Overview
The Strategy primarily invests globally in stocks, bonds and alternatives.
- Inception Date
- May 1, 2000
- Investment Style
- Global Allocation
- Fund Index
- 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg
- CUSIP
- 68380E833
-
NAV
- A
- (as of 04/19/2018)
- $19.69
- Total Assets
- (as of 03/31/2018)
- $1.64 BN
Performance
Average Annual Returns as of 03/31/2018
Average Annual Returns as of 03/31/2018
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
ytd as of 2018-03-31
|
1 yr | 3 yr | 5 yr | 10 yr | since inception | |
| -0.81% | 8.24% | 5.20% | 6.28% | 5.38% | 4.55% | |
| -0.56% | 9.83% | 5.91% | 6.23% | 5.29% | - | |
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
ytd as of 2018-03-31
|
1 yr | 3 yr | 5 yr | 10 yr | since inception | |
| -0.81% | 8.24% | 5.20% | 6.28% | 5.38% | 4.55% | |
| -0.56% | 9.83% | 5.91% | 6.23% | 5.29% | - | |
The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
Calendar Year Returns as of 04/19/2018
| Year | Global Allocation Fund | 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg |
|---|---|---|
| 2001 | 3.73% | - |
| 2002 | -19.51% | - |
| 2003 | 30.96% | - |
| 2004 | 10.62% | 13.04% |
| 2005 | 3.15% | 5.45% |
| 2006 | 10.94% | 15.01% |
| 2007 | -3.62% | 10.43% |
| 2008 | -31.34% | -24.35% |
| 2009 | 33.34% | 24.21% |
| 2010 | 13.83% | 10.98% |
| 2011 | -7.45% | -0.82% |
| 2012 | 10.50% | 11.86% |
| 2013 | 18.25% | 12.87% |
| 2014 | 0.38% | 3.36% |
| 2015 | 0.60% | -1.70% |
| 2016 | 5.02% | 6.52% |
| 2017 | 15.11% | 15.19% |
The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
Cumulative Returns & Income Dividends
| Date | Global Allocation Fund | 60% MSCI ACWI/40% Bloomberg Barclays Global Aggregate Bond Index Hedged USD | BBG Barclays Agg | S&P 500 |
|---|---|---|---|---|
| 3/31/2008 | 0.00 | 0.00 | 0.00 | 0.00 |
| 4/30/2008 | 5.23 | 2.72 | -0.21 | 4.87 |
| 5/31/2008 | 5.23 | 3.39 | -0.94 | 6.23 |
| 6/30/2008 | -2.45 | -1.76 | -1.02 | -2.73 |
| 7/31/2008 | -2.38 | -3.05 | -1.10 | -3.54 |
| 8/31/2008 | -0.68 | -4.45 | -0.16 | -2.15 |
| 9/30/2008 | -11.48 | -12.15 | -1.50 | -10.87 |
| 10/31/2008 | -23.51 | -23.41 | -3.83 | -25.84 |
| 11/30/2008 | -27.38 | -25.37 | -0.70 | -31.16 |
| 12/31/2008 | -24.00 | -21.76 | 3.01 | -30.43 |
| 1/31/2009 | -26.96 | -26.56 | 2.10 | -36.29 |
| 2/28/2009 | -33.68 | -31.42 | 1.71 | -43.07 |
| 3/31/2009 | -29.99 | -27.22 | 3.13 | -38.09 |
| 4/30/2009 | -23.23 | -21.80 | 3.62 | -32.16 |
| 5/31/2009 | -15.81 | -16.34 | 4.37 | -28.37 |
| 6/30/2009 | -16.58 | -16.35 | 4.96 | -28.23 |
| 7/31/2009 | -8.92 | -11.26 | 6.66 | -22.80 |
| 8/31/2009 | -5.41 | -8.69 | 7.76 | -20.01 |
| 9/30/2009 | -2.54 | -5.44 | 8.89 | -17.03 |
| 10/31/2009 | -4.52 | -6.19 | 9.43 | -18.57 |
| 11/30/2009 | -0.20 | -2.83 | 10.85 | -13.68 |
| 12/31/2009 | 1.34 | -2.82 | 9.12 | -12.01 |
| 1/31/2010 | 0.10 | -5.07 | 10.78 | -15.18 |
| 2/28/2010 | 1.42 | -4.06 | 11.20 | -12.55 |
| 3/31/2010 | 6.44 | -0.62 | 11.06 | -7.28 |
| 4/30/2010 | 8.64 | -0.22 | 12.22 | -5.81 |
| 5/31/2010 | 2.32 | -6.21 | 13.16 | -13.33 |
| 6/30/2010 | -1.50 | -7.53 | 14.93 | -17.87 |
| 7/31/2010 | 3.37 | -1.93 | 16.16 | -12.12 |
| 8/31/2010 | -0.17 | -3.51 | 17.66 | -16.08 |
| 9/30/2010 | 7.90 | 2.79 | 17.78 | -8.59 |
| 10/31/2010 | 11.53 | 5.51 | 18.20 | -5.12 |
| 11/30/2010 | 9.53 | 2.99 | 17.52 | -5.10 |
| 12/31/2010 | 15.36 | 7.85 | 16.25 | 1.24 |
| 1/31/2011 | 15.21 | 9.05 | 16.39 | 3.64 |
| 2/28/2011 | 18.42 | 11.30 | 16.68 | 7.19 |
| 3/31/2011 | 18.56 | 11.54 | 16.74 | 7.23 |
| 4/30/2011 | 22.66 | 15.45 | 18.23 | 10.41 |
| 5/31/2011 | 21.10 | 14.16 | 19.77 | 9.16 |
| 6/30/2011 | 19.58 | 13.11 | 19.42 | 7.34 |
| 7/31/2011 | 19.21 | 12.81 | 21.31 | 5.16 |
| 8/31/2011 | 14.62 | 8.68 | 23.09 | -0.56 |
| 9/30/2011 | 4.48 | 1.89 | 23.98 | -7.55 |
| 10/31/2011 | 11.48 | 9.03 | 24.11 | 2.56 |
| 11/30/2011 | 9.45 | 6.70 | 24.01 | 2.33 |
| 12/31/2011 | 6.76 | 6.96 | 25.37 | 3.38 |
| 1/31/2012 | 11.39 | 11.37 | 26.47 | 8.01 |
| 2/29/2012 | 14.94 | 14.68 | 26.44 | 12.68 |
| 3/31/2012 | 15.07 | 14.97 | 25.75 | 16.39 |
| 4/30/2012 | 14.15 | 14.78 | 27.14 | 15.66 |
| 5/31/2012 | 7.42 | 8.32 | 28.29 | 8.71 |
| 6/30/2012 | 9.50 | 11.69 | 28.34 | 13.19 |
| 7/31/2012 | 9.50 | 13.12 | 30.11 | 14.76 |
| 8/31/2012 | 11.83 | 15.01 | 30.20 | 17.34 |
| 9/30/2012 | 14.30 | 17.69 | 30.38 | 20.37 |
| 10/31/2012 | 14.30 | 17.20 | 30.63 | 18.15 |
| 11/30/2012 | 15.31 | 18.19 | 30.84 | 18.84 |
| 12/31/2012 | 17.97 | 19.65 | 30.65 | 19.92 |
