Fund+ |
Share
Class (Ticker) |
1290
Avantis® U.S. Large
Cap Growth Fund* |
Class A
(TNRAX); Class T (TNRCX)**; Class I (TNXIX); Class R
(TNXRX)*** |
1290
Diversified Bond Fund |
Class A
(TNUAX); Class T (TNUCX)**; Class I (TNUIX); Class R
(TNURX) |
1290 Essex
Small Cap Growth Fund |
Class A
(ESCFX); Class T (ESCHX)**; Class I (ESCJX); Class R
(ESCKX) |
1290 GAMCO
Small/Mid Cap Value Fund |
Class A
(TNVAX); Class T (TNVCX)**; Class I (TNVIX); Class R
(TNVRX) |
1290 High
Yield Bond Fund |
Class A
(TNHAX); Class T (TNHCX)**; Class I (TNHIX); Class R
(TNHRX) |
1290 Loomis
Sayles Multi-Asset Income Fund |
Class A
(TNXAX); Class T (TNXCX)**; Class I (TNVDX); Class R
(TNYRX) |
1290
Multi-Alternative Strategies Fund |
Class A
(TNMAX); Class T (TNMCX)**; Class I (TNMIX); Class R
(TNMRX) |
1290
SmartBeta Equity Fund |
Class A
(TNBAX); Class T (TNBCX)**; Class I (TNBIX); Class R
(TNBRX) |
1. |
| |
|
2 | |
|
9 | |
|
20 | |
|
28 | |
|
35 | |
|
44 | |
|
57 | |
|
68 | |
2. |
| |
|
76 | |
|
76 | |
|
76 | |
3. |
| |
|
78 | |
|
84 | |
|
113 | |
|
115 | |
4. |
| |
|
124 | |
|
124 | |
|
126 | |
|
128 | |
5. |
131 | |
6. |
134 | |
7. |
138 | |
8. |
140 | |
9. |
141 | |
10. |
148 | |
11. |
150 | |
12. |
152 | |
13. |
153 |
1290
Avantis®
U.S. Large Cap Growth Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price) |
|
|
|
|
Maximum
contingent deferred sales charge (load) (as a percentage of original
purchase price or redemption
proceeds,
whichever is lower) |
|
|
|
|
Maximum
account fee (deducted from accounts with a balance of less than
$1,000) |
$ |
$ |
$ |
$ |
1290
Avantis®
U.S. Large Cap Growth Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Management
Fee |
|
|
|
|
Distribution
and/or Service Fees (12b-1 fees) |
|
|
|
|
Other
Expenses |
|
|
|
|
Total Annual
Fund Operating Expenses2 |
|
|
|
|
Fee Waiver
and/or Expense Reimbursement2,3 |
( |
( |
( |
( |
Total Annual
Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement |
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class A
Shares |
$ |
$ |
$ |
$ |
Class T
Shares |
$ |
$ |
$ |
$ |
Class I
Shares |
$ |
$ |
$ |
$ |
Class R
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
One
Year |
Five
Years |
Since
Inception |
Inception
Date |
1290 Avantis
U.S. Large Cap Growth Fund - Class I
Return Before
Taxes |
|
|
|
|
1290 Avantis
U.S. Large Cap Growth Fund - Class I
Return After
Taxes on Distributions |
|
|
|
|
1290 Avantis
U.S. Large Cap Growth Fund - Class I
Return After
Taxes on Distributions and Sale of Fund Shares |
|
|
|
|
S&P
500® Index
(reflects no deduction for fees, expenses, or taxes) |
|
|
|
|
Russell
1000® Growth Index
(reflects no deduction for fees, expenses, or taxes) |
|
|
|
|
S&P
Target Date 2060+ Index (reflects no deduction for fees, expenses, or
taxes) |
|
|
|
|
Name |
Title |
Date
Began
Managing
the
Fund |
Kenneth T.
Kozlowski, CFP®, CLU,
ChFC |
Executive
Vice President and Chief Investment
Officer of
the Adviser |
March
2017 |
Alwi Chan,
CFA® |
Senior Vice
President and Deputy Chief
Investment
Officer of the Adviser |
March
2017 |
Name |
Title |
Date
Began
Managing
the
Fund |
Eduardo
Repetto |
Chief
Investment Officer of Avantis Investors, a
portfolio
management unit of American
Century |
November
2023 |
Mitchell
Firestein |
Senior
Portfolio Manager of Avantis Investors |
November
2023 |
Daniel
Ong |
Senior
Portfolio Manager of Avantis Investors |
November
2023 |
Ted
Randall |
Senior
Portfolio Manager of Avantis Investors |
November
2023 |
Matthew
Dubin |
Portfolio
Manager of Avantis Investors |
November
2023 |
|
Class
A |
Class
T |
Class
I |
Class
R |
Minimum
Initial Investment |
$1,000 for
all accounts
except: • $500 for
certain fee-based
programs. |
$1,000 for
all accounts
except: • $500 for
certain fee-based
programs. |
• $1,000,000
for certain
institutions
and individuals. • $1,000 for
certain
employees (or
their |
No
minimum
|
|
Class
A |
Class
T |
Class
I |
Class
R |
|
• $500, if
establishing an
Automatic
Bank Draft Plan. • $250
minimum for
purchases by
accounts
through
eligible financial
intermediary
platforms
that have
entered into
selling or
service
agreements
with the
Distributor
and that are
eligible to
purchase
Class A
shares without a
sales
charge. • No minimum
for certain
employer-sponsored
retirement
plans and
certain wrap
fee based
programs. |
• $500, if
establishing an
Automatic
Bank Draft Plan. • No minimum
for certain
employer-sponsored
retirement
plans and
certain wrap
fee based
programs. |
immediate
family
members) of
Equitable
Holdings,
Inc. or its
subsidiaries. • Class I
shares are available
to clients of
registered
investment
advisers who
have $250,000
invested in
the
Fund. • No minimum
investment
for a wrap
account client
of an
eligible broker-dealer
or a client
of a fee-based
planner that
is unaffiliated
with a
broker-dealer, or a
client of an
investment
adviser,
trustee,
administrator
or institution
acting in a
similar capacity
that invests
in the Fund
through a
retirement plan
where the
administrator or
service
provider of such
retirement
plan has
entered into
a services
agreement
with the Fund’s
distributor
and/or
investment
adviser. |
|
Minimum
Additional
Investment |
$50 for all
accounts |
$50 for all
accounts |
No subsequent
minimum |
No subsequent
minimum |
1290
Diversified Bond Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price) |
|
|
|
|
Maximum
contingent deferred sales charge (load) (as a percentage of original
purchase price or redemption
proceeds,
whichever is lower) |
|
|
|
|
Maximum
account fee (deducted from accounts with a balance of less than
$1,000) |
$ |
$ |
$ |
$ |
1290
Diversified Bond Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Management
Fee |
|
|
|
|
Distribution
and/or Service Fees (12b-1 fees) |
|
|
|
|
Other
Expenses |
|
|
|
|
Total Annual
Fund Operating Expenses |
|
|
|
|
Fee Waiver
and/or Expense Reimbursement2 |
( |
( |
( |
( |
Total Annual
Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement |
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class A
Shares |
$ |
$ |
$ |
$ |
Class T
Shares |
$ |
$ |
$ |
$ |
Class I
Shares |
$ |
$ |
$ |
$ |
Class R
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
One
Year |
Five
Years |
Since
Inception |
Inception
Date |
1290
Diversified Bond Fund - Class I
Return Before
Taxes |
|
|
|
|
1290
Diversified Bond Fund - Class I
Return After
Taxes on Distributions |
|
|
|
|
1290
Diversified Bond Fund - Class I
Return After
Taxes on Distributions and Sale of Fund Shares |
|
|
|
|
1290
Diversified Bond Fund - Class A
Return Before
Taxes |
- |
|
|
|
1290
Diversified Bond Fund - Class R
Return Before
Taxes |
|
|
|
|
Bloomberg
U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or
taxes) |
|
|
|
|
Name |
Title |
Date
Began
Managing
the
Fund |
Kenneth
T. Kozlowski, CFP®,
CLU, ChFC |
Executive
Vice President and Chief Investment
Officer
of the Adviser |
July
2015 |
Alwi
Chan, CFA® |
Senior
Vice President and Deputy Chief
Investment
Officer of the Adviser |
July
2015 |
Name |
Title |
Date
Began
Managing
the
Fund |
Anujeet
Sareen, CFA® |
Portfolio
Manager of Brandywine Global |
June
2018 |
Tracy
Chen, CFA®,
CAIA |
Portfolio
Manager of Brandywine Global |
June
2018 |
Brian
L. Kloss, JD, CPA |
Portfolio
Manager and Head of High Yield of
Brandywine
Global |
March
2020 |
|
Class
A |
Class
T |
Class
I |
Class
R |
Minimum
Initial Investment |
$1,000
for all accounts
except: • $500
for certain fee-based
programs. • $500,
if establishing an
Automatic
Bank Draft Plan. • $250
minimum for
purchases
by accounts
through
eligible financial
intermediary
platforms
that
have entered into
selling
or service
agreements
with the
Distributor
and that are
eligible
to purchase
Class
A shares without a
sales
charge. • No
minimum for certain
employer-sponsored
retirement
plans and
certain
wrap fee based
programs. |
$1,000
for all accounts
except: • $500
for certain fee-based
programs. • $500,
if establishing an
Automatic
Bank Draft Plan. • No
minimum for certain
employer-sponsored
retirement
plans and
certain
wrap fee based
programs. |
• $1,000,000
for certain
institutions
and individuals. • $1,000
for certain
employees
(or their
immediate
family
members)
of Equitable
Holdings,
Inc. or its
subsidiaries. • Class
I shares are available
to
clients of registered
investment
advisers who
have
$250,000 invested in
the
Fund. • No
minimum investment
for
a wrap account client
of
an eligible broker-dealer
or
a client of a fee-based
planner
that is unaffiliated
with
a broker-dealer, or a
client
of an investment
adviser,
trustee,
administrator
or institution
acting
in a similar capacity
that
invests in the Fund
through
a retirement plan
where
the administrator or
service
provider of such
retirement
plan has
entered
into a services
agreement
with the Fund’s
distributor
and/or
investment
adviser. |
No
minimum |
Minimum
Additional
Investment |
$50
for all accounts |
$50
for all accounts |
No
subsequent minimum |
No
subsequent minimum |
1290
Essex Small Cap Growth Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price) |
|
|
|
|
Maximum
contingent deferred sales charge (load) (as a percentage of original
purchase price or redemption
proceeds,
whichever is lower) |
|
|
|
|
Maximum
account fee (deducted from accounts with a balance of less than
$1,000) |
$ |
$ |
$ |
$ |
1290
Essex Small Cap Growth Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Management
Fee |
|
|
|
|
Distribution
and/or Service Fees (12b-1 fees) |
|
|
|
|
Other
Expenses1 |
|
|
|
|
Total Annual
Fund Operating Expenses |
|
|
|
|
Fee Waiver
and/or Expense Reimbursement3 |
( |
( |
( |
( |
Total Annual
Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement |
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class A
Shares |
$ |
$ |
$ |
$ |
Class T
Shares |
$ |
$ |
$ |
$ |
Class I
Shares |
$ |
$ |
$ |
$ |
Class R
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
One
Year |
Since
Inception |
Inception
Date |
1290 Essex
Small Cap Growth Fund - Class I
Return Before
Taxes |
|
|
|
1290 Essex
Small Cap Growth Fund - Class I
Return After
Taxes on Distributions |
|
|
|
1290 Essex
Small Cap Growth Fund - Class I
Return After
Taxes on Distributions and Sale of Fund Shares |
|
|
|
1290 Essex
Small Cap Growth Fund - Class A
Return Before
Taxes |
|
|
|
1290 Essex
Small Cap Growth Fund - Class R
Return Before
Taxes |
|
|
|
Russell
2000® Growth Index
(reflects no deduction for fees, expenses, or taxes) |
|
|
|
Name |
Title |
Date
Began
Managing
the
Fund |
Kenneth
T. Kozlowski, CFP®,
CLU, ChFC |
Executive
Vice President and Chief Investment
Officer
of the Adviser |
July
2022 |
Alwi
Chan, CFA® |
Senior
Vice President and Deputy Chief
Investment
Officer of the Adviser |
July
2022 |
Name |
Title |
Date
Began
Managing
the
Fund |
Nancy
Prial, CFA® |
Co-Chief
Executive Officer and Senior Portfolio
Manager
of Essex |
July
2022 |
|
Class
A |
Class
T |
Class
I |
Class
R |
Minimum
Initial Investment |
$1,000
for all accounts
except: • $500
for certain fee-based
programs. • $500,
if establishing an
Automatic
Bank Draft Plan. • $250
minimum for
purchases
by accounts
through
eligible financial
intermediary
platforms
that
have entered into
selling
or service
agreements
with the
Distributor
and that are
eligible
to purchase
Class
A shares without a
sales
charge. • No
minimum for certain
employer-sponsored
retirement
plans and
certain
wrap fee based
programs. |
$1,000
for all accounts
except: • $500
for certain fee-based
programs. • $500,
if establishing an
Automatic
Bank Draft Plan. • No
minimum for certain
employer-sponsored
retirement
plans and
certain
wrap fee based
programs. |
• $1,000,000
for certain
institutions
and individuals. • $1,000
for certain
employees
(or their
immediate
family
members)
of Equitable
Holdings,
Inc. or its
subsidiaries. • Class
I shares are available
to
clients of registered
investment
advisers who
have
$250,000 invested in
the
Fund. • No
minimum investment
for
a wrap account client
of
an eligible broker-dealer
or
a client of a fee-based
planner
that is unaffiliated
with
a broker-dealer, or a
client
of an investment
adviser,
trustee,
administrator
or institution
acting
in a similar capacity
that
invests in the Fund
through
a retirement plan
where
the administrator or
service
provider of such
retirement
plan has
entered
into a services
agreement
with the Fund’s
distributor
and/or
investment
adviser. |
No
minimum |
Minimum
Additional
Investment |
$50
for all accounts |
$50
for all accounts |
No
subsequent minimum |
No
subsequent minimum |
1290
GAMCO Small/Mid Cap Value Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price) |
|
|
|
|
Maximum
contingent deferred sales charge (load) (as a percentage of original
purchase price or redemption
proceeds,
whichever is lower) |
|
|
|
|
Maximum
account fee (deducted from accounts with a balance of less than
$1,000) |
$ |
$ |
$ |
$ |
1290
GAMCO Small/Mid Cap Value Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Management
Fee |
|
|
|
|
Distribution
and/or Service Fees (12b-1 fees) |
|
|
|
|
Other
Expenses |
|
|
|
|
Total Annual
Fund Operating Expenses |
|
|
|
|
Fee Waiver
and/or Expense Reimbursement1 |
( |
( |
( |
( |
Total Annual
Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement |
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class A
Shares |
$ |
$ |
$ |
$ |
Class T
Shares |
$ |
$ |
$ |
$ |
Class I
Shares |
$ |
$ |
$ |
$ |
Class R
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
One
Year |
Five
Years |
Since
Inception |
Inception
Date |
1290 GAMCO
Small/Mid Cap Value Fund - Class I
Return Before
Taxes |
|
|
|
|
1290 GAMCO
Small/Mid Cap Value Fund - Class I
Return After
Taxes on Distributions |
|
|
|
|
1290 GAMCO
Small/Mid Cap Value Fund - Class I
