|
Class
A
Shares
Ticker |
Class
C
Shares
Ticker |
Class
S
Shares
Ticker |
Class
I
Shares
Ticker |
Class
T
Shares
Ticker |
Multi-Asset |
|
|
|
|
|
Janus
Henderson Global Allocation Fund – Conservative
|
JCAAX |
JCACX |
JCASX |
JCAIX |
JSPCX |
Janus
Henderson Global Allocation Fund – Moderate
|
JMOAX |
JMOCX |
JMOSX |
JMOIX |
JSPMX |
Janus
Henderson Global Allocation Fund – Growth
|
JGCAX |
JGCCX |
JGCSX |
JGCIX |
JSPGX |
Ticker: |
JCAAX |
Class
A Shares |
JCASX |
Class
S Shares |
JSPCX |
Class
T Shares |
|
JCACX |
Class
C Shares |
JCAIX |
Class
I Shares |
|
|
|
|
SHAREHOLDER
FEES
(fees
paid directly from your investment) |
|
Class
A |
|
Class
C |
|
Class
S |
|
Class
I |
|
Class
T |
Maximum
Sales Charge (load) Imposed on Purchases (as a percentage of offering
price) |
|
5.75% |
|
None |
|
None |
|
None |
|
None |
Maximum
Deferred Sales Charge (load) (as a percentage of the lower of original
purchase
price or redemption proceeds) |
|
None |
|
1.00% |
|
None |
|
None |
|
None |
ANNUAL
FUND OPERATING EXPENSES
(expenses
that you pay each year as a percentage of the value of your
investment) |
|
Class
A |
|
Class
C |
|
Class
S |
|
Class
I |
|
Class
T |
Management
Fees |
|
0.05% |
|
0.05% |
|
0.05% |
|
0.05% |
|
0.05% |
Distribution/Service
(12b-1) Fees |
|
0.25% |
|
1.00% |
|
0.25% |
|
None |
|
None |
Other
Expenses |
|
0.21% |
|
0.21% |
|
0.38% |
|
0.24% |
|
0.37% |
Acquired
Fund(1)
Fees and Expenses |
|
0.47% |
|
0.47% |
|
0.47% |
|
0.47% |
|
0.47% |
Total
Annual Fund Operating Expenses |
|
0.98% |
|
1.73% |
|
1.15% |
|
0.76% |
|
0.89% |
Fee
Waiver and/or Expense Reimbursement(2) |
|
0.03% |
|
0.02% |
|
0.02% |
|
0.03% |
|
0.03% |
Total
Annual Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement(2) |
|
0.95% |
|
1.71% |
|
1.13% |
|
0.73% |
|
0.86% |
If
Shares are redeemed: |
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$ |
$ |
$ |
$ |
Class
C Shares |
$ |
$ |
$ |
$ |
Class
S Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
T Shares |
$ |
$ |
$ |
$ |
If
Shares are not redeemed: |
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$ |
$ |
$ |
$ |
Class
C Shares |
$ |
$ |
$ |
$ |
Class
S Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
T Shares |
$ |
$ |
$ |
$ |
|
|
|
Annual
Total Returns for Class T Shares
(calendar year-end) |
|
|
|
|
|
|
|
Average
Annual Total Returns
(periods ended 12/31/23) |
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Since
Inception
(12/30/05) |
Class
T Shares |
|
|
|
|
Return
Before Taxes |
9.51% |
3.83% |
3.00% |
4.85% |
Return
After Taxes on Distributions |
8.92% |
2.54% |
1.74% |
3.62% |
Return
After Taxes on Distributions and Sale of Fund Shares(1)
|
5.76% |
2.79% |
2.10% |
3.59% |
Bloomberg
Global Aggregate Bond Index
(reflects
no deduction for expenses, fees, or taxes) |
5.72% |
– 0.32% |
0.38% |
2.42% |
Global
Conservative Allocation Index
(reflects
no deduction for expenses, fees, or taxes, except any applicable foreign
withholding
taxes) |
12.13% |
4.60% |
3.54% |
4.48% |
Class
A Shares |
|
|
|
|
Return
Before Taxes(2)
|
3.05% |
2.49% |
2.25% |
4.35% |
Bloomberg
Global Aggregate Bond Index
(reflects
no deduction for expenses, fees, or taxes) |
5.72% |
– 0.32% |
0.38% |
2.42% |
Global
Conservative Allocation Index
(reflects
no deduction for expenses, fees, or taxes, except any applicable foreign
withholding
taxes) |
12.13% |
4.60% |
3.54% |
4.48%
|
Average
Annual Total Returns
(periods ended 12/31/23) |
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Since
Inception
(12/30/05) |
Class
C Shares |
|
|
|
|
Return
Before Taxes(3)
|
7.62% |
2.99% |
2.22% |
3.99% |
Bloomberg
Global Aggregate Bond Index
(reflects
no deduction for expenses, fees, or taxes) |
5.72% |
– 0.32% |
0.38% |
2.42% |
Global
Conservative Allocation Index
(reflects
no deduction for expenses, fees, or taxes, except any applicable foreign
withholding
taxes) |
12.13% |
4.60% |
3.54% |
4.48% |
Class
S Shares |
|
|
|
|
Return
Before Taxes |
9.28% |
3.52% |
2.69% |
4.49% |
Bloomberg
Global Aggregate Bond Index
(reflects
no deduction for expenses, fees, or taxes) |
5.72% |
– 0.32% |
0.38% |
2.42% |
Global
Conservative Allocation Index
(reflects
no deduction for expenses, fees, or taxes, except any applicable foreign
withholding
taxes) |
12.13% |
4.60% |
3.54% |
4.48% |
Class
I Shares |
|
|
|
|
Return
Before Taxes |
9.69% |
3.97% |
3.13% |
4.96% |
Bloomberg
Global Aggregate Bond Index
(reflects
no deduction for expenses, fees, or taxes) |
5.72% |
– 0.32% |
0.38% |
2.42% |
Global
Conservative Allocation Index
(reflects
no deduction for expenses, fees, or taxes, except any applicable foreign
withholding
taxes) |
12.13% |
4.60% |
3.54% |
4.48% |
Management |
Purchase
and sale of Fund shares |
Class
A Shares, Class C Shares*,
Class S Shares, and Class T Shares |
|
Non-retirement
accounts |
$2,500** |
Certain
tax-deferred accounts or UGMA/UTMA accounts |
$500 |
Class
I Shares |
|
Through
an intermediary institution |
|
• non-retirement
accounts |
$2,500
† |
• certain
tax-deferred accounts or UGMA/UTMA accounts |
$500
† |
Tax
information |
Payments
to broker-dealers and other financial
intermediaries |
Ticker: |
JMOAX |
Class
A Shares |
JMOSX |
Class
S Shares |
JSPMX |
Class
T Shares |
|
JMOCX |
Class
C Shares |
JMOIX |
Class
I Shares |
|
|
|
|
SHAREHOLDER
FEES
(fees
paid directly from your investment) |
|
Class
A |
|
Class
C |
|
Class
S |
|
Class
I |
|
Class
T |
Maximum
Sales Charge (load) Imposed on Purchases (as a percentage of offering
price) |
|
5.75% |
|
None |
|
None |
|
None |
|
None |
Maximum
Deferred Sales Charge (load) (as a percentage of the lower of original
purchase
price or redemption proceeds) |
|
None |
|
1.00% |
|
None |
|
None |
|
None |
ANNUAL
FUND OPERATING EXPENSES
(expenses
that you pay each year as a percentage of the value of your
investment) |
|
Class
A |
|
Class
C |
|
Class
S |
|
Class
I |
|
Class
T |
Management
Fees |
|
0.05% |
|
0.05% |
|
0.05% |
|
0.05% |
|
0.05% |
Distribution/Service
(12b-1) Fees |
|
0.25% |
|
1.00% |
|
0.25% |
|
None |
|
None |
Other
Expenses |
|
0.15% |
|
0.19% |
|
0.35% |
|
0.19% |
|
0.34% |
Acquired
Fund(1)
Fees and Expenses |
|
0.51% |
|
0.51% |
|
0.51% |
|
0.51% |
|
0.51% |
Total
Annual Fund Operating Expenses |
|
0.96% |
|
1.75% |
|
1.16% |
|
0.75% |
|
0.90% |
Fee
Waiver and/or Expense Reimbursement(2) |
|
0.01% |
|
0.01% |
|
0.03% |
|
0.02% |
|
0.02% |
Total
Annual Fund Operating Expenses After Fee Waiver and/or Expense
Reimbursement(2) |
|
0.95% |
|
1.74% |
