Fund Description
Overview
- Attempts to match the holdings and positions of the S&P 500 Index, but may exclude or underweight stocks expected to perform below the sector/industry screen
- Offers the potential to add value to the benchmark with only a modest increase in active risk
- May be an attractive "core" in a core/satellite approach
Investment Objective
The Fund seeks to outperform the total return performance of the Standard & Poor's 500 Composite Index (S&P 500), while maintaining a market level of risk.
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Management Team
Pranay Gupta, CFA
Co-Portfolio Manager
Managed Fund since 2010
Vincent Costa, CFA
Co-Portfolio Manager
Managed Fund since 2006
View Detailed Information
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Most Recent Month-End
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Most Recent Quarter-End
| As of 06/30/2010 |
YTD |
1 YR |
3 YR |
5 YR |
10 YR |
Inception
(02/1997) |
Gross
Exp. |
Net
Exp.1, 2 |
| Net Asset Value |
-6.91 |
+12.97 |
-11.11 |
-2.18 |
-2.87 |
+3.15 |
1.14% |
0.95% |
| With Sales Charge |
-9.68 |
+9.55 |
-12.00 |
-2.77 |
-3.17 |
+2.91 |
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|
| As of 06/30/2010 |
YTD |
1 YR |
3 YR |
5 YR |
10 YR |
Inception
(02/1997) |
Gross
Exp. |
Net
Exp.1, 2 |
| Net Asset Value |
-6.91 |
+12.97 |
-11.11 |
-2.18 |
-2.87 |
+3.15 |
1.14% |
0.95% |
| With Sales Charge |
-9.68 |
+9.55 |
-12.00 |
-2.77 |
-3.17 |
+2.91 |
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View Detailed Performance
Current Maximum Sales Charge: 3.00%
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, 2011. 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.
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. 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 may also invest in securities of Small- and Mid-Sized Companies, which may be more susceptible to price volatility and less liquidity than larger companies. Other risks of the Fund include but are not limited to: Other Investment Companies Risks; Price Volatility 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.