Common use of Sale of Shares to Distributor and Sales by Distributor Clause in Contracts

Sale of Shares to Distributor and Sales by Distributor. The Distributor will have the right, as principal, to sell shares of each Class of each Fund directly to the public against orders therefor at the applicable public offering price as described below in the case of Class A shares, and at net asset value in the case of Class C shares, Class D shares, Class P, Class R shares, Institutional Class shares and Administrative Class shares. For such purposes, the Distributor will have the right to purchase shares at net asset value. The Distributor will also have the right, as agent, to sell shares of a Fund indirectly to the public through broker dealers who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and who are acting as introducing brokers pursuant to clearing agreements with the Distributor (“introducing brokers”), to broker dealers who are members of FINRA and who have entered into selling agreements with the Distributor (“participating brokers”) or through other financial intermediaries, in each case against orders therefor. The price for introducing brokers, participating brokers and other financial intermediaries shall be, in the case of Class A shares, the applicable public offering price less a concession to be determined by the Distributor, which concession will not exceed the amount of the sales charge or underwriting discount, if any, described below and, in the case of Class C shares, Class D shares, Class P shares, Class R shares, Institutional Class shares and Administrative Class shares, net asset value. The Trust shall sell through the Distributor, as the Trust’s agent, shares to eligible investors as described in the Prospectus. All orders through the Distributor shall be subject to acceptance and confirmation by the Trust. The Trust shall have the right, at its election, to deliver either shares issued upon original issue or treasury shares. Prior to the time of transfer of any shares by the Trust to, or on the order of, the Distributor or any introducing broker, participating broker or other financial intermediary, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in New York clearing house funds equal to the applicable net asset value of the shares. Upon receipt of registration instructions in proper form, the Distributor will transmit or cause to be transmitted such instructions to the Trust or its agent for registration of the shares purchased. The public offering price of Class A shares shall be the net asset value of such shares, plus any applicable sales charge as set forth in the Prospectus. In no event will any applicable sales charge or underwriting discount exceed the limitations on permissible sales loads imposed by Section 22(b) of the 1940 Act and NASD Rule 2830(d) of the Conduct Rules of FINRA, as either or both may be amended from time to time. On every sale, the Trust shall receive the net asset value of the shares. The net asset value of the shares shall be determined in the manner provided in the Amended and Restated Agreement and Declaration of Trust, as from time to time amended or restated (the “Declaration of Trust”), and the Amended and Restated By-laws of the Trust, as from time to time amended or restated. In the case of Class A shares, the Distributor may retain so much of any sales charge or underwriting discount as is not allowed by the Distributor as a concession to dealers and such sales charge or underwriting discount shall be in addition to the fee paid to the Distributor in respect of Class A shares, as described in Section 5 hereof.

Sale of Shares to Distributor and Sales by Distributor. The Distributor will have the right, as principal, to sell shares of each Class of each Fund directly to the public against orders therefor at the applicable public offering price as described below in the case of Class A shares, and at net asset value in the case of Class B shares, Class C shares, Class D shares, Class PP shares, Class R shares, Class R6 shares, Institutional Class shares and Administrative Class shares. For such purposes, the Distributor will have the right to purchase shares at net asset value. The Distributor will also have the right, as agent, to sell shares of a Fund indirectly to the public through broker dealers who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and who are acting as introducing brokers pursuant to clearing agreements with the Distributor (“introducing brokers”), to broker dealers who are members of FINRA and who have entered into selling agreements with the Distributor (“participating brokers”) or through other financial intermediaries, in each case against orders therefor. The price for introducing brokers, participating brokers and other financial intermediaries shall be, in the case of Class A shares, the applicable public offering price less a concession to be determined by the Distributor, which concession will not exceed the amount of the sales charge or underwriting discount, if any, described below and, in the case of Class B shares, Class C shares, Class D shares, Class P shares, Class R shares, Class R6 shares, Institutional Class shares and Administrative Class shares, net asset value. The Trust shall sell through the Distributor, as the Trust’s agent, shares to eligible investors as described in the Prospectus. All orders through the Distributor shall be subject to acceptance and confirmation by the Trust. The Trust shall have the right, at its election, to deliver either shares issued upon original issue or treasury shares. Prior to the time of transfer of any shares by the Trust to, or on the order of, the Distributor or any introducing broker, participating broker or other financial intermediary, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in New York clearing house funds equal to the applicable net asset value of the shares. Upon receipt of registration instructions in proper form, the Distributor will transmit or cause to be transmitted such instructions to the Trust or its agent for registration of the shares purchased. The public offering price of Class A shares shall be the net asset value of such shares, plus any applicable sales charge as set forth in the Prospectus. In no event will any applicable sales charge or underwriting discount exceed the limitations on permissible sales loads imposed by Section 22(b) of the 1940 Act and NASD Rule 2830(d) of the Conduct Rules of FINRA, as either or both may be amended from time to time. On every sale, the Trust shall receive the net asset value of the shares. The net asset value of the shares shall be determined in the manner provided in the Amended and Restated Agreement and Declaration of Trust, as from time to time amended or restated (the “Declaration of Trust”), and the Amended and Restated By-laws of the Trust, as from time to time amended or restated. In the case of Class A shares, the Distributor may retain so much of any sales charge or underwriting discount as is not allowed by the Distributor as a concession to dealers and such sales charge or underwriting discount shall be in addition to the fee paid to the Distributor in respect of Class A shares, as described in Section 5 hereof.