|
1.13% |
|
0.73% |
|
0.88% |
If
Shares are redeemed: |
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$ |
$ |
$ |
$ |
Class
C Shares |
$ |
$ |
$ |
$ |
Class
S Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
T Shares |
$ |
$ |
$ |
$ |
If
Shares are not redeemed: |
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$ |
$ |
$ |
$ |
Class
C Shares |
$ |
$ |
$ |
$ |
Class
S Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
T Shares |
$ |
$ |
$ |
$ |
|
|
|
Annual
Total Returns for Class T Shares
(calendar year-end) |
|
|
|
|
|
|
|
Average
Annual Total Returns
(periods ended 12/31/23) |
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Since
Inception
(12/30/05) |
Class
T Shares |
|
|
|
|
Return
Before Taxes |
11.66% |
5.47% |
3.94% |
5.49% |
Return
After Taxes on Distributions |
11.20% |
4.03% |
2.53% |
4.26% |
Return
After Taxes on Distributions and Sale of Fund Shares(1)
|
7.09% |
4.12% |
2.86% |
4.19% |
MSCI
All Country World Indexsm
(reflects
no deduction for expenses, fees, or taxes, except foreign withholding
taxes) |
22.20% |
11.72% |
7.93% |
6.95% |
Global
Moderate Allocation Index
(reflects
no deduction for expenses, fees, or taxes, except any applicable foreign
withholding
taxes) |
15.43% |
7.01% |
5.05% |
5.39%
|
Average
Annual Total Returns
(periods ended 12/31/23) |
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Since
Inception
(12/30/05) |
Class
A Shares |
|
|
|
|
Return
Before Taxes(2)
|
5.05% |
4.12% |
3.20% |
5.01% |
MSCI
All Country World Indexsm
(reflects
no deduction for expenses, fees, or taxes, except foreign withholding
taxes) |
22.20% |
11.72% |
7.93% |
6.95% |
Global
Moderate Allocation Index
(reflects
no deduction for expenses, fees, or taxes, except any applicable foreign
withholding
taxes) |
15.43% |
7.01% |
5.05% |
5.39% |
Class
C Shares |
|
|
|
|
Return
Before Taxes(3)
|
9.74% |
4.59% |
3.12% |
4.61% |
MSCI
All Country World Indexsm
(reflects
no deduction for expenses, fees, or taxes, except foreign withholding
taxes) |
22.20% |
11.72% |
7.93% |
6.95% |
Global
Moderate Allocation Index
(reflects
no deduction for expenses, fees, or taxes, except any applicable foreign
withholding
taxes) |
15.43% |
7.01% |
5.05% |
5.39% |
Class
S Shares |
|
|
|
|
Return
Before Taxes |
11.32% |
5.16% |
3.64% |
5.15% |
MSCI
All Country World Indexsm
(reflects
no deduction for expenses, fees, or taxes, except foreign withholding
taxes) |
22.20% |
11.72% |
7.93% |
6.95% |
Global
Moderate Allocation Index
(reflects
no deduction for expenses, fees, or taxes, except any applicable foreign
withholding
taxes) |
15.43% |
7.01% |
5.05% |
5.39% |
Class
I Shares |
|
|
|
|
Return
Before Taxes |
11.64% |
5.58% |
4.04% |
5.59% |
MSCI
All Country World Indexsm
(reflects
no deduction for expenses, fees, or taxes, except foreign withholding
taxes) |
22.20% |
11.72% |
7.93% |
6.95% |
Global
Moderate Allocation Index
(reflects
no deduction for expenses, fees, or taxes, except any applicable foreign
withholding
taxes) |
15.43% |
7.01% |
5.05% |
5.39% |
Management |
Purchase
and sale of Fund shares |
Class
A Shares, Class C Shares*,
Class S Shares, and Class T Shares |
|
Non-retirement
accounts |
$2,500** |
Certain
tax-deferred accounts or UGMA/UTMA accounts |
$500 |
Class
I Shares |
|
Through
an intermediary institution |
|
• non-retirement
accounts |
$2,500
† |
• certain
tax-deferred accounts or UGMA/UTMA accounts |
$500
† |
Tax
information |
Payments
to broker-dealers and other financial
intermediaries |
Ticker: |
JGCAX |
Class
A Shares |
JGCSX |
Class
S Shares |
JSPGX |
Class
T Shares |
|
JGCCX |
Class
C Shares |
JGCIX |
Class
I Shares |
|
|
|
|
SHAREHOLDER
FEES
(fees
paid directly from your investment) |
|
Class
A |
|
Class
C |
|
Class
S |
|
Class
I |
|
Class
T |
Maximum
Sales Charge (load) Imposed on Purchases (as a percentage of offering
price) |
|
5.75% |
|
None |
|
None |
|
None |
|
None |
Maximum
Deferred Sales Charge (load) (as a percentage of the lower of original
purchase
price or redemption proceeds) |
|
None |
|
1.00% |
|
None |
|
None |
|
None |
ANNUAL
FUND OPERATING EXPENSES
(expenses
that you pay each year as a percentage of the value of your
investment) |
|
Class
A |
|
Class
C |
|
Class
S |
|
Class
I |
|
Class
T |
Management
Fees |
|
0.05% |
|
0.05% |
|
0.05% |
|
0.05% |
|
0.05% |
Distribution/Service
(12b-1) Fees |
|
0.25% |
|
1.00% |
|
0.25% |
|
None |
|
None |
Other
Expenses |
|
0.16% |
|
0.17% |
|
0.33% |
|
0.18% |
|
0.33% |
Acquired
Fund(1)
Fees and Expenses |
|
0.53% |
|
0.53% |
|
0.53% |
|
0.53% |
|
0.53% |
Total
Annual Fund Operating Expenses |
|
0.99% |
|
1.75% |
|
1.16% |
|
0.76% |
|
0.91% |
If
Shares are redeemed: |
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$ |
$ |
$ |
$ |
Class
C Shares |
$ |
$ |
$ |
$ |
Class
S Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
T Shares |
$ |
$ |
$ |
$ |
If
Shares are not redeemed: |
1
Year |
3
Years |
5
Years |
10
Years |
Class
A Shares |
$ |
$ |
$ |
$ |
Class
C Shares |
$ |
$ |
$ |
$ |
Class
S Shares |
$ |
$ |
$ |
$ |
Class
I Shares |
$ |
$ |
$ |
$ |
Class
T Shares |
$ |
$ |
$ |
$ |
|
|
|
Annual
Total Returns for Class T Shares
(calendar year-end) |
|
|
|
|
|
|
|
Average
Annual Total Returns
(periods ended 12/31/23) |
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Since
Inception
(12/30/05) |
Class
T Shares |
|
|
|
|
Return
Before Taxes |
13.64% |
7.11% |
4.91% |
5.99% |
Return
After Taxes on Distributions |
13.26% |
5.41% |
3.35% |
4.82% |
Return
After Taxes on Distributions and Sale of Fund Shares(1)
|
8.33% |
5.45% |
3.64% |
4.69% |
MSCI
All Country World Indexsm
(reflects
no deduction for expenses, fees, or taxes, except foreign withholding
taxes) |
22.20% |
11.72% |
7.93% |
6.95% |
Global
Growth Allocation Index
(reflects
no deduction for expenses, fees, or taxes, except any applicable foreign
withholding
taxes) |
18.78% |
9.39% |
6.51% |
6.21% |
Class
A Shares |
|
|
|
|
Return
Before Taxes(2)
|
7.08% |
5.75% |
4.18% |
5.52% |
MSCI
All Country World Indexsm
(reflects
no deduction for expenses, fees, or taxes, except foreign withholding
taxes) |
22.20% |
11.72% |
7.93% |
6.95% |
Global
Growth Allocation Index
(reflects
no deduction for expenses, fees, or taxes, except any applicable foreign
withholding
taxes) |
18.78% |
9.39% |
6.51% |
6.21% |
Class
C Shares |
|
|
|
|
Return
Before Taxes(3)
|
11.73% |
6.24% |
4.10% |
5.11% |
MSCI
All Country World Indexsm
(reflects
no deduction for expenses, fees, or taxes, except foreign withholding
