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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 5/31/2017)
$2.13 billion
Fund Index
Russell 1000 Value
NAV (as of 6/26/17)
  • A
$35.96

Equity

Fixed Income

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

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 6/26/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Value Fund (NAV)
6.18% 17.88% 6.83% 10.79% 4.79% 9.69%
Cumulative
Annualized
ytd as of 6/26/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Value Fund (with sales charge)
6.18% 11.10% 4.75% 9.49% 4.17% 9.48%
Cumulative
Annualized
ytd as of 6/26/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Value Fund (NAV)
6.18% 15.55% 6.18% 12.86% 3.87% 9.66%
Cumulative
Annualized
ytd as of 6/26/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Value Fund (with sales charge)
6.18% 8.91% 4.11% 11.53% 3.26% 9.45%
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
5/31/2007 0.00 0.00 0.00 0.00
6/30/2007 -1.51 -2.34 -0.77 -1.66
7/31/2007 -4.67 -6.85 -2.97 -4.71
8/31/2007 -4.26 -5.81 -3.04 -3.28
9/30/2007 -0.54 -2.57 1.57 0.34
10/31/2007 -1.34 -2.56 4.68 1.93
11/30/2007 -6.41 -7.33 0.40 -2.33
12/31/2007 -7.39 -8.22 -0.89 -3.01
1/31/2008 -13.40 -11.90 -8.46 -8.83
2/29/2008 -16.52 -15.59 -8.99 -11.79
3/31/2008 -17.69 -16.22 -9.87 -12.17
4/30/2008 -11.03 -12.14 -5.13 -7.89
5/31/2008 -11.14 -12.28 -3.68 -6.70
6/30/2008 -17.51 -20.68 -11.36 -14.56
7/31/2008 -19.95 -20.96 -13.53 -15.28
8/31/2008 -19.00 -19.62 -14.75 -14.06
9/30/2008 -26.42 -25.53 -24.89 -21.71
10/31/2008 -41.38 -38.42 -39.13 -34.86
11/30/2008 -46.73 -42.83 -43.07 -39.54
12/31/2008 -46.00 -42.04 -41.24 -38.89
1/31/2009 -47.97 -48.71 -46.39 -44.04
2/28/2009 -53.28 -55.56 -51.88 -50.00
3/31/2009 -49.27 -51.76 -48.25 -45.62
4/30/2009 -44.07 -46.59 -42.44 -40.42
5/31/2009 -39.62 -43.28 -37.23 -37.08
6/30/2009 -39.40 -43.70 -37.51 -36.96
7/31/2009 -35.68 -39.10 -32.22 -32.19
8/31/2009 -32.05 -35.91 -29.42 -29.74
9/30/2009 -29.52 -33.43 -26.61 -27.12
10/31/2009 -31.12 -35.47 -27.91 -28.48
11/30/2009 -28.52 -31.83 -24.97 -24.19
12/31/2009 -27.83 -30.63 -23.62 -22.72
1/31/2010 -30.58 -32.58 -26.78 -25.50
2/28/2010 -28.70 -30.45 -25.74 -23.19
3/31/2010 -24.26 -25.92 -21.15 -18.56
4/30/2010 -23.09 -24.01 -21.13 -17.27
5/31/2010 -29.23 -30.25 -28.69 -23.88
6/30/2010 -33.82 -34.18 -31.13 -27.86
7/31/2010 -28.59 -29.72 -25.55 -22.81
8/31/2010 -32.12 -32.73 -28.33 -26.29
9/30/2010 -26.36 -27.51 -21.65 -19.72
10/31/2010 -22.90 -25.34 -18.73 -16.66
11/30/2010 -23.20 -25.73 -20.48 -16.65
12/31/2010 -17.22 -19.87 -14.63 -11.08
1/31/2011 -15.18 -18.06 -12.71 -8.97
