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Private Client Group
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Domestic Equity

Mid Cap Value Fund

The Strategy typically invests in mid-sized value stocks.

Investment Style
Mid Cap Value
Fund Inception
October 24, 2005
Total Assets (all classes) (as of 6/30/2017)
$1.37 billion
Fund Index
Russell Midcap Value
NAV (as of 7/25/17)
  • A
$58.61

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 7/25/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
6.27% 18.27% 6.28% 14.56% 4.28% 6.91%
Cumulative
Annualized
ytd as of 7/25/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
6.27% 18.27% 6.28% 14.56% 4.28% 6.91%
Gross Expense Ratio: 0.95% | Net Expense Ratio: 0.95%

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 Mid Cap Value Fund Russell Midcap Value
2005 0.00% 7.74%
2006 18.51% 20.18%
2007 9.53% -7.27%
2008 -49.76% -31.99%
2009 45.28% 27.68%
2010 20.98% 24.82%
2011 -7.27% -3.36%
2012 9.80% 19.21%
2013 38.17% 33.32%
2014 10.95% 7.11%
2015 -6.79% -3.55%
2016 20.57% 20.00%

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 Mid Cap Value Fund Russell Midcap® Value Index (Linked Index) S&P 500
6/30/2007 0.00 0.00 0.00
7/31/2007 -4.74 -7.49 -3.10
8/31/2007 -4.24 -7.01 -1.65
9/30/2007 -1.38 -6.04 2.03
10/31/2007 0.30 -5.39 3.65
11/30/2007 -4.97 -11.45 -0.68
12/31/2007 -5.45 -12.59 -1.37
1/31/2008 -12.30 -15.70 -7.29
2/29/2008 -14.26 -18.76 -10.30
3/31/2008 -16.29 -18.90 -10.68
4/30/2008 -11.32 -15.16 -6.33
5/31/2008 -8.31 -11.66 -5.12
6/30/2008 -16.88 -19.91 -13.12
7/31/2008 -20.44 -18.49 -13.85
8/31/2008 -18.04 -15.20 -12.60
9/30/2008 -31.22 -20.88 -20.39
10/31/2008 -48.78 -37.22 -33.76
11/30/2008 -54.85 -43.79 -38.51
12/31/2008 -52.66 -40.55 -37.86
1/31/2009 -53.92 -47.49 -43.10
2/28/2009 -58.17 -54.25 -49.16
3/31/2009 -54.08 -50.25 -44.70
4/30/2009 -47.07 -42.32 -39.41
5/31/2009 -44.73 -40.88 -36.02
6/30/2009 -43.47 -40.92 -35.89
7/31/2009 -39.27 -34.90 -31.05
8/31/2009 -36.69 -31.02 -28.56
9/30/2009 -33.96 -27.47 -25.89
10/31/2009 -37.28 -31.85 -27.27
11/30/2009 -34.71 -28.91 -22.90
12/31/2009 -31.54 -24.10 -21.42
1/31/2010 -33.73 -26.12 -24.24
2/28/2010 -31.23 -22.53 -21.90
3/31/2010 -27.09 -16.84 -17.18
4/30/2010 -25.00 -12.01 -15.88
5/31/2010 -31.31 -19.05 -22.59
6/30/2010 -35.56 -25.29 -26.64
7/31/2010 -30.85 -19.79 -21.51
8/31/2010 -34.35 -24.25 -25.05
9/30/2010 -27.29 -16.78 -18.36
10/31/2010 -24.17 -13.53 -15.25
