Telephone Transactions – Direct-at-Fund Accounts
For Class A, Class C, Class Inst, Class Inst3, Class R and
Class V shares, if you have a Direct-at-Fund Account, you may place orders to buy, sell or exchange shares by telephone through the Transfer Agent. To place orders by telephone, call 800.422.3737. Have your account number and SSN or TIN available
when calling.
You can sell Fund shares via telephone and
receive redemption proceeds: by electronic funds transfer via ACH, by wire, or by check to the address of record, subject to a maximum of $100,000 of shares per day, per Fund account. You can buy Fund shares via telephone by electronic funds
transfer via ACH from your bank account up to a maximum of $100,000 of shares per day, per Fund account, or by wire from your bank account without a maximum. See below for more information regarding wire and electronic fund transfer transactions.
Certain restrictions apply, so please call the Transfer Agent at 800.422.3737 for this and other information in advance of any need to transact via telephone.
Telephone orders may not be as secure as written orders. The
Fund will take reasonable steps to confirm that telephone instructions are genuine. For example, we require proof of your identification before we will act on instructions received by telephone and may record telephone conversations. However, the
Fund and its agents will not be responsible for any losses, costs or expenses resulting from an unauthorized telephone instruction when reasonable steps have been taken to confirm that telephone instructions are genuine. Telephone orders may be
difficult to complete during periods of significant economic or market change or business interruption.
The rest of the section remains the same.
Information under the heading "Wire Transactions -
Direct-at-Fund Accounts" in the "Buying, Selling and Exchanging Shares - Opening and Account and Placing Orders" section is hereby superseded and replaced with the following:
Wire Transactions – Direct-at-Fund Accounts
If you hold a Direct-at-Fund Account, you may purchase or
redeem Class A, Class C, Class Inst, Class Inst3, Class R and Class V shares of a Fund by wiring money from (or to) your bank account to (or from) your Fund account. You must set up this feature prior to your request unless you are submitting your
request in writing, which may require a Medallion Signature Guarantee. Please contact the Transfer Agent by calling 800.422.3737 to obtain the necessary forms and requirements. The Transfer Agent charges a fee for shares sold by Fedwire. The
Transfer Agent may waive the fee for certain accounts. In the case of a redemption, the receiving bank may charge an additional fee. The minimum amount that can be redeemed by wire is $500. When selling Fund shares via a telephone request, the
maximum amount that can be redeemed via wire transfer is $100,000 per day, per Fund account.
The rest of the section remains the same.
Effective immediately, the following changes
are made to Appendix A: Financial Intermediary - Specific Reductions/Waivers of Sales Charges:
The section under the subheading Morgan Stanley Smith Barney,
LLC (Morgan Stanley Wealth Management) is hereby revised by deleting the entire paragraph related to Class T Shares Front-End Sales Charge Waivers and by replacing the fifth bullet point under the subheading "Front-end Sales Charge Waivers on Class
A Shares Available at Morgan Stanley Wealth Management" with the following:
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Class C (i.e., level-load)
shares that are no longer subject to a contingent deferred sales charge and are exchanged for Class A shares of the same fund pursuant to Morgan Stanley Wealth Management’s share class exchange program |
The rest of the section remains the same.
The section under the subheading "Additional Sales Charge
Reductions and/or Waivers Available at Certain Financial Intermediaries" is hereby revised by adding the following:
Effective March 1, 2019, shareholders purchasing Fund shares
through a platform or account of Raymond James & Associates, Inc., Raymond James Financial Services & Raymond James affiliates (“Raymond James”) are eligible for the following Class C automatic exchange policy:
Class C Automatic Exchange Policy Available at Raymond
James:
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Shareholders in the
Fund’s Class C shares will have their shares automatically exchanged at net asset value to Class A shares (or the appropriate share class) of the Fund if the shares are no longer subject to a CDSC and the exchange is in line with the policies
and procedures of Raymond James. |
The rest of the section remains the same.
Shareholders should retain this Supplement for future
reference.