NOTICE: 2019 Capital Gains Available. View PDF here.

Fund Goal

Our Active Core Fund is designed to drive an attractive level of total return for you with a well-balanced mix of equities and bonds. The Fund seeks to construct a balanced portfolio of equities and bonds that is broadly diversified to attempt to control risk. Our diversification strategy is multi-dimensional across stock and bond asset classes, growth and value styles, and small capitalization and large capitalization stocks.


Our Equity funds focus on growing companies that can strengthen your portfolio—and your equity. We believe that we build fundamentally based equity funds focused on stability and risk-mitigation in evolving market environments—funds that seek to deliver long-term results for you.

We invest in companies that are gaining market share and exhibiting strong potential. We examine protective barriers around competitive advantages for each company, analyze financial results and develop expectations for the future.

Note: Equity securities are more volatile and carry more risk than other forms of investments. 

How We Make Equity Funds Work For You:


We constantly seek to identify companies capable of generating solid returns for you. We also consider secular trends that lend themselves to long-term investment horizons.


We evaluate risk and reward based on our expectations of company fundamental performance.


We value assets relative to market and growth prospects.


We monitor our investments closely. If we believe the investment prospects are less than we expected, we remove the stock from the portfolio.

Market Concerns

Equity securities are more volatile and carry more risk than other forms of investments. We manage net exposure and merit.


Lipper Leaders Designation

  • 5
    Lipper Leader
    (A and Investor Shares)

Lipper Rankings

Category: Lipper Mixed-Asset Target Allocation Moderate Funds (As of 09/30/2019)

1 Year211/60036
3 Year189/53736
5 Year121/48525
10 Year93/36226
Rankings are for Investor Class and are based on average annual total returns, but do not consider sales charges.The Lipper ratings for Preservation reflect the funds' historical loss avoidance relative to other funds within the same asset class. Preservation ratings are relative measures, rather than absolute measures, and funds named Lipper Leaders for Preservation may still experience losses periodically; those losses may be larger for equity and mixed equity funds than for fixed income funds. Lipper ratings for Expense identify a fund that has successfully managed to keep its expenses low relative to its peers and within its load structure. The Lipper ratings are subject to change every month and are based on an equal weighted average of percentile ranks for Preservation and Expense metrics over three-, five-, and ten-year periods (if applicable). The highest 20% of funds in each peer group are named Lipper Leaders with a rating of 5, the next 20% receive a rating of 4, the middle 20% are rated 3, the next 20% are rated 2, and the lowest 20% are rated 1. The Lipper Mutual Funds Average is an equally weighted average of the mutual funds within their respective classification, adjusted for reinvestment of capital gains distributions and income dividends. Lipper ratings are not intended to predict future results, and Lipper does not guarantee the accuracy of this information. More information is available at Thomson Reuters Copyright 2019, all rights reserved.Past performance is no guarantee of future results.

Fund Information as of 12/31/19

Class AClass CInstitutionalInvestor
Net Asset Value$13.36$13.35$13.44$13.40
Gross Expense Ratio1.24%2.14%1.14%1.39%
Net Expense Ratio1.24%1.91%0.88%1.14%

Fund Statistics as of 12/31/19

Total Net Assets$47,834,588
Number of Holdings649
Turnover Ratio43.93%
5-Year Standard Deviation6.18
Trailing 4 Quarters P/E Ratio20.5x
Mean (Average) Market Capitalization$184.2 bil
R-Squared Correlation Coefficient (to S&P 500)0.96
Weighted Average Maturity (bonds)6.79 yrs.
Effective Duration (bonds)5.41 yrs.