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GLVCX

Global Value Fund

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Overview

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

Inception Date
October 1, 2007
Investment Style
Global Value
Fund Index
MSCI ACWI
CUSIP
68380Q307
NAV
  • A
(as of 05/25/2018)
$50.28
Total Assets
(as of 04/30/2018)
$580.90 MM
Gross Expense Ratio
(as of 04/30/2018)
2.06%
Net Expense Ratio
(as of 04/30/2018)
2.06%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2018
  • B
as of 03/31/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Value Fund (NAV)
3.53% 19.24% 7.21% 8.69% 8.80% 5.54%
MSCI ACWI
-0.96% 14.85% 8.12% 9.20% 5.57% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Value Fund (with sales charge)
2.53% 18.24% 7.21% 8.69% 8.80% 5.54%
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)
2.41% 14.29% 6.26% 7.81% 8.06% 5.39%
MSCI ACWI
-0.02% 14.16% 7.43% 8.80% 5.10% -
Cumulative
Annualized
ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Value Fund (with sales charge)
1.41% 13.29% 6.26% 7.81% 8.06% 5.39%
MSCI ACWI
-0.02% 14.16% 7.43% 8.80% 5.10% -
Gross Expense Ratio: 2.06% | Net Expense Ratio: 2.06%

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.


Year Global Value Fund MSCI ACWI
2008 -47.43% -42.19%
2009 72.47% 34.63%
2010 24.67% 12.67%
2011 -8.64% -7.35%
2012 18.58% 16.13%
2013 41.46% 22.80%
2014 -5.51% 4.16%
2015 -1.40% -2.36%
2016 -1.57% 7.86%
2017 24.15% 23.97%

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.


