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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 11/20/2017)
$52.27
Total Assets
(as of 10/31/2017)
$554.00 MM
Gross Expense Ratio
(as of 10/31/2017)
0.86%
Net Expense Ratio
(as of 10/31/2017)
0.86%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2017
  • B
as of 09/30/2017
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2017-09-30
  • C
1 yr 3 yr 5 yr since inception
Global Value Fund (NAV)
6.41% 24.39% 22.06% 8.77% 12.14% 12.93%
Cumulative
Annualized
3 mo ytd as of 2017-10-31
  • C
1 yr 3 yr 5 yr since inception
Global Value Fund (NAV)
1.89% 25.13% 27.72% 8.48% 12.33% 12.83%
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%

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
10/31/2012 0.00 0.00 0.00
11/30/2012 0.97 1.28 0.58
12/31/2012 5.01 3.57 1.50
1/31/2013 13.02 8.34 6.75
2/28/2013 13.22 8.33 8.20
3/31/2013 15.73 10.31 12.26
4/30/2013 19.40 13.46 14.42
5/31/2013 23.87 13.15 17.10
6/30/2013 21.70 9.84 15.53
7/31/2013 30.99 15.10 21.41
8/31/2013 29.48 12.70 17.89
9/30/2013 38.83 18.52 21.59
10/31/2013 43.24 23.29 27.18
11/30/2013 45.24 25.03 31.05
12/31/2013 50.33 27.19 34.37
1/31/2014 41.96 22.10 29.72
2/28/2014 49.03 28.00 35.66
3/31/2014 47.15 28.57 36.80
4/30/2014 42.19 29.79 37.81
5/31/2014 45.98 32.55 41.04
6/30/2014 47.55 35.05 43.96
7/31/2014 40.41 33.41 41.97
8/31/2014 44.87 36.36 47.65
9/30/2014 38.14 31.94 45.58
10/31/2014 40.08 32.87 49.14
11/30/2014 45.04 35.09 53.15
12/31/2014 43.77 32.48 52.76
1/31/2015 36.99 30.41 48.18
2/28/2015 47.73 37.67 56.69
3/31/2015 45.96 35.54 54.22
4/30/2015 48.45 39.47 55.69
5/31/2015 51.34 39.29 57.70
6/30/2015 47.08 36.01 54.64
7/31/2015 50.36 37.19 57.88
8/31/2015 35.90 27.79 48.36
9/30/2015 32.15 23.16 44.69
10/31/2015 45.58 32.82 56.89
11/30/2015 46.77 31.72 57.36
12/31/2015 43.47 29.35 54.88
1/31/2016 29.49 21.55 47.19
2/29/2016 27.41 20.71 46.99
3/31/2016 36.68 29.66 56.96
4/30/2016 36.41 31.57 57.57
5/31/2016 39.37 31.74 60.40
6/30/2016 33.03 30.94 60.82
7/31/2016 42.07 36.58 66.75
8/31/2016 43.64 37.04 66.98
9/30/2016 45.65 37.88 67.01
10/31/2016 40.02 35.54 63.97
11/30/2016 41.90 36.57 70.04
12/31/2016 42.92 39.52 73.40
1/31/2017 49.20 43.34 76.69
2/28/2017 54.48 47.36 83.70
3/31/2017 54.52 49.16 83.92
4/30/2017 59.60 51.48 85.81
5/31/2017 64.06 54.83 88.42
6/30/2017 67.07 55.53 89.60
7/31/2017 75.52 59.88 93.50
8/31/2017 76.07 60.49 94.09
9/30/2017 77.77 63.59 98.09
10/31/2017 78.83 66.99 102.72

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 11/20/2017

Date 2012 2013 2014 2015 2016
Short Term 0.2156
Long Term 0.5300
Total Amount of Distribution 0.7455
Record Date 12/3/14
Ex Div Date 12/4/14
Pay Date 12/4/14

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Issuers

(68.6% of assets as of 10/31/2017)


