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Domestic Equity

Dividend Opportunity Fund

The Strategy typically invests in dividend-paying value stocks.

Investment Style
Dividend Value
Fund Inception
November 26, 2002
Total Assets (all classes) (as of 5/31/2017)
$261 million
Fund Index
Russell 3000 Value
NAV (as of 6/23/17)
  • A
$22.35

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
Dividend Opportunity Fund (NAV)
4.90% 15.37% 7.32% 9.15% 3.06% 8.00%
Cumulative
Annualized
ytd as of 6/23/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (with sales charge)
4.90% 8.74% 5.22% 7.86% 2.45% 7.55%
Cumulative
Annualized
ytd as of 6/23/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (NAV)
4.90% 13.20% 6.32% 11.62% 2.14% 7.94%
Cumulative
Annualized
ytd as of 6/23/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (with sales charge)
4.90% 6.69% 4.25% 10.31% 1.54% 7.50%
Gross Expense Ratio: 1.16% | Net Expense Ratio: 1.16%

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 Dividend Opportunity Fund Russell 3000 Value
2002 0.00% -
2003 39.67% 31.14%
2004 16.50% 16.94%
2005 9.12% 6.85%
2006 20.46% 22.34%
2007 4.01% -1.01%
2008 -46.94% -36.25%
2009 41.22% 19.76%
2010 19.34% 16.23%
2011 -10.84% -0.10%
2012 11.68% 17.55%
2013 23.45% 32.69%
2014 4.95% 12.70%
2015 0.24% -4.13%
2016 13.67% 18.40%

