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Domestic Equity

Discovery Mid Cap Growth Fund

The Strategy typically invests in mid-cap U.S. growth stocks.

Investment Style
Mid Cap Growth
Fund Inception
November 1, 2000
Total Assets (all classes) (as of 5/31/2017)
$914 million
Fund Index
Russell Midcap Growth
NAV (as of 6/23/17)
  • A
$19.81

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 5/31/2017
  • B
as of 3/31/2017
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 6/23/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (NAV)
16.12% 14.36% 7.10% 10.65% 8.39% 6.29%
Cumulative
Annualized
ytd as of 6/23/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (with sales charge)
16.12% 7.78% 5.01% 9.35% 7.75% 5.91%
Cumulative
Annualized
ytd as of 6/23/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (NAV)
16.12% 16.38% 11.03% 13.09% 7.98% 6.60%
Cumulative
Annualized
ytd as of 6/23/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (with sales charge)
16.12% 9.69% 8.86% 11.76% 7.34% 6.22%
Gross Expense Ratio: 1.16% | Net Expense Ratio: 1.15%

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 Discovery Mid Cap Growth Fund Russell Midcap Growth
2000 0.00% -
2001 0.41% -10.83%
2002 -36.78% -29.09%
2003 63.53% 46.31%
2004 5.35% 14.59%
2005 4.61% 8.17%
2006 6.75% 12.26%
2007 23.35% 9.69%
2008 -38.89% -41.50%
2009 24.16% 41.66%
2010 26.38% 28.86%
2011 0.34% -1.57%
2012 15.52% 16.13%
2013 35.02% 37.06%
2014 5.40% 11.90%
2015 6.10% -0.20%
2016 1.89% 7.33%

