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Global Equity

Global Opportunities Fund

The Strategy typically invests opportunistically in both U.S. and foreign stocks.

Investment Style
Global Opportunity
Fund Inception
January 27, 2012
Total Assets (all classes) (as of 9/30/2017)
$5.85 billion
Fund Index
MSCI AC World
NAV (as of 10/20/17)
  • A
$63.43
performance
analytics
holdings
as of 9/30/2017
  • B
as of 9/30/2017
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 10/20/17
  • C
1 yr 3 yr 5 yr since inception
Global Opportunities Fund (NAV)
7.07% 36.38% 31.01% 20.54% 18.33% 16.24%
Cumulative
Annualized
3 mo ytd as of 10/20/17
  • C
1 yr 3 yr 5 yr since inception
Global Opportunities Fund (NAV)
7.07% 36.38% 31.01% 20.54% 18.33% 16.24%
Gross Expense Ratio: 0.75% | Net Expense Ratio: 0.75%

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 Global Opportunities Fund MSCI AC World
2012 0.00% 16.13%
2013 41.31% 22.80%
2014 -3.04% 4.16%
2015 14.44% -2.36%
2016 11.16% 7.86%

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 Global Opportunities Fund MSCI ACWI S&P 500
9/30/2012 0.00 0.00 0.00
10/31/2012 -3.69 -0.67 -1.85
11/30/2012 -3.76 0.60 -1.28
12/31/2012 -0.59 2.88 -0.38
1/31/2013 3.77 7.62 4.78
2/28/2013 1.85 7.60 6.21
3/31/2013 6.78 9.57 10.19
4/30/2013 8.27 12.70 12.31
5/31/2013 12.26 12.39 14.94
6/30/2013 12.70 9.11 13.39
7/31/2013 18.98 14.33 19.16
8/31/2013 20.23 11.95 15.71
9/30/2013 29.97 17.73 19.34
10/31/2013 29.39 22.46 24.83
11/30/2013 37.27 24.20 28.63
12/31/2013 40.48 26.34 31.89
1/31/2014 41.02 21.29 27.33
2/28/2014 48.63 27.15 33.15
3/31/2014 42.64 27.71 34.27
4/30/2014 35.65 28.93 35.27
5/31/2014 37.71 31.67 38.44
6/30/2014 42.64 34.15 41.30
7/31/2014 32.06 32.52 39.35
8/31/2014 39.80 35.45 44.93
9/30/2014 32.44 31.06 42.89
10/31/2014 34.33 31.98 46.38
11/30/2014 39.09 34.19 50.32
12/31/2014 36.21 31.60 49.94
1/31/2015 35.91 29.54 45.44
2/28/2015 42.38 36.75 53.80
3/31/2015 38.66 34.63 51.37
4/30/2015 36.25 38.54 52.82
5/31/2015 43.29 38.36 54.78
6/30/2015 45.78 35.10 51.79
7/31/2015 48.67 36.27 54.97
8/31/2015 38.29 26.93 45.62
9/30/2015 35.98 22.33 42.02
10/31/2015 42.27 31.94 54.00
11/30/2015 55.24 30.85 54.45
12/31/2015 55.88 28.49 52.02
1/31/2016 38.46 20.74 44.47
2/29/2016 35.60 19.91 44.28
3/31/2016 49.13 28.79 54.07
4/30/2016 55.33 30.69 54.66
5/31/2016 62.04 30.86 57.44
6/30/2016 55.12 30.07 57.85
7/31/2016 69.07 35.67 63.67
8/31/2016 71.89 36.13 63.90
9/30/2016 77.05 36.96 63.93
10/31/2016 64.63 34.64 60.94
11/30/2016 68.69 35.66 66.90
12/31/2016 73.28 38.59 70.20
1/31/2017 79.95 42.38 73.43
2/28/2017 87.74 46.37 80.31
3/31/2017 105.47 48.17 80.52
4/30/2017 108.71 50.47 82.38
5/31/2017 118.40 53.80 84.94
6/30/2017 116.65 54.50 86.10
7/31/2017 126.41 58.81 89.92
8/31/2017 122.87 59.42 90.51
9/30/2017 131.96 62.50 94.44

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 10/22/2017

Date 2012 2013 2014 2015 2016
Short Term 0.3151
Long Term 0.2496 3.1737
Total Amount of Distribution 0.2496 3.4888
Record Date 12/10/15 12/8/16
Ex Div Date 12/11/15 12/9/16
Pay Date 12/11/15 12/9/16

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

Analytics

(As of 9/30/2017)

Morningstar 9/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
119
Category
World Small/Mid Stock
Performance Statistics
3Y
5Y
Alpha
11.69
7.54
Beta
1.09
1.03
Information Ratio
1.15
0.71
R-Squared
50.76
44.81
Sharpe Ratio
1.22
1.17
Standard Deviation
16.20
15.35
Upside Capture
154.70
129.97
Downside Capture
78.06
82.31
Sortino Ratio
0.60
0.57
Tracking Error
11.40
11.40
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/9/2016
Per Share ($)
$0.34
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.34
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$11.80 B
$118.10 B
Median Market Cap (weighted)
$5.60 B
$51.90 B
P/E Ratio (NTM)
40.20
16.14
P/E Ratio (LTM)
29.77
18.91
Price/Book
4.72
2.31
Return on Equity
12.12%
14.46%
EPS Growth Rate 3Y
10.00%
5.65%
EPS Growth Rate 5Y
8.53%
6.93%
Sales Growth Rate 3Y
7.62%
-
Sales Growth Rate 5Y
8.58%
-
Turnover Ratio
26.00%
-

Top Issuers

(41.6% of assets as of 09/30/17)


Portfolio Holdings Breakdown

Country 5
Developed Markets 5
Emerging Markets 5
Equity Sector 5
Industry 5
Asset Allocation 5
Market Cap 6
Country Global Opportunities Fund MSCI AC World Overweight / Underweight
United States 42.7% 52.0% -9.3%
United Kingdom 11.7% 6.0% 5.8%
Japan 7.9% 7.6% 0.3%
Germany 7.4% 3.2% 4.2%
Denmark 6.9% 0.6% 6.3%
France 4.5% 3.6% 0.9%
Spain 3.5% 1.1% 2.3%
Italy 3.1% 0.8% 2.3%
Canada 0.8% 3.3% -2.5%
Norway 0.7% 0.2% 0.4%
Belgium 0.7% 0.4% 0.3%
Sweden 0.6% 1.0% -0.4%
Finland 0.5% 0.3% 0.2%
Portugal 0.5% 0.1% 0.4%
New Zealand 0.5% 0.1% 0.4%
Israel 0.5% 0.2% 0.3%
China 0.3% 3.4% -3.1%
Argentina 0.2% - -
Developed Markets Global Opportunities Fund MSCI AC World Overweight / Underweight
Americas 43.5% 55.3% -11.8%
Europe 40.0% 21.5% 18.5%
Asia Pacific 8.4% 11.5% -3.1%
Middle East 0.5% 0.2% 0.3%
Emerging Markets Global Opportunities Fund MSCI AC World Overweight / Underweight
Asia Pacific 0.3% 8.4% -8.1%
Americas 0.2% 1.5% -1.3%
Equity Sector Global Opportunities Fund MSCI AC World Overweight / Underweight
Information Technology 28.3% 17.6% 10.8%
Health Care 28.3% 11.2% 17.2%
Consumer Discretionary 15.9% 11.9% 4.0%
Industrials 12.3% 10.8% 1.5%
Materials 3.7% 5.3% -1.7%
Financials 2.8% 18.7% -15.9%
Consumer Staples 2.6% 8.8% -6.2%
Real Estate 1.6% 3.1% -1.5%
Telecommunication Services 0.4% 3.2% -2.8%
Broad Market -3.1% - -
Industry Global Opportunities Fund MSCI AC World Overweight / Underweight
Pharmaceuticals 12.5% 5.2% 7.3%
Semiconductors & Semiconductor Equipment 8.7% 3.0% 5.8%
Software 8.7% 3.3% 5.4%
Biotechnology 7.1% 2.0% 5.1%
Electronic Equipment Instruments & Components 5.3% 1.1% 4.2%
Health Care Equipment & Supplies 4.2% 1.9% 2.3%
Internet & Direct Marketing Retail 3.9% 1.5% 2.4%
Chemicals 3.3% 2.8% 0.5%
Life Sciences Tools & Services 3.1% 0.5% 2.6%
Machinery 3.0% 1.9% 1.1%
Textiles Apparel & Luxury Goods 2.9% 1.0% 1.9%
Aerospace & Defense 2.8% 1.7% 1.0%
Capital Markets 2.3% 2.7% -0.4%
Specialty Retail 2.2% 1.4% 0.8%
Household Durables 2.2% 0.7% 1.5%
Internet Software & Services 2.2% 3.9% -1.8%
Commercial Services & Supplies 2.1% 0.4% 1.7%
Media 2.1% 2.3% -0.1%
Technology Hardware Storage & Peripherals 1.9% 3.0% -1.1%
Electrical Equipment 1.9% 0.8% 1.1%
Asset Allocation Global Opportunities Fund MSCI AC World Overweight / Underweight
Equity 92.8% 100.0% -7.2%
Net Cash and Equivalents 7.2% - -
Market Cap Global Opportunities Fund MSCI AC World Overweight / Underweight
Mid 40.9% 12.3% 28.6%
Small 30.7% 0.1% 30.6%
Large 24.2% 87.6% -63.3%
  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. Eurozone investments may be subject to volatility and liquidity issues. 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. Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Below-investment-grade (“high yield” or "junk") bonds are more at risk of default and are subject to liquidity risk. 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. 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.
  4. 4. Access index definitions.
  5. 5. 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.
  6. 6. 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.
  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 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.
  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.
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