11/30/2010 -23.27 -12.03 -15.24
12/31/2010 -17.48 -5.26 -9.58
1/31/2011 -16.04 -3.81 -7.43
2/28/2011 -13.54 0.36 -4.26
3/31/2011 -12.38 2.01 -4.23
4/30/2011 -9.00 4.39 -1.39
5/31/2011 -9.55 3.17 -2.51
6/30/2011 -11.86 0.52 -4.13
7/31/2011 -15.01 -3.24 -6.08
8/31/2011 -22.32 -11.16 -11.18
9/30/2011 -31.08 -20.69 -17.43
10/31/2011 -22.60 -9.65 -8.40
11/30/2011 -22.96 -9.85 -8.60
12/31/2011 -23.69 -8.44 -7.67
1/31/2012 -20.54 -3.24 -3.53
2/29/2012 -17.86 -0.44 0.64
3/31/2012 -17.01 2.10 3.95
4/30/2012 -18.66 1.48 3.30
5/31/2012 -25.02 -4.79 -2.91
6/30/2012 -24.30 -0.98 1.09
7/31/2012 -24.59 -1.41 2.50
8/31/2012 -22.32 1.92 4.80
9/30/2012 -20.34 4.80 7.51
10/31/2012 -19.31 4.40 5.53
11/30/2012 -18.02 5.83 6.14
12/31/2012 -16.45 9.15 7.11
1/31/2013 -10.93 16.58 12.66
2/28/2013 -8.53 18.40 14.18
3/31/2013 -5.00 23.72 18.47
4/30/2013 -5.08 24.06 20.75
5/31/2013 -1.01 26.92 23.57
6/30/2013 -1.55 25.63 21.91
7/31/2013 5.13 32.83 28.12
8/31/2013 1.21 27.25 24.41
9/30/2013 5.93 33.71 28.31
10/31/2013 9.87 39.21 34.21
11/30/2013 11.83 42.12 38.30
12/31/2013 15.11 45.52 41.80
1/31/2014 11.86 41.64 36.90
2/28/2014 16.92 48.62 43.16
3/31/2014 18.97 50.65 44.36
4/30/2014 17.49 48.92 45.43
5/31/2014 19.62 50.45 48.84
6/30/2014 23.61 56.97 51.92
7/31/2014 19.36 49.41 49.82
8/31/2014 24.10 56.03 55.82
9/30/2014 18.07 46.92 53.63
10/31/2014 21.85 53.46 57.38
11/30/2014 24.85 53.64 61.62
12/31/2014 27.27 55.86 61.21
1/31/2015 22.96 51.92 56.37
2/28/2015 31.26 58.94 65.36
3/31/2015 30.88 60.57 62.74
4/30/2015 29.96 58.27 64.30
5/31/2015 31.80 60.21 66.41
6/30/2015 29.44 58.53 63.19
7/31/2015 27.76 58.31 66.61
8/31/2015 20.69 50.83 56.56
9/30/2015 14.86 45.79 52.69
10/31/2015 21.70 54.69 65.57
11/30/2015 23.80 55.14 66.06
12/31/2015 18.34 50.34 63.44
1/31/2016 9.55 42.03 55.33
2/29/2016 10.28 43.03 55.12
3/31/2016 20.92 56.23 65.64
4/30/2016 22.89 59.58 66.28
5/31/2016 25.86 62.20 69.27
6/30/2016 24.82 63.68 69.71
7/31/2016 29.92 70.61 75.97
8/31/2016 33.07 70.25 76.21
9/30/2016 33.77 70.96 76.25
10/31/2016 29.77 66.81 73.03
11/30/2016 39.17 77.25 79.44
12/31/2016 42.33 80.40 82.99
1/31/2017 45.07 83.44 86.46
2/28/2017 49.53 88.56 93.86
3/31/2017 47.56 87.19 94.09
4/30/2017 47.53 87.54 96.08
5/31/2017 46.42 86.96 98.84
6/30/2017 47.26 89.74 100.08

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 7/26/2017

Date 2012 2013 2014 2015 2016
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date

