Usage of load account

No entry load: mandates segregated load accounts and limits annual use of legacy load balances for marketing expenses.

Prohibition of entry load is mandated and upfront distributor commission must be paid directly by the investor. Exit loads and prior load balances are maintained outside NAV and may fund distributor commissions and marketing. Load balances must be segregated into balances as of July 31, 2009 and accretions thereafter; use of the pre August 1, 2009 balance is capped at one third of that balance per financial year (carry forward permitted), while post July 31, 2009 accretions are unrestricted for these purposes.