Investment Minimums
Individual Investors $5 Million
Institutional Investors $100,000
Fee-based Accounts Offered By Financial Advisors None

To be eligible for Class I Shares, a financial advisor must invest a minimum of $100,000 across all client accounts. Certain other categories of investors may invest at a reduced minimum. See Prospectus for details.

Shareholder Fees
Sales Load None
Deferred Sales Load None
Redemption Fees None

 

Annual Fund Operating Expenses
Management Fee 0.35%
Distribution (12b-1) Fee None
Acquired Fund Fees 0.03%
Other Expenses
Dividends On Short Sales None
All Other Expenses 1.51%
Gross Expenses 1.89%
Less: Fee Waivers -1.21%
Expense Cap+ 0.65%
Expense Cap Expiration Date: 1/28/15

+ The Adviser has contractually agreed to waive its management fee and/or reimburse expenses to the extent necessary to maintain the Total Annual Fund Operating Expenses at the stated levels. These expense caps are exclusive of expenses that may apply to some of the Funds, such as acquired fund fees, expenses related to short and borrowing costs and extraordinary expenses. See the Prospectus for additional details.