CGRYX
Value Fund
Overview
The Strategy typically invests primarily in large company value stocks.
- Inception Date
- December 16, 1996
- Investment Style
- Large Cap Value
- Fund Index
- Russell 1000® Value Index
- CUSIP
- 68380J816
- NAV
- A
- (as of 12/07/2018)
- $35.35
- Total Assets
- (as of 10/31/2018)
- $1.75 BN
- Gross Expense Ratio
- (as of 11/30/2018)
- 0.68%
- Net Expense Ratio
- (as of 11/30/2018)
- 0.68%
Performance
Average Annual Returns as of 09/30/2018
Average Annual Returns as of 11/30/2018
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
ytd as of 2018-09-30
|
1 yr | 3 yr | 5 yr | 10 yr | since inception | |
| 3.69% | 8.98% | 12.24% | 9.53% | 8.92% | 7.14% | |
| 3.92% | 9.45% | 13.55% | 10.72% | 9.79% | - | |
|
Cumulative
|
Annualized | |||||
|---|---|---|---|---|---|---|
ytd as of 2018-11-30
|
1 yr | 3 yr | 5 yr | 10 yr | since inception | |
| -1.59% | -0.29% | 7.75% | 7.13% | 11.90% | 6.83% | |
| 1.48% | 2.96% | 9.82% | 8.65% | 12.46% | - | |
Gross Expense Ratio:
0.68%
| Net Expense Ratio:
0.68%
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.
Calendar Year Returns as of 11/30/2018
| Year | Value Fund | Russell 1000® Value Index |
|---|---|---|
| 1997 | 24.21% | 35.18% |
| 1998 | 8.91% | 15.63% |
| 1999 | -4.51% | 7.35% |
| 2000 | -1.30% | 7.01% |
| 2001 | 3.46% | -5.59% |
| 2002 | -13.16% | -15.52% |
| 2003 | 33.06% | 30.03% |
| 2004 | 15.78% | 16.49% |
| 2005 | 6.78% | 7.05% |
| 2006 | 16.21% | 22.25% |
| 2007 | 6.71% | -0.17% |
| 2008 | -41.47% | -36.85% |
| 2009 | 34.17% | 19.69% |
| 2010 | 15.15% | 15.51% |
| 2011 | -4.35% | 0.39% |
| 2012 | 13.97% | 17.51% |
| 2013 | 30.70% | 32.53% |
| 2014 | 10.87% | 13.45% |
| 2015 | -3.55% | -3.83% |
| 2016 | 12.67% | 17.34% |
| 2017 | 16.22% | 13.66% |
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.
Cumulative Returns & Income Dividends
| Date | Value Fund | Russell 1000® Value Index | MSCI World | S&P 500 |
|---|---|---|---|---|
| 10/31/2008 | 0.00 | 0.00 | 0.00 | 0.00 |
| 11/30/2008 | -9.10 | -7.17 | -6.47 | -7.18 |
| 12/31/2008 | -7.78 | -5.88 | -3.47 | -6.19 |
| 1/31/2009 | -11.08 | -16.70 | -11.93 | -14.09 |
| 2/28/2009 | -20.17 | -27.83 | -20.94 | -23.24 |
| 3/31/2009 | -13.26 | -21.66 | -14.98 | -16.52 |
| 4/30/2009 | -4.42 | -13.27 | -5.44 | -8.53 |
| 5/31/2009 | 3.24 | -7.90 | 3.12 | -3.41 |
| 6/30/2009 | 3.62 | -8.58 | 2.66 | -3.22 |
| 7/31/2009 | 10.03 | -1.10 | 11.35 | 4.10 |
| 8/31/2009 | 16.26 | 4.07 | 15.95 | 7.86 |
| 9/30/2009 | 20.61 | 8.09 | 20.57 | 11.88 |
| 10/31/2009 | 17.94 | 4.78 | 18.42 | 9.80 |