Return After
Taxes on Distributions and Sale of Fund Shares |
|
|
|
|
1290 GAMCO
Small/Mid Cap Value Fund - Class A
Return Before
Taxes |
|
|
|
|
1290 GAMCO
Small/Mid Cap Value Fund - Class R
Return Before
Taxes |
|
|
|
|
1290 GAMCO
Small/Mid Cap Value Fund - Class T
Return Before
Taxes |
|
|
|
|
Russell
2500® Value Index
(reflects no deduction for fees, expenses, or taxes) |
|
|
|
|
Name |
Title |
Date
Began
Managing
the
Fund |
Kenneth
T. Kozlowski, CFP®,
CLU, ChFC |
Executive
Vice President and Chief Investment
Officer
of the Adviser |
November
2014 |
Alwi
Chan, CFA® |
Senior
Vice President and Deputy Chief
Investment
Officer of the Adviser |
November
2014 |
Name |
Title |
Date
Began
Managing
the
Fund |
Mario
J. Gabelli |
Chief
Executive Officer and Chief Investment
Officer
of Value Portfolios of GAMCO |
November
2014 |
|
Class
A |
Class
T |
Class
I |
Class
R |
Minimum
Initial Investment |
$1,000
for all accounts
except: • $500
for certain fee-based
programs. • $500,
if establishing an
Automatic
Bank Draft Plan. • $250
minimum for
purchases
by accounts
through
eligible financial
intermediary
platforms
that
have entered into
selling
or service
agreements
with the
Distributor
and that are
eligible
to purchase
Class
A shares without a
sales
charge. • No
minimum for certain
employer-sponsored
retirement
plans and
certain
wrap fee based
programs. |
$1,000
for all accounts
except: • $500
for certain fee-based
programs. • $500,
if establishing an
Automatic
Bank Draft Plan. • No
minimum for certain
employer-sponsored
retirement
plans and
certain
wrap fee based
programs. |
• $1,000,000
for certain
institutions
and individuals. • $1,000
for certain
employees
(or their
immediate
family
members)
of Equitable
Holdings,
Inc. or its
subsidiaries. • Class
I shares are available
to
clients of registered
investment
advisers who
have
$250,000 invested in
the
Fund. • No
minimum investment
for
a wrap account client
of
an eligible broker-dealer
or
a client of a fee-based
planner
that is unaffiliated
with
a broker-dealer, or a
client
of an investment
adviser,
trustee,
administrator
or institution
acting
in a similar capacity
that
invests in the Fund
through
a retirement plan
where
the administrator or
service
provider of such
retirement
plan has
entered
into a services |
No
minimum
|
|
Class
A |
Class
T |
Class
I |
Class
R |
|
|
|
agreement
with the Fund’s
distributor
and/or
investment
adviser. |
|
Minimum
Additional
Investment |
$50
for all accounts |
$50
for all accounts |
No
subsequent minimum |
No
subsequent minimum |
1290
High Yield Bond Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price) |
|
|
|
|
Maximum
contingent deferred sales charge (load) (as a percentage of original
purchase price or redemption
proceeds,
whichever is lower) |
|
|
|
|
Maximum
account fee (deducted from accounts with a balance of less than
$1,000) |
$ |
$ |
$ |
$ |
1290
High Yield Bond Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Management
Fee |
|
|
|
|
Distribution
and/or Service Fees (12b-1 fees) |
|
|
|
|
Other
Expenses |
|
|
|
|
Total Annual
Fund Operating Expenses |
|
|
|
|
Fee Waiver
and/or Expense Reimbursement1 |
( |
( |
( |
( |
Total Annual
Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement |
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class A
Shares |
$ |
$ |
$ |
$ |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class T
Shares |
$ |
$ |
$ |
$ |
Class I
Shares |
$ |
$ |
$ |
$ |
Class R
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
One
Year |
Five
Years |
Since
Inception |
Inception
Date |
1290 High
Yield Bond Fund - Class I
Return Before
Taxes |
|
|
|
|
1290 High
Yield Bond Fund - Class I
Return After
Taxes on Distributions |
|
|
|
|
1290 High
Yield Bond Fund - Class I
Return After
Taxes on Distributions and Sale of Fund Shares |
|
|
|
|
1290 High
Yield Bond Fund - Class A
Return Before
Taxes |
|
|
|
|
1290 High
Yield Bond Fund - Class R
Return Before
Taxes |
|
|
|
|
1290 High
Yield Bond Fund - Class T
Return Before
Taxes |
|
|
|
|
ICE BofA U.S.
High Yield Index (reflects no deduction for fees, expenses, or
taxes) |
|
|
|
|
Name |
Title |
Date
Began
Managing
the
Fund |
Kenneth
T. Kozlowski, CFP®,
CLU, ChFC |
Executive
Vice President and Chief Investment
Officer
of the Adviser |
November
2014 |
Alwi
Chan, CFA® |
Senior
Vice President and Deputy Chief
Investment
Officer of the Adviser |
November
2014 |
Name |
Title |
Date
Began
Managing
the
Fund |
Michael
Graham, CFA® |
Head
of U.S. High Yield and Senior U.S. High
Yield
Portfolio Manager at AXA IM |
August
2021 |
Robert
Houle, CFA® |
Senior
U.S. High Yield Portfolio Manager at AXA
IM |
March
2018 |
|
Class
A |
Class
T |
Class
I |
Class
R |
Minimum
Initial Investment |
$1,000
for all accounts
except: • $500
for certain fee-based
programs. • $500,
if establishing an
Automatic
Bank Draft Plan. • $250
minimum for
purchases
by accounts
through
eligible financial
intermediary
platforms
that
have entered into
selling
or service
agreements
with the
Distributor
and that are
eligible
to purchase
Class
A shares without a
sales
charge. • No
minimum for certain
employer-sponsored
retirement
plans and
certain
wrap fee based
programs. |
$1,000
for all accounts
except: • $500
for certain fee-based
programs. • $500,
if establishing an
Automatic
Bank Draft Plan. • No
minimum for certain
employer-sponsored
retirement
plans and
certain
wrap fee based
programs. |
• $1,000,000
for certain
institutions
and individuals. • $1,000
for certain
employees
(or their
immediate
family
members)
of Equitable
Holdings,
Inc. or its
subsidiaries. • Class
I shares are available
to
clients of registered
investment
advisers who
have
$250,000 invested in
the
Fund. • No
minimum investment
for
a wrap account client
of
an eligible broker-dealer
or
a client of a fee-based
planner
that is unaffiliated
with
a broker-dealer, or a
client
of an investment
adviser,
trustee,
administrator
or institution
acting
in a similar capacity
that
invests in the Fund
through
a retirement plan
where
the administrator or
service
provider of such
retirement
plan has
entered
into a services
agreement
with the Fund’s
distributor
and/or
investment
adviser. |
No
minimum |
Minimum
Additional
Investment |
$50
for all accounts |
$50
for all accounts |
No
subsequent minimum |
No
subsequent minimum |
1290
Loomis Sayles Multi-Asset Income Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price) |
|
|
|
|
Maximum
contingent deferred sales charge (load) (as a percentage of original
purchase price or redemption
proceeds,
whichever is lower) |
|
|
|
|
Maximum
account fee (deducted from accounts with a balance of less than
$1,000) |
$ |
$ |
$ |
$ |
1290
Loomis Sayles Multi-Asset Income Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Management
Fee |
|
|
|
|
Distribution
and/or Service Fees (12b-1 fees) |
|
|
|
|
Other
Expenses |
|
|
|
|
Acquired Fund
Fees and Expenses |
|
|
|
|
Total Annual
Fund Operating Expenses |
|
|
|
|
Fee Waiver
and/or Expense Reimbursement2 |
( |
( |
( |
( |
Total Annual
Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement |
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class A
Shares |
$ |
$ |
$ |
$ |
Class T
Shares |
$ |
$ |
$ |
$ |
Class I
Shares |
$ |
$ |
$ |
$ |
Class R
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
One
Year |
Five
Years |
Since
Inception |
Inception
Date |
1290 Loomis
Sayles Multi-Asset Income Fund - Class I
Return Before
Taxes |
|
|
|
|
1290 Loomis
Sayles Multi-Asset Income Fund - Class I
Return After
Taxes on Distributions |
|
|
|
|
1290 Loomis
Sayles Multi-Asset Income Fund - Class I
Return After
Taxes on Distributions and Sale of Fund Shares |
|
|
|
|
1290 Loomis
Sayles Multi-Asset Income Fund - Class A
Return Before
Taxes |
|
|
|
|
1290 Loomis
Sayles Multi-Asset Income Fund - Class R
Return Before
Taxes |
|
|
|
|
1290
Multi-Asset Income Index1 (reflects no
deduction for fees, expenses, or taxes) |
|
|
|
|
Bloomberg
U.S. Aggregate Bond Index (reflects no deduction for fees, expenses, or
taxes) |
|
|
|
|
MSCI World
High Dividend Yield Index (reflects no deduction for fees, expenses or
taxes except
foreign
withholding taxes) |
|
|
|
|
Cboe S&P
500 BuyWrite IndexSM (reflects no
deduction for fees, expenses, or taxes) |
|
|
|
|
Bloomberg
U.S. Corporate High Yield Index (reflects no deduction for fees, expenses,
or taxes) |
|
|
|
|
Name |
Title |
Date
Began
Managing
the
Fund |
Kenneth
T. Kozlowski, CFP®,
CLU, ChFC |
Executive
Vice President and Chief Investment
Officer
of the Adviser |
March
2016 |
Alwi
Chan, CFA® |
Senior
Vice President and Deputy Chief
Investment
Officer of the Adviser |
March
2016 |
Name |
Title |
Date
Began
Managing
the
Fund |
Elaine Kan,
CFA |
Portfolio
Manager of Loomis Sayles |
August
2022 |
Kevin
Kearns |
Portfolio
Manager & Head of Alpha Strategies
of Loomis
Sayles |
August
2022 |
Vivek Garg,
CFA |
Portfolio
Manager of Loomis Sayles |
August
2022 |
|
Class
A |
Class
T |
Class
I |
Class
R |
Minimum
Initial Investment |
$1,000
for all accounts
except: • $500
for certain fee-based
programs. • $500,
if establishing an
Automatic
Bank Draft Plan. • $250
minimum for
purchases
by accounts
through
eligible financial
intermediary
platforms
that
have entered into
selling
or service
agreements
with the
Distributor
and that are
eligible
to purchase
Class
A shares without a
sales
charge. • No
minimum for certain
employer-sponsored
retirement
plans and
certain
wrap fee based
programs. |
$1,000
for all accounts
except: • $500
for certain fee-based
programs. • $500,
if establishing an
Automatic
Bank Draft Plan. • No
minimum for certain
employer-sponsored
retirement
plans and
certain
wrap fee based
programs. |
• $1,000,000
for certain
institutions
and individuals. • $1,000
for certain
employees
(or their
immediate
family
members)
of Equitable
Holdings,
Inc. or its
subsidiaries. • Class
I shares are available
to
clients of registered
investment
advisers who
have
$250,000 invested in
the
Fund. • No
minimum investment
for
a wrap account client
of
an eligible broker-dealer
or
a client of a fee-based
planner
that is unaffiliated
with
a broker-dealer, or a
client
of an investment
adviser,
trustee,
administrator
or institution
acting
in a similar capacity
that
invests in the Fund
through
a retirement plan
where
the administrator or
service
provider of such
retirement
plan has
entered
into a services
agreement
with the Fund’s
distributor
and/or
investment
adviser. |
No
minimum |
Minimum
Additional
Investment |
$50
for all accounts |
$50
for all accounts |
No
subsequent minimum |
No
subsequent minimum |
1290
Multi-Alternative Strategies Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price) |
|
|
|
|
Maximum
contingent deferred sales charge (load) (as a percentage of original
purchase price or redemption
proceeds,
whichever is lower) |
|
|
|
|
Maximum
account fee (deducted from accounts with a balance of less than
$1,000) |
$ |
$ |
$ |
$ |
1290
Multi-Alternative Strategies Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Management
Fee |
|
|
|
|
Distribution
and/or Service Fees (12b-1 fees) |
|
|
|
|
Other
Expenses |
|
|
|
|
Acquired Fund
Fees and Expenses |
|
|
|
|
Total Annual
Fund Operating Expenses |
|
|
|
|
Fee Waiver
and/or Expense Reimbursement2 |
( |
( |
( |
( |
Total Annual
Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement |
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class A
Shares |
$ |
$ |
$ |
$ |
Class T
Shares |
$ |
$ |
$ |
$ |
Class I
Shares |
$ |
$ |
$ |
$ |
Class R
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
One
Year |
Five
Years |
Since
Inception |
Inception
Date |
1290
Multi-Alternative Strategies Fund - Class I
Return Before
Taxes |
|
|
|
|
1290
Multi-Alternative Strategies Fund - Class I
Return After
Taxes on Distributions |
|
|
|
|
1290
Multi-Alternative Strategies Fund - Class I
Return After
Taxes on Distributions and Sale of Fund Shares |
|
|
|
|
1290
Multi-Alternative Strategies Fund - Class A
Return Before
Taxes |
- |
|
|
|
1290
Multi-Alternative Strategies Fund - Class R
Return Before
Taxes |
|
|
|
|
ICE BofA
3-Month U.S. Treasury Bill Index (reflects no deduction for fees,
expenses, or taxes) |
|
|
|
|
Name |
Title |
Date
Began
Managing
the
Fund |
Kenneth
T. Kozlowski, CFP®,
CLU, ChFC |
Executive
Vice President and Chief Investment
Officer
of the Adviser |
July
2015 |
Alwi
Chan, CFA® |
Senior
Vice President and Deputy Chief
Investment
Officer of the Adviser |
July
2015 |
Xavier
Poutas, CFA® |
Vice
President and Assistant Portfolio Manager
of
the Adviser |
July
2015 |
Miao
Hu, CFA® |
Vice
President and Assistant Portfolio Manager
of
the Adviser |
April
2016 |
Kevin
McCarthy |
Vice
President and Assistant Portfolio Manager
of
the Adviser |
March
2019 |
|
Class
A |
Class
T |
Class
I |
Class
R |
Minimum
Initial Investment |
$1,000
for all accounts
except: • $500
for certain fee-based
programs. • $500,
if establishing an
Automatic
Bank Draft Plan. • $250
minimum for
purchases
by accounts
through
eligible financial
intermediary
platforms
that
have entered into
selling
or service
agreements
with the
Distributor
and that are
eligible
to purchase |
$1,000
for all accounts
except: • $500
for certain fee-based
programs. • $500,
if establishing an
Automatic
Bank Draft Plan. • No
minimum for certain
employer-sponsored
retirement
plans and
certain
wrap fee based
programs. |
• $1,000,000
for certain
institutions
and individuals. • $1,000
for certain
employees
(or their
immediate
family
members)
of Equitable
Holdings,
Inc. or its
subsidiaries. • Class
I shares are available
to
clients of registered
investment
advisers who
have
$250,000 invested in
the
Fund. • No
minimum investment
for
a wrap account client |
No
minimum
|
|
Class
A |
