U.S. Flag United States
Private Client Group
Ă—

Domestic Equity

Equity Income Fund

The Strategy typically invests primarily in dividend-paying large company U.S. stocks.

Investment Style
Equity Income
Fund Inception
February 13, 1987
Total Assets (all classes) (as of 8/31/2017)
$3.79 billion
Fund Index
Russell 1000 Value
NAV (as of 9/25/17)
  • A
$31.12

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 8/31/2017
  • B
as of 6/30/2017
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 9/25/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
6.60% 19.52% 3.15% 11.51% 6.46% 10.89%
Cumulative
Annualized
ytd as of 9/25/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
6.60% 12.64% 1.13% 10.20% 5.83% 10.67%
Cumulative
Annualized
ytd as of 9/25/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
6.60% 12.02% 2.38% 10.40% 6.70% 10.83%
Cumulative
Annualized
ytd as of 9/25/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
6.60% 5.58% 0.38% 9.10% 6.07% 10.62%
Gross Expense Ratio: 1.05% | Net Expense Ratio: 1.05%

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 Equity Income Fund Russell 1000 Value
1987 0.00% -
1988 34.72% 23.16%
1989 51.05% 25.19%
1990 -6.77% -8.08%
1991 38.77% 24.55%
1992 24.88% 13.58%
1993 7.31% 18.07%
1994 -2.86% -1.98%
1995 33.85% 38.36%
1996 18.25% 21.64%
1997 14.84% 35.18%
1998 20.15% 15.63%
1999 5.83% 7.35%
2000 14.97% 7.01%
2001 -1.20% -5.59%
2002 -14.71% -15.52%
2003 28.63% 30.03%
2004 16.68% 16.49%
2005 9.25% 7.05%
2006 13.56% 22.25%
2007 2.55% -0.17%
2008 -35.56% -36.85%
2009 42.22% 19.69%
2010 20.86% 15.51%
2011 -6.43% 0.39%
2012 19.15% 17.51%
2013 31.63% 32.53%
2014 10.05% 13.45%
2015 -9.83% -3.83%
2016 14.67% 17.34%

