0000880366
2012-03-02
2013-03-01
0000880366
lmpet:S000029718Member
2012-03-02
2013-03-01
0000880366
lmpet:S000029718Member
lmpet:C000091380Member
2012-03-02
2013-03-01
pure
iso4217:USD
2013-03-01
Other
2012-10-31
LEGG MASON PARTNERS EQUITY TRUST
0000880366
false
2013-11-07
2013-11-07
<b>Shareholder fees</b> (fees paid directly from your investment)
<b>Annual fund operating expenses</b> (expenses that you pay each year as a percentage of the value of<br/>your investment)<b> (%)</b>
<b>Example</b>
<b>Number of years you own your shares ($)</b>
<b>Number of years you own your shares ($)</b>
0.0575
0
15
December 31, 2015
0.008
0.0025
0.0277
0.0382
-0.0232
0.015
719
1256
2046
4103
719
1256
2046
4103
<b>LEGG MASON PARTNERS EQUITY TRUST<br/>SUPPLEMENT DATED NOVEMBER 7, 2013 <br/>TO THE SUMMARY PROSPECTUS, PROSPECTUS AND <br/>STATEMENT OF ADDITIONAL INFORMATION OF <br/>CLEARBRIDGE MID CAP GROWTH FUND, <br/>EACH DATED MARCH 1, 2013</b><p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"> </p> <p style="BORDER-BOTTOM: #000000 0.5pt solid; LINE-HEIGHT: 3px; MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px"> </p> <p style="MARGIN-TOP: 10px; MARGIN-BOTTOM: 0px"><b>The following language is added to the fund's Summary Prospectus, Prospectus and Statement of Additional Information: </b></p> <p style="MARGIN-TOP: 4px; MARGIN-BOTTOM: 0px">Class R1 shares of the fund will be reclassified as Class A2 shares of the fund, effective on or about December 2, 2013. </p> <p style="MARGIN-TOP: 4px; MARGIN-BOTTOM: 0px">Effective on or about December 2, 2013, the fund will offer Class A2 shares to clients of financial intermediaries with a direct transfer agent relationship with the fund. </p> <p style="MARGIN-TOP: 10px; MARGIN-BOTTOM: 0px"><b>Effective on or about December 2, 2013, the following text is added to the section titled "Fees and expenses of the fund" in the fund's Summary Prospectus and Prospectus: </b></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="84%"></td> <td valign="bottom" width="3%"></td> <td></td></tr> <tr> <td valign="bottom"><b>Shareholder fees </b>(fees paid directly from your investment)<b></b></td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">Class A2</td></tr> <tr> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Maximum sales charge (load) imposed on purchases (as a % of offering price)</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">5.75</td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption)<br/> (may be reduced over time)</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">Generally,<br/>none</td></tr> <tr> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Small account fee<sup>1</sup></td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">$15</td></tr> <tr bgcolor="#cceeff"> <td valign="top"></td> <td valign="bottom"> </td> <td valign="bottom"></td></tr> <tr> <td valign="bottom" colspan="3"><b>Annual fund operating expenses </b>(expenses that you pay each year as a percentage of the value of<br/>your investment)<b> (%)</b></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">Class A2</td></tr> <tr> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Management fees</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">0.80</td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Distribution and service (12b-1) fees</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">0.25</td></tr> <tr> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Other expenses<sup>2</sup></td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">2.77</td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Total annual fund operating expenses</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">3.82</td></tr> <tr> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Fees waived and/or expenses reimbursed<sup>3</sup></td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">(2.32)</td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Total annual fund operating expenses after waiving fees and/or reimbursing expenses</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">1.50</td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p><table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"> </td> <td valign="top" width="2%" align="left">1 </td> <td valign="top" align="left"> If your shares are held in a direct account and the value of your account is below $1,000 ($250 for retirement plans that are not employer-sponsored), the fund may charge you a fee of $3.75 per account that is determined and assessed quarterly (with an annual maximum of $15.00 per account). Direct accounts generally include accounts held in the name of the individual investor on the fund's books and records.</td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"> </td> <td valign="top" width="2%" align="left">2 </td> <td valign="top" align="left">"Other expenses" for Class A2 shares are estimated for the current fiscal year. Actual expenses may differ from estimates.</td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"> </td> <td valign="top" width="2%" align="left">3 </td> <td valign="top" align="left">The manager has agreed to waive fees and/or reimburse operating expenses (other than interest, brokerage, taxes, extraordinary expenses and acquired fund fees and expenses) so that total annual operating expenses are not expected to exceed 1.50% for Class A2 shares. This arrangement cannot be terminated prior to December 31, 2015 without the Board of Trustees' consent. The manager is permitted to recapture amounts waived and/or reimbursed to the class during the same fiscal year if the class' total annual operating expenses have fallen to a level below the limit described above.