| 1/31/2013 | 22.66 | 22.61 | 29.74 | 26.13 |
| 2/28/2013 | 22.98 | 22.37 | 30.39 | 27.84 |
| 3/31/2013 | 24.57 | 23.75 | 30.49 | 32.64 |
| 4/30/2013 | 27.31 | 26.49 | 31.82 | 35.19 |
| 5/31/2013 | 28.02 | 25.04 | 29.46 | 38.36 |
| 6/30/2013 | 24.63 | 22.33 | 27.46 | 36.50 |
| 7/31/2013 | 29.51 | 26.44 | 27.64 | 43.44 |
| 8/31/2013 | 27.46 | 24.64 | 26.98 | 39.29 |
| 9/30/2013 | 33.55 | 29.47 | 28.18 | 43.66 |
| 10/31/2013 | 36.31 | 33.11 | 29.22 | 50.26 |
| 11/30/2013 | 37.57 | 33.91 | 28.74 | 54.84 |
| 12/31/2013 | 39.50 | 35.05 | 28.01 | 58.76 |
| 1/31/2014 | 36.37 | 32.50 | 29.90 | 53.27 |
| 2/28/2014 | 41.74 | 37.07 | 30.59 | 60.28 |
| 3/31/2014 | 40.19 | 37.42 | 30.37 | 61.63 |
| 4/30/2014 | 39.07 | 38.79 | 31.47 | 62.82 |
| 5/31/2014 | 40.59 | 40.93 | 32.97 | 66.65 |
| 6/30/2014 | 41.93 | 42.95 | 33.04 | 70.09 |
| 7/31/2014 | 39.02 | 41.39 | 32.70 | 67.74 |
| 8/31/2014 | 42.33 | 43.73 | 34.17 | 74.45 |
| 9/30/2014 | 38.77 | 39.46 | 33.26 | 72.01 |
| 10/31/2014 | 40.63 | 40.21 | 34.57 | 76.21 |
| 11/30/2014 | 41.92 | 41.50 | 35.52 | 80.95 |
| 12/31/2014 | 40.03 | 39.58 | 35.65 | 80.49 |
| 1/31/2015 | 39.62 | 38.46 | 38.49 | 75.07 |
| 2/28/2015 | 44.99 | 42.57 | 37.19 | 85.14 |
| 3/31/2015 | 45.06 | 40.90 | 37.83 | 82.21 |
| 4/30/2015 | 46.61 | 43.85 | 37.33 | 83.96 |
| 5/31/2015 | 48.65 | 42.81 | 37.00 | 86.32 |
| 6/30/2015 | 47.03 | 40.55 | 35.51 | 82.71 |
| 7/31/2015 | 47.68 | 41.45 | 36.45 | 86.54 |
| 8/31/2015 | 40.31 | 35.76 | 36.25 | 75.29 |
| 9/30/2015 | 37.62 | 33.11 | 37.17 | 70.95 |
| 10/31/2015 | 44.10 | 39.49 | 37.20 | 85.37 |
| 11/30/2015 | 43.77 | 38.83 | 36.83 | 85.92 |
| 12/31/2015 | 40.87 | 37.20 | 36.39 | 82.99 |
| 1/31/2016 | 36.89 | 33.00 | 38.27 | 73.91 |
| 2/29/2016 | 36.39 | 33.00 | 39.25 | 73.67 |
| 3/31/2016 | 42.12 | 39.31 | 40.53 | 85.46 |
| 4/30/2016 | 42.95 | 40.65 | 41.07 | 86.18 |
| 5/31/2016 | 42.70 | 41.01 | 41.10 | 89.52 |
| 6/30/2016 | 44.75 | 41.66 | 43.64 | 90.01 |
| 7/31/2016 | 48.75 | 45.65 | 44.55 | 97.02 |
| 8/31/2016 | 49.00 | 45.92 | 44.38 | 97.29 |
| 9/30/2016 | 50.47 | 46.47 | 44.30 | 97.33 |
| 10/31/2016 | 48.38 | 44.41 | 43.19 | 93.73 |
| 11/30/2016 | 46.04 | 44.12 | 39.81 | 100.90 |