taxes) |
22.20% |
11.72% |
7.93% |
6.95% |
Global
Growth Allocation Index
(reflects
no deduction for expenses, fees, or taxes, except any applicable foreign
withholding
taxes) |
18.78% |
9.39% |
6.51% |
6.21%
|
Average
Annual Total Returns
(periods ended 12/31/23) |
|
|
|
|
|
1
Year |
5
Years |
10
Years |
Since
Inception
(12/30/05) |
Class
S Shares |
|
|
|
|
Return
Before Taxes |
13.36% |
6.82% |
4.61% |
5.66% |
MSCI
All Country World Indexsm
(reflects
no deduction for expenses, fees, or taxes, except foreign withholding
taxes) |
22.20% |
11.72% |
7.93% |
6.95% |
Global
Growth Allocation Index
(reflects
no deduction for expenses, fees, or taxes, except any applicable foreign
withholding
taxes) |
18.78% |
9.39% |
6.51% |
6.21% |
Class
I Shares |
|
|
|
|
Return
Before Taxes |
13.85% |
7.27% |
5.05% |
6.11% |
MSCI
All Country World Indexsm
(reflects
no deduction for expenses, fees, or taxes, except foreign withholding
taxes) |
22.20% |
11.72% |
7.93% |
6.95% |
Global
Growth Allocation Index
(reflects
no deduction for expenses, fees, or taxes, except any applicable foreign
withholding
taxes) |
18.78% |
9.39% |
6.51% |
6.21% |
Management |
Purchase
and sale of Fund shares |
Class
A Shares, Class C Shares*,
Class S Shares, and Class T Shares |
|
Non-retirement
accounts |
$2,500** |
Certain
tax-deferred accounts or UGMA/UTMA accounts |
$500 |
Class
I Shares |
|
Through
an intermediary institution |
|
• non-retirement
accounts |
$2,500
† |
• certain
tax-deferred accounts or UGMA/UTMA accounts |
$500
† |
Tax
information |
Payments
to broker-dealers and other financial
intermediaries |
|
Janus
Henderson Global
Allocation
Fund –
Conservative |
Janus
Henderson Global
Allocation
Fund –
Moderate |
Janus
Henderson Global
Allocation
Fund –
Growth |
Asset
Allocation Range |
|
|
|
Equity
Investments |
30%-50% |
45%-65% |
70%-85% |
Fixed-Income
Securities and Money Market
Instruments |
50%-65% |
30%-45% |
10%-25% |
Alternative
Investments |
0%-20% |
0%-20% |
0%-20% |
Fund
Name |
Average
Daily
Net
Assets
of
the Fund |
Contractual
Investment
Advisory
Fee (%)
(annual
rate) |
Actual
Compensation
Rate
Paid
to Adviser (%)
(for
the fiscal year ended
June
30, 2024) |
Janus
Henderson Global Allocation Fund – Conservative |
All Asset
Levels |
0.05 |
0.00
(1) |
Janus
Henderson Global Allocation Fund – Moderate |
All Asset
Levels |
0.05 |
0.01 |
Janus
Henderson Global Allocation Fund – Growth |
All Asset
Levels |
0.05 |
0.04 |
Fund
Name |
Expense
Limit Percentage (%) |
Janus
Henderson Global Allocation Fund – Conservative |
0.14 |
Janus
Henderson Global Allocation Fund – Moderate |
0.12 |
Janus
Henderson Global Allocation Fund – Growth |
0.14 |
CLOSED
FUND POLICIES |
LIQUIDATION/REORGANIZATION
OF A FUND |
DISTRIBUTION
OF THE Funds |
Distributions |
TAXES |
Class
A Shares |
|
Initial
sales charge on purchases |
Up
to 5.75%(1)
|
• reduction
of initial sales charge for purchases of $50,000 or
more |
|
• initial
sales charge waived for purchases of $1 million or
more |
|
Deferred
sales charge (CDSC) |
None
except on certain redemptions of Shares
purchased
without an initial sales charge(1)
|
Administrative
fees |
Pays
administrative, networking or omnibus fees to
certain
intermediaries |
Minimum
initial investment |
$2,500(2)
|
Maximum
purchase |
None |
Minimum
aggregate account balance |
None |
12b-1
fee |
0.25%
annual distribution/service fee |
Class
C Shares |
|
Initial
sales charge on purchases |
None |
Deferred
sales charge (CDSC) |
1.00%
on Shares redeemed within 12 months of
purchase(1)
|
Administrative
fees |
Pays
administrative, networking or omnibus fees to
certain
intermediaries |
Minimum
initial investment |
$2,500(2)
|
Maximum
purchase |
$500,000
($250,000, effective on or about
December
9, 2024) |
Minimum
aggregate account balance |
None |
12b-1
fee |
1.00%
annual fee (up to 0.75% distribution fee and
up
to 0.25% shareholder servicing fee) |
Class
S Shares |
|
Initial
sales charge on purchases |
None |
Deferred
sales charge (CDSC) |
None |
Administrative
services fees |
0.25% |
Minimum
initial investment |
$2,500(2)
|
Maximum
purchase |
None |
Minimum
aggregate account balance |
None |
12b-1
fee |
0.25%
annual distribution/service fee |
Class
I Shares(3)
|
|
Initial
sales charge on purchases |
None |
Deferred
sales charge (CDSC) |
None |
Administrative
fees |
Pays
administrative, networking or omnibus fees to
certain
intermediaries(3)
|
Minimum
initial investment |
|
• through
an intermediary institution |
$2,500(4)
|
Maximum
purchase |
None |
Minimum
aggregate account balance |
None |
12b-1
fee |
None
|
Class
T Shares |
|
Initial
sales charge on purchases |
None |
Deferred
sales charge (CDSC) |
None |
Administrative
services fees |
0.25% |
Minimum
initial investment |
$2,500(2)
|
Maximum
purchase |
None |
Minimum
aggregate account balance |
None |
12b-1
fee |
None |
Class |
12b-1
Fee for the Funds |
Class
A Shares |
0.25% |
Class
C Shares |
1.00%(1)
|
Class
S Shares |
0.25% |
Amount
of Purchase at Offering Price |
Class
A Shares
Sales
Charge as a
Percentage
of
Offering
Price(1) |
Class
A Shares
Sales
Charge as a
Percentage
of
Net
Amount Invested |
Under
$50,000 |
5.75% |
6.10% |
$50,000
but under $100,000 |
4.50% |
4.71% |
$100,000
but under $250,000 |
3.50% |
3.63% |
$250,000
but under $500,000 |
2.50% |
2.56% |
$500,000
but under $1,000,000 |
2.00% |
2.04% |
$1,000,000
and above |
None(2)
|
None |
Amount
of
Purchase
at
Offering
Price |
Class
A Shares
Sales
Charge as a
Percentage
of
Offering
Price(1) |
Class
A Shares
Sales
Charge as a
Percentage
of
Net
Amount Invested |
Amount
of Sales Charge
Reallowed
to Financial
Intermediaries
as a Percentage of
Offering
Price |
Under
$50,000 |
5.75% |
6.10% |
5.00% |
$50,000
but under $100,000 |
4.50% |
4.71% |
3.75% |
$100,000
but under $250,000 |
3.50% |
3.63% |
2.75% |
$250,000
and above(2) |
None |
None |
None |
Availability
of Portfolio Holdings
Information |
|
Years ended June
30 | ||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
Net
Asset Value, Beginning of Period |
$10.77 |
$10.52 |
$13.99 |
$12.28 |
$12.53 |
Income/(Loss)
from Investment Operations: |
|
|
|
|
|
Net
investment income/(loss)(1) |
0.19 |
0.14 |
0.39 |
0.25 |
0.14 |
Net
realized and unrealized gain/(loss) |
0.61 |
0.33 |
(2.57) |
2.07 |
0.19 |
Total
from Investment Operations |
0.80 |
0.47 |
(2.18) |
2.32 |
0.33 |
Less
Dividends and Distributions: |
|
|
|
|
|
Dividends
(from net investment income) |
(0.17) |
