Fund+ |
Share
Class (Ticker) |
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) |
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. |
$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
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 Reimbursement2 |
( |
( |
( |
( |
Total Annual
Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement |
|
|
|
|
|
1
Year |
3
Years |
Class A
Shares |
$ |
$ |
Class T
Shares |
$ |
$ |
Class I
Shares |
$ |
$ |
Class R
Shares |
$ |
$ |
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 Reimbursement1,2 |
( |
( |
( |
( |
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
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
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 US
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
Fee1 |
|
|
|
|
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 Reimbursement3,4 |
( |
( |
( |
( |
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 Index2 (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) |
- |
|
|
|
60% S&P
500® Index/40%
Bloomberg U.S. Aggregate Bond Index1 (reflects no
deduction for
fees,
expenses, or taxes) |
- |
|
|
|
S&P
500® Index
(reflects no deduction for fees, expenses, or 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 |
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 |
Vice
President, Portfolio Manager of Loomis
Sayles |
August
2022 |
Kevin
Kearns |
Vice
President, Portfolio Manager & Head of
Alpha
Strategies of Loomis Sayles |
August
2022 |
Vivek Garg,
CFA |
Vice
President, 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 |
No
minimum
|
|
Class
A |
Class
T |
Class
I |
Class
R |
|
|
|
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
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 US
3-Month 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
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 |
No
minimum
|
|
Class
A |
Class
T |
Class
I |
Class
R |
|
|
|
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 |
Gideon Smith,
CFA® |
Head of
Equity QI at AXA IM |
November
2014 |
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. |
$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 |
|
Annual
Rate
Received |
Rate
of Fees Waived and
Expenses
Reimbursed | |||
Fund |
All
Classes |
Class
A |
Class
T |
Class
I |
Class
R |
1290
Diversified Bond Fund |
0.60% |
0.45% |
N/A |
0.45% |
0.46% |
1290 GAMCO
Small/Mid Cap Value Fund |
0.75% |
0.30% |
0.30% |
0.29% |
0.30% |
1290 High
Yield Bond Fund |
0.60% |
0.43% |
0.43% |
0.43% |
0.42% |
1290 Loomis
Sayles Multi-Asset Income Fund |
0.73% |
0.54% |
N/A |
0.51% |
0.54% |
1290
Multi-Alternative Strategies Fund |
0.50% |
0.76% |
N/A |
0.76% |
0.76% |
1290
SmartBeta Equity Fund |
0.70% |
0.32% |
0.32% |
0.32% |
0.33% |
|
Fund |
First
$1
Billion |
Next
$1
Billion |
Next
$3
Billion |
Next
$5
Billion |
Thereafter |
1290 Essex
Small Cap Growth Fund |
0.750% |
0.700% |
0.675% |
0.650% |
0.625% |
|
Fund |
First
$1
Billion |
Next
$1
Billion |
Next
$3
Billion |
Next
$5
Billion |
Thereafter |
1290 Loomis
Sayles Multi-Asset Income Fund |
0.650% |
0.600% |
0.575% |
0.550% |
0.525% |
|
|
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
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 (the
“Index”)
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
pursues its investment
objective by
investing in a portfolio
of
exchange-traded futures on
Corn,
Soybeans, Wheat, Kansas
City Wheat,
Sugar, Cocoa, Coffee,
Cotton, Live
Cattle, Feeder Cattle,
and Lean Hogs
(“Index
Commodities”).
The Index is
composed of
notional amounts of
each of these
Index Commodities.
The Fund
trades futures contracts
on the Index
Commodities (“Index
Contracts”)
that are subject to
position
limits under regulations of
the CFTC or
futures exchange
rules, as
applicable. Invesco Capital
Management
LLC (“Managing
Owner”) may
determine to invest
in other
futures contracts if at any
time it is
impractical or inefficient
to gain full
or partial exposure to
an Index
Commodity through the
use of Index
Contracts. These
other futures
contracts may or may
not be based
on an Index
Commodity.
When they are not,
the Managing
Owner may seek to
select
futures contracts that it
reasonably
believes tend to exhibit
trading
prices that correlate with
an Index
Contract. As the Fund
approaches or
reaches position
limits with
respect to an Index
Commodity,
the Fund may
commence
investing in Index
Contracts
that reference other
Index
Commodities. In those
circumstances,
the Fund may also
trade in
futures contracts based on
commodities
other than Index
Commodities
that the Managing
Owner
reasonably believes tend to
exhibit
trading prices that correlate
with an Index
Contract. |
• 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 |
The Fund
pursues its investment
objective by
investing in a portfolio
of
exchange-traded futures on
Light Sweet
Crude Oil (WTI), |
• Risks
Related to Investing in Oil
Markets • Market
Risks • Futures
Risks |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
Yield
Diversified
Commodity
Index
Excess
ReturnTM
(the
“Index”)
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. |
Heating
Oil, RBOB Gasoline,
Natural
Gas, Brent Crude, Gold,
Silver,
Aluminum, Zinc, Copper
Grade
A, Corn, Wheat, Soybeans,
and
Sugar (“Index Commodities”).
The
Index is composed of notional
amounts
of each of these Index
Commodities.
The notional
amounts
of the Index Commodities
included
in the Index are broadly
in
proportion to historical levels of
the
world’s production and
supplies
of the Index Commodities.
The
Fund trades futures contracts
on
the Index Commodities (“Index
Contracts”)
that are subject to
position
limits under regulations of
the
CFTC or futures exchange
rules,
as applicable. Invesco Capital
Management
LLC (“Managing
Owner”)
may determine to invest
in
other futures contracts if at any
time
it is impractical or inefficient
to
gain full or partial exposure to
an
Index Commodity through the
use
of Index Contracts. These
other
futures contracts may or may
not
be based on an Index
Commodity.
When they are not,
the
Managing Owner may seek to
select
futures contracts that it
reasonably
believes tend to exhibit
trading
prices that correlate with
an
Index Contract. As the Fund
approaches
or reaches position
limits
with respect to an Index
Commodity,
the Fund may
commence
investing in Index
Contracts
that reference other
Index
Commodities. In those
circumstances,
the Fund may also
trade
in futures contracts based on
commodities
other than Index
Commodities
that the Managing
Owner
reasonably believes tend to
exhibit
trading prices that correlate
with
an Index Contract. |
• 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
(the
“Index”)
over time, plus
the
excess, if any, of the
sum
of the Fund’s
Treasury
Income,
Money
Market Income
and
T-Bill ETF Income, |
The
Fund pursues its investment
objective
by investing in a portfolio
of
exchange-traded futures on
Light,
Sweet Crude Oil (WTI);
Heating
Oil; Brent Crude Oil; RBOB
Gasoline
and Natural Gas (“Index
Commodities”).
The Index is
intended
to reflect the changes in
market
value of the energy sector.
The
Index is composed of the
notional
amount of the underlying
Index
Commodities. The Fund |
• Risks
Related to Investing in Oil
Markets • Market
Risks • Futures
Risk • Index
Risks • Regulatory
Risks • Tax
Risks • General
Risks • Not
a Registered Investment
Company
|
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
over
the expenses of
the
Fund. |
trades
futures contracts on the
Index
Commodities (“Index
Contracts”)
that are subject to
position
limits under regulations of
the
CFTC or futures exchange
rules,
as applicable. Invesco Capital
Management
LLC (“Managing
Owner”)
may determine to invest
in
other futures contracts if at any
time
it is impractical or inefficient
to
gain full or partial exposure to
the
Index Commodities through
the
use of Index Contracts. These
other
futures contracts may or may
not
be based on the Index
Commodities.
