Fund Description
Overview
- Invests primarily in the stocks of large non-U.S. companies that are believed temporarily priced below their long-term value
- Seeks to buy and hold companies at a significant discount to their true worth, based on sophisticated computer screening and the Graham & Dodd investment principles
Investment Objective
The Fund seeks long-term capital appreciation.
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Management Team
Glenn R. Carlson, CFA
Chief Executive Officer
Managed Fund since 1995
Brent V. Woods, CFA
Managing Director - Investments
Managed Fund since 1995
Amelia Maccoun Morris, CFA
Director - Investments
Managed Fund since 1995
W. Jim Brown, CFA
Director - Investments
Managed Fund since 1995
Keith Colestock
Director - Investments
Managed Fund since 1995
Brent Fredberg
Senior Analyst
Managed Fund since 1995
Philip A. Schwartz, CFA
Senior Portfolio Manager
Managed Fund since 2008
John Pairaktaridis
Assistant Portfolio Manager and International Research Analyst
Managed Fund since 2009
Joseph Vultaggio
Assistant Portfolio Manager and International Research Analyst
Managed Fund since 2009
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
(03/1995) |
Gross
Exp. |
Net
Exp.1, 2 |
| Net Asset Value |
-12.54 |
+0.57 |
-13.52 |
+0.96 |
+2.64 |
+8.46 |
1.75% |
1.75% |
| With Sales Charge |
-17.57 |
-5.23 |
-15.22 |
-0.23 |
+2.03 |
+8.04 |
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|
| As of 06/30/2010 |
YTD |
1 YR |
3 YR |
5 YR |
10 YR |
Inception
(03/1995) |
Gross
Exp. |
Net
Exp.1, 2 |
| Net Asset Value |
-12.54 |
+0.57 |
-13.52 |
+0.96 |
+2.64 |
+8.46 |
1.75% |
1.75% |
| With Sales Charge |
-17.57 |
-5.23 |
-15.22 |
-0.23 |
+2.03 |
+8.04 |
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* 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 March 1, 2011. The Fund is operating under the contractual expense limits.
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. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Emerging Market stocks may be especially volatile. 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. Investing in stocks of Small- and Mid-Sized Companies may entail greater volatility and less liquidity than larger companies. Prices of Value-Oriented Securities tend to correlate more closely with economic cycles than growth-oriented securities, they generally are more sensitive to changing economic conditions. Other risks of the Fund include but are not limited to: Convertible and Debt Securities Risks; Market Trends Risks; Other Investment Companies Risks; Price Volatility Risks; Inability to Sell Securities Risks; and Securities Lending Risks. Investors should consult the Fund's Prospectus and Statement of Additional Information for a more detailed discussion of the Fund's risks.