Mutual fund revenue sharing

The following companies have agreed to provide education and marketing support payments to Raymond James1 during the current calendar year. The companies indicated with an asterisk (*) also have agreed to provide additional revenues in exchange for Raymond James waiving the applicable Passport and IMPAC $15 processing fee associated with share purchases in one or more of their mutual funds.

Premier Partners

Preferred Partners

Partners


Investors should carefully consider the investment objectives, risks, charges and expenses of any investment company before investing. The prospectus contains this and other information about an investment company. The prospectus is available from your financial advisor and should be read carefully before investing.

1 Raymond James refers to Raymond James & Associates, Inc. and Raymond James Financial Services, Inc., as applicable.