Morningstar ratings

Based on risk-adjusted return.

  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 3 star 4 star 3 star 3 star
Funds in category 1/31/2020 72 72 64 32
Morningstar Category: Pacific/Asia ex-Japan Stk
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 4 star 4 star 4 star 4 star
Funds in category 1/31/2020 77 77 74 50
Morningstar Category: China Region
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 4 star 3 star 3 star 4 star
Funds in category 1/31/2020 235 235 192 60
Morningstar Category: Multialternative
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 2 star 2 star 3 star 2 star
Funds in category 1/31/2020 388 388 326 188
Morningstar Category: World Allocation
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 3 star 3 star 3 star 3 star
Funds in category 1/31/2020 388 388 326 188
Morningstar Category: World Allocation
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 3 star 3 star 3 star 2 star
Funds in category 1/31/2020 741 741 607 365 
Morningstar Category: World Large Stock
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 3 star 3 star 3 star 4 star 
Funds in category 1/31/2020 713 713 584 243 
Morningstar Category: Diversified Emerging Mkts
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 3 star 3 star 3 star N/A
Funds in category 1/31/2020 240 240 179 N/A 
Morningstar Category: Emerging Markets Bond
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 N/A N/A N/A N/A
Funds in category 1/31/2020 N/A N/A N/A N/A 
Morningstar Category: Large Growth
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 3 star 3 star 4 star 3 star
Funds in category 1/31/2020 180 180 170 101
Morningstar Category: World Bond
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 2 star 2 star 2 star 2 star 
Funds in category 1/31/2020 741 741 607 365 
Morningstar Category: World Large Stock
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 2 star 3 star 2 star 1 star
Funds in category 1/31/2020 741 741 607 365
Morningstar Category: World Large Stock
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 2 star 4 star 1 star 1 star
Funds in category 1/31/2020 621 621 542 339 
Morningstar Category: High Yield Bond
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 3 star 3 star 3 star 3 star
Funds in category 1/31/2020 85 85 65 24
Morningstar Category: Infrastructure
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 1 star 1 star 1 star 1 star
Funds in category 1/31/2020 401 401 335 244
Morningstar Category: Foreign Large Growth
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 3 star 4 star 2 star 1 star 
Funds in category 1/31/2020 198 198 168 110
Morningstar Category: Global Real Estate
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 4 star 4 star 4 star 4 star
Funds in category 1/31/2020 119 119 92 56
Morningstar Category: Foreign Small/Mid Growth
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 3 star 2 star 3 star 3 star 
Funds in category 1/31/2020 241 241 216 156 
Morningstar Category: Muni National Interm
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 3 star 3 star 3 star 3 star 
Funds in category 1/31/2020 222 222 198 137 
Morningstar Category: Real Estate
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 2 star 4 star 2 star 1 star 
Funds in category 1/31/2020 630 630 497 369 
Morningstar Category: Foreign Large Blend
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 1 star 1 star 1 star N/A
Funds in category 1/31/2020 156 156 135 N/A 
Morningstar Category: High Yield Muni
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 3 star 3 star 3 star 3 star 
Funds in category 1/31/2020 379 379 323 348 
Morningstar Category: Intermediate Core Bond
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 1 star 1 star 1 star 1 star 
Funds in category 1/31/2020 178 178 157 118
Morningstar Category: Muni National Short
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 3 star 3 star N/A N/A
Funds in category 1/31/2020 566 566 N/A N/A 
Morningstar Category: Mid-Cap Growth
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 2 star 2 star 3 star 2 star
Funds in category 1/31/2020 1223 1223 1084 814 
Morningstar Category: Large Growth
  As of date Overall 3 Year 5 Year 10 Year
Class A (with sales charges) 1/31/2020 3 star 2 star 3 star 3 star
Funds in category 1/31/2020 568 568 503 380 
Morningstar Category: Small Growth

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The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.