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CGRNX

Value Fund

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Overview

The Strategy typically invests primarily in large company value stocks.

Inception Date
March 1, 2001
Investment Style
Large Cap Value
Fund Index
Russell 1000® Value Index
CUSIP
68380J790
NAV
  • A
(as of 12/17/2018)
$28.72
Total Assets
(as of 11/30/2018)
$1.72 BN
Gross Expense Ratio
(as of 11/30/2018)
1.18%
Net Expense Ratio
(as of 11/30/2018)
1.18%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 11/30/2018
  • G
as of 09/30/2018
  • G

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • G
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Value Fund (NAV)
3.29% 8.42% 11.69% 8.99% 8.29% 6.28%
Russell 1000® Value Index
3.92% 9.45% 13.55% 10.72% 9.79% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Value Fund (with sales charge)
3.29% 8.42% 11.69% 8.99% 8.29% 6.28%
Russell 1000® Value Index
3.92% 9.45% 13.55% 10.72% 9.79% -
Cumulative
Annualized
ytd as of 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Value Fund (NAV)
-2.03% -0.80% 7.23% 6.61% 11.26% 5.91%
Russell 1000® Value Index
1.48% 2.96% 9.82% 8.65% 12.46% -
Cumulative
Annualized
ytd as of 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Value Fund (with sales charge)
-2.03% -0.80% 7.23% 6.61% 11.26% 5.91%
Russell 1000® Value Index
1.48% 2.96% 9.82% 8.65% 12.46% -
Gross Expense Ratio: 1.18% | Net Expense Ratio: 1.18%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 R shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
 


Year Value Fund Russell 1000® Value Index
2002 -13.31% -15.52%
2003 31.82% 30.03%
2004 14.85% 16.49%
2005 6.14% 7.05%
2006 15.33% 22.25%
2007 5.94% -0.17%
2008 -41.93% -36.85%
2009 33.61% 19.69%
2010 14.32% 15.51%
2011 -5.07% 0.39%
2012 13.24% 17.51%
2013 29.91% 32.53%
2014 10.30% 13.45%
2015 -4.02% -3.83%
2016 12.13% 17.34%
2017 15.64% 13.66%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 R shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
 


Date Value Fund Russell 1000® Value Index MSCI World S&P 500
11/30/2008 0.00 0.00 0.00 0.00
12/31/2008 1.36 1.39 3.21 1.06
1/31/2009 -2.33 -10.27 -5.83 -7.45
2/28/2009 -12.29 -22.26 -15.47 -17.31
3/31/2009 -4.77 -15.61 -9.10 -10.06
4/30/2009 4.98 -6.57 1.10 -1.46
5/31/2009 13.34 -0.79 10.26 4.05
6/30/2009 13.76 -1.52 9.76 4.26
7/31/2009 20.73 6.54 19.06 12.15
8/31/2009 27.55 12.11 23.97 16.20
9/30/2009 32.29 16.44 28.91 20.53
10/31/2009 29.30 12.88 26.62 18.29
11/30/2009 34.17 19.24 31.79 25.39
12/31/2009 35.47 21.35 34.16 27.81
1/31/2010 30.31 17.94 28.61 23.21
2/28/2010 33.84 21.66 30.43 27.03
3/31/2010 42.18 29.58 38.50 34.69
4/30/2010 44.37 32.93 38.52 36.82
5/31/2010 32.85 22.01 25.25 25.90
6/30/2010 24.23 15.14 20.96 19.31
7/31/2010 34.05 22.93 30.77 27.66
8/31/2010 27.41 17.67 25.88 21.90
9/30/2010 38.22 26.80 37.62 32.78
10/31/2010 44.72 30.61 42.75 37.83
11/30/2010 44.16 29.92 39.67 37.85
12/31/2010 55.38 40.17 49.94 47.06
1/31/2011 59.23 43.34 53.33 50.55
2/28/2011 63.21 48.63 58.70 55.71
3/31/2011 64.64 49.22 57.13 55.77
4/30/2011 70.12 53.19 63.81 60.38
5/31/2011 69.19 51.57 60.41 58.57
6/30/2011 64.42 48.46 57.87 55.92
7/31/2011 57.52 43.54 55.01 52.75
8/31/2011 46.70 34.58 44.09 44.45
9/30/2011 34.60 24.41 31.64 34.30
10/31/2011 49.26 38.65 45.26 48.98
11/30/2011 47.34 37.94 41.71 48.65
12/31/2011 47.98 40.72 41.63 50.17
1/31/2012 54.10 46.04 48.74 56.90
2/29/2012 59.72 51.86 56.01 63.68
3/31/2012 63.18 56.36 58.01 69.07
4/30/2012 60.52 54.77 56.22 68.01
5/31/2012 49.93 45.69 42.73 57.91
6/30/2012 54.68 52.93 50.01 64.42
7/31/2012 56.77 54.51 51.93 66.70
8/31/2012 60.95 57.86 55.79 70.46
9/30/2012 65.20 62.87 60.07 74.86
10/31/2012 65.13 62.07 58.98 71.63
11/30/2012 64.77 62.01 61.02 72.63
12/31/2012 67.97 65.35 64.05 74.20
1/31/2013 77.02 76.10 72.40 83.22
2/28/2013 77.46 78.63 72.69 85.71
3/31/2013 85.35 85.70 76.73 92.68
4/30/2013 88.41 88.51 82.30 96.39
5/31/2013 93.23 93.35 82.37 100.98
6/30/2013 90.46 91.65 77.87 98.28
7/31/2013 100.90 101.99 87.24 108.37
8/31/2013 93.89 94.33 83.25 102.34
9/30/2013 101.63 99.20 92.42 108.68
10/31/2013 109.52 107.92 99.95 118.27
11/30/2013 113.61 113.72 103.50 124.93
12/31/2013 118.80 119.14 107.81 130.62
1/31/2014 110.45 111.35 100.11 122.65
2/28/2014 120.42 120.49 110.13 132.83
3/31/2014 123.41 125.76 110.44 134.79
4/30/2014 124.52 127.90 112.59 136.52
5/31/2014 129.27 131.24 116.77 142.08
6/30/2014 135.02 137.28 120.65 147.08
7/31/2014 130.78 133.24 117.13 143.67
8/31/2014 139.05 141.81 121.92 153.42
9/30/2014 132.84 136.82 115.89 149.86
10/31/2014 135.30 142.14 117.29 155.97
11/30/2014 140.46 147.10 121.64 162.85
12/31/2014 141.96 148.62 118.07 162.19
1/31/2015 130.43 138.68 114.12 154.32
2/28/2015 143.46 150.23 126.66 168.93
3/31/2015 141.50 146.82 123.11 164.68
4/30/2015 144.43 149.13 128.35 167.22
5/31/2015 148.86 152.12 129.13 170.66
6/30/2015 143.65 147.09 123.81 165.42
7/31/2015 147.34 148.17 127.82 170.98
8/31/2015 132.20 133.39 112.75 154.63
9/30/2015 123.67 126.35 104.90 148.33
10/31/2015 139.01 143.42 121.14 169.28
11/30/2015 139.84 144.36 120.04 170.08
12/31/2015 132.76 139.10 116.17 165.82
1/31/2016 116.39 126.75 103.24 152.63
2/29/2016 114.58 126.69 101.72 152.29
3/31/2016 131.09 143.02 115.41 169.40
4/30/2016 133.98 148.12 118.82 170.44
5/31/2016 137.56 151.98 120.05 175.30
6/30/2016 135.22 154.16 117.59 176.01
7/31/2016 142.31 161.54 126.78 186.19
8/31/2016 144.98 163.55 126.97 186.59
9/30/2016 147.01 163.00 128.17 186.65
10/31/2016 142.19 158.93 123.76 181.42
11/30/2016 157.64 173.72 126.97 191.84
12/31/2016 161.63 180.56 132.40 197.61
1/31/2017 166.79 182.56 138.01 203.25
2/28/2017 175.49 192.71 144.62 215.29
3/31/2017 172.41 189.73 147.22 215.66
4/30/2017 173.34 189.19 150.88 218.90
5/31/2017 174.49 188.91 156.19 223.39
6/30/2017 178.79 193.63 157.18 225.41
7/31/2017 183.42 197.53 163.33 232.10
8/31/2017 181.11 194.07 163.70 233.12
9/30/2017 188.83 202.77 169.62 239.99
10/31/2017 191.62 204.97 174.72 247.92
11/30/2017 199.45 214.31 180.67 258.59
12/31/2017 203.35 218.90 184.46 262.58
1/31/2018 217.33 231.23 199.48 283.34
2/28/2018 204.32 215.41 187.08 269.21
3/31/2018 199.17 209.86 180.82 259.83
4/30/2018 200.88 210.89 184.05 261.21
5/31/2018 201.70 212.73 185.83 269.91
6/30/2018 199.35 213.51 185.69 272.19
7/31/2018 211.46 225.92 194.61 286.04
8/31/2018 212.85 230.73 198.26 298.61
9/30/2018 213.91 231.39 199.92 300.88
10/31/2018 192.64 214.23 177.90 273.48
11/30/2018 197.81 223.61 181.05 281.09

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 R 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 12/18/2018

Date 2014 2015 2016 2017 2018
Short Term 0.2417
Long Term 1.6597 3.5983
Total Amount of Distribution 1.6597 3.8400
Record Date 12/8/17 12/7/18
Ex Div Date 12/11/17 12/10/18
Pay Date 12/11/17 12/10/18

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

Portfolio

Top Issuers

(48.6% of assets as of 11/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Value Fund Russell 1000® Value Index Overweight / Underweight
United States 93.1% 99.7% -6.6%
Canada 3.9% - -
Netherlands 1.4% 0.2% 1.2%
Developed Markets Value Fund Russell 1000® Value Index Overweight / Underweight
Americas 97.1% 99.7% -2.6%
Europe 1.4% 0.2% 1.2%
Equity Sector Value Fund Russell 1000® Value Index Overweight / Underweight
Health Care 19.7% 15.6% 4.1%
Financials 19.5% 22.9% -3.5%
Energy 11.6% 9.6% 2.0%
Information Technology 8.8% 9.4% -0.6%
Industrials 8.3% 7.5% 0.8%
Consumer Staples 8.2% 7.8% 0.4%
Consumer Discretionary 6.2% 5.2% 1.0%
Real Estate 5.2% 4.9% 0.4%
Communication Services 4.6% 7.1% -2.5%
Utilities 3.3% 6.0% -2.8%
Materials 3.1% 4.0% -0.9%
Industry Value Fund Russell 1000® Value Index Overweight / Underweight
Banks 13.7% 11.5% 2.2%
Oil Gas & Consumable Fuels 11.1% 8.8% 2.3%
Pharmaceuticals 7.2% 7.2% 0.0%
Health Care Equipment & Supplies 5.3% 3.9% 1.5%
Equity Real Estate Investment Trusts (REITs) 5.2% 4.7% 0.5%
Health Care Providers & Services 5.1% 2.8% 2.3%
Capital Markets 3.5% 3.2% 0.3%
Beverages 3.5% 0.6% 2.9%
Electric Utilities 3.3% 3.5% -0.3%
Machinery 3.1% 1.3% 1.7%
Communications Equipment 2.8% 2.0% 0.8%
Software 2.6% 1.7% 0.9%
Diversified Telecommunication Services 2.4% 3.7% -1.3%
Insurance 2.3% 4.1% -1.8%
Food & Staples Retailing 1.8% 1.9% 0.0%
Automobiles 1.7% 0.7% 1.0%
Tobacco 1.6% 1.0% 0.6%
Road & Rail 1.5% 0.9% 0.6%
Multiline Retail 1.5% 0.6% 0.9%
Entertainment 1.4% 1.2% 0.2%
Asset Allocation Value Fund Russell 1000® Value Index Overweight / Underweight
Equity 98.4% 100.0% -1.6%
Market Cap Value Fund Russell 1000® Value Index Overweight / Underweight
Large 84.2% 79.4% 4.8%
Mid 13.9% 19.6% -5.7%
Small 0.3% 1.0% -0.7%
Analytics
(As of 11/30/2018)

Morningstar 11/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1090
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-2.97
-2.26
Beta
1.08
1.05
Information Ratio
-0.97
-0.85
R-Squared
93.88
95.09
Sharpe Ratio
0.63
0.60
Standard Deviation
10.35
10.64
Upside Capture
91.64
95.14
Downside Capture
111.94
110.72
Sortino Ratio
0.96
0.91
Win Ratio
47.00
42.00
Loss Ratio
53.00
58.00
Tracking Error
2.67
2.42
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$133.45 B
$129.14 B
Median Market Cap (weighted)
$76.77 B
$67.79 B
P/E Ratio (LTM)
16.04
16.47
P/E Ratio (NTM)
13.57
13.83
Price/Book
2.30
2.11
Return on Equity
13.01%
12.21%
EPS Growth Rate 3Y
4.48%
4.28%
EPS Growth Rate 5Y
3.14%
4.66%
Sales Growth Rate 3Y
1.20%
-
Sales Growth Rate 5Y
0.79%
-
Turnover Ratio
53%
-
Active Share
70.08%
-
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
12/10/2018
Per Share ($)
$0.1078
12-Month Distribution ($)
$0.4349
Distribution Sources
  • D
Net Income
3.50%
Net Profit from Sale
96.10%
Other Capital Sources
0.40%
Documents
  1. 1. 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. 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. Value investing involves the risk that undervalued securities may not appreciate as anticipated. 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. The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 companies with lower price-to-book ratios and lower expected growth values. The index is unmanaged, includes the reinvestment of dividends and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  4. 4. Holdings are subject to change, and are dollar weighted based on total new 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. 6. 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.
  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 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.
  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.
  11. 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.
  12. F. 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.
  13. G. The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 R shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
     
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