The increase or decrease in a fund's net asset value from the beginning of the calendar year (January 1st) until the end of the calendar year (December 31st), including dividends or interest payments and capital gains or losses, but excluding sales charges or loads, redemption fees and taxes. Calendar Year Total Return is expressed as a percentage and is computed by dividing the change in the fund's net asset value from the beginning of the calendar year until the end of the calendar year by fund's net asset value at the beginning of the calendar year.