MULTI CAP EQUITY INCOME FUND CLASS A (AAEQX) Exchange: NMFQS

DELISTED - To pursue its objective, under normal circumstances, the Fund invests at least 80% of its net assets in dividend-paying equity securities. The Fund will invest in companies of all market capitalization - large, mid and small. These policies will not be changed without at least 60 days prior notice to shareholders. “Equity securities” for purposes of this policy refers to common stocks and securities convertible into common stocks. The Fund may also invest up to 20% of its net assets in non-dividend-paying equity securities,preferred stocks, American Depositary Receipts, corporate bonds, notes, warrants and cash equivalents. In general, corporate bonds may be of any maturity and will be rated at the time of purchase within the three highest ratings categories assigned by a nationally recognized statistical ratings organization, or, if not rated, found by the Adviser under guidelines approved by the Trust’s Board of Trustees to be of comparable quality. However, the Fund may invest up to 5% of its net assets in corporate bonds that are rated below investment grade (i.e., “junk bonds”) and thus rated below Baa3 by Moody’s, BBB- by S&P or BBB- by Fitch Ratings.    The Fund actively invests and may trade frequently in companies with attractive prospects for long-term capital appreciation. The portfolio management team of the Fund seeks to identify companies that possess the following fundamental characteristics: pays an attractive dividend, generates strong returns potentially enabling future dividend growth, attractive valuation, the potential to gain market share and led by strong management teams.