Value Opportunities Fund (HWAIX)

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 09/30/2017
TOP TEN HOLDINGS (%)1
Hewlett Packard Enterprise
5.8
American International Group Inc.
5.4
Wells Fargo & Co.
5.3
Seritage Growth Properties
4.5
Microsoft Corp.
4.3
Bank of America Corp.
4.1
Ericsson
3.9
WestJet Airlines
3.6
Oracle Corp.
3.6
Masonite International Corp.
3.0
0% 2% 4% 6% 8% 10%
TOP TEN INDUSTRIES (%)1
Banks
14.4
Software
8.5
Insurance
7.6
Oil, Gas & Consumable Fuels
6.9
Communications Equipment
6.3
Tech Hardware, Stge & Peripherals
5.8
Energy Equipment & Services
4.5
Equity REITs
4.5
Capital Markets
4.2
Building Products
4.1
0% 3% 6% 9% 12% 15%
SECTOR BREAKDOWN (%)1
  Portfolio S&P 500
Financials 29.0 14.6
Information Technology 21.6 23.2
Industrials 13.6 10.2
Energy 11.4 6.1
Consumer Discretionary 9.5 11.8
Real Estate 4.5 3.0
Materials 3.2 3.0
Telecommunication Services 1.9 2.2
Consumer Staples 1.4 8.2
Health Care 1.1 14.5
Utilities 0.0 3.1
STATISTICS
  Portfolio S&P 500
Projected P/E (FY2) 12.0x 17.2x
Price/Normal Earnings 8.3x 18.1x
Price/Book 1.2x 3.1x
Price/Sales 1.1x 2.1x
Weighted Average Market Capitalization (millions) $88,798 $174,861
Median Market Capitalization (millions) $5,343 $21,094
Standard Deviation 13.21 9.93
Beta 1.10 --
Alpha -2.64 --
R-Squared 0.68 --

Mutual fund investing involves risk. Principal loss is possible. Investing in non-diversified funds and/or smaller and/or medium-sized companies involves greater risks than those associated with investing in diversified funds and/or large company stocks, such as business risk, significant stock price fluctuations, sector concentration and illiquidity. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund.  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. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. The Fund may invest in derivative securities, which derive their performance from the performance of an underlying asset, index, interest rate or currency exchange rate. Derivatives can be volatile and involve various types and degrees of risks. Depending on the characteristics of the particular derivative, it could become illiquid.

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. 
 

Index definitions

Glossary of financial terms