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 Discovery Mid Cap Growth Fund Russell Midcap® Growth Index (Linked Index) MSCI World S&P 500
5/31/2007 0.00 0.00 0.00 0.00
6/30/2007 -0.16 -0.95 -0.77 -1.66
7/31/2007 -1.74 -5.10 -2.97 -4.71
8/31/2007 1.27 -3.65 -3.04 -3.28
9/30/2007 8.39 -0.30 1.57 0.34
10/31/2007 15.11 3.82 4.68 1.93
11/30/2007 7.91 -2.30 0.40 -2.33
12/31/2007 9.69 -2.39 -0.89 -3.01
1/31/2008 -2.28 -10.34 -8.46 -8.83
2/29/2008 -5.88 -12.14 -8.99 -11.79
3/31/2008 -7.05 -13.21 -9.87 -12.17
4/30/2008 -0.57 -7.98 -5.13 -7.89
5/31/2008 5.28 -3.13 -3.68 -6.70
6/30/2008 2.94 -10.06 -11.36 -14.56
7/31/2008 3.03 -10.38 -13.53 -15.28
8/31/2008 3.03 -8.88 -14.75 -14.06
9/30/2008 -10.02 -20.94 -24.89 -21.71
10/31/2008 -27.03 -38.75 -39.13 -34.86
11/30/2008 -35.39 -45.65 -43.07 -39.54
12/31/2008 -32.96 -42.90 -41.24 -38.89
1/31/2009 -36.11 -46.33 -46.39 -44.04
2/28/2009 -41.96 -50.98 -51.88 -50.00
3/31/2009 -38.36 -46.31 -48.25 -45.62
4/30/2009 -34.40 -38.32 -42.44 -40.42
5/31/2009 -32.60 -36.10 -37.23 -37.08
6/30/2009 -30.80 -34.61 -37.51 -36.96
7/31/2009 -27.12 -29.53 -32.22 -32.19
8/31/2009 -26.13 -28.09 -29.42 -29.74
9/30/2009 -21.99 -23.38 -26.61 -27.12
10/31/2009 -25.23 -27.59 -27.91 -28.48
11/30/2009 -22.17 -24.90 -24.97 -24.19
12/31/2009 -16.77 -19.11 -23.62 -22.72
1/31/2010 -21.63 -22.45 -26.78 -25.50
2/28/2010 -17.40 -18.50 -25.74 -23.19
3/31/2010 -12.18 -11.99 -21.15 -18.56
4/30/2010 -9.48 -8.91 -21.13 -17.27
5/31/2010 -15.78 -15.09 -28.69 -23.88
6/30/2010 -20.91 -20.59 -31.13 -27.86
7/31/2010 -15.96 -15.29 -25.55 -22.81
8/31/2010 -18.75 -20.65 -28.33 -26.29
9/30/2010 -9.03 -10.15 -21.65 -19.72
10/31/2010 -4.89 -6.77 -18.73 -16.66
11/30/2010 0.33 -3.01 -20.48 -16.65
12/31/2010 5.19 4.23 -14.63 -11.08
1/31/2011 7.17 5.41 -12.71 -8.97
2/28/2011 13.74 11.19 -9.65 -5.85
3/31/2011 18.33 14.48 -10.54 -5.82
4/30/2011 21.74 18.48 -6.74 -3.03
5/31/2011 19.40 17.02 -8.68 -4.13
6/30/2011 20.21 14.92 -10.12 -5.72
7/31/2011 16.62 10.46 -11.75 -7.64
8/31/2011 7.17 1.42 -17.97 -12.66
9/30/2011 -2.19 -9.62 -25.05 -18.80
10/31/2011 9.15 4.34 -17.30 -9.92
11/30/2011 8.79 3.84 -19.32 -10.12
12/31/2011 5.55 2.59 -19.36 -9.20
1/31/2012 11.94 10.50 -15.32 -5.13
2/29/2012 18.96 15.58 -11.18 -1.03
3/31/2012 22.55 17.58 -10.04 2.23
4/30/2012 24.53 16.57 -11.06 1.58
5/31/2012 16.44 7.79 -18.74 -4.52
6/30/2012 19.49 11.25 -14.60 -0.59
7/31/2012 17.97 10.15 -13.50 0.79
8/31/2012 22.55 14.40 -11.31 3.06
9/30/2012 24.80 17.06 -8.87 5.73
10/31/2012 20.21 14.86 -9.49 3.77
11/30/2012 21.29 16.87 -8.33 4.38
12/31/2012 21.92 19.14 -6.60 5.33
1/31/2013 28.67 27.33 -1.85 10.78
2/28/2013 28.94 28.11 -1.68 12.29
3/31/2013 32.63 33.68 0.62 16.50
4/30/2013 32.63 34.15 3.79 18.74
5/31/2013 35.33 39.66 3.83 21.52
6/30/2013 34.61 37.99 1.27 19.89
7/31/2013 43.70 46.57 6.60 25.99
8/31/2013 44.51 43.78 4.33 22.34
9/30/2013 53.42 50.88 9.55 26.18
10/31/2013 58.82 54.83 13.84 31.98
11/30/2013 60.26 58.25 15.86 36.00
12/31/2013 64.63 63.30 18.31 39.44
1/31/2014 64.15 59.75 13.93 34.62
2/28/2014 75.74 69.78 19.63 40.78
3/31/2014 65.47 66.63 19.81 41.96
4/30/2014 54.17 64.19 21.03 43.01
5/31/2014 57.37 68.65 23.42 46.37
6/30/2014 65.57 73.92 25.62 49.39
7/31/2014 60.48 68.72 23.62 47.33
8/31/2014 69.15 77.81 26.34 53.23
9/30/2014 65.10 72.65 22.91 51.08
10/31/2014 69.24 77.42 23.71 54.77
11/30/2014 73.77 83.25 26.19 58.93
12/31/2014 73.52 82.73 24.15 58.53
1/31/2015 72.26 79.65 21.90 53.77
2/28/2015 85.01 92.02 29.05 62.61
3/31/2015 87.42 92.56 27.03 60.04
4/30/2015 83.97 91.21 30.00 61.57
5/31/2015 89.51 93.48 30.45 63.65
6/30/2015 90.03 90.36 27.42 60.48
7/31/2015 94.74 93.45 29.71 63.84
8/31/2015 84.07 82.19 21.12 53.96
9/30/2015 77.07 75.15 16.66 50.15
10/31/2015 85.43 86.18 25.90 62.81
11/30/2015 86.79 86.58 25.27 63.30
12/31/2015 84.09 82.37 23.07 60.72
1/31/2016 71.12 68.56 15.71 52.75
2/29/2016 67.74 71.20 14.85 52.54
3/31/2016 77.77 83.42 22.64 62.89
4/30/2016 79.19 83.31 24.58 63.52
5/31/2016 85.07 86.32 25.28 66.46
6/30/2016 86.82 86.29 23.88 66.89
7/31/2016 94.66 95.52 29.11 73.04
8/31/2016 94.23 94.94 29.22 73.29
9/30/2016 93.14 94.84 29.90 73.32
10/31/2016 85.07 86.93 27.39 70.16
11/30/2016 90.09 95.05 29.22 76.46
12/31/2016 87.57 95.73 32.31 79.95
1/31/2017 96.26 102.26 35.51 83.36
2/28/2017 102.20 108.07 39.27 90.64
3/31/2017 103.30 109.23 40.75 90.86
4/30/2017 107.14 112.33 42.83 92.82
5/31/2017 115.39 117.40 45.86 95.54

