January 9, 2013
Securities and Exchange Commission
100 F Street NE
Washington, DC 20549
Re: AllianzGI Structured Alpha Fund, AllianzGI U.S. Equity Hedged Fund and AllianzGI NFJ Emerging Markets Value Fund, series of Allianz Funds Multi-Strategy Trust
(Reg. 333-148624) (811-22167)
Ladies and Gentlemen:
We are filing the referenced amendment pursuant to Rule 497(e) under the Securities Act of 1933, as amended, to submit an exhibit in interactive data form with revised risk/return summary information from the supplement dated December 21, 2012.
Any comments or questions on this filing should be directed to Angela Borreggine at (212) 739-3213.
Very truly yours,
/s/ Angela Borreggine |
|
Angela Borreggine |
|
Senior Vice President and Senior Counsel |
|
cc: Ropes & Gray LLP
Allianz Global Investors U.S. LLC
1633 Broadway
New York, NY 10019
212.739.3000
Label | Element | Value | ||||||
---|---|---|---|---|---|---|---|---|
Risk Return [Abstract] | rr_RiskReturnAbstract | |||||||
ProspectusDate | rr_ProspectusDate | Dec. 21, 2012 | ||||||
Allianz AGIC U.S. Equity-Hedged Fund (Second Prospectus Summary) | Allianz AGIC U.S. Equity-Hedged Fund
|
||||||||
Risk Return [Abstract] | rr_RiskReturnAbstract | |||||||
Risk/Return [Heading] | rr_RiskReturnHeading | AllianzGI U.S. Equity Hedged Fund | ||||||
Objective [Heading] | rr_ObjectiveHeading | Investment Objective | ||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Fund seeks capital appreciation, with added emphasis on the protection of capital during unfavorable market conditions. |
||||||
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund | ||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A Shares of eligible funds that are part of the family of mutual funds sponsored by Allianz. More information about these and other discounts is available in the "Classes of Shares" section beginning on page 27 of the Fund's statutory prospectus or from your financial advisor. |
||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) | ||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover. | ||||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). High levels of portfolio turnover may indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected in Total Annual Fund Operating Expenses or in the Examples above, can adversely affect the Fund's investment performance. |
||||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Class A Shares of eligible funds that are part of the family of mutual funds sponsored by Allianz. | ||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | 50,000 | ||||||
Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | Other expenses are based upon estimated amounts for the Fund's initial fiscal year ending November 30, 2013 and include organizational expenses. | ||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Examples. | ||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The Examples are intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated, your investment has a 5% return each year, and the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, the Examples show what your costs would be based on these assumptions. The Examples are based, for the first year, on Total Annual Fund Operating Expenses After Expense Reductions and, for all other periods, on Total Annual Fund Operating Expenses. |
||||||
Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | Example: Assuming you redeem your shares at the end of each period | ||||||
Expense Example, No Redemption, By Year, Caption [Text] | rr_ExpenseExampleNoRedemptionByYearCaption | Example: Assuming you do not redeem your shares | ||||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | ||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund seeks to achieve its investment objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in common stocks of U.S. companies. The Fund currently defines "U.S. companies" as those companies that are deemed to be domiciled in the United States for purposes of their geographical eligibility for inclusion in the S&P 500 Index, a broad-based index of U.S. stocks. The Fund expects to invest typically in all 500 stocks included in the S&P 500 Index, and seeks to replicate approximately the relative weighting of those stocks on the S&P 500 Index. To the extent the portfolio managers identify efficiencies in achieving exposure to desired stocks through other instruments, the Fund may complement its direct stock positions with temporary or medium-term investments in stock index futures, exchange traded funds (ETFs) and other derivative instruments. The portfolio managers may consider selling a particular position if the security ceases to be included on the S&P 500 Index (either through quarterly rebalancing of the index or otherwise) or if a more attractive means of achieving the same exposure is identified. Because the S&P 500 Index does not incur the types of transaction costs that the Fund bears in connection with rebalancing and responding to cash flows, the Fund's stock portfolio (regardless of whether through direct or indirect holdings) may consistently underperform the S&P 500 Index. Under normal market and other conditions, in addition to the stock portfolio described above, the Fund seeks to employ a strategy of investing in exchange-traded options or FLEX options (i.e. listed options that are traded on an exchange, but with customized strike prices and expiration dates) that, when paired with the equity portfolio, promote the protection of capital during unfavorable market conditions (the "Index Option Strategy").The Fund will utilize (buy) equity index put options (long puts) on U.S. equity indexes with the purpose of