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Domestic Equity

Mid Cap Value Fund

The Strategy typically invests in mid-sized value stocks.

Investment Style
Mid Cap Value
Fund Inception
January 3, 1989
Total Assets (all classes) (as of 7/31/2017)
$1.38 billion
Fund Index
Russell Midcap Value
NAV (as of 8/18/17)
  • A
$55.08

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 7/31/2017
  • B
as of 6/30/2017
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 8/18/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
2.22% 17.98% 6.01% 14.24% 3.95% 9.94%
Cumulative
Annualized
ytd as of 8/18/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (with sales charge)
2.22% 11.21% 3.94% 12.89% 3.33% 9.71%
Cumulative
Annualized
ytd as of 8/18/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (NAV)
2.22% 15.36% 7.89% 14.72% 4.64% 9.97%
Cumulative
Annualized
ytd as of 8/18/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Value Fund (with sales charge)
2.22% 8.73% 5.78% 13.37% 4.02% 9.74%
Gross Expense Ratio: 1.20% | Net Expense Ratio: 1.20%

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 Mid Cap Value Fund Russell Midcap Value
1989 0.00% -
1990 -12.99% -
1991 47.58% -
1992 20.96% 24.90%
1993 18.21% 19.30%
1994 -0.29% -1.31%
1995 12.42% 29.76%
1996 19.29% 22.21%
1997 24.32% 33.09%
1998 -10.08% -1.92%
1999 -1.40% 1.49%
2000 16.44% 20.79%
2001 12.20% 9.74%
2002 -10.52% -9.87%
2003 46.06% 44.93%
2004 28.30% 21.58%
2005 11.73% 7.74%
2006 17.98% 20.18%
2007 9.13% -7.27%
2008 -49.93% -31.99%
2009 44.61% 27.68%
2010 20.54% 24.82%
2011 -7.52% -3.36%
2012 9.48% 19.21%
2013 37.76% 33.32%
2014 10.57% 7.11%
2015 -7.02% -3.55%
2016 20.28% 20.00%

