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Domestic Equity

Value Fund

The Strategy typically invests primarily in large company value stocks.

Investment Style
Large Cap Value
Fund Inception
September 16, 1985
Total Assets (all classes) (as of 7/31/2017)
$2.17 billion
Fund Index
Russell 1000 Value
NAV (as of 8/18/17)
  • A
$35.81

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
Value Fund (NAV)
5.73% 18.52% 5.86% 12.50% 4.19% 9.69%
Cumulative
Annualized
ytd as of 8/18/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Value Fund (with sales charge)
5.73% 11.71% 3.79% 11.18% 3.58% 9.48%
Cumulative
Annualized
ytd as of 8/18/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Value Fund (NAV)
5.73% 16.96% 7.09% 12.57% 4.71% 9.72%
Cumulative
Annualized
ytd as of 8/18/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Value Fund (with sales charge)
5.73% 10.24% 5.00% 11.25% 4.09% 9.51%
Gross Expense Ratio: 0.97% | Net Expense Ratio: 0.97%

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 Value Fund Russell 1000 Value
1985 0.00% -
1986 12.25% 19.98%
1987 -0.29% 0.50%
1988 14.32% 23.16%
1989 34.86% 25.19%
1990 -7.98% -8.08%
1991 36.91% 24.55%
1992 11.99% 13.58%
1993 20.91% 18.07%
1994 -0.65% -1.98%
1995 36.40% 38.36%
1996 18.38% 21.64%
1997 24.00% 35.18%
1998 8.54% 15.63%
1999 -4.71% 7.35%
2000 -1.54% 7.01%
2001 2.98% -5.59%
2002 -13.03% -15.52%
2003 32.22% 30.03%
2004 15.25% 16.49%
2005 6.45% 7.05%
2006 15.79% 22.25%
2007 6.32% -0.17%
2008 -41.69% -36.85%
2009 33.65% 19.69%
2010 14.70% 15.51%
2011 -4.76% 0.39%
2012 13.51% 17.51%
2013 30.26% 32.53%
2014 10.59% 13.45%
2015 -3.81% -3.83%
2016 12.40% 17.34%

