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Class A
– ( |
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Class C
– ( |
| | |
Class I
– ( |
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|
Class A
– ( |
| | |
Class C
– ( |
| | |
Class I
– ( |
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Class A
– ( |
| | |
Class C
– ( |
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Class I
– ( |
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Page |
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| | | | 1 | | | |
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| | | | 21 | | | |
ADDITIONAL INFORMATION ABOUT THE FUNDS’ INVESTMENT OBJECTIVES, INVESTMENT STRATEGIES, AND RELATED RISKS | | | | | 29 | | |
| | | | 65 | | | |
| | | | 66 | | | |
| | | | 66 | | | |
| | | | 67 | | | |
| | | | 69 | | | |
| | | | 69 | | | |
| | | | 69 | | | |
| | | | 70 | | | |
| | | | 70 | | | |
SHAREHOLDER ACCOUNT INFORMATION – INITIAL
SALES CHARGES (CLASS A SHARES ONLY) |
| | | | 71 | | |
| | | | 72 | | | |
| | | | 72 | | | |
| | | | 74 | | | |
| | | | 74 | | | |
| | | | 75 | | | |
| | | | 75 | | | |
| | | | 77 | | | |
| | | | 80 | | | |
| | | | 82 | | | |
| | | | 82 | | | |
| | | | 83 | | | |
| | | | 83 | | | |
| | | | 84 | | | |
| | | | 85 | | | |
| | | | 86 | | | |
| | | | 87 | | | |
| | | | PN-1 | | | |
| | | | A-1 | | |
| | | |
Class A Shares |
| |
Class C Shares |
| |
Class I Shares |
| |||||||||
| | |||||||||||||||||||
| Maximum Sales Charge (Load) Imposed on
Purchases (as a percentage of offering price) |
| | | | | | | | | | | | |||||||
| Maximum Deferred Sales Charge (Load) (as a percentage of original cost of shares redeemed) |
| |
|
| | | | | | | | | |||||||
| | | | | | | | | | | | | | |||||||
| Management Fees | | | | | | | | | | | | | | | | | |||
| Distribution and/or Service (Rule 12b-1) Fees | | | | | | | | | | | | | | | |||||
| Other Expenses | | | | | | | | | | | | | | | | | |||
| Total Annual Fund Operating Expenses | | | | | | | | | | | | | | | | | |||
| Less Fee Waiver and/or Expense Reimbursement (3) | | | | | ( |
| | | | | ( |
| | | | | ( |
| |
| Total Annual Fund Operating Expenses After
Fee Waiver and/or Expense Reimbursement(3) |
| | | | | | | | | | | | | | | |
| | | |
1 Year |
| |
3 Years |
| |
5 Years |
| |
10 Years |
| ||||||||||||
|
Class
A Shares |
| | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||
|
Class
C Shares |
| | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||
|
Class
I Shares |
| | | $ | | | | | $ | | | | | $ | | | | | $ | | |
| | | |
1 Year |
| |
3 Years |
| |
5 Years |
| |
10 Years |
| ||||||||||||
|
Class
C Shares |
| | | $ | | | | | $ | | | | | $ | | | | | $ | | |
| 2023, with maximum sales charge, if applicable |
| ||||||||||||||||||||||||
| | | |
One Year |
| |
Five Years |
| |
Ten Years |
| |
Since Inception (1) |
| ||||||||||||
| Class I Shares (Legacy Class Y Shares) | | ||||||||||||||||||||||||
|
Return
Before Taxes |
| | | | | | | | | | | | | | | | | | | | | ||||
|
Return
After Taxes on Distributions |
| | | | | | | | | | | | | | | | | | | | | ||||
|
Return
