|Net asset value as of
|Daily change $
|Daily change %
|$1,000 for all accounts except:
$1,000,000 for certain institutions and individuals
The Fund seeks to provide long-term growth of capital.
The Fund seeks to invest in securities of growth companies commonly identified by their relatively high book/price ratio or by their membership in the Russell 1000® Growth Index and that Avantis expects to have higher returns. The Fund normally invests across a range of market sectors and industry groups. The Fund seeks securities of companies that Avantis expects to have higher returns, by placing an enhanced emphasis on securities of companies with more attractive profitability and valuation characteristics. Conversely, the Fund seeks to deemphasize or exclude securities that Avantis expects to have lower returns, such as securities of companies with less attractive profitability and valuation characteristics.
The portfolio management team believes solutions can be designed to capture the benefits of indexing while simultaneously focusing on segments of the market that are expected to outperform.
Incorporates valuation metrics to make investment decisions
Only generates orders that improve expected returns or diversification while considering costs, reducing expected turnover
Works with current market liquidity and monitors intraday activity
1Prior to November 29, 2023, the Fund was managed by EIM as a fund-of-funds under the name "1290 Retirement 2060 Fund" and pursued its investment objective through investments in underlying exchange-traded funds (ETFs). Holdings information for periods prior to November 29, 2023 is that of the Fund when it had a different investment adviser, objective and strategy.
2For the fiscal quarter ended January 31, 2023
3For the fiscal quarter ended July 31, 2023
Risk Measures and Statistics:
Source: Equitable Investment Management and Morningstar Inc. Past performance is no indication of future results.
See definitions here.
1Prior to November 29, 2023, the Fund was managed by EIM as a fund-of-funds under the name "1290 Retirement 2060 Fund" and pursued its investment objective through investments in underlying exchange-traded funds (ETFs). Performance information for periods prior to November 29, 2023 is that of the Fund when it had a different investment adviser, objective and strategy.
2The Class I shares inception date is Febuary 27, 2017. The Class A shares inception date is 11/29/2023. Maximum 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.
3Russell 1000® Growth Index measures the performance of those Russell 1000® Index companies with higher price-to-book ratios and higher forecasted growth values. It is market-capitalization weighted. Standard & Poor’s 500® Composite Stock 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. S&P Target Date 2060 Index is a multi-asset class index that corresponds to a target retirement date of 2060. Effective November 29, 2023, the S&P 500 Index replaced the S&P Target Date 2060 Index as the Fund's benchmark.
|Gross expense ratio
|Net expense ratio4
|Class A shares
|Class I 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.
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 (including Acquired Fund Fees and Expenses) of the Fund (exclusive of taxes, interest, brokerage commissions, capitalized expenses (other than offering costs), 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 0.65% 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.
|Short-term capital gain
|Long-term capital gain
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. Securities markets also may experience long periods of decline in value. The value of a security may decline due to factors that are specifically related to a particular company, as well as general market conditions, such as real or perceived adverse economic or political conditions, inflation rates and/or investor expectations concerning such rates, changes in interest rates, recessions, or adverse investor sentiment generally. During a general downturn in the securities markets, multiple asset classes may decline in value simultaneously. Changes in the financial condition of a single issuer can impact a market as a whole.
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. The Fund may experience a significant or complete loss on its investment in an equity security. In addition, common stock prices may be particularly sensitive to rising interest rates, which increase borrowing costs and the costs of capital.
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. Many larger companies also may not be able to attain the high growth rate of successful smaller companies, especially during extended periods of economic expansion.
The Fund may not be successful in implementing its investment strategy, and there can be no assurance that the Fund will grow to or maintain an economically viable size, which could result in the Fund being liquidated at any time without shareholder approval and at a time that may not be favorable for all shareholders.
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