Floating Rate Income Fund

© 2026 Morningstar, Inc. All Rights Reserved. Theinformation contained herein: (1) is proprietary to Morningstar; (2) may not becopied or distributed; and (3) is not warranted to be accurate, complete ortimely. Neither Morningstar nor its content providers are responsible for anydamages or losses arising from any use of this information. Past performance isno guarantee of future results.

The Morningstar Medalist Rating is the summary expression ofMorningstar’s forward‑looking analysis of investment strategies as offered viaspecific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, andNegative. The Medalist Ratings indicate which investments Morningstar believesare likely to outperform their Morningstar Category average on a risk‑adjustedbasis over time. Investment products are evaluated on three fundamental pillars(People, Parent, and Process) and the Medalist Rating Price Score, which formsthe basis for Morningstar’s conviction in those products’ investment merits anddetermines the Medalist Rating they are assigned. Pillar ratings take the formof Low (‑2), Below Average (‑1), Average (0), Above Average (+1), and High(+2). Pillars may be evaluated via an analyst’s qualitative assessment (eitherdirectly to a vehicle the analyst covers or indirectly when the pillar ratingsof a covered vehicle are mapped to a related uncovered vehicle) or usingalgorithmic techniques. The cost of an investment product is evaluated usingthe Medalist Rating Price Score, which is a continuous score running fromnegative 2.5 to positive 2.5 based on the percentile rank of a vehicle’sexpense ratio within its Morningstar Category. Morningstar combines the pillarscores and Medalist Rating Price Score using predetermined weights for activelyand passively managed vehicles to calculate a weighted score. The weightedscore is then compared to a set of fixed numeric thresholds employed consistentlyacross Morningstar Categories and regions, with separate thresholds foractively and passively managed investments. Rating thresholds are reviewed atleast annually. Buffers and ratings caps are employed to prevent frequentratings changes. When analysts directly cover a vehicle, they assign thefundamental pillar ratings based on their qualitative assessment, subject tothe oversight of the Analyst Rating Committee, and monitor and reevaluate themapproximately once a year. When vehicles are covered either indirectly byanalysts or by algorithm, the ratings are assigned monthly. For more detailedinformation about the Medalist Ratings, including their methodology, pleasevisit: http://global.morningstar.com/managerdisclosures The MorningstarMedalist Ratings are not statements of fact, nor are they credit or riskratings. The Morningstar Medalist Rating (i) should not be used as the solebasis in evaluating an investment product, (ii) involves unknown risks anduncertainties which may cause expectations not to occur or to differsignificantly from what was expected, (iii) is not guaranteed to be based oncomplete or accurate assumptions or models when determined algorithmically,(iv) involves the risk that return targets will not be met due to unforeseenchanges in management, technology, economic development, interest ratedevelopment, operating and/or material costs, competitive pressure, supervisorylaw, exchange rates, tax rates, or political and social conditions, and (v)should not be considered an offer or solicitation to buy or sell the investmentproduct. A change in the fundamental factors underlying the MorningstarMedalist Rating may result in the rating no longer being accurate. Analysts donot have any other material conflicts of interest at the time of publication.Users wishing to obtain further information should contact their localMorningstar office.

The Morningstar Rating^TM for funds, or “starrating”, is calculated for managed products (including mutual funds, variableannuity and variable life subaccounts, exchange-traded funds, closed-end funds,and separate accounts) with at least a three-year history. Exchange-tradedfunds and open-ended mutual funds are considered a single population forcomparative purposes. It is calculated based on a Morningstar Risk-AdjustedReturn measure that accounts for variation in a managed product’s monthlyexcess performance, placing more emphasis on downward variations and rewardingconsistent performance. The Morningstar Rating does not include any adjustmentfor sales loads. The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next22.5% receive 2 stars, and the bottom 10% receive 1 star. The OverallMorningstar Rating for a managed product is derived from a weighted average ofthe performance figures associated with its three-, five-, and 10-year (ifapplicable) Morningstar Rating metrics. The weights are: 100% three-year ratingfor 36-59 months of total returns, 60% five-year rating/40% three-year ratingfor 60-119 months of total returns, and 50% 10-year rating/30% five-yearrating/20% three-year rating for 120 or more months of total returns. While the10-year overall star rating formula seems to give the most weight to the10-year period, the most recent three-year period actually has the greatestimpact because it is included in all three rating periods. Past performance isno guarantee of future results.