</td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"> </p> <p style="PAGE-BREAK-BEFORE: always"> </p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><b>Example</b> </p> <p style="MARGIN-TOP: 4px; MARGIN-BOTTOM: 0px">This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes: </p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"> </td> <td valign="top" width="2%" align="left">•</td> <td valign="top" width="1%"> </td> <td valign="top" align="left">You invest $10,000 in the fund for the time periods indicated </td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"> </td> <td valign="top" width="2%" align="left">•</td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Your investment has a 5% return each year and the fund's operating expenses remain the same </td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"> </td> <td valign="top" width="2%" align="left">•</td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> You reinvest all distributions and dividends without a sales charge </td></tr></table> <p style="MARGIN-TOP: 10px; MARGIN-BOTTOM: 0px">Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="59%"></td> <td valign="bottom" width="5%"></td> <td style="WIDTH: 12pt"></td> <td></td> <td></td> <td style="WIDTH: 12pt"></td> <td valign="bottom" width="6%"></td> <td style="WIDTH: 14pt"></td> <td></td> <td></td> <td style="WIDTH: 14pt"></td> <td valign="bottom" width="6%"></td> <td style="WIDTH: 14pt"></td> <td></td> <td></td> <td style="WIDTH: 14pt"></td> <td valign="bottom" width="6%"></td> <td style="WIDTH: 17pt"></td> <td></td> <td></td> <td style="WIDTH: 17pt"></td></tr> <tr> <td valign="bottom"><b>Number of years you own your shares ($)</b></td> <td valign="bottom"> </td> <td valign="bottom" colspan="4" align="center"><b>1 year</b></td> <td valign="bottom"> </td> <td valign="bottom" colspan="4" align="center"><b>3 years</b></td> <td valign="bottom"> </td> <td valign="bottom" colspan="4" align="center"><b>5 years</b></td> <td valign="bottom"> </td> <td valign="bottom" colspan="4" align="center"><b>10 years</b></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Class A2 (with or without redemption at end of period)</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" colspan="4" align="center">719</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" colspan="4" align="center">1,256</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" colspan="4" align="center">2,046</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" colspan="4" align="center">4,103</td></tr></table>
"Other expenses" for Class A2 shares are estimated for the current fiscal year. Actual expenses may differ from estimates.
<b>LEGG MASON PARTNERS EQUITY TRUST<br/>SUPPLEMENT DATED NOVEMBER 7, 2013 <br/>TO THE SUMMARY PROSPECTUS, PROSPECTUS AND <br/>STATEMENT OF ADDITIONAL INFORMATION OF <br/>CLEARBRIDGE MID CAP GROWTH FUND, <br/>EACH DATED MARCH 1, 2013</b><p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"> </p> <p style="BORDER-BOTTOM: #000000 0.5pt solid; LINE-HEIGHT: 3px; MARGIN-TOP: 0px; MARGIN-BOTTOM: 2px"> </p><p style="MARGIN-TOP: 10px; MARGIN-BOTTOM: 0px"><b>The following language is added to the fund's Summary Prospectus, Prospectus and Statement of Additional Information: </b></p> <p style="MARGIN-TOP: 4px; MARGIN-BOTTOM: 0px">Class R1 shares of the fund will be reclassified as Class A2 shares of the fund, effective on or about December 2, 2013. </p> <p style="MARGIN-TOP: 4px; MARGIN-BOTTOM: 0px">Effective on or about December 2, 2013, the fund will offer Class A2 shares to clients of financial intermediaries with a direct transfer agent relationship with the fund. </p> <p style="MARGIN-TOP: 10px; MARGIN-BOTTOM: 0px"><b>Effective on or about December 2, 2013, the following text is added to the section titled "Fees and expenses of the fund" in the fund's Summary Prospectus and Prospectus: </b></p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="84%"></td> <td valign="bottom" width="3%"></td> <td></td></tr> <tr> <td valign="bottom"><b>Shareholder fees </b>(fees paid directly from your investment)<b></b></td> <td valign="bottom"> </td> <td valign="bottom"> </td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">Class A2</td></tr> <tr> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Maximum sales charge (load) imposed on purchases (as a % of offering price)</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">5.75</td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Maximum deferred sales charge (load) (as a % of the lower of net asset value at purchase or redemption)<br/> (may be reduced over time)</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">Generally,<br/>none</td></tr> <tr> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Small account fee<sup>1</sup></td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">$15</td></tr> <tr bgcolor="#cceeff"> <td valign="top"></td> <td valign="bottom"> </td> <td valign="bottom"></td></tr> <tr> <td valign="bottom" colspan="3"><b>Annual fund operating expenses </b>(expenses that you pay each year as a percentage of the value of<br/>your investment)<b> (%)</b></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">Class A2</td></tr> <tr> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Management fees</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">0.80</td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Distribution and service (12b-1) fees</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">0.25</td></tr> <tr> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Other expenses<sup>2</sup></td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">2.77</td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Total annual fund operating