After Taxes on Distributions and Sale of Fund Shares |
| | | | | | | | | | | | | | | | | | | | | ||||
| Class A Shares | | ||||||||||||||||||||||||
|
Return
Before Taxes |
| | | | | | | | | | | | | | | | | | | | | ||||
| Class C Shares | | ||||||||||||||||||||||||
|
Return
Before Taxes |
| | | | | | | | | | | | | | | | | | | | | ||||
| FTSE EPRA Nareit Developed Index (2) | | | | | | | | | | | | | | | | | | | | | |
| | | |
Class A Shares |
| |
Class C Shares |
| |
Class I Shares |
| |||||||||
| | |||||||||||||||||||
| Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | | | | | | | | | | | | | |||||||
| Maximum Deferred Sales Charge (Load) (as a percentage of original cost of shares redeemed) | | |
|
| | | | | | | | | |||||||
| | |||||||||||||||||||
| Management Fees | | | | | | | | | | | | | | | | | |||
| Distribution and/or Service (Rule 12b-1) Fees | | | | | | | | | | | | | | | |||||
| Other Expenses | | | | | | | | | | | | | | | | | |||
| Total Annual Fund Operating Expenses | | | | | | | | | | | | | | | | | |||
| Less Fee Waiver and/or Expense Reimbursement (3) | | | | | ( |
| | | | | ( |
| | | | | ( |
| |
| Total Annual Fund Operating Expenses After
Fee Waiver and/or Expense Reimbursement(3) |
| | | | | | | | | | | | | | | |
| | | |
1 Year |
| |
3 Years |
| |
5 Years |
| |
10 Years |
| ||||||||||||
|
Class
A Shares |
| | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||
|
Class
C Shares |
| | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||
|
Class
I Shares |
| | | $ | | | | | $ | | | | | $ | | | | | $ | | |
| | | |
1 Year |
| |
3 Years |
| |
5 Years |
| |
10 Years |
| ||||||||||||
|
Class
C Shares |
| | | $ | | | | | $ | | | | | $ | | | | | $ | | |
| 2023, with maximum sales charge, if applicable |
| ||||||||||||||||||||||||
| | | |
One Year |
| |
Five Years |
| |
Ten Years |
| |
Since Inception (1) |
| ||||||||||||
| Class I Shares (Legacy Class Y Shares) | | ||||||||||||||||||||||||
|
Return
Before Taxes |
| | | | | | | | | | | | | | | | | | | | | ||||
|
Return
After Taxes on Distributions |
| | | | | | | | | | | | | | | | | | | | | ||||
|
Return
After Taxes on Distributions and Sale of Fund Shares |
| | | | | | | | | | | | | | | | | | | | | ||||
| Class A Shares | | ||||||||||||||||||||||||
|
Return
Before Taxes |
| | | | ( |
| | | | | | | | | | | | | | | | | |||
| Class C Shares | | ||||||||||||||||||||||||
|
Return
Before Taxes |
| | | | | | | | | | | | | | | | | | | | | ||||
| FTSE Global Core Infrastructure 50/50 Index (2) | | | | | | | | | | | | | | | | | | | | ||||||
| Dow Jones Brookfield Global Infrastructure Composite Index(3) | | | | | | | | | | | | | | | | | | | | | |
| | | | Class A Shares |
| | Class C Shares |
| | Class I Shares |
| |||||||||
| | |||||||||||||||||||
| Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | | | | | | | | | | | | | |||||||
| Maximum Deferred Sales Charge (Load) (as a percentage of original cost of shares redeemed) | | |
|
| | | | | | | | | |||||||
| | |||||||||||||||||||
| Management Fees | | | | | | | | | | | | | | | | | |||
