In seeking to achieve the Funds investment objective, the Sub-Advisers employ a tax-aware investing strategy that attempts to realize total return for shareholders, primarily in the form of current income and price appreciation, by balancing investment considerations and tax considerations. Total return consists of income earned on the Funds investments, plus capital appreciation, if any. The Sub-Advisers allocate the Funds assets among taxable and tax-exempt investments with no limitation on the amount of assets that may be invested in either category. The Fund is eligible to pay exempt-interest dividends only if 50 percent of the value of its total assets is invested in tax-exempt securities at the end of each quarter of its taxable year.