protecting the Fund from a significant market decline while limiting the cost and interference of this "protection," and will write (sell) equity index call options (short calls) on U.S. equity indexes to offset some or all of the cost of the put options. Under normal market conditions, the option positions will consist of long puts with notional value roughly equal to the full value of the Fund's stock portfolio, expiring in roughly equal proportions over longer periods (e.g., the next 12 months), and short call positions expiring over a shorter period (e.g. less than 45 days) with notional value roughly equal to the full value of the Fund's stock portfolio. Additionally, when a new long put position is established in periods of elevated volatility, the portfolio managers may seek to pair it with a short put at a strike price below the coinciding long put. All options are expected to be held to expiration (unless redemptions require earlier close-out), and strike prices are systematically selected. In pursuing the Index Option Strategy, the Fund generally will not be able to offset the full cost of the "protection" it is seeking and must keep significant cash and cash equivalents available, and therefore the Fund will typically underperform the S&P 500 Index during periods of market increases and slight market decreases. In response to unusual market and other conditions, the Fund may deviate from its principal strategies by making temporary investments of some or all of its assets in long call options or call option spreads, high-quality fixed income securities, cash and cash equivalents. The Fund may not achieve its investment objective when it does so. |
||||||
Risk [Heading] | rr_RiskHeading | Principal Risks | ||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | The Fund's net asset value, yield and total return will be affected by the allocation determinations, investment decisions and techniques of the Fund's management, factors specific to the issuers of securities and other instruments in which the Fund invests, including actual or perceived changes in the financial condition or business prospects of such issuers, and factors influencing the U.S. or global economies and securities markets or relevant industries or sectors within them (Management Risk, Issuer Risk, Market Risk). Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer (Equity Securities Risk). Other principal risks include: Credit Risk (an issuer or counterparty may default on obligations); Derivatives Risk (derivative instruments are complex, have different characteristics than their underlying assets and are subject to additional risks, including leverage, liquidity and valuation); Leveraging Risk (instruments and transactions that constitute leverage magnify gains or losses and increase volatility); Liquidity Risk (the lack of an active market for investments may cause delay in disposition or force a sale below fair value); and Turnover Risk (high levels of portfolio turnover increase transaction costs and taxes and may lower investment performance). Please see "Summary of Principal Risks" in the Fund's statutory prospectus for a more detailed description of the Fund's risks. It is possible to lose money on an investment in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. |
||||||
Risk Lose Money [Text] | rr_RiskLoseMoney | It is possible to lose money on an investment in the Fund. | ||||||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | ||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance Information | ||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | Performance information for the Fund will be available after the Fund completes a full calendar year of operation. |
||||||
Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | Performance information for the Fund will be available after the Fund completes a full calendar year of operation. | ||||||
Allianz AGIC U.S. Equity-Hedged Fund (Second Prospectus Summary) | Allianz AGIC U.S. Equity-Hedged Fund | Class A
|
||||||||
Risk Return [Abstract] | rr_RiskReturnAbstract | |||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 5.50% | ||||||
Maximum Contingent Deferred Sales Charge (CDSC) (Load) (as a percentage of the lower of original purchase price or NAV) | rr_MaximumDeferredSalesChargeOverOfferingPrice | 1.00% | [1] | |||||
Management Fees | rr_ManagementFeesOverAssets | 0.70% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||||
Estimated Other Expenses | rr_OtherExpensesOverAssets | 7.28% | [2] | |||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 8.23% | ||||||
Expense Reductions | rr_FeeWaiverOrReimbursementOverAssets | (6.98%) | [3] | |||||
Total Annual Fund Operating Expenses After Expense Reductions | rr_NetExpensesOverAssets | 1.25% | [3] | |||||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | 2013-12-31 | ||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 670 | ||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 1,699 | ||||||
Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 670 | ||||||
Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 1,699 | ||||||
Allianz AGIC U.S. Equity-Hedged Fund (Second Prospectus Summary) | Allianz AGIC U.S. Equity-Hedged Fund | Class C
|
||||||||
Risk Return [Abstract] | rr_RiskReturnAbstract | |||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||
Maximum Contingent Deferred Sales Charge (CDSC) (Load) (as a percentage of the lower of original purchase price or NAV) | rr_MaximumDeferredSalesChargeOverOfferingPrice | 1.00% | [1] | |||||
Management Fees | rr_ManagementFeesOverAssets | 0.70% | ||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | ||||||