When they are not,
the
Managing Owner may seek to
select
futures contracts that it
reasonably
believes tend to exhibit
trading
prices that correlate with
an
Index Contract. As the Fund
approaches
or reaches position
limits
with respect to an Index
Commodity,
the Fund may
commence
investing in Index
Contracts
that reference other
Index
Commodities. In those
circumstances,
the Fund may also
trade
in futures contracts based on
commodities
other than Index
Commodities
that the Managing
Owner
reasonably believes tend to
exhibit
trading prices that correlate
with
an Index Contract. |
|
Invesco
DB Gold Fund |
Seeks
to track changes,
whether
positive or
negative,
in the level of
the
DBIQ Optimum
Yield
Gold Index Excess
Return™
(the “Index”)
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 pursues its investment
objective
by investing in a portfolio
of
exchange-traded futures on
gold
(“Index Commodity”). The
Index
is intended to reflect the
changes
in market value of gold.
The
Index is composed of the
notional
amount of the underlying
Index
Commodity. The Fund trades
futures
contracts on the Index
Commodity
(“Index Contracts”)
that
are subject to position limits
under
regulations of the CFTC or
futures
exchange rules, as
applicable.
Invesco Capital
Management
LLC (“Managing
Owner”)
may determine to invest
in
other futures contracts if at any
time
it is impractical or inefficient
to
gain full or partial exposure to
the
Index Commodity through the
use
of Index Contracts. These
other
futures contracts may or may
not
be based on the Index
Commodity.
When they are not, |
• Market
Risks • Futures
Risk • Index
Risks • Regulatory
Risks • Tax
Risks • General
Risks • Not
a Registered Investment
Company
|
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
|
the
Managing Owner seeks to
select
futures contracts that it
reasonably
believes tend to exhibit
trading
prices that correlate with
an
Index Contract. |
|
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
“Index”) 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 pursues its investment
objective
by investing in a portfolio
of
exchange-traded futures on
gold
and silver (“Index
Commodities”).
The Index is
intended
to reflect the changes in
market
value of the precious
metals
sector. The Index is
composed
of the notional amount
of
the underlying Index
Commodities.
The Fund trades
futures
contracts on the Index
Commodities
(“Index Contracts”)
that
are subject to position limits
under
regulations of the CFTC or
futures
exchange rules, as
applicable.
Invesco Capital
Management
LLC (“Managing
Owner
”) may determine to invest
in
other futures contracts if at any
time
it is impractical or inefficient
to
gain full or partial exposure to
an
Index Commodity through the
use
of Index Contracts. These
other
futures contracts may or may
not
be based on the Index
Commodities.
When they are not,
the
Managing Owner may seek to
select
futures contracts that it
reasonably
believes tend to exhibit
trading
prices that correlate with
an
Index Contract. As the Fund
approaches
or reaches position
limits
with respect to an Index
Commodity,
the Fund may
commence
investing in Index
Contracts
that reference other
Index
Commodities. In those
circumstances,
the Fund may also
trade
in futures contracts based on
commodities
other than Index
Commodities
that the Managing
Owner
reasonably believes tend to
exhibit
trading prices that correlate
with
an Index Contract. |
• Market
Risks • Futures
Risk • Index
Risks • Regulatory
Risks • Tax
Risks • General
Risks • 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, |
• Asset
Class Risk • Authorized
Participant
Concentration
Risk • Cash
Management Risk • Commodity-Linked
Derivatives Risk • Commodity
Regulatory Risk • Commodity
Risk • Concentration
Risk • Counterparty
Risk |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
|
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. Investing in
Commodity-Linked
Investments
may
have a leveraging effect on
the
Fund. The Fund will seek to
gain
exposure to
Commodity-Linked
Investments by
investing
through a wholly-owned
subsidiary
organized in the
Cayman
Islands (the “Subsidiary”).
The
Subsidiary is advised by the
Fund's
adviser and has the same
investment
objective as the Fund.
The
Fund’s adviser uses a “passive”
or
indexing approach to try to
achieve
the Fund’s investment
objective.
The Fund’s adviser uses
a
representative sampling indexing
strategy
to manage the Fund. |
• Credit
Risk • Cybersecurity
Risk • Derivatives
Risk • Energy
Sector Risk • European
Economic Risk • Futures
Contract Risk • Geographic
Risk • Illiquid
Investments Risk • Index-Related
Risk • Infectious
Illness Risk • Interest
Rate Risk • Issuer
Risk • Management
Risk • Market
Risk • Market
Trading Risk • Metals
and Mining Industry Risk • Money
Market Instruments 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 • Structural
Risk • 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
ETF
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
subsidiary, in a
combination
of four 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, |
• 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 • Futures
Contracts Risk • Gap
Risk • Interest
Rate Risk • Investments
in Investment
Companies
Risk • Issuer-Specific
Risk • Leverage
Risk • Liquidity
Risk |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
|
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”). |
• Management
Risk • Market
Risk • Market
Trading Risk • Operational
Risk • Options
Risk • Pooled
Investment Vehicle 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.
In
addition, in seeking to track the
Index,
the Fund may invest in debt
securities
that are not included in
the
Index, cash and cash
equivalents
or money market
instruments,
such as repurchase
agreements
and money market
funds
(including money market
funds
advised by the Fund’s
adviser).
In seeking to track the
Index,
the Fund’s assets may be
concentrated
in an industry or
group
of industries, but only to the
extent
that the Index concentrates
in
a particular industry or group of
industries.
The Index is designed to
represent
the market of U.S.
convertible
securities, such as
convertible
bonds and convertible
preferred
stock. |
• Below
Investment-Grade Securities
Risk • Call/Prepayment
Risk • Convertible
Securities Risk • Credit
Risk • Debt
Securities Risk • Extension
Risk • Fluctuation
of Net Asset Value, Share
Premiums
and Discounts Risk • Income
Risk • Indexing
Strategy/Index Tracking
Risk • Interest
Rate Risk • Liquidity
Risk • Market
Risk • Non-U.S.
Securities Risk • Preferred
Stock Risk • Reinvestment
Risk • Restricted
Securities Risk • Settlement
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
“Underlying
Index”). The
Underlying
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 |
• Agency
Debt Risk • Asset
Class Risk • Authorized
Participant
Concentration
Risk • Calculation
Methodology Risk • Call
Risk • Communication
Services Sector Risk • Concentration
Risk • Consumer
Cyclical Industry Risk • Convertible
Securities Risk • Credit
Risk • Cybersecurity
Risk |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
|
measures
the performance of the
U.S.
dollar-denominated
convertibles
market. The
Underlying
Index is market
capitalization-weighted
and
consists
of only cash pay
convertible
bonds. The Fund will
invest
at least 80% of its assets in
the
component securities of the
Underlying
Index, and the Fund
will
invest at least 90% of its assets
in
fixed income securities of the
types
included in the Underlying
Index
that the Fund’s Adviser
believes
will help the Fund track
the
Underlying Index. 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 Underlying Index as well
as
in fixed income securities other
than
the types included in the
Underlying
Index, but which the
Fund’s
Adviser believes will help
the
Fund track the Underlying
Index.
The Fund seeks to track the
investment
results of the
Underlying
Index before fees and
expenses
of the Fund. The Fund’s
adviser
uses a “passive” or
indexing
approach to try to
achieve
the Fund’s investment
objective.
