|
Inst |
I-2 |
I-3 |
A |
C |
PIMCO
TRENDS Managed Futures Strategy Fund |
PQTIX
|
PQTPX
|
PQTNX
|
PQTAX
|
PQTCX |
|
Inst
Class |
I-2 |
I-3 |
Class
A |
Class
C |
Maximum
Sales Charge (Load) Imposed on
Purchases
(as a percentage of offering price) |
|
|
|
|
|
Maximum
Deferred Sales Charge (Load) (as a
percentage
of the lower of the original purchase
price
or redemption price) |
|
|
|
|
|
|
Inst
Class |
I-2 |
I-3 |
Class
A |
Class
C |
Management
Fees |
|
|
|
|
|
Distribution
and/or Service (12b-1) Fees |
|
|
|
|
|
Other
Expenses(1)
|
|
|
|
|
|
Acquired
Fund Fees and Expenses |
|
|
|
|
|
Total
Annual Fund Operating
Expenses(2)
|
|
|
|
|
|
Fee
Waiver and/or Expense
Reimbursement(3)(4)
|
( |
( |
( |
( |
( |
Total
Annual Fund Operating
Expenses
After Fee Waiver and/or
Expense
Reimbursement |
|
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Institutional
Class |
$ |
$ |
$ |
$ |
I-2 |
$ |
$ |
$ |
$ |
I-3 |
$ |
$ |
$ |
$ |
Class
A |
$ |
$ |
$ |
$ |
Class
C |
$ |
$ |
$ |
$ |
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A |
$ |
$ |
$ |
$ |
Class
C |
$ |
$ |
$ |
$ |
|
|
|
|
|
|
|
|
|
|
1
Year |
5
Years |
Since
Inception |
Inception
Date |
Institutional
Class Return Before Taxes |
|
|
|
|
Institutional
Class Return After Taxes
on
Distributions(1)
|
|
|
|
|
Institutional
Class Return After Taxes
on
Distributions and Sales of Fund
Shares(1)
|
|
|
|
|
I-2
Return Before Taxes |
|
|
|
|
I-3
Return Before Taxes |
|
|
|
|
Class
A Return Before Taxes |
|
|
|
|
ICE
BofA SOFR Overnight Rate Index
(reflects
no deductions for fees,
expenses
or taxes)(2)
|
|
- |
- |
|
3
Month USD LIBOR Index (reflects no
deductions
for fees, expenses or
taxes) |
|
|
|
|
Lipper
Alternative Managed Futures
Funds
Average (reflects no deductions
for
taxes) |
|
|
|
|
|
Management
Fees
| ||||
Fund
Name |
Institutional
Class |
I-2 |
I-3 |
Class
A
|
Class
C |
PIMCO
TRENDS Managed Futures Strategy Fund |
1.40% |
1.50% |
1.60% |
1.55%
|
1.55%(1)
|
Fund
Name
|
Advisory
Fee
All
Classes1
|
PIMCO
TRENDS Managed Futures Strategy Fund |
1.15% |
|
Supervisory
and Administrative Fees | ||||
Fund
Name |
Institutional
Class |
I-2 |
I-3 |
Class
A
|
Class
C |
PIMCO
TRENDS Managed Futures Strategy Fund |
0.25% |
0.35% |
0.45% |
0.40%
|
0.40%(1)
|
Fund |
Portfolio
Manager |
Since |
Recent
Professional Experience
|
PIMCO
TRENDS Managed Futures Strategy
Fund |
Matt
Dorsten |
12/13* |
Executive
Vice President, PIMCO. Mr. Dorsten is a portfolio manager in the
quantitative
strategies
group. He was previously a member of the financial engineering group
working
on
mortgage-backed securities and event-linked bonds. Prior to joining PIMCO
in 2006, he
received
his Ph.D. in theoretical particle physics from the California Institute of
Technology,
where
he was a National Science Foundation Graduate Research Fellow. He holds
undergraduate
degrees in mathematics and physics from Ohio State University.