Estimated Other Expenses | rr_OtherExpensesOverAssets | 7.28% | [2] | |||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 8.98% | ||||||
Expense Reductions | rr_FeeWaiverOrReimbursementOverAssets | (6.98%) | [3] | |||||
Total Annual Fund Operating Expenses After Expense Reductions | rr_NetExpensesOverAssets | 2.00% | [3] | |||||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | 2013-12-31 | ||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 303 | ||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 1,429 | ||||||
Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 203 | ||||||
Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 1,429 | ||||||
|
Label | Element | Value | ||||
---|---|---|---|---|---|---|
Risk Return [Abstract] | rr_RiskReturnAbstract | |||||
ProspectusDate | rr_ProspectusDate | Dec. 21, 2012 | ||||
Allianz AGIC U.S. Equity-Hedged Fund (First Prospectus Summary) | Allianz AGIC U.S. Equity-Hedged Fund
|
||||||
Risk Return [Abstract] | rr_RiskReturnAbstract | |||||
Risk/Return [Heading] | rr_RiskReturnHeading | AllianzGI U.S. Equity Hedged Fund | ||||
Objective [Heading] | rr_ObjectiveHeading | Investment Objective | ||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Fund seeks capital appreciation, with added emphasis on the protection of capital during unfavorable market conditions. |
||||
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund | ||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund. |
||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) None | ||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover. | ||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). High levels of portfolio turnover may indicate higher transaction costs and may result in higher taxes for you if your Fund shares are held in a taxable account. These costs, which are not reflected in Total Annual Fund Operating Expenses or in the Examples above, can adversely affect the Fund's investment performance. |
||||
Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | Other expenses are based upon estimated amounts for the Fund's initial fiscal year ending November 30, 2013 and include organizational expenses. | ||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Examples. | ||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The Examples are intended to help you compare the cost of investing in shares of the Fund with the costs of investing in other mutual funds. The Examples assume that you invest $10,000 in the noted class of shares for the time periods indicated, your investment has a 5% return each year, and the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, the Examples show what your costs would be based on these assumptions. The Examples are based, for the first year, on Total Annual Fund Operating Expenses After Expense Reductions and, for all other periods, on Total Annual Fund Operating Expenses. |
||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | ||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund seeks to achieve its investment objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in common stocks of U.S. companies. The Fund currently defines "U.S. companies" as those companies that are deemed to be domiciled in the United States for purposes of their geographical eligibility for inclusion in the S&P 500 Index, a broad-based index of U.S. stocks. The Fund expects to invest typically in all 500 stocks included in the S&P 500 Index, and seeks to replicate approximately the relative weighting of those stocks on the S&P 500 Index. To the extent the portfolio managers identify efficiencies in achieving exposure to desired stocks through other instruments, the Fund may complement its direct stock positions with temporary or medium-term investments in stock index futures, exchange traded funds (ETFs) and other derivative instruments. The portfolio managers may consider selling a particular position if the security ceases to be included on the S&P 500 Index (either through quarterly rebalancing of the index or otherwise) or if a more attractive means of achieving the same exposure is identified. Because the S&P 500 Index does not incur the types of transaction costs that the Fund bears in connection with rebalancing and responding to cash flows, the Fund's stock portfolio (regardless of whether through direct or indirect holdings) may consistently underperform the S&P 500 Index. Under normal market and other conditions, in addition to the stock portfolio described above, the Fund seeks to employ a strategy of investing in exchange-traded options or FLEX options (i.e. listed options that are traded on an exchange, but with customized strike prices and expiration dates) that, when paired with the equity portfolio, promote the protection of capital during unfavorable market conditions (the "Index Option Strategy"). The Fund will utilize (buy) equity index put options (long puts) on U.S. equity indexes with the purpose of protecting the Fund from a significant market decline while limiting the cost and interference of this "protection," and will write (sell) equity index call options (short calls) on U.S. equity indexes to offset some or all of the cost of the put options. Under normal market conditions, the option positions will consist of long puts with notional value roughly equal to the full value of the Fund's stock portfolio, expiring in roughly equal proportions over longer periods (e.g., the next 12 months), and short call positions expiring over a shorter period (e.g. less than 45 days) with notional value roughly equal to the full value of the Fund's stock portfolio. Additionally, when a new long put position is established in periods of elevated