| 12/31/2016 | 47.94 | 46.14 | 40.00 | 104.88 |
| 1/31/2017 | 50.87 | 48.32 | 40.28 | 108.76 |
| 2/28/2017 | 54.05 | 51.32 | 41.22 | 117.05 |
| 3/31/2017 | 56.05 | 52.41 | 41.15 | 117.30 |
| 4/30/2017 | 58.89 | 54.26 | 42.24 | 119.54 |
| 5/31/2017 | 62.51 | 56.66 | 43.33 | 122.63 |
| 6/30/2017 | 62.52 | 56.92 | 43.19 | 124.01 |
| 7/31/2017 | 64.93 | 59.75 | 43.80 | 128.62 |
| 8/31/2017 | 66.23 | 60.71 | 45.09 | 129.32 |
| 9/30/2017 | 66.48 | 62.27 | 44.40 | 134.05 |
| 10/31/2017 | 67.86 | 64.56 | 44.49 | 139.51 |
| 11/30/2017 | 68.81 | 66.58 | 44.30 | 146.86 |
| 12/31/2017 | 70.29 | 68.34 | 44.96 | 149.60 |
| 1/31/2018 | 76.25 | 73.49 | 43.29 | 163.89 |
| 2/28/2018 | 70.72 | 68.98 | 41.93 | 154.17 |
| 3/29/2018 | 68.91 |
| Date | Dividends |
|---|---|
| 6/9/2008 | 0.0768 |
| 9/23/2008 | 0.0961 |
| 12/8/2008 | 0.0874 |
| 3/17/2009 | 0.0582 |
| 6/16/2009 | 0.0442 |
| 9/22/2009 | 0.0341 |
| 12/7/2009 | 0.0304 |
| 3/16/2010 | 0.0338 |
| 6/22/2010 | 0.0431 |
| 9/21/2010 | 0.0539 |
| 12/30/2010 | 0.1272 |
| 3/22/2011 | 0.0181 |
| 6/21/2011 | 0.095 |
| 9/20/2011 | 0.0321 |
| 12/22/2011 | 0.3413 |
| 3/20/2012 | 0.0269 |
| 6/19/2012 | 0.0591 |
| 9/18/2012 | 0.0285 |
| 12/20/2012 | 0.0909 |
| 3/19/2013 | 0.0233 |
| 6/18/2013 | 0.0789 |
| 9/17/2013 | 0.042 |
| 12/17/2013 | 0.2668 |
| 3/18/2014 | 0.0161 |
| 6/17/2014 | 0.076 |
| 9/16/2014 | 0.0186 |
| 12/15/2014 | 0.133 |
| 3/16/2015 | 0.0289 |
| 6/15/2015 | 0.0911 |
| 9/21/2015 | 0.0322 |
| 12/14/2015 | 0.1948 |
| 3/21/2016 | 0.0098 |
| 6/20/2016 | 0.0858 |
| 9/19/2016 | 0.0249 |
| 12/22/2016 | 0.4976 |
| 3/20/2017 | 0.0127 |
| 6/19/2017 | 0.0316 |
| 12/21/2017 | 0.0317 |
There is no guarantee of the payment of any dividend or other distributions at any level.
The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
Capital Gains and Distributions ($ per share) as of 04/19/2018
| Date | 2013 | 2014 | 2015 | 2016 | 2017 |
|---|---|---|---|---|---|
| Short Term | — | — | — | — | — |
| Long Term | — | — | — | — | — |
| Total Amount of Distribution | — | — | — | — | — |
| Record Date | — | — | — | — | — |
| Ex Div Date | — | — | — | — | — |
| Pay Date | — | — | — | — | — |
There is no guarantee of the payment of any dividend or other distributions at any level.