Portfolio Holdings Breakdown

Country 6
Developed Markets 6
Emerging Markets 6
Equity Sector 6
Industry 6
Asset Allocation 6
Market Cap 7
Country Global Value Fund MSCI ACWI Overweight / Underweight
United States 63.5% 52.1% 11.4%
China 9.5% 3.5% 6.0%
France 6.5% 3.6% 3.0%
Germany 4.7% 3.2% 1.5%
Japan 4.5% 7.9% -3.4%
Denmark 3.6% 0.6% 3.0%
United Kingdom 2.4% 5.9% -3.5%
Switzerland 2.1% 2.6% -0.6%
Sweden 2.0% 0.9% 1.0%
Developed Markets Global Value Fund MSCI ACWI Overweight / Underweight
Americas 63.5% 55.2% 8.2%
Europe 21.3% 21.2% 0.1%
Asia Pacific 4.5% 11.7% -7.2%
Emerging Markets Global Value Fund MSCI ACWI Overweight / Underweight
Asia Pacific 9.5% 8.6% 0.8%
Equity Sector Global Value Fund MSCI ACWI Overweight / Underweight
Information Technology 31.0% 18.4% 12.6%
Health Care 21.5% 10.8% 10.7%
Consumer Discretionary 20.1% 11.9% 8.2%
Financials 17.5% 18.6% -1.2%
Industrials 5.2% 10.8% -5.6%
Telecommunication Services 2.1% 3.0% -0.9%
Materials 1.4% 5.4% -4.0%
Industry Global Value Fund MSCI ACWI Overweight / Underweight
Internet Software & Services 16.4% 4.0% 12.3%
Media 14.9% 2.1% 12.7%
Software 7.7% 3.5% 4.2%
IT Services 6.6% 2.7% 3.9%
Banks 6.4% 10.3% -3.9%
Pharmaceuticals 6.3% 4.9% 1.4%
Capital Markets 6.2% 2.6% 3.6%
Health Care Equipment & Supplies 5.8% 1.9% 3.9%
Internet & Direct Marketing Retail 5.3% 1.6% 3.6%
Professional Services 4.4% 0.5% 3.9%
Biotechnology 4.3% 1.8% 2.5%
Life Sciences Tools & Services 3.9% 0.5% 3.4%
Insurance 3.3% 4.0% -0.8%
Diversified Telecommunication Services 2.1% 2.0% 0.1%
Diversified Financial Services 1.6% 1.0% 0.6%
Chemicals 1.4% 2.9% -1.5%
Health Care Technology 1.3% 0.1% 1.2%
Machinery 0.8% 1.9% -1.1%
Technology Hardware Storage & Peripherals 0.4% 3.2% -2.8%
Asset Allocation Global Value Fund MSCI ACWI Overweight / Underweight
Equity 98.8% 100.0% -1.2%
Market Cap Global Value Fund MSCI ACWI Overweight / Underweight
Large 64.2% 88.3% -24.2%
Mid 18.3% 11.5% 6.7%
Small 16.4% 0.1% 16.2%
Analytics
(As of 10/31/2017)

Morningstar 10/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
704
Category
World Large Stock
Performance Statistics
3Y
5Y
Alpha
-1.21
-1.13
Beta
1.29
1.28
Information Ratio
0.09
0.24
R-Squared
86.14
83.08
Sharpe Ratio
0.60
0.89
Standard Deviation
14.69
13.98
Upside Capture
126.70
121.06
Downside Capture
140.35
128.91
Sortino Ratio
0.27
0.42
Tracking Error
6.25
6.40
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/4/2014
Per Share ($)
$0.00
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$99.50 B
$126.30 B
Median Market Cap (weighted)
$25.40 B
$53.30 B
P/E Ratio (LTM)
40.53
19.81
P/E Ratio (NTM)
24.75
16.40
Price/Book
2.67
2.35
Debt to Capital Ratio
38.03
43.78
Turnover Ratio
59.00%
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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. For Share Classes with less than a one-year track record, expense ratios are estimated based on the Manager's projections of those expenses for the coming fiscal year.
  5. 5. Access index definitions.
  6. 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.
  7. 7. 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.
  8. 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.
  9. 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.
  10. 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.
  11. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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