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 October 31, 2012. Net assets

of the Fund were unaffected by the reclassifications.

Reduction              Increase

to Accumulated    to Accumulated Net

Increase to                  Net Investment     Realized Loss

Paid-in Capital            Loss                  on Investments5

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$4,903,493$8,268,540$13,172,033

5. $4,741,360, including $3,549,414 of long-term capital gain, was distributed in connection with Fund share redemptions.