FUND | Class A | Class C | Class I | Class R6 |
Easterly Income Opportunities Fund |
Supplement dated November 6, 2023 to the Prospectus,
Summary Prospectus, and Statement of Additional Information of the Easterly Income Opportunities Fund dated
This Supplement updates and supersedes any contrary information contained in the Prospectus, Summary Prospectus, and Statement of Additional Information.
Effective November 6, 2023, the section titled “Fees and Expenses of the Fund:” beginning on page 11 of the Prospectus is deleted in its entirety and replaced with the following:
This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, for transactions in Class I and Class R6 shares, which are not reflected in the tables and examples below.
More information about these and other discounts is available from your financial professional and in the Choosing a Share Class section on page 39 of this Prospectus. In addition, Appendix A attached to this Prospectus contains information regarding financial intermediary-specific sales charge waivers and discounts.
Shareholder Fees |
Class A |
Class C |
Class I |
Class R6 |
Maximum Sales Charge (Load) Imposed on Purchases as a % of offering price | ||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends as a % of offering price |
||||
Maximum Contingent Deferred Sales Charge (Load) as a % of offering price | ||||
Redemption Fee |
(expenses that you pay each year as a percentage of the value of your investment) |
Class A |
Class C |
Class I |
Class R6 | |
Management Fees | ||||
Distribution and/or Service Rule 12b-1 Fees | ||||
Other Expenses | ||||
Interest/Dividend Expense | 0.07% | 0.07% | 0.07% | 0.07% |
Total Annual Fund Operating Expenses before Fee Waiver and/or Expense Reduction/Reimbursement | ||||
Fee Waiver and/or Expense Reduction/ Reimbursement | ( |
( |
( |
( |
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reduction/Reimbursement(2) |
(1) |
(2) |
Effective November 6, 2023, the corresponding table in the section titled “Investment Adviser” beginning on page 35 of the Prospectus and in the section titled “Advisory Agreements” beginning on page 47 of the Statement of Additional Information is deleted in its entirety and replaced with the following:
Fund Name | Class A | Class C | Class I | Class R6 |
Easterly Income Opportunities Fund | 1.73% | 2.48% | 1.48% | 0.89% |
***
You should read this Supplement in conjunction
with the Prospectus, Summary Prospectus, and
Statement of Additional Information, each dated April 1, 2023.
Please retain this Supplement for future reference.