Class
T |
Class
I |
Class
R |
|
Class
A shares without a
sales
charge. • No
minimum for certain
employer-sponsored
retirement
plans and
certain
wrap fee based
programs. |
|
of
an eligible broker-dealer
or
a client of a fee-based
planner
that is unaffiliated
with
a broker-dealer, or a
client
of an investment
adviser,
trustee,
administrator
or institution
acting
in a similar capacity
that
invests in the Fund
through
a retirement plan
where
the administrator or
service
provider of such
retirement
plan has
entered
into a services
agreement
with the Fund’s
distributor
and/or
investment
adviser. |
|
Minimum
Additional
Investment |
$50
for all accounts |
$50
for all accounts |
No
subsequent minimum |
No
subsequent minimum |
1290
SmartBeta Equity Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Maximum
sales charge (load) imposed on purchases (as a percentage of offering
price) |
|
|
|
|
Maximum
contingent deferred sales charge (load) (as a percentage of original
purchase price or redemption
proceeds,
whichever is lower) |
|
|
|
|
Maximum
account fee (deducted from accounts with a balance of less than
$1,000) |
$ |
$ |
$ |
$ |
1290
SmartBeta Equity Fund |
Class
A
Shares |
Class
T
Shares |
Class
I
Shares |
Class
R
Shares |
Management
Fee |
|
|
|
|
Distribution
and/or Service Fees (12b-1 fees) |
|
|
|
|
Other
Expenses |
|
|
|
|
Total Annual
Fund Operating Expenses |
|
|
|
|
Fee Waiver
and/or Expense Reimbursement1 |
( |
( |
( |
( |
Total Annual
Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement |
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class A
Shares |
$ |
$ |
$ |
$ |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class T
Shares |
$ |
$ |
$ |
$ |
Class I
Shares |
$ |
$ |
$ |
$ |
Class R
Shares |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
One
Year |
Five
Years |
Since
Inception |
Inception
Date |
1290
SmartBeta Equity Fund - Class I
Return Before
Taxes |
|
|
|
|
1290
SmartBeta Equity Fund - Class I
Return After
Taxes on Distributions |
|
|
|
|
1290
SmartBeta Equity Fund - Class I
Return After
Taxes on Distributions and Sale of Fund Shares |
|
|
|
|
1290
SmartBeta Equity Fund - Class A
Return Before
Taxes |
|
|
|
|
1290
SmartBeta Equity Fund - Class R
Return Before
Taxes |
|
|
|
|
1290
SmartBeta Equity Fund - Class T
Return Before
Taxes |
|
|
|
|
MSCI World
(Net) Index (reflects no deduction for fees, expenses, or taxes, except
foreign
withholding
taxes) |
|
|
|
|
Name |
Title |
Date
Began
Managing
the
Fund |
Kenneth
T. Kozlowski, CFP®,
CLU, ChFC |
Executive
Vice President and Chief Investment
Officer
of the Adviser |
November
2014 |
Alwi
Chan, CFA® |
Senior
Vice President and Deputy Chief
Investment
Officer of the Adviser |
November
2014 |
Name |
Title |
Date
Began
Managing
the
Fund |
Cameron
Gray |
Head of
Portfolio Implementation of Equity QI
at AXA
IM |
November
2014 |
Ram
Rasaratnam, CFA® |
Chief
Investment Officer of Equity QI at AXA IM |
March
2021 |
Jonathan
White |
Head of
Investment Strategy & Sustainability at
AXA
IM |
March
2023 |
|
Class
A |
Class
T |
Class
I |
Class
R |
Minimum
Initial Investment |
$1,000
for all accounts
except: • $500
for certain fee-based
programs. • $500,
if establishing an
Automatic
Bank Draft Plan. |
$1,000
for all accounts
except: • $500
for certain fee-based
programs. • $500,
if establishing an
Automatic
Bank Draft Plan. |
• $1,000,000
for certain
institutions
and individuals. • $1,000
for certain
employees
(or their
immediate
family
members)
of Equitable |
No
minimum
|
|
Class
A |
Class
T |
Class
I |
Class
R |
|
• $250
minimum for
purchases
by accounts
through
eligible financial
intermediary
platforms
that
have entered into
selling
or service
agreements
with the
Distributor
and that are
eligible
to purchase
Class
A shares without a
sales
charge. • No
minimum for certain
employer-sponsored
retirement
plans and
certain
wrap fee based
programs. |
• No
minimum for certain
employer-sponsored
retirement
plans and
certain
wrap fee based
programs. |
Holdings,
Inc. or its
subsidiaries. • Class
I shares are available
to
clients of registered
investment
advisers who
have
$250,000 invested in
the
Fund. • No
minimum investment
for
a wrap account client
of
an eligible broker-dealer
or
a client of a fee-based
planner
that is unaffiliated
with
a broker-dealer, or a
client
of an investment
adviser,
trustee,
administrator
or institution
acting
in a similar capacity
that
invests in the Fund
through
a retirement plan
where
the administrator or
service
provider of such
retirement
plan has
entered
into a services
agreement
with the Fund’s
distributor
and/or
investment
adviser. |
|
Minimum
Additional
Investment |
$50
for all accounts |
$50
for all accounts |
No
subsequent minimum |
No
subsequent minimum |
|
Annual
Rate
Received |
Rate
of Fees Waived and
Expenses
Reimbursed | |||
Fund |
All
Classes |
Class
A |
Class
T |
Class
I |
Class
R |
1290
Avantis® U.S. Large
Cap Growth Fund |
0.50% |
N/A |
N/A |
2.23% |
N/A |
1290
Diversified Bond Fund |
0.60% |
0.47% |
N/A |
0.47% |
0.47% |
1290 Essex
Small Cap Growth Fund |
0.75% |
1.25% |
N/A |
1.06% |
1.21% |
1290 GAMCO
Small/Mid Cap Value Fund |
0.75% |
0.33% |
0.33% |
0.33% |
0.33% |
1290 High
Yield Bond Fund |
0.60% |
0.50% |
0.51% |
0.51% |
0.51% |
1290 Loomis
Sayles Multi-Asset Income Fund |
0.65% |
0.53% |
N/A |
0.53% |
0.53% |
1290
Multi-Alternative Strategies Fund |
0.50% |
0.91% |
N/A |
0.93% |
0.92% |
1290
SmartBeta Equity Fund |
0.70% |
0.31% |
0.31% |
0.31% |
0.31% |
|
|
Total
Annual Operating Expenses Limited to
(% of
average daily net assets, excluding 12b-1
fees and
certain other expenses noted above) | |||
Funds |
Class
A |
Class
T |
Class
I |
Class
R |
1290
Avantis® U.S. Large
Cap Growth Fund* |
0.65% |
0.65% |
0.65% |
0.65% |
1290
Diversified Bond Fund |
0.50% |
0.50% |
0.50% |
0.50% |
1290 Essex
Small Cap Growth Fund |
0.88% |
0.88% |
0.88% |
0.88% |
1290 GAMCO
Small/Mid Cap Value Fund* |
0.95% |
0.95% |
0.95% |
0.95% |
1290 High
Yield Bond Fund |
0.75% |
0.75% |
0.75% |
0.75% |
1290 Loomis
Sayles Multi-Asset Income Fund |
0.80% |
0.80% |
0.80% |
0.80% |
1290
Multi-Alternative Strategies Fund |
0.85% |
0.85% |
0.85% |
0.85% |
1290
SmartBeta Equity Fund |
0.85% |
0.85% |
0.85% |
0.85% |
|
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
Commodities | |||
Invesco
DB Agriculture
Fund |
Seeks to
track changes,
whether
positive or
negative, in
the level of
the DBIQ
Diversified
Agriculture
Index Excess
ReturnTM over time,
plus the
excess, if any,
of the sum of
the Fund’s
Treasury
Income,
Money Market
Income
and T-Bill
ETF Income,
over the
expenses of
the
Fund. |
The Fund
trades exchange-traded
futures
contracts on the
commodities
comprising the DBIQ
Diversified
Agriculture Index Excess
ReturnTM, which is
intended to
reflect the
change in value of the
agricultural
sector. |
• Market
Risks • Futures
Risks • Index
Risks • Regulatory
Risks • Tax
Risks • General
Risks • Not a
Registered Investment
Company |
Invesco
DB Commodity
Index
Tracking Fund |
Seeks to
track changes,
whether
positive or
negative, in
the level of
the DBIQ
Optimum
Yield
Diversified
Commodity
Index
Excess
ReturnTM over
time, plus
the excess, if
any, of the
sum of the
Fund’s
Treasury Income,
Money Market
Income
and T-Bill
ETF Income,
over the
expenses of
the
Fund. |
The Fund
trades exchange-traded
futures
contracts on the
commodities
comprising the DBIQ
Optimum Yield
Diversified
Commodity
Index Excess ReturnTM,
which is a
rules-based index
composed of
futures contracts on
14 of the
most heavily traded and
important
physical commodities in
the
world. |
• Risks
Related to Investing in Oil
Markets • Market
Risks • Futures
Risks • Index
Risks • Regulatory
Risks • Tax
Risks • General
Risks • Not a
Registered Investment
Company |
Invesco
DB Energy Fund |
Seeks to
track changes,
whether
positive or
negative, in
the level of
the DBIQ
Optimum
Yield Energy
Index
Excess
ReturnTM over
time, plus
the excess, if
any, of the
sum of the
Fund’s
Treasury Income,
Money Market
Income
and T-Bill
ETF Income,
over the
expenses of
the
Fund. |
The Fund
trades exchange-traded
futures
contracts on the
commodities
comprising the DBIQ
Optimum Yield
Energy Index
Excess
ReturnTM, which is
intended
to reflect
the changes in market
value of the
energy sector. |
• Risks
Related to Investing in Oil
Markets • Market
Risks • Futures
Risks • Index
Risks • Regulatory
Risks • Tax
Risks • General
Risks • Not a
Registered Investment
Company |
Invesco
DB Precious
Metals
Fund |
Seeks to
track changes,
whether
positive or
negative, in
the level of
the DBIQ
Optimum
Yield
Precious Metals
Index Excess
Return™ |
The Fund
trades exchange-traded
futures
contracts on gold and
silver, the
commodities comprising
the DBIQ
Optimum Yield Precious
Metals Index
Excess ReturnTM,
which is
intended to reflect the |
• Market
Risks • Futures
Risks • Index
Risks • Regulatory
Risks • Tax
Risks • General
Risks |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
over
time, plus the
excess,
if any, of the
sum
of the Fund’s
Treasury
Income,
Money
Market Income
and
T-Bill ETF Income,
over
the expenses of
the
Fund. |
changes
in market value of the
precious
metals sector. |
• Not
a Registered Investment
Company |
iShares®
GSCI Commodity
Dynamic
Roll Strategy ETF |
Seeks
to track the
investment
results of an
index
composed of a
broad
range of
commodity
exposures
with
enhanced roll
selection,
on a total
return
basis. |
The
Fund seeks to track the
investment
results of the S&P GSCI
Dynamic
Roll (USD) Total Return
Index
(the “Underlying Index”),
which
measures the performance
of
futures contracts such as
aluminum,
Brent crude oil, cocoa,
coffee,
copper, corn, cotton, gas
oil,
feeder cattle, gold, heating oil,
lean
hogs, lead, live cattle, natural
gas,
nickel, silver, soybeans, sugar,
unleaded
gasoline, wheat, West
Texas
Intermediate crude oil and
zinc.
In seeking to achieve its
objective,
the Fund may invest in a
combination
of exchange-traded
commodity
futures contracts,
exchange-traded
options on
commodity-related
futures
contracts
and exchange-cleared
commodity-related
swaps
(together,
“Commodity-Linked
Investments”),
thereby obtaining
exposure
to the commodities
markets.
Commodity-Linked
Investments
may also include
exchange-cleared
swaps on
commodities
and exchange-traded
options
on futures that provide
exposure
to the investment returns
of
the commodities markets,
without
investing directly in
physical
commodities. The Fund’s
adviser
uses a representative
sampling
indexing strategy to
manage
the Fund. |
• Asset
Class Risk • Authorized
Participant
Concentration
Risk • Commodity-Linked
Derivatives Risk • Commodity
Regulatory Risk • Commodity
Risk • Concentration
Risk • Counterparty
Risk • Credit
Risk • Cybersecurity
Risk • Derivatives
Risk • Energy
Sector Risk • Futures
Contract Risk • Geographic
Risk • Illiquid
Investments Risk • Index-Related
Risk • Infectious
Illness Risk • Interest
Rate Risk • Issuer
Risk • Large
Shareholder and Large-Scale
Redemption
Risk • Management
Risk • Market
Risk • Market
Trading Risk • Metals
and Mining Industry Risk • National
Closed Market Trading Risk • Non-U.S.
Issuers Risk • North
America Economic Risk • Operational
Risk • Passive
Investment Risk • Reliance
on Trading Partners Risk • Risk
of Investing in Agriculture and
Livestock • Risk
of Investing in Developed
Countries • Risk
of Investing in the United States • Risk
of Swap Agreements • Subsidiary
Risk • Tax
Risk • Tracking
Error Risk • Valuation
Risk |
Invesco
Optimum Yield
Diversified
Commodity
Strategy
No K-1 ETF |
Seeks
long-term capital
appreciation. |
The
Fund is an actively managed
exchange-traded
fund that seeks
to
achieve its investment objective
by
investing in a combination of
financial
instruments that are
economically
linked to the world’s
most
heavily traded commodities.
Under
normal circumstances, the
Fund
invests, either directly or
through
a wholly-owned |
• Authorized
Participant
Concentration
Risk • Cash
Transaction Risk • Clearing
Broker Risk • Collateral
Securities Risk • Commodity
Pool Risk • Commodity-Linked
Derivatives Risk • Commodity-Linked
Notes Risk • Counterparty
Risk • Derivatives
Risk |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
|
subsidiary,
in a combination of
three
categories of investments: (i)
exchange-traded
futures contracts
on
underlying commodities
(“Commodities
Futures”); (ii) other
instruments
whose value is derived
from
or linked to price movements
of
underlying physical
commodities
represented by
exchange-traded
futures contracts
on
commodity indices,
commodity-linked
notes,
exchange-traded
options on
Commodities
Futures, swaps on
commodities
and
commodity-related
forward
contracts
(collectively, these are
“Commodity-Linked
Instruments”);
and
(iii) cash, cash-like instruments
or
high-quality securities
(collectively,
“Collateral”). |
• Forward
Contracts Risk • Futures
Contracts Risk • Gap
Risk • Interest
Rate Risk • Investments
in Investment
Companies
Risk • Issuer-Specific
Changes Risk • Leverage
Risk • Liquidity
Risk • Management
Risk • Market
Risk • Market
Trading Risk • Operational
Risk • Options
Risk • Sector
Concentration Risk • Shares
May Trade at Prices Different
than
NAV • Subsidiary
Investment Risk • Swap
Agreements Risk • Tax
Risk • Valuation
Risk |
Convertible
Securities | |||
SPDR®
Bloomberg
Convertible
Securities ETF |
Seeks
to provide
investment
results that,
before
fees and
expenses,
correspond
generally
to the price
and
yield performance
of
an index that tracks
United
States
convertible
securities
markets. |
Under
normal market conditions,
the
Fund generally invests
substantially
all, but at least 80%,
of
its total assets in the securities
comprising
the Bloomberg U.S.
