Fundamental Equity

as of 04/17/14
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Daily Price (04/17/14) $19.38 Daily Change: $+0.03 (+0.16%)  
Investment Objective: Growth Ticker Symbol: AFDIX
Fund Type: Blend Stock Funds Fund Code: 118
Share Class: Investor Inception Date: 07/29/05
Total Assets: $75,352,871.57 Newspaper Symbol: FundEq  

Data reflects past performance for Investor Class shares, assumes reinvestment of dividends and capital gains and is no guarantee of future results. Current performance may be higher or lower than data shown. Investment return and principal value fluctuates. Redemption value may be more or less than original cost. Obtain performance data current to the most recent month end. For additional share class information, consult the prospectus.

  Total Return Average Annual Total Return as of 03/31/2014
as of
as of
1 yr
3 yr 5 yr 10 yr 20 yr Life
  +0.78% +20.57% +14.54% +20.45% --% --% +8.96% 1.01% 07/29/05
M1:(as of 03/31/2014)
-- -- 4 out of 5 Stars3 out of 5 Stars----Overall
3 out of 5 Stars Overall
Funds rated in category:----1361 1219 ----1361
Morningstar Category: Large Blend
Lipper Quartiles & Rankings:L1 --Quartile Ranking
Quartile Ranking
Quartile Ranking
Ranking for Large-Cap Core Funds as of 03/31/2014, based on total returns.

M1For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages.) The Overall Morningstar Rating™ for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating™ metrics. Past performance is no guarantee of future results. Morningstar Rating™ is for Investor share class only; other classes may have difference performance characteristics.

Morningstar InfoM1

Overall Rating
rated among 1361 Large Blend
(as of 03/31/2014 )
Equity Style BoxN1

The fund's current expense ratio is 1.01%

Why Own Fundamental Equity
  • Offering investors consistent exposure to large-cap stocks across the growth/value spectrum, Fundamental Equity can serve as an investor's core domestic equity holding.
Investment Strategy:
  • Fundamental Equity's managers implement a risk-aware strategy that targets large companies with improving fundamental business characteristics and attractive market valuations.
For Investors who are:
  • Seeking long-term capital growth, with current income a secondary objective.
  • Comfortable with short-term price volatility associated with investing in common stocks.
  • Looking for ongoing exposure to large domestic stocks.
Risk Factors:

The value and/or returns of a portfolio will fluctuate with market and economic conditions. Different investment styles tend to shift in and out of favor depending upon market and economic conditions, as well as investor sentiment. A fund may outperform or underperform other funds that employ a different investment style. International investing involves special risk considerations, including economic and political conditions, inflation rates and currency fluctuations. Although the fund's performance has historically benefited from investments in initial public offerings (IPOs), future IPO exposure likely will be limited by the fund's investment process.

More Information
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arrow Summary Prospectus
arrow Investment Kit
arrow Fund Minimums
arrow Semiannual Report
arrow Annual Report

Fund Management

Gregory Woodhams, CFA
Gregory Woodhams, CFA
Chief Investment Officer, U.S. Growth Equity - Large Cap
Senior Vice President, Senior Portfolio Manager

E. A. Prescott LeGard, CFA
E. A. Prescott LeGard, CFA
Vice President, Senior Portfolio Manager

Justin Brown, CFA
Justin Brown, CFA
Vice President, Portfolio Manager

Joe Reiland, CFA
Joe Reiland, CFA
Vice President, Portfolio Manager


Long-term growth


(*) The annual expense ratio is based on expenses incurred by the fund, as stated in the most recent prospectus.

G1Fund performance may be subject to substantial short-term changes due to market volatility or other factors.

N1The Morningstar Style BoxTM reveals a fund's investment strategy. For the equity holdings in the fund's portfolio, the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth).

L1Lipper rankings are based on average annual total returns. Portions of the mutual fund performance information contained on this page were supplied by Lipper, a Reuters Company, subject to the following: Copyright © Reuters. All rights reserved. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Performance data is preliminary and subject to revision. Rankings are based on all classes available within the classification as of the date shown. Rankings are based only on the universe shown.

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