<SEC-DOCUMENT>0000940394-22-001103.txt : 20220617
<SEC-HEADER>0000940394-22-001103.hdr.sgml : 20220617
<ACCEPTANCE-DATETIME>20220617094522
ACCESSION NUMBER:		0000940394-22-001103
CONFORMED SUBMISSION TYPE:	424B3
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20220617
DATE AS OF CHANGE:		20220617

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Eaton Vance Risk-Managed Diversified Equity Income Fund
		CENTRAL INDEX KEY:			0001395325
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		424B3
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-260965
		FILM NUMBER:		221022626

	BUSINESS ADDRESS:	
		STREET 1:		TWO INTERNATIONAL PLACE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		617-482-8260

	MAIL ADDRESS:	
		STREET 1:		TWO INTERNATIONAL PLACE
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Eaton Vance Risk-Managed Equity Income Fund
		DATE OF NAME CHANGE:	20070404
</SEC-HEADER>
<DOCUMENT>
<TYPE>424B3
<SEQUENCE>1
<FILENAME>etjprosupp.htm
<DESCRIPTION>RISK-MANAGED DIVERSIFIED EQUITY INCOME FUND PRO SUPP DTD 6-17-2022
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt"><IMG SRC="image_001.jpg" ALT="Eaton Vance Logo - NEW" STYLE="height: 37px; width: 180px"></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: right"><B>Filed pursuant to Rule 424(b)(3)<BR>
File No. 333-260965</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0 15pt; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 15pt; text-align: center"><FONT STYLE="font-size: 10pt"><B>EATON VANCE
RISK-MANAGED DIVERSIFIED EQUITY INCOME FUND<BR>
Supplement to </B></FONT><B><FONT STYLE="font-size: 9pt">Prospectus</FONT> <FONT STYLE="font-size: 10pt">dated November 10, 2021</FONT></B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>The following replaces the Financial Highlights contained in the
Prospectus:</B></P>

<P STYLE="font: 10pt NewsGoth Lt BT; margin: 3pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt NewsGoth XCn BT; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Year Ended December 31,</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: center; vertical-align: top; width: 40%; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; vertical-align: top; width: 12%; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">2021</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; vertical-align: bottom; width: 12%; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">2020</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; vertical-align: bottom; width: 12%; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">2019</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; vertical-align: bottom; width: 12%; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">2018</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; vertical-align: bottom; width: 12%; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">2017</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Net asset value &ndash; Beginning of year</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;10.080</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;9.340</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;8.950</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;10.080</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;9.980</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Income (Loss) From Operations</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Net investment income<SUP>(1)</SUP></FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;0.045</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;0.067</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;0.066</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;0.059</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;0.078</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Net realized and unrealized gain (loss)</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.159</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.585</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.236</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;(0.277)</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;0.968</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Total income (loss) from operations</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; vertical-align: top; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;1.204</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; vertical-align: top; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;1.652</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; vertical-align: top; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;1.302</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; vertical-align: top; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;(0.218)</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; vertical-align: top; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;1.046</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Less Distributions</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">From net investment income</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;(0.045)</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;(0.080)</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;(0.066)</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;(0.486)</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;(0.946)</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">From net realized gain</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;(0.181)</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;(0.194)</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;&mdash;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;&mdash;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;&mdash;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Tax return of capital</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;(0.686)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;(0.638)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;(0.846)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;(0.426)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;&mdash;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Total distributions </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;(0.912)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;(0.912)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;(0.912)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;(0.912)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;(0.946)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Premium from common shares sold through shelf offering<SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;0.008</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&#9;&mdash;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&#9;&mdash;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&#9;&mdash;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&#9;&mdash;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Net asset value &ndash; End of year </FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;10.380</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;10.080</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;9.340</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;8.950</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;10.080</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Market value &ndash; End of year</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;10.690</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;10.370</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;9.330</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;8.120</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;9.630</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Total Investment Return on Net Asset Value<SUP>(2)</SUP></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;12.35%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;18.78%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;15.18%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;(2.13)%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;11.66%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Total Investment Return on Market Value<SUP>(2)</SUP></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;12.47%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;22.33%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;26.82%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;(7.06)%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;18.82%</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Ratios/Supplemental Data</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Net assets, end of year (000&rsquo;s omitted)</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;677,045</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;643,771</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;595,471</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;570,021</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;641,923</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Ratios (as a percentage of average daily net assets):</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding: 3pt 5.4pt 3pt 13.7pt; line-height: 10pt">Expenses</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.10%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.11%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.11%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.10%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.10%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding: 3pt 5.4pt 3pt 13.7pt; line-height: 10pt">Net investment income</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;0.44%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;0.70%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;0.71%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;0.60%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;0.78%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Portfolio Turnover</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;41%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;52%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;57%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;53%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;87%</TD></TR>
  </TABLE>
<P STYLE="font: 8pt/10pt NewsGoth XCn BT; margin: 3pt 0 3pt 5.75pt; text-align: right; text-indent: -5.75pt">(See related footnotes.)</P>

