Putnam Allstate Advisor Plus
Putnam Small Cap Value Subaccount
The subaccount seeks capital appreciation.
- Highlights
- Performance
- Holdings
- Expenses
Fund description
The subaccount pursues its objective of long-term capital appreciation by investing in stocks of small companies that are undergoing positive changes. In accordance with its value strategy, it seeks holdings that have below-average price/earnings ratios and that are priced below their long-term business value. The subaccount's focus on low valuation helps to manage the risk associated with investing in small companies.
Sales story
Pursuing capital appreciation through undervalued small companiesSmall companies: Often overlooked by Wall Street analysts, the stocks of small companies can represent attractive opportunities to firms with strong research capabilities.A value strategy: The fund focuses on finding small companies whose stocks are priced below their long-term potential, and where there may be a catalyst for positive change.A rigorous process: The fund's experienced manager uses fundamental investment research to find stocks that are currently overlooked and undervalued in the current market.
Daily pricing as of 07/27/17
| with optional enhanced death benefits | ||
|---|---|---|
| Unit Value | $37.376066 | $36.39583 |
| Unit Value Change | -0.074327 | -0.072528 |
Lipper ranking ‡ as of 06/30/17
Category: Small-Cap Value Funds
| Percentile ranking | Rank/Funds in category | |
|---|---|---|
| 10 yrs. | 84% | 30/35 |
| 1 yr. | 9% | 4/46 |
| 3 yrs. | 20% | 9/46 |
| 5 yrs. | 35% | 16/46 |
The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty.Although value investing targets stocks believed to be priced too low, there is no guarantee they will appreciate.
‡ Lipper is an industry research firm whose rankings are based on total return performance, vary over time, and do not reflect the effects of sales charges. Past performance is not indicative of future results.
Performance as of 06/30/17
| Annualized Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 0.45% | 1.39% | 25.43% | 5.83% | 12.36% | 3.42% | 7.79% |
| Standardized | -7.55% | -6.61% | 17.43% | 3.40% | 11.60% | 3.42% | 7.79% |
| With optional enhanced death benefit | |||||||
| Unit Value | 0.41% | 1.32% | 25.24% | 5.67% | 12.19% | 3.26% | 7.62% |
| Standardized | -7.59% | -6.68% | 17.24% | 3.23% | 11.43% | 3.26% | 7.62% |
| Actual performance | |||||||
| Unit Value | 0.45% | 1.39% | 25.43% | 5.83% | 12.36% | 3.42% | 7.82% |
| Standardized | -7.55% | -6.61% | 17.43% | 3.40% | 11.60% | 3.42% | 7.82% |
| With optional enhanced death benefit | |||||||
| Unit Value | 0.41% | 1.32% | 25.24% | 5.67% | 12.19% | 3.26% | 7.65% |
| Standardized | -7.59% | -6.68% | 17.24% | 3.23% | 11.43% | 3.26% | 7.65% |
| Cumulative Performance | Last Quarter | Year to Date |
1 yr. | 3 yrs. | 5 yrs. | 10 yrs. | Life of subaccount |
|---|---|---|---|---|---|---|---|
| Restated performance | |||||||
| Unit Value | 0.45% | 1.39% | 25.43% | 18.54% | 79.12% | 40.00% | 290.62% |
| Standardized | -7.55% | -6.61% | 17.43% | 10.54% | 73.12% | 40.00% | 290.62% |
| With optional enhanced death benefit | |||||||
| Unit Value | 0.41% | 1.32% | 25.24% | 17.99% | 77.76% | 37.88% | 279.95% |
| Standardized | -7.59% | -6.68% | 17.24% | 9.99% | 71.76% | 37.88% | 279.95% |
| Actual performance | |||||||
| Unit Value | 0.45% | 1.39% | 25.43% | 18.54% | 79.12% | 40.00% | 268.55% |
| Standardized | -7.55% | -6.61% | 17.43% | 10.54% | 73.12% | 40.00% | 268.55% |
| With optional enhanced death benefit | |||||||
| Unit Value | 0.41% | 1.32% | 25.24% | 17.99% | 77.76% | 37.88% | 258.94% |
| Standardized | -7.59% | -6.68% | 17.24% | 9.99% | 71.76% | 37.88% | 258.94% |
Annual Performance at NAV
| 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| -14.12% | -40.33% | 29.43% | 23.97% | -6.25% | 15.60% | 37.38% | 1.78% | -5.77% | 25.46% |
| With optional enhanced death benefit | |||||||||
| -14.26% | -40.42% | 29.23% | 23.78% | -6.39% | 15.43% | 37.17% | 1.62% | -5.92% | 25.27% |
Restated performance
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With optional enhanced death benefit
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Unit values and performance information shown apply to the specific annuity product listed, not the underlying Putnam Variable Trust fund. This information should not be used by investors who hold an interest in Putnam Variable Trust funds through a different annuity or other variable product. The unit values and performance of other variable products that offer Putnam Variable Trust funds may be higher or lower due to product charges and expenses or other factors.
