Net investment income (loss) and net realized gain (loss) may differ for financial statement

and tax purposes. The character of dividends and distributions made during the fiscal year

from net investment income or net realized gains may differ from their ultimate

characterization for federal income tax purposes. Also, due to timing of dividends and

distributions, the fiscal year in which amounts are distributed may differ from the fiscal

year in which the income or net realized gain was recorded by the Fund.

Accordingly, the following amounts have been reclassified for August 31, 2012. Net assets

of the Fund were unaffected by the reclassifications.

Increase                                          Increase

to Accumulated                              to Accumulated Net

Increase to                            Net Investment                               Realized Loss

Paid-in Capital                     Income                                             on Investments

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$549,157                                   $8,066,037                                          $8,615,194