The Fund announced that the Board of Trustees (the “Board”) has approved a change to the Fund’s investment policies. This change provides additional flexibility with respect to investments in non-U.S. issuers, which the Fund believes is in the best interest of the Fund’s shareholders. Under the new investment policies, under normal market conditions, the Fund invests at least 40% of its total assets in securities of non-U.S. issuers, unless the manager deems market conditions and/or company valuations to be less favorable to non-U.S. issuers, in which case, the fund will invest at least 30% of its total assets in non-U.S. issuers. The Fund’s investments in securities of U.S. and non-U.S. issuers are expected to vary over time.