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 6/25/2017

Date 2012 2013 2014 2015 2016
Short Term
Long Term 0.7847 1.7708 0.7206 0.1518
Total Amount of Distribution 0.7847 1.7708 0.7206 0.1518
Record Date 12/10/13 12/9/14 12/2/15 12/5/16
Ex Div Date 12/11/13 12/10/14 12/3/15 12/6/16
Pay Date 12/12/13 12/10/14 12/3/15 12/6/16

There is no guarantee of the payment of any dividend or other distributions at any level.

Analytics

(As of 5/31/2017)

Morningstar 5/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
581
Category
Mid-Cap Growth
Performance Statistics
3Y
5Y
Alpha
2.64
-1.05
Information Ratio
0.54
-0.39
Sharpe Ratio
0.94
1.10
R-Squared
88.38
82.02
Standard Deviation
11.64
11.76
Sortino Ratio
0.46
0.54
Win Ratio
64.00
52.00
Loss Ratio
36.00
48.00
Beta
0.93
0.96
Tracking Error
4.06
5.01
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/6/2016
Per Share ($)
$0.00
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.00
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$14.70 B
$16.10 B
Median Market Cap (weighted)
$12.20 B
$13.00 B
Trailing P/E
33.13
26.59
Forward P/E
24.12
21.08
Price/Book
5.54
5.59
Return on Equity
16.08%
20.57%
Turnover Ratio
128.00%
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Top Issuers

(34.2% of assets as of 05/31/17)


Portfolio Holdings Breakdown

Country 4
Developed Markets 4
Equity Sector 4
Industry 4
Asset Allocation 4
Market Cap 5
Country Discovery Mid Cap Growth Fund Russell Midcap Growth Overweight / Underweight
United States 93.2% 99.9% -6.7%
Canada 3.8% - -
Developed Markets Discovery Mid Cap Growth Fund Russell Midcap Growth Overweight / Underweight
Americas 97.0% 99.9% -2.9%
Equity Sector Discovery Mid Cap Growth Fund Russell Midcap Growth Overweight / Underweight
Information Technology 24.5% 23.7% 0.8%
Consumer Discretionary 18.2% 22.2% -4.0%
Industrials 17.3% 14.2% 3.2%
Health Care 16.5% 16.3% 0.2%
Financials 7.6% 5.2% 2.3%
Materials 5.7% 5.2% 0.5%
Real Estate 2.9% 5.3% -2.5%
Consumer Staples 2.8% 6.5% -3.8%
Energy 1.5% 1.1% 0.4%
Industry Discovery Mid Cap Growth Fund Russell Midcap Growth Overweight / Underweight
Hotels Restaurants & Leisure 9.7% 4.3% 5.4%
Software 9.3% 6.2% 3.1%
Semiconductors & Semiconductor Equipment 7.6% 5.7% 2.0%
Health Care Equipment & Supplies 7.5% 6.2% 1.3%
IT Services 4.0% 6.9% -2.9%
Life Sciences Tools & Services 3.5% 2.8% 0.7%
Chemicals 3.2% 1.7% 1.4%
Banks 3.0% 1.1% 1.9%
Building Products 3.0% 1.6% 1.4%
Equity Real Estate Investment Trusts (REITs) 2.9% 5.0% -2.1%
Capital Markets 2.9% 3.5% -0.6%
Commercial Services & Supplies 2.9% 1.3% 1.6%
Specialty Retail 2.7% 4.9% -2.1%
Electronic Equipment Instruments & Components 2.2% 2.0% 0.2%
Professional Services 2.2% 1.6% 0.5%
Biotechnology 2.0% 2.5% -0.5%
Machinery 1.9% 3.0% -1.1%
Distributors 1.8% 0.9% 0.9%
Electrical Equipment 1.6% 1.0% 0.6%
Food Products 1.6% 3.8% -2.2%
Asset Allocation Discovery Mid Cap Growth Fund Russell Midcap Growth Overweight / Underweight
Equity 97.0% 100.0% -3.0%
Net Cash and Equivalents 3.0% - -
Market Cap Discovery Mid Cap Growth Fund Russell Midcap Growth Overweight / Underweight
Mid 72.3% 68.8% 3.4%
Large 24.2% 25.9% -1.7%
Small 0.5% 5.3% -4.7%
  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. 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. 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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