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GLVAX

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
68380Q109
NAV
  • A
(as of 04/19/2018)
$53.02
Total Assets
(as of 03/31/2018)
$583.29 MM
Gross Expense Ratio
(as of 03/29/2018)
1.31%
Net Expense Ratio
(as of 03/29/2018)
1.31%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 03/31/2018
  • 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)
3.73% 20.14% 8.03% 9.53% 9.63% 6.34%
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)
-2.23% 13.23% 5.91% 8.24% 8.98% 5.75%
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 (NAV)
3.73% 20.14% 8.03% 9.53% 9.63% 6.34%
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)
-2.23% 13.23% 5.91% 8.24% 8.98% 5.75%
MSCI ACWI
-0.96% 14.85% 8.12% 9.20% 5.57% -
Gross Expense Ratio: 1.31% | Net Expense Ratio: 1.31%

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.


Year Global Value Fund MSCI ACWI
2008 -47.04% -42.19%
2009 73.81% 34.63%
2010 25.57% 12.67%
2011 -7.94% -7.35%
2012 19.55% 16.13%
2013 42.58% 22.80%
2014 -4.80% 4.16%
2015 -0.65% -2.36%
2016 -0.82% 7.86%
2017 25.08% 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, 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.


Date Global Value Fund MSCI ACWI S&P 500
3/31/2008 0.00 0.00 0.00
4/30/2008 5.98 5.58 4.87
5/31/2008 9.34 7.23 6.23
6/30/2008 -6.11 -1.58 -2.73
7/31/2008 -3.59 -4.13 -3.54
8/31/2008 5.76 -6.20 -2.15
9/30/2008 -10.81 -17.92 -10.87
10/31/2008 -33.79 -34.19 -25.84
11/30/2008 -41.54 -38.51 -31.16
12/31/2008 -39.84 -36.28 -30.43
1/31/2009 -43.26 -41.72 -36.29
2/28/2009 -51.80 -47.43 -43.07
3/31/2009 -46.46 -43.10 -38.09
4/30/2009 -31.34 -36.38 -32.16
5/31/2009 -24.94 -30.05 -28.37
6/30/2009 -24.26 -30.44 -28.23
7/31/2009 -16.08 -24.31 -22.80
8/31/2009 -9.55 -21.61 -20.01
9/30/2009 -0.27 -18.01 -17.03
10/31/2009 -6.21 -19.28 -18.57
11/30/2009 -1.69 -15.96 -13.68
12/31/2009 4.57 -14.22 -12.01
1/31/2010 0.89 -17.92 -15.18
2/28/2010 7.56 -16.88 -12.55
3/31/2010 16.03 -11.53 -7.28
4/30/2010 20.50 -11.38 -5.81
5/31/2010 8.49 -19.78 -13.33
6/30/2010 1.95 -22.26 -17.87
7/31/2010 14.24 -15.93 -12.12
8/31/2010 6.87 -18.87 -16.08
9/30/2010 17.69 -11.11 -8.59
10/31/2010 23.17 -7.89 -5.12
11/30/2010 21.88 -9.94 -5.10
12/31/2010 31.31 -3.35 1.24
1/31/2011 35.00 -1.83 3.64
2/28/2011 39.92 1.03 7.19
3/31/2011 41.21 0.93 7.23
4/30/2011 45.44 5.05 10.41
5/31/2011 43.10 2.80 9.16
6/30/2011 39.88 1.18 7.34
7/31/2011 33.02 -0.47 5.16
8/31/2011 25.88 -7.74 -0.56
9/30/2011 13.36 -16.45 -7.55
10/31/2011 25.98 -7.50 2.56
11/30/2011 21.00 -10.27 2.33
12/31/2011 20.89 -10.45 3.38
1/31/2012 29.26 -5.24 8.01
2/29/2012 36.79 -0.48 12.68
3/31/2012 38.83 0.19 16.39
4/30/2012 35.04 -0.96 15.66
5/31/2012 17.65 -9.84 8.71
6/30/2012 23.75 -5.39 13.19
7/31/2012 24.58 -4.09 14.76
8/31/2012 31.24 -2.01 17.34
9/30/2012 38.13 1.08 20.37
10/31/2012 37.72 0.41 18.15
11/30/2012 39.01 1.69 18.84
12/31/2012 44.52 3.99 19.92
1/31/2013 55.48 8.78 26.13
2/28/2013 55.71 8.77 27.84
3/31/2013 59.08 10.76 32.64
4/30/2013 64.08 13.92 35.19
5/31/2013 70.18 13.61 38.36
6/30/2013 67.18 10.29 36.50
7/31/2013 79.85 15.57 43.44
8/31/2013 77.67 13.16 39.29
9/30/2013 90.44 19.00 43.66
10/31/2013 96.45 23.79 50.26
11/30/2013 99.09 25.54 54.84
12/31/2013 106.05 27.71 58.76
1/31/2014 94.43 22.60 53.27
2/28/2014 104.06 28.52 60.28
3/31/2014 101.42 29.09 61.63
4/30/2014 94.57 30.32 62.82
5/31/2014 99.66 33.09 66.65
6/30/2014 101.75 35.60 70.09
7/31/2014 91.93 33.95 67.74
8/31/2014 97.95 36.91 74.45
9/30/2014 88.64 32.47 72.01
10/31/2014 91.28 33.41 76.21
11/30/2014 97.95 35.64 80.95
12/31/2014 96.15 33.02 80.49
1/31/2015 86.82 30.94 75.07
2/28/2015 101.39 38.23 85.14
3/31/2015 98.93 36.09 82.21
4/30/2015 102.23 40.04 83.96
5/31/2015 106.10 39.85 86.32
6/30/2015 100.25 36.56 82.71
7/31/2015 104.59 37.75 86.54
8/31/2015 84.84 28.30 75.29
9/30/2015 79.71 23.66 70.95
10/31/2015 97.85 33.36 85.37
11/30/2015 99.45 32.26 85.92
12/31/2015 94.88 29.87 82.99
1/31/2016 75.84 22.04 73.91
2/29/2016 72.92 21.20 73.67
3/31/2016 85.46 30.18 85.46
4/30/2016 84.98 32.11 86.18
5/31/2016 88.94 32.27 89.52
6/30/2016 80.32 31.47 90.01
7/31/2016 92.48 37.14 97.02
8/31/2016 94.50 37.60 97.29
9/30/2016 97.19 38.44 97.33
10/31/2016 89.51 36.09 93.73
11/30/2016 92.01 37.13 100.90
12/31/2016 93.28 40.09 104.88
1/31/2017 101.67 43.92 108.76
2/28/2017 108.74 47.96 117.05
3/31/2017 108.74 49.77 117.30
4/30/2017 115.52 52.10 119.54
5/31/2017 121.46 55.46 122.63
6/30/2017 125.47 56.17 124.01
7/31/2017 136.73 60.53 128.62
8/31/2017 137.39 61.15 129.32
9/30/2017 139.65 64.26 134.05
10/31/2017 140.97 67.67 139.51
11/30/2017 142.01 70.92 146.86
12/31/2017 141.75 73.67 149.60
1/31/2018 160.38 83.47 163.89
2/28/2018 155.92 75.76 154.17
3/29/2018 150.78