| 11/30/2009 | 22.42 | 10.69 | 23.26 | 16.39 |
| 12/31/2009 | 23.73 | 12.65 | 25.47 | 18.64 |
| 1/31/2010 | 18.98 | 9.48 | 20.29 | 14.37 |
| 2/28/2010 | 22.27 | 12.94 | 21.98 | 17.91 |
| 3/31/2010 | 29.94 | 20.29 | 29.54 | 25.03 |
| 4/30/2010 | 31.96 | 23.40 | 29.56 | 27.00 |
| 5/31/2010 | 21.51 | 13.26 | 17.15 | 16.86 |
| 6/30/2010 | 13.66 | 6.88 | 13.13 | 10.74 |
| 7/31/2010 | 22.65 | 14.12 | 22.30 | 18.50 |
| 8/31/2010 | 16.64 | 9.24 | 17.74 | 13.15 |
| 9/30/2010 | 26.58 | 17.71 | 28.71 | 23.25 |
| 10/31/2010 | 32.60 | 21.24 | 33.51 | 27.94 |
| 11/30/2010 | 32.09 | 20.60 | 30.63 | 27.96 |
| 12/31/2010 | 42.48 | 30.12 | 40.23 | 36.51 |
| 1/31/2011 | 46.00 | 33.06 | 43.40 | 39.75 |
| 2/28/2011 | 49.78 | 37.97 | 48.42 | 44.53 |
| 3/31/2011 | 51.06 | 38.52 | 46.96 | 44.59 |
| 4/30/2011 | 56.18 | 42.20 | 53.20 | 48.87 |
| 5/31/2011 | 55.42 | 40.70 | 50.03 | 47.19 |
| 6/30/2011 | 51.12 | 37.82 | 47.65 | 44.73 |
| 7/31/2011 | 44.78 | 33.25 | 44.97 | 41.79 |
| 8/31/2011 | 34.85 | 24.93 | 34.76 | 34.09 |
| 9/30/2011 | 23.83 | 15.49 | 23.12 | 24.66 |
| 10/31/2011 | 37.35 | 28.71 | 35.86 | 38.29 |
| 11/30/2011 | 35.62 | 28.04 | 32.54 | 37.98 |
| 12/31/2011 | 36.28 | 30.63 | 32.47 | 39.39 |
| 1/31/2012 | 42.02 | 35.57 | 39.11 | 45.64 |
| 2/29/2012 | 47.23 | 40.97 | 45.91 | 51.94 |
| 3/31/2012 | 50.42 | 45.15 | 47.78 | 56.94 |
| 4/30/2012 | 48.01 | 43.67 | 46.11 | 55.95 |
| 5/31/2012 | 38.30 | 35.24 | 33.49 | 46.58 |
| 6/30/2012 | 42.73 | 41.96 | 40.30 | 52.62 |
| 7/31/2012 | 44.75 | 43.43 | 42.10 | 54.74 |
| 8/31/2012 | 48.66 | 46.54 | 45.70 | 58.22 |
| 9/30/2012 | 52.63 | 51.19 | 49.70 | 62.31 |
| 10/31/2012 | 52.63 | 50.45 | 48.69 | 59.32 |
| 11/30/2012 | 52.31 | 50.39 | 50.60 | 60.24 |
| 12/31/2012 | 55.33 | 53.50 | 53.43 | 61.70 |
| 1/31/2013 | 63.75 | 63.47 | 61.24 | 70.08 |
| 2/28/2013 | 64.28 | 65.82 | 61.51 | 72.38 |
| 3/31/2013 | 71.58 | 72.39 | 65.29 | 78.85 |
| 4/30/2013 | 74.50 | 74.99 | 70.50 | 82.30 |
| 5/31/2013 | 79.07 | 79.49 | 70.56 | 86.56 |
| 6/30/2013 | 76.55 | 77.90 | 66.36 | 84.05 |
| 7/31/2013 | 86.24 | 87.51 | 75.12 | 93.42 |
| 8/31/2013 | 79.80 | 80.40 | 71.39 | 87.82 |
| 9/30/2013 | 86.97 | 84.92 | 79.96 | 93.71 |
| 10/31/2013 | 94.33 | 93.01 | 87.01 | 102.61 |
| 11/30/2013 | 98.24 | 98.40 | 90.33 | 108.79 |
| 12/31/2013 | 103.01 | 103.42 | 94.36 | 114.07 |
| 1/31/2014 | 95.33 | 96.20 | 87.16 | 106.67 |
| 2/28/2014 | 104.62 | 104.68 | 96.53 | 116.13 |
| 3/31/2014 | 107.44 | 109.57 | 96.81 | 117.94 |
| 4/30/2014 | 108.52 | 111.56 | 98.83 | 119.55 |
| 5/31/2014 | 112.98 | 114.66 | 102.74 | 124.71 |
