Investment philosophy / process

A dynamic asset allocation strategy that combines three specialized investment disciplines in one portfolio:

  • Active Equity Strategy - an actively managed approach that seeks to identify growth companies that have three to five year cash flow1 potential that is not reflected in the current stock price.
  • Rules-based Index Equity Strategy - a large cap value focused indexed approach that leverages the CAPE® ratio2, which is designed to assess longer term equity valuations by using an inflation adjusted earnings horizon.
  • Multi-sector Fixed Income - a team managed approach that uses a bottom up security selection process and controlled risk approach in managing fixed income assets.

1Free cash flow is revenue less operating expense including interest expense and maintenance capital spending. It's discretionary cash that a company has after all expenses and is available for purposes such as dividend payments, investing back into the business or share repurchases.

2The CAPE Ratio (Cyclically Adjusted Price-to-Earnings) is calculated by taking the S&P 500 and dividing it by the average of ten years of earnings. If the ratio is above the long-term average of around 16, the stock market is considered expensive.

Fund details

Class A Class I Class R
Net asset value as of
Daily change $
Daily change %
Status Open Open Open
ISIN US68259P5706 US68259P5540 US68259P5474
Investment minimum* $1,000 for all accounts except:
  • $500 for certain fee-based programs
  • $500, if establishing an Automatic Bank Draft Plan
  • $250 minimum for purchases by accounts through eligible financial intermediary platforms that have entered into selling or service agreements with the Distributor and that are eligible to purchase Class A shares without a sales charge
  • No minimum for certain employer-sponsored retirement plans and certain wrap fee based programs
$1,000,000 for certain institutions and individuals
  • $1,000 for certain employees (or their immediate family members) of Equitable Financial or its subsidiaries
  • Class I shares are available to clients of registered investment advisers who have $250,000 invested in the Fund
  • No minimum investment for a wrap account client of an eligible broker-dealer or a client of a fee-based planner that is unaffiliated with a broker-dealer
No minimum
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*Read the Prospectus for more information

How the Fund invests

The Fund invests in a diversified range of securities and other financial instruments, including derivatives, which provide investment exposure to equity and fixed income investments. The Fund will maintain a strategic, or typical, allocation of approximately 60% to equity securities and approximately 40% to fixed income securities. The Fund employs a dynamic asset allocation strategy by periodically shifting allocations among asset classes and market sectors based on market opportunities.

Fund objective

Seeks to achieve total return from long-term capital appreciation and income.

Asset allocation

Excludes cash and subject to change.

Portfolio managers


Top 15 holdings

Security Weight %

1quarter holdings are based on the fiscal year

Top holdings exclude cash, cash equivalents and money market funds.


Daily performance as of

Total returns
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Monthly performance as of

Total returns
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Quarterly performance as of

Total returns
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*Calculation Benchmark: Morningstar Mod Tgt Risk TR USD

Morningstar Rating: category as of

Overall 3 year 5 year
# of funds
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Overall Morningstar Rating as of based on risk-adjusted returns (I share).

Morningstar category ranking as of

rank percentile Morningstar RatingTM Out of # of funds
1 year
3 year
5 year
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As of , for class I shares (). Other share classes may have different ratings. The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10- year (if applicable) Morningstar Rating metrics. Past performance is no guarantee of future results. The Morningstar percentile ranking is based on the fund’s total-return percentile rank relative to all managed products that have the same category for the same time period. The highest (or most favorable) percentile rank is 1%, and the lowest (or least favorable) percentile rank is 100%. Morningstar total return includes both income and capital gains or losses and is not adjusted for sales charges.

Expense ratios as of

Fund Gross expense ratio Net expense ratio6
Class A shares
Class I shares
Class R shares

Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Current performance data may be higher or lower than actual data quoted. For the most current month-end performance data please call (855) 379-9186.

One cannot invest directly in an index.

Returns for periods of less than one year are not annualized.

1Fund inception date of March 7, 2016.

2Maximum Offering Price (MOP) for Class A shares includes the Fund's maximum sales charge of 5.50%. Performance shown at NAV does not include these sales charges and would have been lower had it been taken into account.

3S&P 500 Index is an unmanaged index which contains 500 of the largest U.S. industrial, transportation, utility and financial companies deemed by Standard and Poor’s to be representative of the larger capitalization portion of the U.S. stock market.

4Bloomberg U.S. Aggregate Bond Index is an unmanaged index considered representative of the U.S. investment-grade fixed-rate bond market. Includes government and credit securities, agency mortgage pass through securities, asset-backed securities, and commercial mortgage-backed securities, rebalanced on a monthly basis.

560% S&P 500 Index / 40% Bloomberg U.S. Aggregate Bond Index blends 60% of the S&P 500 Index and 40% of the Bloomberg U.S. Aggregate Bond Index, rebalanced on a monthly basis.

6Pursuant to a contract, Equitable Investment Management has agreed to make payments or waive its management, administrative and other fees to limit the expenses of the Fund through April 30, 2023 (unless the Board of Trustees consents to an earlier revision or termination of this arrangement) (“Expense Limitation Arrangement”) so that the annual operating expenses (including Acquired Fund Fees and Expenses) of the Fund (exclusive of taxes, interest, brokerage commissions, capitalized expenses (other than offering costs), 12b-1 fees, and extraordinary expenses not incurred in the ordinary course of the Fund’s business) do not exceed an annual rate of average daily net assets of 0.95% for Class A shares, Class T shares, Class I shares, and Class R shares of the Fund. The Expense Limitation Arrangement may be terminated by Equitable Investment Management at any time after April 30, 2023.


Print Distributions
Class Record date Ex-date Payable date Ordinary income Short-term capital gain Long-term capital gain Total
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Distributions data is unavailable at this time.
Fund resources

The fund’s allocations may change at any time. Bond investments are subject to interest rate risk so that when interest rates rise, the prices of bonds can decrease and the investor can lose principal value. Equity securities may be bought on stock exchanges or in the over-the-counter market. Equity securities generally include common stock, preferred stock, warrants, securities convertible into common stock, securities of other investment companies and securities of real estate investment trusts.


Contact us

Personal investors:
(888) 310-0416

Financial professionals:
(855) 379-9186

To obtain a prospectus:

Media inquiries:
Equitable US Media Relations

Financial professionals: contact us for more info

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