NOTICE: 2019 Capital Gains Available. View PDF here.

Fund Goal

We pursue positive investment returns by opportunistically investing in equities, real estate investment trusts (REITs), fixed income securities, preferred stocks, ETFs (exchange traded funds, which may include leveraged and inverse ETFs), options, commodities, and money market funds. The Fund's management team will consider all asset classes and may invest in domestic as well as international securities. The team pursues investment opportunities with the most attractive risk/return profiles.


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.


Lipper Leaders Designation


#1 out of 106 funds in the absolute return category for the Institutional Shares annualized for the five year period ended November 30, 2017.

  • 5
    Total Return
    Lipper Leader
    Total Return
    (A, Investor and Institutional Shares)

Lipper Rankings

Category: Lipper Absolute Return Funds (As of 9/30/2019

1 Year188/20393
3 Year44/17426
5 Year27/12222
Rankings are for Investor Class and are based on average annual total returns, but do not consider sales charges.The Lipper ratings for Total Return reflect the funds' historical total return performance relative to its peers. Lipper ratings for Consistent Return identify a fund that has provided relatively superior consistency and risk-adjusted returns when compared to a group of similar funds, which achieve high ratings for Consistent Return, may be the best fir for investors who value a fund's year-to-year consistency relative to other funds in a particular peer group. The Lipper ratings are subject to change every month and are based on an equal weighted average of percentile ranks for the Total Return and Consistent Return 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 wighted average of the mutual funds within their respective Lipper classification, adjusted for reinvestment of capital gains distribution and income dividends. 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 CInvestorInstitutional
Net Asset Value$13.17$12.81$13.12$13.27
Gross Expense Ratio1.73%2.63%1.88%1.63%
Net Expense Ratio1.28%2.03%1.28%1.03%

Fund Statistics as of 12/31/19

Total Net Assets$38,424,589
Number of Holdings42
Turnover Ratio170.91%
Mean (Average) Market Capitalization$52.1 bil.

Contractual fee waivers are in effect December 26, 2018 through December 31, 2019.

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