Date Global Value Fund MSCI ACWI S&P 500
4/30/2008 0.00 0.00 0.00
5/31/2008 3.14 1.56 1.30
6/30/2008 -11.52 -6.78 -7.24
7/31/2008 -9.17 -9.20 -8.02
8/31/2008 -0.46 -11.15 -6.69
9/30/2008 -16.09 -22.26 -15.01
10/31/2008 -37.75 -37.66 -29.28
11/30/2008 -45.08 -41.76 -34.36
12/31/2008 -43.51 -39.65 -33.66
1/31/2009 -46.76 -44.80 -39.25
2/28/2009 -54.82 -50.21 -45.72
3/31/2009 -49.85 -46.11 -40.96
4/30/2009 -35.71 -39.75 -35.31
5/31/2009 -29.72 -33.74 -31.69
6/30/2009 -29.16 -34.11 -31.56
7/31/2009 -21.54 -28.31 -26.38
8/31/2009 -15.50 -25.75 -23.72
9/30/2009 -6.89 -22.34 -20.88
10/31/2009 -12.50 -23.54 -22.35
11/30/2009 -8.35 -20.40 -17.69
12/31/2009 -2.57 -18.75 -16.10
1/31/2010 -6.00 -22.26 -19.12
2/28/2010 0.14 -21.27 -16.61
3/31/2010 7.95 -16.21 -11.58
4/30/2010 12.07 -16.06 -10.19
5/31/2010 0.78 -24.02 -17.36
6/30/2010 -5.32 -26.36 -21.68
7/31/2010 6.02 -20.37 -16.20
8/31/2010 -0.89 -23.16 -19.98
9/30/2010 9.06 -15.80 -12.84
10/31/2010 14.08 -12.76 -9.52
11/30/2010 12.80 -14.70 -9.51
12/31/2010 21.47 -8.46 -3.46
1/31/2011 24.77 -7.02 -1.17
2/28/2011 29.24 -4.31 2.21
3/31/2011 30.35 -4.41 2.25
4/30/2011 34.17 -0.50 5.28
5/31/2011 31.94 -2.63 4.09
6/30/2011 28.85 -4.17 2.35
7/31/2011 22.45 -5.73 0.27
8/31/2011 15.80 -12.62 -5.18
9/30/2011 4.26 -20.87 -11.84
10/31/2011 15.80 -12.39 -2.21
11/30/2011 11.21 -15.01 -2.42
12/31/2011 10.97 -15.18 -1.42
1/31/2012 18.60 -10.25 2.99
2/29/2012 25.42 -5.73 7.45
3/31/2012 27.18 -5.11 10.98
4/30/2012 23.65 -6.19 10.29
5/31/2012 7.60 -14.60 3.66
6/30/2012 13.13 -10.39 7.93
7/31/2012 13.82 -9.16 9.43
8/31/2012 19.81 -7.18 11.89
9/30/2012 26.02 -4.26 14.78
10/31/2012 25.55 -4.90 12.66
11/30/2012 26.67 -3.68 13.32
12/31/2012 31.58 -1.50 14.35
1/31/2013 41.50 3.04 20.27
2/28/2013 41.63 3.02 21.91
3/31/2013 44.61 4.90 26.48
4/30/2013 49.05 7.90 28.92
5/31/2013 54.44 7.61 31.93
6/30/2013 51.60 4.46 30.16
7/31/2013 62.98 9.46 36.78
8/31/2013 60.95 7.18 32.82
9/30/2013 72.43 12.72 36.99
10/31/2013 77.69 17.25 43.28
11/30/2013 79.97 18.91 47.65
12/31/2013 86.14 20.96 51.39
1/31/2014 75.57 16.12 46.15
2/28/2014 84.16 21.73 52.84
3/31/2014 81.66 22.27 54.12
4/30/2014 75.36 23.43 55.26
5/31/2014 79.84 26.06 58.91
6/30/2014 81.61 28.43 62.19
7/31/2014 72.64 26.88 59.95
8/31/2014 77.95 29.68 66.35
9/30/2014 69.49 25.47 64.02
10/31/2014 71.74 26.36 68.03
11/30/2014 77.60 28.47 72.54
12/31/2014 75.88 25.99 72.11
1/31/2015 67.41 24.02 66.94
2/28/2015 80.36 30.93 76.54
3/31/2015 78.04 28.90 73.75
4/30/2015 80.89 32.64 75.41
5/31/2015 84.23 32.46 77.67
6/30/2015 78.87 29.35 74.23
7/31/2015 82.65 30.47 77.88
8/31/2015 64.95 21.53 67.15
9/30/2015 60.20 17.12 63.01
10/31/2015 76.32 26.31 76.76
11/30/2015 77.60 25.27 77.29
12/31/2015 73.42 23.01 74.49
1/31/2016 56.38 15.59 65.83
2/29/2016 53.70 14.80 65.61
3/31/2016 64.77 23.31 76.84
4/30/2016 64.24 25.13 77.53
5/31/2016 67.63 25.28 80.72
6/30/2016 59.85 24.52 81.19
7/31/2016 70.57 29.89 87.87
8/31/2016 72.24 30.33 88.13
9/30/2016 74.48 31.13 88.17
10/31/2016 67.58 28.90 84.73
11/30/2016 69.69 29.88 91.57
12/31/2016 70.70 32.69 95.36
1/31/2017 77.99 36.31 99.07
2/28/2017 84.14 40.14 106.97
3/31/2017 84.01 41.85 107.21
4/30/2017 89.90 44.06 109.34
5/31/2017 94.99 47.24 112.29
6/30/2017 98.37 47.91 113.61
7/31/2017 108.17 52.05 118.00
8/31/2017 108.65 52.63 118.67
9/30/2017 110.45 55.58 123.18
10/31/2017 111.46 58.81 128.39
11/30/2017 112.26 61.88 135.39
12/31/2017 111.93 64.49 138.01
1/31/2018 128.10 73.77 151.64
2/28/2018 124.07 66.48 142.36
3/31/2018 119.41 62.91 136.20
4/30/2018 117.03 64.47 137.11

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.

$ per share as of 05/26/2018

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
-2.21
-2.41
Beta
1.22
1.22
Information Ratio
-0.19
-0.15
R-Squared
83.93
81.05
Sharpe Ratio
0.45
0.58
Standard Deviation
14.33
14.01
Upside Capture
110.86
108.66
Downside Capture
127.95
124.32
Sortino Ratio
0.20
0.27
Tracking Error
6.19
6.52
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%
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. 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.
  7. 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 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.
  8. 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.
  9. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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