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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 05/25/2018)
$55.22
Total Assets
(as of 04/30/2018)
$580.90 MM
Gross Expense Ratio
(as of 04/30/2018)
0.86%
Net Expense Ratio
(as of 04/30/2018)
0.86%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2018
  • F
as of 03/31/2018
  • F

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Value Fund (NAV)
3.83% 20.64% 8.50% 10.00% - 12.65%
MSCI ACWI
-0.96% 14.85% 8.12% 9.20% 5.57% -
Cumulative
Annualized
ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Value Fund (NAV)
2.81% 15.65% 7.53% 9.10% - 12.26%
MSCI ACWI
-0.02% 14.16% 7.43% 8.80% 5.10% -
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%
2017 25.62% 23.97%

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
4/30/2008 0.00 0.00 0.00
5/31/2008 3.18 1.56 1.30
6/30/2008 -11.41 -6.78 -7.24
7/31/2008 -9.03 -9.20 -8.02
8/31/2008 -0.21 -11.15 -6.69
9/30/2008 -15.84 -22.26 -15.01
10/31/2008 -37.53 -37.66 -29.28
11/30/2008 -44.84 -41.76 -34.36
12/31/2008 -43.23 -39.65 -33.66
1/31/2009 -46.46 -44.80 -39.25
2/28/2009 -54.52 -50.21 -45.72
3/31/2009 -49.48 -46.11 -40.96
4/30/2009 -35.21 -39.75 -35.31
5/31/2009 -29.18 -33.74 -31.69
6/30/2009 -28.53 -34.11 -31.56
7/31/2009 -20.81 -28.31 -26.38
8/31/2009 -14.65 -25.75 -23.72
9/30/2009 -5.90 -22.34 -20.88
10/31/2009 -11.50 -23.54 -22.35
11/30/2009 -7.24 -20.40 -17.69
12/31/2009 -1.33 -18.75 -16.10
1/31/2010 -4.80 -22.26 -19.12
2/28/2010 1.50 -21.27 -16.61
3/31/2010 9.49 -16.21 -11.58
4/30/2010 13.70 -16.06 -10.19
5/31/2010 2.37 -24.02 -17.36
6/30/2010 -3.80 -26.36 -21.68
7/31/2010 7.79 -20.37 -16.20
8/31/2010 0.85 -23.16 -19.98
9/30/2010 11.05 -15.80 -12.84
10/31/2010 16.22 -12.76 -9.52
11/30/2010 15.00 -14.70 -9.51
12/31/2010 23.91 -8.46 -3.46
1/31/2011 27.38 -7.02 -1.17
2/28/2011 32.03 -4.31 2.21
3/31/2011 33.24 -4.41 2.25
4/30/2011 37.24 -0.50 5.28
5/31/2011 35.02 -2.63 4.09
6/30/2011 31.98 -4.17 2.35
7/31/2011 25.51 -5.73 0.27
8/31/2011 18.78 -12.62 -5.18
9/30/2011 6.97 -20.87 -11.84
10/31/2011 18.87 -12.39 -2.21
11/30/2011 14.18 -15.01 -2.42
12/31/2011 14.07 -15.18 -1.42
1/31/2012 21.96 -10.25 2.99
2/29/2012 29.08 -5.73 7.45
3/31/2012 31.00 -5.11 10.98
4/30/2012 27.42 -6.19 10.29
5/31/2012 11.01 -14.60 3.66
6/30/2012 16.77 -10.39 7.93
7/31/2012 17.56 -9.16 9.43
8/31/2012 23.84 -7.18 11.89
9/30/2012 30.34 -4.26 14.78
10/31/2012 29.95 -4.90 12.66
11/30/2012 31.17 -3.68 13.32
12/31/2012 36.36 -1.50 14.35
1/31/2013 46.71 3.04 20.27
2/28/2013 46.92 3.02 21.91
3/31/2013 50.11 4.90 26.48
4/30/2013 54.82 7.90 28.92
5/31/2013 60.58 7.61 31.93
6/30/2013 57.75 4.46 30.16
7/31/2013 69.70 9.46 36.78
8/31/2013 67.65 7.18 32.82
9/30/2013 79.69 12.72 36.99
10/31/2013 85.37 17.25 43.28
11/30/2013 87.85 18.91 47.65
12/31/2013 94.43 20.96 51.39
1/31/2014 83.46 16.12 46.15
2/28/2014 92.55 21.73 52.84
3/31/2014 90.06 22.27 54.12
4/30/2014 83.59 23.43 55.26
5/31/2014 88.40 26.06 58.91
6/30/2014 90.37 28.43 62.19
7/31/2014 81.10 26.88 59.95
8/31/2014 86.78 29.68 66.35
9/30/2014 78.00 25.47 64.02
10/31/2014 80.49 26.36 68.03
11/30/2014 86.78 28.47 72.54
12/31/2014 85.09 25.99 72.11
1/31/2015 76.28 24.02 66.94
2/28/2015 90.02 30.93 76.54
3/31/2015 87.71 28.90 73.75
4/30/2015 90.82 32.64 75.41
5/31/2015 94.47 32.46 77.67
6/30/2015 88.96 29.35 74.23
7/31/2015 93.05 30.47 77.88
8/31/2015 74.41 21.53 67.15
9/30/2015 69.57 17.12 63.01
10/31/2015 86.69 26.31 76.76
11/30/2015 88.20 25.27 77.29
12/31/2015 83.89 23.01 74.49
1/31/2016 65.92 15.59 65.83
2/29/2016 63.16 14.80 65.61
3/31/2016 74.99 23.31 76.84
4/30/2016 74.55 25.13 77.53
5/31/2016 78.28 25.28 80.72
6/30/2016 70.15 24.52 81.19
7/31/2016 81.62 29.89 87.87
8/31/2016 83.53 30.33 88.13
9/30/2016 86.07 31.13 88.17
10/31/2016 78.82 28.90 84.73
11/30/2016 81.17 29.88 91.57
12/31/2016 82.38 32.69 95.36
1/31/2017 90.29 36.31 99.07
2/28/2017 96.96 40.14 106.97
3/31/2017 96.96 41.85 107.21
4/30/2017 103.37 44.06 109.34
5/31/2017 108.97 47.24 112.29
6/30/2017 112.75 47.91 113.61
7/31/2017 123.38 52.05 118.00
8/31/2017 124.00 52.63 118.67
9/30/2017 126.13 55.58 123.18
10/31/2017 127.38 58.81 128.39
11/30/2017 128.36 61.88 135.39
12/31/2017 128.12 64.49 138.01
1/31/2018 145.69 73.77 151.64
2/28/2018 141.48 66.48 142.36
3/31/2018 136.63 0.00 136.20
4/30/2018 134.23 64.47 137.11