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
356
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-0.50
0.36
Information Ratio
-0.06
0.19
Upside Capture
106.13
103.98
Downside Capture
110.89
103.08
Sharpe Ratio
0.51
1.20
R-Squared
91.45
91.58
Standard Deviation
13.08
11.85
Sortino Ratio
0.24
0.62
Win Ratio
47.00
47.00
Loss Ratio
53.00
53.00
Beta
1.06
1.02
Tracking Error
3.89
3.45
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
6/20/2017
Per Share ($)
$0.08
Net Income
59.50%
Net Profit from Sale
0.00%
Other Capital Sources
40.50%
12-Month Distribution ($)
$0.37
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$10.70 B
$13.40 B
Median Market Cap (weighted)
$8.90 B
$12.30 B
Trailing P/E
19.56
21.10
Forward P/E
16.59
17.37
Price/Book
2.12
1.98
Debt to Capital Ratio
44.99
45.51
Turnover Ratio
34.00%
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Top Issuers

(29.6% of assets as of 06/30/17)


Portfolio Holdings Breakdown

Country 4
Developed Markets 4
Equity Sector 4
Industry 4
Asset Allocation 4
Market Cap 5
Country Mid Cap Value Fund Russell Midcap Value Overweight / Underweight
United States 92.3% 99.6% -7.3%
Canada 3.0% 0.1% 2.9%
United Kingdom 1.4% 0.2% 1.3%
Israel 1.1% - -
France 0.4% - -
Developed Markets Mid Cap Value Fund Russell Midcap Value Overweight / Underweight
Americas 95.3% 99.7% -4.4%
Europe 1.8% 0.2% 1.6%
Middle East 1.1% - -
Equity Sector Mid Cap Value Fund Russell Midcap Value Overweight / Underweight
Financials 24.1% 19.7% 4.4%
Industrials 15.2% 11.3% 3.9%
Information Technology 11.0% 6.3% 4.6%
Consumer Discretionary 8.8% 12.1% -3.2%
Materials 8.2% 5.1% 3.2%
Utilities 7.9% 10.6% -2.7%
Health Care 7.1% 7.1% 0.1%
Real Estate 6.8% 14.7% -7.9%
Energy 6.1% 7.9% -1.9%
Consumer Staples 2.9% 4.3% -1.4%
Industry Mid Cap Value Fund Russell Midcap Value Overweight / Underweight
Banks 10.4% 6.9% 3.5%
Insurance 7.6% 6.9% 0.8%
Equity Real Estate Investment Trusts (REITs) 6.8% 14.2% -7.4%
Electric Utilities 4.3% 4.4% -0.1%
Machinery 4.1% 4.0% 0.1%
Capital Markets 4.0% 2.5% 1.5%
Software 3.6% 1.0% 2.5%
Electronic Equipment Instruments & Components 3.6% 0.8% 2.7%
Hotels Restaurants & Leisure 3.4% 1.5% 1.9%
Aerospace & Defense 3.4% 1.4% 2.0%
Energy Equipment & Services 3.2% 1.5% 1.7%
Pharmaceuticals 3.1% 1.0% 2.1%
Chemicals 3.1% 1.7% 1.4%
Health Care Equipment & Supplies 3.0% 1.8% 1.3%
Oil Gas & Consumable Fuels 2.9% 6.4% -3.5%
Electrical Equipment 2.7% 0.6% 2.1%
Semiconductors & Semiconductor Equipment 2.6% 0.6% 2.0%
Multi-Utilities 2.0% 4.7% -2.7%
Containers & Packaging 2.0% 1.2% 0.8%
Metals & Mining 1.7% 2.0% -0.3%
Asset Allocation Mid Cap Value Fund Russell Midcap Value Overweight / Underweight
Equity 98.2% 100.0% -1.8%
Market Cap Mid Cap Value Fund Russell Midcap Value Overweight / Underweight
Mid 63.5% 70.3% -6.8%
Small 22.1% 8.7% 13.4%
Large 12.6% 21.0% -8.4%
  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. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Small and 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 small-sized or 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. 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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