Fund Description
Overview
- Invests primarily in U.S. large cap stocks
- The Fund uses a quantitative approach towards investing
- Avoids style, timing or macroeconomic bets
Investment Objective
The Fund's investment objective is to seek long-term growth of capital primarily through investment in a diversified portfolio of common stocks and securities convertible into common stocks.
|
|
Management Team
Vincent Costa, CFA
Senior Vice President and Head of Portfolio Management of Quantitative Equity
Managed Fund since 2007
View Detailed Information
|
Most Recent Month-End
|
Most Recent Quarter-End
| As of 06/30/2010 |
YTD |
1 YR |
3 YR |
5 YR |
10 YR |
Inception
(12/2005) |
Gross
Exp. |
Net
Exp.1, 2 |
| Net Asset Value |
-7.20 |
+12.76 |
-11.78 |
— |
— |
-4.14 |
1.72% |
1.25% |
| With Sales Charge |
-12.56 |
+6.27 |
-13.51 |
— |
— |
-5.39 |
|
|
| As of 06/30/2010 |
YTD |
1 YR |
3 YR |
5 YR |
10 YR |
Inception
(12/2005) |
Gross
Exp. |
Net
Exp.1, 2 |
| Net Asset Value |
-7.20 |
+12.76 |
-11.78 |
— |
— |
-4.14 |
1.72% |
1.25% |
| With Sales Charge |
-12.56 |
+6.27 |
-13.51 |
— |
— |
-5.39 |
|
|
* Return calculations for the period beginning April 2, 2001 through June 30, 2002, reflect no deduction of a front-end sales charge. Return calculations for the period beginning July 1, 2002 through October 10, 2004, reflect the deduction of the maximum Class A sales charge of 4.75%. Effective, October 11, 2004, return calculations with a starting date on or after October 11, 2004 are based on a 2.50% sales charge.
View Detailed Performance
Current Maximum Sales Charge: 5.75%
1 The Adviser has contractually agreed to limit expenses of the Fund. This expense limitation agreement excludes interest, taxes, brokerage, and extraordinary expenses and is subject to possible recoupment. Please see the Fund's prospectus for more information.
2 The expense limits will continue through at least October 1, 2010. Expenses are being waived to the contractual cap.
Past performance is no guarantee of future results. The performance quoted represents past performance. Investment return and principal value of an investment will fluctuate, and shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
SEC fund returns assume the reinvestment of dividends and capital gain distributions and include a sales charge. Net Asset Value fund returns assume the reinvestment of dividends and capital gain distributions. Total return for less than one year is not annualized. Results would have been less favorable if the sales charge were included.
It is important to note that the Fund has a limited operating history. Performance over a longer period of time may be more meaningful than short-term performance.
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Investing in stocks of Small and Mid-Sized Companies may entail greater volatility and less liquidity than larger companies. The Fund may use Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance. The Fund is classified as a “non-diversified” investment company. Other risks of the Fund include but are not limited to: Market Trends Risks; Other Investment Companies Risks; Price Volatility Risks; Inability to Sell Securities Risks; Securities Lending Risks; and Portfolio Turnover Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.