|
PIMCO
TRENDS Managed Futures Strategy
Fund |
Graham
A. Rennison |
12/13* |
Executive
Vice President, PIMCO. Mr. Rennison is a portfolio manager in the
quantitative
strategies
group focusing on multi-asset-class systematic strategies. He was
previously a
member
of the client analytics group, advising clients on strategic asset
allocation. Prior to
joining
PIMCO in 2011, Mr. Rennison was a director and head of systematic
strategies
research
at Barclays Capital in New York and also spent five years at Lehman
Brothers. He
holds
master’s and undergraduate degrees in mathematics from Cambridge
University,
England. |
Class
A Shares Amount of Purchase
|
Initial
Sales
Charge
as % of
Public
Offering
Price
|
Initial
Sales
Charge
as % of
Net
Amount
Invested
|
Under
$50,000 |
5.50
% |
5.82
% |
$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
+ |
0.00
%* |
0.00
%* |
Years
Since Purchase Payment was Made |
Percentage
Contingent
Deferred
Sales
Charge |
First |
1
% |
Thereafter |
0
% |
Class
A |
Servicing
Fee |
Distribution
Fee |
|
0.25
% |
0.00
% |
Class
C |
Servicing
Fee |
Distribution
Fee |
|
0.25
% |
0.75
% |
Initial
Investment |
Subsequent
Investments |
$1,000
per Fund |
$50 per
Fund |
Initial
Investment |
Subsequent
Investments |
$1
million per account |
None |
|
|
Investment
Operations |
Less
Distributions(c)
|
| ||||
|
|
|
|
| ||||
Selected
Per Share Data for
the
Year or Period Ended^: |
Net
Asset Value
Beginning
of
Year
or Period(a)
|
Net
Investment
Income
(Loss)(b)
|
Net
Realized/
Unrealized
Gain
(Loss) |
Total |
From
Net
Investment
Income |
From
Net
Realized
Capital
Gains |
Total |
Net
Asset Value
End
of Year
or
Period(a)
|
PIMCO
TRENDS Managed Futures Strategy Fund
(Consolidated) | ||||||||
Institutional
Class |
|
|
|
|
|
|
|
|
03/31/2023 |
$12.48 |
$0.08 |
$(0.50) |
$(0.42) |
$(1.42) |
$(0.14) |
$(1.56) |
$10.50 |
03/31/2022 |
10.61 |
(0.13) |
2.38 |
2.25 |
(0.25) |
(0.13) |
(0.38) |
12.48 |
03/31/2021 |
10.61 |
(0.09) |
0.59 |
0.50 |
(0.44) |
(0.06) |
(0.50) |
10.61 |
03/31/2020 |
9.87 |
0.09 |
0.88 |
0.97 |
(0.23) |
0.00 |
(0.23) |
10.61 |
03/31/2019 |
9.53 |
0.13 |
0.28 |
0.41 |
(0.07) |
0.00 |
(0.07) |
9.87 |
I-2 |
|
|
|
|
|
|
|
|
03/31/2023 |
$12.44 |
$0.06 |
$(0.50) |
$(0.44) |
$(1.41) |
$(0.14) |
$(1.55) |
$10.45 |
03/31/2022 |
10.58 |
(0.14) |
2.37 |
2.23 |
(0.24) |
(0.13) |
(0.37) |
12.44 |
03/31/2021 |
10.59 |
(0.11) |
0.59 |
0.48 |
(0.43) |
(0.06) |
(0.49) |
10.58 |
03/31/2020 |
9.86 |
0.07 |
0.88 |
0.95 |
(0.22) |
0.00 |
(0.22) |
10.59 |
03/31/2019 |
9.51 |
0.12 |
0.29 |
0.41 |
(0.06) |
0.00 |
(0.06) |
9.86 |
I-3 |
|
|
|
|
|
|
|
|
03/31/2023 |
$12.46 |
$0.05 |
$(0.49) |
$(0.44) |
$(1.41) |
$(0.14) |
$(1.55) |
$10.47 |
03/31/2022 |
10.60 |
(0.16) |
2.39 |
2.23 |
(0.24) |
(0.13) |
(0.37) |
12.46 |
03/31/2021 |
10.60 |
(0.10) |
0.58 |
0.48 |
(0.42) |
(0.06) |
(0.48) |
10.60 |
03/31/2020 |
9.87 |
0.08 |
0.86 |
0.94 |
(0.21) |
0.00 |
(0.21) |
10.60 |
04/27/2018
- 03/31/2019 |
9.40 |
0.12 |
0.41 |
0.53 |
(0.06) |
0.00 |
(0.06) |
9.87 |
Class
A |
|
|
|
|
|
|
|
|
03/31/2023 |
$12.33 |
$0.01 |
$(0.48) |
$(0.47) |
$(1.38) |
$(0.14) |
$(1.52) |
$10.34 |
03/31/2022 |
10.49 |
(0.18) |
2.36 |
2.18 |
(0.21) |
(0.13) |
(0.34) |
12.33 |
03/31/2021 |
10.50 |
(0.12) |
0.57 |
0.45 |
(0.40) |
(0.06) |
(0.46) |
10.49 |
03/31/2020 |
9.78 |
0.06 |
0.85 |
0.91 |
(0.19) |
0.00 |
(0.19) |
10.50 |
03/31/2019 |
9.44 |
0.09 |
0.28 |
0.37 |
(0.03) |
0.00 |
(0.03) |
9.78 |
|
Ratios/Supplemental
Data | ||||||
|
|
Ratios