(0.04) |
(0.41) |
(0.26) |
(0.13) |
Distributions
(from capital gains) |
— |
(0.18) |
(0.88) |
(0.35) |
(0.45) |
Total
Dividends and Distributions |
(0.17) |
(0.22) |
(1.29) |
(0.61) |
(0.58) |
Net
Asset Value, End of Period |
$11.40 |
$10.77 |
$10.52 |
$13.99 |
$12.28 |
Total
Return* |
7.51% |
4.54% |
(17.15)% |
19.10% |
2.58% |
Net
Assets, End of Period (in thousands) |
$5,648 |
$6,511 |
$7,213 |
$8,650 |
$4,030 |
Average
Net Assets for the Period (in thousands) |
$5,935 |
$6,745 |
$8,494 |
$6,632 |
$4,381 |
Ratios
to Average Net Assets**: |
|
|
|
|
|
Ratio
of Gross Expenses(2) |
0.51% |
0.51% |
0.47% |
0.47% |
0.47% |
Ratio
of Net Expenses (After Waivers and Expense Offsets)(2) |
0.48% |
0.48% |
0.47% |
0.47% |
0.47% |
Ratio
of Net Investment Income/(Loss)(2) |
1.78% |
1.36% |
3.03% |
1.84% |
1.13% |
Portfolio
Turnover Rate |
111% |
41% |
43% |
34% |
57% |
* |
Total
return includes adjustments in accordance with generally accepted
accounting principles required at the year or period end and are not
annualized
for
periods of less than one full year. Returns shown exclude any applicable
sales charges. |
** |
Annualized
for periods of less than one full year. |
(1) |
Per
share amounts are calculated based on average shares outstanding during
the year or period. |
(2) |
Ratios
do not include indirect expenses of the underlying funds and/or investment
companies in which the Fund
invests. |
|
Years ended June
30 | ||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
Net
Asset Value, Beginning of Period |
$10.49 |
$10.28 |
$13.67 |
$12.01 |
$12.26 |
Income/(Loss)
from Investment Operations: |
|
|
|
|
|
Net
investment income/(loss)(1) |
0.11 |
0.08 |
0.29 |
0.18 |
0.05 |
Net
realized and unrealized gain/(loss) |
0.59 |
0.31 |
(2.50) |
1.98 |
0.18 |
Total
from Investment Operations |
0.70 |
0.39 |
(2.21) |
2.16 |
0.23 |
Less
Dividends and Distributions: |
|
|
|
|
|
Dividends
(from net investment income) |
(0.11) |
— |
(0.30) |
(0.15) |
(0.03) |
Distributions
(from capital gains) |
— |
(0.18) |
(0.88) |
(0.35) |
(0.45) |
Total
Dividends and Distributions |
(0.11) |
(0.18) |
(1.18) |
(0.50) |
(0.48) |
Net
Asset Value, End of Period |
$11.08 |
$10.49 |
$10.28 |
$13.67 |
$12.01 |
Total
Return* |
6.66% |
3.88% |
(17.65)% |
18.20% |
1.85% |
Net
Assets, End of Period (in thousands) |
$2,171 |
$3,461 |
$6,096 |
$9,356 |
$10,655 |
Average
Net Assets for the Period (in thousands) |
$2,578 |
$4,472 |
$8,302 |
$9,960 |
$12,057 |
Ratios
to Average Net Assets**: |
|
|
|
|
|
Ratio
of Gross Expenses(2) |
1.24% |
1.18% |
1.18% |
1.15% |
1.18% |
Ratio
of Net Expenses (After Waivers and Expense Offsets)(2) |
1.21% |
1.15% |
1.18% |
1.15% |
1.18% |
Ratio
of Net Investment Income/(Loss)(2) |
1.08% |
0.76% |
2.31% |
1.38% |
0.41% |
Portfolio
Turnover Rate |
111% |
41% |
43% |
34% |
57% |
* |
Total
return includes adjustments in accordance with generally accepted
accounting principles required at the year or period end and are not
annualized
for
periods of less than one full year. Returns shown exclude any applicable
sales charges. |
** |
Annualized
for periods of less than one full year. |
(1) |
Per
share amounts are calculated based on average shares outstanding during
the year or period. |
(2) |
Ratios
do not include indirect expenses of the underlying funds and/or investment
companies in which the Fund
invests. |
|
Years ended June
30 | ||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
Net
Asset Value, Beginning of Period |
$10.79 |
$10.52 |
$13.97 |
$12.25 |
$12.45 |
Income/(Loss)
from Investment Operations: |
|
|
|
|
|
Net
investment income/(loss)(1) |
0.18 |
0.13 |
0.36 |
0.25 |
0.11 |
Net
realized and unrealized gain/(loss) |
0.60 |
0.32 |
(2.55) |
2.02 |
0.20 |
Total
from Investment Operations |
0.78 |
0.45 |
(2.19) |
2.27 |
0.31 |
Less
Dividends and Distributions: |
|
|
|
|
|
Dividends
(from net investment income) |
(0.17) |
— |
(0.38) |
(0.20) |
(0.06) |
Distributions
(from capital gains) |
— |
(0.18) |
(0.88) |
(0.35) |
(0.45) |
Total
Dividends and Distributions |
(0.17) |
(0.18) |
(1.26) |
(0.55) |
(0.51) |
Net
Asset Value, End of Period |
$11.40 |
$10.79 |
$10.52 |
$13.97 |
$12.25 |
Total
Return* |
7.24% |
4.36% |
(17.19)% |
18.70% |
2.43% |
Net
Assets, End of Period (in thousands) |
$58 |
$55 |
$96 |
$108 |
$126 |
Average
Net Assets for the Period (in thousands) |
$56 |
$74 |
$107 |
$119 |
$407 |
Ratios
to Average Net Assets**: |
|
|
|
|
|
Ratio
of Gross Expenses(2) |
0.68% |
0.69% |
0.65% |
0.65% |
0.63% |
Ratio
of Net Expenses (After Waivers and Expense Offsets)(2) |
0.65% |
0.66% |
0.65% |
0.65% |
0.63% |
Ratio
of Net Investment Income/(Loss)(2) |
1.61% |
1.19% |
2.83% |
1.88% |
0.90% |
Portfolio
Turnover Rate |
111% |
41% |
43% |
34% |
57% |
* |
Total
return includes adjustments in accordance with generally accepted
accounting principles required at the year or period end and are not
annualized
for
periods of less than one full year. |
** |
Annualized
for periods of less than one full year. |
(1) |
Per
share amounts are calculated based on average shares outstanding during
the year or period. |
(2) |
Ratios
do not include indirect expenses of the underlying funds and/or investment
companies in which the Fund
invests. |
|
Years ended June
30 | ||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
Net
Asset Value, Beginning of Period |
$10.84 |
$10.59 |
$14.07 |
$12.34 |
$12.58 |
Income/(Loss)
from Investment Operations: |
|
|
|
|
|
Net
investment income/(loss)(1) |
0.21 |
0.17 |
0.42 |
0.29 |
0.17 |
Net
realized and unrealized gain/(loss) |
0.62 |
0.33 |
(2.58) |
2.07 |
0.20 |
Total
from Investment Operations |
0.83 |
0.50 |
(2.16) |
2.36 |
0.37 |
Less
Dividends and Distributions: |
|
|
|
|
|
Dividends
(from net investment income) |
(0.18) |
(0.07) |
(0.44) |
(0.28) |
(0.16) |
Distributions
(from capital gains) |
— |
(0.18) |
(0.88) |
(0.35) |
(0.45) |
Total
Dividends and Distributions |
(0.18) |
(0.25) |
(1.32) |
(0.63) |
(0.61) |
Net
Asset Value, End of Period |
$11.49 |
$10.84 |
$10.59 |
$14.07 |
$12.34 |
Total
Return* |
7.73% |
4.80% |
(16.92)% |
19.39% |
2.89% |
Net
Assets, End of Period (in thousands) |
$1,848 |
$1,842 |
$2,645 |
$3,830 |
$3,381 |
Average
Net Assets for the Period (in thousands) |
$1,759 |
$2,574 |
$3,502 |
$3,247 |
$3,491 |
Ratios
to Average Net Assets**: |
|
|
|
|
|
Ratio
of Gross Expenses(2) |
0.29% |
0.28% |
0.24% |
0.22% |
0.21% |
Ratio
of Net Expenses (After Waivers and Expense Offsets)(2) |
0.25% |