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 05/25/2018

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

(65.8% of assets as of 04/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Global Value Fund MSCI ACWI Overweight / Underweight
United States 61.2% 52.0% 9.2%
China 10.8% 3.6% 7.2%
Denmark 7.1% 0.6% 6.5%
Germany 5.4% 3.2% 2.2%
United Kingdom 5.1% 5.9% -0.8%
Japan 4.5% 8.0% -3.5%
Switzerland 1.7% 2.5% -0.7%
France 1.3% 3.7% -2.4%
Sweden 0.3% 0.8% -0.6%
Developed Markets Global Value Fund MSCI ACWI Overweight / Underweight
Americas 61.2% 55.0% 6.2%
Europe 21.0% 21.0% 0.0%
Asia Pacific 4.5% 11.8% -7.3%
Emerging Markets Global Value Fund MSCI ACWI Overweight / Underweight
Asia Pacific 10.8% 8.8% 2.0%
Equity Sector Global Value Fund MSCI ACWI Overweight / Underweight
Information Technology 35.3% 18.6% 16.7%
Health Care 18.8% 10.6% 8.2%
Financials 18.5% 18.6% -0.1%
Consumer Discretionary 16.6% 12.4% 4.2%
Materials 4.2% 5.4% -1.2%
Industrials 4.1% 10.7% -6.6%
Industry Global Value Fund MSCI ACWI Overweight / Underweight
Internet Software & Services 17.3% 4.0% 13.3%
Software 10.9% 3.7% 7.2%
Media 9.6% 2.0% 7.6%
Banks 8.4% 10.2% -1.8%
Internet & Direct Marketing Retail 7.0% 2.1% 4.9%
IT Services 6.8% 2.9% 3.9%
Biotechnology 5.9% 1.7% 4.2%
Pharmaceuticals 5.2% 4.7% 0.5%
Insurance 5.2% 4.0% 1.2%
Capital Markets 4.9% 2.7% 2.2%
Chemicals 4.2% 2.8% 1.4%
Health Care Equipment & Supplies 3.9% 1.9% 2.0%
Professional Services 3.4% 0.6% 2.8%
Life Sciences Tools & Services 2.3% 0.5% 1.8%
Health Care Technology 1.5% 0.1% 1.4%
Machinery 0.7% 1.8% -1.2%
Technology Hardware Storage & Peripherals 0.3% 3.0% -2.7%
Asset Allocation Global Value Fund MSCI ACWI Overweight / Underweight
Equity 97.5% 100.0% -2.5%
Market Cap Global Value Fund MSCI ACWI Overweight / Underweight
Large 67.2% 88.5% -21.3%
Mid 17.0% 11.4% 5.6%
Small 13.3% 0.1% 13.2%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
722
Category
World Large Stock
Performance Statistics
3Y
5Y
Alpha
-1.02
-1.21
Beta
1.22
1.23
Information Ratio
0.02
0.05
R-Squared
83.89
81.02
Sharpe Ratio
0.54
0.67
Standard Deviation
14.34
14.02
Upside Capture
115.42
112.89
Downside Capture
124.32
120.24
Sortino Ratio
0.24
0.31
Tracking Error
6.21
6.53
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/7/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$140.60 B
$130.40 B
Median Market Cap (weighted)
$44.80 B
$53.50 B
P/E Ratio (LTM)
34.31
18.47
P/E Ratio (NTM)
22.65
15.17
Price/Book
2.67
2.34
Debt to Capital Ratio
35.40
43.58
Turnover Ratio
59.00%
-
Active Share
93.81%
-
Distribution Sources
  • D
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
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. 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.
  8. 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.
  9. 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.
  10. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  11. 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.
  12. 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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