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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
February 1, 2001
Total Assets (all classes) (as of 6/30/2017)
$5.23 billion
Fund Index
MSCI AC World
NAV (as of 7/27/17)
  • A
$61.02

Equity

Fixed Income

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

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 7/27/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
31.48% 39.40% 14.74% 17.40% 9.10% 9.07%
Cumulative
Annualized
ytd as of 7/27/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
31.48% 39.40% 14.74% 17.40% 9.10% 9.07%
Gross Expense Ratio: 0.94% | Net Expense Ratio: 0.94%

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.


Year Global Opportunities Fund MSCI AC World
2001 0.00% -16.21%
2002 -26.58% -19.32%
2003 57.92% 33.99%
2004 30.36% 15.23%
2005 17.80% 10.84%
2006 11.40% 20.95%
2007 3.98% 11.66%
2008 -41.71% -42.19%
2009 76.38% 34.63%
2010 12.95% 12.67%
2011 -8.98% -7.35%
2012 10.59% 16.13%
2013 41.06% 22.80%
2014 -3.23% 4.16%
2015 14.22% -2.36%
2016 10.95% 7.86%

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.


Date Global Opportunities Fund MSCI ACWI S&P 500
6/30/2007 0.00 0.00 0.00
7/31/2007 -0.43 -1.53 -3.10
8/31/2007 0.76 -1.80 -1.65
9/30/2007 3.91 3.47 2.03
10/31/2007 5.60 7.51 3.65
11/30/2007 -3.35 2.76 -0.68
12/31/2007 -5.62 1.62 -1.37
1/31/2008 -11.98 -6.71 -7.29
2/29/2008 -12.58 -6.44 -10.30
3/31/2008 -15.02 -7.81 -10.68
4/30/2008 -12.38 -2.67 -6.33
5/31/2008 -9.77 -1.15 -5.12
6/30/2008 -19.03 -9.27 -13.12
7/31/2008 -20.35 -11.62 -13.85
8/31/2008 -17.00 -13.53 -12.60
9/30/2008 -28.49 -24.34 -20.39
10/31/2008 -42.00 -39.33 -33.76
11/30/2008 -48.36 -43.31 -38.51
12/31/2008 -45.18 -41.26 -37.86
1/31/2009 -49.02 -46.28 -43.10
2/28/2009 -51.95 -51.54 -49.16
3/31/2009 -45.81 -47.55 -44.70
4/30/2009 -37.06 -41.36 -39.41
5/31/2009 -26.23 -35.51 -36.02
6/30/2009 -27.43 -35.87 -35.89
7/31/2009 -23.83 -30.23 -31.05
8/31/2009 -18.58 -27.73 -28.56
9/30/2009 -11.77 -24.42 -25.89
10/31/2009 -17.94 -25.59 -27.27
11/30/2009 -10.43 -22.52 -22.90
12/31/2009 -3.63 -20.92 -21.42
1/31/2010 -6.23 -24.34 -24.24
2/28/2010 -5.65 -23.37 -21.90
3/31/2010 1.54 -18.44 -17.18
4/30/2010 2.16 -18.31 -15.88
5/31/2010 -4.97 -26.05 -22.59
6/30/2010 -9.13 -28.33 -26.64
7/31/2010 -1.82 -22.50 -21.51
8/31/2010 -9.45 -25.21 -25.05
