordinary expenses and dividend expense on short sales) to an annual rate of 1.25% of the average daily net assets of the Fund. The Trust and the Adviser may terminate this expense limitation agreement prior to January 31, 2024, only by mutual written consent. If waivers had not been made, returns would have been lower.
The Russell 1000 Value Index is an unmanaged index that measures the performance of the large-cap value segment of the U.S. equity universe. The Index figures do not reflect any deduction for fees, expenses, or taxes. It is not possible to invest directly in an unmanaged index.