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GLVIX

Global Value Fund

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Overview

The Strategy invests in a mix of undervalued U.S. and foreign stocks.

Inception Date
August 28, 2012
Investment Style
Global Value
Fund Index
MSCI ACWI
CUSIP
68380Q604
NAV
  • A
(as of 12/12/2017)
$51.76
Total Assets
(as of 11/30/2017)
$562.00 MM
Gross Expense Ratio
(as of 11/30/2017)
0.86%
Net Expense Ratio
(as of 11/30/2017)
0.86%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 11/30/2017
  • F
as of 09/30/2017
  • F

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2017-09-30
  • C
1 yr 3 yr 5 yr since inception
Global Value Fund (NAV)
6.41% 24.39% 22.06% 8.77% 12.14% 12.93%
Cumulative
Annualized
3 mo ytd as of 2017-11-30
  • C
1 yr 3 yr 5 yr since inception
Global Value Fund (NAV)
2.04% 25.70% 26.61% 7.39% 12.21% 12.72%
Gross Expense Ratio: 0.86% | Net Expense Ratio: 0.86%

The performance data quoted represents past performance, which does not guarantee future results. The investments return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Year Global Value Fund MSCI ACWI
2013 43.17% 22.80%
2014 -4.36% 4.16%
2015 -0.21% -2.36%
2016 -0.38% 7.86%

