The Board of each fund listed above has approved the reclassification of each fund’s
diversification status, from diversified to non-diversified, pending shareholder approval of the change. The reclassification
to a non-diversified Fund would mean that each Fund could invest in securities of relatively few issuers. Thus, the performance
of one or a small number of portfolio holdings could affect overall performance of a Fund. Shareholders of the funds will
be asked to approve the reclassification of each fund’s diversification status, from diversified to non-diversified, at a shareholder
meeting currently expected to be held on November 21, 2024. Shareholders of record on the record date for the shareholder
meeting will receive proxy materials that will provide additional information about the proposed change. The foregoing
is not a solicitation of a proxy.