Sale of Shares to Distributor and Sales by Distributor. The Distributor will have the right, as principal, to sell shares of each Class of each Fund directly to the public against orders therefor at the applicable public offering price as described below in the case of Class A shares, and at net asset value in the case of Class C shares, Class D R shares, Class PP shares, Class R R6 shares, Institutional Class shares and Administrative Class shares. For such purposes, the Distributor will have the right to purchase shares at net asset value. The Distributor will also have the right, as agent, to sell shares of a Fund indirectly to the public through broker dealers who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and who are acting as introducing brokers pursuant to clearing agreements with the Distributor (“introducing brokers”), to broker dealers who are members of FINRA and who have entered into selling agreements with the Distributor (“participating brokers”) or through other financial intermediaries, in each case against orders therefor. The price for introducing brokers, participating brokers and other financial intermediaries shall be, in the case of Class A shares, the applicable public offering price less a concession to be determined by the Distributor, which concession will not exceed the amount of the sales charge or underwriting discount, if any, described below below, and, in the case of Class C shares, shares Class D R shares, Class P shares, Class R sharesR6, Institutional Class shares and Administrative Class shares, net asset value. The Trust shall sell through the Distributor, as the Trust’s agent, shares to eligible investors as described in the Prospectus. All orders through the Distributor shall be subject to acceptance and confirmation by the Trust. The Trust shall have the right, at its election, to deliver either shares issued upon original issue or treasury shares. Prior to the time of transfer of any shares by the Trust to, or on the order of, the Distributor or any introducing broker, participating broker or other financial intermediary, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in New York clearing house funds equal to the applicable net asset value of the shares. Upon receipt of registration instructions in proper form, the Distributor will transmit or cause to be transmitted such instructions to the Trust or its agent for registration of the shares purchased. The public offering price of Class A shares shall will be the net asset value of such shares, plus any applicable sales charge as set forth in the Prospectus. In no event will any applicable sales charge or underwriting discount exceed the limitations on permissible sales loads imposed by Section 22(b) of the 1940 Act and NASD Conduct Rule 2830(d) of the Conduct Rules of FINRA, as either or both may be amended from time to time and as interpreted by the Securities and Exchange Commission or other regulatory authorities having jurisdiction from time to time, and in accordance with any exemptive relief granted by the Securities and Exchange Commission. On every sale, the Trust shall receive the net asset value of the shares. The net asset value of the shares shall will be determined in the manner provided in the Fifth Amended and Restated Agreement and Declaration of Trust, as from time to time amended or restated Trust (the “Declaration of Trust”), ) and the Sixth Amended and Restated By-laws of the Trust, each as further amended or restated, as further clarified or supplemented by such procedures as the Trust may from time to time amended or restatedadopt. In the case of Class A shares, the Distributor may retain so much of any sales charge or underwriting discount as is not allowed by the Distributor as a concession to dealers and such sales charge or underwriting discount shall be in addition to the fee paid to the Distributor in respect of Class A shares, as described in Section 5 hereof.