The Fund’s adviser uses
a
representative sampling indexing
strategy
to manage the Fund. The
Fund
may lend securities
representing
up to one-third of the
value
of the Fund’s total assets
(including
the value of any
collateral
received). |
• High
Yield Securities Risk • Illiquid
Investment Risk • Income
Risk • Index-Related
Risk • 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
its underlying index,
the
IQ Merger Arbitrage
Index
(the “Index”). |
The
Fund employs a “passive
management”
— or indexing —
investment
approach designed to
track
the performance of 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 |
• 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 |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
|
least
80% of its net assets, plus the
amount
of any borrowings for
investment
purposes, in the
investments
included in the Index. |
• 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
“Index”). |
The
Fund is designed to track the
performance
of 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, although
there
are no assurances it will
achieve
this result. A global merger
arbitrage
strategy seeks to 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. |
• Risks
Associated with the Use of
Derivatives • Concentration
and Focused
Investing
Risk • Correlation
Risk • Counterparty
Risk • Early
Close/Late Close/Trading Halt
Risk • Equity
and Market Risk • Foreign
Investments Risk • Index
Performance Risk • Liquidity
Risk • Long/Short
Risk • Market
Price Variance Risk • Non-Diversification
Risk • Portfolio
Turnover Risk • Risks
Related to Foreign Currencies
and
the Fund’s Currency Hedging
Strategy • Risks
Related to the Merger
Arbitrage
Strategy • Short
Sale Exposure Risk • Tax
Risk • Small-
and Mid-Cap Company
Investment
Risk • Valuation
Risk |
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
“Underlying
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 its Underlying Index
and
in investments that have
economic
characteristics that are |
• Asset
Class Risk • Authorized
Participant
Concentration
Risk • Concentration
Risk • Cybersecurity
Risk • Dividend-Paying
Stock Risk • Equity
Securities Risk • Index-Related
Risk • Infectious
Illness Risk • Issuer
Risk • Management
Risk • Market
Risk • Market
Trading Risk • Operational
Risk |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
|
substantially
identical to the
component
securities of its
Underlying
Index (i.e., depositary
receipts
representing securities of
the
Underlying Index) and may
invest
up to 20% of its assets in
certain
futures, options and swap
contracts,
cash and cash
equivalents,
including shares of
money
market funds advised by
the
Fund’s adviser or its affiliates,
as
well as in securities not included
in
the Underlying Index, but which
the
Fund’s adviser believes will help
the
Fund track the Underlying
Index.
The Fund seeks to track the
investment
results of the
Underlying
Index before fees and
expenses
of the Fund. The Fund’s
adviser
uses a “passive” or
indexing
approach to try to
achieve
the Fund’s investment
objective.
The Fund’s adviser uses
a
representative sampling indexing
strategy
to manage the Fund. The
Fund
may lend securities
representing
up to one-third of the
value
of the Fund’s total assets
(including
the value of any
collateral
received). |
• Passive
Investment Risk • Real
Estate Investment 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
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. |
• Industry
Concentration Risk • Investment
Style Risk • Stock
Market Risk • Country/Regional
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 • 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 |
The
Fund invests in financial
instruments
that ProShare Advisors
believes,
in combination, should
track
the performance of the |
• Risks
Associated with the Use of
Derivatives • Correlation
Risk • Counterparty
Risk |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
ProShares
Long
Online/Short
Stores
Index
(the “Index”) |
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. |
• Short
Sale Exposure Risk • Long/Short
Risk • Internet
Companies Risk • Online
Retail Companies Risk • Retailing
Industry Risk • Equity
and Market Risk • Foreign
Investment Risk/Emerging
Markets
Risk • Concentration
and Focused
Investing • Geographic
Concentration Risk • Large-Cap
Company Investment
Risk • Non-Diversification
Risk • Market
Price Variance Risk • Liquidity
Risk • Portfolio
Turnover Risk • Tax
Risk • Valuation
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
man-
aged 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. The resulting Fund
is
designed to provide investors
with
performance that captures a
majority
of the returns associated
with
the S&P 500 Index, while
exposing
investors to lower
volatility
than the S&P 500 Index
and
also providing incremental
income.
The Fund is managed in a
way
that seeks, under normal
circumstances,
to provide monthly
distributions
at a relatively stable
level.
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
|
Managed
Futures | |||
WisdomTree®
Managed
Futures
Strategy Fund |
Seeks
to provide
investors
with positive |
The
Fund is an actively managed
exchange
traded fund (“ETF”) that |
• Futures
Contracts Risk • Commodity
Risk |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
total
returns in rising or
falling
markets. |
seeks
to achieve positive total
returns
in rising or falling markets
that
are not directly correlated to
broad
market equity or fixed
income
returns. 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 may also
invest
up to 5% of its net assets in
bitcoin
futures contracts. The Fund
will
only invest in cash-settled
bitcoin
futures traded on the
Chicago
Mercantile Exchange,
which
is a futures exchange
registered
with the Commodity
Futures
Trading Commission. The
Fund
may also hold financial
futures
contracts on developed
and
emerging markets currencies
as
well as on 10-year U.S. Treasury
notes
and 30-year U.S. Treasury
bonds.
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. |
• 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 • Portfolio
Turnover 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,
which is advised by the
Fund’s
sub-advisor, and will comply
with
the Fund’s investment
objective
and investment policies;
and
(iii) investing directly in select
debt
instruments for cash
management
and other purposes. |
• Managed
Futures Strategy Risk • Futures
Contracts Risk • General
Market Risk; Recent Market
Events
Risk • Derivatives
Risk • Commodities
Risk • Equity
Securities Risk • Currency
Risk • Credit
Risk • ETF
Risk • Leverage
Risk • Debt
Securities and Fixed-Income
Risk • Interest
Rate Risk • Management
Risk |
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
|
The
Fund’s managed futures
strategy
employs long and short
positions
in derivatives, primarily
futures
contracts and forward
contracts,
across the broad asset
classes
of equities, fixed income,
currencies
and, through the
subsidiary,
commodities. Fund
positions
in those contracts are
determined
based on a
proprietary,
quantitative model –
the
Dynamic Beta Engine – that
seeks
to identify the main drivers
of
performance by approximating
the
current asset allocation of a
selected
pool of the largest
commodity
trading advisor hedge
funds
(“CTA hedge funds”), which
are
hedge funds that use futures
or
forward contracts to achieve
their
investment objectives. The
Dynamic
Beta Engine analyzes
recent
(i.e., trailing 60-day)
performance
of CTA hedge funds
in
order to identify a portfolio of
liquid
financial instruments that
closely
reflects the estimated
current
asset allocation of the
selected
pool of CTA hedge funds,
with
the goal of simulating the
performance,
but not the
underlying
positions, of those
funds.
Based on this analysis, the
Fund
will invest in an optimized
portfolio
of long and short
positions
in domestically-traded,
liquid
derivative contracts. |
• 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 US
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 |
• 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
|
ETF |
Investment
Objective |
Principal
Investment
Strategy |
Principal
Investment
Risks |
|
|
contracts
that the Fund’s adviser
believes
will help the Fund track
the
Index. . The Fund seeks to track
the
investment results of the Index
before
fees and expenses of the
Fund.
The Fund’s adviser uses a
“passive”
or indexing approach to
try
to achieve the Fund’s
investment
objective. The Fund’s
adviser
uses a representative
sampling
indexing strategy to
manage
the Fund. The Fund may
lend
securities representing up to
one-third
of the value of the Fund’s
total
assets (including the value of
the
collateral received). |
|
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
proportion
as its weighting in the
Index.