Convertible
Liquid Bond Index
(“Index”)
and in securities that the
Fund’s
adviser determines have
economic
characteristics that are
substantially
identical to the
economic
characteristics of the
securities
that comprise the Index.
The
Index is designed to represent
the
market of U.S. convertible
securities,
such as convertible
bonds
and convertible preferred
stock.
The Fund employs a
sampling
strategy in seeking to
track
the performance of the
Index. |
• Below
Investment-Grade Securities
Risk • Convertible
Securities Risk • Debt
Securities Risk • Fluctuation
of Net Asset Value, Share
Premiums
and Discounts Risk • Income
Risk • Indexing
Strategy/Index Tracking
Risk • Liquidity
Risk • Market
Risk • Non-U.S.
Securities Risk • Preferred
Stock Risk • Restricted
Securities Risk • Technology
Sector Risk • Unconstrained
Sector Risk • Valuation
Risk |
iShares®
Convertible
Bond
ETF |
Seeks
to track the
investment
results of an
index
composed of U.S.
dollar-denominated
convertible
securities,
specifically
cash pay
bonds,
with outstanding
issue
sizes greater than
$250
million. |
The
Fund seeks to track the
investment
results of the
Bloomberg
U.S. Convertible Cash
Pay
Bond ˃$250MM Index (the
“Index”).
The Index is a subset of
the
Bloomberg U.S. Convertibles:
Cash
Pay Bonds Index, which is
one
of the four classes of the
Bloomberg
U.S. Convertibles Index
(i.e.,
cash pay, zero coupon,
preferred
and mandatory
convertible
bonds) and measures
the
performance of the U.S.
dollar-denominated
convertibles
market.
The Index is market
capitalization-weighted
and |
• Agency
Debt Risk • Asset
Class Risk • Authorized
Participant
Concentration
Risk • Calculation
Methodology Risk • Call
Risk • Concentration
Risk • Consumer
Cyclical Industry Risk • Consumer
Staples Sector Risk • Convertible
Securities Risk • Credit
Risk • Cybersecurity
Risk • High
Yield Securities Risk • Illiquid
Investment Risk • Income
Risk • Index-Related
Risk |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
|
consists
of only cash pay
convertible
bonds. The Fund will
invest
at least 80% of its assets in
the
component securities of the
Index,
and the Fund will invest no
more
than 10% of its assets in
futures,
options and swaps
contracts
that the Fund’s adviser
believes
will help the Fund track
the
Index as well as in fixed income
securities
other than the types
included
in the Index, but which
the
Fund’s adviser believes will help
the
Fund track the Index. The
Fund’s
adviser uses a
representative
sampling indexing
strategy
to manage the Fund. |
• Infectious
Illness Risk • Interest
Rate Risk • Issuer
Risk • Management
Risk • Market
Risk • Market
Trading Risk • Operational
Risk • Passive
Investment Risk • Privately-Issued
Securities Risk • Risk
of Investing in the United States • Securities
Lending Risk • Technology
Sector Risk • Tracking
Error Risk |
Event
Driven | |||
IQ
Merger Arbitrage ETF |
Seeks
investment results
that
correspond (before
fees
and expenses)
generally
to the price
and
yield performance
of
the IQ Merger
Arbitrage
Index. |
The
Fund employs a “passive
management”
— or indexing —
investment
approach designed to
track
the performance of the IQ
Merger
Arbitrage Index (the
“Index”).
The Index seeks to
employ
a systematic investment
process
designed to identify
opportunities
in companies whose
equity
securities trade in
developed
markets, including the
U.S.,
and which are involved in
announced
mergers, acquisitions
and
other buyout-related
transactions.
In addition, the Index
includes
short exposure to the U.S.
and
non-U.S. equity markets. The
Fund
invests, under normal
circumstances,
at least 80% of its
net
assets, plus the amount of any
borrowings
for investment
purposes,
in the investments
included
in the Index. |
• Authorized
Participant
Concentration
Risk • Counterparty
Risk • Currency
Risk • Cyber
Security Risk • Debt
Securities Risk • Derivatives
Risk • Equity
Securities Risk • Focused
Investment Risk • Foreign
Securities Risk • Foreign
Securities Valuation Risk • Index
Risk • Interest
Rate Risk • Issuer
Risk • Liquidity
Risk • Market
Risk • Merger
Arbitrage Risk • Money
Market/Short-Term Securities
Risk • Non-Diversified
Risk • Operational
Risk • Passive
Management Risk • Portfolio
Turnover Risk • Secondary
Market Trading Risk • Short
Sales Risk • Small-
and/or Mid-Capitalization
Companies
Risk • Swap
Agreements Risk • Trading
Price Risk • Valuation
Risk |
ProShares
Merger ETF |
Seeks
investment
results,
before fees and
expenses,
that track the
performance
of the S&P
Merger
Arbitrage Index. |
The
Fund is designed to track the
performance
of the S&P Merger
Arbitrage
Index (the “Index”) and
provide
exposure to a global
merger
arbitrage strategy. The
Index,
and by extension the Fund,
seeks
to produce consistent,
positive
returns in virtually all
market
environments. A global
merger
arbitrage strategy seeks to |
• Risks
Associated with the Use of
Derivatives • Correlation
Risk • Counterparty
Risk • Early
Close/Late Close/Trading Halt
Risk • Equity
and Market Risk • Foreign
Investments Risk • Index
Performance Risk • Industry
Concentration Risk |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
|
capture
the spread between the
price
at which the stock of a
company
(each such company, a
“Target”)
trades after a proposed
acquisition
of such Target is
announced
and the value (cash
plus
stock) that the acquiring
company
(the “Acquirer”) has
proposed
to pay for the stock of
the
Target (a “Spread”). To obtain
exposure
to the Index, the Fund
takes
long positions in shares of
the
Target. The Fund also takes
short
positions in shares of the
Acquirer
when the deal involves an
exchange
of the Acquirer’s stock.
Under
normal circumstances, the
Fund
will invest at least 80% of its
total
assets in component
securities
of the Index. |
• Long/Short
Risk • Market
Price Variance Risk • Money
Market Instruments Risk • Non-Diversification
Risk • Risks
Related to Foreign Currencies
and
the Fund’s Currency Hedging
Strategy • Risks
Related to the Merger
Arbitrage
Strategy
|
Global
Real Estate | |||
iShares®
Core U.S. REIT
ETF |
Seeks
to track the
investment
results of an
index
composed of U.S.
real
estate equities. |
The
Fund seeks to track the
investment
results of the FTSE
NAREIT
Equity REITs Index (the
“Index”),
which measures the
performance
of U.S. listed equity
real
estate investment trusts
(“REITs”),
excluding infrastructure
REITs,
mortgage REITs, and timber
REITs.
The Fund generally will
invest
at least 80% of its assets in
the
component securities of the
Index
and may invest up to 20% of
its
assets in certain futures, options
and
swap contracts, cash and cash
equivalents,
as well as in securities
not
included in the Index, but
which
the Fund’s adviser believes
will
help the Fund track the Index.
The
Fund’s adviser uses a
representative
sampling indexing
strategy
to manage the Fund. |
• Asset
Class Risk • Authorized
Participant
Concentration
Risk • Concentration
Risk • Cybersecurity
Risk • Dividend-Paying
Stock Risk • Equity
Securities Risk • Index-Related
Risk • Indexing
Investment Risk • Infectious
Illness Risk • Issuer
Risk • Management
Risk • Market
Risk • Market
Trading Risk • Operational
Risk • Real
Estate Investment Risk • Residential
and Residential-Related
REIT
Sub-Industry Risk • Retail
Real Estate Sub-Industry Risk • Risk
of Investing in the United States • Securities
Lending Risk • Tracking
Error Risk |
Vanguard
Global ex-U.S.
Real
Estate ETF |
Seeks
to track the
performance
of a
benchmark
index that
measures
the
investment
return of
international
real estate
stocks. |
The
Fund employs an indexing
investment
approach designed to
track
the performance of the S&P
Global
ex-U.S. Property Index (the
“Index”),
a float-adjusted,
market-capitalization
weighted
index
that measures the equity
market
performance of
international
real estate stocks in
both
developed and emerging
markets.
The Index is composed of
stocks
of publicly traded equity real
estate
investment trusts (known as
REITs)
and certain real estate
management
and development |
• Industry
Concentration Risk • Investment
Style Risk • Index
Replicating Risk • Stock
Market Risk • Country/Regional
Risk • Emerging
Markets Risk • Currency
Risk • Derivatives
Risk • Risk
that the market price of the
Fund's
ETF shares and the net asset
value
of those shares will differ
significantly • Risk
that an active trading market for
the
Fund's ETF shares may not be
maintained |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
|
companies
(REMDs). The Fund
attempts
to replicate the Index by
investing
all, or substantially all, of
its
assets in the stocks that make
up
the Index, holding each stock in
approximately
the same
proportion
as its weighting in the
Index. |
• Risk
that trading in the Fund's ETF
shares
may be halted |
Long/Short
Equity | |||
ProShares
Long
Online/Short
Stores ETF |
Seeks
investment
results,
before fees and
expenses,
that track the
performance
of the
ProShares
Long
Online/Short
Stores
Index. |
The
Fund invests in financial
instruments
that its adviser
believes,
in combination, should
track
the performance of the
ProShares
Long Online/Short
Stores
Index (the “Index”). The
Index
consists of long positions in
the
online retailers included in the
ProShares
Online Retail Index (the
“Online
Index”) and short positions
in
the “bricks and mortar” retailers
included
in the Solactive-ProShares
Bricks
and Mortar Retail Store
Index
(the “Retail Store Index”). The
Fund
and Index are designed to
help
investors take advantage of
both
sides of the retail industry’s
transformation
by combining full
(100%)
long exposure to online
retailers
with a partial (50%) short
position
to retailers that depend
on
physical stores. Under normal
circumstances,
the Fund will invest
at
least 80% of its total assets in
the
component securities of the
Online
Index. The Fund intends to
obtain
short exposure to the
positions
in the Retail Store Index
by
investing in derivatives. |
• Risks
Associated with the Use of
Derivatives • Correlation
Risk • Counterparty
Risk • Long/Short
Risk • Internet
Companies Risk • Online
Retail Companies Risk • Retailing
Industry Risk • Equity
and Market Risk • Foreign
Investment Risk/Emerging
Markets
Risk • Money
Market Instruments Risk • Industry
Concentration Risk • Geographic
Concentration Risk • Non-Diversification
Risk • Market
Price Variance Risk • Self-Indexing
Performance Risk • Early
Close/Late Close/Trading Halt
Risk |
JPMorgan
Equity
Premium
Income ETF |
Seeks
current income
while
maintaining
prospects
for capital
appreciation. |
The
Fund seeks to achieve its
objective
by (1) creating an actively
managed
portfolio of equity
securities
comprised significantly of
those
included in the Fund’s
primary
benchmark, the Standard
&
Poor’s 500 Total Return Index
(S&P
500 Index) and (2) through
equity-linked
notes (“ELNs”), selling
call
options with exposure to the
S&P
500 Index. Under normal
circumstances,
the Fund invests at
least
80% of its net assets plus the
amount
of borrowings for
investment
purposes in equity
securities.
In order to generate
income,
the Fund may invest up to
20%
of its net assets in ELNs. |
• Equity
Market Risk • General
Market Risk • Strategy
Risk • Equity-Linked
Notes Risk • Covered
Call Strategy Risk • Large
Cap Company Risk • Smaller
Company Risk • Industry
and Sector Focus Risk • High
Portfolio Turnover Risk • ETF
Shares Trading Risk • Authorized
Participant
Concentration
Risk
|
JPMorgan
Nasdaq Equity
Premium
Income ETF |
Seeks
current income
while
maintaining |
The
Fund seeks to achieve its
objective
by (1) creating an actively |
• Equity
Market Risk • General
Market Risk |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
prospects
for capital
appreciation. |
managed
portfolio of equity
securities
comprised significantly of
those
included in the Fund’s
primary
benchmark, the
Nasdaq-100
Index (the
“Benchmark”)
and (2) through
equity-linked
notes (“ELNs”), selling
call
options with exposure to the
Benchmark.
Under normal
circumstances,
the Fund invests at
least
80% of its net assets plus the
amount
of borrowings for
investment
purposes in equity
securities.
In order to generate
income,
the Fund may invest up to
20%
of its net assets in ELNs. |
• Strategy
Risk • Equity-Linked
Notes Risk • Covered
Call Strategy Risk • Large
Cap Company Risk • Smaller
Company Risk • Industry
Concentration Risk • Industry
and Sector Focus Risk • Technology
Exposure Risk • Non-Diversified
Fund Risk • High
Portfolio Turnover Risk • ETF
Shares Trading Risk • Authorized
Participant
Concentration
Risk |
Managed
Futures | |||
WisdomTree®
Managed
Futures
Strategy Fund |
Seeks
to provide
investors
with positive
total
returns in rising or
falling
markets. |
The
Fund is managed using a
quantitative,
rules-based strategy
designed
to capture rising and
falling
price trends in the
commodity,
currency, equity, and
U.S.
Treasury futures markets
through
long and short positions
on
U.S. listed futures contracts. The
Fund
will invest, under normal
circumstances,
at least 80% of its
net
assets, plus the amount of any
borrowings
for investment
purposes,
in “managed futures.”
For
these purposes, “managed
futures”
are investments in
equity-linked,
commodity-linked,
currency-linked
and
financial-linked
instruments, as well
as
U.S. government securities and
money
market instruments, that
taken
together have economic
characteristics
similar or equivalent
to
those of the listed equity,
commodity,
currency and financial
futures
contracts described in the
Fund’s
prospectus. |
• Futures
Contracts Risk • Commodity
Risk • Investment
Risk • Market
Risk • Shares
of the Fund May Trade at
Prices
Other Than NAV • Active
Management Risk • Cash
Redemption Risk • Counterparty
and Issuer Credit Risk • Currency
Exchange Rate Risk • Cybersecurity
Risk • Derivatives
Risk • Foreign
Securities Risk • Interest
Rate Risk • Issuer-Specific
Risk • Liquidity
Risk • Models
and Data Risk • Non-Diversification
Risk • Repurchase
Agreement Risk • Short
Sales Risk • Subsidiary
Investment Risk • Tax
Risk • Volatility
Risk |
iMGP
DBi Managed
Futures
Strategy ETF |
Seeks
long-term capital
appreciation. |
The
Fund is a non-diversified,
actively-managed
exchange-traded
fund that seeks
to
achieve its objective by: (i)
investing
its assets pursuant to a
managed
futures strategy; (ii)
allocating
up to 20% of its total
assets
in its wholly-owned
subsidiary;
and (iii) investing
directly
in select debt instruments
for
cash management and other
purposes.