Data is historical. Past performance is no guarantee of future results. More recent returns may be less or more than those shown. Investment return and principal value will fluctuate, and you may have a gain or a loss when you sell your units.
Returns shown for the subaccounts for periods before their inception are derived from the historical performance of the underlying fund, adjusted to reflect the mortality, expense risk, and surrender charges applicable to this product and do not factor in the annual $30 contract maintenance fee. Additional riders and options for insurance-related charges will increase expenses and lower returns. Please see the prospectus for details. For a portion of the period, subaccounts may have limited expenses, without which returns would have been lower.
Variable annuities are long-term investments designed for retirement purposes. Putnam Hartford products are flexible-premium variable annuities issued by Hartford Life and Annuity Insurance Company, Simsbury, CT.
Putnam Allstate variable annuities are flexible-premium deferred variable annuities issued by Allstate Life Insurance Company (Allstate Life); underwritten by Allstate Distributors, L.L.C., both of Northbrook, IL; and sold through registered representatives or bank employees who are licensed insurance agents. Please check for availability in your specific state.
These policies have limitations and are sold by prospectus only. The prospectus contains details on the variable annuity, the subaccounts, contract features, fees, expenses, and other pertinent information.
Investors should carefully consider the investment objectives, risks, charges, and expenses of a fund before investing. For a prospectus containing this and other information for any variable annuity or variable life product that invests in Putnam Variable Trust funds, contact your financial advisor for a contract prospectus and prospectus for the underlying funds. You may also call Hartford at 1-800-521-0538 or Allstate at 1-800-390-1277. Read the prospectuses carefully before investing.
For the most recent month-end performance, please call Hartford at 1-800-521-0538 or Allstate at 1-800-390-1277.
The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty.
Although value investing targets stocks believed to be priced too low, there is no guarantee they will appreciate.
Lipper is an industry research firm whose rankings are based on total return performance, vary over time, and do not reflect the effects of sales charges. Past performance is not indicative of future results.