The Fund maintains a
dollar-weighted
average maturity
consistent
with that of the Index. |
• 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 |
|
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
low 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
load or who
have a
long-term
investment
horizon
because there
are
low 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 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
A |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$10.70 |
$10.68 |
$10.34 |
$9.52 |
$10.12 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e) |
0.27 |
0.29 |
0.39 |
0.41** |
0.26 |
Net realized
and unrealized gain (loss) |
(2.41) |
0.44 |
0.43 |
0.80 |
(0.40) |
Total from
investment operations |
(2.14) |
0.73 |
0.82 |
1.21 |
(0.14) |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.23) |
(0.47) |
(0.15) |
(0.39) |
(0.43) |
Distributions
from net realized gains |
— |
(0.22) |
(0.33) |
— |
— |
Return of
capital |
— |
(0.02) |
— |
— |
(0.03) |
Total
dividends and distributions |
(0.23) |
(0.71) |
(0.48) |
(0.39) |
(0.46) |
Net asset
value, end of year |
$8.33 |
$10.70 |
$10.68 |
$10.34 |
$9.52 |
Total
return |
(20.39)% |
6.73% |
8.32% |
12.97% |
(1.44)% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$6,608 |
$8,550 |
$7,796 |
$3,848 |
$190 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
0.75% |
0.75% |
0.75% |
0.75% |
1.05% |
Before
waivers and reimbursements(f) |
1.20% |
1.22% |
1.42% |
1.55% |
1.85% |
Ratio of net
investment income (loss) to average net assets: |
|||||
After waivers
and reimbursements(f) |
2.75% |
2.62% |
3.76%* |
4.00%** |
2.63% |
Before
waivers and reimbursements(f) |
2.31% |
2.15% |
3.09%* |
3.19%** |
1.83% |
Portfolio
turnover rate^ |
244% |
165% |
200% |
194% |
139%*** |
|
Year Ended
October 31, | ||||
Class
I |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$10.72 |
$10.71 |
$10.37 |
$9.53 |
$10.13 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e) |
0.30 |
0.31 |
0.41 |
0.42** |
0.27 |
Net realized
and unrealized gain (loss) |
(2.42) |
0.43 |
0.41 |
0.84 |
(0.38) |
Total from
investment operations |
(2.12) |
0.74 |
0.82 |
1.26 |
(0.11) |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.24) |
(0.49) |
(0.15) |
(0.42) |
(0.46) |
Distributions
from net realized gains |
— |
(0.22) |
(0.33) |
— |
— |
Return of
capital |
— |
(0.02) |
— |
— |
(0.03) |
Total
dividends and distributions |
(0.24) |
(0.73) |
(0.48) |
(0.42) |
(0.49) |
Net asset
value, end of year |
$8.36 |
$10.72 |
$10.71 |
$10.37 |
$9.53 |
Total
return |
(20.18)% |
6.85% |
8.34% |
13.43% |
(1.19)% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$578,149 |
$673,625 |
$169,409 |
$81,249 |
$30,590 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
0.50% |
0.50% |
0.50% |
0.50% |
0.91% |
Before
waivers and reimbursements(f) |
0.95% |
0.96% |
1.17% |
1.34% |
1.54% |
Ratio of net
investment income (loss) to average net assets: |
|||||
After waivers
and reimbursements(f) |
3.04% |
2.79% |
3.95%* |
4.12%** |
2.70% |
Before
waivers and reimbursements(f) |
2.59% |
2.33% |
3.28%* |
3.28%** |
2.06% |
Portfolio
turnover rate^ |
244% |
165% |
200% |
194% |
139%*** |
|
Year Ended
October 31, | ||||
Class
R |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$10.64 |
$10.63 |
$10.34 |
$9.51 |
$10.11 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e) |
0.26 |
0.25 |
0.35* |
0.35** |
0.23 |
Net realized
and unrealized gain (loss) |
(2.42) |
0.45 |
0.41 |
0.85 |
(0.39) |
Total from
investment operations |
(2.16) |
0.70 |
0.76 |
1.20 |
(0.16) |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.21) |
(0.45) |
(0.14) |
(0.37) |
(0.41) |
Distributions
from net realized gains |
— |
(0.22) |
(0.33) |
— |
— |
Return of
capital |
— |
(0.02) |
— |
— |
(0.03) |
Total
dividends and distributions |
(0.21) |
(0.69) |
(0.47) |
(0.37) |
(0.44) |
Net asset
value, end of year |
$8.27 |
$10.64 |
$10.63 |
$10.34 |
$9.51 |
Total
return |
(20.60)% |
6.44% |
7.77% |
12.84% |
(1.69)% |
Ratios/Supplemental
Data: |
|
|
|
|
|
Net assets,
end of year (000’s) |
$1,808 |
$1,264 |
$298 |
$145 |
$96 |
Ratio of
expenses to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.00% |
1.00% |
1.00% |
1.00% |
1.32% |
Before
waivers and reimbursements(f) |
1.46% |
1.47% |
1.67% |
1.88% |
2.09% |
Ratio of net
investment income (loss) to average net assets: |
|||||
After waivers
and reimbursements(f) |
2.68% |
2.24% |
3.43%* |
3.51%** |
2.34% |
Before
waivers and reimbursements(f) |
2.22% |
1.77% |
2.75%* |
2.63%** |
1.57% |
Portfolio
turnover rate^ |
244% |
165% |
200% |
194% |
139%*** |
Class
A |
July 11,
2022* to
October 31,
2022 |
Net asset
value, beginning of period |
$10.00 |
Income
(loss) from investment operations: |
|
Net
investment income (loss)(e)(x) |
(0.02) |
Net realized
and unrealized gain (loss) |
0.57 |
Total from
investment operations |
0.55 |
Net asset
value, end of period |
$10.55 |
Total
return(b) |
5.50% |
Ratios/Supplemental
Data: |
|
Net assets,
end of period (000’s) |
$125 |
Ratio of
expenses to average net assets: |
|
After waivers
and reimbursements(a)(f) |
1.13% |
Before
waivers and reimbursements(a)(f) |
6.32% |
Ratio of net
investment income (loss) to average net assets: |
|
After waivers
and reimbursements(a)(f)(x) |
(0.61)%(l) |
Before
waivers and reimbursements(a)(f)(x) |
(5.80)%(l) |
Portfolio
turnover rate^ |
29%(z) |
Class
I |
July 11,
2022* to
October 31,
2022 |
Net asset
value, beginning of period |
$10.00 |
Income
(loss) from investment operations: |
|
Net
investment income (loss)(e)(x) |
(0.01) |
Net realized
and unrealized gain (loss) |
0.57 |
Total from
investment operations |
0.56 |
Net asset
value, end of period |
$10.56 |
Total
return(b) |
5.60% |
Ratios/Supplemental
Data: |
|
Net assets,
end of period (000’s) |
$10,350 |
Ratio of
expenses to average net assets: |
|
After waivers
and reimbursements(a)(f) |
0.88% |
Before
waivers and reimbursements(a)(f) |
6.03% |
Ratio of net
investment income (loss) to average net assets: |
|
After waivers
and reimbursements(a)(f)(x) |
(0.35)%(l) |
Before
waivers and reimbursements(a)(f)(x) |
(5.50)%(l) |
