Portfolio Manager Dave Fondrie discusses how the Select Value Fund's strong 4th quarter contributed to 2009 results.
Past performance does not guarantee future results. Value-based investments may be subject to the risk that the broad market may not recognize their intrinsic worth. An investment in the Funds involves risks, including loss of principal.
Sector classifications are generally determined by referencing the Global Industry Classification Standard (GICS) Codes developed by Standard & Poor’s and Morgan Stanley Capital International. Sector allocations are a percent of net assets and subject to change. As of December 31, 2009, Anadarko Petroleum Corp, Cabot Oil & Gas Corp., Climarex Energy Co., Alaska Air Group, Inc., Kansas City Southern and MEMC Electronic Materials Inc. represented 1.73%, 0.97%, 1.23%, 1.49%, 2.18% and 1.65% of the Fund’s total net assets, respectively. Health Care, Industrials, Materials, Financials, Energy, and Consumer Discretionary sector holdings represented 12.90%, 13.32%, 4.16%, 19.64%, 12.66%, and 4.85% of the Fund’s net assets. Portfolio holdings are subject to change.
The statements and opinions expressed in the video are those of the presenter. Any discussion of investments and investment strategies represents the Funds' investments and portfolio managers' views as of the date of the video, and are subject to change without notice. All information is historical, not indicative of future results and subject to change. Audience should not assume that an investment in the securities mentioned was or would be profitable in the future. This information is not a recommendation to buy or sell.
Russell 3000 Value Index measures the performance of those Russell 3000 Index companies with lower price-to-book ratios and lower forecasted growth values. All indices are unmanaged. It is not possible to invest directly in an index.
Price/Book Ratio of a company is calculated by dividing the market price of its stock by the company's per-share book value.
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