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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 06/20/2018)
$51.58
Total Assets
(as of 05/31/2018)
$601.99 MM
Gross Expense Ratio
(as of 05/31/2018)
2.06%
Net Expense Ratio
(as of 05/31/2018)
2.06%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 05/31/2018
  • E
as of 03/31/2018
  • E

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • E
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 2018-05-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Value Fund (NAV)
5.01% 14.13% 6.50% 7.58% 7.99% 5.59%
MSCI ACWI
0.11% 11.84% 7.52% 8.88% 4.95% -
Cumulative
Annualized
ytd as of 2018-05-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Value Fund (with sales charge)
4.01% 13.13% 6.50% 7.58% 7.99% 5.59%
MSCI ACWI
0.11% 11.84% 7.52% 8.88% 4.95% -
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
5/31/2008 0.00 0.00 0.00
6/30/2008 -14.14 -8.21 -8.43
7/31/2008 -11.83 -10.59 -9.20
8/31/2008 -3.28 -12.52 -7.89
9/30/2008 -18.43 -23.45 -16.09
10/31/2008 -39.45 -38.62 -30.19
11/30/2008 -46.54 -42.65 -35.20
12/31/2008 -44.98 -40.58 -34.51
1/31/2009 -48.11 -45.65 -40.03
2/28/2009 -55.92 -50.97 -46.41
3/31/2009 -51.04 -46.94 -41.72
4/30/2009 -37.21 -40.67 -36.14
5/31/2009 -31.36 -34.76 -32.57
6/30/2009 -30.73 -35.13 -32.43
7/31/2009 -23.25 -29.42 -27.32
8/31/2009 -17.28 -26.89 -24.70
9/30/2009 -8.80 -23.54 -21.89
10/31/2009 -14.23 -24.72 -23.34
11/30/2009 -10.09 -21.62 -18.74
12/31/2009 -4.36 -20.00 -17.17
1/31/2010 -7.73 -23.46 -20.15
2/28/2010 -1.63 -22.48 -17.68
3/31/2010 6.12 -17.50 -12.71
4/30/2010 10.20 -17.36 -11.33
5/31/2010 -0.79 -25.19 -18.41
6/30/2010 -6.76 -27.50 -22.69
7/31/2010 4.48 -21.60 -17.27
8/31/2010 -2.26 -24.34 -21.00
9/30/2010 7.63 -17.10 -13.95
10/31/2010 12.64 -14.10 -10.68
11/30/2010 11.46 -16.01 -10.67
12/31/2010 20.09 -9.86 -4.70
1/31/2011 23.46 -8.45 -2.44
2/28/2011 27.96 -5.78 0.90
3/31/2011 29.14 -5.88 0.94
4/30/2011 33.02 -2.03 3.93
5/31/2011 30.87 -4.13 2.76
6/30/2011 27.92 -5.64 1.04
7/31/2011 21.65 -7.18 -1.01
8/31/2011 15.13 -13.96 -6.39
9/30/2011 3.68 -22.08 -12.97
10/31/2011 15.21 -13.74 -3.46
11/30/2011 10.66 -16.32 -3.67
12/31/2011 10.55 -16.49 -2.68
1/31/2012 18.21 -11.63 1.68
2/29/2012 25.10 -7.18 6.07
3/31/2012 26.96 -6.57 9.56
4/30/2012 23.50 -7.64 8.88
5/31/2012 7.59 -15.92 2.33
6/30/2012 13.18 -11.77 6.55
7/31/2012 13.94 -10.56 8.03
8/31/2012 20.03 -8.61 10.46
9/30/2012 26.33 -5.73 13.32
10/31/2012 25.95 -6.36 11.22
11/30/2012 27.13 -5.16 11.87
12/31/2012 32.17 -3.02 12.89
1/31/2013 42.19 1.45 18.74
2/28/2013 42.40 1.43 20.35
3/31/2013 45.49 3.29 24.86
4/30/2013 50.06 6.24 27.27
5/31/2013 55.64 5.95 30.24
6/30/2013 52.89 2.85 28.50
7/31/2013 64.48 7.78 35.03
8/31/2013 62.49 5.53 31.12
9/30/2013 74.16 10.98 35.23
10/31/2013 79.66 15.44 41.45
11/30/2013 82.07 17.08 45.76
12/31/2013 88.44 19.10 49.45
1/31/2014 77.81 14.33 44.28
2/28/2014 86.62 19.86 50.88
3/31/2014 84.21 20.39 52.15
4/30/2014 77.94 21.53 53.28
5/31/2014 82.60 24.12 56.88
6/30/2014 84.51 26.46 60.12
7/31/2014 75.53 24.92 57.91
8/31/2014 81.03 27.68 64.23
9/30/2014 72.52 23.54 61.92
10/31/2014 74.93 24.41 65.88
11/30/2014 81.03 26.49 70.34
12/31/2014 79.39 24.05 69.91
1/31/2015 70.86 22.11 64.81
2/28/2015 84.17 28.91 74.28
3/31/2015 81.93 26.91 71.52
4/30/2015 84.95 30.60 73.17
5/31/2015 88.48 30.43 75.40
6/30/2015 83.14 27.35 72.00
7/31/2015 87.11 28.46 75.61
8/31/2015 69.05 19.65 65.01
9/30/2015 64.35 15.32 60.93
10/31/2015 80.94 24.37 74.50
11/30/2015 82.41 23.34 75.02
12/31/2015 78.23 21.12 72.26
1/31/2016 60.81 13.81 63.71
2/29/2016 58.14 13.03 63.49
3/31/2016 69.61 21.41 74.58
4/30/2016 69.18 23.20 75.26
5/31/2016 72.80 23.36 78.41
6/30/2016 64.91 22.61 78.87
7/31/2016 76.03 27.89 85.46
8/31/2016 77.88 28.32 85.72
9/30/2016 80.34 29.11 85.76
10/31/2016 73.31 26.92 82.37
11/30/2016 75.60 27.88 89.12
12/31/2016 76.76 30.64 92.86
1/31/2017 84.43 34.22 96.52
2/28/2017 90.90 37.98 104.32
3/31/2017 90.90 39.67 104.56
4/30/2017 97.11 41.85 106.66
5/31/2017 102.54 44.98 109.57
6/30/2017 106.20 45.64 110.88
7/31/2017 116.50 49.71 115.22
8/31/2017 117.10 50.28 115.87
9/30/2017 119.17 53.19 120.33
10/31/2017 120.38 56.37 125.47
11/30/2017 121.33 59.39 132.38
12/31/2017 121.09 61.96 134.97
1/31/2018 138.13 71.10 148.42
2/28/2018 134.05 63.91 139.26
3/31/2018 129.35 60.41 133.18
4/30/2018 127.02 61.94 134.08
5/31/2018 132.90 62.14 139.72