Portfolio
turnover rate^ |
29%(z) |
Class
R |
July 11,
2022* to
October 31,
2022 |
Net asset
value, beginning of period |
$10.00 |
Income
(loss) from investment operations: |
|
Net
investment income (loss)(e)(x) |
(0.03) |
Net realized
and unrealized gain (loss) |
0.57 |
Total from
investment operations |
0.54 |
Net asset
value, end of period |
$10.54 |
Total return
(b) |
5.40% |
Ratios/Supplemental
Data: |
|
Net assets,
end of period (000’s) |
$105 |
Ratio of
expenses to average net assets: |
|
After waivers
and reimbursements(a)(f) |
1.38% |
Before
waivers and reimbursements(a)(f) |
6.53% |
Ratio of net
investment income (loss) to average net assets: |
|
After waivers
and reimbursements(a)(f)(x) |
(0.85)%(l) |
Before
waivers and reimbursements(a)(f)(x) |
(6.00)%(l) |
Portfolio
turnover rate^ |
29%(z) |
|
Year Ended
October 31, | ||||
Class
A |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$17.19 |
$11.41 |
$12.46 |
$12.33 |
$12.83 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e) |
0.06 |
0.09(2) |
0.04(1) |
0.05 |
0.03 |
Net realized
and unrealized gain (loss) |
(1.82) |
5.73 |
(0.90) |
0.22 |
(0.25) |
Total from
investment operations |
(1.76) |
5.82 |
(0.86) |
0.27 |
(0.22) |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.26) |
(0.04) |
(0.04) |
(0.02) |
(0.03) |
Distributions
from net realized gains |
(0.86) |
— |
(0.15) |
(0.12) |
(0.25) |
Total
dividends and distributions |
(1.12) |
(0.04) |
(0.19) |
(0.14) |
(0.28) |
Net asset
value, end of year |
$14.31 |
$17.19 |
$11.41 |
$12.46 |
$12.33 |
Total
return |
(10.93)% |
51.10% |
(7.04)% |
2.29% |
(1.84)% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$5,134 |
$5,904 |
$3,400 |
$3,896 |
$3,599 |
Ratio of
expenses to average net assets: |
|||||
After
waivers(f) |
1.21%(j) |
1.24%(k) |
1.25%(k) |
1.24%(k) |
1.24%(k) |
Before
waivers(f) |
1.51% |
1.42% |
1.58% |
1.66% |
1.79% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After
waivers(f) |
0.42% |
0.55%(bb) |
0.40%(aa) |
0.39% |
0.26% |
Before
waivers(f) |
0.13% |
0.37%(bb) |
0.07%(aa) |
(0.03)% |
(0.28)% |
Portfolio
turnover rate^ |
27% |
35% |
19% |
37% |
49% |
|
Year Ended
October 31, | ||||
Class
I |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$17.24 |
$11.43 |
$12.49 |
$12.36 |
$12.86 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e) |
0.10 |
0.13(2) |
0.07(1) |
0.08 |
0.07 |
Net realized
and unrealized gain (loss) |
(1.84) |
5.75 |
(0.91) |
0.23 |
(0.26) |
Total from
investment operations |
(1.74) |
5.88 |
(0.84) |
0.31 |
(0.19) |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.29) |
(0.07) |
(0.07) |
(0.06) |
(0.06) |
Distributions
from net realized gains |
(0.86) |
— |
(0.15) |
(0.12) |
(0.25) |
Total
dividends and distributions |
(1.15) |
(0.07) |
(0.22) |
(0.18) |
(0.31) |
Net asset
value, end of year |
$14.35 |
$17.24 |
$11.43 |
$12.49 |
$12.36 |
Total
return |
(10.74)% |
51.57% |
(6.88)% |
2.57% |
(1.60)% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$109,572 |
$145,394 |
$84,537 |
$95,601 |
$86,815 |
Ratio of
expenses to average net assets: |
|||||
After
waivers(f) |
0.96%(j) |
0.99%(k) |
1.00%(k) |
0.99%(k) |
0.99%(k) |
Before
waivers(f) |
1.25% |
1.17% |
1.33% |
1.41% |
1.51% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After
waivers(f) |
0.68% |
0.76%(bb) |
0.64%(aa) |
0.64% |
0.54% |
Before
waivers(f) |
0.40% |
0.59%(bb) |
0.31%(aa) |
0.22% |
0.03% |
Portfolio
turnover rate^ |
27% |
35% |
19% |
37% |
49% |
|
Year Ended
October 31, | ||||
Class
R |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$17.07 |
$11.33 |
$12.38 |
$12.26 |
$12.76 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e) |
0.03 |
0.05(2) |
0.02(1) |
0.02 |
—## |
Net realized
and unrealized gain (loss) |
(1.82) |
5.70 |
(0.91) |
0.22 |
(0.25) |
Total from
investment operations |
(1.79) |
5.75 |
(0.89) |
0.24 |
(0.25) |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.22) |
(0.01) |
(0.01) |
— |
— |
Distributions
from net realized gains |
(0.86) |
— |
(0.15) |
(0.12) |
(0.25) |
Total
dividends and distributions |
(1.08) |
(0.01) |
(0.16) |
(0.12) |
(0.25) |
Net asset
value, end of year |
$14.20 |
$17.07 |
$11.33 |
$12.38 |
$12.26 |
Total
return |
(11.17)% |
50.80% |
(7.31)% |
2.02% |
(2.07)% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$1,022 |
$1,096 |
$685 |
$912 |
$801 |
Ratio of
expenses to average net assets: |
|||||
After
waivers(f) |
1.46%(j) |
1.49%(k) |
1.50%(k) |
1.49%(k) |
1.49%(k) |
Before
waivers(f) |
1.76% |
1.67% |
1.83% |
1.91% |
2.05% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After
waivers(f) |
0.17% |
0.28%(bb) |
0.15%(g) |
0.14% |
0.02% |
Before
waivers(f) |
(0.12)% |
0.11%(bb) |
(0.19)%(g) |
(0.28)% |
(0.54)% |
Portfolio
turnover rate^ |
27% |
35% |
19% |
37% |
49% |
|
Year Ended
October 31, | ||||
Class
T** |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$17.24 |
$11.43 |
$12.49 |
$12.36 |
$12.86 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e) |
0.11 |
0.13(2) |
0.07(1) |
0.08 |
0.07 |
Net realized
and unrealized gain (loss) |
(1.85) |
5.75 |
(0.91) |
0.23 |
(0.26) |
Total from
investment operations |
(1.74) |
5.88 |
(0.84) |
0.31 |
(0.19) |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.29) |
(0.07) |
(0.07) |
(0.06) |
(0.06) |
Distributions
from net realized gains |
(0.86) |
— |
(0.15) |
(0.12) |
(0.25) |
Total
dividends and distributions |
(1.15) |
(0.07) |
(0.22) |
(0.18) |
(0.31) |
Net asset
value, end of year |
$14.35 |
$17.24 |
$11.43 |
$12.49 |
$12.36 |
Total
return |
(10.74)% |
51.57% |
(6.88)% |
2.57% |
(1.60)% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$146 |
$176 |
$116 |
$127 |
$126 |
Ratio of
expenses to average net assets: |
|||||
After
waivers(f) |
0.96%(j) |
0.99%(k) |
1.00%(k) |
0.99%(k) |
0.99%(k) |
Before
waivers(f) |
1.51% |
1.42% |
1.58% |
1.66% |
1.80% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After
waivers(f) |
0.74% |
0.79%(bb) |
0.64%(aa) |
0.64% |
0.50% |
Before
waivers(f) |
0.19% |
0.37%(bb) |
0.06%(aa) |
(0.02)% |
(0.31)% |
Portfolio
turnover rate^ |
27% |
35% |
19% |
37% |
49% |
|
Year Ended
October 31, | ||||
Class
