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Private Client Group
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Domestic Equity

Value Fund

The Strategy typically invests primarily in large company value stocks.

Investment Style
Large Cap Value
Fund Inception
February 28, 2012
Total Assets (all classes) (as of 8/31/2017)
$2.13 billion
Fund Index
Russell 1000 Value
NAV (as of 9/19/17)
  • A
$37.60

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 8/31/2017
  • F
as of 6/30/2017
  • F

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 9/19/17
  • C
1 yr 3 yr 5 yr since inception
Value Fund (NAV)
2.46% 9.63% 19.06% 6.32% 13.01% 11.44%
Cumulative
Annualized
3 mo ytd as of 9/19/17
  • C
1 yr 3 yr 5 yr since inception
Value Fund (NAV)
2.52% 9.63% 15.22% 6.01% 12.29% 11.25%
Gross Expense Ratio: 0.52% | Net Expense Ratio: 0.52%

The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Year Value Fund Russell 1000 Value
2012 0.00% 17.51%
2013 30.80% 32.53%
2014 11.07% 13.45%
2015 -3.34% -3.83%
2016 12.87% 17.34%

The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Date Value Fund Russell 1000® Value Index MSCI World S&P 500
8/31/2007 0.00 0.00 0.00 0.00
9/30/2007 3.89 3.43 4.76 3.74
10/31/2007 3.05 3.45 7.97 5.39
11/30/2007 -2.24 -1.61 3.56 0.98
12/31/2007 -3.27 -2.56 2.22 0.28
1/31/2008 -9.54 -6.46 -5.59 -5.73
2/29/2008 -12.81 -10.38 -6.14 -8.79
3/31/2008 -14.02 -11.06 -7.04 -9.19
4/30/2008 -7.07 -6.72 -2.15 -4.77
5/31/2008 -7.18 -6.87 -0.66 -3.53
6/30/2008 -13.83 -15.78 -8.58 -11.66
7/31/2008 -16.38 -16.09 -10.82 -12.41
8/31/2008 -15.39 -14.66 -12.07 -11.14
9/30/2008 -23.15 -20.93 -22.53 -19.06
10/31/2008 -38.77 -34.62 -37.22 -32.65
11/30/2008 -44.35 -39.31 -41.28 -37.48
12/31/2008 -43.60 -38.47 -39.40 -36.82
1/31/2009 -45.65 -45.54 -44.71 -42.14
2/28/2009 -51.20 -52.82 -50.37 -48.30
3/31/2009 -47.01 -48.78 -46.62 -43.78
4/30/2009 -41.58 -43.29 -40.64 -38.40
5/31/2009 -36.93 -39.79 -35.26 -34.95
6/30/2009 -36.70 -40.23 -35.55 -34.82
7/31/2009 -32.82 -35.34 -30.09 -29.89
8/31/2009 -29.02 -31.96 -27.21 -27.36
9/30/2009 -26.39 -29.33 -24.30 -24.65
10/31/2009 -28.05 -31.49 -25.65 -26.05
11/30/2009 -25.34 -27.63 -22.61 -21.61
12/31/2009 -24.62 -26.35 -21.22 -20.10
1/31/2010 -27.49 -28.42 -24.48 -22.97
2/28/2010 -25.52 -26.16 -23.41 -20.59
3/31/2010 -20.88 -21.35 -18.67 -15.79
4/30/2010 -19.66 -19.32 -18.66 -14.47
5/31/2010 -26.07 -25.95 -26.45 -21.30
6/30/2010 -30.87 -30.12 -28.97 -25.42
7/31/2010 -25.41 -25.39 -23.21 -20.19
8/31/2010 -29.10 -28.58 -26.08 -23.79
9/30/2010 -23.09 -23.04 -19.19 -16.99
10/31/2010 -19.47 -20.73 -16.18 -13.83
11/30/2010 -19.78 -21.15 -17.99 -13.82
12/31/2010 -13.54 -14.93 -11.96 -8.06
1/31/2011 -11.40 -13.00 -9.97 -5.88