Portfolio
| Country | Global Allocation Fund | 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg | Overweight / Underweight |
|---|---|---|---|
| United States | 47.9% | - | - |
| Japan | 9.6% | - | - |
| United Kingdom | 7.9% | - | - |
| France | 7.3% | - | - |
| Sweden | 5.7% | - | - |
| Germany | 4.7% | - | - |
| Brazil | 3.9% | - | - |
| Switzerland | 3.3% | - | - |
| India | 2.6% | - | - |
| Colombia | 2.3% | - | - |
| Bermuda | 2.2% | - | - |
| Malaysia | 2.1% | - | - |
| Taiwan | 2.1% | - | - |
| Netherlands | 1.9% | - | - |
| Chile | 1.9% | - | - |
| Multi | 1.8% | - | - |
| Spain | 1.8% | - | - |
| Indonesia | 1.8% | - | - |
| South Korea | 1.7% | - | - |
| South Africa | 1.5% | - | - |
| Developed Markets | Global Allocation Fund | 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg | Overweight / Underweight |
|---|---|---|---|
| Americas | 48.3% | - | - |
| Europe | 10.5% | - | - |
| Supranational | 0.8% | - | - |
| Asia Pacific | 0.7% | - | - |
| Middle East | -1.4% | - | - |
| Equity Sector | Global Allocation Fund | 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg | Overweight / Underweight |
|---|---|---|---|
| Information Technology | 13.8% | - | - |
| Consumer Discretionary | 10.7% | - | - |
| Financials | 9.7% | - | - |
| Industrials | 7.4% | - | - |
| Health Care | 5.7% | - | - |
| Consumer Staples | 5.2% | - | - |
| Broad Market | 4.2% | - | - |
| Materials | 2.6% | - | - |
| Energy | 2.6% | - | - |
| Telecommunication Services | 1.1% | - | - |
| Utilities | 0.8% | - | - |
| Real Estate | 0.5% | - | - |
| Emerging Markets | Global Allocation Fund | 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg | Overweight / Underweight |
|---|---|---|---|
| Asia Pacific | 11.0% | - | - |
| Americas | 9.7% | - | - |
| Multi | 1.8% | - | - |
| Africa | 1.8% | - | - |
| Europe | 1.0% | - | - |
| Middle East | 0.1% | - | - |
| Fixed Income Sector | Global Allocation Fund | 60% MSCI ACWI/40% BBG Barc Gbl Agg Hdg | Overweight / Underweight |
|---|---|---|---|
| Treasuries | 27.9% | - | - |
| Catastrophe | 5.0% | - | - |
| Sovereign | 1.1% | - | - |
| Corporates | 0.1% | - | - |
Analytics
Morningstar
03/31/2018
(based on risk adjusted performance)
Overall Rating
Number of Funds
376
Category
World Allocation
Performance Statistics
3Y
5Y
Alpha
-0.67
-0.01
Beta
1.00
1.02
Information Ratio
-0.31
0.02
R-Squared
89.37
87.69
Sharpe Ratio
0.68
0.84
Standard Deviation
6.97
7.15
Sortino Ratio
0.31
0.41
Tracking Error
2.27
2.51
Dividends
- D
Est. Frequency
Annual
Last Pay Date
12/21/2017
Per Share ($)
$0.0317
12-Month Distribution ($)
$0.0633
Portfolio Characteristics
Fund
Fund Index
Current Duration
2.30 yrs
2.70 yrs
Turnover Ratio
40.00%
-
Distribution Sources
- D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Team
Documents
- 1. Because of changes to certain non-fundamental investment policies in connection with a change from a balanced strategy to a global allocation strategy, performance prior to 8/16/10 is not indicative of performance for any subsequent periods.
- 2. 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. Investments in securities of growth companies may be volatile. 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. Event-linked securities are fixed income securities, otherwise known as Cat Bonds, for which the return of principal and interest payment is contingent on the non-occurrence of a trigger event that leads to physical or economic loss. If the trigger event occurs prior to maturity, the Fund may lose all or a portion of its principal and additional interest. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Fixed income investing entails credit and interest rate risks. 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 more at risk of default and are subject to liquidity risk. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. Commodity-linked investments are speculative and have substantial risks, including the loss of principal. 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. Diversification does not guarantee profit or protect against loss.
- 3. The Manager has contractually agreed to waive expenses in an amount equal to the management fee it receives from its Subsidiary for so long as the Fund invests in the Subsidiary. This waiver may not be terminated without the prior approval of the Fund's Board of Trustees.
- 4. 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.
- 5. Access index definitions.
- 6. 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.
- 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. ↩
- B. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment. ↩
- 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. ↩
- D. There is no guarantee of the payment of any dividend or other distributions at any level. ↩