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 Value Fund Russell 1000® Value Index MSCI World S&P 500
7/31/2007 0.00 0.00 0.00 0.00
8/31/2007 0.42 1.12 -0.08 1.50
9/30/2007 4.33 4.59 4.68 5.29
10/31/2007 3.49 4.61 7.89 6.97
11/30/2007 -1.83 -0.51 3.48 2.50
12/31/2007 -2.86 -1.47 2.14 1.79
1/31/2008 -9.16 -5.42 -5.66 -4.32
2/29/2008 -12.44 -9.38 -6.21 -7.43
3/31/2008 -13.66 -10.06 -7.11 -7.83
4/30/2008 -6.68 -5.68 -2.23 -3.34
5/31/2008 -6.79 -5.83 -0.74 -2.09
6/30/2008 -13.47 -14.84 -8.65 -10.34
7/31/2008 -16.03 -15.15 -10.88 -11.09
8/31/2008 -15.03 -13.71 -12.14 -9.81
9/30/2008 -22.82 -20.05 -22.59 -17.84
10/31/2008 -38.51 -33.89 -37.26 -31.64
11/30/2008 -44.12 -38.63 -41.33 -36.55
12/31/2008 -43.36 -37.78 -39.44 -35.87
1/31/2009 -45.42 -44.93 -44.75 -41.28
2/28/2009 -50.99 -52.29 -50.40 -47.53
3/31/2009 -46.78 -48.21 -46.66 -42.93
4/30/2009 -41.33 -42.66 -40.68 -37.47
5/31/2009 -36.66 -39.11 -35.31 -33.97
6/30/2009 -36.43 -39.56 -35.60 -33.84
7/31/2009 -32.54 -34.61 -30.14 -28.84
8/31/2009 -28.72 -31.19 -27.26 -26.27
9/30/2009 -26.08 -28.54 -24.36 -23.52
10/31/2009 -27.75 -30.72 -25.71 -24.94
11/30/2009 -25.02 -26.82 -22.67 -20.44
12/31/2009 -24.30 -25.52 -21.28 -18.90
1/31/2010 -27.18 -27.62 -24.54 -21.82
2/28/2010 -25.21 -25.33 -23.47 -19.40
3/31/2010 -20.55 -20.47 -18.73 -14.53
4/30/2010 -19.33 -18.42 -18.72 -13.18
5/31/2010 -25.76 -25.12 -26.51 -20.12
6/30/2010 -30.58 -29.34 -29.03 -24.30
7/31/2010 -25.09 -24.55 -23.27 -18.99
8/31/2010 -28.80 -27.78 -26.14 -22.65
9/30/2010 -22.76 -22.18 -19.25 -15.75
10/31/2010 -19.13 -19.84 -16.24 -12.54
11/30/2010 -19.44 -20.27 -18.05 -12.53
12/31/2010 -13.17 -13.98 -12.02 -6.68
1/31/2011 -11.02 -12.03 -10.04 -4.47
2/28/2011 -8.80 -8.79 -6.89 -1.20
3/31/2011 -8.00 -8.42 -7.80 -1.16
4/30/2011 -4.94 -5.98 -3.89 1.77
5/31/2011 -5.46 -6.98 -5.88 0.61
6/30/2011 -8.12 -8.88 -7.37 -1.06
7/31/2011 -11.98 -11.91 -9.05 -3.07
8/31/2011 -18.02 -17.40 -15.46 -8.34
9/30/2011 -24.79 -23.65 -22.76 -14.78
10/31/2011 -16.59 -14.90 -14.77 -5.47
11/30/2011 -17.67 -15.35 -16.85 -5.68
12/31/2011 -17.31 -13.64 -16.90 -4.71
1/31/2012 -13.89 -10.37 -12.73 -0.44
2/29/2012 -10.75 -6.80 -8.46 3.86
3/31/2012 -8.81 -4.04 -7.29 7.28
4/30/2012 -10.30 -5.02 -8.34 6.61
5/31/2012 -16.22 -10.59 -16.25 0.20
6/30/2012 -13.56 -6.15 -11.98 4.33
7/31/2012 -12.40 -5.18 -10.85 5.78
8/31/2012 -10.06 -3.12 -8.59 8.16
9/30/2012 -7.69 -0.04 -6.08 10.95
10/31/2012 -7.73 -0.53 -6.72 8.90
11/30/2012 -7.93 -0.57 -5.52 9.54
12/31/2012 -6.14 1.48 -3.75 10.53
1/31/2013 -1.08 8.08 1.16 16.26
2/28/2013 -0.84 9.63 1.32 17.84
3/31/2013 3.57 13.97 3.70 22.26
4/30/2013 5.29 15.69 6.96 24.61
5/31/2013 7.98 18.66 7.00 27.53
6/30/2013 6.43 17.62 4.37 25.82
7/31/2013 12.26 23.97 9.86 32.22
8/31/2013 8.35 19.27 7.52 28.39
9/30/2013 12.67 22.25 12.90 32.41
10/31/2013 17.08 27.61 17.32 38.50
11/30/2013 19.36 31.17 19.41 42.72
12/31/2013 22.26 34.49 21.93 46.34
1/31/2014 17.60 29.71 17.42 41.28
2/28/2014 23.17 35.32 23.29 47.74
3/31/2014 24.84 38.55 23.47 48.98
4/30/2014 25.46 39.87 24.74 50.08
5/31/2014 28.12 41.92 27.19 53.60
6/30/2014 31.33 45.62 29.47 56.78
7/31/2014 28.96 43.14 27.40 54.62
8/31/2014 33.58 48.40 30.21 60.80
9/30/2014 30.11 45.34 26.67 58.55
10/31/2014 31.49 48.61 27.49 62.42
11/30/2014 34.37 51.65 30.05 66.79
12/31/2014 35.21 52.58 27.95 66.37
1/31/2015 28.76 46.48 25.63 61.37
2/28/2015 36.05 53.57 32.99 70.65
3/31/2015 34.95 51.48 30.91 67.95
4/30/2015 36.59 52.90 33.98 69.56
5/31/2015 39.06 54.73 34.44 71.74
6/30/2015 36.15 51.64 31.32 68.41
7/31/2015 38.21 52.31 33.67 71.94
8/31/2015 29.75 43.24 24.83 61.57
9/30/2015 24.99 38.91 20.22 57.57
10/31/2015 33.56 49.39 29.75 70.86
11/30/2015 34.02 49.97 29.11 71.37
12/31/2015 30.07 46.74 26.84 68.67
1/31/2016 20.92 39.16 19.25 60.30
2/29/2016 19.91 39.12 18.36 60.08
3/31/2016 29.14 49.15 26.39 70.94
4/30/2016 30.75 52.28 28.39 71.60
5/31/2016 32.75 54.64 29.11 74.69
6/30/2016 31.44 55.98 27.67 75.14
7/31/2016 35.40 60.51 33.06 81.60
8/31/2016 36.90 61.75 33.17 81.85
9/30/2016 38.03 61.41 33.88 81.89
10/31/2016 35.33 58.91 31.29 78.57
11/30/2016 43.97 67.99 33.18 85.18
12/31/2016 46.20 72.19 36.36 88.84
1/31/2017 49.08 73.41 39.65 92.42
2/28/2017 53.95 79.65 43.53 100.06
3/31/2017 52.22 77.82 45.06 100.30
4/30/2017 52.74 77.48 47.21 102.35
5/31/2017 53.39 77.31 50.32 105.20
6/30/2017 55.79 80.21 50.90 106.48
7/31/2017 58.38 82.60 54.51 110.73

