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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 05/23/2018)
$55.61
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
  • B
as of 03/31/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr since inception
Global Value Fund (NAV)
3.83% 3.83% 20.64% 8.50% 10.00% 12.65%
MSCI ACWI
-0.96% -0.96% 14.85% 8.12% 9.20% -
Cumulative
Annualized
3 mo ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr since inception
Global Value Fund (NAV)
-4.58% 2.81% 15.65% 7.53% 9.10% 12.26%
MSCI ACWI
-5.36% -0.02% 14.16% 7.43% 8.80% -
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
4/30/2013 0.00 0.00 0.00
5/31/2013 3.75 -0.27 2.34
6/30/2013 1.93 -3.19 0.96
7/31/2013 9.70 1.45 6.10
8/31/2013 8.45 -0.67 3.03
9/30/2013 16.28 4.46 6.26
10/31/2013 19.97 8.66 11.15
11/30/2013 21.64 10.20 14.53
12/31/2013 25.91 12.10 17.43
1/31/2014 18.89 7.62 13.37
2/28/2014 24.81 12.82 18.56
3/31/2014 23.24 13.32 19.55
4/30/2014 19.09 14.40 20.44
5/31/2014 22.26 16.83 23.26
6/30/2014 23.58 19.03 25.81
7/31/2014 17.60 17.59 24.08
8/31/2014 21.33 20.18 29.04
9/30/2014 15.69 16.29 27.23
10/31/2014 17.32 17.10 30.34
11/30/2014 21.47 19.06 33.84
12/31/2014 20.41 16.77 33.51
1/31/2015 14.73 14.94 29.50
2/28/2015 23.73 21.34 36.94
3/31/2015 22.24 19.46 34.78
4/30/2015 24.33 22.93 36.07
5/31/2015 26.76 22.76 37.82
6/30/2015 23.19 19.87 35.15
7/31/2015 25.93 20.92 37.98
8/31/2015 13.82 12.63 29.66
9/30/2015 10.68 8.55 26.45
10/31/2015 21.93 17.07 37.11
11/30/2015 22.93 16.10 37.52
12/31/2015 20.16 14.01 35.35
1/31/2016 8.45 7.13 28.64
2/29/2016 6.71 6.39 28.46
3/31/2016 14.47 14.28 37.18
4/30/2016 14.25 15.96 37.71
5/31/2016 16.73 16.11 40.18
6/30/2016 11.42 15.41 40.55
7/31/2016 18.99 20.38 45.73
8/31/2016 20.30 20.79 45.93
9/30/2016 21.99 21.53 45.96
10/31/2016 17.27 19.46 43.30
11/30/2016 18.84 20.37 48.60
12/31/2016 19.70 22.97 51.54
1/31/2017 24.96 26.33 54.42
2/28/2017 29.38 29.88 60.55
3/31/2017 29.41 31.47 60.73
4/30/2017 33.67 33.51 62.39
5/31/2017 37.41 36.46 64.67
6/30/2017 39.92 37.08 65.70
7/31/2017 47.01 40.91 69.11
8/31/2017 47.46 41.45 69.62
9/30/2017 48.89 44.19 73.12
10/31/2017 49.78 47.18 77.16
11/30/2017 50.46 50.03 82.60
12/31/2017 50.36 52.45 84.63
1/31/2018 62.00 61.05 95.20
2/28/2018 59.29 54.29 88.00
3/31/2018 56.12 0.00 83.22
4/30/2018 54.58 52.43 83.93

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 05/24/2018

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 6
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%
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. 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.
  3. 3. 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.
  4. 4. Access index definitions.
  5. 5. 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.
  6. 6. 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.
  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 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.
  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.
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