The Fund’s managed
futures
strategy employs long and
short
positions in derivatives,
primarily
futures contracts and |
• Managed
Futures Strategy Risk • Futures
Contracts Risk • Market
Risk • Geopolitical
Events Risk • Derivatives
Risk • Commodities
Risk • Equity
Securities Risk • Currency
Risk • Credit
Risk • ETF
Risks • Leverage
Risk • Debt
Securities and Fixed-Income
Risk • Interest
Rate Risk • Management
Risk |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
|
forward
contracts, across the
broad
asset classes of equities,
fixed
income, currencies and,
through
its subsidiary,
commodities. |
• Models
and Data Risk • Non-Diversified
Fund Risk • Government
Securities and Agency
Risk • Liquidity
Risk • Short
Position Risk • Subsidiary
Risk • Forward
Contracts Risk • Tax
Risk • Inflation
Risk • Operational
Risk • Regulatory
Risk |
Real
Return | |||
iShares®
TIPS Bond ETF |
Seeks
to track the
investment
results of an
index
composed of
inflation-protected
U.S.
Treasury
bonds. |
The
Fund seeks to track the
investment
results of the ICE U.S.
Treasury
Inflation Linked Bond
Index
(“Index”), which tracks the
performance
of inflation-protected
public
obligations of the U.S.
Treasury,
commonly known as
“TIPS”,
that have a remaining
maturity
of more than one year.
TIPS
are securities issued by the
U.S.
Treasury that are designed to
provide
inflation protection to
investors.
The Fund will invest at
least
80% of its assets in the
component
securities of the Index,
and
at least 90% of its assets in
U.S.
Treasury securities that the
Fund’s
adviser believes will help the
Fund
track the Index. The Fund will
invest
no more than 10% of its
assets
in futures, options and swap
contracts
that the Fund’s adviser
believes
will help the Fund track
the
Index. The Fund’s adviser uses
a
representative sampling indexing
strategy
to manage the Fund. |
• Asset
Class Risk • Authorized
Participant
Concentration
Risk • Concentration
Risk • Cybersecurity
Risk • Income
Risk • Index-Related
Risk • Infectious
Illness Risk • Interest
Rate Risk • Management
Risk • Market
Risk • Market
Trading Risk • Operational
Risk • Passive
Investment Risk • Risk
of Investing in the United States • Securities
Lending Risk • Tracking
Error Risk • U.S.
Treasury Obligations Risk |
Vanguard
Short-Term
Inflation-Protected
Securities
ETF |
The
Fund seeks to track
the
performance of a
benchmark
index that
measures
the
investment
return of
inflation-protected
public
obligations of the
U.S.
Treasury with
remaining
maturities of
less
than 5 years. |
The
Fund employs an indexing
investment
approach designed to
track
the performance of the
Bloomberg
U.S. Treasury
Inflation-Protected
Securities (TIPS)
0-5
Year Index (the “Index”). The
Index
is a
market-capitalization-weighted
index
that includes all
inflation-protected
public
obligations
issued by the U.S.
Treasury
with remaining maturities
of
less than 5 years. The Fund
attempts
to replicate the target
index
by investing all, or
substantially
all, of its assets in the
securities
that make up the Index,
holding
each security in
approximately
the same |
• Income
Fluctuations Risk • Real
Interest Rate Risk • Risk
that the market price of the
Fund's
ETF shares and the net asset
value
of those shares will differ
significantly • Risk
that an active trading market for
the
Fund's ETF shares may not be
maintained • Risk
that trading in the Fund's ETF
shares
may be halted |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
|
proportion
as its weighting in the
Index. |
|
|
Class
A |
Class
T |
Class
I |
Class
R |
Availability |
Generally
available
through
financial
intermediaries. |
Generally
available
through
financial
intermediaries. |
Limited
to certain
investors,
including: • Certain
Institutional
investors. • Certain
employer-sponsored
retirement
plans. • Participants
in
certain
programs
sponsored
by the
Adviser
or its
affiliates
or other
financial
intermediaries. • Life
insurance
company
separate
accounts
using the
investment
to
fund
benefits for
variable
annuity
contracts
for
which
the Funds
are
an investment
option. • Certain
employees
of
the Adviser or
its
affiliates. |
Available
only to
certain
employer-sponsored
retirement
plans. Corporate
retirement
accounts
such
as 401(K) and
403(b)
plans.
|
|
Class
A |
Class
T |
Class
I |
Class
R |
Minimum
Investment |
$1,000
for all
accounts
except: • $500
for certain
fee-based
programs. • $500,
if
establishing
an
Automatic
Bank
Draft
Plan. • $250
minimum for
purchases
by
accounts
through
eligible
financial
intermediary
platforms
that
have
entered into
selling
or service
agreements
with
the
Distributor
and
that are
eligible
to
purchase
Class A
shares
without a
sales
charge. • No
minimums for
certain
employer-sponsored
retirement
plans
and
certain wrap
fee
based
programs. |
$1,000
for all
accounts
except: • $500
for certain
fee-based
programs. • $500,
if
establishing
an
Automatic
Bank
Draft
Plan. • No
minimums for
certain
employer-sponsored
retirement
plans
and
certain wrap
fee
based
programs. |
• $1,000,000
for
certain
institutions
and
individuals. • $1,000
for certain
employees
(or
their
immediate
family
members)
of
Equitable
Holdings,
Inc. or
its
subsidiaries. • Class
I Shares are
available
to clients
of
registered
investment
advisers
who have
$250,000
invested
in
the Fund. • No
minimum
investment
for a
wrap
account
client
of an eligible
broker-dealer
or a
client
of a
fee-based
planner
that
is unaffiliated
with
a
broker-dealer,
or a
client
of an
investment
adviser,
trustee,
administrator
or
institution
acting
in
a similar
capacity
that
invests
in a Fund
through
a
retirement
plan
where
the
administrator
or
service
provider of
such
retirement
plan
has entered
into
a services
agreement
with
the
Fund’s
distributor
and/or
investment
adviser. |
No
minimum. |
Initial
Sales
Charge? |
Yes.
Payable at the
time
of purchase.
Lower
sales charges
are
available for
larger
investments. |
Yes.
Payable at the
time
of purchase. |
No.
Entire purchase
price
is invested in
shares
of the Fund. |
No.
Entire purchase
price
is invested in
shares
of the Fund.
|
|
Class
A |
Class
T |
Class
I |
Class
R |
Contingent
Deferred
Sales
Charge
(“CDSC”)? |
Yes. (On
shares
purchased
without
an initial
sales
charge and
redeemed
within 12
months of
purchase.) |
No. |
No. |
No. |
Distribution
and
Service
(12b-1)
Fees? |
Yes. 0.25%
distribution
and
service
fee. |
Yes. 0.25%
distribution
and
service
fee. |
No. |
Yes. 0.50%
distribution
and
service
fee. |
Advantage |
Makes sense
for
investors who
are
eligible to
have the
sales charge
reduced or
eliminated or
who
have a
long-term
investment
horizon
because there
are
lower ongoing
distribution
and
service
(12b-1) fees. |
Makes sense
for
investors who
are
making an
investment of
$250,000 or
less
because of
the
lower
up-front sales
charge or who
have
a long-term
investment
horizon
because there
are
lower ongoing
distribution
and
service
(12b-1) fees. |
No up-front
sales
charge so you
start
off owning
more
shares. No
distribution
or
service
fees. |
No up-front
sales
charge so you
start
off owning
more
shares. |
Disadvantage |
You pay a
sales
charge
up-front,
and therefore
you
start off
owning
fewer
shares. |
You pay a
sales
charge
up-front,
and therefore
you
start off
owning
fewer
shares. |
Limited
availability. |
You pay
ongoing
distribution
and
service
(12b-1) fees
each year you
own
Class R
Shares,
which means
that
over the long
term
you can
expect
higher total
fees per
share than
Class A
Shares and,
as a
result, lower
total
performance. |
Class
A Sales Charge for 1290 Avantis®
U.S. Large Cap Growth Fund, 1290 Essex Small Cap Growth Fund, 1290
GAMCO
Small/Mid Cap Value Fund, 1290 SmartBeta Equity Fund, and 1290
Multi-Alternative Strategies Fund | |||
Your
Investment* |
As
a % of
Offering
Price |
As
a % of
Your
Investment |
Dealer
Discount or
Agency
Fee as a %
of
Offering Price** |
$0
to $49,999 |
5.50% |
5.82% |
5.00% |
$50,000
to $99,999 |
4.75% |
4.99% |
4.25% |
$100,000
to $249,999 |
3.75% |
3.90% |
3.25% |
$250,000
to $499,999 |
2.75% |
2.83% |
2.50% |
$500,000
to $999,999 |
2.00% |
2.04% |
1.75% |
$1,000,000
and up |
None |
None |
1.00% of the
first $2.99
million;
0.75% of
amounts from
$3-4.99
million;
0.50% of
amounts in excess
of $5
million |
Class
A Sales Charge for 1290 High Yield Bond Fund, 1290 Diversified Bond Fund
and 1290 Loomis Sayles
Multi-Asset
Income Fund | |||
Your
Investment* |
As
a % of
Offering
Price |
As
a % of
Your
Investment |
Dealer
Discount or
Agency
Fee as a %
of
Offering Price** |
$0
to $99,999 |
4.50% |
4.71% |
4.00% |
$100,000
to $249,999 |
3.50% |
3.63% |
3.00% |
$250,000
to $499,999 |
2.50% |
2.56% |
2.25% |
$500,000
to $999,999 |
1.75% |
1.78% |
1.50% |
$1,000,000
and up |
None |
None |
1.00%
of the first $2.99
million;
0.75%
of amounts from
$3-4.99
million;
0.50%
of amounts in excess
of
$5 million |
Class
T Sales Charge for each Fund | |||
Your
Investment |
As
a % of
Offering
Price |
As
a % of
Your
Investment |
Dealer
Discount or
Agency
Fee as a %
of
Offering Price |
$0-$249,999 |
2.50% |
2.56% |
2.50% |
$250,000-$499,999 |
2.00% |
2.04% |
2.00% |
$500,000-$999,999 |
1.50% |
1.52% |
1.50% |
$1,000,000
and up |
1.00% |
1.01% |
1.00% |
Type
of Account |
Minimum
to
Open
an
Account* |
Minimum
for
Subsequent
Investments* |
Individual
Retail Accounts |
$1,000 |
$50 |
Individual
Retirement Accounts (IRAs) |
$500 |
$50 |
Automatic
Bank Draft Plan** |
$500 |
$50 |
Accounts
through eligible financial intermediary platforms that have entered into
selling or service agreements with
the
Distributor and that are eligible to purchase Class A shares without a
sales charge. |
$250 |
$50 |
Accounts
established in a wrap program with which 1290 Funds, the Adviser or the
distributor has an agreement. |
$500*** |
$50*** |
Corporate
retirement accounts, such as 401(k) and 403(b) plans |
No minimum
requirement. |
No minimum
requirement. |
Opening
an Account |
Adding
to an Account |
Through
Your Broker or other Financial Professional | |
Call
your broker or other financial professional. Your broker
or
other financial professional can assist you in all the steps
necessary
to buy shares. |
Call
your broker or other financial professional. |
By
Telephone | |
Call
1-888-310-0416 and speak with one of our
representatives.
1290 Funds has the right to reject any
telephone
request for any reason. | |
By
Mail | |
Payment
for shares must be made with a check in U.S.
dollars
drawn from a U.S. financial institution, payable to
“1290
Funds.” Cash, third party checks, “starter” checks,
traveler’s
checks, credit cards, credit card checks or money
orders
will not be accepted. | |
Fill
out detachable investment slip from an account
statement.
If no slip is available, include with the check a
letter
specifying the fund name, your class of shares, your
account
number and the registered account name(s). Mail
the check with your completed investment slip or letter
to: By
Regular mail:
1290
Funds
PO
Box 219166
Kansas
City, MO 64121-9166 By
Overnight Mail:
1290
Funds
c/o
SS&C GIDS, Inc.
430
W. 7th Street, Suite 219166
Kansas
City, MO 64105-1407 | |
Automatic
Investing Through Automatic Clearing House
(“ACH”) | |
Please
call 1-888-310-0416 and request a Shareholder
Maintenance
Form or download from the 1290 Funds
website.
Use the form to add ACH instructions to your
account.
A medallion guarantee may be required to add this
privilege. Your
bank account may be debited monthly for automatic
investment
into one or more of the funds for each class. Not
available
for Class I shares. |
Through
Your Broker or other Financial Professional |
• Call
your broker or other financial professional. Your broker or other
financial professional can assist you in all the steps
necessary
to sell shares. Your broker or financial professional may charge you for
its services. |
By
Mail |
• Write
a letter to request a redemption specifying the name of the fund, the
class of shares, your account number, the
exact
registered account name(s), the number of shares or the dollar amount to
be redeemed and the method by which
you
wish to receive your proceeds. Additional materials may be required (see
section entitled “Selling Shares in Writing”
and,
in particular, the information regarding medallion
guarantees). • The
request must be signed by all of the owners of the shares including the
capacity in which they are signing, if
appropriate.
Mail your request to:
1290
Funds
PO
Box 219166
Kansas
City, MO 64121-9166 • Your
proceeds (less any applicable CDSC) will be delivered by the method you
choose. If you choose to have your
proceeds
delivered by mail, they will generally be mailed to you on the business
day after the request is received. You
may
also choose to redeem by wire or via the ACH system to your bank (see
below). Your bank may charge you a fee. • The
minimum amount that may be redeemed by check is
$500. |
By
Wire |
• Fill
out the “Telephone Exchange Privilege and/or Telephone Redemption
Privilege” and “Bank Account of Record”
sections
on your account application. • Call
1-888-310-0416, visit www.1290Funds.com or indicate in your redemption
request letter that you wish to have your
proceeds
wired to your bank. • If
you submit a written request, your proceeds may be wired to the bank
currently on file. If written instructions are to
send
the wire to any other bank, or redemption proceeds are greater than
$50,000, a medallion guarantee is required.