Top 10 holdings as of 06/30/17
| Party City Holdco | 1.25% |
|
|---|---|---|
| Radian Group | 1.18% |
|
| Ncr Corp | 1.17% |
|
| Quanta Services | 1.16% |
|
| Flex | 1.12% |
|
| Seaworld Entertainment | 1.06% |
|
| Sprouts Farmers Market | 1.06% |
|
| New York Reit | 1.04% |
|
| Hyster-Yale Materials Handling | 1.04% |
|
| Time | 1.01% |
|
| Top 10 holdings, total: | 11.09% |
|
Equity Holdings as of 03/31/17
| SUMMIT HOTEL PROPERTIES INC | 0.98% |
|---|---|
| TOWER SEMICONDUCTOR LTD | 0.96% |
| ENERGEN CORP | 0.94% |
| IDACORP INC | 0.92% |
| FIRST MERCHANTS CORP | 0.89% |
| CONTROL4 CORP | 0.87% |
| J2 GLOBAL INC | 0.85% |
| ORBOTECH LTD | 0.85% |
| PATTERSON-UTI ENERGY INC | 0.83% |
| REINSURANCE GROUP OF AMERICA | 0.82% |
| RAYONIER INC | 0.79% |
| SOUTHWEST GAS HOLDINGS INC | 0.78% |
| TERADYNE INC | 0.78% |
| META FINANCIAL GROUP INC | 0.76% |
| STERLING BANCORP/DE | 0.76% |
| REDWOOD TRUST INC | 0.75% |
| ALLETE INC | 0.73% |
| AMERICAN FINANCIAL GROUP INC | 0.73% |
| JABIL CIRCUIT INC | 0.73% |
| NCR CORPORATION | 0.73% |
| MAXLINEAR INC | 0.72% |
| MEDLEY CAPITAL CORP | 0.72% |
| OLD NATIONAL BANCORP | 0.72% |
| PREFERRED BANK/LOS ANGELES | 0.72% |
| CAMDEN NATIONAL CORP | 0.70% |
| POPULAR INC | 0.70% |
| VALIDUS HOLDINGS LTD | 0.70% |
| ACCO BRANDS CORP | 0.69% |
| CENTURY COMMUNITIES INC | 0.69% |
| FORMFACTOR INC | 0.69% |
| BERKSHIRE HILLS BANCORP INC | 0.68% |
| ENCORE CAPITAL GROUP INC | 0.67% |
| EQUITY COMMONWEALTH | 0.67% |
| SUPER MICRO COMPUTER INC | 0.67% |
| BRUNSWICK CORP | 0.66% |
| MASTEC INC | 0.66% |
| PEOPLES BANCORP INC | 0.66% |
| SILICON MOTION TECHNOL-ADR | 0.66% |
| AMN HEALTHCARE SERVICES INC | 0.65% |
| ENZO BIOCHEM INC | 0.65% |
| FULTON FINANCIAL CORP | 0.65% |
| WALKER & DUNLOP INC | 0.65% |
| FIRST DEFIANCE FINL CORP | 0.64% |
| ICHOR HOLDINGS LTD | 0.64% |
| ISTAR INC | 0.64% |
| PACIFIC PREMIER BANCORP INC | 0.64% |
| QUANTA SERVICES INC | 0.64% |
| RE/MAX HOLDINGS INC-CL A | 0.64% |
| SOLAR CAPITAL LTD | 0.64% |
| TRISTATE CAPITAL HLDGS INC | 0.64% |
| XPERI CORP | 0.64% |
| DEVRY EDUCATION GROUP INC | 0.63% |
| FIRST MIDWEST BANCORP INC/IL | 0.63% |
| WINTRUST FINANCIAL CORP | 0.63% |
| AMERICAN ASSETS TRUST INC | 0.62% |
| BMC STOCK HOLDINGS INC | 0.62% |
| EMPLOYERS HOLDINGS INC | 0.62% |
| HANMI FINANCIAL CORPORATION | 0.62% |
| PORTLAND GENERAL ELECTRIC CO | 0.62% |
| TCP CAPITAL CORP | 0.62% |
| AEGEAN MARINE PETROLEUM NETW | 0.61% |
| FIRST BANCORP/NC | 0.61% |
| HEALTHSOUTH CORP | 0.61% |
| IBERIABANK CORP | 0.61% |
| MARRIOTT VACATIONS WORLD | 0.61% |
