| |
1 | |
| |
3 | |
| |
5 | |
5 | |
5 | |
5 | |
| |
5 | |
5 | |
6 | |
| |
7 | |
| |
A-1 | |
A-1 | |
A-2 | |
A-3 | |
A-3 | |
A-12 | |
A-12 | |
A-14 | |
A-17 | |
A-18 | |
A-18 | |
A-19 | |
A-22 | |
A-24 | |
A-26 | |
A-27 | |
A-27 | |
| |
Back
Cover |
Class: |
A |
C |
R |
Y |
R5 |
R6 |
Maximum
Sales Charge (Load) Imposed on
Purchases
(as a percentage of offering price) |
% |
|
|
|
|
|
| ||||||
Maximum
Deferred Sales Charge (Load) (as a
percentage
of original purchase price or
redemption
proceeds, whichever is less) |
|
% |
|
|
|
|
|
Class: |
A |
C |
R |
Y |
R5 |
R6 |
Management
Fees |
% |
% |
% |
% |
% |
% |
| ||||||
Distribution
and/or Service (12b-1) Fees |
|
|
|
|
|
|
| ||||||
Other
Expenses |
|
|
|
|
|
|
| ||||||
Total
Annual Fund Operating Expenses |
|
|
|
|
|
|
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A |
$ |
$ |
$ |
$ |
| ||||
Class
C |
$ |
$ |
$ |
$ |
| ||||
Class
R |
$ |
$ |
$ |
$ |
| ||||
Class
Y |
$ |
$ |
$ |
$ |
| ||||
Class
R5 |
$ |
$ |
$ |
$ |
| ||||
Class
R6 |
$ |
$ |
$ |
$ |
|
|
1
Year |
3
Years |
5
Years |
10
Years |
Class
A |
$ |
$ |
$ |
$ |
| ||||
Class
C |
$ |
$ |
$ |
$ |
| ||||
Class
R |
$ |
$ |
$ |
$ |
| ||||
Class
Y |
$ |
$ |
$ |
$ |
| ||||
Class
R5 |
$ |
$ |
$ |
$ |
| ||||
Class
R6 |
$ |
$ |
$ |
$ |
|
Class
A |
Period
Ended |
Returns |
|
|
|
|
|
- |
|
Inception
Date |
1
Year |
5
Years |
10
Years |
Class
A |
|
|
|
|
Return
Before Taxes |
|
% |
% |
% |
Return
After Taxes on Distributions |
|
|
|
|
Return
After Taxes on Distributions and Sale of
Fund
Shares |
|
|
|
|
| ||||
Class
C |
|
|
|
|
| ||||
Class
R |
|
|
|
|
| ||||
Class
Y |
|
|
|
|
| ||||
Class
R5 |
|
|
1 |
1 |
| ||||
Class
R6 |
|
|
|
|
| ||||
S&P
500®
Index expenses
or taxes) |
|
|
|
|
|
Portfolio
Managers |
Title |
Length
of Service on the Fund |
Manind
Govil, CFA |
Portfolio
Manager (lead) |
2019
(predecessor fund 2009) |
| ||
Benjamin
Ram |
Portfolio
Manager |
2019
(predecessor fund 2009) |
|
Type
of Account |
Initial
Investment
Per
Fund |
Additional
Investments
Per
Fund |
Asset
or fee-based accounts managed by your financial
adviser |
None |
None |
| ||
Employer
Sponsored Retirement and Benefit Plans and
Employer
Sponsored IRAs |
None |
None |
| ||
IRAs
and Coverdell ESAs if the new investor is purchasing
shares
through a systematic purchase plan |
$25 |
$25 |
| ||
All
other types of accounts if the investor is purchasing shares
through
a systematic purchase plan |
50 |
50 |
| ||
IRAs
and Coverdell ESAs |
250 |
25 |
| ||
All
other accounts |
1,000 |
50 |
|
|
Net
asset
value,
beginning
of
period |
Net
investment
income
(loss)(a)
|
Net
gains
(losses)
on
securities
(both
realized
and
unrealized) |
Total
from
investment
operations |
Dividends
from
net
investment
income |
Distributions
from
net
realized
gains |
Total
distributions |
Net
asset
value,
end
of
period |
Total
return(b)
|
Net
assets,
end
of period
(000's
omitted) |
Ratio
of
expenses
to
average
net
assets
with
fee
waivers
and/or expenses
absorbed |
Ratio
of
expenses
to
average net
assets
without
fee
waivers
and/or expenses
absorbed(c) |
Ratio
of net
investment
income
(loss)
to
average
net
assets |
Portfolio
turnover
(d)
|
Class
A | ||||||||||||||
Year
ended 10/31/23 |
$45.05 |
$0.32 |
$3.54 |
$3.86 |
$(0.47) |
$(1.56) |
$(2.03) |
$46.88 |
8.95%(e) |
$7,375,761 |
0.80%(e) |
0.80%(e) |
0.68%(e) |
66% |
Year
ended 10/31/22 |
66.18 |
0.38 |
(10.59) |
(10.21) |
(0.38) |
(10.54) |
(10.92) |
45.05 |
(18.61)(e)
|
7,340,263 |
0.80(e)
|
0.80(e)
|
0.73(e)
|
52 |
Year
ended 10/31/21 |
48.70 |
0.35 |
18.82 |
19.17 |
(0.44) |
(1.25) |
(1.69) |
66.18 |
40.26(e)
|
9,808,667 |
0.82(e)
|
0.82(e)
|
0.58(e)
|
47 |
Year
ended 10/31/20 |
49.26 |
0.44 |
3.08 |
3.52 |
(0.43) |
(3.65) |
(4.08) |
48.70 |
7.38(e)
|
7,502,604 |
0.83(e)
|
0.83(e)
|
0.93(e)
|
37 |
Two
months ended 10/31/19 |
48.16 |
0.07 |
1.03 |
1.10 |
— |
— |
— |
49.26 |
2.28 |
7,681,783 |
0.85(f)
|
0.85(f)
|
0.81(f)
|
7 |
Year
ended 08/31/19 |
54.31 |
0.49 |
1.14 |
1.63 |
(0.49) |
(7.29) |
(7.78) |
48.16 |
5.14 |
7,625,507 |
0.88 |
0.88 |
1.03 |
49 |
| ||||||||||||||
Class
C | ||||||||||||||
Year
ended 10/31/23 |
40.46 |
(0.04) |
3.18 |
3.14 |
(0.09) |
(1.56) |
(1.65) |
41.95 |
8.09 |
189,259 |
1.57 |
1.57 |
(0.09) |
66 |
Year
ended 10/31/22 |
60.54 |
(0.02) |
(9.52) |
(9.54) |
— |
(10.54) |
(10.54) |
40.46 |
(19.20) |
206,387 |
1.57 |
1.57 |
(0.04) |
52 |
Year
ended 10/31/21 |
44.96 |
(0.10) |
17.31 |
17.21 |
(0.38) |
(1.25) |
(1.63) |
60.54 |
39.19 |
307,346 |
1.59 |
1.59 |
(0.19) |
47 |
Year
ended 10/31/20 |
45.99 |
0.07 |
2.86 |
2.93 |
(0.31) |
(3.65) |
(3.96) |
44.96 |
6.55 |
300,125 |
1.60 |
1.60 |
0.16 |
37 |
Two
months ended 10/31/19 |
45.03 |
0.00 |
0.96 |
0.96 |
— |
— |
— |
45.99 |
2.13 |
343,918 |
1.62(f)
|
1.62(f)
|
0.04(f)
|
7 |
Year
ended 08/31/19 |
51.26 |
0.11 |
1.06 |
1.17 |
(0.11) |
(7.29) |
(7.40) |
45.03 |
4.34 |
350,276 |
1.65 |
1.65 |
0.26 |
49 |
| ||||||||||||||
Class
R | ||||||||||||||
Year
ended 10/31/23 |
43.47 |
0.19 |
3.41 |
3.60 |
(0.34) |
(1.56) |
(1.90) |
45.17 |
8.63 |
245,222 |
1.07 |
1.07 |
0.41 |
66 |