9/30/2010 1.11 -18.05 -18.36
10/31/2010 4.43 -15.09 -15.25
11/30/2010 1.76 -16.98 -15.24
12/31/2010 8.54 -10.90 -9.58
1/31/2011 7.23 -9.50 -7.43
2/28/2011 11.90 -6.87 -4.26
3/31/2011 10.62 -6.96 -4.23
4/30/2011 18.91 -3.15 -1.39
5/31/2011 17.27 -5.24 -2.51
6/30/2011 12.78 -6.73 -4.13
7/31/2011 10.04 -8.25 -6.08
8/31/2011 7.19 -14.95 -11.18
9/30/2011 -4.31 -22.98 -17.43
10/31/2011 4.41 -14.73 -8.40
11/30/2011 -0.08 -17.28 -8.60
12/31/2011 -1.49 -17.45 -7.67
1/31/2012 7.32 -12.65 -3.53
2/29/2012 13.05 -8.25 0.64
3/31/2012 16.50 -7.64 3.95
4/30/2012 11.62 -8.70 3.30
5/31/2012 0.64 -16.89 -2.91
6/30/2012 5.42 -12.78 1.09
7/31/2012 3.58 -11.59 2.50
8/31/2012 6.15 -9.66 4.80
9/30/2012 9.42 -6.82 7.51
10/31/2012 5.34 -7.44 5.53
11/30/2012 5.23 -6.26 6.14
12/31/2012 8.64 -4.13 7.11
1/31/2013 13.36 0.28 12.66
2/28/2013 11.20 0.27 14.18
3/31/2013 16.55 2.10 18.47
4/30/2013 18.15 5.02 20.75
5/31/2013 22.42 4.73 23.57
6/30/2013 22.86 1.67 21.91
7/31/2013 29.66 6.54 28.12
8/31/2013 31.00 4.32 24.41
9/30/2013 41.55 9.71 28.31
10/31/2013 40.84 14.11 34.21
11/30/2013 49.42 15.73 38.30
12/31/2013 52.84 17.73 41.80
1/31/2014 53.36 13.02 36.90
2/28/2014 61.60 18.48 43.16
3/31/2014 55.03 19.00 44.36
4/30/2014 47.38 20.14 45.43
5/31/2014 49.57 22.69 48.84
6/30/2014 54.84 25.00 51.92
7/31/2014 43.33 23.49 49.82
8/31/2014 51.65 26.21 55.82
9/30/2014 43.63 22.12 53.63
10/31/2014 45.63 22.98 57.38
11/30/2014 50.72 25.04 61.62
12/31/2014 47.55 22.63 61.21
1/31/2015 47.18 20.71 56.37
2/28/2015 54.10 27.43 65.36
3/31/2015 50.05 25.45 62.74
4/30/2015 47.36 29.09 64.30
5/31/2015 54.92 28.93 66.41
6/30/2015 57.57 25.89 63.19
7/31/2015 60.66 26.98 66.61
8/31/2015 49.38 18.28 56.56
9/30/2015 46.81 13.99 52.69
10/31/2015 53.58 22.94 65.57
11/30/2015 67.47 21.92 66.06
12/31/2015 68.11 19.73 63.44
1/31/2016 49.28 12.51 55.33
2/29/2016 46.13 11.73 55.12
3/31/2016 60.68 20.01 65.64
4/30/2016 67.28 21.78 66.28
5/31/2016 74.44 21.94 69.27
6/30/2016 66.94 21.20 69.71
7/31/2016 81.87 26.42 75.97
8/31/2016 84.83 26.85 76.21
9/30/2016 90.34 27.62 76.25
10/31/2016 76.92 25.46 73.03
11/30/2016 81.19 26.41 79.44
12/31/2016 86.09 29.14 82.99
1/31/2017 93.17 32.67 86.46
2/28/2017 101.46 36.39 93.86
3/31/2017 120.43 38.06 94.09
4/30/2017 123.79 40.21 96.08
5/31/2017 134.10 43.31 98.84
6/30/2017 132.16 43.96 100.08

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.