| MODINE MANUFACTURING CO | 0.61% |
| STONERIDGE INC | 0.61% |
| FERROGLOBE PLC | 0.60% |
| FIRST INTERNET BANCORP | 0.60% |
| GTT COMMUNICATIONS INC | 0.60% |
| INDEPENDENT BANK GROUP INC | 0.60% |
| SAIA INC | 0.60% |
| AMERISAFE INC | 0.59% |
| CHEMICAL FINANCIAL CORP | 0.59% |
| DEL TACO RESTAURANTS INC | 0.59% |
| FIRST BUSEY CORP | 0.59% |
| HEARTLAND FINANCIAL USA INC | 0.59% |
| ENSIGN GROUP INC/THE | 0.58% |
| PNM RESOURCES INC | 0.58% |
| CALLON PETROLEUM CO | 0.57% |
| CIVISTA BANCSHARES INC | 0.57% |
| FIRST FINANCIAL BANCORP | 0.57% |
| FRANKLIN FINANCIAL NETWORK | 0.57% |
| INNOPHOS HOLDINGS INC | 0.57% |
| ORION GROUP HOLDINGS INC | 0.57% |
| PDC ENERGY INC | 0.57% |
| GREIF INC -CL A | 0.56% |
| SANDERSON FARMS INC | 0.56% |
| YRC WORLDWIDE INC | 0.56% |
| DANA INC | 0.55% |
| FERRO CORP | 0.55% |
| SPIRIT AIRLINES INC | 0.55% |
| EAGLE PHARMACEUTICALS INC | 0.54% |
| ENPRO INDUSTRIES INC | 0.53% |
| GOODYEAR TIRE & RUBBER CO | 0.53% |
| NMI HOLDINGS INC-CLASS A | 0.53% |
| PENN NATIONAL GAMING INC | 0.53% |
| WESTERN ALLIANCE BANCORP | 0.53% |
| ANIXTER INTERNATIONAL INC | 0.52% |
| BOFI HOLDING INC | 0.52% |
| CARRIAGE SERVICES INC | 0.52% |
| HANOVER INSURANCE GROUP INC/ | 0.52% |
| INVESTORS BANCORP INC | 0.52% |
| JAMES RIVER GROUP HOLDINGS L | 0.52% |
| LTC PROPERTIES INC | 0.52% |
| NCI BUILDING SYSTEMS INC | 0.52% |
| SPARTANNASH CO | 0.52% |
| UNIVEST CORP OF PENNSYLVANIA | 0.52% |
| EPR PROPERTIES | 0.51% |
| FULGENT GENETICS INC | 0.51% |
| GENERAL CABLE CORP | 0.51% |
| LIVE NATION ENTERTAINMENT IN | 0.51% |
| PBF ENERGY INC-CLASS A | 0.51% |
| WSFS FINANCIAL CORP | 0.51% |
| AMERICAN VANGUARD CORP | 0.50% |
| CAPITOL ACQUISITION CORP III | 0.50% |
| FIRST CONNECTICUT BANCORP | 0.50% |
| GRANITE CONSTRUCTION INC | 0.50% |
| DYCOM INDUSTRIES INC | 0.49% |
| EDGEWELL PERSONAL CARE CO | 0.49% |
| HERCULES CAPITAL INC | 0.49% |
| MARTEN TRANSPORT LTD | 0.49% |
| SKYWEST INC | 0.49% |
| CONTINENTAL BUILDING PRODUCT | 0.48% |
| EMERGENT BIOSOLUTIONS INC | 0.48% |
| TRIPLEPOINT VENTURE GROWTH B | 0.48% |
| UNITED COMMUNITY BANKS/GA | 0.48% |
| AVISTA CORP | 0.47% |
| COTT CORPORATION | 0.47% |
| PARK-OHIO HOLDINGS CORP | 0.47% |
| SUMMIT MATERIALS INC -CL A | 0.47% |
| WASHINGTON FEDERAL INC | 0.47% |
| APARTMENT INVT & MGMT CO -A | 0.46% |
| CBL & ASSOCIATES PROPERTIES | 0.46% |
| EVERI HOLDINGS INC | 0.46% |
| BELDEN INC | 0.44% |
| CNO FINANCIAL GROUP INC | 0.44% |
| PARAMOUNT GROUP INC | 0.44% |
| TANGER FACTORY OUTLET CENTER | 0.44% |
| VWR CORP | 0.44% |
| KADANT INC | 0.43% |