The performance data quoted represents past performance, which does not guarantee future results. The investments return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Date Global Value Fund MSCI ACWI S&P 500
11/30/2007 0.00 0.00 0.00
12/31/2007 -4.25 -1.11 -0.69
1/31/2008 -11.12 -9.21 -6.65
2/29/2008 -12.12 -8.95 -9.68
3/31/2008 -15.71 -10.29 -10.07
4/30/2008 -10.67 -5.28 -5.69
5/31/2008 -7.83 -3.80 -4.47
6/30/2008 -20.86 -11.70 -12.52
7/31/2008 -18.73 -13.99 -13.26
8/31/2008 -10.85 -15.85 -12.01
9/30/2008 -24.82 -26.36 -19.85
10/31/2008 -44.19 -40.96 -33.31
11/30/2008 -50.72 -44.83 -38.09
12/31/2008 -49.29 -42.83 -37.43
1/31/2009 -52.17 -47.72 -42.71
2/28/2009 -59.37 -52.84 -48.81
3/31/2009 -54.87 -48.95 -44.32
4/30/2009 -42.12 -42.93 -39.00
5/31/2009 -36.73 -37.24 -35.58
6/30/2009 -36.15 -37.59 -35.46
7/31/2009 -29.26 -32.10 -30.57
8/31/2009 -23.76 -29.67 -28.07
9/30/2009 -15.94 -26.44 -25.38
10/31/2009 -20.94 -27.58 -26.77
11/30/2009 -17.13 -24.60 -22.38
12/31/2009 -11.85 -23.04 -20.88
1/31/2010 -14.96 -26.37 -23.72
2/28/2010 -9.33 -25.43 -21.36
3/31/2010 -2.19 -20.63 -16.62
4/30/2010 1.57 -20.50 -15.30
5/31/2010 -8.56 -28.04 -22.06
6/30/2010 -14.06 -30.25 -26.14
7/31/2010 -3.71 -24.58 -20.97
8/31/2010 -9.91 -27.21 -24.54
9/30/2010 -0.80 -20.25 -17.80
10/31/2010 3.82 -17.37 -14.67
11/30/2010 2.73 -19.21 -14.66
12/31/2010 10.69 -13.29 -8.96
1/31/2011 13.79 -11.93 -6.80
2/28/2011 17.94 -9.36 -3.61
3/31/2011 19.03 -9.46 -3.57
4/30/2011 22.60 -5.75 -0.71
5/31/2011 20.62 -7.78 -1.84
6/30/2011 17.90 -9.23 -3.47
7/31/2011 12.12 -10.71 -5.44
8/31/2011 6.11 -17.23 -10.57
9/30/2011 -4.44 -25.05 -16.86
10/31/2011 6.19 -17.01 -7.77
11/30/2011 2.00 -19.50 -7.98
12/31/2011 1.90 -19.66 -7.04
1/31/2012 8.95 -14.99 -2.87
2/29/2012 15.31 -10.71 1.33
3/31/2012 17.02 -10.12 4.66
4/30/2012 13.83 -11.15 4.01
5/31/2012 -0.83 -19.11 -2.24
6/30/2012 4.31 -15.12 1.78
7/31/2012 5.02 -13.96 3.20
8/31/2012 10.63 -12.09 5.52
9/30/2012 16.44 -9.32 8.25
10/31/2012 16.09 -9.92 6.25
11/30/2012 17.18 -8.77 6.87
12/31/2012 21.82 -6.70 7.84
1/31/2013 31.06 -2.41 13.43
2/28/2013 31.25 -2.42 14.97
3/31/2013 34.10 -0.64 19.28
4/30/2013 38.31 2.20 21.58
5/31/2013 43.45 1.92 24.42
6/30/2013 40.92 -1.06 22.75
7/31/2013 51.60 3.68 29.00
8/31/2013 49.77 1.52 25.26
9/30/2013 60.53 6.76 29.19
10/31/2013 65.59 11.05 35.13
11/30/2013 67.81 12.63 39.24
12/31/2013 73.69 14.57 42.77
1/31/2014 63.89 9.99 37.83
2/28/2014 72.01 15.30 44.14
3/31/2014 69.78 15.81 45.35
4/30/2014 64.01 16.92 46.42
5/31/2014 68.30 19.40 49.86
6/30/2014 70.06 21.65 52.96
7/31/2014 61.78 20.17 50.85
8/31/2014 66.86 22.83 56.88
9/30/2014 59.01 18.85 54.68
10/31/2014 61.24 19.68 58.46
11/30/2014 66.86 21.69 62.72
12/31/2014 65.34 19.34 62.31
1/31/2015 57.48 17.47 57.44
2/28/2015 69.75 24.01 66.49
3/31/2015 67.69 22.09 63.85
4/30/2015 70.47 25.63 65.43
5/31/2015 73.73 25.47 67.55
6/30/2015 68.80 22.51 64.31
7/31/2015 72.45 23.58 67.75
8/31/2015 55.81 15.11 57.63
9/30/2015 51.48 10.94 53.73
10/31/2015 66.77 19.64 66.70
11/30/2015 68.12 18.66 67.19
12/31/2015 64.27 16.52 64.56
1/31/2016 48.22 9.49 56.39
2/29/2016 45.76 8.73 56.18
3/31/2016 56.32 16.79 66.78
4/30/2016 55.93 18.52 67.42
5/31/2016 59.26 18.67 70.43
6/30/2016 51.99 17.95 70.87
7/31/2016 62.24 23.03 77.17
8/31/2016 63.95 23.44 77.42
9/30/2016 66.22 24.20 77.45
10/31/2016 59.74 22.09 74.22
11/30/2016 61.85 23.02 80.67
12/31/2016 62.92 25.68 84.24
1/31/2017 69.99 29.12 87.73
2/28/2017 75.95 32.74 95.19
3/31/2017 75.95 34.36 95.42
4/30/2017 81.67 36.45 97.42
5/31/2017 86.68 39.47 100.20
6/30/2017 90.05 40.10 101.45
7/31/2017 99.55 44.02 105.59
8/31/2017 100.10 44.57 106.22
9/30/2017 102.01 47.36 110.48
10/31/2017 103.12 50.42 115.39
11/30/2017 104.00 53.33 121.99

The performance data quoted represents past performance, which does not guarantee future results. The investments return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 12/13/2017

Date 2013 2014 2015 2016 2017
Short Term 0.2156 0.7139
Long Term 0.5300 0.2136
Total Amount of Distribution 0.7455 0.9274
Record Date 12/3/14 12/6/17
Ex Div Date 12/4/14 12/7/17
Pay Date 12/4/14 12/7/17

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

Portfolio

Top Issuers

(67.8% of assets as of 11/30/2017)