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 8/18/2017

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
1100
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-1.71
-1.67
Information Ratio
-0.52
-0.59
Upside Capture
100.00
97.93
Downside Capture
112.79
110.28
Sharpe Ratio
0.63
1.17
R-Squared
95.13
94.82
Standard Deviation
11.40
10.51
Sortino Ratio
0.29
0.58
Win Ratio
44.00
42.00
Loss Ratio
56.00
58.00
Beta
1.06
1.03
Tracking Error
2.60
2.41
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
6/20/2017
Per Share ($)
$0.09
Net Income
88.50%
Net Profit from Sale
0.00%
Other Capital Sources
11.50%
12-Month Distribution ($)
$0.45
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$111.20 B
$115.20 B
Median Market Cap (weighted)
$55.60 B
$63.60 B
Trailing P/E
19.79
19.11
Forward P/E
15.99
16.16
Price/Book
2.09
2.03
Return on Equity
10.96%
10.60%
EPS Growth Rate 3Y
2.87%
1.09%
EPS Growth Rate 5Y
1.38%
4.51%
Sales Growth Rate 3Y
0.32%
-
Sales Growth Rate 5Y
1.92%
-
Turnover Ratio
64.00%
-

Top Issuers

(44.4% 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 Value Fund Russell 1000 Value Overweight / Underweight
United States 91.1% 99.8% -8.7%
Canada 4.3% 0.0% 4.3%
United Kingdom 1.0% 0.1% 0.9%
Israel 0.9% - -
Netherlands 0.8% 0.1% 0.6%
Developed Markets Value Fund Russell 1000 Value Overweight / Underweight
Americas 95.4% 99.8% -4.4%
Europe 1.8% 0.2% 1.6%
Middle East 0.9% - -
Equity Sector Value Fund Russell 1000 Value Overweight / Underweight
Financials 26.1% 25.6% 0.5%
Industrials 11.4% 8.5% 2.9%
Information Technology 11.1% 8.1% 3.1%
Health Care 11.0% 14.0% -2.9%
Energy 10.4% 10.6% -0.2%
Consumer Discretionary 8.0% 7.0% 1.0%
Consumer Staples 5.6% 9.2% -3.5%
Utilities 4.7% 6.2% -1.5%
Real Estate 4.4% 5.0% -0.6%
Materials 4.2% 2.8% 1.4%
Telecommunication Services 1.0% 3.2% -2.2%
Industry Value Fund Russell 1000 Value Overweight / Underweight
Banks 14.1% 12.1% 2.0%
Oil Gas & Consumable Fuels 8.0% 9.3% -1.3%
Insurance 6.2% 4.8% 1.3%
Capital Markets 5.9% 3.9% 1.9%
Electric Utilities 4.7% 3.8% 1.0%
Equity Real Estate Investment Trusts (REITs) 4.4% 4.8% -0.4%
Media 3.8% 2.5% 1.3%
Pharmaceuticals 3.8% 7.0% -3.2%
Software 2.9% 1.4% 1.5%
Semiconductors & Semiconductor Equipment 2.9% 2.5% 0.4%
Food & Staples Retailing 2.8% 2.4% 0.4%
Health Care Equipment & Supplies 2.7% 2.8% 0.0%
Machinery 2.5% 1.3% 1.1%
Health Care Providers & Services 2.4% 2.4% 0.0%
Energy Equipment & Services 2.4% 1.3% 1.1%
Electrical Equipment 2.0% 0.8% 1.2%
Hotels Restaurants & Leisure 2.0% 0.7% 1.3%
Aerospace & Defense 1.9% 1.8% 0.1%
Technology Hardware Storage & Peripherals 1.9% 0.8% 1.1%
Air Freight & Logistics 1.8% 0.0% 1.7%
Asset Allocation Value Fund Russell 1000 Value Overweight / Underweight
Equity 98.0% 100.0% -2.0%
Market Cap Value Fund Russell 1000 Value Overweight / Underweight
Large 77.5% 74.1% 3.4%
Mid 19.6% 22.9% -3.3%
Small 0.9% 3.0% -2.1%
  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. 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. Value investing involves the risk that undervalued securities may not appreciate as anticipated. 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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