© 2026 Morningstar, Inc. All Rights Reserved. Theinformation contained herein: (1) is proprietary to Morningstar; (2) may not becopied or distributed; and (3) is not warranted to be accurate, complete ortimely. Neither Morningstar nor its content providers are responsible for anydamages or losses arising from any use of this information. Past performance isno guarantee of future results.

The Morningstar Medalist Rating is the summary expression ofMorningstar’s forward‑looking analysis of investment strategies as offered viaspecific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, andNegative. The Medalist Ratings indicate which investments Morningstar believesare likely to outperform their Morningstar Category average on a risk‑adjustedbasis over time. Investment products are evaluated on three fundamental pillars(People, Parent, and Process) and the Medalist Rating Price Score, which formsthe basis for Morningstar’s conviction in those products’ investment merits anddetermines the Medalist Rating they are assigned. Pillar ratings take the formof Low (‑2), Below Average (‑1), Average (0), Above Average (+1), and High(+2). Pillars may be evaluated via an analyst’s qualitative assessment (eitherdirectly to a vehicle the analyst covers or indirectly when the pillar ratingsof a covered vehicle are mapped to a related uncovered vehicle) or usingalgorithmic techniques. The cost of an investment product is evaluated usingthe Medalist Rating Price Score, which is a continuous score running fromnegative 2.5 to positive 2.5 based on the percentile rank of a vehicle’sexpense ratio within its Morningstar Category. Morningstar combines the pillarscores and Medalist Rating Price Score using predetermined weights for activelyand passively managed vehicles to calculate a weighted score. The weightedscore is then compared to a set of fixed numeric thresholds employed consistentlyacross Morningstar Categories and regions, with separate thresholds foractively and passively managed investments. Rating thresholds are reviewed atleast annually. Buffers and ratings caps are employed to prevent frequentratings changes. When analysts directly cover a vehicle, they assign thefundamental pillar ratings based on their qualitative assessment, subject tothe oversight of the Analyst Rating Committee, and monitor and reevaluate themapproximately once a year. When vehicles are covered either indirectly byanalysts or by algorithm, the ratings are assigned monthly. For more detailedinformation about the Medalist Ratings, including their methodology, pleasevisit: http://global.morningstar.com/managerdisclosures The MorningstarMedalist Ratings are not statements of fact, nor are they credit or riskratings. The Morningstar Medalist Rating (i) should not be used as the solebasis in evaluating an investment product, (ii) involves unknown risks anduncertainties which may cause expectations not to occur or to differsignificantly from what was expected, (iii) is not guaranteed to be based oncomplete or accurate assumptions or models when determined algorithmically,(iv) involves the risk that return targets will not be met due to unforeseenchanges in management, technology, economic development, interest ratedevelopment, operating and/or material costs, competitive pressure, supervisorylaw, exchange rates, tax rates, or political and social conditions, and (v)should not be considered an offer or solicitation to buy or sell the investmentproduct. A change in the fundamental factors underlying the MorningstarMedalist Rating may result in the rating no longer being accurate. Analysts donot have any other material conflicts of interest at the time of publication.Users wishing to obtain further information should contact their localMorningstar office.

The Morningstar Rating^TM for funds, or “starrating”, is calculated for managed products (including mutual funds, variableannuity and variable life subaccounts, exchange-traded funds, closed-end funds,and separate accounts) with at least a three-year history. Exchange-tradedfunds and open-ended mutual funds are considered a single population forcomparative purposes. It is calculated based on a Morningstar Risk-AdjustedReturn measure that accounts for variation in a managed product’s monthlyexcess performance, placing more emphasis on downward variations and rewardingconsistent performance. The Morningstar Rating does not include any adjustmentfor sales loads. The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next22.5% receive 2 stars, and the bottom 10% receive 1 star. The OverallMorningstar Rating for a managed product is derived from a weighted average ofthe performance figures associated with its three-, five-, and 10-year (ifapplicable) Morningstar Rating metrics. The weights are: 100% three-year ratingfor 36-59 months of total returns, 60% five-year rating/40% three-year ratingfor 60-119 months of total returns, and 50% 10-year rating/30% five-yearrating/20% three-year rating for 120 or more months of total returns. While the10-year overall star rating formula seems to give the most weight to the10-year period, the most recent three-year period actually has the greatestimpact because it is included in all three rating periods. Past performance isno guarantee of future results.