2/28/2011 -13.05 -15.04 -9.65 -5.85
3/31/2011 -12.29 -14.70 -10.54 -5.82
4/30/2011 -9.37 -12.43 -6.74 -3.03
5/31/2011 -9.87 -13.35 -8.68 -4.13
6/30/2011 -12.41 -15.13 -10.12 -5.72
7/31/2011 -16.09 -17.94 -11.75 -7.64
8/31/2011 -21.85 -23.06 -17.97 -12.66
9/30/2011 -28.30 -28.88 -25.05 -18.80
10/31/2011 -20.48 -20.74 -17.30 -9.92
11/30/2011 -21.51 -21.15 -19.32 -10.12
12/31/2011 -21.17 -19.56 -19.36 -9.20
1/31/2012 -17.90 -16.51 -15.32 -5.13
2/29/2012 -14.91 -13.19 -11.18 -1.03
3/31/2012 -13.07 -10.61 -10.04 2.23
4/30/2012 -14.49 -11.52 -11.06 1.58
5/31/2012 -20.13 -16.71 -18.74 -4.52
6/30/2012 -17.60 -12.58 -14.60 -0.59
7/31/2012 -16.48 -11.67 -13.50 0.79
8/31/2012 -14.26 -9.76 -11.31 3.06
9/30/2012 -11.99 -6.89 -8.87 5.73
10/31/2012 -12.03 -7.35 -9.49 3.77
11/30/2012 -12.22 -7.39 -8.33 4.38
12/31/2012 -10.52 -5.47 -6.60 5.33
1/31/2013 -5.70 0.67 -1.85 10.78
2/28/2013 -5.46 2.12 -1.68 12.29
3/31/2013 -1.26 6.16 0.62 16.50
4/30/2013 0.37 7.77 3.79 18.74
5/31/2013 2.94 10.53 3.83 21.52
6/30/2013 1.46 9.56 1.27 19.89
7/31/2013 7.03 15.47 6.60 25.99
8/31/2013 3.29 11.09 4.33 22.34
9/30/2013 7.42 13.88 9.55 26.18
10/31/2013 11.62 18.86 13.84 31.98
11/30/2013 13.80 22.18 15.86 36.00
12/31/2013 16.56 25.27 18.31 39.44
1/31/2014 12.11 20.82 13.93 34.62
2/28/2014 17.43 26.05 19.63 40.78
3/31/2014 19.01 29.06 19.81 41.96
4/30/2014 19.61 30.28 21.03 43.01
5/31/2014 22.14 32.19 23.42 46.37
6/30/2014 25.20 35.64 25.62 49.39
7/31/2014 22.94 33.33 23.62 47.33
8/31/2014 27.35 38.23 26.34 53.23
9/30/2014 24.04 35.38 22.91 51.08
10/31/2014 25.35 38.42 23.71 54.77
11/30/2014 28.10 41.26 26.19 58.93
12/31/2014 28.90 42.12 24.15 58.53
1/31/2015 22.76 36.44 21.90 53.77
2/28/2015 29.70 43.05 29.05 62.61
3/31/2015 28.65 41.10 27.03 60.04
4/30/2015 30.21 42.42 30.00 61.57
5/31/2015 32.57 44.13 30.45 63.65
6/30/2015 29.80 41.25 27.42 60.48
7/31/2015 31.77 41.87 29.71 63.84
8/31/2015 23.70 33.42 21.12 53.96
9/30/2015 19.16 29.39 16.66 50.15
10/31/2015 27.33 39.16 25.90 62.81
11/30/2015 27.77 39.69 25.27 63.30
12/31/2015 24.00 36.69 23.07 60.72
1/31/2016 15.28 29.62 15.71 52.75
2/29/2016 14.31 29.59 14.85 52.54
3/31/2016 23.11 38.92 22.64 62.89
4/30/2016 24.65 41.84 24.58 63.52
5/31/2016 26.55 44.05 25.28 66.46
6/30/2016 25.31 45.29 23.88 66.89
7/31/2016 29.09 49.51 29.11 73.04
8/31/2016 30.51 50.66 29.22 73.29
9/30/2016 31.59 50.35 29.90 73.32
10/31/2016 29.02 48.02 27.39 70.16
11/30/2016 37.25 56.48 29.22 76.46
12/31/2016 39.38 60.39 32.31 79.95
1/31/2017 42.13 61.53 35.51 83.36
2/28/2017 46.76 67.33 39.27 90.64
3/31/2017 45.12 65.63 40.75 90.86
4/30/2017 45.61 65.32 42.83 92.82
5/31/2017 46.23 65.16 45.86 95.54