| 6/30/2014 | 118.35 | 120.27 | 106.37 | 129.35 |
| 7/31/2014 | 114.48 | 116.51 | 103.08 | 126.19 |
| 8/31/2014 | 122.22 | 124.47 | 107.55 | 135.23 |
| 9/30/2014 | 116.46 | 119.84 | 101.92 | 131.94 |
| 10/31/2014 | 118.78 | 124.78 | 103.22 | 137.60 |
| 11/30/2014 | 123.61 | 129.38 | 107.30 | 143.99 |
| 12/31/2014 | 125.07 | 130.79 | 103.95 | 143.38 |
| 1/31/2015 | 114.41 | 121.56 | 100.26 | 136.07 |
| 2/28/2015 | 126.57 | 132.28 | 111.99 | 149.64 |
| 3/31/2015 | 124.76 | 129.12 | 108.67 | 145.69 |
| 4/30/2015 | 127.57 | 131.26 | 113.57 | 148.05 |
| 5/31/2015 | 131.75 | 134.04 | 114.30 | 151.24 |
| 6/30/2015 | 126.93 | 129.37 | 109.32 | 146.37 |
| 7/31/2015 | 130.43 | 130.38 | 113.08 | 151.53 |
| 8/31/2015 | 116.34 | 116.66 | 98.98 | 136.36 |
| 9/30/2015 | 108.42 | 110.12 | 91.64 | 130.51 |
| 10/31/2015 | 122.77 | 125.97 | 106.82 | 149.95 |
| 11/30/2015 | 123.60 | 126.83 | 105.79 | 150.70 |
| 12/31/2015 | 117.08 | 121.96 | 102.18 | 146.74 |
| 1/31/2016 | 101.84 | 110.49 | 90.08 | 134.50 |
| 2/29/2016 | 100.18 | 110.43 | 88.67 | 134.18 |
| 3/31/2016 | 115.66 | 125.59 | 101.47 | 150.07 |
| 4/30/2016 | 118.37 | 130.33 | 104.66 | 151.04 |
| 5/31/2016 | 121.71 | 133.91 | 105.81 | 155.55 |
| 6/30/2016 | 119.57 | 135.93 | 103.50 | 156.21 |
| 7/31/2016 | 126.26 | 142.78 | 112.10 | 165.66 |
| 8/31/2016 | 128.84 | 144.65 | 112.28 | 166.03 |
| 9/30/2016 | 130.77 | 144.14 | 113.40 | 166.08 |
| 10/31/2016 | 126.35 | 140.37 | 109.27 | 161.23 |
| 11/30/2016 | 140.78 | 154.09 | 112.28 | 170.90 |
| 12/31/2016 | 144.58 | 160.44 | 117.36 | 176.25 |
| 1/31/2017 | 149.45 | 162.30 | 122.61 | 181.49 |
| 2/28/2017 | 157.63 | 171.72 | 128.78 | 192.67 |
| 3/31/2017 | 154.81 | 168.96 | 131.22 | 193.01 |
| 4/30/2017 | 155.73 | 168.45 | 134.64 | 196.02 |
| 5/31/2017 | 156.86 | 168.19 | 139.61 | 200.19 |
| 6/30/2017 | 160.96 | 172.57 | 140.53 | 202.06 |
| 7/31/2017 | 165.27 | 176.20 | 146.29 | 208.27 |
| 8/31/2017 | 163.22 | 172.98 | 146.63 | 209.22 |
| 9/30/2017 | 170.46 | 181.06 | 152.17 | 215.59 |
| 10/31/2017 | 173.23 | 183.10 | 156.93 | 222.96 |
| 11/30/2017 | 180.56 | 191.77 | 162.50 | 232.86 |
| 12/31/2017 | 184.25 | 196.03 | 166.05 | 236.56 |
| 1/31/2018 | 197.44 | 207.48 | 180.10 | 255.83 |
| 2/28/2018 | 185.29 | 192.79 | 168.50 | 242.72 |
| 3/31/2018 | 180.49 | 187.64 | 162.64 | 234.01 |
| 4/30/2018 | 182.21 | 188.59 | 165.66 | 235.29 |
| 5/31/2018 | 183.03 | 190.31 | 167.33 | 243.37 |
| 6/30/2018 | 180.89 | 191.03 | 167.20 | 245.48 |
| 7/31/2018 | 192.23 | 202.54 | 175.54 | 258.34 |
| 8/31/2018 | 193.66 | 207.02 | 178.95 | 270.01 |
| 9/30/2018 | 194.73 | 207.63 | 180.51 | 272.12 |
| 10/31/2018 | 174.75 | 191.70 | 159.91 | 246.68 |
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.
Capital Gains and Distributions ($ per share) as of 12/09/2018
| Date | 2013 | 2014 | 2015 | 2016 | 2017 |
|---|---|---|---|---|---|
| Short Term | — | — | — | — | — |
| Long Term | — | — | — | — | 1.6597 |
| Total Amount of Distribution | — | — | — | — | 1.6597 |
| Record Date | — | — | — | — | 12/8/17 |
| Ex Div Date | — | — | — | — | 12/11/17 |
| Pay Date | — | — | — | — | 12/11/17 |
There is no guarantee of the payment of any dividend or other distributions at any level.
Portfolio
Top Issuers
(48.8% of assets as of 10/31/2018)
| Country | Value Fund | Russell 1000® Value Index | Overweight / Underweight |
|---|---|---|---|
| United States | 91.7% | 99.7% | -8.0% |
| Canada | 3.7% | - | - |
| Netherlands | 1.3% | 0.2% | 1.1% |
| Developed Markets | Value Fund | Russell 1000® Value Index | Overweight / Underweight |
|---|---|---|---|
| Americas | 95.4% | 99.7% | -4.3% |
| Europe | 1.3% | 0.2% | 1.1% |
| Equity Sector | Value Fund | Russell 1000® Value Index | Overweight / Underweight |
|---|---|---|---|
| Financials | 21.6% | 22.9% | -1.3% |
| Health Care | 18.0% | 15.3% | 2.7% |
| Energy | 11.8% | 10.0% | 1.8% |
| Consumer Staples | 8.3% | 7.8% | 0.4% |
| Information Technology | 8.0% | 9.5% | -1.6% |
| Industrials | 8.0% | 7.5% | 0.4% |
| Consumer Discretionary | 6.2% | 5.3% | 0.9% |
| Communication Services | 4.4% | 7.1% | -2.7% |
| Real Estate | 4.2% | 4.7% | -0.5% |
| Utilities | 3.3% | 6.0% | -2.6% |
| Materials | 3.0% | 3.9% | -1.0% |
| Industry | Value Fund | Russell 1000® Value Index | Overweight / Underweight |
|---|---|---|---|
| Banks | 15.0% | 11.5% | 3.5% |
| Oil Gas & Consumable Fuels | 10.4% | 9.1% | 1.3% |
| Pharmaceuticals | 6.5% | 7.0% | -0.5% |
| Health Care Equipment & Supplies | 4.8% | 3.7% | 1.2% |
| Health Care Providers & Services | 4.7% | 3.0% | 1.7% |
| Capital Markets | 4.4% | 3.3% | 1.1% |
| Equity Real Estate Investment Trusts (REITs) | 4.2% | 4.6% | -0.4% |
| Beverages | 3.5% | 0.5% | 3.0% |
| Electric Utilities | 3.3% | 3.5% | -0.2% |
| Machinery | 2.8% | 1.3% | 1.5% |
| Software | 2.5% | 1.8% | 0.7% |
| Communications Equipment | 2.5% | 2.0% | 0.6% |
| Diversified Telecommunication Services | 2.4% | 3.7% | -1.3% |
| Insurance | 2.2% | 4.1% | -1.9% |
| Food & Staples Retailing | 1.9% | 1.9% | 0.0% |
| Automobiles | 1.7% | 0.7% | 0.9% |
| Multiline Retail | 1.7% | 0.7% | 1.1% |