0.25% |
0.24% |
0.22% |
0.21% |
Ratio
of Net Investment Income/(Loss)(2) |
1.93% |
1.56% |
3.27% |
2.16% |
1.37% |
Portfolio
Turnover Rate |
111% |
41% |
43% |
34% |
57% |
* |
Total
return includes adjustments in accordance with generally accepted
accounting principles required at the year or period end and are not
annualized
for
periods of less than one full year. |
** |
Annualized
for periods of less than one full year. |
(1) |
Per
share amounts are calculated based on average shares outstanding during
the year or period. |
(2) |
Ratios
do not include indirect expenses of the underlying funds and/or investment
companies in which the Fund
invests. |
|
Years ended June
30 | ||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
Net
Asset Value, Beginning of Period |
$10.82 |
$10.56 |
$14.03 |
$12.32 |
$12.56 |
Income/(Loss)
from Investment Operations: |
|
|
|
|
|
Net
investment income/(loss)(1) |
0.21 |
0.16 |
0.41 |
0.29 |
0.16 |
Net
realized and unrealized gain/(loss) |
0.61 |
0.33 |
(2.58) |
2.04 |
0.20 |
Total
from Investment Operations |
0.82 |
0.49 |
(2.17) |
2.33 |
0.36 |
Less
Dividends and Distributions: |
|
|
|
|
|
Dividends
(from net investment income) |
(0.18) |
(0.05) |
(0.42) |
(0.27) |
(0.15) |
Distributions
(from capital gains) |
— |
(0.18) |
(0.88) |
(0.35) |
(0.45) |
Total
Dividends and Distributions |
(0.18) |
(0.23) |
(1.30) |
(0.62) |
(0.60) |
Net
Asset Value, End of Period |
$11.46 |
$10.82 |
$10.56 |
$14.03 |
$12.32 |
Total
Return* |
7.65% |
4.76% |
(17.02)% |
19.12% |
2.78% |
Net
Assets, End of Period (in thousands) |
$8,168 |
$10,666 |
$12,373 |
$16,283 |
$15,174 |
Average
Net Assets for the Period (in thousands) |
$9,360 |
$11,245 |
$15,587 |
$16,293 |
$16,406 |
Ratios
to Average Net Assets**: |
|
|
|
|
|
Ratio
of Gross Expenses(2) |
0.42% |
0.42% |
0.39% |
0.39% |
0.38% |
Ratio
of Net Expenses (After Waivers and Expense Offsets)(2) |
0.34% |
0.35% |
0.36% |
0.35% |
0.36% |
Ratio
of Net Investment Income/(Loss)(2) |
1.96% |
1.51% |
3.22% |
2.14% |
1.27% |
Portfolio
Turnover Rate |
111% |
41% |
43% |
34% |
57% |
* |
Total
return includes adjustments in accordance with generally accepted
accounting principles required at the year or period end and are not
annualized
for
periods of less than one full year. |
** |
Annualized
for periods of less than one full year. |
(1) |
Per
share amounts are calculated based on average shares outstanding during
the year or period. |
(2) |
Ratios
do not include indirect expenses of the underlying funds and/or investment
companies in which the Fund
invests. |
|
Years ended June
30 | ||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
Net
Asset Value, Beginning of Period |
$11.28 |
$10.79 |
$14.88 |
$12.29 |
$12.90 |
Income/(Loss)
from Investment Operations: |
|
|
|
|
|
Net
investment income/(loss)(1) |
0.24 |
0.14 |
0.43 |
0.22 |
0.16 |
Net
realized and unrealized gain/(loss) |
0.88 |
0.64 |
(2.77) |
2.98 |
(0.06) |
Total
from Investment Operations |
1.12 |
0.78 |
(2.34) |
3.20 |
0.10 |
Less
Dividends and Distributions: |
|
|
|
|
|
Dividends
(from net investment income) |
(0.16) |
(0.06) |
(0.44) |
(0.22) |
(0.14) |
Distributions
(from capital gains) |
— |
(0.23) |
(1.31) |
(0.39) |
(0.57) |
Total
Dividends and Distributions |
(0.16) |
(0.29) |
(1.75) |
(0.61) |
(0.71) |
Net
Asset Value, End of Period |
$12.24 |
$11.28 |
$10.79 |
$14.88 |
$12.29 |
Total
Return* |
9.98% |
7.37% |
(17.84)% |
26.39% |
0.60% |
Net
Assets, End of Period (in thousands) |
$9,237 |
$9,441 |
$11,371 |
$14,023 |
$8,165 |
Average
Net Assets for the Period (in thousands) |
$9,192 |
$10,004 |
$13,650 |
$11,150 |
$9,093 |
Ratios
to Average Net Assets**: |
|
|
|
|
|
Ratio
of Gross Expenses(2) |
0.45% |
0.46% |
0.43% |
0.43% |
0.41% |
Ratio
of Net Expenses (After Waivers and Expense Offsets)(2) |
0.43% |
0.44% |
0.43% |
0.43% |
0.41% |
Ratio
of Net Investment Income/(Loss)(2) |
2.11% |
1.24% |
3.21% |
1.56% |
1.29% |
Portfolio
Turnover Rate |
104% |
36% |
43% |
41% |
51% |
* |
Total
return includes adjustments in accordance with generally accepted
accounting principles required at the year or period end and are not
annualized
for
periods of less than one full year. Returns shown exclude any applicable
sales charges. |
** |
Annualized
for periods of less than one full year. |
(1) |
Per
share amounts are calculated based on average shares outstanding during
the year or period. |
(2) |
Ratios
do not include indirect expenses of the underlying funds and/or investment
companies in which the Fund
invests. |
|
Years ended June
30 | ||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
Net
Asset Value, Beginning of Period |
$11.10 |
$10.64 |
$14.66 |
$12.11 |
$12.70 |
Income/(Loss)
from Investment Operations: |
|
|
|
|
|
Net
investment income/(loss)(1) |
0.16 |
0.06 |
0.32 |
0.16 |
0.06 |
Net
realized and unrealized gain/(loss) |
0.85 |
0.63 |
(2.72) |
2.88 |
(0.05) |
Total
from Investment Operations |
1.01 |
0.69 |
(2.40) |
3.04 |
0.01 |
Less
Dividends and Distributions: |
|
|
|
|
|
Dividends
(from net investment income) |
(0.07) |
— |
(0.31) |
(0.10) |
(0.03) |
Distributions
(from capital gains) |
— |
(0.23) |
(1.31) |
(0.39) |
(0.57) |
Total
Dividends and Distributions |
(0.07) |
(0.23) |
(1.62) |
(0.49) |
(0.60) |
Net
Asset Value, End of Period |
$12.04 |
$11.10 |
$10.64 |
$14.66 |
$12.11 |
Total
Return* |
9.15% |
6.61% |
(18.40)% |
25.39% |
(0.06)% |
Net
Assets, End of Period (in thousands) |
$629 |
$789 |
$1,387 |
$2,854 |
$4,381 |
Average
Net Assets for the Period (in thousands) |
$704 |
$1,088 |
$2,274 |
$3,487 |
$5,235 |
Ratios
to Average Net Assets**: |
|
|
|
|
|
Ratio
of Gross Expenses(2) |
1.16% |
1.17% |
1.19% |
1.12% |
1.18% |
Ratio
of Net Expenses (After Waivers and Expense Offsets)(2) |
1.14% |
1.15% |
1.19% |
1.11% |
1.18% |
Ratio
of Net Investment Income/(Loss)(2) |
1.46% |
0.56% |
2.42% |
1.17% |
0.45% |
Portfolio
Turnover Rate |
104% |
36% |
43% |
41% |
51% |
* |
Total
return includes adjustments in accordance with generally accepted
accounting principles required at the year or period end and are not
annualized
for
periods of less than one full year. Returns shown exclude any applicable
sales charges. |
** |
Annualized
for periods of less than one full year. |
(1) |
Per
share amounts are calculated based on average shares outstanding during
the year or period. |
(2) |
Ratios
do not include indirect expenses of the underlying funds and/or investment
companies in which the Fund
