U.S. Flag United States
Registered Investment Advisor
Ă—

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 5/31/2017)
$542 million
Fund Index
MSCI AC World
NAV (as of 6/21/17)
  • A
$48.31

Equity

Fixed Income

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

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 6/21/17
  • C
1 yr 3 yr 5 yr since inception
Global Value Fund (NAV)
8.07% 16.07% 12.82% 1.45% 8.79% 5.31%
Cumulative
Annualized
3 mo ytd as of 6/21/17
  • C
1 yr 3 yr 5 yr since inception
Global Value Fund (NAV)
6.16% 16.07% 17.49% 3.78% 13.80% 5.87%
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
5/31/2012 0.00 0.00 0.00
6/30/2012 5.19 4.94 4.12
7/31/2012 5.90 6.38 5.57
8/31/2012 11.56 8.69 7.94
9/30/2012 17.41 12.11 10.73
10/31/2012 17.06 11.36 8.69
11/30/2012 18.16 12.79 9.32
12/31/2012 22.84 15.34 10.32
1/31/2013 32.15 20.66 16.03
2/28/2013 32.35 20.64 17.60
3/31/2013 35.22 22.84 22.02
4/30/2013 39.47 26.35 24.37
5/31/2013 44.65 26.01 27.28
6/30/2013 42.10 22.32 25.57
7/31/2013 52.87 28.18 31.96
8/31/2013 51.02 25.51 28.13
9/30/2013 61.87 31.99 32.15
10/31/2013 66.98 37.30 38.23
11/30/2013 69.22 39.24 42.44
12/31/2013 75.14 41.64 46.04
1/31/2014 65.26 35.98 41.00
2/28/2014 73.45 42.55 47.45
3/31/2014 71.21 43.18 48.68
4/30/2014 65.38 44.54 49.78
5/31/2014 69.71 47.62 53.30
6/30/2014 71.48 50.40 56.47
7/31/2014 63.14 48.57 54.31
8/31/2014 68.26 51.86 60.48
9/30/2014 60.34 46.93 58.23
10/31/2014 62.59 47.97 62.10
11/30/2014 68.26 50.44 66.46
12/31/2014 66.73 47.54 66.04
1/31/2015 58.80 45.23 61.05
2/28/2015 71.18 53.32 70.31
3/31/2015 69.09 50.94 67.61
4/30/2015 71.90 55.32 69.22
5/31/2015 75.18 55.12 71.40
6/30/2015 70.21 51.47 68.08
7/31/2015 73.90 52.78 71.60
8/31/2015 57.11 42.31 61.25
9/30/2015 52.75 37.15 57.26
10/31/2015 68.17 47.92 70.52
11/30/2015 69.53 46.69 71.03
12/31/2015 65.65 44.05 68.33
1/31/2016 49.46 35.36 59.98
2/29/2016 46.98 34.43 59.76
3/31/2016 57.64 44.39 70.60
4/30/2016 57.24 46.52 71.26
5/31/2016 60.60 46.71 74.34
6/30/2016 53.27 45.82 74.79
7/31/2016 63.60 52.10 81.24
8/31/2016 65.33 52.62 81.49
9/30/2016 67.61 53.55 81.52
10/31/2016 61.08 50.95 78.21
11/30/2016 63.20 52.09 84.81
12/31/2016 64.29 55.38 88.47
1/31/2017 71.42 59.63 92.04
2/28/2017 77.43 64.10 99.67
3/31/2017 77.43 66.11 99.90
4/30/2017 83.19 68.70 101.95
5/31/2017 88.24 72.43 104.79

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 6/22/2017

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 5/31/2017)

Morningstar 5/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
712
Category
World Large Stock
Performance Statistics
3Y
5Y
Alpha
-2.62
-0.70
Information Ratio
-0.24
0.35
Upside Capture
126.98
123.50
Downside Capture
150.24
128.23
Sharpe Ratio
0.30
0.97
R-Squared
86.75
83.59
Standard Deviation
15.17
14.26
Sortino Ratio
0.13
0.47
Beta
1.31
1.29
Tracking Error
6.44
6.47
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/4/2014
Per Share ($)
$0.00
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$84.70 B
$113.70 B
Median Market Cap (weighted)
$18.70 B
$49.00 B
Trailing P/E
38.55
20.19
Forward P/E
24.14
16.11
Price/Book
2.45
2.28
Debt to Capital Ratio
40.42
43.86
Turnover Ratio
89.00%
-

Top Issuers

(67.9% of assets as of 05/31/17)


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 64.0% 52.5% 11.5%
China 7.4% 3.1% 4.4%
France 6.8% 3.5% 3.2%
Sweden 4.4% 1.0% 3.4%
Japan 4.3% 7.7% -3.3%
Denmark 4.2% 0.6% 3.6%
United Kingdom 3.2% 6.0% -2.8%
Germany 2.8% 3.2% -0.3%
Switzerland 1.9% 3.0% -1.1%
South Africa 0.8% 0.8% 0.0%
Developed Markets Global Value Fund MSCI AC World Overweight / Underweight
Americas 64.0% 55.6% 8.4%
Europe 23.2% 21.5% 1.7%
Asia Pacific 4.3% 11.6% -7.2%
Emerging Markets Global Value Fund MSCI AC World Overweight / Underweight
Asia Pacific 7.4% 8.1% -0.6%
Africa 0.8% 0.8% 0.0%
Equity Sector Global Value Fund MSCI AC World Overweight / Underweight
Information Technology 23.6% 17.1% 6.5%
Consumer Discretionary 22.2% 12.3% 9.9%
Health Care 22.0% 11.2% 10.8%
Financials 20.9% 17.9% 3.0%
Industrials 4.7% 10.8% -6.1%
Telecommunication Services 3.3% 3.4% -0.1%
Materials 3.1% 5.2% -2.1%
Industry Global Value Fund MSCI AC World Overweight / Underweight
Media 15.6% 2.5% 13.1%
Internet Software & Services 14.8% 3.8% 11.1%
Banks 7.7% 9.9% -2.1%
Pharmaceuticals 6.2% 5.4% 0.8%
Biotechnology 6.1% 1.8% 4.3%
Health Care Equipment & Supplies 5.8% 1.8% 4.0%
Capital Markets 5.6% 2.5% 3.1%
Software 5.5% 3.2% 2.3%
Diversified Financial Services 4.4% 0.9% 3.4%
Professional Services 3.9% 0.6% 3.4%
IT Services 3.3% 2.5% 0.8%
Insurance 3.2% 4.0% -0.8%
Internet & Direct Marketing Retail 3.1% 1.6% 1.5%
Chemicals 3.1% 2.8% 0.3%
Distributors 2.6% 0.1% 2.5%
Diversified Telecommunication Services 2.5% 2.3% 0.3%
Life Sciences Tools & Services 2.4% 0.5% 1.9%
Health Care Technology 1.4% 0.1% 1.3%
Textiles Apparel & Luxury Goods 0.9% 1.1% -0.1%
Machinery 0.8% 1.8% -1.0%
Asset Allocation Global Value Fund MSCI AC World Overweight / Underweight
Equity 99.8% 100.0% -0.2%
Market Cap Global Value Fund MSCI AC World Overweight / Underweight
Large 61.3% 88.0% -26.7%
Mid 22.5% 11.9% 10.6%
Small 15.9% 0.1% 15.8%
  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 p.m. 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. ↩
Ă—
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )