Annual Fund Operating Expenses
These are expenses that you pay each year as a percentage of the value of your investment.
|Distribution and/or Service (12b-1) Fees||0.25%|
|Total Annual Fund Operating Expenses||2.60%|
|Total Annual Fund Operating Expenses After Expense Reimbursement||1.40%|
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, under these assumptions, your costs would be:
|1 Year||3 Year||5 Year||10 Year|
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance.
|Account Type||Administrative Class|
|Individual Retirement Account (IRA)||NA|