On
a telephone request, your proceeds may be wired only to a bank previously
designated by you in writing. To change
the
name of the single designated bank account to receive wire redemption
proceeds, you must send a written request
with
signature(s) guaranteed to 1290 Funds. • Proceeds
(less any applicable CDSC) will generally be wired on the next business
day. A wire fee (currently $15) will be
deducted
from the proceeds. Your bank may charge you a fee. • The
minimum amount that may be redeemed by wire is
$1,000. |
By
Systematic Withdrawal Plan |
• Please
refer to the section entitled “Additional Investor Services” or call
1-888-310-0416 or your financial professional for
more
information. • Because
withdrawal payments may have tax consequences, you should consult your tax
adviser before establishing such a
plan.
|
By
Telephone |
• If
you have authorized this service, you may redeem your shares by telephone
by calling 1-888-310-0416. • If
you make a telephone redemption request, you must furnish the name and
address of record of the registered owner,
the
account number and taxpayer identification number (“TIN”), the amount to
be redeemed, and the name of the per-
son
making the request. • Checks
for telephone redemptions will be issued only to the registered
shareowner(s) and mailed to the last address of
record
or exchanged into another Fund of 1290 Funds. All telephone redemption
instructions are recorded and are
limited
to requests of $50,000 or less. If you have previously linked your bank
account to your Fund account, you can
have
the proceeds sent via the ACH system to your bank. • Proceeds
(less any applicable CDSC) will generally be sent on the next business
day. Your bank may charge you a fee. • The
minimum amount that may be redeemed by check is
$500. |
Participate
in the Bank Purchase and Redemption Plan |
• You
may initiate an ACH Purchase or Redemption directly to a bank account when
you have established proper
instructions,
including all applicable bank information, on the account. Your bank may
charge you a fee. |
Seller
(Account Type) |
Requirements
for Written Requests |
Individual,
joint, sole proprietorship, Uniform Transfers to
Minors
Act / Uniform Gifts to Minors Act |
• The
signatures on the letter must include all persons
authorized
to sign, including title, if applicable. • Medallion
Guarantee, if applicable (see above). |
Corporate
or association accounts |
• The
signatures on the letter must include all trustees
authorized
to sign, including title. |
Owners
or trustees of trust accounts |
• The
signatures on the letter must include all trustees
authorized
to sign, including title.
|
Seller
(Account Type) |
Requirements
for Written Requests |
|
• If
the names of the trustees are not registered on the
account,
include a copy of the trust document certified
within
the past 60 days. • Medallion
Guarantee, if applicable (see above). |
Power
of Attorney (POA) |
• The
signatures on the letter must include the attorney-
in-fact,
indicating such title. • Medallion
guarantee, if applicable (see above). • Certified
copy of the POA document stating it is still in full
force
and effect, specifying the exact fund and account
number,
and certified within 60 days of receipt of
instructions.* |
Qualified
retirement benefit plans |
• The
signatures on the letter must include all trustees
authorized
to sign, including title. • Medallion
Guarantee, if applicable (see above). |
IRAs |
• Additional
documentation and distribution forms
required. |
Through
Your Broker or other Financial Professional |
Call
your broker or other financial professional. Your broker or other
financial professional can assist you in all the steps
necessary
to exchange or convert shares. Your broker or financial professional may
charge you for its services. |
By
Mail |
Write
a letter to request an exchange specifying the name of the fund from which
you are exchanging, the registered
account
name(s) and address, the account number, the dollar amount or number of
shares to be exchanged and the fund
into
which you are exchanging. The
request must be signed by all of the owners of the shares including the
capacity in which they are signing, if
appropriate. Mail
your request to:
1290
Funds
PO
Box 219166
Kansas
City, MO 64121-9166 |
By
Telephone |
If
you have authorized this service, you may exchange by telephone by calling
1-888-310-0416. If
you make a telephone exchange request, you must furnish the name of the
fund from which you are exchanging, the
name
and address of record of the registered owner, the account number and TIN,
the dollar amount or number of shares
to
be exchanged, the fund into which you are exchanging, and the name of the
person making the request. |
By
Website |
Log
into your account portfolio and select “View Account” for the fund from
which you would like to make the exchange.
On
the next screen, choose “Fund Exchange.” Instructions on the following
Exchange Request page will guide you through
the
final process. Previously outlined exchange guidelines apply to any online
exchanges. |
Restriction |
Situation |
• The Fund
may suspend the right of redemption or
postpone
payment for more than 7 days: |
• When the
New York Stock Exchange is closed (other than a
weekend/holiday). • When
trading is restricted by the SEC. • When the
SEC declares that an emergency exists. • Any other
period permitted by the SEC. |
• Each Fund
reserves the right to suspend account services
or refuse
transaction requests: |
• With a
notice of dispute between registered owners. • With
suspicion/evidence of a fraudulent act. |
• A Fund may
pay the redemption price in whole or part by
a
distribution in kind of readily marketable securities in lieu
of cash or
may take up to 7 days to pay a redemption
request in
order to raise capital: |
• When it is
detrimental for a Fund to make cash payments
as determined
in the sole discretion of the Adviser. • Securities
distributed in kind are subject to market risk until
sold, and
shareholders may incur brokerage or other costs
and realize
capital gains when converting those securities
to
cash. |
• A Fund may
withhold redemption proceeds until the check
or funds have
cleared: |
• When
redemptions are made within 10 calendar days of
purchase by
check of the shares being
redeemed. |
Net
asset value = |
Total
market value of securities |
+ |
Cash
and other assets |
- |
Liabilities |
Number
of outstanding shares |
|
Year Ended
October 31, | ||||
Class
I |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$12.79 |
$15.21 |
$11.77 |
$12.38 |
$11.07 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e)(x) |
0.24 |
0.25 |
0.16 |
0.24 |
0.22 |
Net realized
and unrealized gain (loss) |
0.36 |
(2.36
) |
3.66 |
(0.61
) |
1.34 |
Total from
investment operations |
0.60 |
(2.11
) |
3.82 |
(0.37
) |
1.56 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.28
) |
(0.16
) |
(0.22
) |
(0.22
) |
(0.21
) |
Distributions
from net realized gains |
(0.25
) |
(0.15
) |
(0.16
) |
(0.02
) |
(0.04
) |
Total
dividends and distributions |
(0.53
) |
(0.31
) |
(0.38
) |
(0.24
) |
(0.25
) |
Net asset
value, end of year |
$12.86 |
$12.79 |
$15.21 |
$11.77 |
$12.38 |
Total
return |
4.63
% |
(14.17
)% |
33.13
% |
(3.11
)% |
14.43
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$6,009 |
$5,163 |
$5,658 |
$3,818 |
$3,490 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
0.52
%(j) |
0.52
%(j) |
0.52
%(j) |
0.53
%**(j) |
0.52
%(j) |
Before
waivers and reimbursements(f) |
2.75
% |
2.75
% |
3.24
% |
4.31
% |
4.83
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f)(x) |
1.77
% |
1.84
% |
1.13
% |
2.01
% |
1.93
% |
Before
waivers and reimbursements(f)(x) |
(0.45
)% |
(0.39
)% |
(1.58
)% |
(1.78
)% |
(2.39
)% |
Portfolio
turnover rate^ |
7
% |
8
% |
4
% |
9
% |
2
% |
|
Year Ended
October 31, | ||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$8.33 |
$10.70 |
$10.68 |
$10.34 |
$9.52 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e) |
0.45 |
0.27 |
0.29 |
0.39 |
0.41
** |
Net realized
and unrealized gain (loss) |
(0.54
) |
(2.41
) |
0.44 |
0.43 |
0.80 |
Total from
investment operations |
(0.09
) |
(2.14
) |
0.73 |
0.82 |
1.21 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.21
) |
(0.23
) |
(0.47
) |
(0.15
) |
(0.39
) |
Distributions
from net realized gains |
— |
— |
(0.22
) |
(0.33
) |
— |
Return of
capital |
(0.11
) |
— |
(0.02
) |
— |
— |
Total
dividends and distributions |
(0.32
) |
(0.23
) |
(0.71
) |
(0.48
) |
(0.39
) |
Net asset
value, end of year |
$7.92 |
$8.33 |
$10.70 |
$10.68 |
$10.34 |
Total
return |
(1.50
)% |
(20.39
)% |
6.73
% |
8.32
% |
12.97
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$5,062 |
$6,608 |
$8,550 |
$7,796 |
$3,848 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
0.75
% |
0.75
% |
0.75
% |
0.75
% |
0.75
% |
Before
waivers and reimbursements(f) |
1.22
% |
1.20
% |
1.22
% |
1.42
% |
1.55
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
5.07
% |
2.75
% |
2.62
% |
3.76
%* |
4.00
%** |
Before
waivers and reimbursements(f) |
4.60
% |
2.31
% |
2.15
% |
3.09
%* |
3.19
%** |
Portfolio
turnover rate^ |
193
% |
244
% |
165
% |
200
% |
194
% |
|
Year Ended
October 31, | ||||
Class
I |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$8.36 |
$10.72 |
$10.71 |
$10.37 |
$9.53 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e) |
0.47 |
0.30 |
0.31 |
0.41 |
0.42
** |
Net realized
and unrealized gain (loss) |
(0.54
) |
(2.42
) |
0.43 |
0.41 |
0.84 |
Total from
investment operations |
(0.07
) |
(2.12
) |
0.74 |
0.82 |
1.26 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.21
) |
(0.24
) |
(0.49
) |
(0.15
) |
(0.42
) |
Distributions
from net realized gains |
— |
— |
(0.22
) |
(0.33
) |
— |
Return of
capital |
(0.12
) |
— |
(0.02
) |
— |
— |
Total
dividends and distributions |
(0.33
) |
(0.24
) |
(0.73
) |
(0.48
) |
(0.42
) |
Net asset
value, end of year |
$7.96 |
$8.36 |
$10.72 |
$10.71 |
$10.37 |
Total
return |
(1.23
)% |
(20.18
)% |
6.85
% |
8.34
% |
13.43
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$565,647 |
$578,149 |
$673,625 |
$169,409 |
$81,249 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
0.50
% |
0.50
% |
0.50
% |
0.50
% |
0.50
% |
Before
waivers and reimbursements(f) |
0.97
% |
0.95
% |
0.96
% |
1.17
% |
1.34
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
5.30
% |
3.04
% |
2.79
% |
3.95
%* |
4.12
%** |
Before
waivers and reimbursements(f) |
4.83
% |
2.59
% |
2.33
% |
3.28
%* |
3.28
%** |
Portfolio
turnover rate^ |
193
% |
244
% |
165
% |
200
% |
194
% |
|
Year Ended
October 31, | ||||
Class
R |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$8.27 |
$10.64 |
$10.63 |
$10.34 |
$9.51 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e) |
0.42 |
0.26 |
0.25 |
0.35
* |
0.35
** |
Net realized
and unrealized gain (loss) |
(0.52
) |
(2.42
) |
0.45 |
0.41 |
0.85 |
Total from
investment operations |
(0.10
) |
(2.16
) |
0.70 |
0.76 |
1.20 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.20
) |
(0.21
) |
(0.45
) |
(0.14
) |
(0.37
) |
Distributions
from net realized gains |
— |
— |
(0.22
) |
(0.33
) |
— |
Return of
capital |
(0.11
) |
— |
(0.02
) |
— |
— |
Total
dividends and distributions |
(0.31
) |
(0.21
) |
(0.69
) |
(0.47
) |
(0.37
) |
Net asset
value, end of year |
$7.86 |
$8.27 |
$10.64 |
$10.63 |
$10.34 |
Total
return |
(1.66
)% |
(20.60
)% |
6.44
% |
7.77
% |
12.84
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$2,411 |
$1,808 |
$1,264 |
$298 |
$145 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.00
% |
1.00
% |
1.00
% |
1.00
% |
1.00
% |
Before
waivers and reimbursements(f) |
1.47
% |
1.46
% |
1.47
% |
1.67
% |
1.88
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
4.79
% |
2.68
% |
2.24
% |
3.43
%* |
3.51
%** |
Before
waivers and reimbursements(f) |
4.32
% |
2.22
% |
1.77
% |
2.75
%* |
2.63
%** |
Portfolio
turnover rate^ |
193
% |
244
% |
165
% |
200
% |
194
% |
Class
A |
Year
Ended
October 31,
2023 |
July 11,
2022* to
October 31,
2022 |
Net asset
value, beginning of period |
$10.55 |
$10.00 |
Income
(loss) from investment operations: |
|
|
Net
investment income (loss)(e)(x) |
(0.05
)(1) |
(0.02
) |
Net realized
and unrealized gain (loss) |
(1.55
) |
0.57 |
Total from
investment operations |
(1.60
) |
0.55 |
Less
distributions: |
|
|
Distributions
from net realized gains |
(0.06
) |
— |
Net asset
value, end of period |
$8.89 |
$10.55 |
Total
return(b) |
(15.28
)% |
5.50
% |
Ratios/Supplemental
Data: |
|
|
Net assets,
end of period (000’s) |
$122 |
$125 |
Ratio of
expenses to average net assets: |
|
|
After waivers
and reimbursements(a)(f) |
1.13
% |
1.13
% |
Before
waivers and reimbursements(a)(f) |
2.38
% |
6.32
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
After waivers
and reimbursements(a)(f)(x) |
(0.49
)%(aa) |
(0.61
)%(l) |
Before
waivers and reimbursements(a)(f)(x) |
(1.74
)%(aa) |
(5.80
)%(l) |
Portfolio
turnover rate^ |
69
% |
29
%(z) |
Class
I |
Year