volatility, the portfolio managers may seek to pair it with a short put at a strike price below the coinciding long put. All options are expected to be held to expiration (unless redemptions require earlier close-out), and strike prices are systematically selected. In pursuing the Index Option Strategy, the Fund generally will not be able to offset the full cost of the "protection" it is seeking and must keep significant cash and cash equivalents available, and therefore the Fund will typically underperform the S&P 500 Index during periods of market increases and slight market decreases. In response to unusual market and other conditions, the Fund may deviate from its principal strategies by making temporary investments of some or all of its assets in long call options or call option spreads, high-quality fixed income securities, cash and cash equivalents. The Fund may not achieve its investment objective when it does so. |
||||
Risk [Heading] | rr_RiskHeading | Principal Risks | ||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | The Fund's net asset value, yield and total return will be affected by the allocation determinations, investment decisions and techniques of the Fund's management, factors specific to the issuers of securities and other instruments in which the Fund invests, including actual or perceived changes in the financial condition or business prospects of such issuers, and factors influencing the U.S. or global economies and securities markets or relevant industries or sectors within them (Management Risk, Issuer Risk, Market Risk). Equity securities may react more strongly to changes in an issuer's financial condition or prospects than other securities of the same issuer (Equity Securities Risk). Other principal risks include: Credit Risk (an issuer or counterparty may default on obligations); Derivatives Risk (derivative instruments are complex, have different characteristics than their underlying assets and are subject to additional risks, including leverage, liquidity and valuation); Leveraging Risk (instruments and transactions that constitute leverage magnify gains or losses and increase volatility); Liquidity Risk (the lack of an active market for investments may cause delay in disposition or force a sale below fair value); and Turnover Risk (high levels of portfolio turnover increase transaction costs and taxes and may lower investment performance). Please see "Summary of Principal Risks" in the Fund's statutory prospectus for a more detailed description of the Fund's risks. It is possible to lose money on an investment in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. |
||||
Risk Lose Money [Text] | rr_RiskLoseMoney | It is possible to lose money on an investment in the Fund. | ||||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | ||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance Information | ||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | Performance information for the Fund will be available after the Fund completes a full calendar year of operation. |
||||
Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | Performance information for the Fund will be available after the Fund completes a full calendar year of operation. | ||||
Allianz AGIC U.S. Equity-Hedged Fund (First Prospectus Summary) | Allianz AGIC U.S. Equity-Hedged Fund | Institutional
|
||||||
Risk Return [Abstract] | rr_RiskReturnAbstract | |||||
Management Fees | rr_ManagementFeesOverAssets | 0.70% | ||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||
Estimated Other Expenses | rr_OtherExpensesOverAssets | 7.28% | [1] | |||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 7.98% | ||||
Expense Reductions | rr_FeeWaiverOrReimbursementOverAssets | (6.98%) | [2] | |||
Total Annual Fund Operating Expenses After Expense Reductions | rr_NetExpensesOverAssets | 1.00% | [2] | |||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | 2013-12-31 | ||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 102 | ||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 1,144 | ||||
Allianz AGIC U.S. Equity-Hedged Fund (First Prospectus Summary) | Allianz AGIC U.S. Equity-Hedged Fund | Class P
|
||||||
Risk Return [Abstract] | rr_RiskReturnAbstract | |||||
Management Fees | rr_ManagementFeesOverAssets | 0.70% | ||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||
Estimated Other Expenses | rr_OtherExpensesOverAssets | 7.38% | [1] | |||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 8.08% | ||||
Expense Reductions | rr_FeeWaiverOrReimbursementOverAssets | (6.98%) | [2] | |||
Total Annual Fund Operating Expenses After Expense Reductions | rr_NetExpensesOverAssets | 1.10% | [2] | |||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | 2013-12-31 | ||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 112 | ||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 1,173 | ||||
Allianz AGIC U.S. Equity-Hedged Fund (First Prospectus Summary) | Allianz AGIC U.S. Equity-Hedged Fund | Class D
|
||||||
Risk Return [Abstract] | rr_RiskReturnAbstract | |||||
Management Fees | rr_ManagementFeesOverAssets | 0.70% | ||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||
Estimated Other Expenses | rr_OtherExpensesOverAssets | 7.28% | [1] | |||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 8.23% | ||||
Expense Reductions | rr_FeeWaiverOrReimbursementOverAssets | (6.98%) | [2] | |||
Total Annual Fund Operating Expenses After Expense Reductions | rr_NetExpensesOverAssets | 1.25% | [2] | |||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | 2013-12-31 | ||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 127 | ||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 1,216 | ||||
|