© 2026 Morningstar, Inc. All Rights Reserved. Theinformation contained herein: (1) is proprietary to Morningstar; (2) may not becopied or distributed; and (3) is not warranted to be accurate, complete ortimely. Neither Morningstar nor its content providers are responsible for anydamages or losses arising from any use of this information. Past performance isno guarantee of future results.

The Morningstar Medalist Rating is the summary expression ofMorningstar’s forward‑looking analysis of investment strategies as offered viaspecific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, andNegative. The Medalist Ratings indicate which investments Morningstar believesare likely to outperform their Morningstar Category average on a risk‑adjustedbasis over time. Investment products are evaluated on three fundamental pillars(People, Parent, and Process) and the Medalist Rating Price Score, which formsthe basis for Morningstar’s conviction in those products’ investment merits anddetermines the Medalist Rating they are assigned. Pillar ratings take the formof Low (‑2), Below Average (‑1), Average (0), Above Average (+1), and High(+2). Pillars may be evaluated via an analyst’s qualitative assessment (eitherdirectly to a vehicle the analyst covers or indirectly when the pillar ratingsof a covered vehicle are mapped to a related uncovered vehicle) or usingalgorithmic techniques. The cost of an investment product is evaluated usingthe Medalist Rating Price Score, which is a continuous score running fromnegative 2.5 to positive 2.5 based on the percentile rank of a vehicle’sexpense ratio within its Morningstar Category. Morningstar combines the pillarscores and Medalist Rating Price Score using predetermined weights for activelyand passively managed vehicles to calculate a weighted score. The weightedscore is then compared to a set of fixed numeric thresholds employed consistentlyacross Morningstar Categories and regions, with separate thresholds foractively and passively managed investments. Rating thresholds are reviewed atleast annually. Buffers and ratings caps are employed to prevent frequentratings changes. When analysts directly cover a vehicle, they assign thefundamental pillar ratings based on their qualitative assessment, subject tothe oversight of the Analyst Rating Committee, and monitor and reevaluate themapproximately once a year. When vehicles are covered either indirectly byanalysts or by algorithm, the ratings are assigned monthly. For more detailedinformation about the Medalist Ratings, including their methodology, pleasevisit: http://global.morningstar.com/managerdisclosures The MorningstarMedalist Ratings are not statements of fact, nor are they credit or riskratings. The Morningstar Medalist Rating (i) should not be used as the solebasis in evaluating an investment product, (ii) involves unknown risks anduncertainties which may cause expectations not to occur or to differsignificantly from what was expected, (iii) is not guaranteed to be based oncomplete or accurate assumptions or models when determined algorithmically,(iv) involves the risk that return targets will not be met due to unforeseenchanges in management, technology, economic development, interest ratedevelopment, operating and/or material costs, competitive pressure, supervisorylaw, exchange rates, tax rates, or political and social conditions, and (v)should not be considered an offer or solicitation to buy or sell the investmentproduct. A change in the fundamental factors underlying the MorningstarMedalist Rating may result in the rating no longer being accurate. Analysts donot have any other material conflicts of interest at the time of publication.Users wishing to obtain further information should contact their localMorningstar office.

The Morningstar Rating^TM for funds, or “starrating”, is calculated for managed products (including mutual funds, variableannuity and variable life subaccounts, exchange-traded funds, closed-end funds,and separate accounts) with at least a three-year history. Exchange-tradedfunds and open-ended mutual funds are considered a single population forcomparative purposes. It is calculated based on a Morningstar Risk-AdjustedReturn measure that accounts for variation in a managed product’s monthlyexcess performance, placing more emphasis on downward variations and rewardingconsistent performance. The Morningstar Rating does not include any adjustmentfor sales loads. The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next22.5% receive 2 stars, and the bottom 10% receive 1 star. The OverallMorningstar Rating for a managed product is derived from a weighted average ofthe performance figures associated with its three-, five-, and 10-year (ifapplicable) Morningstar Rating metrics. The weights are: 100% three-year ratingfor 36-59 months of total returns, 60% five-year rating/40% three-year ratingfor 60-119 months of total returns, and 50% 10-year rating/30% five-yearrating/20% three-year rating for 120 or more months of total returns. While the10-year overall star rating formula seems to give the most weight to the10-year period, the most recent three-year period actually has the greatestimpact because it is included in all three rating periods. Past performance isno guarantee of future results.

© 2026 Morningstar, Inc. All Rights Reserved. Theinformation contained herein: (1) is proprietary to Morningstar; (2) may not becopied or distributed; and (3) is not warranted to be accurate, complete ortimely. Neither Morningstar nor its content providers are responsible for anydamages or losses arising from any use of this information. Past performance isno guarantee of future results.

The Morningstar Medalist Rating is the summary expression ofMorningstar’s forward‑looking analysis of investment strategies as offered viaspecific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, andNegative. The Medalist Ratings indicate which investments Morningstar believesare likely to outperform their Morningstar Category average on a risk‑adjustedbasis over time. Investment products are evaluated on three fundamental pillars(People, Parent, and Process) and the Medalist Rating Price Score, which formsthe basis for Morningstar’s conviction in those products’ investment merits anddetermines the Medalist Rating they are assigned. Pillar ratings take the formof Low (‑2), Below Average (‑1), Average (0), Above Average (+1), and High(+2). Pillars may be evaluated via an analyst’s qualitative assessment (eitherdirectly to a vehicle the analyst covers or indirectly when the pillar ratingsof a covered vehicle are mapped to a related uncovered vehicle) or usingalgorithmic techniques. The cost of an investment product is evaluated usingthe Medalist Rating Price Score, which is a continuous score running fromnegative 2.5 to positive 2.5 based on the percentile rank of a vehicle’sexpense ratio within its Morningstar Category. Morningstar combines the pillarscores and Medalist Rating Price Score using predetermined weights for activelyand passively managed vehicles to calculate a weighted score. The weightedscore is then compared to a set of fixed numeric thresholds employed consistentlyacross Morningstar Categories and regions, with separate thresholds foractively and passively managed investments. Rating thresholds are reviewed atleast annually. Buffers and ratings caps are employed to prevent frequentratings changes. When analysts directly cover a vehicle, they assign thefundamental pillar ratings based on their qualitative assessment, subject tothe oversight of the Analyst Rating Committee, and monitor and reevaluate themapproximately once a year. When vehicles are covered either indirectly byanalysts or by algorithm, the ratings are assigned monthly. For more detailedinformation about the Medalist Ratings, including their methodology, pleasevisit: http://global.morningstar.com/managerdisclosures The MorningstarMedalist Ratings are not statements of fact, nor are they credit or riskratings. The Morningstar Medalist Rating (i) should not be used as the solebasis in evaluating an investment product, (ii) involves unknown risks anduncertainties which may cause expectations not to occur or to differsignificantly from what was expected, (iii) is not guaranteed to be based oncomplete or accurate assumptions or models when determined algorithmically,(iv) involves the risk that return targets will not be met due to unforeseenchanges in management, technology, economic development, interest ratedevelopment, operating and/or material costs, competitive pressure, supervisorylaw, exchange rates, tax rates, or political and social conditions, and (v)should not be considered an offer or solicitation to buy or sell the investmentproduct. A change in the fundamental factors underlying the MorningstarMedalist Rating may result in the rating no longer being accurate. Analysts donot have any other material conflicts of interest at the time of publication.Users wishing to obtain further information should contact their localMorningstar office.

The Morningstar Rating^TM for funds, or “starrating”, is calculated for managed products (including mutual funds, variableannuity and variable life subaccounts, exchange-traded funds, closed-end funds,and separate accounts) with at least a three-year history. Exchange-tradedfunds and open-ended mutual funds are considered a single population forcomparative purposes. It is calculated based on a Morningstar Risk-AdjustedReturn measure that accounts for variation in a managed product’s monthlyexcess performance, placing more emphasis on downward variations and rewardingconsistent performance. The Morningstar Rating does not include any adjustmentfor sales loads. The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next22.5% receive 2 stars, and the bottom 10% receive 1 star. The OverallMorningstar Rating for a managed product is derived from a weighted average ofthe performance figures associated with its three-, five-, and 10-year (ifapplicable) Morningstar Rating metrics. The weights are: 100% three-year ratingfor 36-59 months of total returns, 60% five-year rating/40% three-year ratingfor 60-119 months of total returns, and 50% 10-year rating/30% five-yearrating/20% three-year rating for 120 or more months of total returns. While the10-year overall star rating formula seems to give the most weight to the10-year period, the most recent three-year period actually has the greatestimpact because it is included in all three rating periods. Past performance isno guarantee of future results.

