Distributions

Each Fund pays its shareholders dividends from any net investment income and distributes net capital gains that it has realized, if any, after offset by net capital loss carryovers. Income dividends and capital gain distributions, if any, are normally declared and paid annually. Your distributions will be reinvested in shares of the distributing Fund unless you instruct the Fund otherwise.

TAXES

Generally, you will be taxed when you sell or exchange shares of a Fund and when you receive distributions (whether reinvested in additional shares or taken in cash). Typically, your tax treatment will be as follows:

2024 DISTRIBUTIONS

2023 DISTRIBUTIONS

2022 DISTRIBUTIONS

2021 DISTRIBUTIONS

2020 DISTRIBUTIONS

2019 DISTRIBUTIONS

2018 DISTRIBUTIONS