GMAGX

Global Multi-Asset Growth Fund
  • A
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Overview

The Strategy dynamically allocates across a broad range of traditional and non-traditional growth assets and strategies.

Inception Date
May 28, 2019
Investment Style
Multi-Asset Growth
Fund Index
MSCI ACWI
CUSIP
00900W787
NAV
(as of 06/25/2019)
$10.63
Total Assets
(as of 05/31/2019)
$67.30 MM
Gross Expense Ratio
(as of 05/25/2019)
1.54%
Net Expense Ratio
(as of 05/25/2019)
1.09%
Performance
Average Annual Total Returns
Capital Gains Distributions
as of 05/31/2019
as of 03/31/2019

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
Cumulative
Annualized
1 mo 3 mo ytd as of 2019-03-31
  • B
1 yr 3 yr
Global Multi-Asset Growth Fund (NAV)
1.36% 9.81% 9.81% -3.37% 6.18%
MSCI ACWI
1.26% 12.18% 12.18% 2.60% 10.67%
Cumulative
Annualized
1 mo 3 mo ytd as of 2019-03-31
  • B
1 yr 3 yr
Global Multi-Asset Growth Fund (with sales charge)
1.36% 9.81% 9.81% -3.37% 6.18%
MSCI ACWI
1.26% 12.18% 12.18% 2.60% 10.67%
Cumulative
Annualized
1 mo 3 mo ytd as of 2019-05-31
  • B
1 yr since inception 3 yr
Global Multi-Asset Growth Fund (NAV)
-3.86% -0.68% 7.59% -5.15% -1.07% 5.22%
MSCI ACWI
-5.93% -1.53% 9.08% -1.29% 33.48% 9.07%
Cumulative
Annualized
1 mo 3 mo ytd as of 2019-05-31
  • B
1 yr since inception 3 yr
Global Multi-Asset Growth Fund (with sales charge)
-3.86% -0.68% 7.59% -5.15% -1.07% 5.22%
MSCI ACWI
-5.93% -1.53% 9.08% -1.29% 33.48% 9.07%
Gross Expense Ratio: 1.54% | Net Expense Ratio: 1.09%

Year Global Multi-Asset Growth Fund
$ per share as of 06/26/2019

Date 2014 2015 2016 2017 2018
Short Term
Long Term 0.0002 0.2110 0.5828
Total Amount of Distribution 0.0002 0.2110 0.5828
Record Date 12/14/15 12/18/17 12/18/18
Ex Div Date 12/15/15 12/19/17 12/19/18
Pay Date 12/15/15 12/19/17 12/19/18

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Strategies

(148.1% of assets as of 05/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Country Global Multi-Asset Growth Fund MSCI ACWI
Overweight / Underweight
United States 84.2% - -
Germany 14.8% - -
Japan 13.0% - -
Australia 7.8% - -
Sweden 6.2% - -
Supranational (non-iso) 5.8% - -
France 5.7% - -
China 2.9% - -
Taiwan 1.9% - -
United Kingdom 1.9% - -
India 1.8% - -
Switzerland 1.8% - -
Brazil 1.7% - -
South Africa 1.4% - -
Indonesia 1.2% - -
Mexico 1.2% - -
Russia 1.1% - -
Netherlands 1.0% - -
Turkey 0.8% - -
Colombia 0.7% - -
Developed Markets Global Multi-Asset Growth Fund MSCI ACWI
Overweight / Underweight
Americas 82.8% - -
Europe 24.2% - -
Asia Pacific 21.1% - -
Supranational 5.8% - -
Middle East 0.2% - -
Emerging Markets Global Multi-Asset Growth Fund MSCI ACWI
Overweight / Underweight
Asia Pacific 8.0% - -
Americas 2.9% - -
Africa 1.4% - -
Europe 1.3% - -
Multi 0.3% - -
Analytics
(As of 05/31/2019)

Yields
Portfolio Characteristics
Fund
Fund Index
Current Duration
3.88 yrs
-
Turnover Ratio
126%
-
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. Alternative asset classes may be volatile and are subject to liquidity risk. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments.  Exchange traded notes (ETNs) whose returns are linked to the performance of an index and are subject to the risk of industry or sector concentrations. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. Fixed income investing entails duration, credit and interest rate risks. Interest rate risk is the risk that rising interest rates or an expectation of rising interest rates in the near future will cause the values of the Fund's investments to decline. Credit risk is the risk that the issuer of a security might not make interest and principal payments. Risks associated with rising interest rates are heightened given that rates in the U.S. are at or near historic lows. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Below-investment-grade (“high yield” or "junk") bonds are subject to greater price fluctuations than investment- grade securities, are more at risk of default and are subject to liquidity risk. Small-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a small-sized company, if any gain is realized at all. There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Investments in securities of growth companies may be volatile. Investments in mining and metal industry companies are speculative and may be subject to volatility. Gold ETFs involve additional fees and risks. Commodity-linked investments are speculative and have substantial risks, including the loss of principal. Short selling may increase volatility and risk of loss and is considered a speculative investment practice. Under certain conditions, the Fund’s long positions and/or short positions may be subject to a decline in market value which may result in substantial losses. Investing in other investment companies is subject to risks of the underlying portfolio. Investments in real estate companies, including REITs or similar structures, are subject to volatility and risk. Smaller real estate companies may also be subject to liquidity risk. Investing in MLPs involves additional risks as compared to the risks of investing in common stock, including risks related to cash flow, dilution and voting rights. The Fund’s investments in securities issued by MLPs are concentrated in the energy infrastructure industry which may be subject to increased volatility. Energy infrastructure companies are subject to risks specific to the industry or sector such as fluctuations in commodity prices, reduced volumes of natural gas or other energy commodities, environmental hazards, changes in the macroeconomic or the regulatory environment or extreme weather. MLPs may trade less frequently than larger companies due to their smaller capitalizations. Additional management fees and other expenses are associated with investing in MLP funds. The Fund may also invest through a wholly-owned Cayman Islands subsidiary, which involves the risk that changes to the laws of the Cayman Islands could negatively affect the Fund.
  2. 2. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
  3. 3. Holdings are subject to change, and are dollar weighted based on total new assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the Fund’s net asset value and fluctuations of dividends and distributions paid by the Fund.
  4. A. The Morningstar Rating&trade; 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. <b>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.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  5. B. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund).  These returns would be lower if sales charges were taken into consideration.  Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.
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