Small Cap Value

([x]) as of 04/15/14

Important Note

Effective December 16, 2009, the Small Cap Value Fund is closed to new investors.

 
Daily Price (04/15/14) $9.57 Daily Change: $+0.02 (+0.21%)  
Investment Objective: Growth Ticker Symbol: ASVIX
Fund Type: Value Stock Funds Fund Code: 986
Share Class: Investor Inception Date: 07/31/98
Total Assets: $907,738,515.71 Newspaper Symbol: SmCpVal  
PerformanceG1

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
Expense
Ratio*
Inception
Date
as of
04/15/2014
YTD
as of
03/31/2014
1 yr
3 yr 5 yr 10 yr 20 yr Life
  -1.64% +23.27% +12.31% +24.01% +10.04% --% +12.34% 1.42% 07/31/98
Morningstar
Ratings
M1:(as of 03/31/2014)
-- -- 3 out of 5 Stars3 out of 5 Stars4 out of 5 Stars--Overall
4 out of 5 Stars Overall
Funds rated in category:----311 258 162 --311
Morningstar Category: Small Value
Lipper Quartiles & Rankings:L1 --Quartile Ranking
170/280
Quartile Ranking
135/230
Quartile Ranking
118/187
Quartile Ranking
14/119
--
Ranking for Small-Cap Value 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
Stars
rated among 311 Small Value
(as of 03/31/2014 )
Equity Style BoxN1

The fund's current expense ratio is 1.42%

Investment Strategy:
  • Primarily smaller–sized companies believed to be undervalued
For Investors Who:
  • Seek long–term capital growth with quarterly income.
  • Can tolerate high share price fluctuation.K1
  • Want a way to diversify large–cap growth investments.
Risk Factors:

Historically, small- and/or mid-cap stocks have been more volatile than the stocks of larger, more established companies. Smaller companies may have limited resources, product lines and markets, and their securities may trade less frequently and in more limited volumes than those of larger companies.

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

Ben Giele, CFA
Ben Giele, CFA
Senior Vice President, Senior Portfolio Manager

Jeff John, CFA
Jeff John, CFA
Vice President, Portfolio Manager

Objective

Long-term growth
Income as a secondary goal



Footnotes

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

[x] This fund is closed to new investors.

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

K1Historically, small-cap stocks have been more volatile than the stock of larger, more established companies.

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.

For a detailed description of any index referenced above, refer to our Glossary.

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