© 2026 Morningstar, Inc. All Rights Reserved. Theinformation contained herein: (1) is proprietary to Morningstar; (2) may not becopied or distributed; and (3) is not warranted to be accurate, complete ortimely. Neither Morningstar nor its content providers are responsible for anydamages or losses arising from any use of this information. Past performance isno guarantee of future results.

The Morningstar Medalist Rating is the summary expression ofMorningstar’s forward‑looking analysis of investment strategies as offered viaspecific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, andNegative. The Medalist Ratings indicate which investments Morningstar believesare likely to outperform their Morningstar Category average on a risk‑adjustedbasis over time. Investment products are evaluated on three fundamental pillars(People, Parent, and Process) and the Medalist Rating Price Score, which formsthe basis for Morningstar’s conviction in those products’ investment merits anddetermines the Medalist Rating they are assigned. Pillar ratings take the formof Low (‑2), Below Average (‑1), Average (0), Above Average (+1), and High(+2). Pillars may be evaluated via an analyst’s qualitative assessment (eitherdirectly to a vehicle the analyst covers or indirectly when the pillar ratingsof a covered vehicle are mapped to a related uncovered vehicle) or usingalgorithmic techniques. The cost of an investment product is evaluated usingthe Medalist Rating Price Score, which is a continuous score running fromnegative 2.5 to positive 2.5 based on the percentile rank of a vehicle’sexpense ratio within its Morningstar Category. Morningstar combines the pillarscores and Medalist Rating Price Score using predetermined weights for activelyand passively managed vehicles to calculate a weighted score. The weightedscore is then compared to a set of fixed numeric thresholds employed consistentlyacross Morningstar Categories and regions, with separate thresholds foractively and passively managed investments. Rating thresholds are reviewed atleast annually. Buffers and ratings caps are employed to prevent frequentratings changes. When analysts directly cover a vehicle, they assign thefundamental pillar ratings based on their qualitative assessment, subject tothe oversight of the Analyst Rating Committee, and monitor and reevaluate themapproximately once a year. When vehicles are covered either indirectly byanalysts or by algorithm, the ratings are assigned monthly. For more detailedinformation about the Medalist Ratings, including their methodology, pleasevisit: http://global.morningstar.com/managerdisclosures The MorningstarMedalist Ratings are not statements of fact, nor are they credit or riskratings. The Morningstar Medalist Rating (i) should not be used as the solebasis in evaluating an investment product, (ii) involves unknown risks anduncertainties which may cause expectations not to occur or to differsignificantly from what was expected, (iii) is not guaranteed to be based oncomplete or accurate assumptions or models when determined algorithmically,(iv) involves the risk that return targets will not be met due to unforeseenchanges in management, technology, economic development, interest ratedevelopment, operating and/or material costs, competitive pressure, supervisorylaw, exchange rates, tax rates, or political and social conditions, and (v)should not be considered an offer or solicitation to buy or sell the investmentproduct. A change in the fundamental factors underlying the MorningstarMedalist Rating may result in the rating no longer being accurate. Analysts donot have any other material conflicts of interest at the time of publication.Users wishing to obtain further information should contact their localMorningstar office.

The Morningstar Rating^TM for funds, or “starrating”, is calculated for managed products (including mutual funds, variableannuity and variable life subaccounts, exchange-traded funds, closed-end funds,and separate accounts) with at least a three-year history. Exchange-tradedfunds and open-ended mutual funds are considered a single population forcomparative purposes. It is calculated based on a Morningstar Risk-AdjustedReturn measure that accounts for variation in a managed product’s monthlyexcess performance, placing more emphasis on downward variations and rewardingconsistent performance. The Morningstar Rating does not include any adjustmentfor sales loads. The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next22.5% receive 2 stars, and the bottom 10% receive 1 star. The OverallMorningstar Rating for a managed product is derived from a weighted average ofthe performance figures associated with its three-, five-, and 10-year (ifapplicable) Morningstar Rating metrics. The weights are: 100% three-year ratingfor 36-59 months of total returns, 60% five-year rating/40% three-year ratingfor 60-119 months of total returns, and 50% 10-year rating/30% five-yearrating/20% three-year rating for 120 or more months of total returns. While the10-year overall star rating formula seems to give the most weight to the10-year period, the most recent three-year period actually has the greatestimpact because it is included in all three rating periods. Past performance isno guarantee of future results.

