Other Expenses and Total Expenses do not include interest expenses arising from the application of SFAS No. 140 to certain inverse floating rate securities (if any) held by the Fund. Interest expense arises because accounting rules require the fund to treat interest paid by trusts issuing certain inverse floating rate instruments held by the fund as having been paid (indirectly) by the fund. Because the fund also recognizes a corresponding amount of additional income earned (also indirectly), the fund's net asset value per share, net investment income and total return have not been affected by this accounting treatment. See the fund's Annual Report for information on the fund's inverse floater investments (if any) and recognized interest expense.

Expense ratio shown may reflect a voluntary expense waiver by the fund's investment adviser which can be modified or discontinued at any time without notice and may also reflect custodian fee credits and legal fee refunds. Absent the limitation, credits and refunds, expenses would be higher and total returns would be less. See the fund’s Annual Report for information on expenses and waivers. Ratios do not reflect the effect of dividend payments to preferred shareholders.