Address And Details

One Franklin Pkwy , San Mateo, CA 94403
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

Capital appreciation. Under normal market conditions, the Fund invests primarily in equity securities (including securities convertible into, or that the investment manager expects to be exchanged for, common or preferred stock) of U.S. and foreign companies that the investment manager believes are available at market prices less than their value based on certain recognized or objective criteria (intrinsic value). Following this value-oriented strategy, the Fund invests primarily in undervalued securities (securities trading at a discount to intrinsic value). The equity securities in which the Fund invests are primarily common stock. To a lesser extent, the Fund also invests in merger arbitrage securities and the debt and equity of distressed companies. The Fund is not limited to pre-set maximums or minimums governing the size of the companies in which it may invest. However, the Fund currently invests the equity portion of its portfolio predominantly in mid- and large-cap companies, with the remaining portion of its equity portfolio in smaller companies. While the Fund does not concentrate in any one industry, from time to time, based on economic conditions, it may make significant investments in certain sectors. The Fund may invest substantially and potentially up to 100% of its assets in foreign securities and participations in foreign government debt. Depending on market conditions, the Fund's investments in foreign securities may fluctuate, but the Fund generally invests at least 30% of its assets in foreign securities or other investments that provide exposure to foreign securities. The Fund presently does not intend to invest more than a portion (no more than 25%) of its assets in securities of issuers located in emerging market countries. Although the investment manager will search for investments across a large number of countries and regions, from time to time, based on economic conditions, the Fund may have significant positions in particular countries or regions. The Fund regularly attempts to hedge (protect) against currency risks, largely using currency forward contracts and currency futures contracts (including currency index futures contracts) when, in the investment manager s opinion, it would be advantageous to the Fund to do so. The Fund may also, from time to time, attempt to hedge against market risk using a variety of derivatives.

Net Asset Value

as of 5:46 PM ET 09/17/2021

Performance

  • 1 Week
  • -0.31%
  • 1 Month
  • -1.67%
  • 3 Months
  • -0.80%
  • 1 Yr Return
  • +28.09%
  • 5 Yr Return
  • +9.75%

Equity Sector Breakdown

Finance 20.96%
Health 15.68%
Technology 12.67%
NonDurables 8.04%
IndustrialCyclical 7.59%
ConsumerDurables 5.58%
Energy 4.45%
Utilities 3.91%
RetailTrade 2.66%
Services 2.58%

Asset Allocation

Asset Type % Of Allocation
Stocks 94.16%
ForeignStocks 43.92%
Preferred 1.05%
Convertible 0.07%
Cash 0.00%
Bonds 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 5.71 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -9.43 -8.24 -5.96
Beta 1.01 0.97 0.93
R Squared 0.84 0.80 0.83
Std Deviation 20.48 16.36 13.80
Sharpe Ratio 0.39 0.49 n/a

Purchase Information

as of 5:58 PM ET 09/16/2021
Minimum Initial $1000
Minimum Additional $0
Minimum Initial IRA $250

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +35.81%
  • +41.31%
+35.81% +41.31%
3 Year
  • +6.86%
  • +7.54%
+6.86% +7.54%
10 Year
  • +8.33%
  • +7.19%
+8.33% +7.19%
Life Of Fund
  • +8.91%
  • +8.94%
+8.91% +8.94%

Top 10 Holdings

Symbol Company Name % Of Assets
GSK GLAXOSMITHKLINE PLC ADR 3.17%
CHTR CHARTER COMMUNICATIONS INC 2.71%
DTEGY DEUTSCHE TELEKOM AG 2.64%
MRK MERCK & CO 2.60%
WFC WELLS FARGO & CO 2.54%
CVS CVS HEALTH CORP 2.51%
BP BP PLC 2.48%
ING ING GROEP N V 2.43%
WMB WILLIAMS COMPANIES INC 2.37%
BTI BRITISH AMERICAN TOB SP ADR 2.17%

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