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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 8/31/2017)
$948 million
Fund Index
Russell Midcap Growth
NAV (as of 9/20/17)
  • A
$22.58

Equity

Fixed Income

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

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 9/20/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (NAV)
19.85% 14.88% 9.20% 12.69% 8.39% 7.02%
Cumulative
Annualized
ytd as of 9/20/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (NAV)
19.85% 13.98% 9.56% 12.81% 8.56% 7.15%
Gross Expense Ratio: 0.90% | Net Expense Ratio: 0.90%

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 Discovery Mid Cap Growth Fund Russell Midcap Growth
2000 0.00% -
2001 0.62% -10.83%
2002 -36.50% -29.09%
2003 64.74% 46.31%
2004 5.96% 14.59%
2005 5.26% 8.17%
2006 7.37% 12.26%
2007 24.05% 9.69%
2008 -38.46% -41.50%
2009 24.87% 41.66%
2010 27.07% 28.86%
2011 0.88% -1.57%
2012 16.02% 16.13%
2013 35.55% 37.06%
2014 5.68% 11.90%
2015 6.29% -0.20%
2016 2.15% 7.33%

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 Discovery Mid Cap Growth Fund Russell Midcap® Growth Index (Linked Index) MSCI World S&P 500
8/31/2007 0.00 0.00 0.00 0.00
9/30/2007 7.03 3.47 4.76 3.74
10/31/2007 13.67 7.76 7.97 5.39
11/30/2007 6.56 1.40 3.56 0.98
12/31/2007 8.32 1.31 2.22 0.28
1/31/2008 -3.50 -6.95 -5.59 -5.73
2/29/2008 -7.06 -8.82 -6.14 -8.79
3/31/2008 -8.21 -9.92 -7.04 -9.19
4/30/2008 -1.81 -4.49 -2.15 -4.77
5/31/2008 3.96 0.54 -0.66 -3.53
6/30/2008 1.65 -6.66 -8.58 -11.66
7/31/2008 1.74 -6.99 -10.82 -12.41
8/31/2008 1.74 -5.43 -12.07 -11.14
9/30/2008 -11.14 -17.95 -22.53 -19.06
10/31/2008 -27.94 -36.43 -37.22 -32.65
11/30/2008 -36.20 -43.60 -41.28 -37.48
12/31/2008 -33.80 -40.74 -39.40 -36.82
1/31/2009 -36.91 -44.30 -44.71 -42.14
2/28/2009 -42.69 -49.12 -50.37 -48.30
3/31/2009 -39.13 -44.28 -46.62 -43.78
4/30/2009 -35.22 -35.99 -40.64 -38.40
5/31/2009 -33.45 -33.68 -35.26 -34.95
6/30/2009 -31.67 -32.13 -35.55 -34.82
7/31/2009 -28.03 -26.86 -30.09 -29.89
8/31/2009 -27.05 -25.37 -27.21 -27.36
9/30/2009 -22.96 -20.48 -24.30 -24.65
10/31/2009 -26.16 -24.85 -25.65 -26.05
11/30/2009 -23.14 -22.06 -22.61 -21.61
12/31/2009 -17.81 -16.05 -21.22 -20.10
1/31/2010 -22.61 -19.51 -24.48 -22.97
2/28/2010 -18.43 -15.41 -23.41 -20.59
3/31/2010 -13.28 -8.66 -18.67 -15.79
4/30/2010 -10.61 -5.46 -18.66 -14.47
5/31/2010 -16.83 -11.88 -26.45 -21.30
6/30/2010 -21.90 -17.58 -28.97 -25.42
7/31/2010 -17.01 -12.08 -23.21 -20.19
8/31/2010 -19.76 -17.65 -26.08 -23.79
9/30/2010 -10.17 -6.74 -19.19 -16.99
10/31/2010 -6.08 -3.24 -16.18 -13.83
11/30/2010 -0.93 0.66 -17.99 -13.82
12/31/2010 3.87 8.18 -11.96 -8.06
1/31/2011 5.83 9.40 -9.97 -5.88