| Distribution and/or Service (Rule 12b-1) Fees | | | | | | | | | | | | | | | |||||
| Other Expenses (3) | | | | | | | | | | | | | | | | | |||
| Total Annual Fund Operating Expenses | | | | | | | | | | | | | | | | | |||
| Less Fee Waiver and/or Expense Reimbursement | | | | | ( |
| | | | | ( |
| | | | | ( |
| |
| Total Annual Fund Operating Expenses After
Fee Waiver and/or Expense Reimbursement(4) |
| | | | | | | | | | | | | | | |
| | | |
1 Year |
| |
3 Years |
| |
5 Years |
| |
10 Years |
| ||||||||||||
|
Class
A Shares |
| | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||
|
Class
C Shares |
| | | $ | | | | | $ | | | | | $ | | | | | $ | | | ||||
|
Class
I Shares |
| | | $ | | | | | $ | | | | | $ | | | | | $ | | |
| | | |
1 Year |
| |
3 Years |
| |
5 Years |
| |
10 Years |
| ||||||||||||
|
Class
C Shares |
| | | $ | | | | | $ | | | | | $ | | | | | $ | | |
| 2023, with maximum sales charge, if applicable. |
| ||||||||||||
| | | |
One Year |
| |
Since Inception (1) |
| ||||||
| Class I Shares | | ||||||||||||
|
Return
Before Taxes |
| | | | ( |
| | | | | | | |
|
Return
After Taxes on Distributions |
| | | | ( |
| | | | | | | |
|
Return
After Taxes on Distributions and Sale of Fund Shares |
| | | | ( |
| | | | | | | |
| Class A Shares | | | | | | | |||||||
|
Return
Before Taxes |
| | | | ( |
| | | | | | | |
| Class C Shares | | | | | | | |||||||
|
Return
Before Taxes |
| | | | ( |
| | | | | | | |
| MSCI World Index (2) | | | | | | | | | | | |
| |
Fund |
| | |
Annual Advisory Fee-Contractual
Rate (as a percentage of average daily net assets) |
| | |||
| | Global Real Estate Fund | | | | | | 0.75% | | | |
| | Infrastructure Fund | | | | | | 0.85% | | | |
| | Renewables Fund | | | | | | 0.85% | | | |
| |
Fund |
| | |
Advisory Fee-Net of Fee Waiver and Expense
Reimbursement as of December 31, 2023 (as a percentage of average daily net assets) |
| | |||
| | Global Real Estate Fund | | | | | | 0.74% | | | |
| | Infrastructure Fund | | | | | | 0.76% | | | |
| | Renewables Fund | | | | | | —% | | | |
| | |
Class A Shares |
| |
Class C Shares |
| |
Class I Shares |
|
Front End Sales Load? | | |
Yes.
The percentage declines as the amount invested increases. |
| | No. | | | No. | |
Contingent Deferred Sales
Charge? |
| |
No,
except for shares redeemed within eighteen months after purchase of an
investment greater than $1 million if no front-end sales charge was paid
at the time of purchase.
|
| |
Yes,
for shares redeemed within twelve months after purchase. |
| | No. | |
Rule 12b-1 Fee | | | 0.25% | | | 1.00% | | | None. | |
Convertible to Another Class? |
| | No. | | |
Yes,
automatic conversion into Class A Shares eight years after the original
date of purchase or, if you acquired your Class C Shares through an
exchange or conversion from another share class, eight years after the
date you acquired your Class C Shares. |
| | No. | |
Fund Expense Levels | | |
Lower annual expenses than Class C Shares.
Higher annual expenses than Class I Shares. |
| |
Higher annual expenses than Class A
Shares or Class I Shares.
|
| |
Lower annual expenses than Class A
Shares and Class C Shares.