© 2026 Morningstar, Inc. All Rights Reserved. Theinformation contained herein: (1) is proprietary to Morningstar; (2) may not becopied or distributed; and (3) is not warranted to be accurate, complete ortimely. Neither Morningstar nor its content providers are responsible for anydamages or losses arising from any use of this information. Past performance isno guarantee of future results.

The Morningstar Medalist Rating is the summary expression ofMorningstar’s forward‑looking analysis of investment strategies as offered viaspecific vehicles using a rating scale of Gold, Silver, Bronze, Neutral, andNegative. The Medalist Ratings indicate which investments Morningstar believesare likely to outperform their Morningstar Category average on a risk‑adjustedbasis over time. Investment products are evaluated on three fundamental pillars(People, Parent, and Process) and the Medalist Rating Price Score, which formsthe basis for Morningstar’s conviction in those products’ investment merits anddetermines the Medalist Rating they are assigned. Pillar ratings take the formof Low (‑2), Below Average (‑1), Average (0), Above Average (+1), and High(+2). Pillars may be evaluated via an analyst’s qualitative assessment (eitherdirectly to a vehicle the analyst covers or indirectly when the pillar ratingsof a covered vehicle are mapped to a related uncovered vehicle) or usingalgorithmic techniques. The cost of an investment product is evaluated usingthe Medalist Rating Price Score, which is a continuous score running fromnegative 2.5 to positive 2.5 based on the percentile rank of a vehicle’sexpense ratio within its Morningstar Category. Morningstar combines the pillarscores and Medalist Rating Price Score using predetermined weights for activelyand passively managed vehicles to calculate a weighted score. The weightedscore is then compared to a set of fixed numeric thresholds employed consistentlyacross Morningstar Categories and regions, with separate thresholds foractively and passively managed investments. Rating thresholds are reviewed atleast annually. Buffers and ratings caps are employed to prevent frequentratings changes. When analysts directly cover a vehicle, they assign thefundamental pillar ratings based on their qualitative assessment, subject tothe oversight of the Analyst Rating Committee, and monitor and reevaluate themapproximately once a year. When vehicles are covered either indirectly byanalysts or by algorithm, the ratings are assigned monthly. For more detailedinformation about the Medalist Ratings, including their methodology, pleasevisit: http://global.morningstar.com/managerdisclosures The MorningstarMedalist Ratings are not statements of fact, nor are they credit or riskratings. The Morningstar Medalist Rating (i) should not be used as the solebasis in evaluating an investment product, (ii) involves unknown risks anduncertainties which may cause expectations not to occur or to differsignificantly from what was expected, (iii) is not guaranteed to be based oncomplete or accurate assumptions or models when determined algorithmically,(iv) involves the risk that return targets will not be met due to unforeseenchanges in management, technology, economic development, interest ratedevelopment, operating and/or material costs, competitive pressure, supervisorylaw, exchange rates, tax rates, or political and social conditions, and (v)should not be considered an offer or solicitation to buy or sell the investmentproduct. A change in the fundamental factors underlying the MorningstarMedalist Rating may result in the rating no longer being accurate. Analysts donot have any other material conflicts of interest at the time of publication.Users wishing to obtain further information should contact their localMorningstar office.

The Morningstar Rating^TM for funds, or “starrating”, is calculated for managed products (including mutual funds, variableannuity and variable life subaccounts, exchange-traded funds, closed-end funds,and separate accounts) with at least a three-year history. Exchange-tradedfunds and open-ended mutual funds are considered a single population forcomparative purposes. It is calculated based on a Morningstar Risk-AdjustedReturn measure that accounts for variation in a managed product’s monthlyexcess performance, placing more emphasis on downward variations and rewardingconsistent performance. The Morningstar Rating does not include any adjustmentfor sales loads. The top 10% of products in each product category receive 5stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next22.5% receive 2 stars, and the bottom 10% receive 1 star. The OverallMorningstar Rating for a managed product is derived from a weighted average ofthe performance figures associated with its three-, five-, and 10-year (ifapplicable) Morningstar Rating metrics. The weights are: 100% three-year ratingfor 36-59 months of total returns, 60% five-year rating/40% three-year ratingfor 60-119 months of total returns, and 50% 10-year rating/30% five-yearrating/20% three-year rating for 120 or more months of total returns. While the10-year overall star rating formula seems to give the most weight to the10-year period, the most recent three-year period actually has the greatestimpact because it is included in all three rating periods. Past performance isno guarantee of future results.