Small Cap Value Fund (HWSIX) - Limited Availability

I SHARES    A SHARES    C SHARES   

The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher. Investment return and principal value of the fund will fluctuate, and shares may be worth more or less than their original cost when redeemed. Click quarter-end or month-end to obtain the most recent fund performance.

Characteristics
As of 10/31/2018
TOP TEN STOCKS (%)1
ARRIS International PLC
5.6
First Hawaiian Inc.
5.0
Enstar Group Ltd.
4.8
Seritage Growth Properties
4.4
Popular Inc.
4.1
WestJet Airlines
4.0
Whiting Petroleum Corp.
4.0
Matson Inc.
3.5
Frank's International
3.3
First Horizon Nat'l Corp.
3.2
0% 2% 4% 6% 8% 10%
TOP TEN INDUSTRIES (%)1
Banks
17.1
Insurance
10.6
Equity REITs
8.2
Oil, Gas & Consumable Fuels
6.7
Communications Equipment
6.3
Energy Equipment & Services
5.7
Specialty Retail
4.8
Airlines
4.0
Electric Utilities
4.0
Construction & Engineering
3.6
0% 4% 8% 12% 16% 20%
SECTOR BREAKDOWN (%)1
  Portfolio Russell 2000 Value2 Russell 20002
Financials 30.9 28.2 17.4
Industrials 21.2 12.1 15.0
Energy 12.3 7.5 4.8
Real Estate 8.2 11.4 6.8
Information Technology 7.4 10.3 13.9
Consumer Discretionary 6.2 9.6 12.0
Utilities 4.0 6.0 3.2
Health Care 3.9 5.0 16.5
Communication Services 0.9 3.0 3.4
Materials 0.1 4.4 4.2
Consumer Staples 0.0 2.5 2.6
STATISTICS
  Portfolio Russell 2000 Value Russell 2000
Projected P/E (FY2) 10.2x 12.6x 14.2x
Price/Normal Earnings 6.9x 13.9x 15.8x
Price/Book 1.2x 1.3x 2.0x
Price/Sales 0.7x 1.0x 1.3x
Weighted Average Market Capitalization (millions) $2,785 $1,995 $2,210
Median Market Capitalization (millions) $1,453 $734 $831
Standard Deviation 16.93 14.37 14.45
Beta 1.12 -- --
Alpha -4.79 -- --
R-Squared 0.91 -- --

Mutual fund investing involves risk. Principal loss is possible. Investing in smaller and/or newer companies involves greater risks than those associated with investing in larger companies, such as business risk, significant stock price fluctuations and illiquidity. The Fund may invest in ETFs, which are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF’s shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund’s ability to sell its shares.  The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods.

Diversification does not assure a profit nor protect against loss in a declining market.

Information on the Fund’s holdings, portfolio characteristics and attribution reports are subject to its portfolio holdings disclosure policy. Such information may be obtained through the Funds’ website or by calling 800-796-5606. Fund holdings and/or sector allocations are subject to change and are not buy/sell recommendations. Information presented based on proprietary or third-party estimates are subject to change and cannot be guaranteed.

% of Total Portfolio includes total investments, cash and cash equivalents, and accrued investment income on a trade date basis. 
2 As of 9/30/18

Index definitions

Glossary of financial terms