Year
ended 10/31/22 |
64.21 |
0.23 |
(10.21) |
(9.98) |
(0.22) |
(10.54) |
(10.76) |
43.47 |
(18.80) |
231,671 |
1.07 |
1.07 |
0.46 |
52 |
Year
ended 10/31/21 |
47.40 |
0.18 |
18.30 |
18.48 |
(0.42) |
(1.25) |
(1.67) |
64.21 |
39.88 |
291,450 |
1.09 |
1.09 |
0.31 |
47 |
Year
ended 10/31/20 |
48.13 |
0.30 |
3.00 |
3.30 |
(0.38) |
(3.65) |
(4.03) |
47.40 |
7.09 |
219,954 |
1.10 |
1.10 |
0.66 |
37 |
Two
months ended 10/31/19 |
47.08 |
0.04 |
1.01 |
1.05 |
— |
— |
— |
48.13 |
2.23 |
221,335 |
1.12(f)
|
1.12(f)
|
0.54(f)
|
7 |
Year
ended 08/31/19 |
53.26 |
0.35 |
1.11 |
1.46 |
(0.35) |
(7.29) |
(7.64) |
47.08 |
4.84 |
218,620 |
1.15 |
1.15 |
0.76 |
49 |
| ||||||||||||||
Class
Y | ||||||||||||||
Year
ended 10/31/23 |
44.69 |
0.43 |
3.50 |
3.93 |
(0.59) |
(1.56) |
(2.15) |
46.47 |
9.20 |
423,217 |
0.57 |
0.57 |
0.91 |
66 |
Year
ended 10/31/22 |
65.75 |
0.49 |
(10.49) |
(10.00) |
(0.52) |
(10.54) |
(11.06) |
44.69 |
(18.42) |
434,168 |
0.57 |
0.57 |
0.96 |
52 |
Year
ended 10/31/21 |
48.31 |
0.48 |
18.67 |
19.15 |
(0.46) |
(1.25) |
(1.71) |
65.75 |
40.57 |
596,575 |
0.59 |
0.59 |
0.81 |
47 |
Year
ended 10/31/20 |
48.82 |
0.54 |
3.07 |
3.61 |
(0.47) |
(3.65) |
(4.12) |
48.31 |
7.64 |
443,001 |
0.60 |
0.60 |
1.16 |
37 |
Two
months ended 10/31/19 |
47.72 |
0.08 |
1.02 |
1.10 |
— |
— |
— |
48.82 |
2.31 |
611,287 |
0.62(f)
|
0.62(f)
|
1.04(f)
|
7 |
Year
ended 08/31/19 |
53.90 |
0.59 |
1.13 |
1.72 |
(0.61) |
(7.29) |
(7.90) |
47.72 |
5.37 |
590,781 |
0.65 |
0.65 |
1.26 |
49 |
| ||||||||||||||
Class
R5 | ||||||||||||||
Year
ended 10/31/23 |
45.40 |
0.47 |
3.55 |
4.02 |
(0.63) |
(1.56) |
(2.19) |
47.23 |
9.28 |
10 |
0.50 |
0.50 |
0.98 |
66 |
Year
ended 10/31/22 |
66.63 |
0.54 |
(10.64) |
(10.10) |
(0.59) |
(10.54) |
(11.13) |
45.40 |
(18.33) |
10 |
0.49 |
0.49 |
1.04 |
52 |
Year
ended 10/31/21 |
48.89 |
0.55 |
18.91 |
19.46 |
(0.47) |
(1.25) |
(1.72) |
66.63 |
40.73 |
15 |
0.48 |
0.48 |
0.92 |
47 |
Year
ended 10/31/20 |
49.33 |
0.61 |
3.08 |
3.69 |
(0.48) |
(3.65) |
(4.13) |
48.89 |
7.75 |
11 |
0.48 |
0.48 |
1.28 |
37 |
Two
months ended 10/31/19 |
48.20 |
0.09 |
1.04 |
1.13 |
— |
— |
— |
49.33 |
2.34 |
11 |
0.52(f)
|
0.52(f)
|
1.14(f)
|
7 |
Period
ended 08/31/19(g)
|
45.79 |
0.18 |
2.23 |
2.41 |
— |
— |
— |
48.20 |
5.26 |
11 |
0.54(f)
|
0.54(f)
|
1.37(f)
|
49 |
| ||||||||||||||
Class
R6 | ||||||||||||||
Year
ended 10/31/23 |
44.70 |
0.46 |
3.49 |
3.95 |
(0.63) |
(1.56) |
(2.19) |
46.46 |
9.26 |
392,928 |
0.50 |
0.50 |
0.98 |
66 |
Year
ended 10/31/22 |
65.78 |
0.53 |
(10.48) |