|
|
| |
If
you... |
| | |
then
you should consider... |
| |
| |
•
qualify
for a reduced or waived front-end sales load
|
| | |
purchasing Class A Shares instead of Class C
Shares |
| |
| |
•
do not qualify for a reduced or waived
front-end sales load and intend to hold your shares for only a few
years
|
| | |
purchasing Class C Shares instead of Class A
Shares |
| |
| |
•
do not qualify for a reduced or waived
front-end sales load and intend to hold your shares indefinitely
|
| | |
purchasing Class A Shares instead of Class C
Shares |
| |
| |
•
are eligible to purchase shares through
certain “wrap” programs or similar programs sponsored by certain
financial intermediaries with whom the Funds and/or their distributor
have entered into an agreement
|
| | | purchasing Class I Shares | | |
|
Amount of Investment |
| |
Sales Charge as % of the Offering Price (1) |
| |
Sales Charge as % of Amount Invested |
| |
Reallowance to Broker-Dealers |
| |||||||||
| Less than $50,000 | | | | | 4.75% | | | | | | 4.99% | | | | | | 4.75% | | |
| $50,000 but under $100,000 | | | | | 4.25% | | | | | | 4.44% | | | | | | 4.25% | | |
| $100,000 but under $250,000 | | | | | 3.50% | | | | | | 3.63% | | | | | | 3.50% | | |
| $250,000 but under $500,000 | | | | | 2.50% | | | | | | 2.56% | | | | | | 2.50% | | |
| $500,000 but under $1 million | | | | | 2.00% | | | | | | 2.04% | | | | | | 2.00% | | |
| $1 million or more (2) | | | | | None | | | | | | None | | | | | | None | | |
Regular Mail |
| |
Overnight Express Mail
|
|
Brookfield Investment Funds c/o U.S. Bancorp Fund Services, LLC P.O. Box 701 Milwaukee, Wisconsin 53201‑0701 |
| | Brookfield Investment Funds c/o U.S. Bancorp Fund Services, LLC 615 East Michigan Street, 3rd Floor Milwaukee, Wisconsin 53202 |
|
| | | |
Per Share Operating
Performance: |
| | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | |
Net asset value, beginning of year |
| |
Net investment income (1) |
| |
Net realized and change in unrealized gain (loss) on investment transactions |
| |
Net increase (decrease) in net asset value resulting from operations |
| |
Distributions from net investment income |
| |
Distributions from net realized gains |
| |
Return of capital distributions |
| |
Total distributions paid (*) |
| |
Net asset value, end of year |
| |||||||||||||||||||||||||||
| Class A: | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| December 31, 2023 | | | | $ | 10.74 | | | | | | 0.23 | | | | | | 0.50 | | | | | | 0.73 | | | | | | (0.19) | | | | | | — | | | | | | — | | | | | | (0.19) | | | | | $ | 11.28 | | |
| December 31, 2022 | | | | $ | 14.05 | | | | | | 0.20 | | | | | | (3.31) | | | | | | (3.11) | | | | | | (0.19) | | | | | | — | | | | | | (0.01) | | | | | | (0.20) | | | | | $ | 10.74 | | |
| December 31, 2021 | | | | $ | 11.63 | | | | | | 0.11 | | | | | | 2.59 | | | | | | 2.70 | | | | | | (0.28) | | | | | | — | | | | | | — | | | | | | (0.28) | | | | | $ | 14.05 | | |
| December 31, 2020 | | | | $ | 13.51 | | | | | | 0.18 | | | | | | (1.67) | | | | | | (1.49) | | | | | | (0.35) | | | | | | (0.03) | | | | | | (0.01) | | | | | | (0.39) | | | | | $ | 11.63 | | |
| December 31, 2019 | | | | $ | 11.79 | | | | | | 0.29 | | | | | | 2.06 | | | | | | 2.35 | | | | | | (0.63) | | | | | | (0.03) | | | | | | — | | | | | | (0.63) | | | | | $ | 13.51 | | |
