Fund objective

Seeks to provide income and total return through principally investing in income-generating securities and investments.

Investment philosophy/strategy

  • The Fund seeks to provide income and total return through principally investing in income generating securities and investments.
  • Invests in a diversified range of income generating equity and fixed income securities of issuers and other financial instruments, including derivatives, which provide investment exposure to such securities.
  • Employs a dynamic asset allocation strategy under which it shifts its allocations among global equity and fixed income asset classes.

Fund details

*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
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
← Swipe to see additional data →

How the Fund invests

A dynamic, active asset allocation process:

  • The Fund’s asset allocation changes are based on an assessment of relative valuation, stages of an economic cycle which include downturn, credit repair, recovery and expansion/late cycle, economic regimes, short- and long-term macroeconomic themes and sector fundamentals.

Portfolio managers

Sector Allocation

as of subject to change

Sector Allocation Fund

Source: Loomis Sayles, as of .


Top 15 holdings

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


Daily performance as of

Total returns
← Swipe to see additional data →

Monthly performance as of

Total returns
← Swipe to see additional data →

Quarterly performance as of

Total returns
← Swipe to see additional data →


Risk Measures and Statistics:

Source: Equitable Investment Management and Morningstar Inc. Past performance is no indication of future results.

See definitions here.

← Swipe to see additional data →

*Calculation Benchmark: Morningstar Mod Tgt Risk TR USD

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 March 7, 2016.

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.

3Effective August 19, 2022, the hypothetical composite index against which the Fund measures its performance is a blend of the MCSI World High Dividend Yield Index (20%); Cboe S&P 500 BuyWrite IndexSM (20%); Bloomberg U.S. Corporate High Yield Index (30%); and the Bloomberg U.S. Aggregate Bond Index (30%). Performance information for periods prior to August 19, 2022 is that of the Fund when it followed a different investment objective, different principal investment strategy, and different Sub-Adviser. If the Fund had historically been managed using its current investment strategy, the performance of the Fund would have been different. MSCI World High Dividend Yield Index is based on the MSCI World Index, its parent index, and includes large and mid-cap stocks across 23 Developed Markets countries. The index is designed to reflect the performance of equities in the parent index (excluding REITs) with higher dividend income and quality characteristics than average. The Cboe S&P 500 BuyWrite IndexSM is a benchmark index designed to track the performance of a hypothetical buy-write strategy on the S&P 500 Index®. Bloomberg U.S. Corporate High Yield Index measures the USD-denominated, high yield, fixed-rate corporate bond market. Bloomberg U.S. Aggregate Bond Index covers the U.S. dollar-denominated investment-grade, fixed-rate, taxable bond market of securities.

Morningstar Rating: category as of

Overall 3 year 5 year
# of funds
← Swipe to see additional data →

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
← Swipe to see additional data →

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.

The Morningstar rating is based on past performance. The Fund's portfolio manager and strategy changed as of 8/19/22, and the ratings may continue to reflect the prior management performance for three years.

Expense ratios as of

Fund Gross expense ratio Net expense ratio4
Class A shares
Class I shares
Class R shares

4Pursuant to a contract, Equitable Investment Management, LLC (the “Adviser”) has agreed to make payments or waive its and its affiliates’ management, administrative and other fees to limit the expenses of the Fund through April 30, 2025 (unless the Board of Trustees consents to an earlier revision or termination of this arrangement) (“Expense Limitation Arrangement”) so that the annual operating expenses of the Fund (exclusive of taxes, interest, brokerage commissions, capitalized expenses (other than offering costs), fees and expenses of other investment companies in which the Fund invests, 12b-1 fees, dividend and interest expenses on securities sold short, 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 0.80% 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 the Adviser at any time after April 30, 2025. The Adviser may be reimbursed the amount of any such payments or waivers in the future provided that the payments or waivers are reimbursed within three years of the payments or waivers being recorded and the Fund’s expense ratio, after the reimbursement is taken into account, does not exceed the Fund’s expense cap at the time of the waiver or the Fund’s expense cap at the time of the reimbursement, whichever is lower. The total annual fund operating expense ratios after fee waiver and/or expense reimbursement for Class A shares, Class T shares, and Class R shares, as shown in the table, are higher than the Fund’s expense cap because these ratios include 12b-1 fees and certain other expenses, as noted above, that are excluded from the Expense Limitation Arrangement.


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

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. Asset Allocation. The Fund’s investment performance depends upon how its assets are allocated across various asset classes and how its assets are invested within those asset classes. Equity. In general, the values of stocks and other equity securities fluctuate, and sometimes widely fluctuate, in response to changes in a company’s financial condition as well as general market, economic and political conditions and other factors. Large Cap. Larger more established companies may be unable to respond quickly to new competitive challenges such as changes in technology and consumer tastes, which may lead to a decline in their market price. Mid-/Small-/Micro-Cap. Mid-cap, small-cap and micro-cap companies carry additional risks because the operating histories of these companies tend to be more limited, their earnings and revenues less predictable, and their share prices more volatile than those of larger, more established companies. 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. Options. The use of options involves investment strategies and risks different from those associated with ordinary portfolio securities transactions. Derivatives. The Fund’s investments in derivatives may rise or fall in value more rapidly than other investments and may reduce the Fund’s returns and increase the volatility of the Fund’s net asset value. 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. 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.


Contact us

Personal investors and Financial professionals:
(888) 310-0416

To obtain a prospectus:

Media inquiries:
Equitable US Media Relations

Financial professionals: contact us for more info

* Required Information

Contact Form