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 Equity Income Fund Russell 1000® Value Index MSCI World S&P 500
8/31/2007 0.00 0.00 0.00 0.00
9/30/2007 3.30 3.43 4.76 3.74
10/31/2007 3.61 3.45 7.97 5.39
11/30/2007 -0.38 -1.61 3.56 0.98
12/31/2007 -0.91 -2.56 2.22 0.28
1/31/2008 -5.55 -6.46 -5.59 -5.73
2/29/2008 -9.09 -10.38 -6.14 -8.79
3/31/2008 -11.27 -11.06 -7.04 -9.19
4/30/2008 -7.01 -6.72 -2.15 -4.77
5/31/2008 -4.84 -6.87 -0.66 -3.53
6/30/2008 -12.28 -15.78 -8.58 -11.66
7/31/2008 -14.42 -16.09 -10.82 -12.41
8/31/2008 -13.27 -14.66 -12.07 -11.14
9/30/2008 -22.26 -20.93 -22.53 -19.06
10/31/2008 -35.01 -34.62 -37.22 -32.65
11/30/2008 -39.12 -39.31 -41.28 -37.48
12/31/2008 -36.14 -38.47 -39.40 -36.82
1/31/2009 -40.66 -45.54 -44.71 -42.14
2/28/2009 -45.98 -52.82 -50.37 -48.30
3/31/2009 -40.45 -48.78 -46.62 -43.78
4/30/2009 -34.25 -43.29 -40.64 -38.40
5/31/2009 -25.74 -39.79 -35.26 -34.95
6/30/2009 -25.40 -40.23 -35.55 -34.82
7/31/2009 -22.67 -35.34 -30.09 -29.89
8/31/2009 -18.60 -31.96 -27.21 -27.36
9/30/2009 -14.49 -29.33 -24.30 -24.65
10/31/2009 -16.28 -31.49 -25.65 -26.05
11/30/2009 -11.92 -27.63 -22.61 -21.61
12/31/2009 -9.19 -26.35 -21.22 -20.10
1/31/2010 -10.99 -28.42 -24.48 -22.97
2/28/2010 -7.83 -26.16 -23.41 -20.59
3/31/2010 -2.52 -21.35 -18.67 -15.79
4/30/2010 -1.77 -19.32 -18.66 -14.47
5/31/2010 -8.81 -25.95 -26.45 -21.30
6/30/2010 -13.65 -30.12 -28.97 -25.42
7/31/2010 -5.96 -25.39 -23.21 -20.19
8/31/2010 -9.19 -28.58 -26.08 -23.79
9/30/2010 -1.41 -23.04 -19.19 -16.99
10/31/2010 1.52 -20.73 -16.18 -13.83
11/30/2010 1.78 -21.15 -17.99 -13.82
12/31/2010 9.76 -14.93 -11.96 -8.06
1/31/2011 11.86 -13.00 -9.97 -5.88
2/28/2011 15.31 -9.80 -6.81 -2.66
3/31/2011 15.44 -9.44 -7.73 -2.62
4/30/2011 19.21 -7.03 -3.81 0.26
5/31/2011 18.58 -8.01 -5.81 -0.87
6/30/2011 15.43 -9.89 -7.30 -2.52
7/31/2011 11.73 -12.88 -8.98 -4.51
8/31/2011 2.42 -18.32 -15.39 -9.69
9/30/2011 -7.20 -24.49 -22.70 -16.04
10/31/2011 4.19 -15.85 -14.71 -6.87
11/30/2011 1.01 -16.28 -16.79 -7.07
12/31/2011 2.70 -14.60 -16.83 -6.12
1/31/2012 8.92 -11.37 -12.66 -1.91
2/29/2012 14.44 -7.83 -8.39 2.33
3/31/2012 17.06 -5.10 -7.22 5.69
4/30/2012 15.30 -6.07 -8.27 5.03
5/31/2012 7.15 -11.58 -16.19 -1.28
6/30/2012 10.77 -7.19 -11.92 2.79
7/31/2012 12.91 -6.23 -10.79 4.21
8/31/2012 16.64 -4.19 -8.52 6.56
9/30/2012 20.24 -1.15 -6.01 9.31
10/31/2012 20.80 -1.63 -6.65 7.30
11/30/2012 19.39 -1.67 -5.45 7.92
12/31/2012 22.36 0.36 -3.67 8.90
1/31/2013 29.08 6.88 1.23 14.54
2/28/2013 29.80 8.41 1.40 16.10
3/31/2013 35.85 12.71 3.78 20.45
4/30/2013 39.99 14.41 7.04 22.77
5/31/2013 44.57 17.35 7.09 25.64
6/30/2013 41.37 16.31 4.45 23.96
7/31/2013 48.74 22.59 9.95 30.26
8/31/2013 44.67 17.94 7.61 26.49
9/30/2013 47.29 20.90 12.99 30.46
10/31/2013 52.90 26.19 17.41 36.46
11/30/2013 58.46 29.71 19.50 40.61
12/31/2013 61.06 33.00 22.02 44.17
1/31/2014 54.06 28.28 17.50 39.19
2/28/2014 61.27 33.82 23.39 45.56
3/31/2014 64.07 37.02 23.57 46.78
4/30/2014 65.46 38.32 24.83 47.86
5/31/2014 68.45 40.34 27.29 51.34
6/30/2014 74.03 44.01 29.57 54.46
7/31/2014 71.34 41.56 27.50 52.33
8/31/2014 78.27 46.76 30.31 58.43
9/30/2014 71.68 43.73 26.77 56.20
10/31/2014 74.59 46.96 27.59 60.02
11/30/2014 78.12 49.97 30.15 64.32
12/31/2014 77.25 50.89 28.05 63.91
1/31/2015 69.13 44.86 25.73 58.99
2/28/2015 80.06 51.87 33.09 68.13
3/31/2015 79.10 49.80 31.01 65.47
4/30/2015 81.93 51.20 34.08 67.05
5/31/2015 82.81 53.02 34.55 69.20
6/30/2015 77.00 49.96 31.42 65.93
7/31/2015 75.94 50.62 33.78 69.40
8/31/2015 67.29 41.65 24.92 59.18
9/30/2015 57.95 37.37 20.32 55.24
10/31/2015 68.57 47.74 29.85 68.34
11/30/2015 67.84 48.30 29.20 68.84
12/31/2015 59.83 45.12 26.93 66.18
1/31/2016 47.65 37.62 19.34 57.93
2/29/2016 47.28 37.58 18.45 57.72
3/31/2016 58.29 47.49 26.49 68.42
4/30/2016 60.47 50.59 28.49 69.07
5/31/2016 62.05 52.93 29.21 72.11
6/30/2016 59.80 54.25 27.76 72.55
7/31/2016 67.60 58.73 33.16 78.91
8/31/2016 70.77 59.96 33.27 79.17
9/30/2016 70.15 59.62 33.98 79.20
10/31/2016 69.35 57.15 31.39 75.93
11/30/2016 78.06 66.13 33.28 82.45
12/31/2016 83.28 70.28 36.47 86.05
1/31/2017 84.89 71.49 39.76 89.58
2/28/2017 90.94 77.65 43.64 97.11
3/31/2017 88.68 75.84 45.17 97.34
4/30/2017 88.61 75.51 47.32 99.36
5/31/2017 86.88 75.34 50.43 102.17
6/30/2017 90.98 78.21 51.01 103.43
7/31/2017 94.85 80.58 54.63 107.62
8/31/2017 91.29 78.47 54.84 108.25
Date Dividends
12/20/2007 0.2009
3/28/2008 0.1358
6/27/2008 0.1431
9/26/2008 0.1363
12/18/2008 0.239
3/20/2009 0.1757
6/19/2009 0.2174
9/25/2009 0.1066
12/17/2009 0.1678
3/19/2010 0.0696
6/25/2010 0.0843
9/24/2010 0.0864
12/17/2010 0.203
3/25/2011 0.098
6/24/2011 0.1355
9/23/2011 0.0996
12/8/2011 0.3227
3/23/2012 0.1162
6/22/2012 0.1576
9/21/2012 0.1341
12/6/2012 0.334
3/22/2013 0.1311
6/21/2013 0.1743
9/20/2013 0.1855
12/11/2013 0.3976
3/21/2014 0.2161
6/20/2014 0.1241
9/19/2014 0.1816
12/9/2014 0.2461
3/19/2015 0.1561
6/18/2015 0.1773
9/24/2015 0.2275
12/8/2015 0.5066
3/24/2016 0.1321
6/23/2016 0.1406
9/22/2016 0.1787
12/12/2016 0.212
3/23/2017 0.1312
6/22/2017 0.1804
9/21/2017 0.1728

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

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 9/25/2017

Date 2012 2013 2014 2015 2016
Short Term 0.0709 0.5080 0.7101 0.4129
Long Term 0.2040 0.5971 1.0410 1.0579
Total Amount of Distribution 0.2750 1.1051 1.7510 1.4708
Record Date 12/4/12 12/9/13 12/8/14 12/7/15
Ex Div Date 12/5/12 12/10/13 12/9/14 12/8/15
Pay Date 12/6/12 12/11/13 12/9/14 12/8/15

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

Analytics

(As of 8/31/2017)

Morningstar 8/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
1099
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-4.74
-3.44
Information Ratio
-1.12
-0.81
Upside Capture
95.72
98.79
Downside Capture
133.61
127.60
Sharpe Ratio
0.23
0.92
R-Squared
90.50
90.77
Standard Deviation
12.09
11.25
Sortino Ratio
0.10
0.44
Win Ratio
36.00
42.00
Loss Ratio
64.00
58.00
Beta
1.11
1.08
Tracking Error
3.89
3.51
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
9/21/2017
Per Share ($)
$0.17
Net Income
92.40%
Net Profit from Sale
0.00%
Other Capital Sources
7.60%
12-Month Distribution ($)
$0.70
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$135.80 B
$114.60 B
Median Market Cap (weighted)
$88.50 B
$61.40 B
Trailing P/E
17.39
18.91
Forward P/E
13.18
15.81
Price/Book
1.69
1.99
Debt to Capital Ratio
51.50
45.22
Turnover Ratio
41.00%
-
Yields
Standardized Yield
2.47%

Top Holdings

(43.5% of assets as of 08/31/17)


Portfolio Holdings Breakdown

Country 7
Developed Markets 7
Equity Sector 7
Industry 7
Asset Allocation 7
Market Cap 8
Country Equity Income Fund Russell 1000 Value Overweight / Underweight
United States 92.9% 99.7% -6.9%
United Kingdom 3.9% 0.1% 3.8%
Switzerland 0.5% - -
Developed Markets Equity Income Fund Russell 1000 Value Overweight / Underweight
Americas 92.9% 99.8% -6.9%
Europe 4.4% 0.2% 4.2%
Equity Sector Equity Income Fund Russell 1000 Value Overweight / Underweight
Financials 26.0% 25.5% 0.5%
Health Care 13.4% 14.2% -0.8%
Energy 12.0% 10.2% 1.9%
Information Technology 11.8% 8.2% 3.6%
Consumer Staples 7.8% 9.0% -1.2%
Consumer Discretionary 6.1% 6.9% -0.8%
Real Estate 5.7% 5.0% 0.7%
Industrials 5.4% 8.5% -3.2%
Telecommunication Services 3.9% 3.2% 0.7%
Utilities 2.8% 6.5% -3.7%
Materials 2.3% 2.8% -0.5%
Industry Equity Income Fund Russell 1000 Value Overweight / Underweight
Banks 12.4% 11.9% 0.4%
Oil Gas & Consumable Fuels 11.7% 8.9% 2.8%
Pharmaceuticals 7.3% 7.0% 0.3%
Capital Markets 5.4% 3.9% 1.5%
Equity Real Estate Investment Trusts (REITs) 4.8% 4.8% 0.0%
Diversified Telecommunication Services 3.9% 3.0% 0.9%
Health Care Equipment & Supplies 3.5% 2.8% 0.7%
Technology Hardware Storage & Peripherals 3.3% 0.8% 2.5%
Food Products 3.2% 2.1% 1.1%
Food & Staples Retailing 3.0% 2.3% 0.7%
Insurance 2.9% 4.7% -1.9%
Biotechnology 2.6% 1.2% 1.4%
Semiconductors & Semiconductor Equipment 2.6% 2.5% 0.1%
Software 2.5% 1.5% 1.1%
Electric Utilities 2.4% 3.9% -1.5%
Thrifts & Mortgage Finance 2.3% 0.1% 2.3%
Mortgage Real Estate Investment Trusts (REITs) 2.2% 0.4% 1.9%
Communications Equipment 1.8% 1.8% 0.0%
Media 1.7% 2.5% -0.7%
Household Durables 1.7% 0.7% 1.0%
Asset Allocation Equity Income Fund Russell 1000 Value Overweight / Underweight
Equity 97.0% 100.0% -3.0%
Fixed Income 0.3% - -
Market Cap Equity Income Fund Russell 1000 Value Overweight / Underweight
Large 71.5% 73.8% -2.3%
Mid 13.0% 22.7% -9.8%
Small 11.8% 3.5% 8.3%
  1. 1. On 8/1/07, the Fund's investment objective changed from "seeks capital appreciation" to "seeks total return." Performance prior to 8/1/07 is not indicative of performance for any subsequent periods.
  2. 2. Special Risks: Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. 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. There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Diversification does not guarantee profit or protect against loss.
  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. Standardized yield for each share class is based on an SEC standardized formula designed to approximate a Fund's annualized hypothetical current income from securities less expenses for the 30-day period ending and including the most recent month-end or quarter-end and either that date's maximum offering price (Class A shares) or net asset value (for other share classes). The month-end figure is typically calculated on the fifth business day of the next month. The result is compounded semiannually and annualized. Falling share prices artificially increase yields.
  6. 6. Top Holdings represent stock holdings only and do not include cash and cash equivalents or fixed income holdings.
  7. 7. 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.
  8. 8. 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.
  9. 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. ↩
  10. 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. ↩
  11. 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. ↩
  12. D. There is no guarantee of the payment of any dividend or other distributions at any level. ↩
Ă—
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )