Core Equity Plus

as of 04/24/14
invest now

 
Daily Price (04/24/14) $14.62 Daily Change: $-0.02 (-0.14%)  
Investment Objective: Growth Ticker Symbol: ACPVX
Fund Type: Blend Stock Funds Fund Code: 989
Share Class: Investor Inception Date: 10/31/11
Total Assets: $142,739,537.57 Newspaper Symbol: CoreEquityPlus  
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
04/24/2014
YTD
as of
03/31/2014
1 yr
3 yr 5 yr 10 yr 20 yr Life
  +3.32% +24.79% --% --% --% --% +21.60% 1.87% 10/31/11
Morningstar
Ratings
M1:(as of 03/31/2014)
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Funds rated in category:--------------
Morningstar Category:
Lipper Quartiles & Rankings:L1 --Quartile Ranking
12/39
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Ranking for Alternative Active Extension 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 Info

Overall Rating
Stars
(as of 03/31/2014 )

The fund's current expense ratio is 1.87%

Investment Strategy:
  • Seeks to outperform the market while maintaining risk levels similar to the S&P 500® Index.
  • Employs a disciplined, quantitative approach that seeks consistent risk-adjusted performance
  • Uses short-selling as an additional source of potential return
For Investors who:
  • Seek long-term capital growth
  • Want exposure to large companies with both growth and value characteristics
  • Seek additional return potential through short-selling, but are comfortable with the risks
  • Can tolerate short-term price volatility
Risk Factors:
  • The value and/or returns of a portfolio will fluctuate with market and economic conditions
  • There are risks associated with selling short, including the risk that the fund may have to cover its short positions at a higher price than the short price, resulting in a loss. The fund's loss on a short sale is potentially unlimited, as a loss occurs when the value of a security sold short increases.

 

Fund Management

Scott Wittman, CFA, CAIA
Scott Wittman, CFA, CAIA
Chief Investment Officer, Asset Allocation & Disciplined Equity
Senior Vice President, Senior Portfolio Manager

William Martin, CFA
William Martin, CFA
Senior Vice President, Senior Portfolio Manager

Claudia Musat
Claudia Musat
Portfolio Manager, Quantitative Investment Analyst

Objective

Long-term capital growth



Footnotes

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

Fund(s) shown may take short positions. A short position arises when the fund sells stock that it does not own but was borrowed in anticipation that the market price of the stock will decline. If the market price declines, the fund can replace the borrowed stock at a lower price and capture the value represented by the difference between the higher sale price and the lower replacement price. Conversely, if the price of the stock goes up after the fund borrows the stock, the fund will lose money because it will have to pay more to replace the borrowed stock than it received when it sold the stock short. Any loss will be increased by the amount of compensation, interest or dividends, and transaction costs the fund must pay to the lender of the borrowed security. In addition, because the fund's loss on a short sale stems from increases in the value of the stock sold short, the extent of such loss, like the price of the stock sold short, is theoretically unlimited. By contrast, a fund's loss on a long position arises from decreases in the value of the stock and therefore is limited by the fact that a stock's value cannot drop below zero. In addition, the fund may not be able to close out a short position at a particular time or price advantageous to the fund and there is some risk the lender of the stock sold short will terminate the loan at an inopportune time.

The portfolio managers use an approach to stock investing that relies heavily on quantitative tools to identify companies, regardless of size, industry type or geographic location, whose share price patterns suggest their stocks are likely to increase in value. Among the risks associated with the fund, is the reliance on the fund's computer-based investment process. If the investment style embedded in this process falls out of favor with the market, the fund's performance may suffer.

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

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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