| Tobacco | 1.6% | 1.1% | 0.6% |
| Air Freight & Logistics | 1.4% | - | - |
| Energy Equipment & Services | 1.4% | 0.9% | 0.5% |
| Asset Allocation | Value Fund | Russell 1000® Value Index | Overweight / Underweight |
|---|---|---|---|
| Equity | 96.7% | 100.0% | -3.3% |
| Market Cap | Value Fund | Russell 1000® Value Index | Overweight / Underweight |
|---|---|---|---|
| Large | 80.5% | 77.1% | 3.4% |
| Mid | 15.3% | 21.2% | -5.9% |
| Small | 0.9% | 1.4% | -0.5% |
Analytics
Morningstar
10/31/2018
(based on risk adjusted performance)
Overall Rating
Number of Funds
1089
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-2.11
-1.70
Beta
1.09
1.05
Information Ratio
-0.63
-0.60
R-Squared
94.25
95.21
Sharpe Ratio
0.63
0.65
Standard Deviation
10.33
10.64
Upside Capture
95.54
97.37
Downside Capture
109.93
108.97
Sortino Ratio
0.98
1.00
Win Ratio
47.00
43.00
Loss Ratio
53.00
57.00
Tracking Error
2.61
2.39
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$129.46 B
$123.72 B
Median Market Cap (weighted)
$80.47 B
$65.75 B
P/E Ratio (LTM)
15.53
16.19
P/E Ratio (NTM)
13.19
13.53
Price/Book
2.20
2.05
Return on Equity
12.95%
12.12%
EPS Growth Rate 3Y
4.57%
3.78%
EPS Growth Rate 5Y
4.20%
4.55%
Sales Growth Rate 3Y
1.18%
-
Sales Growth Rate 5Y
0.52%
-
Turnover Ratio
53%
-
Active Share
70.13%
-
Dividends
- D
Est. Frequency
Quarterly
Last Pay Date
9/18/2018
Per Share ($)
$0.1529
12-Month Distribution ($)
$0.6061
Distribution Sources
- D
Net Income
98.50%
Net Profit from Sale
0.00%
Other Capital Sources
1.50%
Documents
- 1. 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. 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. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Diversification does not guarantee profit or protect against loss.
- 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. The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 companies with lower price-to-book ratios and lower expected growth values. The index is unmanaged, includes the reinvestment of dividends and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
- 4. Holdings are subject to change, and are dollar weighted based on total new 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. 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.
- 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. ↩
- B. 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. ↩
- 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. ↩
- D. There is no guarantee of the payment of any dividend or other distributions at any level. ↩