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 06/20/2018

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

(64.7% of assets as of 05/31/2018)


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 60.7% 53.2% 7.5%
China 11.1% 3.7% 7.4%
Denmark 6.6% 0.5% 6.1%
Germany 5.2% 3.1% 2.2%
United Kingdom 4.8% 5.8% -1.1%
Japan 4.4% 7.9% -3.5%
Switzerland 1.8% 2.4% -0.6%
France 0.9% 3.5% -2.6%
Sweden 0.3% 0.8% -0.5%
Developed Markets Global Value Fund MSCI ACWI Overweight / Underweight
Americas 60.7% 56.3% 4.4%
Europe 19.7% 20.2% -0.5%
Asia Pacific 4.4% 11.7% -7.3%
Emerging Markets Global Value Fund MSCI ACWI Overweight / Underweight
Asia Pacific 11.1% 8.7% 2.4%
Equity Sector Global Value Fund MSCI ACWI Overweight / Underweight
Information Technology 37.5% 19.7% 17.8%
Financials 17.4% 17.8% -0.4%
Health Care 16.9% 10.8% 6.0%
Consumer Discretionary 15.9% 12.4% 3.5%
Materials 4.2% 5.4% -1.2%
Industrials 3.9% 10.7% -6.8%
Industry Global Value Fund MSCI ACWI Overweight / Underweight
Internet Software & Services 17.9% 4.3% 13.6%
Software 12.2% 3.9% 8.3%
Media 8.8% 2.0% 6.8%
Banks 7.8% 9.7% -1.9%
IT Services 7.1% 3.0% 4.2%
Internet & Direct Marketing Retail 7.1% 2.2% 4.9%
Pharmaceuticals 5.0% 4.7% 0.4%
Insurance 4.8% 3.8% 1.0%
Capital Markets 4.7% 2.7% 2.1%
Chemicals 4.2% 2.8% 1.4%
Health Care Equipment & Supplies 4.0% 2.0% 2.0%
Biotechnology 3.9% 1.8% 2.1%
Professional Services 3.3% 0.6% 2.7%
Life Sciences Tools & Services 2.4% 0.5% 1.9%
Health Care Technology 1.5% 0.1% 1.5%
Machinery 0.6% 1.8% -1.2%
Technology Hardware Storage & Peripherals 0.3% 3.2% -3.0%
Asset Allocation Global Value Fund MSCI ACWI Overweight / Underweight
Equity 95.9% 100.0% -4.1%
Market Cap Global Value Fund MSCI ACWI Overweight / Underweight
Large 66.2% 88.4% -22.2%
Mid 20.1% 11.5% 8.7%
Small 9.6% 0.1% 9.5%
Analytics
(As of 05/31/2018)

Morningstar 05/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
726
Category
World Large Stock
Performance Statistics
3Y
5Y
Alpha
-2.07
-2.75
Beta
1.22
1.23
Information Ratio
-0.16
-0.20
R-Squared
83.64
82.02
Sharpe Ratio
0.46
0.56
Standard Deviation
14.35
13.97
Upside Capture
115.36
111.25
Downside Capture
134.10
131.88
Sortino Ratio
0.20
0.26
Tracking Error
6.25
6.37
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)
$156.50 B
$139.30 B
Median Market Cap (weighted)
$44.00 B
$55.00 B
P/E Ratio (LTM)
37.27
18.33
P/E Ratio (NTM)
23.47
15.01
Price/Book
2.81
2.38
Debt to Capital Ratio
35.53
43.18
Turnover Ratio
59%
-
Active Share
93.57%
-
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.
  10. 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.
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