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Private Client Group
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Global Equity

Global Fund/VA

The Strategy typically invests in large-cap U.S. and foreign stocks.

Investment Style
Global Equity
Fund Inception
November 12, 1990
Total Assets (all classes) (as of 7/31/2017)
$2.63 billion
Fund Index
MSCI AC World
NAV (as of 8/18/17)
  • A
$42.09

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 7/31/2017
  • 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 8/18/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Fund/VA (NAV)
21.30% 30.74% 6.87% 13.45% 5.55% 10.01%
Cumulative
Annualized
ytd as of 8/18/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Fund/VA (with sales charge)
21.30% 30.74% 6.87% 13.45% 5.55% 10.01%
Cumulative
Annualized
ytd as of 8/18/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Fund/VA (NAV)
21.30% 26.46% 8.81% 13.90% 6.09% 10.09%
Cumulative
Annualized
ytd as of 8/18/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Fund/VA (with sales charge)
21.30% 26.46% 8.81% 13.90% 6.09% 10.09%
Gross Expense Ratio: 0.77% | Net Expense Ratio: 0.77%

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. The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names. The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund. Such performance would have been lower if such charges were taken into account.


Year Global Fund/VA MSCI AC World
1990 0.00% -
1991 3.39% -
1992 -7.11% -
1993 70.32% -
1994 -5.72% -
1995 2.24% -
1996 17.80% -
1997 22.42% -
1998 14.11% -
1999 58.48% -
2000 5.09% -
2001 -12.04% -16.21%
2002 -22.13% -19.32%
2003 43.02% 33.99%
2004 19.16% 15.23%
2005 14.31% 10.84%
2006 17.69% 20.95%
2007 6.32% 11.66%
2008 -40.19% -42.19%
2009 39.77% 34.63%
2010 15.96% 12.67%
2011 -8.29% -7.35%
2012 21.27% 16.13%
2013 27.31% 22.80%
2014 2.29% 4.16%
2015 3.94% -2.36%
2016 0.08% 7.86%

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. The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names. The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund. Such performance would have been lower if such charges were taken into account.


Date Global Fund/VA MSCI ACWI S&P 500
7/31/2007 0.00 0.00 0.00
8/31/2007 -0.14 -0.28 1.50
9/30/2007 5.16 5.08 5.29
10/31/2007 6.86 9.18 6.97
11/30/2007 1.40 4.35 2.50
12/31/2007 0.41 3.19 1.79
1/31/2008 -7.85 -5.26 -4.32
2/29/2008 -9.36 -4.99 -7.43
3/31/2008 -9.69 -6.38 -7.83
4/30/2008 -4.76 -1.16 -3.34
5/31/2008 -3.48 0.38 -2.09
6/30/2008 -13.02 -7.86 -10.34
7/31/2008 -13.91 -10.25 -11.09
8/31/2008 -13.73 -12.19 -9.81
9/30/2008 -23.48 -23.16 -17.84
10/31/2008 -38.90 -38.39 -31.64
11/30/2008 -43.60 -42.44 -36.55
12/31/2008 -39.94 -40.35 -35.87
1/31/2009 -44.96 -45.45 -41.28
2/28/2009 -49.51 -50.79 -47.53
3/31/2009 -45.14 -46.73 -42.93
4/30/2009 -39.02 -40.45 -37.47
5/31/2009 -32.31 -34.51 -33.97
6/30/2009 -32.62 -34.88 -33.84
7/31/2009 -25.91 -29.15 -28.84
8/31/2009 -23.82 -26.61 -26.27
9/30/2009 -19.95 -23.25 -23.52
10/31/2009 -21.35 -24.43 -24.94
11/30/2009 -17.67 -21.32 -20.44
12/31/2009 -16.06 -19.69 -18.90
1/31/2010 -18.53 -23.16 -21.82
2/28/2010 -17.23 -22.19 -19.40
3/31/2010 -11.11 -17.18 -14.53
4/30/2010 -11.49 -17.04 -13.18
5/31/2010 -20.10 -24.91 -20.12
6/30/2010 -22.51 -27.22 -24.30
7/31/2010 -15.35 -21.30 -18.99
8/31/2010 -19.14 -24.05 -22.65
9/30/2010 -10.66 -16.78 -15.75
10/31/2010 -7.03 -13.77 -12.54
11/30/2010 -8.92 -15.69 -12.53
12/31/2010 -2.66 -9.52 -6.68
1/31/2011 -0.15 -8.10 -4.47
2/28/2011 3.51 -5.42 -1.20
3/31/2011 2.93 -5.52 -1.16
4/30/2011 8.75 -1.65 1.77
5/31/2011 6.44 -3.77 0.61
6/30/2011 4.68 -5.28 -1.06
7/31/2011 0.85 -6.82 -3.07
8/31/2011 -7.25 -13.63 -8.34
9/30/2011 -16.25 -21.79 -14.78
10/31/2011 -6.43 -13.41 -5.47
11/30/2011 -9.10 -16.00 -5.68
12/31/2011 -10.73 -16.17 -4.71
1/31/2012 -6.21 -11.29 -0.44
2/29/2012 -1.23 -6.83 3.86
3/31/2012 1.69 -6.21 7.28
4/30/2012 -1.10 -7.28 6.61
5/31/2012 -10.53 -15.60 0.20
6/30/2012 -6.38 -11.43 4.33
7/31/2012 -5.74 -10.22 5.78
8/31/2012 -2.19 -8.26 8.16
9/30/2012 0.84 -5.37 10.95
10/31/2012 1.84 -6.00 8.90
11/30/2012 4.93 -4.80 9.54
12/31/2012 8.26 -2.65 10.53
1/31/2013 15.11 1.84 16.26
2/28/2013 14.21 1.82 17.84
3/31/2013 16.04 3.68 22.26
4/30/2013 19.97 6.65 24.61
5/31/2013 19.63 6.35 27.53
6/30/2013 16.87 3.25 25.82
7/31/2013 23.32 8.19 32.22
8/31/2013 19.54 5.93 28.39
9/30/2013 28.00 11.41 32.41
10/31/2013 31.58 15.88 38.50
11/30/2013 34.72 17.53 42.72
12/31/2013 37.82 19.55 46.34
1/31/2014 32.76 14.77 41.28
2/28/2014 40.25 20.32 47.74
3/31/2014 38.73 20.85 48.98
4/30/2014 38.09 22.00 50.08
5/31/2014 42.07 24.59 53.60
6/30/2014 44.12 26.94 56.78
7/31/2014 40.23 25.40 54.62
8/31/2014 43.73 28.17 60.80
9/30/2014 41.26 24.01 58.55
10/31/2014 41.55 24.89 62.42
11/30/2014 44.94 26.98 66.79
12/31/2014 40.98 24.53 66.37
1/31/2015 40.37 22.58 61.37
2/28/2015 50.79 29.40 70.65
3/31/2015 51.40 27.40 67.95
4/30/2015 52.61 31.10 69.56
5/31/2015 56.18 30.92 71.74
6/30/2015 55.48 27.84 68.41
7/31/2015 58.45 28.95 71.94
8/31/2015 46.34 20.11 61.57
9/30/2015 38.90 15.76 57.57
10/31/2015 50.09 24.85 70.86
11/30/2015 48.85 23.82 71.37
12/31/2015 46.54 21.58 68.67
1/31/2016 32.62 14.25 60.30
2/29/2016 29.03 13.46 60.08
3/31/2016 36.97 21.87 70.94
4/30/2016 39.36 23.67 71.60
5/31/2016 39.75 23.83 74.69
6/30/2016 34.56 23.08 75.14
7/31/2016 42.85 28.38 81.60
8/31/2016 45.03 28.81 81.85
9/30/2016 46.37 29.60 81.89
10/31/2016 44.36 27.40 78.57
11/30/2016 45.91 28.37 85.18
12/31/2016 46.66 31.14 88.84
1/31/2017 52.44 34.73 92.42
2/28/2017 58.30 38.51 100.06
3/31/2017 61.86 40.20 100.30
4/30/2017 68.56 42.39 102.35
5/31/2017 73.21 45.53 105.20
6/30/2017 75.92 46.20 106.48
7/31/2017 80.65 50.28 110.73

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. The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names. The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund. Such performance would have been lower if such charges were taken into account.

$ per share as of 8/19/2017

Date 2012 2013 2014 2015 2016
Short Term 0.0611
Long Term 1.8632 2.7140 2.3742
Total Amount of Distribution 1.8632 2.7140 2.4352
Record Date 6/16/14 6/15/15 6/20/16
Ex Div Date 6/17/14 6/16/15 6/21/16
Pay Date 6/18/14 6/16/15 6/21/16

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

Analytics

(As of 7/31/2017)

Morningstar 7/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
69
Category
World Large Stock
Performance Statistics
3Y
5Y
Alpha
2.04
1.77
Information Ratio
0.51
0.66
Upside Capture
119.20
117.64
Downside Capture
107.51
107.08
Sharpe Ratio
0.70
1.14
R-Squared
85.03
86.17
Standard Deviation
12.90
11.97
Sortino Ratio
0.31
0.56
Win Ratio
69.00
65.00
Loss Ratio
31.00
35.00
Margin of Outperformance
1.01
1.03
Margin of Underperformance
-1.57
-1.21
Beta
1.10
1.11
Tracking Error
5.10
4.59
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/20/2017
Per Share ($)
$0.39
Net Income
99.00%
Net Profit from Sale
1.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.39
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$104.69 B
$114.91 B
Median Market Cap (weighted)
$60.15 B
$49.83 B
Trailing P/E
23.62
19.89
Forward P/E
18.52
16.21
Price/Book
2.49
2.29
Return on Equity
14.07%
14.44%
EPS Growth Rate 3Y
12.67%
5.17%
EPS Growth Rate 5Y
9.05%
6.37%
Sales Growth Rate 3Y
7.29%
3.86%
Sales Growth Rate 5Y
6.76%
4.47%
Debt to Capital Ratio
38.39
44.05
Yield to Maturity
0.01%
0.00%
Yield to Worst
0.01%
0.00%
Average Coupon
0.00%
-
Effective Coupon
0.00%
-
Turnover Ratio
14.00%
-

Top Issuers

(49.3% of assets as of 07/31/17)


Portfolio Holdings Breakdown

Country 4
Developed Markets 4
Emerging Markets 4
Equity Sector 4
Industry 4
Asset Allocation 4
Market Cap 5
Country Global Fund/VA MSCI AC World Overweight / Underweight
United States 44.4% 52.1% -7.7%
Japan 14.7% 7.7% 7.0%
France 10.1% 3.5% 6.7%
Germany 9.4% 3.1% 6.3%
United Kingdom 5.8% 5.9% -0.1%
India 3.4% 1.0% 2.4%
Spain 2.9% 1.2% 1.7%
Switzerland 2.9% 2.8% 0.2%
China 2.6% 3.3% -0.7%
Sweden 1.4% 0.9% 0.4%
Italy 0.7% 0.8% -0.1%
Denmark 0.4% 0.6% -0.2%
Developed Markets Global Fund/VA MSCI AC World Overweight / Underweight
Americas 44.4% 55.3% -10.9%
Europe 33.6% 21.2% 12.5%
Asia Pacific 14.7% 11.7% 3.0%
Emerging Markets Global Fund/VA MSCI AC World Overweight / Underweight
Asia Pacific 6.1% 8.4% -2.3%
Equity Sector Global Fund/VA MSCI AC World Overweight / Underweight
Information Technology 26.9% 17.2% 9.7%
Financials 18.6% 18.9% -0.2%
Consumer Discretionary 16.5% 12.1% 4.4%
Health Care 14.8% 11.1% 3.7%
Industrials 12.4% 10.7% 1.7%
Consumer Staples 4.4% 9.1% -4.7%
Real Estate 2.0% 3.2% -1.1%
Telecommunication Services 1.3% 3.3% -2.0%
Materials 0.9% 5.3% -4.3%
Energy 0.9% 6.2% -5.2%
Industry Global Fund/VA MSCI AC World Overweight / Underweight
Internet Software & Services 9.3% 3.8% 5.5%
Software 7.2% 3.2% 4.0%
Electronic Equipment Instruments & Components 6.9% 1.1% 5.8%
Biotechnology 6.7% 1.9% 4.8%
Capital Markets 6.4% 2.6% 3.7%
Insurance 6.2% 4.2% 2.0%
Banks 6.1% 10.5% -4.4%
Textiles Apparel & Luxury Goods 5.4% 1.0% 4.4%
Health Care Providers & Services 5.1% 1.7% 3.4%
Specialty Retail 3.6% 1.4% 2.1%
Aerospace & Defense 3.0% 1.7% 1.3%
Industrial Conglomerates 2.8% 1.9% 0.9%
Automobiles 2.7% 1.8% 1.0%
Household Products 2.3% 1.2% 1.1%
Semiconductors & Semiconductor Equipment 2.2% 2.8% -0.6%
Electrical Equipment 2.2% 0.8% 1.4%
Media 2.1% 2.4% -0.3%
Personal Products 2.1% 0.8% 1.3%
Real Estate Management & Development 2.0% 1.0% 1.0%
Internet & Direct Marketing Retail 2.0% 1.6% 0.3%
Asset Allocation Global Fund/VA MSCI AC World Overweight / Underweight
Equity 98.8% 100.0% -1.2%
Market Cap Global Fund/VA MSCI AC World Overweight / Underweight
Large 87.2% 87.7% -0.5%
Mid 7.5% 12.2% -4.7%
Small 3.8% 0.1% 3.7%
  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. Investments in securities of growth companies may be 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. 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. The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names. The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund. Such performance would have been lower if such charges were taken into account. ↩
  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. ↩
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