Supplement to the
Telecommunications Portfolio
Class A, Class T, Class B and Class C
April 29, 2016
Summary Prospectus

Effective after close of business on March 24, 2017, Class T will be renamed Class M.

Effective December 12, 2016, the redemption fee has been removed.

ATLC-SUM-17-01
1.9880366.101 March 1, 2017