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 6/26/2017

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 5/31/2017)

Morningstar 5/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
1082
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-1.81
-1.84
Information Ratio
-0.59
-0.72
Upside Capture
99.32
96.42
Downside Capture
112.42
110.28
Sharpe Ratio
0.56
1.19
R-Squared
95.25
94.29
Standard Deviation
11.51
10.55
Sortino Ratio
0.26
0.60
Win Ratio
42.00
42.00
Loss Ratio
58.00
58.00
Beta
1.06
1.02
Tracking Error
2.59
2.53
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
6/20/2017
Per Share ($)
$0.09
Net Income
88.50%
Net Profit from Sale
0.00%
Other Capital Sources
11.50%
12-Month Distribution ($)
$0.44
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$111.90 B
$118.00 B
Median Market Cap (weighted)
$51.80 B
$61.30 B
Trailing P/E
20.99
19.92
Forward P/E
15.90
16.21
Price/Book
2.16
2.00
Return on Equity
10.48%
10.05%
EPS Growth Rate 3Y
2.48%
-0.37%
EPS Growth Rate 5Y
1.87%
3.50%
Sales Growth Rate 3Y
0.54%
-
Sales Growth Rate 5Y
2.70%
-
Turnover Ratio
64.00%
-

Top Issuers

(45.8% of assets as of 05/31/17)


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 92.2% 99.8% -7.6%
Canada 4.4% 0.1% 4.3%
Israel 1.0% - -
Netherlands 0.8% - -
United Kingdom 0.8% 0.0% 0.8%
Developed Markets Value Fund Russell 1000 Value Overweight / Underweight
Americas 96.6% 99.9% -3.3%
Europe 1.6% 0.0% 1.6%
Middle East 1.0% - -
Equity Sector Value Fund Russell 1000 Value Overweight / Underweight
Financials 21.7% 26.0% -4.2%
Information Technology 15.7% 10.3% 5.4%
Industrials 13.6% 10.4% 3.2%
Health Care 10.6% 11.2% -0.6%
Energy 10.2% 11.4% -1.2%
Consumer Discretionary 7.7% 4.5% 3.2%
Consumer Staples 4.8% 8.8% -4.0%
Utilities 4.4% 6.6% -2.1%
Real Estate 4.1% 4.7% -0.5%
Materials 3.9% 2.9% 1.1%
Telecommunication Services 2.3% 3.4% -1.1%
Industry Value Fund Russell 1000 Value Overweight / Underweight
Banks 11.3% 11.9% -0.6%
Oil Gas & Consumable Fuels 7.8% 9.6% -1.8%
Insurance 5.7% 5.3% 0.5%
Electric Utilities 4.4% 4.0% 0.4%
Capital Markets 4.3% 4.1% 0.1%
Semiconductors & Semiconductor Equipment 4.2% 3.2% 1.1%
Media 4.2% 0.9% 3.2%
Equity Real Estate Investment Trusts (REITs) 4.1% 4.5% -0.4%
Software 3.8% 1.8% 2.0%
Technology Hardware Storage & Peripherals 3.6% 1.6% 2.0%
Pharmaceuticals 3.3% 6.4% -3.2%
Health Care Equipment & Supplies 3.1% 2.6% 0.5%
Energy Equipment & Services 2.4% 1.8% 0.6%
Machinery 2.4% 2.4% -0.1%
Health Care Providers & Services 2.3% 1.4% 0.8%
Electrical Equipment 2.2% 0.8% 1.4%
Air Freight & Logistics 2.1% 0.0% 2.1%
Building Products 2.1% 0.4% 1.7%
Hotels Restaurants & Leisure 2.0% 0.8% 1.2%
Electronic Equipment Instruments & Components 1.9% 0.6% 1.3%
Asset Allocation Value Fund Russell 1000 Value Overweight / Underweight
Equity 99.2% 100.0% -0.8%
Market Cap Value Fund Russell 1000 Value Overweight / Underweight
Large 76.4% 76.4% 0.0%
Mid 22.6% 20.7% 1.9%
Small 0.2% 2.9% -2.7%
  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 p.m. 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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