to Average Net Assets |
| ||||
Total
Return(d)
|
Net
Assets
End
of
Year
or
Period
(000s) |
Expenses |
Expenses
Excluding
Waivers |
Expenses
Excluding
Interest
Expense |
Expenses
Excluding
Interest
Expense
and
Waivers |
Net
Investment
Income
(Loss) |
Portfolio
Turnover
Rate |
| |||||||
|
|
|
|
|
|
|
|
(4.25
)% |
$3,088,384 |
1.90
% |
2.08
% |
1.41
% |
1.59
% |
0.64
% |
433
% |
21.48 |
2,211,453 |
1.46 |
1.70 |
1.40 |
1.64 |
(1.15
) |
35 |
5.00 |
888,307 |
1.40 |
1.65 |
1.37 |
1.62 |
(0.86
) |
48 |
9.96 |
617,532 |
1.37 |
1.69 |
1.28 |
1.60 |
0.94 |
18 |
4.27 |
494,751 |
1.26 |
1.62 |
1.22 |
1.58 |
1.33 |
30 |
|
|
|
|
|
|
|
|
(4.42
)% |
$722,203 |
2.00
% |
2.18
% |
1.51
% |
1.69
% |
0.51
% |
433
% |
21.37 |
395,122 |
1.56 |
1.80 |
1.50 |
1.74 |
(1.24
) |
35 |
4.85 |
103,899 |
1.50 |
1.75 |
1.47 |
1.72 |
(1.05
) |
48 |
9.83 |
26,567 |
1.47 |
1.79 |
1.38 |
1.70 |
0.71 |
18 |
4.29 |
2,615 |
1.36 |
1.72 |
1.32 |
1.68 |
1.22 |
30 |
|
|
|
|
|
|
|
|
(4.46
)% |
$72,830 |
2.05
% |
2.28
% |
1.56
% |
1.79
% |
0.38
% |
433
% |
21.27 |
67,409 |
1.61 |
1.90 |
1.55 |
1.84 |
(1.35
) |
35 |
4.87 |
13,869 |
1.55 |
1.85 |
1.52 |
1.82 |
(1.01
) |
48 |
9.74 |
8,468 |
1.52 |
1.89 |
1.43 |
1.80 |
0.80 |
18 |
5.63 |
7,900 |
1.41
* |
1.82
* |
1.37
* |
1.78
* |
1.36
* |
30 |
|
|
|
|
|
|
|
|
(4.68
)% |
$101,476 |
2.30
% |
2.48
% |
1.81
% |
1.99
% |
0.11
% |
433
% |
21.04 |
84,948 |
1.86 |
2.10 |
1.80 |
2.04 |
(1.56
) |
35 |
4.56 |
30,969 |
1.80 |
2.05 |
1.77 |
2.02 |
(1.15
) |
48 |
9.51 |
53,242 |
1.77 |
2.09 |
1.68 |
2.00 |
0.59 |
18 |
3.93 |
52,416 |
1.66 |
2.02 |
1.62 |
1.98 |
0.92 |
30 |
Front-end
Sales Load Waivers on Class A Shares available at Merrill
Lynch |
Employer-sponsored
retirement, deferred compensation and employee benefit plans (including
health savings accounts) and trusts used to fund those plans, provided
that the shares are not held in
a
commission-based brokerage account and shares are held for the benefit of
the plan |
Shares
purchased by a 529 Plan (does not include 529 Plan units or 529-specific
share classes or equivalents) |
Shares
purchased through a Merrill Lynch affiliated investment advisory
program |
Shares
of Funds purchased through the Merrill Edge Self-Directed
platform |
Shares
exchanged due to the holdings moving from a Merrill Lynch affiliated
investment advisory program to a Merrill Lynch brokerage (non-advisory)
account pursuant to Merrill Lynch’s policies
relating
to sales load discounts and waivers |
Shares
purchased by third party investment advisors on behalf of their advisory
clients through Merrill Lynch’s platform |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing shares of the same fund (but not any other
fund within the fund family) |
Shares
exchanged from Class C (i.e.,
level-load) shares of the same fund pursuant to Merrill Lynch’s policies
relating to sales load discounts and waivers |
Employees
and registered representatives of Merrill Lynch or its affiliates and
their family members |
Directors
or Trustees of the Fund, and employees of the Fund’s investment adviser or
any of its affiliates, as described in the this
prospectus |
Eligible
shares purchased from the proceeds of redemptions within the same fund
family, provided (1) the repurchase occurs within 90 days following the
redemption, (2) the redemption and
purchase
occur in the same account, and (3) redeemed shares were subject to a
front-end or deferred sales load (known as Rights of Reinstatement).
Automated transactions (i.e.
systematic
purchases
and withdrawals) and purchases made after shares are automatically sold to
pay Merrill Lynch’s account maintenance fees are not eligible for
reinstatement |
CDSC
Waivers on A and C Shares available at Merrill
Lynch |
Death
or disability of the shareholder |
Shares
sold as part of a systematic withdrawal plan as described in the Fund’s
prospectus |
Return
of excess contributions from an IRA Account |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts pursuant to the Internal Revenue Code |
Shares
sold to pay Merrill Lynch fees but only if the transaction is initiated by
Merrill Lynch |
Shares
acquired through a right of reinstatement |
Shares
held in retirement brokerage accounts, that are exchanged for a lower cost
share class due to transfer to a certain fee based account or platform
(applicable to A and C shares only) |
Class
A shares sold as a result of exchanges of shares purchased through a
Merrill Lynch affiliated investment advisory program due to the holdings
moving from the program to a Merrill Lynch
brokerage
(non-advisory) account |
Shares
received through an exchange due to the holdings moving from a Merrill
Lynch affiliated investment advisory program to a Merrill Lynch brokerage
(non-advisory) account pursuant to Merrill
Lynch’s
policies relating to sales load discounts and
waivers |
Front-end
load Discounts Available at Merrill Lynch: Breakpoints, Rights of
Accumulation & Letters of Intent |
Breakpoints
as described in this prospectus. |
Rights
of Accumulation (ROA) which entitle shareholders to breakpoint discounts
as described in the Fund’s prospectus will be automatically calculated
based on the aggregated holding of fund
family
assets held by accounts (including 529 program holdings, where applicable)
within the purchaser’s household at Merrill Lynch. Eligible fund family
assets not held at Merrill Lynch may be
included
in the ROA calculation only if the shareholder notifies his or her
financial advisor about such assets |
Letters
of Intent (LOI) which allow for breakpoint discounts based on anticipated
purchases within a fund family, through Merrill Lynch, over a 13-month
period of time |
Class
A Shares Front-End Sales Charge Waivers available at Ameriprise
Financial |
Employer-sponsored
retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b)
plans, profit sharing and money purchase pension plans and defined benefit
plans). For purposes of
this
provision, employer-sponsored retirement plans do not include SEP IRAs,
Simple IRAs or SAR-SEPs. |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing shares of the same Fund (but not any other
fund within the same fund family). |
Shares
exchanged from Class C shares of the same fund in the month of or
following the 7-year anniversary of the purchase date. To the extent that
this prospectus elsewhere provides for a waiver
with
respect to exchanges of Class C shares or conversion of Class C shares
following a shorter holding period, that waiver will
apply. |
Employees
and registered representatives of Ameriprise Financial or its affiliates
and their immediate family members. |
Shares
purchased by or through qualified accounts (including IRAs, Coverdell
Education Savings Accounts, 401(k)s, 403(b) TSCAs subject to ERISA and
defined benefit plans) that are held by a
covered
family member, defined as an Ameriprise financial advisor and/or the
advisor’s spouse, advisor’s lineal ascendant (mother, father, grandmother,
grandfather, great grandmother, great
grandfather),
advisor’s lineal descendant (son, step-son, daughter, step-daughter,
grandson, granddaughter, great grandson, great granddaughter) or any
spouse of a covered family member who is
a
lineal descendant. |
Shares
purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs within 90 days following the
redemption, (2) the redemption and purchase
occur
in the same account, and (3) redeemed shares were subject to a front-end
or deferred sales load (i.e.
Rights of Reinstatement). |
Front-end
Sales Charge Waivers on Class A Shares available at Morgan Stanley Wealth
Management |
Employer-sponsored
retirement plans (e.g.,
401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing
and money purchase pension plans and defined benefit plans). For purposes
of
this
provision, employer-sponsored retirement plans do not include SEP IRAs,
Simple IRAs, SAR-SEPs or Keogh plans. |
Morgan
Stanley employee and employee-related accounts according to Morgan
Stanley’s account linking rules. |
Shares
purchased through reinvestment of dividends and capital gains
distributions when purchasing shares of the same
Fund. |
Shares
purchased through a Morgan Stanley self-directed brokerage
account. |
Class
C (i.e.,
level-load) shares that are no longer subject to a contingent deferred
sales charge and are converted to Class A shares of the same Fund pursuant
to Morgan Stanley Wealth
Management’s
share class conversion program. |
Shares
purchased from the proceeds of redemptions within the same fund family,
provided (i) the repurchase occurs within 90 days following the
redemption, (ii) the redemption and purchase occur
in
the same account, and (iii) redeemed shares were subject to a front-end or
deferred sales charge. |
Front-end
sales load waivers on Class A Shares available at Raymond
James |
Shares
purchased in an investment advisory program. |
Shares
purchased within the same fund family through a systematic reinvestment of
capital gains and dividend distributions. |
Employees
and registered representatives of Raymond James and their family members
as designated by Raymond James. |
Shares
purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs within 90 days following the
redemption, (2) the redemption and purchase
occur
in the same account, and (3) redeemed shares were subject to a front-end
or deferred sales load (known as Rights of
Reinstatement). |
A
