Target Style


Fund Objective:

Seeks to provide total return (including capital appreciation and current income) through a "buy and hold" strategy based on value and "ESG investing" (Environmental, Social and Governance).

Fund Highlights:

  • Portfolio consists of up to 40 dividend-yielding stocks, selected annually from the Russell 1000® Index that meet the Fund's ESG standards.
  • Principal investment strategies are value and ESG investing.
  • Annual portfolio selection and reconstitution help minimize portfolio turnover and maximize tax efficiency.

Performance data quoted represents past performance and is not a guarantee of future results. The data assumes reinvestment of all distributions at net asset value. Maximum sales charge (Class A): 5.75%. The Fund’s daily net asset value is not guaranteed and shares are not insured by the FDIC, the Federal Reserve Board or any other agency. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be higher or lower than the original cost. Current performance may be higher or lower than that shown.

$10,000 initial investment in Class A from Fund inception through the report date, with all income dividends and capital gains reinvested. Includes a maximum 5.75% sales charge. This chart is hypothetical and is for illustrative purposes only.

The Russell 1000 Value Index measures the performance of those Russell 1000 Index companies with lower price-to-book ratios and lower forecasted growth values. The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe. It includes approximately 1,000 of the largest U.S. securities based on market capitalization. Please note an investor cannot invest directly in an index.

ESG (Environmental, Social and Governance) screening limits the availability of investment opportunities for the Fund. If the Fund changes its ESG standards or a company stops meeting the Fund’s ESG standards, the Fund may sell the affected investments even if this means the Fund loses money.

The performance of the Fund may be subject to greater fluctuation since its strategy involves holding a limited number of securities.  This type of strategy may increase the Fund’s risk since the performance of a particular stock may have a larger impact, positively or negatively, on the Fund’s performance.

The Fund employs a Disciplined Strategy and will not deviate from its strategy (except to the extent necessary to comply with federal tax laws or other applicable laws). Because the Fund will not use certain techniques available to other mutual funds to reduce stock market exposure (e.g., derivatives), the Fund may be more susceptible to general market declines than other mutual funds.

There is no guarantee a fund will meet its objective.

Price/Earnings Ratio measures a company’s current share price compared to its per-share earnings. Price/Book Ratio compares a company’s book value to its current market price. Book value denotes the portion of equity held by shareholders.

The style and risk measures illustrated above are broad-based, relative targets for the Fund. There can be no assurances that the Fund exactly exhibits these categorizations at any given time.