Investment objective & strategy
As of Oct. 27, 2023 · prospectusObjective. The investment objective of the Fund is to provide investors with long-term capital appreciation.
Strategy. Under normal market conditions, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in equity securities of companies with market capitalizations at the time of investment comparable to companies in the Russell 1000 Value Index. As of September 30, 2023, the market cap range for the Russell 1000 Value Index was $452 million to $760.6 billion. The Fund will not be forced to sell a stock because it has exceeded or fallen below the current market capitalization range. The Funds sub-adviser seeks to identify under-valued companies with a catalyst to unlock value or improve profitability. The Funds sub-adviser maintains a long-term investment view and a focus on … Under normal market conditions, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in equity securities of companies with market capitalizations at the time of investment comparable to companies in the Russell 1000 Value Index. As of September 30, 2023, the market cap range for the Russell 1000 Value Index was $452 million to $760.6 billion. The Fund will not be forced to sell a stock because it has exceeded or fallen below the current market capitalization range. The Funds sub-adviser seeks to identify under-valued companies with a catalyst to unlock value or improve profitability. The Funds sub-adviser maintains a long-term investment view and a focus on securities it believes can appreciate over an extended time, regardless of interim fluctuations. The Funds sub-adviser will sell securities or reduce positions if it feels that the company no longer possesses favorable risk/reward characteristics, attractive valuations or catalysts. The Fund invests primarily in U.S. equity securities, but it may invest up to 35% of its net assets in non-U.S. equity securities, including up to 10% of its net assets in equity securities of companies located in emerging market countries. The Fund may invest a portion of its assets in small- and mid-capitalization companies.
Top holdings
As of Nov. 30, 2020 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Fixed Income Clearing Corporation | — | $11.87M | 5.06% |
| MORGAN STANLEY | — | $7.31M | 3.12% |
| FIDELITY NATL INFORM SVCS INC | — | $5.83M | 2.49% |
| ABBVIE INC | — | $5.66M | 2.41% |
| PHILIP MORRIS INTL INC | — | $5.58M | 2.38% |
| COMCAST CORP CL A | — | $5.45M | 2.32% |
| MEDTRONIC PLC | — | $5.42M | 2.31% |
| CISCO SYSTEMS INC | — | $5.37M | 2.29% |
| CITIGROUP INC | — | $5.31M | 2.26% |
| BROADCOM INC | — | $5.12M | 2.18% |
Portfolio moves
Aug 31, 2020 → Nov 30, 2020How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| HARTFORD VALUE HLS FUND | 25% | — |
| Value Fund | 22% | — |
| Nationwide Ziegler Equity Income Fund | 22% | — |
Footnotes
- Net assets and holdings count as of November 30, 2020, from the fund's N-PORT filing.
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