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Private Client Group
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Global Equity

Global Fund

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

Investment Style
Global Equity
Fund Inception
January 27, 2012
Total Assets (all classes) (as of 6/30/2017)
$9.9 billion
Fund Index
MSCI AC World
NAV (as of 7/27/17)
  • A
$92.09

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 6/30/2017
  • F
as of 6/30/2017
  • F

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 7/27/17
  • C
1 yr 3 yr 5 yr since inception
Global Fund (NAV)
8.70% 23.22% 31.29% 7.27% 13.77% 12.48%
Cumulative
Annualized
3 mo ytd as of 7/27/17
  • C
1 yr 3 yr 5 yr since inception
Global Fund (NAV)
8.70% 23.22% 31.29% 7.27% 13.77% 12.48%
Gross Expense Ratio: 0.71% | Net Expense Ratio: 0.71%

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 Fund MSCI AC World
2012 0.00% 16.13%
2013 27.37% 22.80%
2014 2.50% 4.16%
2015 4.35% -2.36%
2016 0.59% 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 Fund MSCI AC World Index S&P 500
6/30/2007 0.00 0.00 0.00
7/31/2007 -2.47 -1.53 -3.10
8/31/2007 -2.66 -1.80 -1.65
9/30/2007 2.53 3.47 2.03
10/31/2007 4.21 7.51 3.65
11/30/2007 -1.24 2.76 -0.68
12/31/2007 -2.25 1.62 -1.37
1/31/2008 -10.47 -6.71 -7.29
2/29/2008 -11.99 -6.44 -10.30
3/31/2008 -12.34 -7.81 -10.68
4/30/2008 -7.55 -2.67 -6.33
5/31/2008 -6.35 -1.15 -5.12
6/30/2008 -15.76 -9.27 -13.12
7/31/2008 -16.63 -11.62 -13.85
8/31/2008 -16.49 -13.53 -12.60
9/30/2008 -26.07 -24.34 -20.39
10/31/2008 -41.22 -39.33 -33.76
11/30/2008 -45.93 -43.31 -38.51
12/31/2008 -42.35 -41.26 -37.86
1/31/2009 -47.26 -46.28 -43.10
2/28/2009 -51.65 -51.54 -49.16
3/31/2009 -47.44 -47.55 -44.70
4/30/2009 -41.59 -41.36 -39.41
5/31/2009 -35.13 -35.51 -36.02
6/30/2009 -35.43 -35.87 -35.89
7/31/2009 -29.04 -30.23 -31.05
8/31/2009 -27.07 -27.73 -28.56
9/30/2009 -23.43 -24.42 -25.89
10/31/2009 -24.80 -25.59 -27.27
11/30/2009 -21.26 -22.52 -22.90
12/31/2009 -19.76 -20.92 -21.42
1/31/2010 -22.15 -24.34 -24.24
2/28/2010 -20.92 -23.37 -21.90
3/31/2010 -15.03 -18.44 -17.18
4/30/2010 -15.41 -18.31 -15.88
5/31/2010 -23.74 -26.05 -22.59
6/30/2010 -26.10 -28.33 -26.64
7/31/2010 -19.20 -22.50 -21.51
8/31/2010 -22.89 -25.21 -25.05
9/30/2010 -14.76 -18.05 -18.36
10/31/2010 -11.28 -15.09 -15.25
11/30/2010 -13.19 -16.98 -15.24
12/31/2010 -7.17 -10.90 -9.58
1/31/2011 -4.75 -9.50 -7.43
2/28/2011 -1.29 -6.87 -4.26
3/31/2011 -1.89 -6.96 -4.23
4/30/2011 3.67 -3.15 -1.39
5/31/2011 1.44 -5.24 -2.51
6/30/2011 -0.29 -6.73 -4.13
7/31/2011 -3.99 -8.25 -6.08
8/31/2011 -11.79 -14.95 -11.18
9/30/2011 -20.38 -22.98 -17.43
10/31/2011 -11.05 -14.73 -8.40
11/30/2011 -13.65 -17.28 -8.60
12/31/2011 -15.25 -17.45 -7.67
1/31/2012 -10.96 -12.65 -3.53
2/29/2012 -6.26 -8.25 0.64
3/31/2012 -3.51 -7.64 3.95
4/30/2012 -6.24 -8.70 3.30
5/31/2012 -15.28 -16.89 -2.91
6/30/2012 -11.42 -12.78 1.09
7/31/2012 -10.85 -11.59 2.50
8/31/2012 -7.47 -9.66 4.80
9/30/2012 -4.61 -6.82 7.51
10/31/2012 -3.72 -7.44 5.53
11/30/2012 -0.80 -6.26 6.14
12/31/2012 2.34 -4.13 7.11
1/31/2013 8.83 0.28 12.66
2/28/2013 7.94 0.27 14.18
3/31/2013 9.59 2.10 18.47
4/30/2013 13.29 5.02 20.75
5/31/2013 12.94 4.73 23.57
6/30/2013 10.27 1.67 21.91
7/31/2013 16.34 6.54 28.12
8/31/2013 12.72 4.32 24.41
9/30/2013 20.68 9.71 28.31
10/31/2013 24.01 14.11 34.21
11/30/2013 26.92 15.73 38.30
12/31/2013 29.74 17.73 41.80
1/31/2014 24.95 13.02 36.90
2/28/2014 32.01 18.48 43.16
3/31/2014 30.60 19.00 44.36
4/30/2014 29.94 20.14 45.43
5/31/2014 33.66 22.69 48.84
6/30/2014 35.57 25.00 51.92
7/31/2014 31.83 23.49 49.82
8/31/2014 35.09 26.21 55.82
9/30/2014 32.75 22.12 53.63
10/31/2014 32.97 22.98 57.38
11/30/2014 36.18 25.04 61.62
12/31/2014 32.42 22.63 61.21
1/31/2015 31.79 20.71 56.37
2/28/2015 41.60 27.43 65.36
3/31/2015 42.12 25.45 62.74
4/30/2015 43.22 29.09 64.30
5/31/2015 46.54 28.93 66.41
6/30/2015 45.85 25.89 63.19
7/31/2015 48.55 26.98 66.61
8/31/2015 37.24 18.28 56.56
9/30/2015 30.27 13.99 52.69
10/31/2015 40.74 22.94 65.57
11/30/2015 39.56 21.92 66.06
12/31/2015 37.57 19.73 63.44
1/31/2016 24.55 12.51 55.33
2/29/2016 21.20 11.73 55.12
3/31/2016 28.63 20.01 65.64
4/30/2016 30.85 21.78 66.28
5/31/2016 31.31 21.94 69.27
6/30/2016 26.36 21.20 69.71
7/31/2016 34.20 26.42 75.97
8/31/2016 36.27 26.85 76.21
9/30/2016 37.59 27.62 76.25
10/31/2016 35.67 25.46 73.03
11/30/2016 37.06 26.41 79.44
12/31/2016 37.79 29.14 82.99
1/31/2017 43.21 32.67 86.46
2/28/2017 48.81 36.39 93.86
3/31/2017 52.13 38.06 94.09
4/30/2017 58.44 40.21 96.08
5/31/2017 62.77 43.31 98.84
6/30/2017 65.23 43.96 100.08