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.

$ per share as of 04/20/2018

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

(64.4% of assets as of 03/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Emerging Markets
Country Global Value Fund MSCI ACWI Overweight / Underweight
United States 62.8% 52.2% 10.5%
China 10.1% 3.7% 6.5%
Denmark 6.9% 0.6% 6.3%
Japan 5.1% 8.0% -2.9%
United Kingdom 5.1% 5.7% -0.6%
Germany 5.0% 3.2% 1.8%
Switzerland 1.7% 2.5% -0.9%
France 1.3% 3.6% -2.3%
Sweden 0.3% 0.9% -0.6%
Developed Markets Global Value Fund MSCI ACWI Overweight / Underweight
Americas 62.8% 55.2% 7.5%
Europe 20.2% 20.7% -0.5%
Asia Pacific 5.1% 11.7% -6.7%
Equity Sector Global Value Fund MSCI ACWI Overweight / Underweight
Information Technology 33.1% 18.8% 14.2%
Health Care 19.6% 10.6% 9.0%
Financials 18.9% 18.7% 0.2%
Consumer Discretionary 17.2% 12.3% 4.9%
Industrials 5.6% 10.8% -5.3%
Materials 3.8% 5.4% -1.5%
Industry Global Value Fund MSCI ACWI Overweight / Underweight
Internet Software & Services 15.8% 4.0% 11.8%
Media 11.1% 2.1% 9.0%
Software 10.4% 3.7% 6.7%
Banks 8.3% 10.3% -2.0%
IT Services 6.6% 2.9% 3.8%
Internet & Direct Marketing Retail 6.1% 2.0% 4.1%
Biotechnology 6.0% 1.8% 4.2%
Insurance 5.6% 4.0% 1.6%
Pharmaceuticals 5.4% 4.8% 0.6%
Capital Markets 5.0% 2.8% 2.2%
Professional Services 4.8% 0.6% 4.2%
Health Care Equipment & Supplies 4.2% 1.9% 2.3%
Chemicals 3.8% 2.8% 1.1%
Life Sciences Tools & Services 2.2% 0.5% 1.7%
Health Care Technology 1.8% 0.1% 1.7%
Machinery 0.8% 1.9% -1.2%
Technology Hardware Storage & Peripherals 0.3% 3.1% -2.8%
Asset Allocation Global Value Fund MSCI ACWI Overweight / Underweight
Equity 98.2% 100.0% -1.8%
Market Cap Global Value Fund MSCI ACWI Overweight / Underweight
Large 65.5% 87.5% -22.0%
Mid 21.1% 12.4% 8.8%
Small 11.5% 0.1% 11.4%
Emerging Markets Global Value Fund MSCI ACWI Overweight / Underweight
Asia Pacific 10.1% 8.9% 1.2%
Analytics
(As of 03/31/2018)

Morningstar 03/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
717
Category
World Large Stock
Performance Statistics
3Y
5Y
Alpha
-1.27
-1.27
Beta
1.21
1.22
Information Ratio
-0.02
0.05
R-Squared
84.01
81.47
Sharpe Ratio
0.57
0.70
Standard Deviation
14.30
14.02
Upside Capture
114.58
113.51
Downside Capture
125.45
121.62
Sortino Ratio
0.25
0.32
Tracking Error
6.13
6.46
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)
$125.90 B
$129.40 B
Median Market Cap (weighted)
$37.10 B
$53.50 B
P/E Ratio (LTM)
36.13
18.79
P/E Ratio (NTM)
24.58
15.08
Price/Book
2.71
2.31
Debt to Capital Ratio
36.14
43.68
Turnover Ratio
59.00%
-
Active Share
93.90%
-
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, 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.
  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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