2/28/2011 -9.18 -9.80 -6.81 -2.66
3/31/2011 -8.39 -9.44 -7.73 -2.62
4/30/2011 -5.34 -7.03 -3.81 0.26
5/31/2011 -5.85 -8.01 -5.81 -0.87
6/30/2011 -8.51 -9.89 -7.30 -2.52
7/31/2011 -12.35 -12.88 -8.98 -4.51
8/31/2011 -18.37 -18.32 -15.39 -9.69
9/30/2011 -25.10 -24.49 -22.70 -16.04
10/31/2011 -16.94 -15.85 -14.71 -6.87
11/30/2011 -18.01 -16.28 -16.79 -7.07
12/31/2011 -17.66 -14.60 -16.83 -6.12
1/31/2012 -14.25 -11.37 -12.66 -1.91
2/29/2012 -11.12 -7.83 -8.39 2.33
3/31/2012 -9.20 -5.10 -7.22 5.69
4/30/2012 -10.68 -6.07 -8.27 5.03
5/31/2012 -16.57 -11.58 -16.19 -1.28
6/30/2012 -13.93 -7.19 -11.92 2.79
7/31/2012 -12.77 -6.23 -10.79 4.21
8/31/2012 -10.44 -4.19 -8.52 6.56
9/30/2012 -8.07 -1.15 -6.01 9.31
10/31/2012 -8.12 -1.63 -6.65 7.30
11/30/2012 -8.32 -1.67 -5.45 7.92
12/31/2012 -6.54 0.36 -3.67 8.90
1/31/2013 -1.50 6.88 1.23 14.54
2/28/2013 -1.25 8.41 1.40 16.10
3/31/2013 3.14 12.71 3.78 20.45
4/30/2013 4.84 14.41 7.04 22.77
5/31/2013 7.52 17.35 7.09 25.64
6/30/2013 5.98 16.31 4.45 23.96
7/31/2013 11.79 22.59 9.95 30.26
8/31/2013 7.89 17.94 7.61 26.49
9/30/2013 12.20 20.90 12.99 30.46
10/31/2013 16.59 26.19 17.41 36.46
11/30/2013 18.86 29.71 19.50 40.61
12/31/2013 21.75 33.00 22.02 44.17
1/31/2014 17.10 28.28 17.50 39.19
2/28/2014 22.66 33.82 23.39 45.56
3/31/2014 24.31 37.02 23.57 46.78
4/30/2014 24.93 38.32 24.83 47.86
5/31/2014 27.58 40.34 27.29 51.34
6/30/2014 30.78 44.01 29.57 54.46
7/31/2014 28.42 41.56 27.50 52.33
8/31/2014 33.02 46.76 30.31 58.43
9/30/2014 29.56 43.73 26.77 56.20
10/31/2014 30.93 46.96 27.59 60.02
11/30/2014 33.80 49.97 30.15 64.32
12/31/2014 34.64 50.89 28.05 63.91
1/31/2015 28.22 44.86 25.73 58.99
2/28/2015 35.47 51.87 33.09 68.13
3/31/2015 34.38 49.80 31.01 65.47
4/30/2015 36.01 51.20 34.08 67.05
5/31/2015 38.48 53.02 34.55 69.20
6/30/2015 35.58 49.96 31.42 65.93
7/31/2015 37.63 50.62 33.78 69.40
8/31/2015 29.21 41.65 24.92 59.18
9/30/2015 24.46 37.37 20.32 55.24
10/31/2015 33.00 47.74 29.85 68.34
11/30/2015 33.46 48.30 29.20 68.84
12/31/2015 29.52 45.12 26.93 66.18
1/31/2016 20.41 37.62 19.34 57.93
2/29/2016 19.40 37.58 18.45 57.72
3/31/2016 28.59 47.49 26.49 68.42
4/30/2016 30.20 50.59 28.49 69.07
5/31/2016 32.19 52.93 29.21 72.11
6/30/2016 30.89 54.25 27.76 72.55
7/31/2016 34.83 58.73 33.16 78.91
8/31/2016 36.32 59.96 33.27 79.17
9/30/2016 37.45 59.62 33.98 79.20
10/31/2016 34.77 57.15 31.39 75.93
11/30/2016 43.36 66.13 33.28 82.45
12/31/2016 45.58 70.28 36.47 86.05
1/31/2017 48.45 71.49 39.76 89.58
2/28/2017 53.30 77.65 43.64 97.11
3/31/2017 51.58 75.84 45.17 97.34
4/30/2017 52.10 75.51 47.32 99.36
5/31/2017 52.74 75.34 50.43 102.17
6/30/2017 55.13 78.21 51.01 103.43
7/31/2017 57.71 80.58 54.63 107.62
8/31/2017 56.42 78.47 54.84 108.25