invests. |
|
Years ended June
30 | ||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
Net
Asset Value, Beginning of Period |
$11.16 |
$10.69 |
$14.75 |
$12.19 |
$12.79 |
Income/(Loss)
from Investment Operations: |
|
|
|
|
|
Net
investment income/(loss)(1) |
0.22 |
0.14 |
0.40 |
0.21 |
0.15 |
Net
realized and unrealized gain/(loss) |
0.87 |
0.60 |
(2.74) |
2.93 |
(0.07) |
Total
from Investment Operations |
1.09 |
0.74 |
(2.34) |
3.14 |
0.08 |
Less
Dividends and Distributions: |
|
|
|
|
|
Dividends
(from net investment income) |
(0.12) |
(0.04) |
(0.41) |
(0.19) |
(0.11) |
Distributions
(from capital gains) |
— |
(0.23) |
(1.31) |
(0.39) |
(0.57) |
Total
Dividends and Distributions |
(0.12) |
(0.27) |
(1.72) |
(0.58) |
(0.68) |
Net
Asset Value, End of Period |
$12.13 |
$11.16 |
$10.69 |
$14.75 |
$12.19 |
Total
Return* |
9.80% |
7.11% |
(17.97)% |
26.03% |
0.47% |
Net
Assets, End of Period (in thousands) |
$539 |
$443 |
$1,066 |
$1,385 |
$1,247 |
Average
Net Assets for the Period (in thousands) |
$479 |
$951 |
$1,322 |
$1,358 |
$1,929 |
Ratios
to Average Net Assets**: |
|
|
|
|
|
Ratio
of Gross Expenses(2) |
0.64% |
0.65% |
0.62% |
0.62% |
0.62% |
Ratio
of Net Expenses (After Waivers and Expense Offsets)(2) |
0.62% |
0.63% |
0.62% |
0.62% |
0.62% |
Ratio
of Net Investment Income/(Loss)(2) |
1.91% |
1.30% |
3.03% |
1.51% |
1.17% |
Portfolio
Turnover Rate |
104% |
36% |
43% |
41% |
51% |
* |
Total
return includes adjustments in accordance with generally accepted
accounting principles required at the year or period end and are not
annualized
for
periods of less than one full year. |
** |
Annualized
for periods of less than one full year. |
(1) |
Per
share amounts are calculated based on average shares outstanding during
the year or period. |
(2) |
Ratios
do not include indirect expenses of the underlying funds and/or investment
companies in which the Fund
invests. |
|
Years ended June
30 | ||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
Net
Asset Value, Beginning of Period |
$11.36 |
$10.86 |
$14.98 |
$12.37 |
$12.97 |
Income/(Loss)
from Investment Operations: |
|
|
|
|
|
Net
investment income/(loss)(1) |
0.27 |
0.17 |
0.53 |
0.25 |
0.19 |
Net
realized and unrealized gain/(loss) |
0.88 |
0.64 |
(2.86) |
3.00 |
(0.05) |
Total
from Investment Operations |
1.15 |
0.81 |
(2.33) |
3.25 |
0.14 |
Less
Dividends and Distributions: |
|
|
|
|
|
Dividends
(from net investment income) |
(0.18) |
(0.08) |
(0.48) |
(0.25) |
(0.17) |
Distributions
(from capital gains) |
— |
(0.23) |
(1.31) |
(0.39) |
(0.57) |
Total
Dividends and Distributions |
(0.18) |
(0.31) |
(1.79) |
(0.64) |
(0.74) |
Net
Asset Value, End of Period |
$12.33 |
$11.36 |
$10.86 |
$14.98 |
$12.37 |
Total
Return* |
10.21% |
7.65% |
(17.72)% |
26.62% |
0.88% |
Net
Assets, End of Period (in thousands) |
$3,447 |
$3,930 |
$4,528 |
$6,744 |
$4,551 |
Average
Net Assets for the Period (in thousands) |
$3,499 |
$4,247 |
$12,862 |
$5,660 |
$4,907 |
Ratios
to Average Net Assets**: |
|
|
|
|
|
Ratio
of Gross Expenses(2) |
0.24% |
0.23% |
0.22% |
0.21% |
0.21% |
Ratio
of Net Expenses (After Waivers and Expense Offsets)(2) |
0.22% |
0.21% |
0.22% |
0.21% |
0.21% |
Ratio
of Net Investment Income/(Loss)(2) |
2.30% |
1.55% |
3.87% |
1.81% |
1.47% |
Portfolio
Turnover Rate |
104% |
36% |
43% |
41% |
51% |
* |
Total
return includes adjustments in accordance with generally accepted
accounting principles required at the year or period end and are not
annualized
for
periods of less than one full year. |
** |
Annualized
for periods of less than one full year. |
(1) |
Per
share amounts are calculated based on average shares outstanding during
the year or period. |
(2) |
Ratios
do not include indirect expenses of the underlying funds and/or investment
companies in which the Fund
invests. |
|
Years ended June
30 | ||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
Net
Asset Value, Beginning of Period |
$11.33 |
$10.84 |
$14.94 |
$12.34 |
$12.94 |
Income/(Loss)
from Investment Operations: |
|
|
|
|
|
Net
investment income/(loss)(1) |
0.25 |
0.15 |
0.44 |
0.24 |
0.16 |
Net
realized and unrealized gain/(loss) |
0.89 |
0.64 |
(2.78) |
2.98 |
(0.04) |
Total
from Investment Operations |
1.14 |
0.79 |
(2.34) |
3.22 |
0.12 |
Less
Dividends and Distributions: |
|
|
|
|
|
Dividends
(from net investment income) |
(0.17) |
(0.07) |
(0.45) |
(0.23) |
(0.15) |
Distributions
(from capital gains) |
— |
(0.23) |
(1.31) |
(0.39) |
(0.57) |
Total
Dividends and Distributions |
(0.17) |
(0.30) |
(1.76) |
(0.62) |
(0.72) |
Net
Asset Value, End of Period |
$12.30 |
$11.33 |
$10.84 |
$14.94 |
$12.34 |
Total
Return* |
10.13% |
7.51% |
(17.77)% |
26.43% |
0.76% |
Net
Assets, End of Period (in thousands) |
$11,522 |
$11,213 |
$13,148 |
$16,849 |
$13,981 |
Average
Net Assets for the Period (in thousands) |
$11,213 |
$12,102 |
$15,737 |
$15,516 |
$15,728 |
Ratios
to Average Net Assets**: |
|
|
|
|
|
Ratio
of Gross Expenses(2) |
0.39% |
0.40% |
0.37% |
0.37% |
0.37% |
Ratio
of Net Expenses (After Waivers and Expense Offsets)(2) |
0.33% |
0.33% |
0.33% |
0.32% |
0.34% |
Ratio
of Net Investment Income/(Loss)(2) |
2.17% |
1.38% |
3.27% |
1.76% |
1.29% |
Portfolio
Turnover Rate |
104% |
36% |
43% |
41% |
51% |
* |
Total
return includes adjustments in accordance with generally accepted
accounting principles required at the year or period end and are not
annualized
for
periods of less than one full year. |
** |
Annualized
for periods of less than one full year. |
(1) |
Per
share amounts are calculated based on average shares outstanding during
the year or period. |
(2) |
Ratios
do not include indirect expenses of the underlying funds and/or investment
companies in which the Fund
invests. |
|
Years ended June
30 | ||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
Net
Asset Value, Beginning of Period |
$12.15 |
$11.54 |
$16.53 |
$12.93 |
$14.05 |
Income/(Loss)
from Investment Operations: |
|
|
|
|
|
Net
investment income/(loss)(1) |
0.19 |
0.13 |
0.48 |
0.18 |
0.17 |
Net
realized and unrealized gain/(loss) |
1.31 |
0.99 |
(3.08) |
4.12 |
(0.32) |
Total
from Investment Operations |
1.50 |
1.12 |
(2.60) |
4.30 |
(0.15) |
Less
Dividends and Distributions: |
|
|
|
|
|
Dividends
(from net investment income) |
(0.16) |
(0.10) |
(0.50) |
(0.18) |
(0.17) |
Distributions
(from capital gains) |
— |
(0.41) |
(1.89) |
(0.52) |
(0.80) |
Total
Dividends and Distributions |
(0.16) |
(0.51) |
(2.39) |
(0.70) |
(0.97) |
Net