shareholder in the Fund’s Class C shares will have their shares converted
at net asset value to Class A shares (or the appropriate share class as
determined by Raymond James) of the Fund if the
shares
are no longer subject to a CDSC and the conversion is in line with the
policies and the procedures of Raymond James. More information regarding
mutual fund shares purchased through a
Raymond
James platform or account, including the conversion described above, can
be found in the Mutual Fund Investing disclosures available on the Raymond
James website. |
CDSC
Waivers on Class A and C Shares available at Raymond
James |
Death
or disability of the shareholder. |
Shares
sold as part of a systematic withdrawal plan as described in the fund’s
prospectus. |
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 shareholder reaching the qualified age based on
applicable Internal Revenue Service regulations as
described
in the fund’s prospectus or
SAI. |
Shares
sold to pay Raymond James fees but only if the transaction is initiated by
Raymond James. |
Shares
acquired through a right of reinstatement. |
Front-end
Load Discounts available at Raymond James: Breakpoints, Rights of
Accumulation and/or Letters of Intent |
Breakpoints
as described in this prospectus. |
Rights
of accumulation which entitle shareholders to breakpoint discounts will be
automatically calculated based on the aggregated holding of fund family
assets held by accounts within the
purchaser’s
household at Raymond James. Eligible fund family assets not held at
Raymond James may be included in the calculation of rights of accumulation
only if the shareholder notifies his or
her
financial advisor about such assets. |
Letters
of intent which allow for breakpoint discounts based on anticipated
purchases within a fund family, over a 13-month time period. Eligible fund
family assets not held at Raymond James may
be
included in the calculation of letters of intent only if the shareholder
notifies his or her financial advisor about such
assets. |
Breakpoints |
Breakpoint
pricing, otherwise known as volume pricing, at dollar thresholds as
described in the prospectus. |
Rights
of Accumulation (“ROA”) |
The
applicable sales charge on a purchase of Class A shares is determined by
taking into account all share classes (except certain money market funds
and any assets held in group retirement plans)
of
the PIMCO family of funds held by the shareholder or in an account grouped
by Edward Jones with other accounts for the purpose of providing certain
pricing considerations (“pricing groups”). If
grouping
assets as a shareholder, this includes all share classes held on the
Edward Jones platform and/or held on another platform. The inclusion of
eligible fund family assets in the ROA calculation
is
dependent on the shareholder notifying Edward Jones of such assets at the
time of calculation. Money market funds are included only if such shares
were sold with a sales charge at the time of
purchase
or acquired in exchange for shares purchased with a sales
charge. |
The
employer maintaining a SEP IRA plan and/or SIMPLE IRA plan may elect to
establish or change ROA for the IRA accounts associated with the plan to a
plan-level grouping as opposed to
including
all share classes at a shareholder or pricing group
level. |
ROA
is determined by calculating the higher of cost minus redemptions or
market value (current shares x NAV). |
Letter
of Intent (“LOI”) |
Through
a LOI, shareholders can receive the sales charge and breakpoint discounts
for purchases shareholders intend to make over a 13-month period from the
date Edward Jones receives the LOI.
The
LOI is determined by calculating the higher of cost or market value of
qualifying holdings at LOI initiation in combination with the value that
the shareholder intends to buy over a 13-month
period
to calculate the front-end sales charge and any breakpoint discounts. Each
purchase the shareholder makes during that 13-month period will receive
the sales charge and breakpoint discount
that
applies to the total amount. The inclusion of eligible fund family assets
in the LOI calculation is dependent on the shareholder notifying Edward
Jones of such assets at the time of calculation.
Purchases
made before the LOI is received by Edward Jones are not adjusted under the
LOI and will not reduce the sales charge previously paid. Sales charges
will be adjusted if LOI is not met. |
If
the employer maintaining a SEP IRA plan and/or SIMPLE IRA plan has elected
to establish or change ROA for the IRA accounts associated with the plan
to a plan-level grouping, LOIs will also be
at
the plan-level and may only be established by the
employer. |
Sales
Charge Waivers |
Sales
charges are waived for the following shareholders and in the following
situations: |
Associates
of Edward Jones and its affiliates and other accounts in the same pricing
group (as determined by Edward Jones under its policies and procedures) as
the associate. This waiver will
continue
for the remainder of the associate's life if the associate retires from
Edward Jones in good-standing and remains in good standing pursuant to
Edward Jones' policies and procedures. |
Shares
purchased in an Edward Jones fee-based program. |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment.
|
Shares
purchased from the proceeds of redeemed shares of the same fund family so
long as the following conditions are met: the proceeds are from the sale
of shares within 60 days of the
purchase,
the sale and purchase are made from a share class that charges a front
load and one of the following:
|
(i)
The redemption and repurchase occur in the same account.
|
(ii)
The redemption proceeds are used to process an: IRA contribution, excess
contributions, conversion, recharacterizing of contributions, or
distribution, and the repurchase is done in an account
within
the same Edward Jones grouping for ROA.