(9.95) |
(0.59) |
(10.54) |
(11.13) |
44.70 |
(18.35) |
380,913 |
0.49 |
0.49 |
1.04 |
52 |
Year
ended 10/31/21 |
48.28 |
0.54 |
18.68 |
19.22 |
(0.47) |
(1.25) |
(1.72) |
65.78 |
40.75 |
539,993 |
0.48 |
0.48 |
0.92 |
47 |
Year
ended 10/31/20 |
48.77 |
0.60 |
3.05 |
3.65 |
(0.49) |
(3.65) |
(4.14) |
48.28 |
7.75 |
438,565 |
0.48 |
0.48 |
1.28 |
37 |
Two
months ended 10/31/19 |
47.66 |
0.09 |
1.02 |
1.11 |
— |
— |
— |
48.77 |
2.33 |
616,482 |
0.48(f)
|
0.48(f)
|
1.18(f)
|
7 |
Year
ended 08/31/19 |
53.87 |
0.66 |
1.12 |
1.78 |
(0.70) |
(7.29) |
(7.99) |
47.66 |
5.55 |
621,207 |
0.49 |
0.49 |
1.42 |
49 |
|
(a) |
Calculated
using average shares outstanding. |
(b) |
Includes
adjustments in accordance with accounting principles generally accepted in
the United States of America and as such, the net asset value for
financial reporting purposes and the returns
based
upon those net asset values may differ from the net asset value and
returns for shareholder transactions. Does not include sales charges and
is not annualized for periods less than one
year,
if applicable. |
(c) |
Does
not include estimated acquired fund fees from underlying funds of 0.00%
for the two months ended October 31, 2019 and the year
ended August 31, 2019,
respectively. |
(d) |
Portfolio
turnover is calculated at the fund level and is not annualized for periods
less than one year, if
applicable. |
(e) |
The
total return, ratio of expenses to average net assets and ratio of net
investment income (loss) to average net assets reflect actual 12b-1 fees
of 0.23% for the years ended October 31, 2023,
2022,
2021 and 2020, respectively. |
(f) |
Annualized. |
(g) |
Commencement
date after the close of business on May
24, 2019. |
Share
Classes |
|
|
|
|
Class
A |
Class
C |
Class
R |
Class
Y |
Class
R5 and R6 |
▪ Initial
sales charge which may be
waived
or reduced1
|
▪ No
initial sales charge |
▪ No
initial sales charge |
▪ No
initial sales charge |
▪ No
initial sales charge |
▪ CDSC
on certain redemptions1
|
▪ CDSC
on redemptions within one
year
if a commission has been paid |
▪ No
CDSC |
▪ No
CDSC |
▪ No
CDSC |
▪ 12b-1
fee of up to 0.25%2
|
▪ 12b-1
fee of up to 1.00%3
|
▪ 12b-1
fee of up to 0.50% |
▪ No
12b-1 fee |
▪ No
12b-1 fee |
|
▪ Investors
may only open an
account
to purchase Class C
shares
if they have appointed a
financial
intermediary that allows
for
new accounts in Class C shares
to
be opened. This restriction does
not
apply to Employer Sponsored
Retirement
and Benefit Plans. |
▪ Does
not convert to Class A shares |
