Common use of Class C Units Clause in Contracts

Class C Units. Class C Units are sold at net asset value, without an initial sales charge. As of November 6, 2017, Class C Units held in the Bright Start Advisor-Sold Program were re-designated as Class C Units in the Program. Class C Units sold by Account Owners on or after November 6, 2017 are not subject to a contingent deferred sales charge. Class C Units are subject to an ongoing annual account servicing fee of 0.50% of the value of Class C Units held in an Account. This fee is accrued daily and reflected in the NAV of each Portfolio. Beginning in the 13th month after a Contribution is made, the annual account servicing fee will become payable to the financial adviser of the Account Owner.