Portfolio Holdings Breakdown

Country 4
Developed Markets 4
Emerging Markets 4
Equity Sector 4
Industry 4
Asset Allocation 4
Market Cap 5
Country Global Value Fund MSCI ACWI Overweight / Underweight
United States 62.1% 52.6% 9.6%
China 9.1% 3.5% 5.7%
Denmark 5.2% 0.6% 4.6%
France 4.7% 3.5% 1.2%
Japan 4.7% 8.0% -3.2%
Germany 4.6% 3.2% 1.4%
United Kingdom 2.4% 5.8% -3.4%
Switzerland 2.0% 2.6% -0.6%
Sweden 1.8% 0.9% 0.9%
Developed Markets Global Value Fund MSCI ACWI Overweight / Underweight
Americas 62.1% 55.7% 6.4%
Europe 20.7% 20.9% -0.2%
Asia Pacific 4.7% 11.7% -7.0%
Emerging Markets Global Value Fund MSCI ACWI Overweight / Underweight
Asia Pacific 9.1% 8.5% 0.6%
Equity Sector Global Value Fund MSCI ACWI Overweight / Underweight
Information Technology 28.2% 18.2% 10.0%
Health Care 20.3% 10.9% 9.5%
Consumer Discretionary 19.6% 12.0% 7.5%
Financials 18.2% 18.6% -0.5%
Industrials 5.7% 10.7% -5.0%
Materials 2.9% 5.3% -2.5%
Telecommunication Services 1.8% 3.0% -1.2%
Industry Global Value Fund MSCI ACWI Overweight / Underweight
Media 14.2% 2.2% 12.0%
Internet Software & Services 13.4% 4.0% 9.4%
Software 7.8% 3.4% 4.4%
IT Services 6.6% 2.7% 4.0%
Capital Markets 6.5% 2.7% 3.7%
Banks 6.5% 10.2% -3.8%
Pharmaceuticals 6.3% 4.9% 1.3%
Health Care Equipment & Supplies 5.8% 1.9% 3.9%
Internet & Direct Marketing Retail 5.3% 1.6% 3.7%
Professional Services 4.9% 0.5% 4.3%
Biotechnology 4.3% 1.8% 2.5%
Insurance 3.7% 4.1% -0.3%
Chemicals 2.9% 2.8% 0.0%
Life Sciences Tools & Services 2.6% 0.5% 2.1%
Diversified Telecommunication Services 1.8% 2.0% -0.2%
Diversified Financial Services 1.5% 1.0% 0.5%
Health Care Technology 1.4% 0.1% 1.3%
Machinery 0.8% 1.9% -1.1%
Technology Hardware Storage & Peripherals 0.3% 3.1% -2.8%
Asset Allocation Global Value Fund MSCI ACWI Overweight / Underweight
Equity 96.7% 100.0% -3.3%
Market Cap Global Value Fund MSCI ACWI Overweight / Underweight
Large 61.3% 87.5% -26.2%
Mid 19.0% 12.3% 6.6%
Small 16.4% 0.1% 16.3%
Analytics
(As of 11/30/2017)

Morningstar 11/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
711
Category
World Large Stock
Performance Statistics
3Y
5Y
Alpha
-2.25
-1.36
Beta
1.28
1.28
Information Ratio
-0.10
0.20
R-Squared
85.79
82.75
Sharpe Ratio
0.53
0.88
Standard Deviation
14.60
13.99
Upside Capture
120.32
119.70
Downside Capture
140.35
128.91
Sortino Ratio
0.24
0.41
Tracking Error
6.22
6.44
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/7/2017
Per Share ($)
$0.00
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$102.00 B
$128.80 B
Median Market Cap (weighted)
$26.20 B
$54.70 B
P/E Ratio (LTM)
40.22
19.89
P/E Ratio (NTM)
24.93
16.44
Price/Book
2.73
2.35
Debt to Capital Ratio
38.48
43.85
Turnover Ratio
59.00%
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Documents
  1. 1. Special Risks: 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. Eurozone investments may be subject to volatility and liquidity issues. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Mid-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 mid-sized company, if any gain is realized at all. Diversification does not guarantee profit or protect against loss.
  2. 2. The net expense ratio (where applicable) also takes into account contractual fee waivers and/or expense reimbursements without which performance would have been less. These undertakings may not be amended or withdrawn for one year from the date of the current prospectus, unless approved by the Board.
  3. 3. Access index definitions.
  4. 4. Holdings are subject to change, and are dollar weighted based on total net 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.
  5. 5. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund’s prospectus.
  6. 6. Class I shares are only offered to eligible institutional investors that make a minimum initial investment of $1 million or more and to retirement plan service provider platforms. The minimum account balance for class I shares is $2.5 million. Class I shares are sold at net asset value without a sales charge. Please see Fund prospectuses for additional information.
  7. 7. For Share Classes with less than a one-year track record, expense ratios are estimated based on the Manager's projections of those expenses for the coming fiscal year.
  8. A. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
  9. B. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.
  10. C. "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.
  11. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  12. E. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated. Class C shares are subject to a 0.75% annual asset-backed sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
  13. F. The performance data quoted represents past performance, which does not guarantee future results. The investments return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
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