▪ Does
not convert to Class A shares |
▪ Does
not convert to Class A
shares |
Share
Classes |
|
|
|
|
Class
A |
Class
C |
Class
R |
Class
Y |
Class
R5 and R6 |
|
▪ Eligible
for automatic conversion to
Class
A shares. See “Automatic
Conversion
of Class C and Class
CX
Shares” herein. |
▪ Intended
for Retirement and
Benefit
Plans4
|
|
▪ Special
eligibility requirements and
investment
minimums apply (see
“Share
Class Eligibility – Class R5
and
R6 shares” below) |
|
▪ Purchase
maximums apply |
|
|
|
Category
I Initial Sales Charges | |||
|
Investor’s
Sales Charge | ||
Amount
invested |
As
a % of
Offering
Price |
As
a % of
Investment | |
Less
than |
$50,000 |
5.50% |
5.82% |
| |||
$50,000 but
less than |
$100,000 |
4.50 |
4.71 |
| |||
$100,000 but
less than |
$250,000 |
3.50 |
3.63 |
| |||
$250,000 but
less than |
$500,000 |
2.75 |
2.83 |
| |||
$500,000 but
less than |
$1,000,000 |
2.00 |
2.04 |
|
Category II
Initial Sales Charges | |||
|
Investor’s
Sales Charge | ||
Amount
invested |
As
a % of
Offering
Price |
As
a % of
Investment | |
Less
than |
$100,000 |
4.25% |
4.44% |
| |||
$100,000 but
less than |
$250,000 |
3.50 |
3.63 |
| |||
$250,000 but
less than |
$500,000 |
2.50 |
2.56 |
| |||
$500,000 but
less than |
$1,000,000 |
2.00 |
2.04 |
|
Category
III Initial Sales Charges | |||
|
Investor’s
Sales Charge | ||
Amount
invested |
As
a % of
Offering
Price |
As
a % of
Investment | |
Less
than |
$100,000 |
1.00% |
1.01% |
| |||
$100,000 but
less than |
$250,000 |
0.75 |
0.76 |
| |||
$250,000 but
less than |
$1,000,000 |
0.50 |
0.50 |
|
Category
IV Initial Sales Charges | |||
|
Investor’s
Sales Charge | ||
Amount
invested |
As
a % of
Offering
Price |
As
a % of
Investment | |
Less
than |
$100,000 |
2.50% |
2.56% |
| |||
$100,000 but
less than |
$250,000 |
1.75 |
1.78 |
|
Category V
Initial Sales Charges | |||
|
Investor’s
Sales Charge | ||
Amount
invested |
As
a % of
Offering
Price |
As
a % of
Investment | |
Less
than |
$100,000 |
3.25% |
3.36% |
| |||
$100,000 but
less than |
$250,000 |
2.75 |
2.83 |
| |||
$250,000 but
less than |
$500,000 |
1.75 |
1.78 |
| |||
$500,000 but
less than |
$1,000,000 |
1.50 |
1.52 |
|
Category
VI Initial Sales Charges | |||
|
Investor’s
Sales Charge | ||
Amount
invested |
As
a % of
Offering
Price |
As
a % of
Investment | |
Less
than |
$50,000 |
5.50% |
5.82% |
| |||
$50,000 but
less than |
$100,000 |
4.50 |
4.71 |
| |||
$100,000 but
less than |
$250,000 |
3.50 |
3.63 |
|
Type
of Account |
Initial
Investment
Per
Fund |
Additional
|