| PLY GEM HOLDINGS INC | 0.43% |
| ATLAS AIR WORLDWIDE HOLDINGS | 0.42% |
| BLOOMIN' BRANDS INC | 0.42% |
| ENNIS INC | 0.42% |
| MADISON SQUARE GARDEN CO- A | 0.42% |
| NATIONAL GENERAL HLDGS | 0.42% |
| NOMAD FOODS LTD | 0.42% |
| SOUTHSIDE BANCSHARES INC | 0.42% |
| SUCAMPO PHARMACEUTICALS-CL A | 0.42% |
| WASHINGTON TRUST BANCORP | 0.42% |
| EDUCATION REALTY TRUST INC | 0.41% |
| OM ASSET MANAGEMENT PLC | 0.41% |
| MAIDEN HOLDINGS LTD | 0.40% |
| PROVIDENT FINANCIAL SERVICES | 0.40% |
| ASTORIA FINANCIAL CORP | 0.39% |
| LAKELAND FINANCIAL CORP | 0.39% |
| PERRY ELLIS INTERNATIONAL | 0.39% |
| ADVANCED ENERGY INDUSTRIES | 0.38% |
| CONVERGYS CORP | 0.38% |
| EZCORP INC-CL A | 0.38% |
| GULFPORT ENERGY CORP | 0.38% |
| MINERALS TECHNOLOGIES INC | 0.38% |
| VIRTUSA CORP | 0.38% |
| CONATUS PHARMACEUTICALS INC | 0.36% |
| HORIZON GLOBAL CORP | 0.36% |
| RING ENERGY INC | 0.35% |
| KRATON CORP | 0.31% |
| MIDWESTONE FINANCIAL GROUP I | 0.27% |
| SUPERVALU INC | 0.27% |
| TAILORED BRANDS INC | 0.27% |
| CHERRY HILL MORTGAGE INVESTM | 0.24% |
| DYNEGY INC | 0.22% |
| VECTRUS INC | 0.22% |
| INDEPENDENCE CONTRACT DRILLI | 0.21% |
| FTD COS INC | 0.17% |
| CLIPPER REALTY INC | 0.12% |
| AAC HOLDINGS INC | 0.07% |
| HAMILTON LANE INC-CLASS A | 0.07% |
| BANCTEC INC-144A CONTINGENT VALUE RIGHTS | 0.00% |
| FERROGLOBE REPRESENTATION & | 0.00% |
Full Portfolio Holdings as of 03/31/17
| SUMMIT HOTEL PROPERTIES INC | 0.98% |
|---|---|
| TOWER SEMICONDUCTOR LTD | 0.96% |
| ENERGEN CORP | 0.94% |
| IDACORP INC | 0.92% |
| FIRST MERCHANTS CORP | 0.89% |
| CONTROL4 CORP | 0.87% |
| J2 GLOBAL INC | 0.85% |
| ORBOTECH LTD | 0.85% |
| PATTERSON-UTI ENERGY INC | 0.83% |
| REINSURANCE GROUP OF AMERICA | 0.82% |
| RAYONIER INC | 0.79% |
| SOUTHWEST GAS HOLDINGS INC | 0.78% |
| TERADYNE INC | 0.78% |
| META FINANCIAL GROUP INC | 0.76% |
| STERLING BANCORP/DE | 0.76% |
| REDWOOD TRUST INC | 0.75% |
| ALLETE INC | 0.73% |
| AMERICAN FINANCIAL GROUP INC | 0.73% |
| JABIL CIRCUIT INC | 0.73% |
| NCR CORPORATION | 0.73% |
| MAXLINEAR INC | 0.72% |
| MEDLEY CAPITAL CORP | 0.72% |
| OLD NATIONAL BANCORP | 0.72% |
| PREFERRED BANK/LOS ANGELES | 0.72% |
| CAMDEN NATIONAL CORP | 0.70% |
| POPULAR INC | 0.70% |
| VALIDUS HOLDINGS LTD | 0.70% |
| ACCO BRANDS CORP | 0.69% |
| CENTURY COMMUNITIES INC | 0.69% |
| FORMFACTOR INC | 0.69% |
| BERKSHIRE HILLS BANCORP INC | 0.68% |
| ENCORE CAPITAL GROUP INC | 0.67% |
| EQUITY COMMONWEALTH | 0.67% |
| SUPER MICRO COMPUTER INC | 0.67% |
| BRUNSWICK CORP | 0.66% |
| MASTEC INC | 0.66% |
