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Investment Management Fee RateThe following table presents industry asset-weighted average management fee rates 1 . Our actualeffective investment management fee rates may vary from these rates.for the fiscal years ended September 30,Industry Average2009Industry Average2008Industry Average2007EquityGlobal/international .......................... 0.62% 0.60% 0.63%Domestic (U.S.) ............................. 0.47% 0.47% 0.47%Hybrid ........................................ 0.39% 0.38% 0.38%Fixed-IncomeTax-free ................................... 0.36% 0.37% 0.38%TaxableGlobal/international ...................... 0.53% 0.56% 0.55%Domestic (U.S.) ......................... 0.38% 0.37% 0.37%Cash Management .............................. 0.20% 0.22% 0.22%1 Industry asset-weighted average management fee rates were calculated using information available from Lipper ® Inc. atSeptember 30, 2009, 2008 and 2007 and include all U.S.-registered open-end funds that reported expense data to LipperInc. as of the funds’ most recent annual report date, and for which expenses were equal to or greater than zero. Asdefined by Lipper Inc., management fees include fees from providing advisory and fund administration services. Theaverages combine retail and institutional funds data and include all share classes and distribution channels, withoutexception. Variable annuity products are not included.Our effective investment management fee rate (investment management fees divided by simplemonthly average assets under management) was 0.566% for fiscal year 2009, compared to 0.609% for fiscalyear 2008 and 0.614% for fiscal year 2007. The decreases in each of the past two years were primarily dueto shifts in the mix of assets under management from equity products towards fixed-income products duringboth years. The shifts mainly resulted from depreciation and net new outflows of equity products, partiallyoffset by net new inflows of fixed-income products.Operating RevenuesThe table below presents the percentage change in each revenue category and the percentage of totaloperating revenues represented by each category.Percentage of TotalPercentage Change Operating Revenuesfor the fiscal years ended September 30, 2009 vs. 2008 2008 vs. 2007 2009 2008 2007Investment management fees ........................... (32)% 3% 60% 61% 58%Underwriting and distribution fees ...................... (30)% (12)% 34% 33% 37%Shareholder servicing fees ............................. (8)% 4% 6% 5% 4%Consolidated sponsored investment products income, net .... (25)% 40% — — —Other, net .......................................... (85)% (33)% — 1% 1%Total Operating Revenues ....................... (30)% (3)% 100% 100% 100%Investment Management FeesInvestment management fees are generally calculated under contractual arrangements with oursponsored investment products and sub-advised accounts as a percentage of the market value of assets undermanagement. Annual rates vary by investment objective and type of services provided.42