Ended
October 31,
2023 |
July 11,
2022* to
October 31,
2022 |
Net asset
value, beginning of period |
$10.56 |
$10.00 |
Income
(loss) from investment operations: |
|
|
Net
investment income (loss)(e)(x) |
(0.03
)(1) |
(0.01
) |
Net realized
and unrealized gain (loss) |
(1.55
) |
0.57 |
Total from
investment operations |
(1.58
) |
0.56 |
Less
distributions: |
|
|
Distributions
from net realized gains |
(0.06
) |
— |
Net asset
value, end of period |
$8.92 |
$10.56 |
Total
return(b) |
(15.08
)% |
5.60
% |
Ratios/Supplemental
Data: |
|
|
Net assets,
end of period (000’s) |
$44,594 |
$10,350 |
Ratio of
expenses to average net assets: |
|
|
After waivers
and reimbursements(a)(f) |
0.88
% |
0.88
% |
Before
waivers and reimbursements(a)(f) |
1.94
% |
6.03
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
After waivers
and reimbursements(a)(f)(x) |
(0.24
)%(aa) |
(0.35
)%(l) |
Before
waivers and reimbursements(a)(f)(x) |
(1.30
)%(aa) |
(5.50
)%(l) |
Portfolio
turnover rate^ |
69
% |
29
%(z) |
Class
R |
Year
Ended
October 31,
2023 |
July 11,
2022* to
October 31,
2022 |
Net asset
value, beginning of period |
$10.54 |
$10.00 |
Income
(loss) from investment operations: |
|
|
Net
investment income (loss)(e)(x) |
(0.08
)(1) |
(0.03
) |
Net realized
and unrealized gain (loss) |
(1.54
) |
0.57 |
Total from
investment operations |
(1.62
) |
0.54 |
Less
distributions: |
|
|
Distributions
from net realized gains |
(0.06
) |
— |
Net asset
value, end of period |
$8.86 |
$10.54 |
Total return
(b) |
(15.49
)% |
5.40
% |
Ratios/Supplemental
Data: |
|
|
Net assets,
end of period (000’s) |
$113 |
$105 |
Ratio of
expenses to average net assets: |
|
|
After waivers
and reimbursements(a)(f) |
1.38
% |
1.38
% |
Before
waivers and reimbursements(a)(f) |
2.59
% |
6.53
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
After waivers
and reimbursements(a)(f) |
(0.74
)%(aa) |
(0.85
)%(l) |
Before
waivers and reimbursements(a)(f) |
(1.95
)%(aa) |
(6.00
)%(l) |
Portfolio
turnover rate^ |
69
% |
29
%(z) |
|
Year Ended
October 31, | ||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$14.31 |
$17.19 |
$11.41 |
$12.46 |
$12.33 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e) |
0.10 |
0.06 |
0.09
(2) |
0.04
(1) |
0.05 |
Net realized
and unrealized gain (loss) |
0.45 |
(1.82
) |
5.73 |
(0.90
) |
0.22 |
Total from
investment operations |
0.55 |
(1.76
) |
5.82 |
(0.86
) |
0.27 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
— |
(0.26
) |
(0.04
) |
(0.04
) |
(0.02
) |
Distributions
from net realized gains |
(0.32
) |
(0.86
) |
— |
(0.15
) |
(0.12
) |
Total
dividends and distributions |
(0.32
) |
(1.12
) |
(0.04
) |
(0.19
) |
(0.14
) |
Net asset
value, end of year |
$14.54 |
$14.31 |
$17.19 |
$11.41 |
$12.46 |
Total
return |
3.88
% |
(10.93
)% |
51.10
% |
(7.04
)% |
2.29
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$5,478 |
$5,134 |
$5,904 |
$3,400 |
$3,896 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After
waivers(f) |
1.20
%(j) |
1.21
%(k) |
1.24
%(o) |
1.25
%(o) |
1.24
%(o) |
Before
waivers(f) |
1.53
% |
1.51
% |
1.42
% |
1.58
% |
1.66
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After
waivers(f) |
0.66
% |
0.42
% |
0.55
%(bb) |
0.40
%(aa) |
0.39
% |
Before
waivers(f) |
0.33
% |
0.13
% |
0.37
%(bb) |
0.07
%(aa) |
(0.03
)% |
Portfolio
turnover rate^ |
14
% |
27
% |
35
% |
19
% |
37
% |
|
Year Ended
October 31, | ||||
Class
I |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$14.35 |
$17.24 |
$11.43 |
$12.49 |
$12.36 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e) |
0.14 |
0.10 |
0.13
(2) |
0.07
(1) |
0.08 |
Net realized
and unrealized gain (loss) |
0.44 |
(1.84
) |
5.75 |
(0.91
) |
0.23 |
Total from
investment operations |
0.58 |
(1.74
) |
5.88 |
(0.84
) |
0.31 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.03
) |
(0.29
) |
(0.07
) |
(0.07
) |
(0.06
) |
Distributions
from net realized gains |
(0.32
) |
(0.86
) |
— |
(0.15
) |
(0.12
) |
Total
dividends and distributions |
(0.35
) |
(1.15
) |
(0.07
) |
(0.22
) |
(0.18
) |
Net asset
value, end of year |
$14.58 |
$14.35 |
$17.24 |
$11.43 |
$12.49 |
Total
return |
4.11
% |
(10.74
)% |
51.57
% |
(6.88
)% |
2.57
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$115,537 |
$109,572 |
$145,394 |
$84,537 |
$95,601 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After
waivers(f) |
0.95
%(j) |
0.96
%(k) |
0.99
%(o) |
1.00
%(o) |
0.99
%(o) |
Before
waivers(f) |
1.28
% |
1.25
% |
1.17
% |
1.33
% |
1.41
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After
waivers(f) |
0.91
% |
0.68
% |
0.76
%(bb) |
0.64
%(aa) |
0.64
% |
Before
waivers(f) |
0.57
% |
0.40
% |
0.59
%(bb) |
0.31
%(aa) |
0.22
% |
Portfolio
turnover rate^ |
14
% |
27
% |
35
% |
19
% |
37
% |
|
Year Ended
October 31, | ||||
Class
R |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$14.20 |
$17.07 |
$11.33 |
$12.38 |
$12.26 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e) |
0.06 |
0.03 |
0.05
(2) |
0.02
(1) |
0.02 |
Net realized
and unrealized gain (loss) |
0.45 |
(1.82
) |
5.70 |
(0.91
) |
0.22 |
Total from
investment operations |
0.51 |
(1.79
) |
5.75 |
(0.89
) |
0.24 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
— |
(0.22
) |
(0.01
) |
(0.01
) |
— |
Distributions
from net realized gains |
(0.32
) |
(0.86
) |
— |
(0.15
) |
(0.12
) |
Total
dividends and distributions |
(0.32
) |
(1.08
) |
(0.01
) |
(0.16
) |
(0.12
) |
Net asset
value, end of year |
$14.39 |
$14.20 |
$17.07 |
$11.33 |
$12.38 |
Total
return |
3.62
% |
(11.17
)% |
50.80
% |
(7.31
)% |
2.02
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$1,104 |
$1,022 |
$1,096 |
$685 |
$912 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After
waivers(f) |
1.45
%(j) |
1.46
%(k) |
1.49
%(o) |
1.50
%(o) |
1.49
%(o) |
Before
waivers(f) |
1.78
% |
1.76
% |
1.67
% |
1.83
% |
1.91
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After
waivers(f) |
0.41
% |
0.17
% |
0.28
%(bb) |
0.15
%(aa) |
0.14
% |
Before
waivers(f) |
0.08
% |
(0.12
)% |
0.11
%(bb) |
(0.19
)%(aa) |
(0.28
)% |
Portfolio
turnover rate^ |
14
% |
27
% |
35
% |
19
% |
37
% |
|
Year Ended
October 31, | ||||
Class
T** |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$14.35 |
$17.24 |
$11.43 |
$12.49 |
$12.36 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e) |
0.14 |
0.11 |
0.13
(2) |
0.07
(1) |
0.08 |
Net realized
and unrealized gain (loss) |
0.45 |
(1.85
) |
5.75 |
(0.91
) |
0.23 |
Total from
investment operations |
0.59 |
(1.74
) |
5.88 |
(0.84
) |
0.31 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.03
) |
(0.29
) |
(0.07
) |
(0.07
) |
(0.06
) |
Distributions
from net realized gains |
(0.32
) |
(0.86
) |
— |
(0.15
) |
(0.12
) |
Total
dividends and distributions |
(0.35
) |
(1.15
) |
(0.07
) |
(0.22
) |
(0.18
) |
Net asset
value, end of year |
$14.59 |
$14.35 |
$17.24 |
$11.43 |
$12.49 |
Total
return |
4.18
% |
(10.74
)% |
51.57
% |
(6.88
)% |
2.57
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$148 |
$146 |
$176 |
$116 |
$127 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After
waivers(f) |
0.95
%(j) |
0.96
%(k) |
0.99
%(o) |
1.00
%(o) |
0.99
%(o) |
Before
waivers(f) |
1.53
% |
1.51
% |
1.42
% |
1.58
% |
1.66
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After
waivers(f) |
0.91
% |
0.74
% |
0.79
%(bb) |
0.64
%(aa) |
0.64
% |
Before
waivers(f) |
0.33
% |
0.19
% |
0.37
%(bb) |
0.06
%(aa) |
(0.02
)% |
Portfolio
turnover rate^ |
14
% |
27
% |
35
% |
19
% |
37
% |
|
Year Ended
October 31, | ||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$7.95 |
$9.24 |
$9.01 |
$9.06 |
$8.93 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e) |
0.47 |
0.40 |
0.39 |
0.44 |
0.47 |
Net realized
and unrealized gain (loss) |
(0.13
) |
(1.27
) |
0.26 |
(0.03
) |
0.14 |
Total from
investment operations |
0.34 |
(0.87
) |
0.65 |
0.41 |
0.61 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.48
) |
(0.40
) |
(0.42
) |
(0.46
) |
(0.47
) |
Return of
capital |
—
# |
(0.02
) |
—
# |
— |
(0.01
) |
Total
dividends and distributions |
(0.48
) |
(0.42
) |
(0.42
) |
(0.46
) |
(0.48
) |
Net asset
value, end of year |
$7.81 |
$7.95 |
$9.24 |
$9.01 |
$9.06 |
Total
return |
4.30
% |
(9.60
)% |
7.27
% |
4.72
% |
6.97
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$1,819 |
$1,844 |
$2,145 |
$2,115 |
$1,623 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.00
% |
1.00
% |
1.00
% |
1.00
% |
1.00
% |
Before
waivers and reimbursements(f) |
1.50
% |
1.43
% |
1.44
% |
1.68
% |
1.79
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
5.83
% |
4.61
% |
4.24
% |
4.97
% |
5.27
% |
Before
waivers and reimbursements(f) |
5.33
% |
4.18
% |
3.80
% |
4.29
% |
4.48
% |
Portfolio
turnover rate^ |
35
% |
43
% |
39
% |
59
% |
54
% |
|
Year Ended
October 31, | ||||
Class
I |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$7.95 |
$9.25 |
$9.01 |
$9.06 |
$8.94 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e) |
0.49 |
0.42 |
0.42 |
0.47 |
0.50 |
Net realized
and unrealized gain (loss) |
(0.12
) |
(1.28
) |
0.26 |
(0.04
) |
0.12 |
Total from
investment operations |
0.37 |
(0.86
) |
0.68 |
0.43 |
0.62 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.50
) |
(0.42
) |
(0.44
) |
(0.48
) |
(0.49
) |
Return of
capital |
—
# |
(0.02
) |
—
# |
— |
(0.01
) |
Total
dividends and distributions |
(0.50
) |
(0.44
) |
(0.44
) |
(0.48
) |
(0.50
) |
Net asset
value, end of year |
$7.82 |
$7.95 |
$9.25 |
$9.01 |
$9.06 |
Total
return |
4.69
% |
(9.47
)% |
7.65
% |
4.98
% |
7.12
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$59,091 |
$53,821 |
$66,473 |
$42,159 |
$35,453 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
0.75
% |
0.75
% |
0.75
% |
0.75
% |
0.75
% |
Before
waivers and reimbursements(f) |
1.26
% |
1.18
% |
1.18
% |
1.43
% |
1.53
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
6.09
% |
4.84
% |
4.47
% |
5.22
% |
5.50
% |
Before
waivers and reimbursements(f) |
5.58
% |
4.42
% |
4.04
% |
4.54
% |
4.71
% |
Portfolio
turnover rate^ |
35
% |
43
% |
39
% |
59
% |
54
% |
|
Year Ended
October 31, | ||||
Class
R |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$7.95 |
$9.23 |
$9.00 |
$9.05 |
$8.93 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e) |
0.45 |
0.37 |
0.37 |
0.42 |
0.45 |
Net realized
and unrealized gain (loss) |
(0.13
) |
(1.25
) |
0.25 |
(0.03
) |
0.13 |
Total from
investment operations |
0.32 |
(0.88
) |
0.62 |
0.39 |
0.58 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.46
) |
(0.38
) |
(0.39
) |
(0.44
) |
(0.45
) |
Return of
capital |
—
# |
(0.02
) |
—
# |
— |
(0.01
) |
Total
dividends and distributions |
(0.46
) |
(0.40
) |
(0.39
) |
(0.44
) |
(0.46
) |
Net asset
value, end of year |
$7.81 |
$7.95 |
$9.23 |
$9.00 |
$9.05 |
Total
return |
4.04
% |
(9.72
)% |
7.01
% |
4.46
% |
6.59
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$367 |
$375 |
$708 |
$638 |
$307 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.25
% |
1.25
% |
1.25
% |
1.25
% |
1.25
% |
Before
waivers and reimbursements(f) |
1.76
% |
1.67
% |
1.69
% |
1.92
% |
2.03
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
5.59
% |
4.29
% |
3.98
% |
4.69
% |
5.00
% |
Before
waivers and reimbursements(f) |
5.08
% |
3.87
% |
3.54
% |
4.01
% |
4.22
% |
Portfolio
turnover rate^ |
35
% |
43
% |
39
% |
59
% |
54
% |
|
Year Ended
October 31, | ||||
Class
T** |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$7.95 |
$9.24 |
$9.01 |
$9.06 |
$8.93 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e) |
0.49 |
0.42 |
0.42 |
0.47 |
0.50 |
Net realized
and unrealized gain (loss) |
(0.12
) |
(1.27
) |
0.25 |
(0.04
) |
0.13 |
Total from
investment operations |
0.37 |
(0.85
) |
0.67 |
0.43 |
0.63 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.50
) |
(0.42
) |
(0.44
) |
(0.48
) |
(0.49
) |
Return of
capital |
—
# |
(0.02
) |
—
# |
— |
(0.01
) |
Total
dividends and distributions |
(0.50
) |
(0.44
) |
(0.44
) |
(0.48
) |
(0.50
) |
Net asset
value, end of year |
$7.82 |
$7.95 |
$9.24 |
$9.01 |
$9.06 |
Total
return |
4.69
% |
(9.37
)% |
7.53
% |
4.98
% |
7.24
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$111 |
$113 |
$131 |
$128 |
$129 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
0.75
% |
0.75
% |
0.75
% |
0.75
% |
0.75
% |
Before
waivers and reimbursements(f) |
1.51
% |
1.43
% |
1.44
% |
1.68
% |
1.78
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
6.08
% |
4.86
% |
4.49
% |
5.23
% |
5.50
% |
Before
waivers and reimbursements(f) |
5.33
% |
4.18
% |
3.80
% |
4.30
% |
4.47
% |
Portfolio
turnover rate^ |
35
% |
43
% |
39
% |
59
% |
54
% |
|
Year Ended
October 31, | ||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$9.94 |
$12.54 |
$11.47 |
$11.23 |
$10.61 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e)(x) |
0.46 |
0.16 |
0.07 |
0.12 |
0.18 |
Net realized
and unrealized gain (loss) |
0.10 |
(1.46
) |
1.91 |
0.70 |
0.91 |
Total from
investment operations |
0.56 |
(1.30
) |
1.98 |
0.82 |
1.09 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.45
) |
(0.24
) |
(0.12