2/28/2011 12.31 15.40 -6.81 -2.66
3/31/2011 16.85 18.82 -7.73 -2.62
4/30/2011 20.22 22.97 -3.81 0.26
5/31/2011 17.91 21.46 -5.81 -0.87
6/30/2011 18.71 19.27 -7.30 -2.52
7/31/2011 15.16 14.64 -8.98 -4.51
8/31/2011 5.83 5.26 -15.39 -9.69
9/30/2011 -3.41 -6.19 -22.70 -16.04
10/31/2011 7.78 8.29 -14.71 -6.87
11/30/2011 7.43 7.78 -16.79 -7.07
12/31/2011 4.23 6.48 -16.83 -6.12
1/31/2012 10.54 14.69 -12.66 -1.91
2/29/2012 17.47 19.96 -8.39 2.33
3/31/2012 21.02 22.03 -7.22 5.69
4/30/2012 22.98 20.98 -8.27 5.03
5/31/2012 14.98 11.87 -16.19 -1.28
6/30/2012 18.00 15.47 -11.92 2.79
7/31/2012 16.49 14.32 -10.79 4.21
8/31/2012 21.02 18.74 -8.52 6.56
9/30/2012 23.24 21.50 -6.01 9.31
10/31/2012 18.71 19.21 -6.65 7.30
11/30/2012 19.78 21.30 -5.45 7.92
12/31/2012 20.40 23.65 -3.67 8.90
1/31/2013 27.06 32.15 1.23 14.54
2/28/2013 27.33 32.96 1.40 16.10
3/31/2013 30.97 38.74 3.78 20.45
4/30/2013 30.97 39.23 7.04 22.77
5/31/2013 33.64 44.95 7.09 25.64
6/30/2013 32.93 43.21 4.45 23.96
7/31/2013 41.90 52.12 9.95 30.26
8/31/2013 42.70 49.23 7.61 26.49
9/30/2013 51.50 56.59 12.99 30.46
10/31/2013 56.83 60.70 17.41 36.46
11/30/2013 58.25 64.25 19.50 40.61
12/31/2013 62.57 69.48 22.02 44.17
1/31/2014 62.10 65.80 17.50 39.19
2/28/2014 73.55 76.21 23.39 45.56
3/31/2014 63.40 72.94 23.57 46.78
4/30/2014 52.24 70.40 24.83 47.86
5/31/2014 55.40 75.03 27.29 51.34
6/30/2014 63.50 80.51 29.57 54.46
7/31/2014 58.47 75.11 27.50 52.33
8/31/2014 67.03 84.55 30.31 58.43
9/30/2014 63.03 79.19 26.77 56.20
10/31/2014 67.13 84.14 27.59 60.02
11/30/2014 71.59 90.19 30.15 64.32
12/31/2014 71.35 89.65 28.05 63.91
1/31/2015 70.11 86.46 25.73 58.99
2/28/2015 82.70 99.29 33.09 68.13
3/31/2015 85.08 99.85 31.01 65.47
4/30/2015 81.67 98.45 34.08 67.05
5/31/2015 87.14 100.81 34.55 69.20
6/30/2015 87.66 97.57 31.42 65.93
7/31/2015 92.30 100.77 33.78 69.40
8/31/2015 81.77 89.09 24.92 59.18
9/30/2015 74.86 81.79 20.32 55.24
10/31/2015 83.11 93.23 29.85 68.34
11/30/2015 84.46 93.65 29.20 68.84
12/31/2015 81.79 89.27 26.93 66.18
1/31/2016 68.98 74.95 19.34 57.93
2/29/2016 65.65 77.69 18.45 57.72
3/31/2016 75.55 90.37 26.49 68.42
4/30/2016 76.95 90.25 28.49 69.07
5/31/2016 82.76 93.37 29.21 72.11
6/30/2016 84.48 93.34 27.76 72.55
7/31/2016 92.23 102.92 33.16 78.91
8/31/2016 91.80 102.32 33.27 79.17
9/30/2016 90.72 102.22 33.98 79.20
10/31/2016 82.76 94.01 31.39 75.93
11/30/2016 87.71 102.44 33.28 82.45
12/31/2016 85.23 103.14 36.47 86.05
1/31/2017 93.81 109.92 39.76 89.58
2/28/2017 99.67 115.95 43.64 97.11
3/31/2017 100.75 117.15 45.17 97.34
4/30/2017 104.55 120.37 47.32 99.36
5/31/2017 112.70 125.63 50.43 102.17
6/30/2017 111.39 126.30 51.01 103.43
7/31/2017 114.87 130.08 54.63 107.62
8/31/2017 118.13 131.71 54.84 108.25