Sale of Shares to Distributor and Sales by Distributor. The Distributor will have the right, as principal, to sell shares of each Class of each Fund directly to the public against orders therefor at the applicable public offering price as described below in the case of Class A 1 Class C shares for certain Funds may be offered at a public offering price that is equal to their net asset value plus a sales charge of up to 1% of the public offering price. For purposes of this Contract, such shares will be referred to as “Class CII” shares. shares, Class CII shares, Class J shares and Class K shares, and at net asset value in the case of Class B shares, Class C shares, Class D shares, Class P, Class R shares, Institutional Class shares, Administrative Class shares and Administrative Advisor Class shares. For such purposes, the Distributor will have the right to purchase shares at net asset value. The Distributor will also have the right, as agent, to sell shares of a Fund indirectly to the public through broker broker-dealers who are members of the Financial Industry Regulatory AuthorityNational Association of Securities Dealers, Inc. (“FINRA”) and who are acting as introducing brokers pursuant to clearing agreements with the Distributor (“introducing brokers”), to broker broker-dealers who which are members of FINRA the National Association of Securities Dealers, Inc. and who have entered into selling agreements with the Distributor (“participating brokers”) or through other financial intermediaries, in each case against orders therefor. The price for introducing brokers, participating brokers and other financial intermediaries shall be, in the case of Class A shares, Class CII shares, Class J shares and Class K shares, the applicable public offering price less a concession to be determined by the Distributor, which concession will not exceed the amount of the sales charge or underwriting discount, if any, described below and, in the case of Class B shares, Class C shares, Class D shares, Class P shares, Class R shares, Institutional Class shares shares, Administrative Class shares, and Administrative Advisor Class shares, net asset value. The Trust shall sell through the Distributor, as the Trust’s agent, shares to eligible investors as described in the Prospectus. All orders through the Distributor shall be subject to acceptance and confirmation by the Trust. The Trust shall have the right, at its election, to deliver either shares issued upon original issue or treasury shares. Prior to the time of transfer of any shares by the Trust to, or on the order of, the Distributor or any introducing broker, participating broker or other financial intermediary, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in New York clearing house funds equal to the applicable net asset value of the shares. Upon receipt of registration instructions in proper form, the Distributor will transmit or cause to be transmitted such instructions to the Trust or its agent for registration of the shares purchased. The public offering price of Class A shares, Class CII shares, Class J shares and Class K shares shall be the net asset value of such shares, plus any applicable sales charge as set forth in the Prospectus. In no event will any applicable sales charge or underwriting discount exceed the limitations on permissible sales loads imposed by Section 22(b) of the 1940 Act and NASD Rule 2830(d) of the Conduct Rules of FINRAthe National Association of Securities Dealers, Inc., as either or both may be amended from time to time. On every sale, the Trust shall receive the net asset value of the shares. The net asset value of the shares shall be determined in the manner provided in the Amended and Restated Agreement and Declaration of Trust, as from time to time amended or restated (the “Declaration of Trust”), Trust and the Amended and Restated By-laws of the Trust, Trust as from time to time amended or restatedthen amended. In the case of Class A shares, Class CII shares, Class J shares and Class K shares, the Distributor may retain so much of any sales charge or underwriting discount as is not allowed by the Distributor as a concession to dealers dealers, and such sales charge or underwriting discount shall be in addition to the fee paid to the Distributor in respect of Class A shares, Class CII shares, Class J shares and Class K shares as described in Section 5 hereof.. The Distributor agrees that shares of the Portfolios shall be distributed only in accordance with Regulation D of the 1933 Act, and methods consistent therewith. Prior to any investor’s

Sale of Shares to Distributor and Sales by Distributor. The Distributor will have the right, as principal, to sell shares of each Class of each Fund the Trust directly to the public against orders therefor at the applicable public offering price as described below in the case of Class A sharesShares and any other Classes that are subject to an initial sales charge, and at net asset value in the case of Class C sharesClasses, Class D sharesif any, Class P, Class R shares, Institutional Class shares and Administrative Class sharesthat are not subject to an initial sales charge. For such purposes, the Distributor will have the right to purchase shares at net asset value. The Distributor will also have the right, as agent, to sell shares of a Fund the Trust indirectly to the public through broker dealers who are members of the Financial Industry Regulatory AuthorityNational Association of Securities Dealers, Inc. (“FINRA”) and who are acting as introducing brokers pursuant to clearing agreements with the Distributor (“introducing brokers”), to broker dealers who which are members of FINRA the National Association of Securities Dealers, Inc. and who have entered into selling agreements with the Distributor (“participating brokers”) or through other financial intermediaries, in each case against orders therefor. The price for introducing brokers, participating brokers and other financial intermediaries shall be, in the case of Class A sharesShares and any other Classes subject to an initial sales charge, the applicable public offering price less a concession to be determined by the Distributor, which concession will not exceed the amount of the sales charge or underwriting discount, if any, described below and, in the case of Class C shares, Class D shares, Class P shares, Class R shares, Institutional Class shares and Administrative Class sharesany other Classes which are not subject to an initial sales charge, net asset value. The Trust shall sell through the Distributor, as the Trust’s agent, shares to eligible investors as described in the Prospectus. All orders through the Distributor shall be subject to acceptance and confirmation by the Trust. The Trust shall have the right, at its election, to deliver either shares issued upon original issue or treasury shares. Prior to the time of transfer of any shares by the Trust to, or on the order of, the Distributor or any introducing broker, participating broker or other financial intermediary, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in New York clearing house funds equal to the applicable net asset value of the shares. Upon receipt of registration instructions in proper form, the Distributor will transmit or cause to be transmitted such instructions to the Trust or its agent for registration of the shares purchased. The public offering price of Class A shares Shares and any other Classes subject to an initial sales charge shall be the net asset value of such shares, plus any applicable sales charge (which may also be referred to as a “sales load”) as set forth in the Prospectus. In no event will any applicable sales charge or underwriting discount exceed the limitations on permissible sales loads charges imposed by Section 22(b) of the 1940 Act and NASD Rule 2830(d) of the Conduct Rules of FINRAthe National Association of Securities Dealers, Inc., as either or both it may be amended from time to time, to the extent such Rule applies to a particular offering of shares of the Trust. On every sale, the Trust shall receive the net asset value of the shares. The net asset value of the shares shall be determined in the manner provided in the Amended and Restated Trust’s Agreement and Declaration of Trust, as amended or restated from time to time amended or restated (the “Declaration of Trust”), ) and the Amended and Restated By-laws of the TrustBylaws, as amended or restated from time to time amended or restated(the “Bylaws”). In the case of Class A sharesShares and any other Classes subject to an initial sales charge, the Distributor may retain so much of any sales charge or underwriting discount as is not allowed by the Distributor as a concession to dealers and such sales charge or underwriting discount shall be in addition to the any fee paid to the Distributor in respect of Class A shares, as described in Section 5 hereof.