$ per share as of 7/28/2017

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 6/30/2017)

Morningstar 6/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
117
Category
World Small/Mid Stock
Performance Statistics
3Y
5Y
Alpha
9.21
6.58
Information Ratio
0.81
0.60
Upside Capture
160.98
123.96
Downside Capture
106.13
83.06
Sharpe Ratio
0.87
1.12
R-Squared
51.73
43.98
Standard Deviation
17.40
15.27
Sortino Ratio
0.40
0.55
Beta
1.16
1.02
Tracking Error
12.20
11.42
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/9/2016
Per Share ($)
$0.26
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.26
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$10.90 B
$111.50 B
Median Market Cap (weighted)
$5.00 B
$49.30 B
Forward P/E
39.10
15.95
Price/Book
4.64
2.28
Return on Equity
11.72%
14.53%
EPS Growth Rate 3Y
11.71%
5.24%
EPS Growth Rate 5Y
7.15%
6.39%
Sales Growth Rate 3Y
7.48%
-
Sales Growth Rate 5Y
8.19%
-
Turnover Ratio
26.00%
-

Top Issuers

(43.1% of assets as of 06/30/17)


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 38.9% 52.6% -13.7%
United Kingdom 12.0% 5.8% 6.2%
Japan 8.5% 7.7% 0.8%
Germany 7.6% 3.1% 4.4%
Denmark 6.9% 0.6% 6.4%
France 4.4% 3.5% 0.9%
Spain 3.5% 1.1% 2.4%
Italy 3.0% 0.8% 2.2%
Canada 0.8% 3.2% -2.4%
Belgium 0.8% 0.4% 0.4%
Norway 0.5% 0.2% 0.3%
Portugal 0.5% 0.0% 0.5%
Argentina 0.2% - -
Developed Markets Global Opportunities Fund MSCI AC World Overweight / Underweight
Americas 39.6% 55.7% -16.1%
Europe 39.4% 21.1% 18.3%
Asia Pacific 8.5% 11.7% -3.2%
Emerging Markets Global Opportunities Fund MSCI AC World Overweight / Underweight
Americas 0.2% 1.4% -1.1%
Equity Sector Global Opportunities Fund MSCI AC World Overweight / Underweight
Information Technology 27.4% 16.9% 10.5%
Health Care 27.3% 11.4% 15.9%
Consumer Discretionary 18.0% 12.1% 5.9%
Industrials 12.0% 10.9% 1.2%
Materials 3.7% 5.1% -1.4%
Consumer Staples 3.6% 9.3% -5.7%
Financials 2.9% 18.6% -15.8%
Real Estate 1.7% 3.1% -1.5%
Telecommunication Services 0.3% 3.2% -2.9%
Broad Market -9.1% - -
Industry Global Opportunities Fund MSCI AC World Overweight / Underweight
Pharmaceuticals 12.2% 5.4% 6.8%
Software 8.4% 3.2% 5.2%
Semiconductors & Semiconductor Equipment 7.9% 2.7% 5.1%
Biotechnology 6.6% 1.9% 4.7%
Electronic Equipment Instruments & Components 5.8% 1.1% 4.8%
Internet & Direct Marketing Retail 4.3% 1.6% 2.8%
Textiles Apparel & Luxury Goods 3.9% 1.1% 2.8%
Health Care Equipment & Supplies 3.9% 1.9% 2.0%
Chemicals 3.3% 2.7% 0.6%
Specialty Retail 3.3% 1.5% 1.8%
Life Sciences Tools & Services 3.1% 0.5% 2.6%
Machinery 2.8% 1.8% 1.0%
Aerospace & Defense 2.8% 1.6% 1.1%
Capital Markets 2.3% 2.6% -0.3%
Media 2.1% 2.4% -0.3%
Household Durables 2.1% 0.8% 1.3%
Electrical Equipment 2.0% 0.8% 1.2%
Internet Software & Services 2.0% 3.6% -1.7%
Technology Hardware Storage & Peripherals 1.9% 3.0% -1.1%
Commercial Services & Supplies 1.8% 0.4% 1.4%
Asset Allocation Global Opportunities Fund MSCI AC World Overweight / Underweight
Equity 87.8% 100.0% -12.2%
Net Cash and Equivalents 12.2% - -
Market Cap Global Opportunities Fund MSCI AC World Overweight / Underweight
Mid 40.1% 12.7% 27.4%
Small 32.2% 0.0% 32.2%
Large 24.6% 87.3% -62.7%
  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. 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. 6. 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.
  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 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. ↩
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