A |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$9.24 |
$9.01 |
$9.06 |
$8.93 |
$9.33 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e) |
0.40 |
0.39 |
0.44 |
0.47 |
0.48 |
Net realized
and unrealized gain (loss) |
(1.27) |
0.26 |
(0.03) |
0.14 |
(0.40) |
Total from
investment operations |
(0.87) |
0.65 |
0.41 |
0.61 |
0.08 |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.40) |
(0.42) |
(0.46) |
(0.47) |
(0.48) |
Return of
capital |
(0.02) |
—# |
— |
(0.01) |
— |
Total
dividends and distributions |
(0.42) |
(0.42) |
(0.46) |
(0.48) |
(0.48) |
Net asset
value, end of year |
$7.95 |
$9.24 |
$9.01 |
$9.06 |
$8.93 |
Total
return |
(9.60)% |
7.27% |
4.72% |
6.97% |
0.86% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$1,844 |
$2,145 |
$2,115 |
$1,623 |
$2,500 |
Ratio of
expenses to average net assets: |
|||||
After waivers
and reimbursements(f) |
1.00% |
1.00% |
1.00% |
1.00% |
1.04% |
Before
waivers and reimbursements(f) |
1.43% |
1.44% |
1.68% |
1.79% |
1.77% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
4.61% |
4.24% |
4.97% |
5.27% |
5.20% |
Before
waivers and reimbursements(f) |
4.18% |
3.80% |
4.29% |
4.48% |
4.47% |
Portfolio
turnover rate^ |
43% |
39% |
59% |
54% |
45% |
|
Year Ended
October 31, | ||||
Class
I |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$9.25 |
$9.01 |
$9.06 |
$8.94 |
$9.34 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e) |
0.42 |
0.42 |
0.47 |
0.50 |
0.50 |
Net realized
and unrealized gain (loss) |
(1.28) |
0.26 |
(0.04) |
0.12 |
(0.40) |
Total from
investment operations |
(0.86) |
0.68 |
0.43 |
0.62 |
0.10 |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.42) |
(0.44) |
(0.48) |
(0.49) |
(0.50) |
Return of
capital |
(0.02) |
—# |
— |
(0.01) |
— |
Total
dividends and distributions |
(0.44) |
(0.44) |
(0.48) |
(0.50) |
(0.50) |
Net asset
value, end of year |
$7.95 |
$9.25 |
$9.01 |
$9.06 |
$8.94 |
Total
return |
(9.47)% |
7.65% |
4.98% |
7.12% |
1.09% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$53,821 |
$66,473 |
$42,159 |
$35,453 |
$30,386 |
Ratio of
expenses to average net assets: |
|||||
After waivers
and reimbursements(f) |
0.75% |
0.75% |
0.75% |
0.75% |
0.80% |
Before
waivers and reimbursements(f) |
1.18% |
1.18% |
1.43% |
1.53% |
1.52% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
4.84% |
4.47% |
5.22% |
5.50% |
5.47% |
Before
waivers and reimbursements(f) |
4.42% |
4.04% |
4.54% |
4.71% |
4.74% |
Portfolio
turnover rate^ |
43% |
39% |
59% |
54% |
45% |
|
Year Ended
October 31, | ||||
Class
R |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$9.23 |
$9.00 |
$9.05 |
$8.93 |
$9.33 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e) |
0.37 |
0.37 |
0.42 |
0.45 |
0.45 |
Net realized
and unrealized gain (loss) |
(1.25) |
0.25 |
(0.03) |
0.13 |
(0.39) |
Total from
investment operations |
(0.88) |
0.62 |
0.39 |
0.58 |
0.06 |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.38) |
(0.39) |
(0.44) |
(0.45) |
(0.46) |
Return of
capital |
(0.02) |
—# |
— |
(0.01) |
— |
Total
dividends and distributions |
(0.40) |
(0.39) |
(0.44) |
(0.46) |
(0.46) |
Net asset
value, end of year |
$7.95 |
$9.23 |
$9.00 |
$9.05 |
$8.93 |
Total
return |
(9.72)% |
7.01% |
4.46% |
6.59% |
0.63% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$375 |
$708 |
$638 |
$307 |
$287 |
Ratio of
expenses to average net assets: |
|||||
After waivers
and reimbursements(f) |
1.25% |
1.25% |
1.25% |
1.25% |
1.30% |
Before
waivers and reimbursements(f) |
1.67% |
1.69% |
1.92% |
2.03% |
2.02% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
4.29% |
3.98% |
4.69% |
5.00% |
4.96% |
Before
waivers and reimbursements(f) |
3.87% |
3.54% |
4.01% |
4.22% |
4.23% |
Portfolio
turnover rate^ |
43% |
39% |
59% |
54% |
45% |
|
Year Ended
October 31, | ||||
Class
T** |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$9.24 |
$9.01 |
$9.06 |
$8.93 |
$9.33 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e) |
0.42 |
0.42 |
0.47 |
0.50 |
0.50 |
Net realized
and unrealized gain (loss) |
(1.27) |
0.25 |
(0.04) |
0.13 |
(0.40) |
Total from
investment operations |
(0.85) |
0.67 |
0.43 |
0.63 |
0.10 |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.42) |
(0.44) |
(0.48) |
(0.49) |
(0.50) |
Return of
capital |
(0.02) |
—# |
— |
(0.01) |
— |
Total
dividends and distributions |
(0.44) |
(0.44) |
(0.48) |
(0.50) |
(0.50) |
Net asset
value, end of year |
$7.95 |
$9.24 |
$9.01 |
$9.06 |
$8.93 |
Total
return |
(9.37)% |
7.53% |
4.98% |
7.24% |
1.09% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$113 |
$131 |
$128 |
$129 |
$127 |
Ratio of
expenses to average net assets: |
|||||
After waivers
and reimbursements(f) |
0.75% |
0.75% |
0.75% |
0.75% |
0.80% |
Before
waivers and reimbursements(f) |
1.43% |
1.44% |
1.68% |
1.78% |
1.77% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
4.86% |
4.49% |
5.23% |
5.50% |
5.46% |
Before
waivers and reimbursements(f) |
4.18% |
3.80% |
4.30% |
4.47% |
4.49% |
Portfolio
turnover rate^ |
43% |
39% |
59% |
54% |
45% |
|
Year Ended
October 31, | ||||
Class
A |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$12.54 |
$11.47 |
$11.23 |
$10.61 |
$11.25 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e)(x) |
0.16 |
0.07 |
0.12 |
0.18 |
0.15 |
Net realized
and unrealized gain (loss) |
(1.46) |
1.91 |
0.70 |
0.91 |
(0.01) |
Total from
investment operations |
(1.30) |
1.98 |
0.82 |
1.09 |
0.14 |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.24) |
(0.12) |
(0.18) |
(0.17) |
(0.13) |
Distributions
from net realized gains |
(1.06) |
(0.79) |
(0.40) |
(0.30) |
(0.65) |
Total
dividends and distributions |
(1.30) |
(0.91) |
(0.58) |
(0.47) |
(0.78) |
Net asset
value, end of year |
$9.94 |
$12.54 |
$11.47 |
$11.23 |
$10.61 |
Total
return |
(11.35)% |
18.12% |
7.64% |
10.73% |
1.19% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$4,469 |
$5,104 |
$3,520 |
$2,081 |
$2,440 |
Ratio of
expenses to average net assets: |
|||||
After
waivers(f) |
1.14%(j) |
1.16%(k) |
1.16%(k) |
1.15%(k) |
1.20%(m) |
Before
waivers(f) |
1.68% |
1.48% |
1.61% |
1.67% |
1.66% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After