The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I 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 9/19/2017

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 8/31/2017)

Morningstar 8/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
1099
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-1.02
-1.19
Information Ratio
-0.28
-0.40
Upside Capture
101.77
98.80
Downside Capture
109.54
107.32
Sharpe Ratio
0.55
1.14
R-Squared
94.98
94.85
Standard Deviation
11.30
10.51
Sortino Ratio
0.25
0.57
Win Ratio
50.00
45.00
Loss Ratio
50.00
55.00
Beta
1.06
1.03
Tracking Error
2.61
2.41
Dividends
  • D
12-Month Distribution ($)
$0.59
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$116.40 B
$114.60 B
Median Market Cap (weighted)
$54.60 B
$61.40 B
Trailing P/E
19.41
18.91
Forward P/E
15.70
15.81
Price/Book
2.14
1.99
Return on Equity
11.72%
10.68%
EPS Growth Rate 3Y
2.62%
1.42%
EPS Growth Rate 5Y
2.04%
4.65%
Sales Growth Rate 3Y
0.34%
-
Sales Growth Rate 5Y
1.86%
-
Turnover Ratio
64.00%
-

Top Issuers

(44.3% of assets as of 08/31/17)


Portfolio Holdings Breakdown

Country 4
Developed Markets 4
Equity Sector 4
Industry 4
Asset Allocation 4
Market Cap 5
Country Value Fund Russell 1000 Value Overweight / Underweight
United States 91.2% 99.7% -8.5%
Canada 3.3% 0.0% 3.3%
United Kingdom 1.0% 0.1% 1.0%
Germany 0.7% - -
Israel 0.4% - -
Developed Markets Value Fund Russell 1000 Value Overweight / Underweight
Americas 94.5% 99.8% -5.2%
Europe 1.8% 0.2% 1.6%
Middle East 0.4% - -
Equity Sector Value Fund Russell 1000 Value Overweight / Underweight
Financials 25.7% 25.5% 0.2%
Health Care 11.1% 14.2% -3.1%
Information Technology 11.1% 8.2% 2.9%
Industrials 9.8% 8.5% 1.3%
Energy 9.3% 10.2% -0.9%
Consumer Discretionary 9.0% 6.9% 2.1%
Consumer Staples 6.6% 9.0% -2.4%
Utilities 5.0% 6.5% -1.5%
Real Estate 4.7% 5.0% -0.3%
Materials 3.2% 2.8% 0.3%
Telecommunication Services 1.2% 3.2% -1.9%
Industry Value Fund Russell 1000 Value Overweight / Underweight
Banks 14.0% 11.9% 2.1%
Oil Gas & Consumable Fuels 7.2% 8.9% -1.7%
Capital Markets 5.9% 3.9% 2.0%
Insurance 5.8% 4.7% 1.1%
Electric Utilities 5.0% 3.9% 1.1%
Equity Real Estate Investment Trusts (REITs) 4.7% 4.8% -0.1%
Pharmaceuticals 3.8% 7.0% -3.3%
Media 3.7% 2.5% 1.3%
Software 3.1% 1.5% 1.7%
Food & Staples Retailing 3.1% 2.3% 0.7%
Health Care Providers & Services 2.7% 2.4% 0.2%
Machinery 2.5% 1.3% 1.1%
Semiconductors & Semiconductor Equipment 2.3% 2.5% -0.2%
Health Care Equipment & Supplies 2.0% 2.8% -0.8%
Energy Equipment & Services 2.0% 1.2% 0.8%
Hotels Restaurants & Leisure 2.0% 0.8% 1.3%
Technology Hardware Storage & Peripherals 2.0% 0.8% 1.2%
Aerospace & Defense 2.0% 1.9% 0.1%
Biotechnology 1.8% 1.2% 0.6%
Electronic Equipment Instruments & Components 1.7% 0.5% 1.2%
Asset Allocation Value Fund Russell 1000 Value Overweight / Underweight
Equity 96.7% 100.0% -3.3%
Market Cap Value Fund Russell 1000 Value Overweight / Underweight
Large 74.3% 73.8% 0.5%
Mid 21.7% 22.7% -1.0%
Small 0.8% 3.5% -2.7%
  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. 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. 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. ↩
  12. F. The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I 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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