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 7/28/2017

Date 2012 2013 2014 2015 2016
Short Term 0.0507
Long Term 0.1048 2.2865 3.8205 3.3125
Total Amount of Distribution 0.1048 2.2865 3.8205 3.3632
Record Date 12/7/12 12/6/13 12/5/14 12/4/15
Ex Div Date 12/10/12 12/9/13 12/8/14 12/7/15
Pay Date 12/11/12 12/10/13 12/8/14 12/7/15

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

Analytics

(As of 6/30/2017)

Morningstar 6/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
714
Category
World Large Stock
Analyst Rating (as of 6/14/17)
Silver
Performance Statistics
3Y
5Y
Alpha
2.03
1.96
Information Ratio
0.47
0.70
Upside Capture
121.85
118.31
Downside Capture
110.22
106.04
Sharpe Ratio
0.59
1.13
R-Squared
84.84
86.00
Standard Deviation
12.99
11.95
Sortino Ratio
0.26
0.56
Beta
1.11
1.11
Tracking Error
5.19
4.61
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/5/2016
Per Share ($)
$0.85
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.85
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$99.50 B
$111.50 B
Median Market Cap (weighted)
$53.40 B
$49.30 B
Trailing P/E
23.43
20.00
Forward P/E
18.72
15.95
Price/Book
2.46
2.28
Return on Equity
14.03%
14.53%
EPS Growth Rate 3Y
12.01%
5.24%
EPS Growth Rate 5Y
8.50%
6.39%
Sales Growth Rate 3Y
7.14%
-
Sales Growth Rate 5Y
7.56%
-
Turnover Ratio
6.00%
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Top Issuers

(48.7% of assets as of 06/30/17)


Portfolio Holdings Breakdown

Country 5
Developed Markets 5
Emerging Markets 5
Equity Sector 5
Industry 5
Asset Allocation 5
Market Cap 6
Country Global Fund MSCI AC World Overweight / Underweight
United States 45.4% 52.6% -7.1%
Japan 14.4% 7.7% 6.7%
France 10.1% 3.5% 6.6%
Germany 9.1% 3.1% 6.0%
United Kingdom 5.4% 5.8% -0.4%
India 3.5% 1.0% 2.5%
Switzerland 2.9% 2.8% 0.1%
Spain 2.8% 1.1% 1.6%
China 2.2% 3.1% -0.9%
Sweden 1.4% 1.0% 0.5%
Italy 0.6% 0.8% -0.1%
Denmark 0.5% 0.6% -0.1%
Argentina 0.5% - -
Developed Markets Global Fund MSCI AC World Overweight / Underweight
Americas 45.4% 55.7% -10.3%
Europe 32.8% 21.1% 11.8%
Asia Pacific 14.4% 11.7% 2.7%
Emerging Markets Global Fund MSCI AC World Overweight / Underweight
Asia Pacific 5.7% 8.2% -2.6%
Americas 0.5% 1.4% -0.9%
Equity Sector Global Fund MSCI AC World Overweight / Underweight
Information Technology 25.9% 16.9% 9.0%
Financials 18.4% 18.6% -0.2%
Consumer Discretionary 16.2% 12.1% 4.1%
Health Care 15.6% 11.4% 4.2%
Industrials 12.4% 10.9% 1.5%
Consumer Staples 5.2% 9.3% -4.1%
Real Estate 2.0% 3.1% -1.2%
Telecommunication Services 1.3% 3.2% -1.9%
Materials 1.0% 5.1% -4.2%
Energy 0.9% 6.1% -5.2%
Industry Global Fund MSCI AC World Overweight / Underweight
Internet Software & Services 8.9% 3.6% 5.3%
Software 7.2% 3.2% 4.0%
Biotechnology 6.6% 1.9% 4.8%
Electronic Equipment Instruments & Components 6.5% 1.1% 5.4%
Capital Markets 6.2% 2.6% 3.6%
Banks 6.2% 10.4% -4.2%
Insurance 6.0% 4.1% 1.9%
Health Care Providers & Services 5.6% 1.7% 3.9%
Textiles Apparel & Luxury Goods 5.5% 1.1% 4.4%
Specialty Retail 3.5% 1.5% 2.0%
Aerospace & Defense 3.0% 1.6% 1.3%
Automobiles 2.7% 1.8% 1.0%
Industrial Conglomerates 2.5% 1.9% 0.6%
Electrical Equipment 2.5% 0.8% 1.7%
Household Products 2.4% 1.3% 1.1%
Media 2.2% 2.4% -0.2%
Semiconductors & Semiconductor Equipment 2.1% 2.7% -0.6%
Personal Products 2.0% 0.8% 1.2%
Real Estate Management & Development 2.0% 1.0% 1.0%
Pharmaceuticals 1.9% 5.4% -3.4%
Asset Allocation Global Fund MSCI AC World Overweight / Underweight
Equity 98.8% 100.0% -1.2%
Net Cash and Equivalents 1.2% - -
Market Cap Global Fund MSCI AC World Overweight / Underweight
Large 86.0% 87.3% -1.3%
Mid 9.2% 12.7% -3.5%
Small 3.2% 0.0% 3.2%
  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. The Morningstar Analyst Rating is not a credit or risk rating but a subjective evaluation performed by the analysts of Morningstar, Inc. (Mstar). Mstar evaluates funds based on five key pillars (process, performance, people, parent and price). Mstar's analysts use this evaluation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weightings of each pillar may vary. The Analyst Rating reflects overall assessment and is overseen by Morningstar's Analyst Rating Committee. The analyst rating scale is five-tiered, with three positive ratings (Gold, Silver, Bronze), a Neutral rating and a Negative rating, with Gold being the highest rating and Negative being the lowest rating. The Mstar Analyst Ratings should not be used as the sole basis in evaluating a mutual fund and are based on Mstar's current expectations about future events. Mstar does not represent ratings as a guarantee. Analyst Ratings involve unknown risks and uncertainties which may cause Mstar's expectations not to occur or to differ significantly.
  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. 7. 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.
  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 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. ↩
  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. ↩
  12. E. 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 Y shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment. ↩
  13. 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. ↩
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