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.

Process

Our Equity funds focus on growing companies that we believe 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 we believe 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 Strive To Make Equity Funds Work For You:

Discover

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.

Assess

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

Invest

We value assets relative to market and growth prospects.

Monitor

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 (stocks) are more volatile and carry more risk than other forms of investments, including investments in high-grade fixed income securities. Fixed income securities are subject to interest rate risks. The principal value of a bond falls when interest rates rise and rise when interest rates fall. During periods of rising interest rates, the value of a bond investment is at greater risk than during periods of stable or falling rates. The Fund invests in foreign and emerging market securities, which involves certain risks such as currency volatility, political and social instability, and reduced market liquidity. Mid- and smallcap companies may be more vulnerable to adverse business or economic developments. Because an ETF charges its own fees and expenses, Fund shareholders will indirectly bear these costs. The use of leverage in an ETF can magnify any price movements, resulting in high volatility. An inverse ETF seeks to provide returns that are the opposite of the underlying referenced financial asset, index, or commodity’s returns. Exposure to commodities may subject the Fund to greater volatility than investments in traditional securities.

While the fund seeks to manage and monitor risk, there is no way to remove risk.

Morningstar Rankings

Category: US OE Fund Allocation - 50% to 70% Equity (as of 12/31/2019)

RankPercentile
1 Year532/69778
3 Year399/64365
5 Year342/57161
10 Year208/42048

Rankings are for Institutional Class and are based on total return excluding sales charges, independently calculated and not combined to create an overall ranking. For periods not shown, Morningstar does not provide rankings based on synthetic performance.

Morningstar rankings are based on a fund's average annual total return relative to all funds in the same Morningstar category. Fund performance used within the rankings, reflects certain fee waivers, without which returns and Morningstar rankings would have been lower. the highest (or most favorable) percentile rank is 1 and the lowest (or least favorable) percentile rank is 100.

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Lipper Leaders Designation

  • 5
    Expense
    Lipper Leader
    Expense
    (A and Investor Shares)

Lipper Rankings

Category: Lipper Mixed-Asset Target Allocation Moderate Funds (As of 12/31/2019)

RankPercentile
1 Year325/59055
3 Year217/52941
5 Year178/47838
10 Year92/35526

Rankings are for Institutional Class and are based on average annual total returns, but do not consider sales charges.

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 www.lipperweb.com. Thomson Reuters Copyright 2020, all rights reserved.

Past performance is no guarantee of future results.
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Fund Information as of 2/29/20

Class AClass CInstitutionalInvestor
Net Asset Value$12.92$12.88$12.99$12.95
SymbolAABAXAACBXAIBLXAPBAX
CUSIP14956P67914956P53914956P20814956P109
Inception05/02/1112/31/1412/29/0506/01/95
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$48,139,084
Number of Holdings639
Turnover Ratio42.75%
5-Year Standard Deviation6.16
Trailing 4 Quarters P/E Ratio21.3x
Mean (Average) Market Capitalization$209.9 bil.
R-Squared Correlation Coefficient (to S&P 500)0.96
Weighted Average Maturity (bonds)6.66 yrs.
Effective Duration (bonds)5.43 yrs.

Currently contractual fee waivers are in effect December 26, 2019 through December 31, 2020.

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