Sale of Shares to Distributor and Sales by Distributor. The Distributor will have the right, as principal, to sell shares of each Class of each Fund directly to the public against orders therefor at the applicable public offering price as described below in the case of Class A shares and Class T shares, and at net asset value in the case of Class C shares, Class D R shares, Class PP shares, Class R R6 shares, Institutional Class shares and Administrative Class shares. For such purposes, the Distributor will have the right to purchase shares at net asset value. The Distributor will also have the right, as agent, to sell shares of a Fund indirectly to the public through broker dealers who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and who are acting as introducing brokers pursuant to clearing agreements with the Distributor (“introducing brokers”), to broker dealers who are members of FINRA and who have entered into selling agreements with the Distributor (“participating brokers”) or through other financial intermediaries, in each case against orders therefor. The price for introducing brokers, participating brokers and other financial intermediaries shall be, in the case of Class A shares and Class T shares, the applicable public offering price less a concession to be determined by the Distributor, which concession will not exceed the amount of the sales charge or underwriting discount, if any, described below below, and, in the case of Class C shares, shares Class D R shares, Class P shares, Class R sharesR6, Institutional Class shares and Administrative Class shares, net asset value. The Trust shall sell through the Distributor, as the Trust’s agent, shares to eligible investors as described in the Prospectus. All orders through the Distributor shall be subject to acceptance and confirmation by the Trust. The Trust shall have the right, at its election, to deliver either shares issued upon original issue or treasury shares. Prior to the time of transfer of any shares by the Trust to, or on the order of, the Distributor or any introducing broker, participating broker or other financial intermediary, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in New York clearing house funds equal to the applicable net asset value of the shares. Upon receipt of registration instructions in proper form, the Distributor will transmit or cause to be transmitted such instructions to the Trust or its agent for registration of the shares purchased. The public offering price of Class A shares shall and Class T shares will be the net asset value of such shares, plus any applicable sales charge as set forth in the Prospectus. In no event will any applicable sales charge or underwriting discount exceed the limitations on permissible sales loads imposed by Section 22(b) of the 1940 Act and NASD Conduct Rule 2830(d) of the Conduct Rules of FINRA, as either or both may be amended from time to time and as interpreted by the Securities and Exchange Commission or other regulatory authorities having jurisdiction from time to time, and in accordance with any exemptive relief granted by the Securities and Exchange Commission. On every sale, the Trust shall receive the net asset value of the shares. The net asset value of the shares shall will be determined in the manner provided in the Fifth Amended and Restated Agreement and Declaration of Trust, as from time to time amended or restated Trust (the “Declaration of Trust”), ) and the Sixth Amended and Restated By-laws of the Trust, each as further amended or restated, as further clarified or supplemented by such procedures as the Trust may from time to time amended or restatedadopt. In the case of Class A shares, the Distributor may retain so much of any sales charge or underwriting discount as is not allowed by the Distributor as a concession to dealers and such sales charge or underwriting discount shall be in addition to the fee paid to the Distributor in respect of Class A shares, as described in Section 5 hereof.

