Seeks to maximize current income.
*Read the Prospectus for more information
| Class A | Class I | Class R | |
|---|---|---|---|
| Net asset value as of | |||
| Daily change $ | |||
| Daily change % | |||
| Status | Open | Open | Open |
| Ticker | |||
| CUSIP | |||
| ISIN | US68246A5048 | US68246A7028 | US68246A801 |
| Investment minimum* | $1,000 for all accounts except:
|
$1,000,000 for certain institutions and individuals
|
No minimum |
Under normal circumstances, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, in a broad range of high-yield, below investment-grade bonds.
| Security | Weight % |
|---|
The top holdings listed exclude cash and cash equivalents. Holdings are subject to change. The holdings listed should not be considered recommendations to purchase or sell a particular security.
1Quarter holdings are based on the fiscal year
| Total returns | |
|---|---|
| Total returns | |
|---|---|
| Total returns | |
|---|---|
Risk Measures and Statistics:
Source: Equitable Investment Management and Morningstar Inc. Past performance is no indication of future results.
See definitions here.
Click here to download performance for all funds.
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 (888) 310-0416.
One cannot invest directly in an index.
Returns for periods of less than one year are not annualized.
1Fund inception date of November 12, 2014.
2Maximum Offering Price (MOP) for Class A shares includes the Fund's maximum sales charge of 4.50%. Performance shown at NAV does not include these sales charges and would have been lower had it been taken into account.
3ICE BofA U.S. High Yield Index tracks the performance of US dollar denominated below investment grade corporate debt publicly issued in the U.S. domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody's, S&P and Fitch). In addition, qualifying securities must have at least one year remaining term to final maturity, a fixed coupon schedule and a minimum amount outstanding of $100 million.
| Overall | 3 year | 5 year | |
|---|---|---|---|
| Rating | |||
| # of funds |
Overall Morningstar Rating as of based on risk-adjusted returns (I share).
| rank percentile | Morningstar RatingTM | Out of # of funds | |
|---|---|---|---|
| 1 year | |||
| 3 year | |||
| 5 year |
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.
| Fund | Gross expense ratio | Net expense ratio4 |
|---|---|---|
| Class A shares | ||
| Class I shares | ||
| Class R shares |
4The Adviser has contractually agreed to limit the annual operating expenses of each Class through April 30, 2027. Please see the prospectus for additional information.
| Class | Record date | Ex-date | Payable date | Ordinary income | Short-term capital gain | Long-term capital gain | Total |
|---|---|---|---|---|---|---|---|
Risks: Market. The Fund is subject to the risk that the securities markets will move down, sometimes rapidly and unpredictably, based on overall economic conditions and other factors, which may negatively affect Fund performance. The value of a security can be more volatile than the market as a whole and can perform differently from the market as a whole. Any issuer of securities may perform poorly, causing the value of its securities to decline. Poor performance may be caused by a variety of factors. Non-Investment Grade Securities. Bonds rated below BBB by Standard & Poor’s Global Ratings or Fitch Ratings, Ltd., or below Baa by Moody’s Investors Service, Inc. (or, if unrated, determined by the investment manager to be of comparable quality) are speculative in nature and are subject to additional risk factors such as increased possibility of default, illiquidity of the security, and changes in value based on changes in interest rates. Non-investment grade bonds, sometimes referred to as “junk bonds,” are usually issued by companies without long track records of sales and earnings, or by those companies with questionable credit strength. Credit. The Fund is subject to credit risk, the risk that the issuer or guarantor of a fixed income security is unable or unwilling to make timely interest or principal payments. Interest Rate. Changes in interest rates may affect the yield, liquidity and value of investments in income producing or debt securities. Liquidity. From time to time, there may be little or no active trading market for a particular investment in which the Fund may invest or is invested. In such a market, the value of such an investment and the Fund’s share price may fall dramatically. Portfolio Management. The Fund is subject to the risk that strategies used by an investment manager and its securities selections fail to produce the intended results. Foreign Securities. Investments in foreign securities involve risks in addition to those associated with investments in U.S. securities. Foreign markets may be less liquid, more volatile and subject to less government supervision and regulation than U.S. markets.
Personal investors:
(888) 310-0416
To obtain a prospectus:
[email protected]
Media inquiries:
Equitable US Media Relations
[email protected]
* Required Information