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 Dividend Opportunity Fund Russell 3000® Value Index MSCI World S&P 500
5/31/2007 0.00 0.00 0.00 0.00
6/30/2007 -1.53 -2.34 -0.77 -1.66
7/31/2007 -4.87 -7.17 -2.97 -4.71
8/31/2007 -4.73 -6.07 -3.04 -3.28
9/30/2007 -1.67 -3.07 1.57 0.34
10/31/2007 -1.95 -2.98 4.68 1.93
11/30/2007 -8.40 -7.92 0.40 -2.33
12/31/2007 -9.60 -8.80 -0.89 -3.01
1/31/2008 -15.75 -12.46 -8.46 -8.83
2/29/2008 -18.96 -16.11 -8.99 -11.79
3/31/2008 -20.55 -16.60 -9.87 -12.17
4/30/2008 -14.35 -12.65 -5.13 -7.89
5/31/2008 -14.35 -12.54 -3.68 -6.70
6/30/2008 -20.98 -20.91 -11.36 -14.56
7/31/2008 -22.75 -20.86 -13.53 -15.28
8/31/2008 -21.31 -19.32 -14.75 -14.06
9/30/2008 -29.96 -25.07 -24.89 -21.71
10/31/2008 -45.75 -38.22 -39.13 -34.86
11/30/2008 -51.94 -42.87 -43.07 -39.54
12/31/2008 -52.03 -41.86 -41.24 -38.89
1/31/2009 -53.06 -48.68 -46.39 -44.04
2/28/2009 -58.25 -55.56 -51.88 -50.00
3/31/2009 -54.19 -51.75 -48.25 -45.62
4/30/2009 -48.90 -46.38 -42.44 -40.42
5/31/2009 -44.93 -43.24 -37.23 -37.08
6/30/2009 -44.35 -43.64 -37.51 -36.96
7/31/2009 -40.28 -38.88 -32.22 -32.19
8/31/2009 -36.61 -35.70 -29.42 -29.74
9/30/2009 -33.92 -33.16 -26.61 -27.12
10/31/2009 -35.78 -35.40 -27.91 -28.48
11/30/2009 -33.19 -31.88 -24.97 -24.19
12/31/2009 -32.26 -30.37 -23.62 -22.72
1/31/2010 -35.03 -32.34 -26.78 -25.50
2/28/2010 -33.00 -30.12 -25.74 -23.19
3/31/2010 -27.96 -25.47 -21.15 -18.56
4/30/2010 -26.77 -23.26 -21.13 -17.27
5/31/2010 -32.75 -29.59 -28.69 -23.88
6/30/2010 -37.06 -33.73 -31.13 -27.86
7/31/2010 -31.32 -29.23 -25.55 -22.81
8/31/2010 -35.72 -32.44 -28.33 -26.29
9/30/2010 -29.44 -27.04 -21.65 -19.72
10/31/2010 -25.88 -24.80 -18.73 -16.66
11/30/2010 -25.78 -25.02 -20.48 -16.65
12/31/2010 -19.16 -19.08 -14.63 -11.08
1/31/2011 -17.33 -17.39 -12.71 -8.97
2/28/2011 -15.00 -14.25 -9.65 -5.85
3/31/2011 -14.31 -13.84 -10.54 -5.82
4/30/2011 -11.59 -11.62 -6.74 -3.03
5/31/2011 -12.68 -12.61 -8.68 -4.13
6/30/2011 -15.30 -14.43 -10.12 -5.72
7/31/2011 -17.92 -17.27 -11.75 -7.64
8/31/2011 -25.68 -22.61 -17.97 -12.66
9/30/2011 -33.40 -28.66 -25.05 -18.80
10/31/2011 -25.83 -20.33 -17.30 -9.92
11/30/2011 -27.91 -20.73 -19.32 -10.12
12/31/2011 -27.92 -19.16 -19.36 -9.20
1/31/2012 -24.15 -15.92 -15.32 -5.13
2/29/2012 -21.72 -12.73 -11.18 -1.03
3/31/2012 -20.62 -10.14 -10.04 2.23
4/30/2012 -22.61 -11.08 -11.06 1.58
5/31/2012 -28.66 -16.32 -18.74 -4.52