Sale of Shares to Distributor and Sales by Distributor. The Distributor will have the right, as principal, to sell shares of each Class of each Fund directly to the public against orders therefor at the applicable public offering price as described below in the case of Class A sharesshares and Class T Shares, and at net asset value in the case of Class C shares, Class D P shares, Class PR shares, Class R R6 shares, Institutional Class shares and Administrative Class shares. For such purposes, the Distributor will have the right to purchase shares at net asset value. The Distributor will also have the right, as agent, to sell shares of a Fund indirectly to the public through broker dealers who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and who are acting as introducing brokers pursuant to clearing agreements with the Distributor (“introducing brokers”), to broker dealers who are members of FINRA and who have entered into selling agreements with the Distributor (“participating brokers”) or through other financial intermediaries, in each case against orders therefor. The price for introducing brokers, participating brokers and other financial intermediaries shall be, in the case of Class A shares and Class T shares, the applicable public offering price less a concession to be determined by the Distributor, which concession will not exceed the amount of the sales charge or underwriting discount, if any, described below below, and, in the case of Class C shares, Class D shares, Class P shares, Class R shares, Class R6 shares, Institutional Class shares and Administrative Class shares, net asset value. The Trust shall sell through the Distributor, as the Trust’s agent, shares to eligible investors as described in the Prospectus. All orders through the Distributor shall be subject to acceptance and confirmation by the Trust. The Trust shall have the right, at its election, to deliver either shares issued upon original issue or treasury shares. Prior to the time of transfer of any shares by the Trust to, or on the order of, the Distributor or any introducing broker, participating broker or other financial intermediary, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in New York clearing house clearinghouse funds equal to the applicable net asset value of the shares. Upon receipt of registration instructions in proper form, the Distributor will transmit or cause to be transmitted such instructions to the Trust or its agent for registration of the shares purchased. The public offering price of Class A shares and Class T Shares shall be the net asset value of such shares, plus any applicable sales charge as set forth in the Prospectus. In no event will any applicable sales charge or underwriting discount exceed the limitations on permissible sales loads imposed by Section 22(b) of the 1940 Act and NASD Rule 2830(d) of the Conduct Rules of FINRA, as either or both may be amended from time to time. On every sale, the Trust shall receive the net asset value of the shares. The net asset value of the shares shall be determined in the manner provided in the Amended and Restated Agreement and Declaration of Trust, as from time to time amended or restated (the “Declaration of Trust”), and the Second Amended and Restated By-laws of the Trust, as from time to time amended or restated. In the case of Class A shares, the Distributor may retain so much of any sales charge or underwriting discount as is not allowed by the Distributor as a concession to dealers and such sales charge or underwriting discount shall be in addition to the fee paid to the Distributor in respect of Class A shares, as described in Section 5 hereof.

Sale of Shares to Distributor and Sales by Distributor. The Distributor will have the right, as principal, to sell shares of each Class of each Fund directly to the public against orders therefor at the applicable public offering price as described below in the case of Class A shares, and at net asset value in the case of Class B shares, Class C shares, Class D shares, Class P, Class R shares, Institutional Class shares and Administrative Class shares. For such purposes, the Distributor will have the right to purchase shares at net asset value. The Distributor will also have the right, as agent, to sell shares of a Fund indirectly to the public through broker broker-dealers who are members of the Financial Industry Regulatory AuthorityNational Association of Securities Dealers, Inc. (“FINRA”) and who are acting as introducing brokers pursuant to clearing agreements with the Distributor (“"introducing brokers”"), to broker broker-dealers who which are members of FINRA the National Association of Securities Dealers, Inc. and who have entered into selling agreements with the Distributor (“"participating brokers”") or through other financial intermediaries, in each case against orders therefor. The price for introducing brokers, participating brokers and other financial intermediaries shall be, in the case of Class A shares, the applicable public offering price less a concession to be determined by the Distributor, which concession will not exceed the amount of the sales charge or underwriting discount, if any, described below and, in the case of Class B shares, Class C shares, Class D shares, Class P shares, Class R shares, Institutional Class shares and Administrative Class shares, net asset value. The Trust shall sell through the Distributor, as the Trust’s 's agent, shares to eligible investors as described in the Prospectus. All orders through the Distributor shall be subject to acceptance and confirmation by the Trust. The Trust shall have the right, at its election, to deliver either shares issued upon original issue or treasury shares. Prior to the time of transfer of any shares by the Trust to, or on the order of, the Distributor or any introducing broker, participating broker or other financial intermediary, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in New York clearing house funds equal to the applicable net asset value of the shares. Upon receipt of registration instructions in proper form, the Distributor will transmit or cause to be transmitted such instructions to the Trust or its agent for registration of the shares purchased. The public offering price of Class A shares shall be the net asset value of such shares, plus any applicable sales charge as set forth in the Prospectus. In no event will any applicable sales charge or underwriting discount exceed the limitations on permissible sales loads imposed by Section 22(b) of the 1940 Act and NASD Rule 2830(d) of the Conduct Rules of FINRAthe National Association of Securities Dealers, Inc., as either or both may be amended from time to time. On every sale, the Trust shall receive the net asset value of the shares. The net asset value of the shares shall be determined in the manner provided in the Amended and Restated Agreement and Declaration of Trust, as from time to time amended or restated (the “Declaration of Trust”), Trust and the Amended and Restated By-laws of the Trust, Trust as from time to time amended or restatedthen amended. In the case of Class A shares, the Distributor may retain so much of any sales charge or underwriting discount as is not allowed by the Distributor as a concession to dealers dealers, and such sales charge or underwriting discount shall be in addition to the fee paid to the Distributor in respect of Class A shares, shares as described in Section 5 hereof.