Asset Value, End of Period |
$13.49 |
$12.15 |
$11.54 |
$16.53 |
$12.93 |
Total
Return* |
12.46% |
10.03% |
(18.53)% |
33.72% |
(1.48)% |
Net
Assets, End of Period (in thousands) |
$6,633 |
$6,073 |
$5,148 |
$6,003 |
$4,381 |
Average
Net Assets for the Period (in thousands) |
$6,165 |
$5,533 |
$6,076 |
$4,883 |
$4,624 |
Ratios
to Average Net Assets**: |
|
|
|
|
|
Ratio
of Gross Expenses(2) |
0.46% |
0.48% |
0.45% |
0.46% |
0.46% |
Ratio
of Net Expenses (After Waivers and Expense Offsets)(2) |
0.46% |
0.48% |
0.45% |
0.46% |
0.46% |
Ratio
of Net Investment Income/(Loss)(2) |
1.54% |
1.11% |
3.28% |
1.17% |
1.29% |
Portfolio
Turnover Rate |
100% |
35% |
32% |
50% |
49% |
* |
Total
return includes adjustments in accordance with generally accepted
accounting principles required at the year or period end and are not
annualized
for
periods of less than one full year. Returns shown exclude any applicable
sales charges. |
** |
Annualized
for periods of less than one full year. |
(1) |
Per
share amounts are calculated based on average shares outstanding during
the year or period. |
(2) |
Ratios
do not include indirect expenses of the underlying funds and/or investment
companies in which the Fund
invests. |
|
Years ended June
30 | ||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
Net
Asset Value, Beginning of Period |
$11.86 |
$11.25 |
$16.16 |
$12.65 |
$13.76 |
Income/(Loss)
from Investment Operations: |
|
|
|
|
|
Net
investment income/(loss)(1) |
0.10 |
0.05 |
0.37 |
0.09 |
0.07 |
Net
realized and unrealized gain/(loss) |
1.27 |
0.97 |
(3.01) |
4.00 |
(0.32) |
Total
from Investment Operations |
1.37 |
1.02 |
(2.64) |
4.09 |
(0.25) |
Less
Dividends and Distributions: |
|
|
|
|
|
Dividends
(from net investment income) |
(0.07) |
— |
(0.38) |
(0.06) |
(0.06) |
Distributions
(from capital gains) |
— |
(0.41) |
(1.89) |
(0.52) |
(0.80) |
Total
Dividends and Distributions |
(0.07) |
(0.41) |
(2.27) |
(0.58) |
(0.86) |
Net
Asset Value, End of Period |
$13.16 |
$11.86 |
$11.25 |
$16.16 |
$12.65 |
Total
Return* |
11.58% |
9.31% |
(19.11)% |
32.77% |
(2.23)% |
Net
Assets, End of Period (in thousands) |
$1,820 |
$2,373 |
$3,031 |
$4,096 |
$4,497 |
Average
Net Assets for the Period (in thousands) |
$2,129 |
$2,608 |
$3,787 |
$4,340 |
$5,700 |
Ratios
to Average Net Assets**: |
|
|
|
|
|
Ratio
of Gross Expenses(2) |
1.19% |
1.14% |
1.16% |
1.14% |
1.18% |
Ratio
of Net Expenses (After Waivers and Expense Offsets)(2) |
1.19% |
1.14% |
1.16% |
1.14% |
1.18% |
Ratio
of Net Investment Income/(Loss)(2) |
0.83% |
0.40% |
2.60% |
0.64% |
0.55% |
Portfolio
Turnover Rate |
100% |
35% |
32% |
50% |
49% |
* |
Total
return includes adjustments in accordance with generally accepted
accounting principles required at the year or period end and are not
annualized
for
periods of less than one full year. Returns shown exclude any applicable
sales charges. |
** |
Annualized
for periods of less than one full year. |
(1) |
Per
share amounts are calculated based on average shares outstanding during
the year or period. |
(2) |
Ratios
do not include indirect expenses of the underlying funds and/or investment
companies in which the Fund
invests. |
|
Years ended June
30 | ||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
Net
Asset Value, Beginning of Period |
$12.06 |
$11.45 |
$16.43 |
$12.85 |
$13.96 |
Income/(Loss)
from Investment Operations: |
|
|
|
|
|
Net
investment income/(loss)(1) |
0.16 |
0.12 |
0.48 |
0.16 |
0.18 |
Net
realized and unrealized gain/(loss) |
1.30 |
0.99 |
(3.09) |
4.08 |
(0.35) |
Total
from Investment Operations |
1.46 |
1.11 |
(2.61) |
4.24 |
(0.17) |
Less
Dividends and Distributions: |
|
|
|
|
|
Dividends
(from net investment income) |
(0.14) |
(0.09) |
(0.48) |
(0.14) |
(0.14) |
Distributions
(from capital gains) |
— |
(0.41) |
(1.89) |
(0.52) |
(0.80) |
Total
Dividends and Distributions |
(0.14) |
(0.50) |
(2.37) |
(0.66) |
(0.94) |
Net
Asset Value, End of Period |
$13.38 |
$12.06 |
$11.45 |
$16.43 |
$12.85 |
Total
Return* |
12.17% |
9.97% |
(18.71)% |
33.45% |
(1.67)% |
Net
Assets, End of Period (in thousands) |
$1,557 |
$1,031 |
$1,134 |
$1,408 |
$1,539 |
Average
Net Assets for the Period (in thousands) |
$1,231 |
$1,153 |
$1,423 |
$1,325 |
$1,879 |
Ratios
to Average Net Assets**: |
|
|
|
|
|
Ratio
of Gross Expenses(2) |
0.63% |
0.64% |
0.62% |
0.62% |
0.62% |
Ratio
of Net Expenses (After Waivers and Expense Offsets)(2) |
0.63% |
0.64% |
0.62% |
0.62% |
0.62% |
Ratio
of Net Investment Income/(Loss)(2) |
1.27% |
1.06% |
3.31% |
1.05% |
1.30% |
Portfolio
Turnover Rate |
100% |
35% |
32% |
50% |
49% |
* |
Total
return includes adjustments in accordance with generally accepted
accounting principles required at the year or period end and are not
annualized
for
periods of less than one full year. |
** |
Annualized
for periods of less than one full year. |
(1) |
Per
share amounts are calculated based on average shares outstanding during
the year or period. |
(2) |
Ratios
do not include indirect expenses of the underlying funds and/or investment
companies in which the Fund
invests. |
|
Years ended June
30 | ||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
Net
Asset Value, Beginning of Period |
$12.28 |
$11.65 |
$16.68 |
$13.04 |
$14.16 |
Income/(Loss)
from Investment Operations: |
|
|
|
|
|
Net
investment income/(loss)(1) |
0.22 |
0.16 |
0.54 |
0.23 |
0.22 |
Net
realized and unrealized gain/(loss) |
1.32 |
1.01 |
(3.14) |
4.14 |
(0.33) |
Total
from Investment Operations |
1.54 |
1.17 |
(2.60) |
4.37 |
(0.11) |
Less
Dividends and Distributions: |
|
|
|
|
|
Dividends
(from net investment income) |
(0.19) |
(0.13) |
(0.54) |
(0.21) |
(0.21) |
Distributions
(from capital gains) |
— |
(0.41) |
(1.89) |
(0.52) |
(0.80) |
Total
Dividends and Distributions |
(0.19) |
(0.54) |
(2.43) |
(0.73) |
(1.01) |
Net
Asset Value, End of Period |
$13.63 |
$12.28 |
$11.65 |
$16.68 |
$13.04 |
Total
Return* |
12.63% |
10.40% |
(18.42)% |
34.07% |
(1.24)% |
Net
Assets, End of Period (in thousands) |
$13,397 |
$13,700 |
$11,359 |
$14,799 |
$11,548 |
Average
Net Assets for the Period (in thousands) |
$13,021 |
$13,019 |
$14,681 |
$12,747 |
$13,319 |
Ratios
to Average Net Assets**: |
|
|
|
|
|
Ratio
of Gross Expenses(2) |
0.23% |
0.23% |
0.21% |
0.21% |
0.22% |
Ratio
of Net Expenses (After Waivers and Expense Offsets)(2) |
0.23% |
0.23% |
0.21% |
0.21% |
0.22% |
Ratio
of Net Investment Income/(Loss)(2) |
1.74% |
1.37% |
3.65% |
1.49% |
1.59% |
Portfolio
Turnover Rate |