| Class C: | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| December 31, 2023 | | | | $ | 10.68 | | | | | | 0.15 | | | | | | 0.49 | | | | | | 0.64 | | | | | | (0.13) | | | | | | — | | | | | | — | | | | | | (0.13) | | | | | $ | 11.19 | | |
| December 31, 2022 | | | | $ | 13.98 | | | | | | 0.10 | | | | | | (3.28) | | | | | | (3.18) | | | | | | (0.11) | | | | | | — | | | | | | (0.01) | | | | | | (0.12) | | | | | $ | 10.68 | | |
| December 31, 2021 | | | | $ | 11.57 | | | | | | 0.01 | | | | | | 2.58 | | | | | | 2.59 | | | | | | (0.18) | | | | | | — | | | | | | — | | | | | | (0.18) | | | | | $ | 13.98 | | |
| December 31, 2020 | | | | $ | 13.42 | | | | | | 0.10 | | | | | | (1.65) | | | | | | (1.55) | | | | | | (0.26) | | | | | | (0.03) | | | | | | (0.01) | | | | | | (0.30) | | | | | $ | 11.57 | | |
| December 31, 2019 | | | | $ | 11.72 | | | | | | 0.18 | | | | | | 2.06 | | | | | | 2.24 | | | | | | (0.51) | | | | | | (0.03) | | | | | | — | | | | | | (0.54) | | | | | $ | 13.42 | | |
| Class I: | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| December 31, 2023 | | | | $ | 10.77 | | | | | | 0.27 | | | | | | 0.48 | | | | | | 0.75 | | | | | | (0.21) | | | | | | — | | | | | | — | | | | | | (0.21) | | | | | $ | 11.31 | | |
| December 31, 2022 | | | | $ | 14.08 | | | | | | 0.23 | | | | | | (3.32) | | | | | | (3.09) | | | | | | (0.21) | | | | | | — | | | | | | (0.01) | | | | | | (0.22) | | | | | $ | 10.77 | | |
| December 31, 2021 | | | | $ | 11.65 | | | | | | 0.15 | | | | | | 2.60 | | | | | | 2.75 | | | | | | (0.32) | | | | | | — | | | | | | — | | | | | | (0.32) | | | | | $ | 14.08 | | |
| December 31, 2020 | | | | $ | 13.53 | | | | | | 0.21 | | | | | | (1.67) | | | | | | (1.46) | | | | | | (0.38) | | | | | | (0.03) | | | | | | (0.01) | | | | | | (0.42) | | | | | $ | 11.65 | | |
| December 31, 2019 | | | | $ | 11.80 | | | | | | 0.30 | | | | | | 2.09 | | | | | | 2.39 | | | | | | (0.63) | | | | | | (0.03) | | | | | | — | | | | | | (0.66) | | | | | $ | 13.53 | | |
| | |
Ratios to Average Net
Assets/Supplementary Data: |
| |||||||||||||||||||||||||||||||||||||||
| | |
Total Investment Return (†) |
| |
Net assets, end of year (000s) |
| |
Gross operating expenses |
| |
Net expenses, including fee waivers and reimbursement |
| |
Net investment income |
| |
Net investment income, excluding the effect of fee waivers and reimbursement |
| |
Portfolio turnover rate |
| |||||||||||||||||||||
Class A: | | ||||||||||||||||||||||||||||||||||||||||||
December 31, 2023 | | | | | 6.97% | | | | | $ | 4,953 | | | | | | 1.39% | | | | | | 1.20% | | | | | | 2.18% | | | | | | 1.99% | | | | | | 91% | | |
December 31, 2022 | | | | | (22.21)% | | | | | $ | 7,215 | | | | | | 1.32% | | | | | | 1.20% | | | | | | 1.60% | | | | | | 1.48% | | | | | | 99% | | |
December 31, 2021 | | | | | 23.42% | | | | | $ | 14,140 | | | | | | 1.27% | | | | | | 1.20% | | | | | | 0.84% | | | | | | 0.77% | | | | | | 65% | | |
December 31, 2020 | | | | | (10.60)% | | | | | $ | 13,944 | | | | | | 1.27% | | | | | | 1.20% | | | | | | 1.64% | | | | | | 1.57% | | | | | | 114% | | |
December 31, 2019 | | | | | 20.09% | | | | | $ | 11,332 | | | | | | 1.23% | | | | | | 1.20% | | | | | | 2.15% | | | | | | 2.12% | | | | | | 83% | | |
Class C: | | ||||||||||||||||||||||||||||||||||||||||||