|
Shares
exchanged into Class A shares from another share class so long as the
exchange is into the same fund and was initiated at the discretion of
Edward Jones. Edward Jones is responsible for any
remaining
CDSC due to the fund company, if applicable. Any future purchases are
subject to the applicable sales charge as disclosed in the
prospectus. |
Exchanges
from Class C shares to Class A shares of the same fund, generally, in the
84th
month following the anniversary of the purchase date or earlier at the
discretion of Edward Jones. |
Contingent
Deferred Sales Charge (“CDSC”)
Waivers |
If
the shareholder purchases shares that are subject to a CDSC and those
shares are redeemed before the CDSC is expired, the shareholder is
responsible
to pay the CDSC except in the following
conditions: |
The
death or disability of the shareholder. |
Systematic
withdrawals with up to 10% per year of the account
value. |
Return
of excess contributions from an Individual Retirement Account
(IRA). |
Shares
redeemed as part of a required minimum distribution for IRA and retirement
accounts if the redemption is taken in or after the year the shareholder
reaches qualified age based on applicable
IRS
regulations. |
Shares
redeemed to pay Edward Jones fees or costs in such cases where the
transaction is initiated by Edward Jones. |
Shares
exchanged in an Edward Jones fee-based program. |
Shares
acquired through NAV reinstatement. |
Shares
redeemed at the discretion of Edward Jones for Minimums Balances, as
described below. |
Minimum
Purchase Amounts |
Initial
purchase minimum: $250 |
Subsequent
purchase minimum: none |
Minimum
Balances
|
Edward
Jones has the right to redeem at its discretion fund holdings with a
balance of $250 or less. The following are examples of accounts that are
not included in this policy: |
A
fee-based account held on an Edward Jones platform
|
A
529 account held on an Edward Jones platform
|
An
account with an active systematic investment plan or
LOI |
Exchanging
Share Classes
|
At
any time it deems necessary, Edward Jones has the authority to exchange at
NAV a shareholder's holdings in a fund to Class A shares of the same
fund. |
Front-end
sales charge waivers on Class A shares available at
Janney |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing shares of the same Fund (but not any other
fund within the fund family). |
Shares
purchased by employees and registered representatives of Janney or its
affiliates and their family members as designated by
Janney. |
Shares
purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs within ninety (90) days following the
redemption, (2) the redemption and
purchase
occur in the same account, and (3) redeemed shares were subject to a
front-end or deferred sales load (i.e.,
right of reinstatement). |
Employer-sponsored
retirement plans (e.g.,
401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing
and money purchase pension plans and defined benefit plans). For purposes
of
this
provision, employer-sponsored retirement plans do not include SEP IRAs,
Simple IRAs, SAR-SEPs or Keogh plans. |
Shares
acquired through a right of reinstatement. |
Class
C shares that are no longer subject to a CDSC and are converted to Class A
shares of the same Fund pursuant to Janney’s policies and
procedures. |
CDSC
Waivers on Class A and C Shares available at
Janney |
Shares
sold upon the death or disability of the
shareholder. |
Shares
sold as part of a systematic withdrawal plan as described in the Fund’s
Prospectus. |
Shares
purchased in connection with a return of excess contributions from an IRA
account. |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts if the redemption is taken in or after the year the shareholder
reaches qualified age based on applicable IRS
regulations. |
Shares
sold to pay Janney fees but only if the transaction is initiated by
Janney. |
Shares
acquired through a right of reinstatement. |
Shares
exchanged into the same share class of a different
fund. |
Front-end
sales charge* discounts available at Janney: breakpoints, rights of
accumulation (“ROA”), and/or letters of
intent |
Breakpoints
as described in the Fund’s Prospectus. |
ROA,
which entitle shareholders to breakpoint discounts, will be automatically
calculated based on the aggregated holding of fund family assets held by
accounts within the purchaser’s household
at
Janney. Eligible fund family assets not held at Janney may be included in
the ROA calculation only if the shareholder notifies his or her financial
advisor about such assets. |
Letters
of intent which allow for breakpoint discounts based on anticipated
purchases within a fund family, over a 13-month time period. Eligible fund
family assets not held at Janney may be
included
in the calculation of letters of intent only if the shareholder notifies
his or her financial advisor about such
assets. |
Front-end
Sales Load Waivers on Class A Shares available at
OPCO |
Employer-sponsored
retirement, deferred compensation and employee benefit plans (including
health savings accounts) and trusts used to fund those plans, provided
that the shares are not held in
a
commission-based brokerage account and shares are held for the benefit of
the plan |
Shares
purchased by or through a 529 plan |
Shares
purchased through an OPCO affiliated investment advisory
program |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing shares of the same Fund (but not any other
fund within the fund family) |
Shares
purchased from the proceeds of redemptions within the same fund family,
provided (1) the repurchase occurs within 90 days following the
redemption, (2) the redemption and purchase
occur
in the same account, and (3) redeemed shares were subject to a front-end