6/30/2012 -26.18 -12.17 -14.60 -0.59
7/31/2012 -25.68 -11.40 -13.50 0.79
8/31/2012 -23.65 -9.42 -11.31 3.06
9/30/2012 -21.57 -6.51 -8.87 5.73
10/31/2012 -21.81 -7.03 -9.49 3.77
11/30/2012 -21.22 -7.04 -8.33 4.38
12/31/2012 -19.50 -4.97 -6.60 5.33
1/31/2013 -15.40 1.17 -1.85 10.78
2/28/2013 -15.60 2.60 -1.68 12.29
3/31/2013 -12.26 6.68 0.62 16.50
4/30/2013 -11.16 8.16 3.79 18.74
5/31/2013 -10.41 10.97 3.83 21.52
6/30/2013 -11.86 10.03 1.27 19.89
7/31/2013 -7.72 16.06 6.60 25.99
8/31/2013 -11.16 11.60 4.33 22.34
9/30/2013 -7.82 14.68 9.55 26.18
10/31/2013 -4.23 19.60 13.84 31.98
11/30/2013 -2.33 23.04 15.86 36.00
12/31/2013 -0.62 26.09 18.31 39.44
1/31/2014 -5.28 21.58 13.93 34.62
2/28/2014 -2.24 26.86 19.63 40.78
3/31/2014 -0.52 29.78 19.81 41.96
4/30/2014 1.01 30.64 21.03 43.01
5/31/2014 2.85 32.47 23.42 46.37
6/30/2014 5.30 36.12 25.62 49.39
7/31/2014 4.11 33.32 23.62 47.33
8/31/2014 6.48 38.29 26.34 53.23
9/30/2014 4.00 34.93 22.91 51.08
10/31/2014 4.68 38.44 23.71 54.77
11/30/2014 5.40 41.01 26.19 58.93
12/31/2014 4.30 42.10 24.15 58.53
1/31/2015 2.84 36.40 21.90 53.77
2/28/2015 7.63 42.98 29.05 62.61
3/31/2015 6.65 41.37 27.03 60.04
4/30/2015 8.95 42.35 30.00 61.57
5/31/2015 9.95 44.02 30.45 63.65
6/30/2015 6.91 41.38 27.42 60.48
7/31/2015 8.86 41.62 29.71 63.84
8/31/2015 3.16 33.31 21.12 53.96
9/30/2015 0.26 29.23 16.66 50.15
10/31/2015 7.27 38.78 25.90 62.81
11/30/2015 6.95 39.58 25.27 63.30
12/31/2015 4.55 36.23 23.07 60.72
1/31/2016 0.49 29.03 15.71 52.75
2/29/2016 -0.26 29.06 14.85 52.54
3/31/2016 6.58 38.47 22.64 62.89
4/30/2016 8.68 41.38 24.58 63.52
5/31/2016 9.21 43.61 25.28 66.46
6/30/2016 10.27 44.79 23.88 66.89
7/31/2016 13.84 49.26 29.11 73.04
8/31/2016 14.01 50.60 29.22 73.29
9/30/2016 14.40 50.40 29.90 73.32
10/31/2016 12.66 47.87 27.39 70.16
11/30/2016 17.13 57.16 29.22 76.46
12/31/2016 18.84 61.30 32.31 79.95
1/31/2017 19.72 62.26 35.51 83.36
2/28/2017 23.25 67.81 39.27 90.64
3/31/2017 22.96 66.12 40.75 90.86
4/30/2017 23.24 65.89 42.83 92.82
5/31/2017 23.63 65.33 45.86 95.54
Date Dividends
12/17/2007 0.1011
12/15/2008 0.1855
12/14/2009 0.1394
12/14/2011 0.0471
12/12/2012 0.0968
12/5/2013 0.2441
12/30/2013 0.0512
3/19/2014 0.1372
6/18/2014 0.1585
9/17/2014 0.1413
12/2/2014 0.1182
3/17/2015 0.1294
6/16/2015 0.1312
9/22/2015 0.1314
12/1/2015 0.121
3/22/2016 0.1297
6/21/2016 0.1354
9/20/2016 0.1408
12/1/2016 0.2201
3/21/2017 0.137
6/20/2017 0.1379

