Average annual total return measures net investment income and capital gain or loss from portfolio investments as an annualized average. All performance shown assumes reinvestment of dividends and capital gains distributions. Performance shown reflects an expense reimbursement that improved results. Load-adjusted returns are adjusted for the maximum front-end sales load of 2.25%* for Class A shares in the following funds: Convertible Fund, Global Convertible Fund, Market Neutral Income Fund, High Income Opportunities Fund, and Total Return Bond Fund. The maximum front-end sales load for Class A shares of all other funds is 4.75%. There is a 1% contingent deferred sales charge for C shares on certain redemptions within the first year of purchase. Class C shares have been adjusted for the contingent deferred sales charge (CDSC). There are no contingent deferred sales charges or distribution or service fees with respect to Class I shares. The minimum initial investment required to purchase each Fund's Class I shares is $1 million. Class I shares are offered primarily for direct investment by investors through certain tax-exempt retirement plans (including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans, defined benefit plans and non-qualified deferred compensation plans) and by institutional clients, provided such plans or clients have assets of at least $1 million. Class I shares may also be offered to certain other entities or programs, including, but not limited to, investment companies, under certain circumstances. *Prior to 2/28/17, the Convertible Fund, Global Convertible Fund, Market Neutral Income Fund, and High Income Opportunities fund had a maximum front-end sales load of 4.75%, and the Total Return Bond Fund had a maximum front-end sales load of 3.75%.
The funds' gross expense ratios as of the prospectus dated 2/28/17 are as follows: Growth A 1.35%, C 2.10% and I 1.10%; Growth and Income A 1.12%, C 1.87% and I 0.87%; Opportunistic Value A 1.57%, C 2.32% and I 1.32%; Dividend Growth A 1.74%, C 2.49% and I 1.49%; Global Growth and Income A 1.46%, C 2.21% and I 1.21%; International Growth A 1.39%, C 2.14% and I 1.14%; Global Equity A 1.50%, C 2.25% and I 1.25%; Evolving World Growth A 1.64%, C 2.39% and I 1.39%; Emerging Market Equity A 2.50%, C 3.25% and I 2.25%; Convertible A 1.15%, C 1.90% and I 0.90%; Global Convertible A 1.47%, C 2.22% and I 1.22%; Market Neutral Income A 1.22%, C 1.97% and I 0.97%; Phineus Long/Short A 4.29%, C 5.07% and I 4.29%; Hedged Equity Income A 2.04%, C 2.80% and I 1.82%; High Income Opportunities A 1.18%, C 1.93% and I 0.93% (7/1/17); and Total Return Bond A 0.97%, C 1.72% and I 0.72% (6/1/17).
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus containing this and other information or call 800-582-6959. Read it carefully.