or deferred sales load (known as rights of
reinstatement). |
A
shareholder in the Fund’s Class C shares purchased prior to July 1, 2015
will have their shares converted at net asset value to Class A shares (or
the appropriate share class) of the Fund if the
shares
are no longer subject to a CDSC and the conversion is in line with the
policies and procedures of OPCO. More information regarding mutual fund
shares purchased through an OPCO platform
or
account, including the conversion described above, can be found in the
disclosures available on the OPCO website. |
Employees
and registered representatives of OPCO or its affiliates and their family
members |
Directors
or Trustees of the Fund, and employees of the Fund’s investment adviser or
any of its affiliates, as described in this
prospectus |
CDSC
Waivers on Class A and C Shares available at OPCO |
Death
or disability of the shareholder |
Shares
sold as part of a systematic withdrawal plan as described in the Fund’s
prospectus |
Return
of excess contributions from an IRA Account |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts pursuant to the Internal Revenue Code as described in the
prospectus |
Shares
sold to pay OPCO fees but only if the transaction is initiated by
OPCO |
Shares
acquired through a right of reinstatement |
Front-end
load Discounts Available at OPCO: Breakpoints, Rights of Accumulation
& Letters of Intent |
Breakpoints
as described in this prospectus |
Rights
of Accumulation (ROA) which entitle shareholders to breakpoint discounts
will be automatically calculated based on the aggregated holding of fund
family assets held by accounts within the
purchaser’s
household at OPCO. Eligible fund family assets not held at OPCO may be
included in the ROA calculation only if the shareholder notifies his or
her financial advisor about such
assets |
Front-End
Sales Charge Waivers on Class A Shares available at
Baird |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing share of the same
Fund |
Shares
purchased by employees and registered representatives of Baird or its
affiliates and their family members as designated by Baird according to
its policies and procedures |
Shares
purchased from the proceeds of redemptions from a fund of the fund family,
provided (1) the repurchase occurs within 90 days following the
redemption, (2) the redemption and purchase
occur
in the same account, and (3) redeemed shares were subject to a front-end
or deferred sales charge (known as rights of
reinstatement) |
A
shareholder in the Fund’s Class C shares will have their share converted
at net asset value to Class A shares of the Fund if the shares are no
longer subject to a CDSC and the conversion is in line
with
the policies and procedures of Baird |
Employer-sponsored
retirement plans or charitable accounts in a transactional brokerage
account at Baird, including 401(k) plans, 457 plans, employer-sponsored
403(b) plans, profit sharing and
money
purchase pension plans and defined benefit plans. For purposes of this
provision, employer-sponsored retirement plans do not include SEP IRAs,
Simple IRAs or SAR-SEPs |
CDSC
Waivers on Class A and C Shares available at
Baird |
Shares
sold due to death or disability of the
shareholder |
Shares
sold as part of a systematic withdrawal plan as described in the Fund’s
Prospectus |
Shares
bought due to returns of excess contributions from an IRA
Account |
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts due to the shareholder reaching the qualified age based on
applicable Internal Revenue Service regulations as
described
in the Fund’s prospectus |
Shares
sold to pay Baird fees but only if the transaction is initiated by
Baird |
Shares
acquired through a right of reinstatement |
Front-End
Sales Charge Discounts available at Baird: Breakpoints, Rights of
Accumulation and/or Letters of Intent |
Breakpoints
as described in this prospectus |
Rights
of accumulation which entitle shareholders to breakpoint discounts will be
automatically calculated based on the aggregated holdings of fund family
assets held by accounts within the
purchaser’s
household at Baird. Eligible fund family assets not held at Baird may be
included in the rights of accumulation calculation only if the shareholder
notifies his or her financial advisor about
such
assets |
Letters
of Intent (LOI) allow for breakpoint discounts based on anticipated
purchases of the fund family through Baird, over a 13-month period of
time |
CLASS
A SHARES |
As
described elsewhere in this prospectus, Stifel may receive compensation
out of the front-end sales charge if you purchase Class A shares through
Stifel. |
Rights
of accumulation |
Rights
of accumulation (“ROA”) that entitle shareholders to breakpoint discounts
on front-end sales charges will be calculated by Stifel based on the
aggregated holding of all assets in all classes of
shares
of the fund family held by accounts within the purchaser’s household at
Stifel. Eligible fund family assets not held at Stifel may be included in
the calculation of ROA only if the shareholder
notifies
his or her financial advisor about such assets.
|
The
employer maintaining a SEP IRA plan and/or SIMPLE IRA plan may elect to
establish or change ROA for the IRA accounts associated with the plan to a
plan-level grouping as opposed to
including
all share classes at a shareholder or pricing group
level. |
Front-end
sales charge waivers on Class A shares available at
Stifel |
Front-end
sales charges may be waived for the following shareholders and in the
following situations: |
Class
C shares that have been held for more than seven (7) years may be
converted to Class A shares or other classes that have front-end loads of
the same fund pursuant to Stifel's policies and
procedures.
