Behavioral International Equity Fund Fact Sheet
Morningstar Style Box
Philosophy and Process
The Fund seeks maximum long-term total return by investing primarily through investments in international developed market equity securities.
To pursue its investment objective, the Fund will invest, under normal circumstances, at least 80% of its net assets plus borrowings for investment purposes in equity securities of foreign (non-U.S.) companies. Under normal market conditions, the Fund primarily invests in "developed market" equity securities, which encompasses markets included in the MSCI EAFEÂ® Index and other markets with similar characteristics (e.g., sustained economic development, sufficient liquidity for listed companies and accessible markets). The Fund also may invest in securities of real estate investment trusts ("REITs") and exchange-traded funds ("ETFs"). The Fund may invest in securities of issuers of any capitalization range.
The overall results of the Fund will be dependent on the process and ability of the Adviser to apply “behavioral finance” principles to recognize a company's value, earnings revisions and market momentum. The Fund will invest in foreign securities which may be more volatile and less liquid due to currency fluctuation, political instability, social and economic risks. The Fund may invest in REITs (Real EstateInvestment Trusts), the value of which will be affected by conditions of the real estate industry and exchange-traded funds (ETFs), thus shareholders may bear additional costs and the ETF may not exactly replicate the performance it seeks to track.
|Class A Shares||Class C Shares||Class Inst'l Shares||Class R6 Shares|
|Subsequent Investment Min.*||$0.00||$0.00||$0.00||$0.00|
|Max. Up Front Sales Charge||5.75%||N/A||N/A||N/A|
|Max. Deferred Sales Charge||N/A||1.00%||N/A||N/A|
Fund Performance as of 06.30.2019
|QTR||YTD||1 Year||3 Years||Since
|A Shares with 5.75% Sales Charge||-4.79%||3.18%||-11.66%||5.10%||1.37%|
|A Shares without Sales Charge||1.04%||9.43%||-6.29%||7.21%||2.69%|
|Lipper International Multi-Cap Value Median||1.58%||10.11%||-4.28%||6.65%||N/A|
The gross expense ratios for Class A, C, I, and R6* Shares are 1.10%, 1.85%, 0.85%, and 0.85%, respectively. The net expense ratios for Class A, C, I and R6* Shares are 0.90%, 1.65%, 0.65%, and 0.60%, respectively.
The Advisor has contractually agreed to limit certain fees paid by the Fund from February 1, 2019 through January 31, 2020. Performance would have been lower without limitations in effect.
*The Administrator has contractually agreed to waive its administrative fees, pay Fund operating expenses, and/or reimburse the Fund to keep R6 shares Net Expense Ratio to 0.60% from February 1, 2019 through January 31, 2020. Performance would have been lower without limitations in effect.
Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. To obtain performance information current to the most recent month end, please visit the performance summary.
The performance of the Behavioral International Equity Fund reflects the deduction of fees for value-added services associated with a mutual fund, such as investment management and fund accounting fees. The inception date for Class A Shares is 12/01/2014. The inception date for Class C Shares is 12/01/2014. The inception date for Class Inst'l Shares is 12/01/2014. The inception date for Class R6 Shares is 02/01/2018. The performance shown reflects the reinvestment of all dividend and capital gains distributions.
Top Ten Holdings as of 06.30.2019
|Roche Holding AG||2.38%|
|Toyota Motor Corp.||1.92%|
|Commonwealth Bank of Australia||1.74%|
|Rio Tinto PLC||1.46%|
|BHP Billiton PLC||1.44%|
|Australia & New Zealand Banking Group, Ltd.||1.43%|
|Royal Dutch Shell PLC||1.34%|
Current and future portfolio holdings are subject to change and risk. Based on Market Value of securities.
Sector Allocation as of 08.05.2019
Allocations are based on the current weight to funds in the cited Sector. The composition of the fund's holdings is subject to change.
Country Allocations as of 06.30.2019
|Country / Region||Value|
Current and future portfolio holdings are subject to change and risk.
Summary Statistics as of 06.30.2019
|Weighted Median P/E||12.56|
|Weighted Average P/B||2.16|
|Weighted Average Market Cap.||$45.66B|
*Annual Turnover Ratio is 12 month rolling calculation.
*Click for a glossary of terms
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