Sale of Shares to Distributor and Sales by Distributor. The Distributor will have the right, as principal, to sell shares of each Class class of each Fund directly to the public against orders therefor at the applicable public offering price as described below in the case of Class A shares, and at net asset value in the case of Class C shares, Class D shares, Class P, Class R shares, Institutional Class shares and Administrative Institutional Class shares. For such purposes, the Distributor will have the right to purchase shares at net asset value. The Distributor will also have the right, as agent, to sell shares of a Fund indirectly to the public through broker dealers who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and who are acting as introducing brokers pursuant to clearing agreements with the Distributor (“introducing brokers”), to broker dealers who are members of FINRA and who have entered into selling agreements with the Distributor (“participating brokers”) or through other financial intermediaries, in each case against orders therefor. The price of shares for introducing brokers, participating brokers and other financial intermediaries shall be, be (i) in the case of Class A shares, the applicable public offering price less a concession to be determined by the Distributor, which concession will not exceed the amount of the sales charge or underwriting discount, if any, described below and, and (ii) in the case of Class C shares, Class D shares, Class P shares, Class R shares, Institutional Class shares and Administrative Institutional Class shares, net asset value. The Trust shall sell through the Distributor, as the Trust’s agent, shares to eligible investors as described in the Prospectus. All orders through the Distributor shall be subject to acceptance and confirmation by the TrustTrust and its agents. The Trust shall have the right, at its election, to deliver either shares issued upon original issue or treasury shares. Prior to the time of transfer of any shares by the Trust to, or on the order of, the Distributor or any introducing broker, participating broker or other financial intermediary, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in New York clearing house funds equal to the applicable net asset value of the shares. Upon receipt of registration instructions in proper form, the Distributor will transmit or cause to be transmitted such instructions to the Trust or its agent for registration of the shares purchased. The public offering price of Class A shares shall be the net asset value of such shares, plus any applicable sales charge as set forth in the Prospectus. In no event will any applicable sales charge or underwriting discount exceed the limitations on permissible sales loads imposed by Section 22(b) of the 1940 Act and NASD Rule 2830(d) of the Conduct Rules of FINRA, as either or both may be amended from time to time. On every sale, the Trust shall receive the net asset value of the shares. The net asset value of the shares shall be determined in the manner provided in the Amended and Restated Agreement and Declaration of Trust, as from time to time amended or restated (the “Declaration of Trust”), and the Amended and Restated By-laws Bylaws of the Trust, as from time to time amended or restated. In the case of Class A shares, the Distributor may retain so much of any sales charge or underwriting discount as is not allowed by the Distributor as a concession to dealers and such sales charge or underwriting discount shall be in addition to the fee paid to the Distributor in respect of Class A shares, as described in Section 5 hereof.

Sale of Shares to Distributor and Sales by Distributor. The Distributor will have the right, as principalagent, to sell shares of each Class of each Fund directly to the public against orders therefor at the applicable public offering price as described below in the case of Class A shares, and at net asset value in the case of Class C shares, Class D shares, Class PP shares, Class R shares, Institutional Class shares and Administrative Class shares. For such purposes, the Distributor will have the right to purchase shares at net asset value. The Distributor will also have the right, as agent, to sell shares of a Fund indirectly to the public through broker broker-dealers who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and who are acting as introducing brokers pursuant to clearing agreements with the Distributor (“introducing brokers”), to broker broker-dealers who which are members of FINRA and who have entered into selling agreements with the Distributor (“participating brokers”) or through other financial intermediaries, in each case against orders therefor. The price for introducing brokers, participating brokers and other financial intermediaries shall be, in the case of Class A shares, the applicable public offering price less a concession to be determined by the Distributor, which concession will not exceed the amount of the sales charge or underwriting discount, if any, described below and, in the case of Class C shares, Class D shares, Class P shares, Class R shares, Institutional Class shares and Administrative Class shares, net asset value. The Trust shall sell through the Distributor, as the Trust’s agent, shares to eligible investors as described in the Prospectus. All orders through the Distributor shall be subject to acceptance and confirmation by the Trust. The Trust shall have the right, at its election, to deliver either shares issued upon original issue or treasury shares. Prior to the time of transfer of any shares by the Trust to, or on the order of, the Distributor or any introducing broker, participating broker or other financial intermediary, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in New York clearing house funds equal to the applicable net asset value of the shares. Upon receipt of registration instructions in proper form, the Distributor will transmit or cause to be transmitted such instructions to the Trust or its agent for registration of the shares purchased. The public offering price of Class A shares shall be the net asset value of such shares, plus any applicable sales charge as set forth in the Prospectus. In no event will any applicable sales charge or underwriting discount exceed the limitations on permissible sales loads imposed by Section 22(b) of the 1940 Act and NASD Rule 2830(d) of the NASD Conduct Rules of FINRA(or comparable FINRA Conduct Rules, if such NASD Conduct Rules are subsequently renamed, repealed, rescinded, or otherwise replaced by FINRA Conduct Rules), as either or both may be amended from time to time. On every sale, the Trust shall receive the net asset value of the shares. The net asset value of the shares shall be determined in the manner provided in the Amended and Restated Agreement and Declaration of Trust, as from time to time amended or restated (the “Declaration of Trust”), Trust and the Amended and Restated By-laws of the Trust, Trust as from time to time amended or restatedthen amended. In the case of Class A shares, the Distributor may retain so much of any sales charge or underwriting discount as is not allowed by the Distributor as a concession to dealers dealers, and such sales charge or underwriting discount shall be in addition to the fee paid to the Distributor in respect of Class A shares, shares as described in Section 5 hereof.

Sale of Shares to Distributor and Sales by Distributor. The Distributor will have the right, as principal, to sell shares of each Class of each Fund directly to the public against orders therefor at the applicable public offering price as described below in the case of Class A sharesshares and Class C shares of those Funds whose Class C shares are subject to an initial sales charge, and at net asset value in the case of Class B shares, Class C sharesshares of those Funds whose Class C shares are not subject to an initial sales charge, Class D shares, Class P, Class R shares, Institutional Class shares and Administrative Class shares. For such purposes, the Distributor will have the right to purchase shares at net asset value. The Distributor will also have the right, as agent, to sell shares of a Fund indirectly to the public through broker dealers who are members of the Financial Industry Regulatory AuthorityNational Association of Securities Dealers, Inc. (“FINRA”) and who are acting as introducing brokers pursuant to clearing agreements with the Distributor (“"introducing brokers”"), to broker dealers who which are members of FINRA the National Association of Securities Dealers, Inc. and who have entered into selling agreements with the Distributor (“"participating brokers”") or through other financial intermediaries, in each case against orders therefor. The price for introducing brokers, participating brokers and other financial intermediaries shall be, in the case of Class A sharesshares and Class C shares of those Funds whose Class C shares are subject to an initial sales charge, the applicable public offering price less a concession to be determined by the Distributor, which concession will not exceed the amount of the sales charge or underwriting discount, if any, described below and, in the case of Class C B shares, Class D sharesC shares of those Funds whose Class C shares are not subject to an initial sales charge, Class P D shares, Class R shares, Institutional Class shares and Administrative Class shares, net asset value. The Trust shall sell through the Distributor, as the Trust’s 's agent, shares to eligible investors as described in the Prospectus. All orders through the Distributor shall be subject to acceptance and confirmation by the Trust. The Trust shall have the right, at its election, to deliver either shares issued upon original issue or treasury shares. Prior to the time of transfer of any shares by the Trust to, or on the order of, the Distributor or any introducing broker, participating broker or other financial intermediary, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in New York clearing house funds equal to the applicable net asset value of the shares. Upon receipt of registration instructions in proper form, the Distributor will transmit or cause to be transmitted such instructions to the Trust or its agent for registration of the shares purchased. The public offering price of Class A shares and Class C shares of those Funds whose Class C shares are subject to an initial sales charge shall be the net asset value of such shares, plus any applicable sales charge as set forth in the Prospectus. In no event will any applicable sales charge or underwriting discount exceed the limitations on permissible sales loads imposed by Section 22(b) of the 1940 Act and NASD Rule 2830(d) of the Conduct Rules of FINRAthe National Association of Securities Dealers, Inc., as either or both may be amended from time to time. On every sale, the Trust shall receive the net asset value of the shares. The net asset value of the shares shall be determined in the manner provided in the Second Amended and Restated Agreement and Declaration of Trust, as from time to time amended or restated Trust (the “"Declaration of Trust”), ") and the Amended and Restated By-laws of the Trust, each as from time to time further amended or restated. In the case of Class A sharesshares and Class C shares of those Funds whose Class C shares are subject to an initial sales charge, the Distributor may retain so much of any sales charge or underwriting discount as is not allowed by the Distributor as a concession to dealers and such sales charge or underwriting discount shall be in addition to the fee paid to the Distributor in respect of Class A shares or Class C shares, as applicable, as described in Section 5 hereof.