waivers(f)(x) |
1.52% |
0.59% |
1.05% |
1.70% |
1.39% |
Before
waivers(f)(x) |
0.98% |
0.28% |
0.60% |
1.19% |
0.93% |
Portfolio
turnover rate^ |
255%* |
106% |
131% |
63% |
79% |
|
Year Ended
October 31, | ||||
Class
I |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$12.57 |
$11.49 |
$11.25 |
$10.63 |
$11.27 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e)(x) |
0.18 |
0.10 |
0.15 |
0.21 |
0.18 |
Net realized
and unrealized gain (loss) |
(1.45) |
1.92 |
0.70 |
0.91 |
(0.01) |
Total from
investment operations |
(1.27) |
2.02 |
0.85 |
1.12 |
0.17 |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.29) |
(0.15) |
(0.21) |
(0.20) |
(0.16) |
Distributions
from net realized gains |
(1.06) |
(0.79) |
(0.40) |
(0.30) |
(0.65) |
Total
dividends and distributions |
(1.35) |
(0.94) |
(0.61) |
(0.50) |
(0.81) |
Net asset
value, end of year |
$9.95 |
$12.57 |
$11.49 |
$11.25 |
$10.63 |
Total
return |
(11.10)% |
18.47% |
7.89% |
11.00% |
1.44% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$46,354 |
$70,007 |
$62,303 |
$59,997 |
$57,126 |
Ratio of
expenses to average net assets: |
|||||
After
waivers(f) |
0.89%(j) |
0.91%(k) |
0.91%(k) |
0.90%(k) |
0.95%(m) |
Before
waivers(f) |
1.40% |
1.23% |
1.36% |
1.42% |
1.41% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After
waivers(f)(x) |
1.66% |
0.85% |
1.35% |
1.95% |
1.62% |
Before
waivers(f)(x) |
1.15% |
0.53% |
0.89% |
1.43% |
1.16% |
Portfolio
turnover rate^ |
255%* |
106% |
131% |
63% |
79% |
|
Year Ended
October 31, | ||||
Class
R |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$12.51 |
$11.44 |
$11.21 |
$10.59 |
$11.23 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e)(x) |
0.13 |
0.04 |
0.09 |
0.15 |
0.12 |
Net realized
and unrealized gain (loss) |
(1.45) |
1.92 |
0.70 |
0.91 |
(0.01) |
Total from
investment operations |
(1.32) |
1.96 |
0.79 |
1.06 |
0.11 |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.19) |
(0.10) |
(0.16) |
(0.14) |
(0.10) |
Distributions
from net realized gains |
(1.06) |
(0.79) |
(0.40) |
(0.30) |
(0.65) |
Total
dividends and distributions |
(1.25) |
(0.89) |
(0.56) |
(0.44) |
(0.75) |
Net asset
value, end of year |
$9.94 |
$12.51 |
$11.44 |
$11.21 |
$10.59 |
Total
return |
(11.52)% |
17.87% |
7.30% |
10.46% |
0.93% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$168 |
$199 |
$179 |
$168 |
$156 |
Ratio of
expenses to average net assets: |
|||||
After
waivers(f) |
1.39%(j) |
1.41%(k) |
1.41%(k) |
1.40%(k) |
1.45%(m) |
Before
waivers(f) |
1.93% |
1.73% |
1.86% |
1.92% |
1.91% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After
waivers(f)(x) |
1.26% |
0.35% |
0.84% |
1.44% |
1.13% |
Before
waivers(f)(x) |
0.72% |
0.03% |
0.39% |
0.93% |
0.67% |
Portfolio
turnover rate^ |
255%* |
106% |
131% |
63% |
79% |
|
Year Ended
October 31, | ||||
Class
A |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$11.27 |
$9.92 |
$10.32 |
$10.02 |
$10.21 |
Income
(loss) from investment operations:
|
|||||
Net
investment income (loss)(e)(x) |
0.15 |
0.26 |
0.10 |
0.11 |
0.04 |
Net realized
and unrealized gain (loss) |
(1.65) |
1.15 |
(0.30) |
0.28 |
(0.19) |
Total from
investment operations |
(1.50) |
1.41 |
(0.20) |
0.39 |
(0.15) |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.16) |
(0.06) |
(0.20) |
(0.04) |
— |
Distributions
from net realized gains |
(0.87) |
— |
— |
(0.05) |
(0.04) |
Total
dividends and distributions |
(1.03) |
(0.06) |
(0.20) |
(0.09) |
(0.04) |
Net asset
value, end of year |
$8.74 |
$11.27 |
$9.92 |
$10.32 |
$10.02 |
Total
return |
(14.28)% |
14.24% |
(2.01)% |
3.98% |
(1.49)% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$440 |
$670 |
$556 |
$627 |
$827 |
Ratio of
expenses to average net assets: |
|||||
After waivers
and reimbursements(f) |
1.10% |
1.13%(j) |
1.06%***(k) |
1.07%**(m) |
1.03%(n) |
Before
waivers and reimbursements(f) |
1.86% |
1.78% |
1.97% |
1.89% |
1.79% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.55% |
2.34%(x) |
1.03%(x) |
1.12%(x) |
0.39%(x) |
Before
waivers and reimbursements(f) |
0.79% |
1.69%(x) |
0.12%(x) |
0.30%(x) |
(0.37)%(x) |
Portfolio
turnover rate^ |
26% |
66% |
15% |
8% |
5% |
Class
I |
Year Ended
October 31, | ||||
2022 |
2021 |
2020 |
2019 |
2018 | |
Net asset
value, beginning of year |
$11.29 |
$9.94 |
$10.34 |
$10.04 |
$10.23 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e)(x) |
0.17 |
0.27 |
0.13 |
0.13 |
0.07 |
Net realized
and unrealized gain (loss) |
(1.64) |
1.16 |
(0.31) |
0.29 |
(0.20) |
Total from
investment operations |
(1.47) |
1.43 |
(0.18) |
0.42 |
(0.13) |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.19) |
(0.08) |
(0.22) |
(0.07) |
(0.02) |
Distributions
from net realized gains |
(0.87) |
— |
— |
(0.05) |
(0.04) |
Total
dividends and distributions |
(1.06) |
(0.08) |
(0.22) |
(0.12) |
(0.06) |
Net asset
value, end of year |
$8.76 |
$11.29 |
$9.94 |
$10.34 |
$10.04 |
Total
return |
(14.04)% |
14.48% |
(1.76)% |
4.25% |
(1.25)% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$12,070 |
$16,054 |
$13,776 |
$17,783 |
$18,151 |
Ratio of
expenses to average net assets: |
|||||
After waivers
and reimbursements(f) |
0.85% |
0.88%(j) |
0.81%***(k) |
0.82%**(m) |
0.78%(n) |
Before
waivers and reimbursements(f) |
1.61% |
1.53% |
1.71% |
1.63% |
1.54% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.75% |
2.45%(x) |
1.36%(x) |
1.32%(x) |
0.66%(x) |
Before
waivers and reimbursements(f) |
0.99% |
1.80%(x) |
0.46%(x) |
0.50%(x) |
(0.11)%(x) |
Portfolio
turnover rate^ |
26% |
66% |
15% |
8% |
5% |
Class
R |
Year Ended
October 31, | ||||
2022 |
2021 |
2020 |
2019 |
2018 | |
Net asset
value, beginning of year |
$11.21 |
$9.87 |
$10.27 |
$9.97 |
$10.19 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e)(x) |
0.12 |
0.21 |
0.06 |
0.08 |
0.03 |
Net realized
and unrealized gain (loss) |
(1.62) |
1.16 |
(0.29) |
0.29 |
(0.21) |
Total from
investment operations |
(1.50) |
1.37 |
(0.23) |
0.37 |
(0.18) |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.14) |
(0.03) |
(0.17) |
(0.02) |
— |
Distributions
from net realized gains |
(0.87) |
— |
— |
(0.05) |
(0.04) |
Total
dividends and distributions |
