Overview

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

Class A Class I Class R
Net asset value as of
Daily change $
Daily change %
Status Open Open Open
Ticker
CUSIP
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

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.

Fund objective

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

Portfolio managers

Holdings

Top 15 holdings

Security Weight %

1quarter holdings are based on the fiscal year

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


Performance

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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Statistics

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*Calculation Benchmark: Morningstar Mod Tgt Risk TR USD


Morningstar Rating: category as of

Overall 3 year 5 year
Rating
# 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.

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

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 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, a blend of the S&P 500® Index (60%) and the Bloomberg U.S. Aggregate Bond Index (40%), is replaced with an index comprising a blend of the Bloomberg U.S. Aggregate Bond Index (30%); MSCI World High Dividend Yield Index (20%); Cboe S&P 500 BuyWrite IndexSM (20%); and the Bloomberg U.S. Corporate High Yield Index (30%). Equitable Investment Management Group, LLC believes this benchmark is more relevant to the Fund’s investment strategy and better reflects the markets in which the Fund invests. 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 dividend yields that are both sustainable and persistent. The index also applies quality screens and reviews 12-month past performance to omit stocks with potentially deteriorating fundamentals that could force them to cut or reduce dividends. The MSCI World High Dividend Yield Index is net of withholding taxes for dividend payments. 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. Securities are classified as high yield if the middle rating of Moody’s, Fitch and S&P is Ba1/BB+/BB+ or below. Bonds from issuers with an emerging markets country of risk, based on the indices’ EM country definition, are excluded. The Bloomberg U.S. Corporate High Yield Index is a component of the US Universal and Global High Yield Indices. Bloomberg U.S. Aggregate Bond Index covers the U.S. dollar denominated investment-grade, fixed-rate, taxable bond market of securities. The index includes bonds from the Treasury, government-related and corporate securities, agency fixed rate and hybrid adjustable mortgage pass through securities, asset-backed securities and commercial mortgage-backed securities. For your reference, the previous hypothetical composite index, a blend of the S&P 500® Index (60%) and the Bloomberg U.S. Aggregate Bond Index (40%), is also shown, and was effective from 3/7/2016 to 8/18/2022. The Standard & Poor’s 500® Composite Price Index (S&P 500® Index) is a weighted index of common stocks of 500 leading companies in leading industries of the U.S. economy, capturing 75% coverage of U.S. equities. The index is capitalization-weighted, thereby giving greater weight to companies with the largest market capitalizations.

4Pursuant to a contract, Equitable Investment Management Group, 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, 2024 (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-1fees, 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 anytime after April 30,2024.


Distributions

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.

cont

Contact us

Personal investors:
(888) 310-0416

Financial professionals:
(855) 379-9186

To obtain a prospectus:
1290Funds@DFINsolutions.com

Media inquiries:
Equitable US Media Relations
MediaRelations@equitable.com

Financial professionals: contact us for more info

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