December 31, 2023 | | | | | 6.11% | | | | | $ | 1,241 | | | | | | 2.13% | | | | | | 1.95% | | | | | | 1.43% | | | | | | 1.25% | | | | | | 91% | | |
December 31, 2022 | | | | | (22.78)% | | | | | $ | 2,182 | | | | | | 2.05% | | | | | | 1.95% | | | | | | 0.81% | | | | | | 0.71% | | | | | | 99% | | |
December 31, 2021 | | | | | 22.53% | | | | | $ | 5,024 | | | | | | 2.01% | | | | | | 1.95% | | | | | | 0.09% | | | | | | 0.03% | | | | | | 65% | | |
December 31, 2020 | | | | | (11.25)% | | | | | $ | 5,229 | | | | | | 2.02% | | | | | | 1.95% | | | | | | 0.89% | | | | | | 0.83% | | | | | | 114% | | |
December 31, 2019 | | | | | 19.19% | | | | | $ | 11,160 | | | | | | 1.98% | | | | | | 1.95% | | | | | | 1.36% | | | | | | 1.33% | | | | | | 83% | | |
Class I: | | ||||||||||||||||||||||||||||||||||||||||||
December 31, 2023 | | | | | 7.15% | | | | | $ | 354,674 | | | | | | 0.96% | | | | | | 0.95% | | | | | | 2.47% | | | | | | 2.46% | | | | | | 91% | | |
December 31, 2022 | | | | | (22.00)% | | | | | $ | 428,733 | | | | | | 0.95% | | | | | | 0.95% | | | | | | 1.90% | | | | | | 1.90% | | | | | | 99% | | |
December 31, 2021 | | | | | 23.76% | | | | | $ | 660,595 | | | | | | 0.94% | | | | | | 0.95% | | | | | | 1.09% | | | | | | 1.10% | | | | | | 65% | | |
December 31, 2020 | | | | | (10.35)% | | | | | $ | 352,509 | | | | | | 1.02% | | | | | | 0.95% | | | | | | 1.89% | | | | | | 1.82% | | | | | | 114% | | |
December 31, 2019 | | | | | 20.42% | | | | | $ | 715,495 | | | | | | 0.98% | | | | | | 0.95% | | | | | | 2.27% | | | | | | 2.24% | | | | | | 83% | | |
| | | |
Per Share Operating
Performance: |
| | | | | | | |||||||||||||||||||||||||||||||||||||||||||||
| | | |
Net asset value, beginning of year |
| |
Net investment income (1) |
| |
Net realized and change in unrealized gain (loss) on investment transactions |
| |
Net increase (decrease) in net asset value resulting from operations |
| |
Distributions from net investment income |
| |
Distributions from net realized gains |
| |
Return of capital distributions |
| |
Total distributions paid(*) |
| |
Net asset value, end of year |
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| Class A: | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| December 31, 2023 | | | | $ | 12.33 | | | | | | 0.17 | | | | | | 0.19 | | | | | | 0.36 | | | | | | (0.18) | | | | | | (0.02) | | | | | | — | | | | | | (0.20) | | | | | $ | 12.49 | | |
| December 31, 2022 | | | | $ | 13.97 | | | | | | 0.15 | | | | | | (0.92) | | | | | | (0.77) | | | | | | (0.14) | | | | | | (0.73) | | | | | | — | | | | | | (0.87) | | | | | $ | 12.33 | | |
| December 31, 2021 | | | | $ | 12.60 | | | | | | 0.11 | | | | | | 1.86 | | | | | | 1.97 | | | | | | (0.35) | | | | | | (0.25) | | | | | | — | | | | | | (0.60) | | | | | $ | 13.97 | | |
| December 31, 2020 | | | | $ | 13.55 | | | | | | 0.11 | | | | | | (0.62) | | | | | | (0.51) | | | | | | — | | | | | | — | | | | | | (0.44) | | | | | | (0.44) | | | | | $ | 12.60 | | |
| December 31, 2019 | | | | $ | 11.25 | | | | | | 0.14 | | | | | | 2.66 | | | | | | 2.80 | | | | | | (0.29) | | | | | | — | | | | | | (0.29) | | | | | | (0.50) | | | | | $ | 13.55 | | |
| Class C: | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| December 31, 2023 | | | | $ | 12.15 | | | | | | 0.07 | | | | | | 0.20 | | | | | | 0.27 | | | | | | (0.08) | | | | | | (0.02) | | | | | | — | | | | | | (0.10) | | | | | $ | 12.32 | | |
