Asset allocation and diversification do not ensure a profit or protect against a loss.

Past performance does not guarantee future results.

Morningstar ratings for the other time periods as of 12/31/2014 are as follows: Class A Load Waived, 3-year (4 stars/575 funds), 5-year (5 stars/463 funds), 10-year (n/a stars/253 funds), Class A With Load, 3-year (3 stars/575 funds), 5-year (4 stars/463 funds), 10-year (n/a stars/253 funds). Past performance is no guarantee of future results. Morningstar proprietary ratings reflect historical risk-adjusted performance for funds with at least a 3-year performance history and are subject to change each month. Morningstar Ratings TM are calculated from a fund’s three-, five-, and ten-year average annual returns in excess of the 90-day U.S. Treasury bill returns, with appropriate fee adjustments, and a risk factor that reflects performance below the 90-day Treasury bill return. Within each asset class the top 10% of funds receive 5 stars (Highest); the next 22.5% receive 4 stars (Above Average); the middle 35% earn 3 stars (Average); the next 22.5% receive 2 stars (Below Average); and the bottom 10% receive 1 star (Lowest). The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five-, and ten-year (if applicable) Morningstar Rating metrics. 2015 Morningstar, Inc. All rights reserved. Part of the mutual fund data contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Fixed-income investments are subject to interest rate risk; as interest rates rise their value will decline. Lower-rated securities are subject to additional credit and default risks. Risks of preferred securities differ from risks inherent in other investments. In particular, in a bankruptcy preferred securities are senior to common stock but subordinate to other corporate debt. International investing involves greater risks such as currency fluctuations, political/social instability and differing accounting standards. REITs are subject to risks associated with the real estate industry and REIT registration tax factors.

Fixed-income and asset allocation investment options that invest in mortgage securities are subject to increased risk due to real estate exposure.

A master limited partnership that invests in a particular industry may be harmed by economic events, subject to less regulation (and less protection for investors) than corporations under state laws, and subject to state taxation that may reduce income paid to its investors.

Infrastructure companies may be subject to a variety of factors that may adversely affect their business, including high interest costs, high leverage, regulation costs, economic slowdown, surplus capacity, increased competition, lack of fuel availability, and energy conservation policies.

Call option writing seeks to reduce the volatility of underlying equities and improve the Fund’s economics through receipt of option premium. Though premiums are not considered income, they do accrue and may cause the Fund’s price to rise. This may limit upside potential and loss is possible.

Investing in derivatives entails specific risks relating to liquidity, leverage, and credit, which may reduce returns and/or increase volatility.

Class I & P shares are available only to eligible investors including, but not limited to, various institutional/platform, certain mutual fund wrap or asset allocation program investors.

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