(1.01) |
(0.03) |
(0.17) |
(0.07) |
(0.04) |
Net asset
value, end of year |
$8.70 |
$11.21 |
$9.87 |
$10.27 |
$9.97 |
Total
return |
(14.39)% |
13.95% |
(2.27)% |
3.74% |
(1.79)% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$131 |
$187 |
$136 |
$116 |
$105 |
Ratio of
expenses to average net assets: |
|||||
After waivers
and reimbursements(f) |
1.35% |
1.38%(j) |
1.31%***(k) |
1.32%**(m) |
1.26%(n) |
Before
waivers and reimbursements(f) |
2.11% |
2.03% |
2.23% |
2.13% |
2.02% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.25% |
1.96%(x) |
0.65%(x) |
0.78%(x) |
0.27%(x) |
Before
waivers and reimbursements(f) |
0.48% |
1.31%(x) |
(0.26)%(x) |
(0.04)%(x) |
(0.49)%(x) |
Portfolio
turnover rate^ |
26% |
66% |
15% |
8% |
5% |
|
Year Ended
October 31, | ||||
Class
A |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$17.61 |
$13.34 |
$13.34 |
$12.09 |
$12.23 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e) |
0.15 |
0.14 |
0.14 |
0.15 |
0.15 |
Net realized
and unrealized gain (loss) |
(2.37) |
4.29 |
0.14 |
1.67 |
0.06 |
Total from
investment operations |
(2.22) |
4.43 |
0.28 |
1.82 |
0.21 |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.13) |
(0.08) |
(0.13) |
(0.14) |
(0.15) |
Distributions
from net realized gains |
(1.11) |
(0.08) |
(0.15) |
(0.43) |
(0.20) |
Total
dividends and distributions |
(1.24) |
(0.16) |
(0.28) |
(0.57) |
(0.35) |
Net asset
value, end of year |
$14.15 |
$17.61 |
$13.34 |
$13.34 |
$12.09 |
Total
return |
(13.73)% |
33.49% |
2.07% |
15.81% |
1.64% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$4,888 |
$4,978 |
$3,278 |
$2,014 |
$1,123 |
Ratio of
expenses to average net assets: |
|||||
After waivers
and reimbursements(f) |
1.10% |
1.10% |
1.14% |
1.15% |
1.15% |
Before
waivers and reimbursements(f) |
1.42% |
1.48% |
1.83% |
2.26% |
2.42% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
0.96% |
0.89% |
1.04% |
1.19% |
1.21% |
Before
waivers and reimbursements(f) |
0.64% |
0.51% |
0.35% |
0.08% |
(0.06)% |
Portfolio
turnover rate ^ |
38% |
59% |
42% |
31% |
49% |
|
Year Ended
October 31, | ||||
Class
I |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$17.66 |
$13.37 |
$13.37 |
$12.11 |
$12.25 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e) |
0.19 |
0.19 |
0.17 |
0.19 |
0.18 |
Net realized
and unrealized gain (loss) |
(2.38) |
4.29 |
0.14 |
1.67 |
0.06 |
Total from
investment operations |
(2.19) |
4.48 |
0.31 |
1.86 |
0.24 |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.17) |
(0.11) |
(0.16) |
(0.17) |
(0.18) |
Distributions
from net realized gains |
(1.11) |
(0.08) |
(0.15) |
(0.43) |
(0.20) |
Total
dividends and distributions |
(1.28) |
(0.19) |
(0.31) |
(0.60) |
(0.38) |
Net asset
value, end of year |
$14.19 |
$17.66 |
$13.37 |
$13.37 |
$12.11 |
Total
return |
(13.56)% |
33.87% |
2.30% |
16.16% |
1.86% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$150,789 |
$124,320 |
$46,777 |
$23,959 |
$16,340 |
Ratio of
expenses to average net assets: |
|||||
After waivers
and reimbursements(f) |
0.85% |
0.85% |
0.89% |
0.90% |
0.90% |
Before
waivers and reimbursements(f) |
1.17% |
1.23% |
1.58% |
2.02% |
2.16% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.23% |
1.16% |
1.27% |
1.49% |
1.47% |
Before
waivers and reimbursements(f) |
0.90% |
0.78% |
0.58% |
0.37% |
0.21% |
Portfolio
turnover rate ^ |
38% |
59% |
42% |
31% |
49% |
|
Year Ended
October 31, | ||||
Class
R |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$17.56 |
$13.30 |
$13.31 |
$12.06 |
$12.20 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e) |
0.11 |
0.10 |
0.10 |
0.12 |
0.12 |
Net realized
and unrealized gain (loss) |
(2.37) |
4.29 |
0.14 |
1.67 |
0.06 |
Total from
investment operations |
(2.26) |
4.39 |
0.24 |
1.79 |
0.18 |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.09) |
(0.05) |
(0.10) |
(0.11) |
(0.12) |
Distributions
from net realized gains |
(1.11) |
(0.08) |
(0.15) |
(0.43) |
(0.20) |
Total
dividends and distributions |
(1.20) |
(0.13) |
(0.25) |
(0.54) |
(0.32) |
Net asset
value, end of year |
$14.10 |
$17.56 |
$13.30 |
$13.31 |
$12.06 |
Total
return |
(13.97)% |
33.21% |
1.75% |
15.55% |
1.39% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$1,381 |
$936 |
$236 |
$151 |
$136 |
Ratio of
expenses to average net assets: |
|||||
After waivers
and reimbursements(f) |
1.35% |
1.35% |
1.39% |
1.40% |
1.40% |
Before
waivers and reimbursements(f) |
1.68% |
1.73% |
2.09% |
2.52% |
2.66% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
0.72% |
0.64% |
0.77% |
1.00% |
0.98% |
Before
waivers and reimbursements(f) |
0.40% |
0.26% |
0.07% |
(0.12)% |
(0.29)% |
Portfolio
turnover rate ^ |
38% |
59% |
42% |
31% |
49% |
|
Year Ended
October 31, | ||||
Class
T** |
2022 |
2021 |
2020 |
2019 |
2018 |
Net asset
value, beginning of year |
$17.65 |
$13.37 |
$13.37 |
$12.11 |
$12.25 |
Income
(loss) from investment operations: |
|||||
Net
investment income (loss)(e) |
0.18 |
0.18 |
0.17 |
0.19 |
0.18 |
Net realized
and unrealized gain (loss) |
(2.36) |
4.29 |
0.14 |
1.67 |
0.06 |
Total from
investment operations |
(2.18) |
4.47 |
0.31 |
1.86 |
0.24 |
Less
distributions: |
|||||
Dividends
from net investment income |
(0.17) |
(0.11) |
(0.16) |
(0.17) |
(0.18) |
Distributions
from net realized gains |
(1.11) |
(0.08) |
(0.15) |
(0.43) |
(0.20) |
Total
dividends and distributions |
(1.28) |
(0.19) |
(0.31) |
(0.60) |
(0.38) |
Net asset
value, end of year |
$14.19 |
$17.65 |
$13.37 |
$13.37 |
$12.11 |
Total
return |
(13.51)% |
33.79% |
2.30% |
16.16% |
1.86% |
Ratios/Supplemental
Data: |
|||||
Net assets,
end of year (000’s) |
$147 |
$182 |
$138 |
$138 |
$125 |
Ratio of
expenses to average net assets: |
|||||
After waivers
and reimbursements(f) |
0.85% |
0.85% |
0.90% |
0.90% |
0.90% |
Before
waivers and reimbursements(f) |
1.42% |
1.48% |
1.84% |
2.27% |
2.41% |
Ratio of net
investment income (loss) to average net assets: |
|
|
|
|
|
After waivers
and reimbursements(f) |
1.20% |
1.14% |
1.28% |
1.50% |
1.47% |
Before
waivers and reimbursements(f) |
0.63% |
0.50% |
0.33% |
0.13% |
(0.04)% |
Portfolio
turnover rate^ |
38% |
59% |
42% |
31% |
49% |