| December 31, 2022 | | | | $ | 13.78 | | | | | | 0.04 | | | | | | (0.90) | | | | | | (0.86) | | | | | | (0.04) | | | | | | (0.73) | | | | | | — | | | | | | (0.77) | | | | | $ | 12.15 | | |
| December 31, 2021 | | | | $ | 12.43 | | | | | | 0.01 | | | | | | 1.84 | | | | | | 1.85 | | | | | | (0.25) | | | | | | (0.25) | | | | | | — | | | | | | (0.50) | | | | | $ | 13.78 | | |
| December 31, 2020 | | | | $ | 13.37 | | | | | | 0.02 | | | | | | (0.62) | | | | | | (0.60) | | | | | | — | | | | | | — | | | | | | (0.34) | | | | | | (0.34) | | | | | $ | 12.43 | | |
| December 31, 2019 | | | | $ | 11.11 | | | | | | 0.05 | | | | | | 2.62 | | | | | | 2.67 | | | | | | (0.24) | | | | | | — | | | | | | (0.17) | | | | | | (0.41) | | | | | $ | 13.37 | | |
| Class I: | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| December 31, 2023 | | | | $ | 12.35 | | | | | | 0.21 | | | | | | 0.19 | | | | | | 0.40 | | | | | | (0.21) | | | | | | (0.02) | | | | | | — | | | | | | (0.23) | | | | | $ | 12.52 | | |
| December 31, 2022 | | | | $ | 13.99 | | | | | | 0.18 | | | | | | (0.91) | | | | | | (0.73) | | | | | | (0.18) | | | | | | (0.73) | | | | | | — | | | | | | (0.91) | | | | | $ | 12.35 | | |
| December 31, 2021 | | | | $ | 12.62 | | | | | | 0.18 | | | | | | 1.83 | | | | | | 2.01 | | | | | | (0.39) | | | | | | (0.25) | | | | | | — | | | | | | (0.64) | | | | | $ | 13.99 | | |
| December 31, 2020 | | | | $ | 13.58 | | | | | | 0.14 | | | | | | (0.63) | | | | | | (0.49) | | | | | | — | | | | | | — | | | | | | (0.47) | | | | | | (0.47) | | | | | $ | 12.63 | | |
| December 31, 2019 | | | | $ | 11.27 | | | | | | 0.17 | | | | | | 2.68 | | | | | | 2.85 | | | | | | (0.32) | | | | | | — | | | | | | (0.22) | | | | | | (0.54) | | | | | $ | 13.58 | | |
| | | | | | |
Ratios to Average Net
Assets/Supplementary Data: |
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| | |
Total Investment Return (†) |
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Net assets, end of year (000s) |
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Gross operating expenses |
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Net expenses, including fee waivers and reimbursement |
| |
Net investment income |
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Net investment income (loss), excluding the effect of fee waivers and reimbursement |
| |
Portfolio turnover rate |
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Class A: | | ||||||||||||||||||||||||||||||||||||||||||
December 31, 2023 | | | | | 2.99% | | | | | $ | 6,047 | | | | | | 1.43% | | | | | | 1.25% | | | | | | 1.41% | | | | | | 1.23% | | | | | | 52% | | |
December 31, 2022 | | | | | (5.61)% | | | | | $ | 7,267 | | | | | | 1.41% | | | | | | 1.25% | | | | | | 1.13% | | | | | | 0.97% | | | | | | 74% | | |
December 31, 2021 | | | | | 15.90% | | | | | $ | 7,698 | | | | | | 1.37% | | | | | | 1.28% | | | | | | 0.85% | | | | | | 0.76% | | | | | | 62% | | |
December 31, 2020 | | | | | (3.42)% | | | | | $ | 5,807 | | | | | | 1.44% | | | | | | 1.35% | | | | | | 0.93% | | | | | | 0.84% | | | | | | 138% | | |
December 31, 2019 | | | | | 25.06% | | | | | $ | 7,313 | | | | | | 1.43% | | | | | | 1.35% | | | | | | 1.09% | | | | | | 1.01% | | | | | | 82% | | |
Class C: | | ||||||||||||||||||||||||||||||||||||||||||
December 31, 2023 | | | | | 2.25% | | | | | $ | 955 | | | | | | 2.28% | | | | | | 2.00% | | | | | | 0.58% | | | | | | 0.30% | | | | | | 52% | | |
December 31, 2022 | | | | | (6.35)% | | | | | $ | 1,736 | | | | | | 2.20% | | | | | | 2.00% | | | | | | 0.29% | | | | | | 0.09% | | | | | | 74% | | |
December 31, 2021 | | | | | 15.06% | | | | | $ | 3,642 | | | | | | 2.11% | | | | | | 2.03% | | | | | | 0.07% | | | | | | (0.01)% | | | | | | 62% | | |
December 31, 2020 | | | | | (4.19)% | | | | | $ | 4,180 | | | | | | 2.19% | | | | | | 2.10% | | | | | | 0.18% | | | | | | 0.09% | | | | | | 138% | | |
December 31, 2019 | | | | | 24.13% | | | | | $ | 7,780 | | | | | | 2.18% | | | | | | 2.10% | | | | | | 0.37% | | | | | | 0.29% | | | | | | 82% | | |
Class I: | | ||||||||||||||||||||||||||||||||||||||||||
December 31, 2023 | | | | | 3.33% | | | | | $ | 243,742 | | | | | | 1.09% | | | | | | 1.00% | | | | | | 1.72% | | | | | | 1.63% | | | | | | 52% | | |
December 31, 2022 | | | | | (5.36)% | | | | | $ | 224,185 | | | | | | 1.06% | | | | | | 1.00% | | | | | | 1.30% | | | | | | 1.24% | | | | | | 74% | | |
December 31, 2021 | | | | | 16.14% | | | | | $ | 451,114 | | | | | | 1.05% | | | | | | 1.01% | | | | | | 1.37% | | | | | | 1.33% | | | | | | 62% | | |
December 31, 2020 | | | | | (3.23)% | | | | | $ | 164,044 | | | | | | 1.19% | | | | | | 1.10% | | | | | | 1.17% | | | | | | 1.05% | | | | | | 138% | | |
December 31, 2019 | | | | | 25.42% | | | | | $ | 75,197 | | | | | | 1.18% | | | | | | 1.10% | | | | | | 1.31% | | | | | | 1.23% | | | | | | 82% | | |
| | | |
Per Share Operating
Performance: |
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| | | |
Net asset value, beginning of year |
| |
Net investment income (1) |
| |
Net realized and unrealized gain (loss) on investment transactions |
| |
Net increase (decrease) in net asset value resulting from operations |
| |
Distributions from net investment income |
| |
Distributions from net realized gains |
| |
Return of capital distributions |
| |
Total distributions paid(*) |
| |
Net asset value, end of year |
| |||||||||||||||||||||||||||
| Class I: | | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| December 31, 2023 | | | | $ | 9.50 | | | | | | 0.14 | | | | | | (0.36) | | | | | | (0.22) | | | | | | (0.14) | | | | | | — | | | | | | — | | | | | | (0.14) | | | | | $ | 9.14 | | |
| December 31, 2022 | | | | $ | 10.00 | | | | | | 0.13 | | | | | | (0.51) | | | | | | (0.38) | | | | | | (0.12) | | | | | | — | | | | | | — | | | | | | (0.12) | | | | | $ | 9.50 | | |
| | | | | | | | | | | | |
Ratios to Average Net
Assets/Supplementary Data: |
| |||||||||||||||||||||||||||||
| | |
Total Investment Return (†) |
| |
Net assets, end of period (000s) |
| |
Gross operating expenses |
| |
Net expenses, including fee waivers and reimbursement and excluding interest expense |
| |
Net investment income |
| |
Net investment income, excluding the effect of fee waivers and reimbursement |
| |
Portfolio turnover rate |
| |||||||||||||||||||||
Class I: | | ||||||||||||||||||||||||||||||||||||||||||
December 31, 2023 | | | | | (2.25)% | | | | | $ | 35,433 | | | | | | 2.32% | | | | | | 1.00% | | | | | | 1.53% | | | | | | 0.21% | | | | | | 61% | | |
December 31, 2022 | | | | | (3.79)% | | | | | $ | 17,503 | | | | | | 5.00% | | | | | | 1.00% | | | | | | 1.46% | | | | | | (2.54)% | | | | | | 62% | | |