expenses</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">3.82</td></tr> <tr> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Fees waived and/or expenses reimbursed<sup>3</sup></td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">(2.32)</td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Total annual fund operating expenses after waiving fees and/or reimbursing expenses</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" align="center">1.50</td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p><table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"> </td> <td valign="top" width="2%" align="left">1 </td> <td valign="top" align="left"> If your shares are held in a direct account and the value of your account is below $1,000 ($250 for retirement plans that are not employer-sponsored), the fund may charge you a fee of $3.75 per account that is determined and assessed quarterly (with an annual maximum of $15.00 per account). Direct accounts generally include accounts held in the name of the individual investor on the fund's books and records.</td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"> </td> <td valign="top" width="2%" align="left">2 </td> <td valign="top" align="left">"Other expenses" for Class A2 shares are estimated for the current fiscal year. Actual expenses may differ from estimates.</td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"> </td> <td valign="top" width="2%" align="left">3 </td> <td valign="top" align="left">The manager has agreed to waive fees and/or reimburse operating expenses (other than interest, brokerage, taxes, extraordinary expenses and acquired fund fees and expenses) so that total annual operating expenses are not expected to exceed 1.50% for Class A2 shares. This arrangement cannot be terminated prior to December 31, 2015 without the Board of Trustees' consent. The manager is permitted to recapture amounts waived and/or reimbursed to the class during the same fiscal year if the class' total annual operating expenses have fallen to a level below the limit described above.</td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"> </p> <p style="PAGE-BREAK-BEFORE: always"> </p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px"><b>Example</b> </p> <p style="MARGIN-TOP: 4px; MARGIN-BOTTOM: 0px">This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes: </p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"> </td> <td valign="top" width="2%" align="left">•</td> <td valign="top" width="1%"> </td> <td valign="top" align="left">You invest $10,000 in the fund for the time periods indicated </td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"> </td> <td valign="top" width="2%" align="left">•</td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Your investment has a 5% return each year and the fund's operating expenses remain the same </td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"> </td> <td valign="top" width="2%" align="left">•</td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> You reinvest all distributions and dividends without a sales charge </td></tr></table> <p style="MARGIN-TOP: 10px; MARGIN-BOTTOM: 0px">Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="59%"></td> <td valign="bottom" width="5%"></td> <td style="WIDTH: 12pt"></td> <td></td> <td></td> <td style="WIDTH: 12pt"></td> <td valign="bottom" width="6%"></td> <td style="WIDTH: 14pt"></td> <td></td> <td></td> <td style="WIDTH: 14pt"></td> <td valign="bottom" width="6%"></td> <td style="WIDTH: 14pt"></td> <td></td> <td></td> <td style="WIDTH: 14pt"></td> <td valign="bottom" width="6%"></td> <td style="WIDTH: 17pt"></td> <td></td> <td></td> <td style="WIDTH: 17pt"></td></tr> <tr> <td valign="bottom"><b>Number of years you own your shares ($)</b></td> <td valign="bottom"> </td> <td valign="bottom" colspan="4" align="center"><b>1 year</b></td> <td valign="bottom"> </td> <td valign="bottom" colspan="4" align="center"><b>3 years</b></td> <td valign="bottom"> </td> <td valign="bottom" colspan="4" align="center"><b>5 years</b></td> <td valign="bottom"> </td> <td valign="bottom" colspan="4" align="center"><b>10 years</b></td></tr> <tr bgcolor="#cceeff"> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> Class A2 (with or without redemption at end of period)</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" colspan="4" align="center">719</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" colspan="4" align="center">1,256</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" colspan="4" align="center">2,046</td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom"> </td> <td style="BORDER-BOTTOM: #b2b2b2 1px solid" valign="bottom" colspan="4" align="center">4,103</td></tr></table>
This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes: <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"> </td> <td valign="top" width="2%" align="left">•</td> <td valign="top" width="1%"> </td> <td valign="top" align="left">You invest $10,000 in the fund for the time periods indicated </td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"> </td> <td valign="top" width="2%" align="left">•</td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> Your investment has a 5% return each year and the fund's operating expenses remain the same </td></tr></table> <p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; "> </p> <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td width="1%"> </td> <td valign="top" width="2%" align="left">•</td> <td valign="top" width="1%"> </td> <td valign="top" align="left"> You reinvest all distributions and dividends without a sales charge </td></tr></table><br/> Although your actual costs may be higher or lower, based on these assumptions your costs would be: