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Private Client Group
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Global Equity

Global Opportunities Fund

The Strategy typically invests opportunistically in both U.S. and foreign stocks.

Investment Style
Global Opportunity
Fund Inception
October 22, 1990
Total Assets (all classes) (as of 4/30/2017)
$4.7 billion
Fund Index
MSCI AC World
NAV (as of 5/26/17)
  • A
$57.98

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 4/30/2017
  • B
as of 3/31/2017
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 5/26/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
26.01% 37.19% 12.45% 13.60% 9.16% 11.95%
Cumulative
Annualized
ytd as of 5/26/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (with sales charge)
26.01% 29.30% 10.25% 12.27% 8.51% 11.70%
Cumulative
Annualized
ytd as of 5/26/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
26.01% 33.78% 14.94% 14.93% 8.80% 11.98%
Cumulative
Annualized
ytd as of 5/26/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (with sales charge)
26.01% 26.09% 12.69% 13.57% 8.16% 11.73%
Gross Expense Ratio: 1.19% | Net Expense Ratio: 1.19%

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 Global Opportunities Fund MSCI AC World
1991 15.00% -
1992 -6.18% -
1993 39.49% -
1994 -4.70% -
1995 17.37% -
1996 15.31% -
1997 28.25% -
1998 12.83% -
1999 86.57% -
2000 -4.22% -
2001 -16.32% -16.21%
2002 -26.99% -19.32%
2003 57.25% 33.99%
2004 29.88% 15.23%
2005 17.43% 10.84%
2006 11.00% 20.95%
2007 3.58% 11.66%
2008 -41.92% -42.19%
2009 75.79% 34.63%
2010 12.63% 12.67%
2011 -9.24% -7.35%
2012 10.28% 16.13%
2013 40.68% 22.80%
2014 -3.46% 4.16%
2015 13.93% -2.36%
2016 10.70% 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. 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 Global Opportunities Fund MSCI ACWI S&P 500
4/30/2007 0.00 0.00 0.00
5/31/2007 4.48 2.98 3.49
6/30/2007 3.87 2.68 1.77
7/31/2007 3.42 1.11 -1.39
8/31/2007 4.66 0.83 0.09
9/30/2007 7.93 6.24 3.84
10/31/2007 9.69 10.39 5.49
11/30/2007 0.40 5.51 1.08
12/31/2007 -1.96 4.34 0.38
1/31/2008 -8.57 -4.21 -5.64
2/29/2008 -9.20 -3.93 -8.71
3/31/2008 -11.73 -5.34 -9.10
4/30/2008 -8.99 -0.06 -4.68
5/31/2008 -6.28 1.50 -3.44
6/30/2008 -15.90 -6.84 -11.58
7/31/2008 -17.27 -9.25 -12.33
8/31/2008 -13.78 -11.21 -11.06
9/30/2008 -25.73 -22.31 -18.98
10/31/2008 -39.75 -37.70 -32.59
11/30/2008 -46.36 -41.80 -37.43
12/31/2008 -43.05 -39.69 -36.76
1/31/2009 -47.05 -44.84 -42.09
2/28/2009 -50.09 -50.24 -48.26
3/31/2009 -43.71 -46.14 -43.72
4/30/2009 -34.63 -39.78 -38.34
5/31/2009 -23.38 -33.78 -34.89
6/30/2009 -24.62 -34.15 -34.76
7/31/2009 -20.88 -28.36 -29.83
8/31/2009 -15.42 -25.80 -27.29
9/30/2009 -8.35 -22.39 -24.58
10/31/2009 -14.76 -23.59 -25.98
11/30/2009 -6.96 -20.45 -21.54
12/31/2009 0.10 -18.80 -20.02
1/31/2010 -2.60 -22.31 -22.90
2/28/2010 -2.00 -21.32 -20.51
3/31/2010 5.47 -16.26 -15.72
4/30/2010 6.11 -16.12 -14.39
5/31/2010 -1.29 -24.07 -21.22
6/30/2010 -5.61 -26.41 -25.35
7/31/2010 1.98 -20.42 -20.12
8/31/2010 -5.95 -23.20 -23.72
9/30/2010 5.02 -15.86 -16.91
10/31/2010 8.48 -12.82 -13.75
11/30/2010 5.70 -14.76 -13.74
12/31/2010 12.74 -8.51 -7.98
1/31/2011 11.38 -7.08 -5.80
2/28/2011 16.23 -4.37 -2.57
3/31/2011 14.91 -4.47 -2.53
4/30/2011 23.51 -0.56 0.36
5/31/2011 21.81 -2.70 -0.78
6/30/2011 17.14 -4.23 -2.43
7/31/2011 14.30 -5.79 -4.42
8/31/2011 11.34 -12.67 -9.61
9/30/2011 -0.61 -20.92 -15.96
10/31/2011 8.46 -12.44 -6.78
11/30/2011 3.79 -15.06 -6.99
12/31/2011 2.33 -15.24 -6.03
1/31/2012 11.48 -10.31 -1.82
2/29/2012 17.43 -5.79 2.42
3/31/2012 21.02 -5.17 5.79
4/30/2012 15.94 -6.25 5.13
5/31/2012 4.54 -14.66 -1.19
6/30/2012 9.50 -10.44 2.88
7/31/2012 7.59 -9.22 4.31
8/31/2012 10.26 -7.24 6.66
9/30/2012 13.65 -4.32 9.42
10/31/2012 9.42 -4.96 7.40
11/30/2012 9.31 -3.74 8.02
12/31/2012 12.85 -1.56 9.00
1/31/2013 17.74 2.97 14.65
2/28/2013 15.51 2.95 16.21
3/31/2013 21.06 4.84 20.56
4/30/2013 22.72 7.83 22.89
5/31/2013 27.16 7.54 25.76
6/30/2013 27.62 4.39 24.07
7/31/2013 34.68 9.39 30.39
8/31/2013 36.07 7.11 26.61
9/30/2013 47.03 12.64 30.58
10/31/2013 46.29 17.17 36.58
11/30/2013 55.21 18.83 40.74
12/31/2013 58.75 20.88 44.31
1/31/2014 59.29 16.05 39.32
2/28/2014 67.86 21.65 45.69
3/31/2014 61.03 22.19 46.92
4/30/2014 53.08 23.36 48.00
5/31/2014 55.36 25.98 51.48
6/30/2014 60.84 28.35 54.61
7/31/2014 48.88 26.80 52.47
8/31/2014 57.52 29.60 58.57
9/30/2014 49.19 25.39 56.35
10/31/2014 51.27 26.28 60.17
11/30/2014 56.56 28.39 64.48
12/31/2014 53.26 25.91 64.06
1/31/2015 52.88 23.94 59.14
2/28/2015 60.07 30.84 68.28
3/31/2015 55.86 28.82 65.62
4/30/2015 53.07 32.55 67.21
5/31/2015 60.92 32.38 69.36
6/30/2015 63.67 29.26 66.08
7/31/2015 66.88 30.39 69.56
8/31/2015 55.16 21.45 59.33
9/30/2015 52.49 17.05 55.39
10/31/2015 59.53 26.23 68.50
11/30/2015 73.96 25.19 69.00
12/31/2015 74.62 22.93 66.33
1/31/2016 55.06 15.52 58.08
2/29/2016 51.79 14.73 57.86
3/31/2016 66.90 23.23 68.57
4/30/2016 73.76 25.05 69.23
5/31/2016 81.20 25.20 72.27
6/30/2016 73.41 24.45 72.71
7/31/2016 88.91 29.81 79.08
8/31/2016 91.99 30.25 79.33
9/30/2016 97.71 31.04 79.37
10/31/2016 83.77 28.82 76.09
11/30/2016 88.21 29.80 82.62
12/31/2016 93.30 32.60 86.23
1/31/2017 100.65 36.23 89.76
2/28/2017 109.26 40.05 97.29
3/31/2017 128.97 41.76 97.52
4/30/2017 132.45 43.97 99.55

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 5/26/2017

Date 2012 2013 2014 2015 2016
Short Term 0.3151
Long Term 0.2496 3.1737
Total Amount of Distribution 0.2496 3.4888
Record Date 12/10/15 12/8/16
Ex Div Date 12/11/15 12/9/16
Pay Date 12/11/15 12/9/16

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

Analytics

(As of 4/30/2017)

Morningstar 4/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
127
Category
World Small/Mid Stock
Performance Statistics
3Y
5Y
Alpha
8.92
5.83
Information Ratio
0.79
0.52
Upside Capture
158.29
121.28
Downside Capture
106.89
88.53
Sharpe Ratio
0.88
0.94
R-Squared
51.44
49.66
Standard Deviation
17.29
16.05
Sortino Ratio
0.41
0.43
Beta
1.15
1.02
Tracking Error
12.15
11.39
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/9/2016
Per Share ($)
$0.13
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.13
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$11.60 B
$109.80 B
Median Market Cap (weighted)
$5.30 B
$47.50 B
Trailing P/E
97.35
20.36
Forward P/E
40.40
16.07
Price/Book
4.59
2.27
Return on Equity
10.80%
14.35%
EPS Growth Rate 3Y
7.24%
4.49%
EPS Growth Rate 5Y
6.66%
6.07%
Sales Growth Rate 3Y
7.70%
-
Sales Growth Rate 5Y
7.90%
-
Turnover Ratio
26.00%
-

Top Issuers

(46.3% of assets as of 04/30/17)


Portfolio Holdings Breakdown

Country 4
Developed Markets 4
Emerging Markets 4
Equity Sector 4
Industry 4
Asset Allocation 4
Market Cap 5
Country Global Opportunities Fund MSCI AC World Overweight / Underweight
United States 50.6% 52.9% -2.3%
United Kingdom 11.9% 5.8% 6.0%
Japan 8.3% 7.6% 0.8%
Germany 7.9% 3.1% 4.7%
Denmark 7.5% 0.6% 6.9%
France 3.9% 3.5% 0.4%
Italy 3.3% 0.7% 2.6%
Spain 1.5% 1.1% 0.4%
Belgium 0.9% 0.4% 0.5%
Russia 0.8% 0.4% 0.3%
Canada 0.8% 3.1% -2.3%
Portugal 0.5% 0.0% 0.4%
Norway 0.4% 0.2% 0.2%
Argentina 0.2% - -
Developed Markets Global Opportunities Fund MSCI AC World Overweight / Underweight
Americas 51.4% 56.0% -4.7%
Europe 37.7% 21.0% 16.6%
Asia Pacific 8.3% 11.7% -3.3%
Emerging Markets Global Opportunities Fund MSCI AC World Overweight / Underweight
Europe 0.8% 0.8% 0.0%
Americas 0.2% 1.4% -1.2%
Equity Sector Global Opportunities Fund MSCI AC World Overweight / Underweight
Health Care 28.1% 11.2% 16.9%
Information Technology 27.0% 16.7% 10.3%
Consumer Discretionary 21.3% 12.3% 9.0%
Industrials 10.9% 10.8% 0.1%
Materials 3.6% 5.3% -1.7%
Financials 3.6% 18.3% -14.6%
Consumer Staples 1.9% 9.5% -7.6%
Real Estate 1.8% 3.1% -1.4%
Telecommunication Services 0.2% 3.3% -3.1%
Industry Global Opportunities Fund MSCI AC World Overweight / Underweight
Pharmaceuticals 12.6% 5.3% 7.3%
Semiconductors & Semiconductor Equipment 9.1% 2.7% 6.5%
Biotechnology 7.4% 1.9% 5.5%
Electronic Equipment Instruments & Components 6.9% 1.0% 5.9%
Software 6.3% 3.1% 3.2%
Textiles Apparel & Luxury Goods 4.5% 1.1% 3.5%
Health Care Equipment & Supplies 4.4% 1.8% 2.6%
Internet & Direct Marketing Retail 4.3% 1.5% 2.8%
Chemicals 3.6% 2.8% 0.7%
Specialty Retail 3.4% 1.6% 1.8%
Aerospace & Defense 3.0% 1.6% 1.3%
Machinery 3.0% 1.8% 1.2%
Media 2.5% 2.5% 0.0%
Capital Markets 2.4% 2.5% -0.1%
Household Durables 2.3% 0.7% 1.6%
Internet Software & Services 2.3% 3.6% -1.4%
Life Sciences Tools & Services 2.1% 0.4% 1.7%
Electrical Equipment 2.1% 0.8% 1.3%
Technology Hardware Storage & Peripherals 1.9% 3.1% -1.2%
Automobiles 1.7% 1.8% -0.1%
Asset Allocation Global Opportunities Fund MSCI AC World Overweight / Underweight
Equity 98.4% 100.0% -1.6%
Net Cash and Equivalents 1.6% - -
Market Cap Global Opportunities Fund MSCI AC World Overweight / Underweight
Mid 41.9% 12.0% 29.8%
Small 30.0% 0.1% 30.0%
Large 26.5% 87.9% -61.4%
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  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. 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. Below-investment-grade (“high yield” or "junk") bonds are more at risk of default and are subject to liquidity risk. 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 p.m. 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. 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. ↩
  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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