| PEOPLES BANCORP INC | 0.66% |
| SILICON MOTION TECHNOL-ADR | 0.66% |
| AMN HEALTHCARE SERVICES INC | 0.65% |
| ENZO BIOCHEM INC | 0.65% |
| FULTON FINANCIAL CORP | 0.65% |
| WALKER & DUNLOP INC | 0.65% |
| FIRST DEFIANCE FINL CORP | 0.64% |
| ICHOR HOLDINGS LTD | 0.64% |
| ISTAR INC | 0.64% |
| PACIFIC PREMIER BANCORP INC | 0.64% |
| QUANTA SERVICES INC | 0.64% |
| RE/MAX HOLDINGS INC-CL A | 0.64% |
| SOLAR CAPITAL LTD | 0.64% |
| TRISTATE CAPITAL HLDGS INC | 0.64% |
| XPERI CORP | 0.64% |
| DEVRY EDUCATION GROUP INC | 0.63% |
| FIRST MIDWEST BANCORP INC/IL | 0.63% |
| WINTRUST FINANCIAL CORP | 0.63% |
| AMERICAN ASSETS TRUST INC | 0.62% |
| BMC STOCK HOLDINGS INC | 0.62% |
| EMPLOYERS HOLDINGS INC | 0.62% |
| HANMI FINANCIAL CORPORATION | 0.62% |
| PORTLAND GENERAL ELECTRIC CO | 0.62% |
| TCP CAPITAL CORP | 0.62% |
| AEGEAN MARINE PETROLEUM NETW | 0.61% |
| FIRST BANCORP/NC | 0.61% |
| HEALTHSOUTH CORP | 0.61% |
| IBERIABANK CORP | 0.61% |
| MARRIOTT VACATIONS WORLD | 0.61% |
| MODINE MANUFACTURING CO | 0.61% |
| STONERIDGE INC | 0.61% |
| FERROGLOBE PLC | 0.60% |
| FIRST INTERNET BANCORP | 0.60% |
| GTT COMMUNICATIONS INC | 0.60% |
| INDEPENDENT BANK GROUP INC | 0.60% |
| SAIA INC | 0.60% |
| AMERISAFE INC | 0.59% |
| CHEMICAL FINANCIAL CORP | 0.59% |
| DEL TACO RESTAURANTS INC | 0.59% |
| FIRST BUSEY CORP | 0.59% |
| HEARTLAND FINANCIAL USA INC | 0.59% |
| ENSIGN GROUP INC/THE | 0.58% |
| PNM RESOURCES INC | 0.58% |
| CALLON PETROLEUM CO | 0.57% |
| CIVISTA BANCSHARES INC | 0.57% |
| FIRST FINANCIAL BANCORP | 0.57% |
| FRANKLIN FINANCIAL NETWORK | 0.57% |
| INNOPHOS HOLDINGS INC | 0.57% |
| ORION GROUP HOLDINGS INC | 0.57% |
| PDC ENERGY INC | 0.57% |
| GREIF INC -CL A | 0.56% |
| SANDERSON FARMS INC | 0.56% |
| YRC WORLDWIDE INC | 0.56% |
| DANA INC | 0.55% |
| FERRO CORP | 0.55% |
| SPIRIT AIRLINES INC | 0.55% |
| EAGLE PHARMACEUTICALS INC | 0.54% |
| ENPRO INDUSTRIES INC | 0.53% |
| GOODYEAR TIRE & RUBBER CO | 0.53% |
| NMI HOLDINGS INC-CLASS A | 0.53% |
| PENN NATIONAL GAMING INC | 0.53% |
| WESTERN ALLIANCE BANCORP | 0.53% |
| ANIXTER INTERNATIONAL INC | 0.52% |
| BOFI HOLDING INC | 0.52% |
| CARRIAGE SERVICES INC | 0.52% |
| HANOVER INSURANCE GROUP INC/ | 0.52% |
| INVESTORS BANCORP INC | 0.52% |
| JAMES RIVER GROUP HOLDINGS L | 0.52% |
| LTC PROPERTIES INC | 0.52% |
| NCI BUILDING SYSTEMS INC | 0.52% |
| SPARTANNASH CO | 0.52% |
| UNIVEST CORP OF PENNSYLVANIA | 0.52% |
| EPR PROPERTIES | 0.51% |
| FULGENT GENETICS INC | 0.51% |
| GENERAL CABLE CORP | 0.51% |
| LIVE NATION ENTERTAINMENT IN | 0.51% |
| PBF ENERGY INC-CLASS A | 0.51% |
| WSFS FINANCIAL CORP | 0.51% |
| AMERICAN VANGUARD CORP | 0.50% |
| CAPITOL ACQUISITION CORP III | 0.50% |
| FIRST CONNECTICUT BANCORP | 0.50% |
| GRANITE CONSTRUCTION INC | 0.50% |
| DYCOM INDUSTRIES INC | 0.49% |
| EDGEWELL PERSONAL CARE CO | 0.49% |
| HERCULES CAPITAL INC | 0.49% |
| MARTEN TRANSPORT LTD | 0.49% |
| SKYWEST INC | 0.49% |
| CONTINENTAL BUILDING PRODUCT | 0.48% |
| EMERGENT BIOSOLUTIONS INC | 0.48% |
| TRIPLEPOINT VENTURE GROWTH B | 0.48% |
| UNITED COMMUNITY BANKS/GA | 0.48% |
| AVISTA CORP | 0.47% |
| COTT CORPORATION | 0.47% |
| PARK-OHIO HOLDINGS CORP | 0.47% |
| SUMMIT MATERIALS INC -CL A | 0.47% |
| WASHINGTON FEDERAL INC | 0.47% |
| APARTMENT INVT & MGMT CO -A | 0.46% |
| CBL & ASSOCIATES PROPERTIES | 0.46% |
| EVERI HOLDINGS INC | 0.46% |
| BELDEN INC | 0.44% |
| CNO FINANCIAL GROUP INC | 0.44% |
| PARAMOUNT GROUP INC | 0.44% |
| TANGER FACTORY OUTLET CENTER | 0.44% |
| VWR CORP | 0.44% |
| KADANT INC | 0.43% |
| PLY GEM HOLDINGS INC | 0.43% |
| ATLAS AIR WORLDWIDE HOLDINGS | 0.42% |
| BLOOMIN' BRANDS INC | 0.42% |
| ENNIS INC | 0.42% |
| MADISON SQUARE GARDEN CO- A | 0.42% |
| NATIONAL GENERAL HLDGS | 0.42% |
| NOMAD FOODS LTD | 0.42% |
| SOUTHSIDE BANCSHARES INC | 0.42% |
| SUCAMPO PHARMACEUTICALS-CL A | 0.42% |
| WASHINGTON TRUST BANCORP | 0.42% |
| EDUCATION REALTY TRUST INC | 0.41% |
| OM ASSET MANAGEMENT PLC | 0.41% |
| MAIDEN HOLDINGS LTD | 0.40% |
| PROVIDENT FINANCIAL SERVICES | 0.40% |
| ASTORIA FINANCIAL CORP | 0.39% |
| LAKELAND FINANCIAL CORP | 0.39% |
| PERRY ELLIS INTERNATIONAL | 0.39% |
| ADVANCED ENERGY INDUSTRIES | 0.38% |
| CONVERGYS CORP | 0.38% |
| EZCORP INC-CL A | 0.38% |
| GULFPORT ENERGY CORP | 0.38% |
| MINERALS TECHNOLOGIES INC | 0.38% |
| VIRTUSA CORP | 0.38% |
| CONATUS PHARMACEUTICALS INC | 0.36% |
| HORIZON GLOBAL CORP | 0.36% |
| RING ENERGY INC | 0.35% |
| KRATON CORP | 0.31% |
| MIDWESTONE FINANCIAL GROUP I | 0.27% |
| SUPERVALU INC | 0.27% |
| TAILORED BRANDS INC | 0.27% |
| CHERRY HILL MORTGAGE INVESTM | 0.24% |
| DYNEGY INC | 0.22% |
| VECTRUS INC | 0.22% |
| INDEPENDENCE CONTRACT DRILLI | 0.21% |
| FTD COS INC | 0.17% |
| CLIPPER REALTY INC | 0.12% |
| AAC HOLDINGS INC | 0.07% |
| HAMILTON LANE INC-CLASS A | 0.07% |
| BANCTEC INC-144A CONTINGENT VALUE RIGHTS | 0.00% |
| FERROGLOBE REPRESENTATION & | 0.00% |
Prior top 10 holdings
| Top 10 holdings as of 06/30/17 | |
|---|---|
| 1: Party City Holdco | 1.25% |
| 2: Radian Group | 1.18% |
| 3: Ncr Corp | 1.17% |
| 4: Quanta Services | 1.16% |
| 5: Flex | 1.12% |
| 6: Seaworld Entertainment | 1.06% |
| 7: Sprouts Farmers Market | 1.06% |
| 8: New York Reit | 1.04% |
| 9: Hyster-Yale Materials Handling | 1.04% |
| 10: Time | 1.01% |
| Holdings represent 11.09% of portfolio | |
| Top 10 holdings as of 05/31/17 | |
|---|---|
| 1: Seaworld Entertainment | 1.24% |
| 2: Party City Holdco | 1.10% |
| 3: Calpine Corp | 0.94% |
| 4: New York Reit | 0.87% |
| 5: Conduent | 0.87% |
| 6: Belden | 0.85% |
| 7: Atlas Air Worldwide Holdings | 0.83% |
| 8: Healthsouth Corp | 0.80% |
| 9: Amn Healthcare Services | 0.79% |
| 10: Hanover Insurance Group The | 0.76% |
| Holdings represent 9.05% of portfolio | |
| Top 10 holdings as of 04/30/17 | |
|---|---|
| 1: Summit Hotel Properties | 1.00% |
| 2: First Merchants Corp | 0.93% |
| 3: J2 Global | 0.90% |
| 4: Control4 Corp | 0.89% |
| 5: Energen Corp | 0.89% |
| 6: Tower Semiconductor | 0.89% |
| 7: Reinsurance Group Of America | 0.80% |
| 8: Rayonier | 0.78% |
| 9: Patterson-Uti Energy | 0.78% |
| 10: Redwood Trust | 0.76% |
| Holdings represent 8.62% of portfolio | |
| Top 10 holdings as of 03/31/17 | |
|---|---|
| 1: Summit Hotel Properties | 0.98% |
| 2: Tower Semiconductor | 0.96% |
| 3: Energen Corp | 0.94% |
| 4: Idacorp | 0.92% |
| 5: First Merchants Corp | 0.89% |
| 6: Control4 Corp | 0.87% |
| 7: J2 Global | 0.85% |
| 8: Orbotech | 0.85% |
| 9: Patterson-Uti Energy | 0.83% |
| 10: Reinsurance Group Of America | 0.82% |
| Holdings represent 8.91% of portfolio | |
Portfolio Composition as of 06/30/17
| Common stock | 91.26% |
|
|---|---|---|
| Cash and net other assets | 8.74% |
|
Portfolio allocations will vary over time. The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.
The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty.Although value investing targets stocks believed to be priced too low, there is no guarantee they will appreciate.
Sales Charges/Fees
| Breakpoint | Sales Charge | Dealer Allowance | CDSC Liab |
|---|---|---|---|
| $0 - $0 | 0.00% | 0.00% | N |
The fund invests all or a portion of its assets in small to midsize companies. Such investments increase the risk of greater price fluctuations. Withdrawals prior to age 59 1/2 may be subject to a 10% IRS penalty.Although value investing targets stocks believed to be priced too low, there is no guarantee they will appreciate.
‡ Lipper is an industry research firm whose rankings are based on total return performance, vary over time, and do not reflect the effects of sales charges. Past performance is not indicative of future results.