Minimums & Pricing
Updated August 2022
Share Classes & Definitions / C Class
C Class shares are available for purchase through broker-dealers and other financial intermediaries. These shares do not have an initial sales charge but carry an ongoing distribution and service (12b-1) fee, and a CDSC when redeemed within one year of purchase. If shares are purchased with a dealer commission and redeemed within 12 months of purchase, the CDSC of 1.00% will apply. The distribution and service (12b-1) fee is not paid until the CDSC period has expired (it is retained by the distributor). If C Class shares are purchased in an employer-sponsored retirement plan (other than a SEP IRAs, SIMPLE IRAs or SARSEPs), no dealer commission will be paid. Shares purchased in this way are not subject to a CDSC, and the financial professional begins receiving the distribution and service (12b-1) fee at the time of purchase.
As of May 1, 2021, and except as otherwise noted, C Class shares will automatically convert to A Class shares after being held for 8 years. The automatic conversion will be executed in the month following the 8-year anniversary of the purchase date for such C Class shares without any sales charge, fee or other charges. After the conversion takes place, the shares will be subject to all features and expenses of A Class shares. The conversion from C Class shares to A Class shares is not considered a taxable event for Federal income tax purposes. Please note, trusts and recordkeepers should not purchase C Class shares unless share aging can be tracked properly.
Money Market Fund: You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. The fund may impose a fee upon sale of your shares. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor is not required to reimburse the fund for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress.
Refer to Fund Minimums for additional eligibility information.
Only Investor Class shares are made available to investors directly. Advisor, A, C, I, and Y Classes of shares are only available for purchase by institutions or other financial intermediaries. R, R5, and R6 Classes of shares are only available for purchase by group employer-sponsored retirement plans. Review definitions and minimums for all share classes.