100% |
35% |
32% |
50% |
49% |
* |
Total
return includes adjustments in accordance with generally accepted
accounting principles required at the year or period end and are not
annualized
for
periods of less than one full year. |
** |
Annualized
for periods of less than one full year. |
(1) |
Per
share amounts are calculated based on average shares outstanding during
the year or period. |
(2) |
Ratios
do not include indirect expenses of the underlying funds and/or investment
companies in which the Fund
invests. |
|
Years ended June
30 | ||||
|
2024 |
2023 |
2022 |
2021 |
2020 |
Net
Asset Value, Beginning of Period |
$12.27 |
$11.64 |
$16.65 |
$13.02 |
$14.14 |
Income/(Loss)
from Investment Operations: |
|
|
|
|
|
Net
investment income/(loss)(1) |
0.21 |
0.15 |
0.49 |
0.21 |
0.19 |
Net
realized and unrealized gain/(loss) |
1.31 |
1.00 |
(3.10) |
4.14 |
(0.32) |
Total
from Investment Operations |
1.52 |
1.15 |
(2.61) |
4.35 |
(0.13) |
Less
Dividends and Distributions: |
|
|
|
|
|
Dividends
(from net investment income) |
(0.17) |
(0.11) |
(0.51) |
(0.20) |
(0.19) |
Distributions
(from capital gains) |
— |
(0.41) |
(1.89) |
(0.52) |
(0.80) |
Total
Dividends and Distributions |
(0.17) |
(0.52) |
(2.40) |
(0.72) |
(0.99) |
Net
Asset Value, End of Period |
$13.62 |
$12.27 |
$11.64 |
$16.65 |
$13.02 |
Total
Return* |
12.52% |
10.22% |
(18.45)% |
33.88% |
(1.37)% |
Net
Assets, End of Period (in thousands) |
$12,316 |
$12,635 |
$13,387 |
$16,385 |
$13,330 |
Average
Net Assets for the Period (in thousands) |
$12,319 |
$12,814 |
$15,962 |
$15,199 |
$15,095 |
Ratios
to Average Net Assets**: |
|
|
|
|
|
Ratio
of Gross Expenses(2) |
0.38% |
0.39% |
0.36% |
0.37% |
0.37% |
Ratio
of Net Expenses (After Waivers and Expense Offsets)(2) |
0.34% |
0.35% |
0.34% |
0.34% |
0.35% |
Ratio
of Net Investment Income/(Loss)(2) |
1.65% |
1.24% |
3.34% |
1.37% |
1.43% |
Portfolio
Turnover Rate |
100% |
35% |
32% |
50% |
49% |
* |
Total
return includes adjustments in accordance with generally accepted
accounting principles required at the year or period end and are not
annualized
for
periods of less than one full year. |
** |
Annualized
for periods of less than one full year. |
(1) |
Per
share amounts are calculated based on average shares outstanding during
the year or period. |
(2) |
Ratios
do not include indirect expenses of the underlying funds and/or investment
companies in which the Fund
invests. |
AMERIPRISE
FINANCIAL |
EDWARD
JONES |
J.P.
MORGAN SECURITIES |
MERRILL |
Front-end
Load Waivers Available at Merrill |
Shares
of mutual funds available for purchase by employer-sponsored retirement,
deferred compensation and employee benefit plans
(including
health savings accounts) and trusts used to fund those plans provided the
shares are not held in a commission-based brokerage
account
and shares are held for the benefit of the plan. For purposes of this
provision, employer-sponsored retirement plans do not
include
SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans |
Shares
purchased through a Merrill investment advisory
program |
Brokerage
class shares exchanged from advisory class shares due to the holdings
moving from a Merrill investment advisory program to a
Merrill
brokerage account |
Shares
purchased through the Merrill Edge Self-Directed
platform |
Shares
purchased through the systematic reinvestment of capital gains
distributions and dividend reinvestment when purchasing shares of
the
same mutual fund in the same account |
Shares
exchanged from level-load shares to front-end load shares of the same
mutual fund in accordance with the description in the Merrill
SLWD
Supplement |
Shares
purchased by eligible employees of Merrill or its affiliates and their
family members who purchase shares in accounts within the
employee’s
Merrill Household (as defined in the Merrill SLWD
Supplement) |
Shares
purchased by eligible persons associated with the fund as defined in this
prospectus (e.g. the fund’s officers or trustees) |
Shares
purchased from the proceeds of a mutual fund redemption in front-end load
shares provided (1) the repurchase is in a mutual fund
within
the same fund family; (2) the repurchase occurs within 90 calendar days
from the redemption trade date, and (3) the redemption
and
purchase occur in the same account (known as Rights of Reinstatement).
Automated transactions (i.e. systematic purchases and
withdrawals)
and purchases made after shares are automatically sold to pay Merrill’s
account maintenance fees are not eligible for Rights of
Reinstatement |
Contingent
Deferred Sales Charge (“CDSC”) Waivers on Front-end, Back-end, and Level
Load Shares Available at Merrill |
Shares
sold due to the client’s death or disability (as defined by Internal
Revenue Code Section 22I(3)) |
Shares
sold pursuant to a systematic withdrawal program subject to Merrill’s
maximum systematic withdrawal limits as described in the
Merrill
SLWD Supplement |
Shares
sold due to return of excess contributions from an IRA
account |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts due to the investor reaching the qualified age
based
on applicable IRS regulation |
Front-end
or level-load shares held in commission-based, non-taxable retirement
brokerage accounts (e.g. traditional, Roth, rollover, SEP
IRAs,
Simple IRAs, SAR-SEPs or Keogh plans) that are transferred to fee-based
accounts or platforms and exchanged for a lower cost share
class
of the same mutual fund |
Front-end
Load Discounts Available at Merrill: Breakpoints, Rights of Accumulation
& Letters of Intent |
Breakpoint
discounts, as described in this prospectus, where the sales load is at or
below the maximum sales load that Merrill permits to be
assessed
to a front-end load purchase, as described in the Merrill SLWD
Supplement |
Rights
of Accumulation (ROA), as described in the Merrill SLWD Supplement, which
entitle clients to breakpoint discounts based on the
aggregated
holdings of mutual fund family assets held in accounts in their Merrill
Household |
Letters
of Intent (LOI), which allow for breakpoint discounts on eligible new
purchases based on anticipated future eligible purchases within
a
fund family at Merrill, in accounts within your Merrill Household, as
further described in the Merrill SLWD
Supplement |
MORGAN
STANLEY |
RAYMOND
JAMES |
UBS
Financial Services Inc. |
Equity
and Debt Securities |
Futures,
Options, and Other
Derivatives |
Other
Investments, Strategies, and/or
Techniques |