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

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 6/23/2017

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 5/31/2017)

Morningstar 5/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
1082
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
0.07
-0.45
Information Ratio
-0.37
-0.89
Upside Capture
78.10
81.21
Downside Capture
75.24
82.66
Sharpe Ratio
0.69
1.26
R-Squared
89.54
89.84
Standard Deviation
9.21
8.98
Sortino Ratio
0.36
0.68
Win Ratio
50.00
42.00
Loss Ratio
50.00
58.00
Beta
0.81
0.84
Tracking Error
3.62
3.31
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
6/20/2017
Per Share ($)
$0.14
Net Income
87.90%
Net Profit from Sale
0.00%
Other Capital Sources
12.10%
12-Month Distribution ($)
$0.63
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$97.80 B
$109.10 B
Median Market Cap (weighted)
$39.20 B
$50.80 B
Trailing P/E
18.03
20.03
Forward P/E
14.82
16.20
Price/Book
2.04
1.96
Return on Equity
12.17%
9.66%
Turnover Ratio
47.00%
-
Yields
Dividend Yield (with sales charge)
2.35%
Dividend Yield (w/o sales charge)
2.49%
Standardized Yield
2.41%

Top Issuers

(37.4% of assets as of 05/31/17)


Portfolio Holdings Breakdown

Country 7
Developed Markets 7
Emerging Markets 7
Equity Sector 7
Industry 7
Asset Allocation 7
Market Cap 8
Country Dividend Opportunity Fund Russell 3000 Value Overweight / Underweight
United States 67.3% 99.8% -32.5%
United Kingdom 12.0% 0.0% 11.9%
Japan 5.0% - -
Canada 3.9% 0.1% 3.7%
Spain 1.5% - -
Switzerland 1.4% - -
Germany 1.4% - -
Italy 1.1% - -
Israel 0.9% 0.0% 0.9%
New Zealand 0.8% - -
Finland 0.8% - -
France 0.8% - -
Portugal 0.7% - -
Denmark 0.6% - -
Chile 0.6% - -
Developed Markets Dividend Opportunity Fund Russell 3000 Value Overweight / Underweight
Americas 71.2% 99.9% -28.7%
Europe 20.1% 0.0% 20.0%
Asia Pacific 5.7% 0.0% 5.7%
Middle East 0.9% 0.0% 0.9%
Emerging Markets Dividend Opportunity Fund Russell 3000 Value Overweight / Underweight
Americas 0.6% 0.0% 0.6%
Equity Sector Dividend Opportunity Fund Russell 3000 Value Overweight / Underweight
Financials 21.6% 26.4% -4.8%
Industrials 14.9% 10.6% 4.4%
Energy 10.4% 10.9% -0.5%
Information Technology 10.0% 10.3% -0.2%
Health Care 8.7% 10.7% -2.0%
Consumer Discretionary 6.7% 5.0% 1.8%
Utilities 6.4% 6.6% -0.2%
Consumer Staples 6.4% 8.3% -1.9%
Telecommunication Services 5.0% 3.2% 1.8%
Materials 4.9% 3.0% 1.9%
Real Estate 3.4% 5.1% -1.7%
Industry Dividend Opportunity Fund Russell 3000 Value Overweight / Underweight
Banks 12.1% 12.5% -0.4%
Oil Gas & Consumable Fuels 9.6% 9.1% 0.5%
Pharmaceuticals 7.4% 5.9% 1.5%
Diversified Telecommunication Services 4.6% 3.1% 1.5%
Electric Utilities 4.4% 3.9% 0.6%
Insurance 4.3% 5.2% -0.9%
Capital Markets 4.2% 3.9% 0.3%
Equity Real Estate Investment Trusts (REITs) 3.4% 4.9% -1.5%
Technology Hardware Storage & Peripherals 3.4% 1.5% 1.9%
Tobacco 2.7% 1.6% 1.2%
Machinery 2.5% 2.5% 0.0%
Hotels Restaurants & Leisure 2.4% 0.9% 1.6%
Aerospace & Defense 2.4% 1.8% 0.6%
Electrical Equipment 2.4% 0.8% 1.6%
Semiconductors & Semiconductor Equipment 2.4% 3.1% -0.8%
Metals & Mining 2.3% 0.8% 1.5%
Chemicals 2.1% 1.7% 0.4%
Trading Companies & Distributors 2.1% 0.2% 1.9%
Multi-Utilities 1.9% 2.0% -0.1%
Software 1.7% 1.7% 0.0%
Asset Allocation Dividend Opportunity Fund Russell 3000 Value Overweight / Underweight
Equity 98.5% 100.0% -1.5%
Market Cap Dividend Opportunity Fund Russell 3000 Value Overweight / Underweight
Large 71.9% 70.5% 1.4%
Mid 21.9% 19.8% 2.1%
Small 4.7% 9.7% -5.0%
  1. 1. Effective on 12/11/13, the Fund mainly invests in dividend paying stocks that the portfolio manager believes are undervalued. Performance prior to 12/11/13 is not indicative of performance for any subsequent periods.
  2. 2. Special Risks:  There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Value investing involves the risk that undervalued securities may not appreciate as anticipated. 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. 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.
  3. 3. 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.
  4. 4. Access index definitions.
  5. 5. The dividend (or distribution) yield is based on the pay date immediately preceding the nearest month-end or quarter-end. The dividend yield for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date. For the Class A dividend yield with sales charge, the annualized Class A dividend distribution is divided by the Class A maximum offering price on that date. Each result is compounded semiannually and annualized. Falling share prices artificially increase yields.
  6. 6. Standardized yield for each share class is based on an SEC standardized formula designed to approximate a Fund's annualized hypothetical current income from securities less expenses for the 30-day period ending and including the most recent month-end or quarter-end and either that date's maximum offering price (Class A shares) or net asset value (for other share classes). The month-end figure is typically calculated on the fifth business day of the next month. The result is compounded semiannually and annualized. Falling share prices artificially increase yields.
  7. 7. 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.
  8. 8. 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.
  9. 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. ↩
  10. 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. ↩
  11. 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. ↩
  12. D. There is no guarantee of the payment of any dividend or other distributions at any level. ↩
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