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Global Equity

Global Value Fund

The Strategy invests in a mix of undervalued U.S. and foreign stocks.

Investment Style
Global Value
Fund Inception
October 1, 2007
Total Assets (all classes) (as of 8/31/2017)
$574 million
Fund Index
MSCI AC World
NAV (as of 9/19/17)
  • A
$51.70

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
3 mo ytd as of 9/19/17
  • C
1 yr 3 yr 5 yr since inception
Global Value Fund (NAV)
8.09% 24.22% 25.34% 4.04% 13.05% 6.01%
Cumulative
Annualized
3 mo ytd as of 9/19/17
  • C
1 yr 3 yr 5 yr since inception
Global Value Fund (NAV)
7.27% 24.22% 22.36% 6.52% 12.89% 6.47%
Gross Expense Ratio: 1.05% | Net Expense Ratio: 1.05%

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 Global Value Fund MSCI AC World
2007 0.00% -
2008 -46.83% -42.19%
2009 74.41% 34.63%
2010 26.03% 12.67%
2011 -7.63% -7.35%
2012 19.91% 16.13%
2013 42.98% 22.80%
2014 -4.57% 4.16%
2015 -0.38% -2.36%
2016 -0.60% 7.86%

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 Global Value Fund MSCI ACWI S&P 500
8/31/2012 0.00 0.00 0.00
9/30/2012 5.25 3.15 2.58
10/31/2012 4.93 2.46 0.69
11/30/2012 5.92 3.77 1.27
12/31/2012 10.11 6.12 2.20
1/31/2013 18.46 11.01 7.49
2/28/2013 18.64 10.99 8.95
3/31/2013 21.21 13.02 13.04
4/30/2013 25.02 16.25 15.21
5/31/2013 29.67 15.93 17.91
6/30/2013 27.38 12.55 16.33
7/31/2013 37.03 17.93 22.24
8/31/2013 35.38 15.48 18.70
9/30/2013 45.10 21.44 22.43
10/31/2013 49.68 26.32 28.05
11/30/2013 51.69 28.11 31.96
12/31/2013 57.00 30.32 35.30
1/31/2014 48.14 25.11 30.62
2/28/2014 55.48 31.15 36.59
3/31/2014 53.47 31.73 37.74
4/30/2014 48.25 32.99 38.76
5/31/2014 52.13 35.82 42.02
6/30/2014 53.72 38.37 44.95
7/31/2014 46.24 36.70 42.95
8/31/2014 50.83 39.72 48.67
9/30/2014 43.73 35.18 46.59
10/31/2014 45.75 36.14 50.17
11/30/2014 50.83 38.41 54.21
12/31/2014 49.46 35.74 53.82
1/31/2015 42.35 33.62 49.20
2/28/2015 53.44 41.06 57.77
3/31/2015 51.58 38.87 55.28
4/30/2015 54.09 42.90 56.77
5/31/2015 57.03 42.72 58.78
6/30/2015 52.58 39.36 55.71
7/31/2015 55.89 40.57 58.97
8/31/2015 40.84 30.93 49.38
9/30/2015 36.92 26.19 45.69
10/31/2015 50.75 36.09 57.97
11/30/2015 51.97 34.97 58.44
12/31/2015 48.49 32.53 55.95
1/31/2016 33.98 24.54 48.21
2/29/2016 31.75 23.68 48.01
3/31/2016 41.31 32.85 58.05
4/30/2016 40.95 34.81 58.66
5/31/2016 43.96 34.98 61.51
6/30/2016 37.39 34.16 61.93
7/31/2016 46.66 39.94 67.90
8/31/2016 48.20 40.42 68.13
9/30/2016 50.25 41.28 68.17
10/31/2016 44.39 38.88 65.10
11/30/2016 46.30 39.93 71.21
12/31/2016 47.27 42.96 74.60
1/31/2017 53.66 46.87 77.91
2/28/2017 59.05 50.99 84.97
3/31/2017 59.05 52.83 85.19
4/30/2017 64.22 55.21 87.09
5/31/2017 68.74 58.64 89.72
6/30/2017 71.79 59.36 90.91
7/31/2017 80.38 63.82 94.83
8/31/2017 80.88 64.44 95.43