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 Mid Cap Value Fund Russell Midcap® Value Index (Linked Index) S&P 500
7/31/2007 0.00 0.00 0.00
8/31/2007 0.52 0.51 1.50
9/30/2007 3.52 1.56 5.29
10/31/2007 5.29 2.26 6.97
11/30/2007 -0.25 -4.29 2.50
12/31/2007 -0.75 -5.52 1.79
1/31/2008 -7.94 -8.88 -4.32
2/29/2008 -9.99 -12.18 -7.43
3/31/2008 -12.13 -12.34 -7.83
4/30/2008 -6.91 -8.29 -3.34
5/31/2008 -3.75 -4.51 -2.09
6/30/2008 -12.75 -13.43 -10.34
7/31/2008 -16.48 -11.90 -11.09
8/31/2008 -13.97 -8.34 -9.81
9/30/2008 -27.80 -14.48 -17.84
10/31/2008 -46.23 -32.14 -31.64
11/30/2008 -52.61 -39.24 -36.55
12/31/2008 -50.31 -35.74 -35.87
1/31/2009 -51.63 -43.24 -41.28
2/28/2009 -56.09 -50.55 -47.53
3/31/2009 -51.79 -46.23 -42.93
4/30/2009 -44.44 -37.65 -37.47
5/31/2009 -41.98 -36.09 -33.97
6/30/2009 -40.66 -36.14 -33.84
7/31/2009 -36.25 -29.63 -28.84
8/31/2009 -33.54 -25.44 -26.27
9/30/2009 -30.68 -21.60 -23.52
10/31/2009 -34.17 -26.34 -24.94
11/30/2009 -31.46 -23.16 -20.44
12/31/2009 -28.14 -17.96 -18.90
1/31/2010 -30.44 -20.15 -21.82
2/28/2010 -27.81 -16.26 -19.40
3/31/2010 -23.46 -10.11 -14.53
4/30/2010 -21.27 -4.88 -13.18
5/31/2010 -27.89 -12.50 -20.12
6/30/2010 -32.36 -19.24 -24.30
7/31/2010 -27.41 -13.30 -18.99
8/31/2010 -31.08 -18.12 -22.65
9/30/2010 -23.68 -10.05 -15.75
10/31/2010 -20.41 -6.53 -12.54
11/30/2010 -19.46 -4.91 -12.53
12/31/2010 -13.38 2.41 -6.68
1/31/2011 -11.86 3.97 -4.47
2/28/2011 -9.24 8.49 -1.20
3/31/2011 -8.02 10.27 -1.16
4/30/2011 -4.48 12.84 1.77
5/31/2011 -5.05 11.52 0.61
6/30/2011 -7.48 8.65 -1.06
7/31/2011 -10.78 4.59 -3.07
8/31/2011 -18.46 -3.97 -8.34
9/30/2011 -27.65 -14.28 -14.78
10/31/2011 -18.76 -2.34 -5.47
11/30/2011 -19.13 -2.56 -5.68
12/31/2011 -19.89 -1.03 -4.71
1/31/2012 -16.59 4.59 -0.44
2/29/2012 -13.78 7.62 3.86
3/31/2012 -12.89 10.37 7.28
4/30/2012 -14.62 9.70 6.61
5/31/2012 -21.30 2.91 0.20
6/30/2012 -20.54 7.03 4.33
7/31/2012 -20.84 6.57 5.78
8/31/2012 -18.46 10.17 8.16
9/30/2012 -16.38 13.29 10.95
10/31/2012 -15.30 12.85 8.90
11/30/2012 -13.94 14.39 9.54
12/31/2012 -12.30 17.98 10.53
1/31/2013 -6.50 26.02 16.26
2/28/2013 -3.99 27.98 17.84
3/31/2013 -0.28 33.74 22.26
4/30/2013 -0.36 34.10 24.61
5/31/2013 3.91 37.19 27.53
6/30/2013 3.35 35.80 25.82
7/31/2013 10.36 43.58 32.22
8/31/2013 6.24 37.55 28.39
9/30/2013 11.19 44.53 32.41
10/31/2013 15.33 50.48 38.50
11/30/2013 17.39 53.62 42.72
12/31/2013 20.83 57.30 46.34
1/31/2014 17.42 53.11 41.28
2/28/2014 22.74 60.65 47.74
3/31/2014 24.89 62.84 48.98
4/30/2014 23.33 60.97 50.08
5/31/2014 25.57 62.63 53.60
6/30/2014 29.75 69.67 56.78
7/31/2014 25.30 61.51 54.62
8/31/2014 30.27 68.65 60.80
9/30/2014 23.94 58.81 58.55
10/31/2014 27.91 65.88 62.42
11/30/2014 31.06 66.08 66.79
12/31/2014 33.59 68.48 66.37
1/31/2015 29.07 64.21 61.37
2/28/2015 37.79 71.81 70.65
3/31/2015 37.39 73.56 67.95
4/30/2015 36.43 71.08 69.56
5/31/2015 38.35 73.18 71.74
6/30/2015 35.87 71.36 68.41
7/31/2015 34.11 71.12 71.94
8/31/2015 26.69 63.03 61.57
9/30/2015 20.57 57.59 57.57
10/31/2015 27.75 67.21 70.86
11/30/2015 29.95 67.70 71.37
12/31/2015 24.22 62.50 68.67
1/31/2016 14.99 53.52 60.30
2/29/2016 15.76 54.60 60.08
3/31/2016 26.94 68.87 70.94
4/30/2016 29.00 72.50 71.60
5/31/2016 32.12 75.32 74.69
6/30/2016 31.02 76.92 75.14
7/31/2016 36.38 84.42 81.60
8/31/2016 39.69 84.03 81.85
9/30/2016 40.42 84.79 81.89
10/31/2016 36.22 80.32 78.57
11/30/2016 46.09 91.60 85.18
12/31/2016 49.40 95.00 88.84
1/31/2017 52.28 98.28 92.42
2/28/2017 56.96 103.82 100.06
3/31/2017 54.89 102.33 100.30
4/30/2017 54.87 102.72 102.35
5/31/2017 53.70 102.09 105.20
6/30/2017 54.58 105.10 106.48
7/31/2017 57.33 107.82 110.73

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 8/19/2017

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 7/31/2017)

Morningstar 7/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
356
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-1.42
0.14
Information Ratio
-0.23
0.13
Upside Capture
106.02
103.52
Downside Capture
118.01
104.31
Sharpe Ratio
0.63
1.21
R-Squared
91.84
91.49
Standard Deviation
12.89
11.84
Sortino Ratio
0.30
0.63
Win Ratio
44.00
45.00
Loss Ratio
56.00
55.00
Beta
1.09
1.02
Tracking Error
3.82
3.46
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
6/20/2017
Per Share ($)
$0.05
Net Income
59.50%
Net Profit from Sale
0.00%
Other Capital Sources
40.50%
12-Month Distribution ($)
$0.24
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$11.30 B
$13.50 B
Median Market Cap (weighted)
$9.40 B
$12.40 B
Trailing P/E
19.14
20.69
Forward P/E
16.58
17.53
Price/Book
2.16
1.97
Debt to Capital Ratio
45.01
45.69
Turnover Ratio
34.00%
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Top Issuers

(32.2% of assets as of 07/31/17)


Portfolio Holdings Breakdown

Country 4
Developed Markets 4
Equity Sector 4
Industry 4
Asset Allocation 4
Market Cap 5
Country Mid Cap Value Fund Russell Midcap Value Overweight / Underweight
United States 90.8% 99.6% -8.8%
Canada 3.1% 0.0% 3.0%
Israel 1.7% - -
United Kingdom 1.7% 0.2% 1.6%
Developed Markets Mid Cap Value Fund Russell Midcap Value Overweight / Underweight
Americas 93.9% 99.7% -5.8%
Middle East 1.7% - -
Europe 1.7% 0.2% 1.6%
Equity Sector Mid Cap Value Fund Russell Midcap Value Overweight / Underweight
Financials 22.9% 19.8% 3.1%
Industrials 14.5% 11.3% 3.2%
Information Technology 11.9% 6.3% 5.6%
Consumer Discretionary 10.6% 12.1% -1.4%
Health Care 7.8% 6.9% 0.9%
Materials 7.5% 5.2% 2.3%
Energy 7.0% 7.9% -0.9%
Real Estate 6.4% 14.7% -8.3%
Utilities 6.1% 10.8% -4.6%
Consumer Staples 2.6% 4.3% -1.7%
Industry Mid Cap Value Fund Russell Midcap Value Overweight / Underweight
Banks 9.0% 6.8% 2.2%
Insurance 7.4% 7.0% 0.4%
Equity Real Estate Investment Trusts (REITs) 6.4% 14.2% -7.8%
Electronic Equipment Instruments & Components 5.0% 0.9% 4.1%
Capital Markets 4.3% 2.6% 1.8%
Electric Utilities 4.1% 4.4% -0.3%
Oil Gas & Consumable Fuels 3.9% 6.6% -2.7%
Machinery 3.8% 4.0% -0.2%
Aerospace & Defense 3.6% 1.5% 2.1%
Pharmaceuticals 3.4% 1.0% 2.4%
Software 3.4% 1.0% 2.4%
Health Care Equipment & Supplies 3.3% 1.7% 1.6%
Hotels Restaurants & Leisure 3.2% 1.5% 1.7%
Energy Equipment & Services 3.0% 1.3% 1.7%
Household Durables 2.7% 2.3% 0.5%
Containers & Packaging 2.5% 1.2% 1.3%
Textiles Apparel & Luxury Goods 2.5% 1.0% 1.4%
Semiconductors & Semiconductor Equipment 2.4% 0.6% 1.7%
Electrical Equipment 2.0% 0.6% 1.4%
Chemicals 1.8% 1.7% 0.1%
Asset Allocation Mid Cap Value Fund Russell Midcap Value Overweight / Underweight
Equity 97.3% 100.0% -2.7%
Market Cap Mid Cap Value Fund Russell Midcap Value Overweight / Underweight
Mid 63.3% 71.3% -8.0%
Small 17.2% 9.2% 8.0%
Large 16.0% 19.5% -3.5%
  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. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Small and 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 small-sized or 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. 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. ↩
  7. 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. ↩
  8. 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. ↩
  9. D. There is no guarantee of the payment of any dividend or other distributions at any level. ↩
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