) |
(0.18
) |
(0.17
) |
Distributions
from net realized gains |
(0.20
) |
(1.06
) |
(0.79
) |
(0.40
) |
(0.30
) |
Total
dividends and distributions |
(0.65
) |
(1.30
) |
(0.91
) |
(0.58
) |
(0.47
) |
Net asset
value, end of year |
$9.85 |
$9.94 |
$12.54 |
$11.47 |
$11.23 |
Total
return |
5.53
% |
(11.35
)% |
18.12
% |
7.64
% |
10.73
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$4,717 |
$4,469 |
$5,104 |
$3,520 |
$2,081 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After
waivers(f) |
1.05
% |
1.14
%(j) |
1.16
%(k) |
1.16
%(k) |
1.15
%(k) |
Before
waivers(f) |
1.58
% |
1.68
% |
1.48
% |
1.61
% |
1.67
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After
waivers(f) |
4.55
% |
1.52
%(x) |
0.59
%(x) |
1.05
%(x) |
1.70
%(x) |
Before
waivers(f) |
4.01
% |
0.98
%(x) |
0.28
%(x) |
0.60
%(x) |
1.19
%(x) |
Portfolio
turnover rate^ |
202
% |
255
%* |
106
% |
131
% |
63
% |
|
Year Ended
October 31, | ||||
Class
I |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$9.95 |
$12.57 |
$11.49 |
$11.25 |
$10.63 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e)(x) |
0.49 |
0.18 |
0.10 |
0.15 |
0.21 |
Net realized
and unrealized gain (loss) |
0.09 |
(1.45
) |
1.92 |
0.70 |
0.91 |
Total from
investment operations |
0.58 |
(1.27
) |
2.02 |
0.85 |
1.12 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.47
) |
(0.29
) |
(0.15
) |
(0.21
) |
(0.20
) |
Distributions
from net realized gains |
(0.20
) |
(1.06
) |
(0.79
) |
(0.40
) |
(0.30
) |
Total
dividends and distributions |
(0.67
) |
(1.35
) |
(0.94
) |
(0.61
) |
(0.50
) |
Net asset
value, end of year |
$9.86 |
$9.95 |
$12.57 |
$11.49 |
$11.25 |
Total
return |
5.77
% |
(11.10
)% |
18.47
% |
7.89
% |
11.00
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$47,512 |
$46,354 |
$70,007 |
$62,303 |
$59,997 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After
waivers(f) |
0.80
% |
0.89
%(j) |
0.91
%(k) |
0.91
%(k) |
0.90
%(k) |
Before
waivers(f) |
1.33
% |
1.40
% |
1.23
% |
1.36
% |
1.42
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After
waivers(f) |
4.80
% |
1.66
%(x) |
0.85
%(x) |
1.35
%(x) |
1.95
%(x) |
Before
waivers(f) |
4.27
% |
1.15
%(x) |
0.53
%(x) |
0.89
%(x) |
1.43
%(x) |
Portfolio
turnover rate^ |
202
% |
255
%* |
106
% |
131
% |
63
% |
|
Year Ended
October 31, | ||||
Class
R |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$9.94 |
$12.51 |
$11.44 |
$11.21 |
$10.59 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e)(x) |
0.44 |
0.13 |
0.04 |
0.09 |
0.15 |
Net realized
and unrealized gain (loss) |
0.08 |
(1.45
) |
1.92 |
0.70 |
0.91 |
Total from
investment operations |
0.52 |
(1.32
) |
1.96 |
0.79 |
1.06 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.42
) |
(0.19
) |
(0.10
) |
(0.16
) |
(0.14
) |
Distributions
from net realized gains |
(0.20
) |
(1.06
) |
(0.79
) |
(0.40
) |
(0.30
) |
Total
dividends and distributions |
(0.62
) |
(1.25
) |
(0.89
) |
(0.56
) |
(0.44
) |
Net asset
value, end of year |
$9.84 |
$9.94 |
$12.51 |
$11.44 |
$11.21 |
Total
return |
5.18
% |
(11.52
)% |
17.87
% |
7.30
% |
10.46
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$168 |
$168 |
$199 |
$179 |
$168 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After
waivers(f) |
1.30
% |
1.39
%(j) |
1.41
%(k) |
1.41
%(k) |
1.40
%(k) |
Before
waivers(f) |
1.83
% |
1.93
% |
1.73
% |
1.86
% |
1.92
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After
waivers(f) |
4.30
% |
1.26
%(x) |
0.35
%(x) |
0.84
%(x) |
1.44
%(x) |
Before
waivers(f) |
3.77
% |
0.72
%(x) |
0.03
%(x) |
0.39
%(x) |
0.93
%(x) |
Portfolio
turnover rate^ |
202
% |
255
%* |
106
% |
131
% |
63
% |
|
Year Ended
October 31, | ||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$8.74 |
$11.27 |
$9.92 |
$10.32 |
$10.02 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e)(x) |
0.09 |
0.15 |
0.26 |
0.10 |
0.11 |
Net realized
and unrealized gain (loss) |
0.04 |
(1.65
) |
1.15 |
(0.30
) |
0.28 |
Total from
investment operations |
0.13 |
(1.50
) |
1.41 |
(0.20
) |
0.39 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.22
) |
(0.16
) |
(0.06
) |
(0.20
) |
(0.04
) |
Distributions
from net realized gains |
— |
(0.87
) |
— |
— |
(0.05
) |
Total
dividends and distributions |
(0.22
) |
(1.03
) |
(0.06
) |
(0.20
) |
(0.09
) |
Net asset
value, end of year |
$8.65 |
$8.74 |
$11.27 |
$9.92 |
$10.32 |
Total
return |
1.48
% |
(14.28
)% |
14.24
% |
(2.01
)% |
3.98
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$335 |
$440 |
$670 |
$556 |
$627 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.10
% |
1.10
% |
1.13
%(j) |
1.06
%***(k) |
1.07
%**(o) |
Before
waivers and reimbursements(f) |
2.01
% |
1.86
% |
1.78
% |
1.97
% |
1.89
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.07
% |
1.55
% |
2.34
%(x) |
1.03
%(x) |
1.12
%(x) |
Before
waivers and reimbursements(f) |
0.16
% |
0.79
% |
1.69
%(x) |
0.12
%(x) |
0.30
%(x) |
Portfolio
turnover rate^ |
66
% |
26
% |
66
% |
15
% |
8
% |
Class
I |
Year Ended
October 31, | ||||
2023 |
2022 |
2021 |
2020 |
2019 | |
Net asset
value, beginning of year |
$8.76 |
$11.29 |
$9.94 |
$10.34 |
$10.04 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e)(x) |
0.11 |
0.17 |
0.27 |
0.13 |
0.13 |
Net realized
and unrealized gain (loss) |
0.03 |
(1.64
) |
1.16 |
(0.31
) |
0.29 |
Total from
investment operations |
0.14 |
(1.47
) |
1.43 |
(0.18
) |
0.42 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.24
) |
(0.19
) |
(0.08
) |
(0.22
) |
(0.07
) |
Distributions
from net realized gains |
— |
(0.87
) |
— |
— |
(0.05
) |
Total
dividends and distributions |
(0.24
) |
(1.06
) |
(0.08
) |
(0.22
) |
(0.12
) |
Net asset
value, end of year |
$8.66 |
$8.76 |
$11.29 |
$9.94 |
$10.34 |
Total
return |
1.63
% |
(14.04
)% |
14.48
% |
(1.76
)% |
4.25
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$13,361 |
$12,070 |
$16,054 |
$13,776 |
$17,783 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
0.85
% |
0.85
% |
0.88
%(j) |
0.81
%***(k) |
0.82
%**(o) |
Before
waivers and reimbursements(f) |
1.78
% |
1.61
% |
1.53
% |
1.71
% |
1.63
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.22
% |
1.75
% |
2.45
%(x) |
1.36
%(x) |
1.32
%(x) |
Before
waivers and reimbursements(f) |
0.29
% |
0.99
% |
1.80
%(x) |
0.46
%(x) |
0.50
%(x) |
Portfolio
turnover rate^ |
66
% |
26
% |
66
% |
15
% |
8
% |
Class
R |
Year Ended
October 31, | ||||
2023 |
2022 |
2021 |
2020 |
2019 | |
Net asset
value, beginning of year |
$8.70 |
$11.21 |
$9.87 |
$10.27 |
$9.97 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e)(x) |
0.07 |
0.12 |
0.21 |
0.06 |
0.08 |
Net realized
and unrealized gain (loss) |
0.03 |
(1.62
) |
1.16 |
(0.29
) |
0.29 |
Total from
investment operations |
0.10 |
(1.50
) |
1.37 |
(0.23
) |
0.37 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.20
) |
(0.14
) |
(0.03
) |
(0.17
) |
(0.02
) |
Distributions
from net realized gains |
— |
(0.87
) |
— |
— |
(0.05
) |
Total
dividends and distributions |
(0.20
) |
(1.01
) |
(0.03
) |
(0.17
) |
(0.07
) |
Net asset
value, end of year |
$8.60 |
$8.70 |
$11.21 |
$9.87 |
$10.27 |
Total
return |
1.10
% |
(14.39
)% |
13.95
% |
(2.27
)% |
3.74
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$116 |
$131 |
$187 |
$136 |
$116 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.35
% |
1.35
% |
1.38
%(j) |
1.31
%***(k) |
1.32
%**(o) |
Before
waivers and reimbursements(f) |
2.27
% |
2.11
% |
2.03
% |
2.23
% |
2.13
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
0.77
% |
1.25
% |
1.96
%(x) |
0.65
%(x) |
0.78
%(x) |
Before
waivers and reimbursements(f) |
(0.15
)% |
0.48
% |
1.31
%(x) |
(0.26
)%(x) |
(0.04
)%(x) |
Portfolio
turnover rate^ |
66
% |
26
% |
66
% |
15
% |
8
% |
|
Year Ended
October 31, | ||||
Class
A |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$14.15 |
$17.61 |
$13.34 |
$13.34 |
$12.09 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e) |
0.17 |
0.15 |
0.14 |
0.14 |
0.15 |
Net realized
and unrealized gain (loss) |
0.70 |
(2.37
) |
4.29 |
0.14 |
1.67 |
Total from
investment operations |
0.87 |
(2.22
) |
4.43 |
0.28 |
1.82 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.12
) |
(0.13
) |
(0.08
) |
(0.13
) |
(0.14
) |
Distributions
from net realized gains |
—
# |
(1.11
) |
(0.08
) |
(0.15
) |
(0.43
) |
Total
dividends and distributions |
(0.12
) |
(1.24
) |
(0.16
) |
(0.28
) |
(0.57
) |
Net asset
value, end of year |
$14.90 |
$14.15 |
$17.61 |
$13.34 |
$13.34 |
Total
return |
6.14
% |
(13.73
)% |
33.49
% |
2.07
% |
15.81
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$4,929 |
$4,888 |
$4,978 |
$3,278 |
$2,014 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.10
% |
1.10
% |
1.10
% |
1.14
% |
1.15
% |
Before
waivers and reimbursements(f) |
1.41
% |
1.42
% |
1.48
% |
1.83
% |
2.26
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.15
% |
0.96
% |
0.89
% |
1.04
% |
1.19
% |
Before
waivers and reimbursements(f) |
0.84
% |
0.64
% |
0.51
% |
0.35
% |
0.08
% |
Portfolio
turnover rate ^ |
34
% |
38
% |
59
% |
42
% |
31
% |
|
Year Ended
October 31, | ||||
Class
I |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$14.19 |
$17.66 |
$13.37 |
$13.37 |
$12.11 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e) |
0.21 |
0.19 |
0.19 |
0.17 |
0.19 |
Net realized
and unrealized gain (loss) |
0.71 |
(2.38
) |
4.29 |
0.14 |
1.67 |
Total from
investment operations |
0.92 |
(2.19
) |
4.48 |
0.31 |
1.86 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.16
) |
(0.17
) |
(0.11
) |
(0.16
) |
(0.17
) |
Distributions
from net realized gains |
—
# |
(1.11
) |
(0.08
) |
(0.15
) |
(0.43
) |
Total
dividends and distributions |
(0.16
) |
(1.28
) |
(0.19
) |
(0.31
) |
(0.60
) |
Net asset
value, end of year |
$14.95 |
$14.19 |
$17.66 |
$13.37 |
$13.37 |
Total
return |
6.46
% |
(13.56
)% |
33.87
% |
2.30
% |
16.16
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$176,892 |
$150,789 |
$124,320 |
$46,777 |
$23,959 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
0.85
% |
0.85
% |
0.85
% |
0.89
% |
0.90
% |
Before
waivers and reimbursements(f) |
1.16
% |
1.17
% |
1.23
% |
1.58
% |
2.02
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.40
% |
1.23
% |
1.16
% |
1.27
% |
1.49
% |
Before
waivers and reimbursements(f) |
1.09
% |
0.90
% |
0.78
% |
0.58
% |
0.37
% |
Portfolio
turnover rate ^ |
34
% |
38
% |
59
% |
42
% |
31
% |
|
Year Ended
October 31, | ||||
Class
R |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$14.10 |
$17.56 |
$13.30 |
$13.31 |
$12.06 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e) |
0.14 |
0.11 |
0.10 |
0.10 |
0.12 |
Net realized
and unrealized gain (loss) |
0.69 |
(2.37
) |
4.29 |
0.14 |
1.67 |
Total from
investment operations |
0.83 |
(2.26
) |
4.39 |
0.24 |
1.79 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.08
) |
(0.09
) |
(0.05
) |
(0.10
) |
(0.11
) |
Distributions
from net realized gains |
—
# |
(1.11
) |
(0.08
) |
(0.15
) |
(0.43
) |
Total
dividends and distributions |
(0.08
) |
(1.20
) |
(0.13
) |
(0.25
) |
(0.54
) |
Net asset
value, end of year |
$14.85 |
$14.10 |
$17.56 |
$13.30 |
$13.31 |
Total
return |
5.90
% |
(13.97
)% |
33.21
% |
1.75
% |
15.55
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$2,134 |
$1,381 |
$936 |
$236 |
$151 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.35
% |
1.35
% |
1.35
% |
1.39
% |
1.40
% |
Before
waivers and reimbursements(f) |
1.66
% |
1.68
% |
1.73
% |
2.09
% |
2.52
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
0.89
% |
0.72
% |
0.64
% |
0.77
% |
1.00
% |
Before
waivers and reimbursements(f) |
0.58
% |
0.40
% |
0.26
% |
0.07
% |
(0.12
)% |
Portfolio
turnover rate ^ |
34
% |
38
% |
59
% |
42
% |
31
% |
|
Year Ended
October 31, | ||||
Class
T** |
2023 |
2022 |
2021 |
2020 |
2019 |
Net asset
value, beginning of year |
$14.19 |
$17.65 |
$13.37 |
$13.37 |
$12.11 |
Income
(loss) from investment operations: |
|
|
|
|
|
Net
investment income (loss)(e) |
0.21 |
0.18 |
0.18 |
0.17 |
0.19 |
Net realized
and unrealized gain (loss) |
0.71 |
(2.36
) |
4.29 |
0.14 |
1.67 |
Total from
investment operations |
0.92 |
(2.18
) |
4.47 |
0.31 |
1.86 |
Less
distributions: |
|
|
|
|
|
Dividends
from net investment income |
(0.16
) |
(0.17
) |
(0.11
) |
(0.16
) |
(0.17
) |
Distributions
from net realized gains |
—
# |
(1.11
) |
(0.08
) |
(0.15
) |
(0.43
) |
Total
dividends and distributions |
(0.16
) |
(1.28
) |
(0.19
) |
(0.31
) |
(0.60
) |
Net asset
value, end of year |
$14.95 |
$14.19 |
$17.65 |
$13.37 |
$13.37 |
Total
return |
6.46
% |
(13.51
)% |
33.79
% |
2.30
% |
16.16
% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$154 |
$147 |
$182 |
$138 |
$138 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
0.85
% |
0.85
% |
0.85
% |
0.90
% |
0.90
% |
Before
waivers and reimbursements(f) |
1.41
% |
1.42
% |
1.48
% |
1.84
% |
2.27
% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.40
% |
1.20
% |
1.14
% |
1.28
% |
1.50
% |
Before
waivers and reimbursements(f) |
0.84
% |
0.63
% |
0.50
% |
0.33
% |
0.13
% |
Portfolio
turnover rate^ |
34
% |
38
% |
59
% |
42
% |
31
% |