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 9/19/2017

Date 2012 2013 2014 2015 2016
Short Term 0.2156
Long Term 0.5300
Total Amount of Distribution 0.7455
Record Date 12/3/14
Ex Div Date 12/4/14
Pay Date 12/4/14

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
711
Category
World Large Stock
Performance Statistics
3Y
5Y
Alpha
-0.31
-0.34
Information Ratio
0.15
0.38
Upside Capture
133.97
125.47
Downside Capture
141.11
128.23
Sharpe Ratio
0.48
0.92
R-Squared
87.58
83.79
Standard Deviation
15.02
14.13
Sortino Ratio
0.21
0.44
Beta
1.31
1.30
Tracking Error
6.22
6.40
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/4/2014
Per Share ($)
$0.00
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$90.30 B
$118.40 B
Median Market Cap (weighted)
$28.40 B
$50.10 B
Trailing P/E
36.49
19.58
Forward P/E
25.77
16.02
Price/Book
2.65
2.28
Debt to Capital Ratio
38.08
43.98
Turnover Ratio
59.00%
-

Top Issuers

(70.0% of assets as of 08/31/17)


Portfolio Holdings Breakdown

Country 4
Developed Markets 4
Emerging Markets 4
Equity Sector 4
Industry 4
Asset Allocation 4
Market Cap 5
Country Global Value Fund MSCI AC World Overweight / Underweight
United States 63.7% 52.1% 11.6%
China 9.9% 3.4% 6.5%
France 6.9% 3.5% 3.4%
Germany 4.6% 3.1% 1.5%
Japan 4.1% 7.7% -3.6%
Denmark 4.0% 0.6% 3.4%
United Kingdom 2.9% 5.8% -2.9%
Switzerland 2.1% 2.7% -0.6%
Sweden 2.0% 1.0% 1.0%
Developed Markets Global Value Fund MSCI AC World Overweight / Underweight
Americas 63.7% 55.2% 8.5%
Europe 22.5% 21.1% 1.4%
Asia Pacific 4.1% 11.7% -7.6%
Emerging Markets Global Value Fund MSCI AC World Overweight / Underweight
Asia Pacific 9.9% 8.5% 1.4%
Equity Sector Global Value Fund MSCI AC World Overweight / Underweight
Information Technology 31.6% 17.6% 14.0%
Health Care 22.4% 11.2% 11.2%
Consumer Discretionary 20.1% 11.9% 8.2%
Financials 17.9% 18.5% -0.6%
Industrials 4.4% 10.7% -6.4%
Telecommunication Services 2.3% 3.2% -0.9%
Materials 1.5% 5.4% -3.9%
Industry Global Value Fund MSCI AC World Overweight / Underweight
Internet Software & Services 18.0% 3.9% 14.1%
Media 15.4% 2.4% 13.0%
Software 7.5% 3.3% 4.2%
Banks 6.8% 10.3% -3.5%
Pharmaceuticals 6.3% 5.2% 1.2%
IT Services 5.8% 2.6% 3.2%
Health Care Equipment & Supplies 5.7% 1.8% 3.9%
Capital Markets 5.7% 2.6% 3.1%
Biotechnology 5.4% 2.0% 3.5%
Internet & Direct Marketing Retail 4.7% 1.6% 3.1%
Life Sciences Tools & Services 3.8% 0.5% 3.3%
Insurance 3.7% 4.0% -0.3%
Professional Services 3.7% 0.5% 3.1%
Diversified Telecommunication Services 2.3% 2.2% 0.2%
Diversified Financial Services 1.7% 1.0% 0.7%
Chemicals 1.5% 2.7% -1.3%
Health Care Technology 1.2% 0.1% 1.1%
Machinery 0.7% 1.8% -1.1%
Technology Hardware Storage & Peripherals 0.3% 3.2% -2.9%
Asset Allocation Global Value Fund MSCI AC World Overweight / Underweight
Equity 100.2% 100.0% 0.2%
Market Cap Global Value Fund MSCI AC World Overweight / Underweight
Large 64.3% 87.3% -22.9%
Mid 19.1% 12.6% 6.5%
Small 16.7% 0.1% 16.6%
  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. 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. 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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