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 9/21/2017

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 8/31/2017)

Morningstar 8/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
576
Category
Mid-Cap Growth
Performance Statistics
3Y
5Y
Alpha
2.24
-0.65
Information Ratio
0.42
-0.30
Sharpe Ratio
0.87
1.08
R-Squared
87.69
81.54
Standard Deviation
10.86
11.65
Sortino Ratio
0.41
0.53
Win Ratio
67.00
55.00
Loss Ratio
33.00
45.00
Beta
0.91
0.96
Tracking Error
3.94
5.03
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)
$15.20 B
$14.30 B
Median Market Cap (weighted)
$12.80 B
$12.50 B
Trailing P/E
31.40
27.54
Forward P/E
23.67
20.81
Price/Book
5.30
5.80
Return on Equity
17.11%
18.59%
Turnover Ratio
128.00%
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Top Issuers

(30.7% 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 Discovery Mid Cap Growth Fund Russell Midcap Growth Overweight / Underweight
United States 93.9% 99.5% -5.6%
Canada 3.6% - -
Ireland 0.5% - -
Developed Markets Discovery Mid Cap Growth Fund Russell Midcap Growth Overweight / Underweight
Americas 97.5% 99.5% -2.0%
Europe 0.5% - -
Equity Sector Discovery Mid Cap Growth Fund Russell Midcap Growth Overweight / Underweight
Information Technology 25.4% 27.7% -2.3%
Industrials 19.2% 16.5% 2.7%
Health Care 15.8% 15.1% 0.7%
Consumer Discretionary 14.9% 17.1% -2.1%
Financials 8.7% 6.9% 1.7%
Materials 6.3% 6.5% -0.3%
Real Estate 3.5% 3.5% 0.1%
Consumer Staples 3.0% 4.3% -1.3%
Energy 1.3% 2.2% -0.9%
Industry Discovery Mid Cap Growth Fund Russell Midcap Growth Overweight / Underweight
Software 9.0% 7.4% 1.6%
Hotels Restaurants & Leisure 8.3% 3.6% 4.7%
Health Care Equipment & Supplies 6.5% 4.8% 1.8%
IT Services 5.8% 8.0% -2.2%
Semiconductors & Semiconductor Equipment 5.0% 6.2% -1.2%
Capital Markets 4.3% 4.2% 0.1%
Life Sciences Tools & Services 4.2% 3.0% 1.1%
Electronic Equipment Instruments & Components 3.9% 2.8% 1.1%
Machinery 3.7% 4.5% -0.8%
Equity Real Estate Investment Trusts (REITs) 3.5% 3.3% 0.2%
Commercial Services & Supplies 3.2% 1.1% 2.1%
Building Products 3.2% 1.4% 1.8%
Chemicals 3.0% 2.5% 0.5%
Professional Services 2.9% 1.9% 1.0%
Banks 2.5% 1.0% 1.4%
Containers & Packaging 2.3% 2.6% -0.3%
Household Durables 2.2% 1.1% 1.1%
Internet Software & Services 1.8% 1.4% 0.3%
Food Products 1.7% 1.8% -0.1%
Health Care Providers & Services 1.6% 1.5% 0.0%
Asset Allocation Discovery Mid Cap Growth Fund Russell Midcap Growth Overweight / Underweight
Equity 98.1% 100.0% -1.9%
Net Cash and Equivalents 1.9% - -
Market Cap Discovery Mid Cap Growth Fund Russell Midcap Growth Overweight / Underweight
Mid 73.1% 72.7% 0.4%
Large 21.8% 23.2% -1.3%
Small 3.2% 4.2% -1.0%
  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. 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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