Sale of Shares to Distributor and Sales by Distributor. The Distributor will have the right, as principalagent, to sell shares of each Class of each Fund directly to the public against orders therefor at the applicable public offering price as described below in the case of Class A shares and Class T shares, and at net asset value in the case of Class C shares, Class D shares, Class PP shares, Class R shares, Institutional Class shares and Administrative Class shares. For such purposes, the Distributor will have the right to purchase shares at net asset value. The Distributor will also have the right, as agent, to sell shares of a Fund indirectly to the public through broker broker-dealers who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and who are acting as introducing brokers pursuant to clearing agreements with the Distributor (“introducing brokers”), to broker broker-dealers who which are members of FINRA and who have entered into selling agreements with the Distributor (“participating brokers”) or through other financial intermediaries, in each case against orders therefor. The price for introducing brokers, participating brokers and other financial intermediaries shall be, in the case of Class A shares and Class T shares, the applicable public offering price less a concession to be determined by the Distributor, which concession will not exceed the amount of the sales charge or underwriting discount, if any, described below and, in the case of Class C shares, Class D shares, Class P shares, Class R shares, Institutional Class shares and Administrative Class shares, net asset value. The Trust shall sell through the Distributor, as the Trust’s agent, shares to eligible investors as described in the Prospectus. All orders through the Distributor shall be subject to acceptance and confirmation by the Trust. The Trust shall have the right, at its election, to deliver either shares issued upon original issue or treasury shares. Prior to the time of transfer of any shares by the Trust to, or on the order of, the Distributor or any introducing broker, participating broker or other financial intermediary, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in New York clearing house funds equal to the applicable net asset value of the shares. Upon receipt of registration instructions in proper form, the Distributor will transmit or cause to be transmitted such instructions to the Trust or its agent for registration of the shares purchased. The public offering price of Class A shares and Class T shares shall be the net asset value of such shares, plus any applicable sales charge as set forth in the Prospectus. In no event will any applicable sales charge or underwriting discount exceed the limitations on permissible sales loads imposed by Section 22(b) of the 1940 Act and NASD Rule 2830(d2341(d) of the FINRA Conduct Rules of FINRARules, as either or both may be amended from time to time. On every sale, the Trust shall receive the net asset value of the shares. The net asset value of the shares shall be determined in the manner provided in the Amended and Restated Agreement and Declaration of Trust, as from time to time amended or restated (the “Declaration of Trust”), Trust and the Amended and Restated By-laws of the Trust, Trust as from time to time amended or restatedthen amended. In the case of Class A shares and Class T shares, the Distributor may retain so much of any sales charge or underwriting discount as is not allowed by the Distributor as a concession to dealers dealers, and such sales charge or underwriting discount shall be in addition to the fee paid to the Distributor in respect of Class A shares, shares and Class T shares as described in Section 5 hereof.

Sale of Shares to Distributor and Sales by Distributor. The Distributor will have the right, as principal, to sell shares of each Class of each Fund directly to the public against orders therefor at the applicable public offering price as described below in the case of Class A shares, and at net asset value in the case of Class C shares, Class D shares, Class PP shares, Class R shares, Institutional Class shares and Administrative Class shares. For such purposes, the Distributor will have the right to purchase shares at net asset value. The Distributor will also have the right, as agent, to sell shares of a Fund indirectly to the public through broker broker-dealers who are members of the Financial Industry Regulatory Authority, Inc. (“FINRA”) and who are acting as introducing brokers pursuant to clearing agreements with the Distributor (“introducing brokers”), to broker broker-dealers who which are members of FINRA and who have entered into selling agreements with the Distributor (“participating brokers”) or through other financial intermediaries, in each case against orders therefor. The price for introducing brokers, participating brokers and other financial intermediaries shall be, in the case of Class A shares, the applicable public offering price less a concession to be determined by the Distributor, which concession will not exceed the amount of the sales charge or underwriting discount, if any, described below and, in the case of Class C shares, Class D shares, Class P shares, Class R shares, Institutional Class shares and Administrative Class shares, net asset value. The Trust shall sell through the Distributor, as the Trust’s agent, shares to eligible investors as described in the Prospectus. All orders through the Distributor shall be subject to acceptance and confirmation by the Trust. The Trust shall have the right, at its election, to deliver either shares issued upon original issue or treasury shares. Prior to the time of transfer of any shares by the Trust to, or on the order of, the Distributor or any introducing broker, participating broker or other financial intermediary, the Distributor shall pay or cause to be paid to the Trust or to its order an amount in New York clearing house funds equal to the applicable net asset value of the shares. Upon receipt of registration instructions in proper form, the Distributor will transmit or cause to be transmitted such instructions to the Trust or its agent for registration of the shares purchased. The public offering price of Class A shares shall be the net asset value of such shares, plus any applicable sales charge as set forth in the Prospectus. In no event will any applicable sales charge or underwriting discount exceed the limitations on permissible sales loads imposed by Section 22(b) of the 1940 Act and NASD Rule 2830(d) of the Conduct Rules of FINRA, as either or both may be amended from time to time. On every sale, the Trust shall receive the net asset value of the shares. The net asset value of the shares shall be determined in the manner provided in the Amended and Restated Agreement and Declaration of Trust, as from time to time amended or restated (the “Declaration of Trust”), Trust and the Amended and Restated By-laws of the Trust, Trust as from time to time amended or restatedthen amended. In the case of Class A shares, the Distributor may retain so much of any sales charge or underwriting discount as is not allowed by the Distributor as a concession to dealers dealers, and such sales charge or underwriting discount shall be in addition to the fee paid to the Distributor in respect of Class A shares, shares as described in Section 5 hereof.