To the extent that this prospectus elsewhere provides for a waiver with
respect to the exchange or conversion of such shares following a shorter
holding period, that waiver will apply. |
Shares
purchased by employees and registered representatives of Stifel or its
affiliates and their family members as defined by
Stifel. |
Shares
purchased in an Stifel fee-based advisory program, often referred to as a
“wrap” program. |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing shares of the same or other fund within the
fund family.
|
Shares
purchased from the proceeds of redeemed shares of the same fund family so
long as the proceeds are from the sale of shares from an account with the
same owner or beneficiary within
90
days of the purchase (rights of reinstatement). For the absence of doubt,
shares redeemed through a systematic withdrawal plan are not eligible for
rights of reinstatement. |
Shares
purchased in connection with rollovers from retirement plans to
IRAs. |
Shares
exchanged into Class A shares from another share class so long as the
exchange is into the same fund and was initiated at the direction of
Stifel. Stifel is responsible for any remaining CDSC
due
to the fund company, if applicable. Any future purchases are subject to
the applicable sales charge as disclosed in the prospectus.
|
Purchases
of Class 529-A shares through a rollover from another 529
plan.
|
Purchases
of Class 529-A shares made for reinvestment of refunded
amounts.
|
Employer-sponsored
retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b)
plans, profit sharing and money purchase pension plans and defined benefit
plans). For purposes of
this
provision, employer-sponsored retirement plans do not include SEP IRAs,
Simple IRAs or SAR-SEPs. |
All
other sales charge waivers and reductions described elsewhere in the
fund’s prospectus or SAI still apply. |
Contingent
Deferred Sales Charges Waivers on Class A and C
Shares |
Death
or disability of the shareholder or, in the case of 529 plans, the account
beneficiary. |
Shares
sold as part of a systematic withdrawal plan not to exceed 12%
annually. |
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 shareholder reaching the qualified age based on
applicable Internal Revenue Service regulations. |
Shares
sold in connection with a right of reinstatement. |
Shares
sold to pay Stifel fees or costs in such cases where the transaction is
initiated by Stifel. |
Shares
exchanged or sold in a Stifel fee-based advisory or “wrap”
program.
|
All
other sales charge waivers and reductions described elsewhere in the
fund’s prospectus or SAI still apply (excluding those offered by other
intermediaries). |
Share
Class Conversions in Advisory Accounts |
Stifel
reserves the right to convert shares to the lowest cost share class
available at Stifel without incurring a sales charge upon transfer of
shares into a Stifel-affiliated advisory
program. |
Front-end
sales charge waivers on Class A shares available at J.P. Morgan Securities
LLC |
Shares
exchanged from Class C (i.e., level-load) shares that are no longer
subject to a CDSC and are exchanged into Class A shares of the same fund
pursuant to J.P. Morgan Securities LLC’s share
class
exchange policy. |
Qualified
employer-sponsored defined contribution and defined benefit retirement
plans and nonqualified deferred compensation plans, and other employee
benefit plans and trusts used to fund
those
plans. For purposes of this provision, such plans do not include SEP IRAs,
SIMPLE IRAs, SAR-SEPs or 501(c)(3) accounts.
|
Shares
of funds purchased through J.P. Morgan Securities LLC Self-Directed
Investing accounts. |
Shares
purchased through rights of reinstatement as described in the Classes of
Shares – Sales Charges – Reinstatement Privilege section of this
prospectus. |
Shares
purchased through reinvestment of capital gains distributions and dividend
reinvestment when purchasing shares of the same fund (but not any other
fund within the fund family).
|
Shares
purchased by employees and registered representatives of J.P. Morgan
Securities LLC or its affiliates, or their spouses or financial
dependents, in each case as defined by J.P. Morgan Securities
LLC.
|
Class
C to Class A share conversion |
A
shareholder in the fund’s Class C shares will have their shares converted
by J.P. Morgan Securities LLC to Class A shares (or the appropriate share
class) of the same fund if the shares are no longer
subject
to a CDSC and the conversion is consistent with J.P. Morgan Securities
LLC’s policies and procedures [as stated in certain J.P. Morgan Securities
LLC brokerage disclosures.] |
CDSC
waivers on Class A and C shares available at J.P. Morgan Securities
LLC |
Shares
sold upon the death or disability of the
shareholder. |
Shares
sold as part of a systematic withdrawal plan as described in the fund’s
prospectus.
|
Shares
purchased in connection with a return of excess contributions from an IRA
account.
|
Shares
sold as part of a required minimum distribution for IRA and retirement
accounts pursuant to the Internal Revenue Code. |
Shares
acquired through a right of reinstatement. |
Front-end
load discounts available at J.P. Morgan Securities LLC: breakpoints,
rights of accumulation and letters of intent |
Breakpoints
as described in this prospectus.
|
Rights
of Accumulation (“ROA”) which entitle shareholders to breakpoint discounts
as described in this prospectus will be automatically calculated based on
the aggregated holding of fund family
assets
held by accounts within the purchaser’s household at J.P. Morgan
Securities LLC. Eligible fund family assets not held at J.P. Morgan
Securities LLC (including 529 program holdings, where
applicable)
may be included in the ROA calculation only if the shareholder notifies
their financial advisor about such
assets. |
Letters
of Intent (“LOI”) which allow for breakpoint discounts based on
anticipated purchases within a fund family, through J.P. Morgan Securities
LLC, over a 13-month period of time. Eligible fund
family
assets not held at J.P. Morgan Securities LLC (including 529 program
holdings, where applicable) may be included in the LOI calculation only if
the shareholder notifies their financial advisor
about
such assets. |