<P STYLE="font: 10pt NewsGoth Lt BT; margin: 3pt 0">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 9pt NewsGoth XCn BT; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="text-align: center; vertical-align: top; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; vertical-align: bottom; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Year Ended December 31,</FONT></TD></TR>
  <TR>
    <TD STYLE="text-align: center; vertical-align: top; width: 40%; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; vertical-align: bottom; width: 12%; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">2016</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; vertical-align: bottom; width: 12%; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">2015</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; vertical-align: bottom; width: 12%; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">2014</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; vertical-align: bottom; width: 12%; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">2013</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; vertical-align: bottom; width: 12%; padding-top: 3pt; padding-bottom: 3pt; text-align: center"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">2012</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Net asset value &ndash; Beginning of year</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;11.150</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;12.060</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;12.720</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;11.950</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;12.640</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Income (Loss) From Operations</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Net investment income<SUP>(1)</SUP></FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;0.108</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;0.197</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;0.065</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;0.088</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;0.131</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Net realized and unrealized gain (loss)</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;(0.162)</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;0.007</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;0.335</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;&#9;1.734</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;0.281</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-top: Black 1pt solid; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Total income (loss) from operations</FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; vertical-align: top; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;(0.054)</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; vertical-align: top; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;0.204</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; vertical-align: top; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;0.400</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; vertical-align: top; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;1.822</TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: right; vertical-align: top; border-bottom: Black 1pt solid; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;0.412</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Less Distributions</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">From net investment income</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;(0.093)</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;(1.116)</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;(1.116)</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;(0.098)</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;(0.129)</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Tax return of capital</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;(1.023)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;&mdash;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;&mdash;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;(1.018)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;(1.028)</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Total distributions</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 3pt 5.4pt; vertical-align: top; text-align: right; line-height: 10pt">&#9;$&#9;(1.116)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;(1.116)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;(1.116)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;(1.116)</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;(1.157)</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Anti-dilutive effect of share repurchase program<SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;&mdash;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;0.002</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;0.056</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;0.064</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;0.055</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Net asset value &ndash; End of year</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;9.980</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;11.150</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;12.060</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;12.720</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;11.950</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Market value &ndash; End of year</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;8.960</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;10.160</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;10.660</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;11.270</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;$&#9;10.430</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Total Investment Return on Net Asset Value<SUP>(2)</SUP></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;0.60%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;2.76%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;4.49%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;17.59%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;5.42%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth BdXCn BT,sans-serif; font-size: 9pt">Total Investment Return on Market Value<SUP>(2)</SUP></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;(0.88)%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;5.93%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;4.25%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;19.47%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;11.20%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Ratios/Supplemental Data</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: bottom; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; padding: 3pt 5.4pt; line-height: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Net assets, end of year (000&rsquo;s omitted)</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;635,595</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;710,166</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;769,202</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;851,013</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;$&#9;839,703</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Ratios (as a percentage of average daily net assets):</FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: bottom; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: bottom; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; line-height: 10pt">&nbsp;</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; line-height: 10pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding: 3pt 5.4pt 3pt 13.7pt; line-height: 10pt">Expenses<FONT STYLE="font-family: NewsGoth XCn BT,sans-serif"><SUP>(3)</SUP></FONT></TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.11%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.10%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.10%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.10%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.09%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; padding: 3pt 5.4pt 3pt 13.7pt; line-height: 10pt">Net investment income</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.05%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.68%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;0.52%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;0.71%</TD>
    <TD STYLE="padding: 3pt 5.4pt; text-align: right; vertical-align: top; line-height: 10pt">&#9;1.07%</TD></TR>
  <TR>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 1pt solid; font: 10pt NewsGoth Lt BT; padding-top: 3pt; padding-bottom: 3pt"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif; font-size: 9pt">Portfolio Turnover</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;79%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;77%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;66%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;42%</TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: right; vertical-align: top; padding: 3pt 5.4pt; line-height: 10pt">&#9;48%</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 9pt NewsGoth XCn BT; margin-top: 0; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="vertical-align: top; width: 15pt; text-align: left"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif"><SUP>(1)</SUP></FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Computed using average shares outstanding.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 9pt NewsGoth XCn BT; margin-top: 0; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="vertical-align: top; width: 15pt; text-align: left"><FONT STYLE="font-family: NewsGoth XCn BT,sans-serif"><SUP>(2)</SUP></FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify">Returns are historical and are calculated by determining the percentage change in net asset
value or market value with all distributions reinvested. Distributions are assumed to be reinvested at prices obtained under the Fund&rsquo;s
dividend reinvestment plan.</TD>
</TR></TABLE>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 9pt NewsGoth XCn BT,sans-serif; margin-top: 0; margin-bottom: 6pt; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="vertical-align: top; width: 15pt; text-align: left"><FONT STYLE="color: windowtext"><SUP>(3)</SUP></FONT></TD><TD STYLE="width: 5pt"></TD><TD STYLE="text-align: justify"><FONT STYLE="color: windowtext; vertical-align: baseline">Excludes the effect of custody
fee credits, if any, of less than 0.005%. </FONT><FONT STYLE="vertical-align: baseline">Effective September 1, 2015, custody fee credits,
which were earned on cash deposit balances, were discontinued by the custodian.</FONT></TD>
</TR></TABLE>



<P STYLE="font: 9pt/10pt NewsGoth XCn BT,sans-serif; margin: 3pt 0; text-indent: -13.5pt"><FONT STYLE="vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font: 9pt/10pt NewsGoth XCn BT,sans-serif; margin: 3pt 0; text-indent: -13.5pt"><FONT STYLE="vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font: 9pt/10pt NewsGoth XCn BT,sans-serif; margin: 3pt 0; text-indent: -13.5pt"><FONT STYLE="vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font: 9pt/10pt NewsGoth XCn BT,sans-serif; margin: 3pt 0; text-indent: -13.5pt"><FONT STYLE="vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font: 9pt/10pt NewsGoth XCn BT,sans-serif; margin: 3pt 0; text-indent: -13.5pt"><FONT STYLE="vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font: 9pt/10pt NewsGoth XCn BT,sans-serif; margin: 3pt 0; text-indent: -13.5pt"><FONT STYLE="vertical-align: baseline">&nbsp;</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">June 17, 2022</P>

<P STYLE="font: 9pt/10pt NewsGoth XCn BT,sans-serif; margin: 3pt 0; text-indent: -13.5pt"><FONT STYLE="vertical-align: baseline">&nbsp;</FONT></P>


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