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Private Client Group
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Global Equity

Global Value Fund

The Strategy invests in a mix of undervalued U.S. and foreign stocks.

Investment Style
Global Value
Fund Inception
October 1, 2007
Total Assets (all classes) (as of 4/30/2017)
$531 million
Fund Index
MSCI AC World
NAV (as of 5/24/17)
  • A
$46.82

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
3 mo ytd as of 5/24/17
  • C
1 yr 3 yr 5 yr since inception
Global Value Fund (NAV)
8.00% 14.17% 12.55% 1.20% 8.50% 4.99%
Cumulative
Annualized
3 mo ytd as of 5/24/17
  • C
1 yr 3 yr 5 yr since inception
Global Value Fund (with sales charge)
1.79% 14.17% 6.08% -0.78% 7.22% 4.34%
Cumulative
Annualized
3 mo ytd as of 5/24/17
  • C
1 yr 3 yr 5 yr since inception
Global Value Fund (NAV)
6.87% 14.17% 16.51% 3.47% 9.80% 5.30%
Cumulative
Annualized
3 mo ytd as of 5/24/17
  • C
1 yr 3 yr 5 yr since inception
Global Value Fund (with sales charge)
0.73% 14.17% 9.81% 1.45% 8.51% 4.65%
Gross Expense Ratio: 1.31% | Net Expense Ratio: 1.31%

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 Value Fund MSCI AC World
2008 -47.04% -42.19%
2009 73.81% 34.63%
2010 25.57% 12.67%
2011 -7.94% -7.35%
2012 19.55% 16.13%
2013 42.58% 22.80%
2014 -4.80% 4.16%
2015 -0.65% -2.36%
2016 -0.82% 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 Value Fund MSCI ACWI S&P 500
4/30/2012 0.00 0.00 0.00
5/31/2012 -12.88 -8.97 -6.01
6/30/2012 -8.36 -4.47 -2.14
7/31/2012 -7.74 -3.16 -0.78
8/31/2012 -2.81 -1.06 1.46
9/30/2012 2.29 2.06 4.08
10/31/2012 1.99 1.38 2.16
11/30/2012 2.95 2.68 2.75
12/31/2012 7.02 5.00 3.69
1/31/2013 15.14 9.84 9.06
2/28/2013 15.31 9.82 10.54
3/31/2013 17.81 11.83 14.68
4/30/2013 21.51 15.02 16.89
5/31/2013 26.03 14.71 19.63
6/30/2013 23.80 11.36 18.02
7/31/2013 33.18 16.69 24.02
8/31/2013 31.58 14.26 20.43
9/30/2013 41.03 20.16 24.21
10/31/2013 45.48 24.99 29.92
11/30/2013 47.43 26.76 33.88
12/31/2013 52.59 28.94 37.27
1/31/2014 43.98 23.79 32.52
2/28/2014 51.12 29.77 38.58
3/31/2014 49.16 30.34 39.75
4/30/2014 44.09 31.58 40.78
5/31/2014 47.86 34.38 44.09
6/30/2014 49.40 36.91 47.06
7/31/2014 42.13 35.25 45.03
8/31/2014 46.59 38.24 50.84
9/30/2014 39.70 33.76 48.72
10/31/2014 41.65 34.70 52.35
11/30/2014 46.59 36.95 56.45
12/31/2014 45.26 34.31 56.06
1/31/2015 38.35 32.21 51.37
2/28/2015 49.13 39.57 60.07
3/31/2015 47.32 37.41 57.54
4/30/2015 49.76 41.39 59.05
5/31/2015 52.62 41.21 61.10
6/30/2015 48.30 37.88 57.98
7/31/2015 51.51 39.08 61.29
8/31/2015 36.88 29.55 51.56
9/30/2015 33.08 24.85 47.81
10/31/2015 46.52 34.65 60.28
11/30/2015 47.70 33.54 60.75
12/31/2015 44.32 31.13 58.22
1/31/2016 30.22 23.22 50.37
2/29/2016 28.05 22.38 50.16
3/31/2016 37.34 31.45 60.35
4/30/2016 36.99 33.39 60.97
5/31/2016 39.92 33.55 63.86
6/30/2016 33.53 32.75 64.29
7/31/2016 42.54 38.47 70.34
8/31/2016 44.04 38.93 70.58
9/30/2016 46.03 39.78 70.61
10/31/2016 40.34 37.41 67.50
11/30/2016 42.19 38.46 73.71
12/31/2016 43.13 41.45 77.14
1/31/2017 49.34 45.31 80.50
2/28/2017 54.58 49.39 87.67
3/31/2017 54.58 51.22 87.89
4/30/2017 59.60 53.57 89.81

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 5/24/2017

Date 2012 2013 2014 2015 2016
Short Term 0.2156
Long Term 0.5300
Total Amount of Distribution 0.7455
Record Date 12/3/14
Ex Div Date 12/4/14
Pay Date 12/4/14

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
709
Category
World Large Stock
Performance Statistics
3Y
5Y
Alpha
-2.89
-1.41
Information Ratio
-0.28
0.13
Upside Capture
126.00
122.50
Downside Capture
151.10
132.02
Sharpe Ratio
0.29
0.67
R-Squared
86.74
86.11
Standard Deviation
15.16
15.54
Sortino Ratio
0.12
0.29
Beta
1.31
1.31
Tracking Error
6.43
6.71
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/4/2014
Per Share ($)
$0.00
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$88.30 B
$109.80 B
Median Market Cap (weighted)
$34.60 B
$47.50 B
Trailing P/E
38.85
20.36
Forward P/E
22.20
16.07
Price/Book
2.23
2.27
Debt to Capital Ratio
40.23
44.09
Turnover Ratio
89.00%
-

Top Issuers

(69.2% 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 Value Fund MSCI AC World Overweight / Underweight
United States 66.7% 52.9% 13.8%
China 7.6% 3.0% 4.6%
France 5.8% 3.5% 2.3%
United Kingdom 4.6% 5.8% -1.2%
Denmark 4.3% 0.6% 3.7%
Sweden 4.3% 1.0% 3.4%
Germany 2.8% 3.1% -0.4%
Japan 1.7% 7.6% -5.9%
Switzerland 1.5% 2.9% -1.4%
South Africa 0.9% 0.8% 0.1%
Developed Markets Global Value Fund MSCI AC World Overweight / Underweight
Americas 66.7% 56.0% 10.7%
Europe 23.3% 21.0% 2.2%
Asia Pacific 1.7% 11.7% -10.0%
Emerging Markets Global Value Fund MSCI AC World Overweight / Underweight
Asia Pacific 7.6% 7.9% -0.3%
Africa 0.9% 0.8% 0.1%
Equity Sector Global Value Fund MSCI AC World Overweight / Underweight
Financials 26.6% 18.3% 8.3%
Health Care 22.7% 11.2% 11.6%
Information Technology 20.9% 16.7% 4.2%
Consumer Discretionary 17.4% 12.3% 5.1%
Industrials 5.1% 10.8% -5.7%
Materials 4.1% 5.3% -1.1%
Telecommunication Services 3.4% 3.3% 0.1%
Industry Global Value Fund MSCI AC World Overweight / Underweight
Internet Software & Services 14.3% 3.6% 10.7%
Media 10.6% 2.5% 8.0%
Banks 9.4% 10.2% -0.8%
Biotechnology 7.0% 1.9% 5.1%
Capital Markets 6.6% 2.5% 4.1%
Pharmaceuticals 6.5% 5.3% 1.1%
Health Care Equipment & Supplies 6.3% 1.8% 4.6%
Insurance 6.3% 4.0% 2.3%
Professional Services 4.3% 0.6% 3.8%
Diversified Financial Services 4.3% 0.9% 3.4%
Chemicals 4.1% 2.8% 1.3%
IT Services 3.4% 2.5% 0.9%
Software 3.2% 3.1% 0.1%
Internet & Direct Marketing Retail 3.1% 1.5% 1.6%
Distributors 2.7% 0.1% 2.7%
Diversified Telecommunication Services 2.5% 2.2% 0.3%
Life Sciences Tools & Services 2.0% 0.4% 1.6%
Textiles Apparel & Luxury Goods 1.0% 1.1% -0.1%
Health Care Technology 0.9% 0.1% 0.9%
Wireless Telecommunication Services 0.9% 1.1% -0.2%
Asset Allocation Global Value Fund MSCI AC World Overweight / Underweight
Equity 100.1% 100.0% 0.1%
Market Cap Global Value Fund MSCI AC World Overweight / Underweight
Large 64.1% 87.9% -23.8%
Mid 23.2% 12.0% 11.2%
Small 12.8% 0.1% 12.8%
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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. 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. 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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