Current performance may be lower or higher than the quoted past performance, which cannot guarantee future results. Share price, principal value, and return will vary, and you may have a gain or loss when you sell your shares. Performance assumes reinvestment of distributions and does not account for taxes. The "before sales charge" performance does not reflect the current maximum sales charges, which we explain below. If performance did reflect the charges, it would be lower. The "after sales charge" performance (or returns at public offering price) varies by share class and fund. For class A and class M shares, the current maximum initial sales charges are 5.75% and 3.50% for equity funds and 4.00% and 3.25% for income funds, respectively (with these exceptions: 2.25% for class A of Putnam Floating Rate Income Fund, Short-Term Municipal Income, Short Duration Bond Fund, and Fixed Income Absolute Return Fund). Class B share performance reflects the applicable contingent deferred sales charge (CDSC), which is 5% in the first year, declines to 1% in the sixth year, and is eliminated thereafter (except for Putnam Floating Rate Income Fund, Putnam Short Duration Bond Fund, and Putnam Fixed Income Absolute Return Fund; for these funds, the CDSC is 1% in the first year, declines to 0.5% in the second year, and is eliminated thereafter). Class C share performance reflects a 1% CDSC the first year that is eliminated thereafter. Performance for class B, C, M, N, R, and Y shares prior to their inception is derived from the historical performance of class A shares by adjusting for the applicable sales charge (or CDSC) and, except for class Y shares, the higher operating expenses for such shares (note, for two funds — Putnam Tax-Free High Yield Fund and Putnam Strategic Intermediate Municipal Fund performance prior to inception is based on the historical performance of class B shares). Performance for class A, C, R6, and Y shares of Putnam Mortgage Opportunities Fund before their inception is derived from the historical performance of class I shares, which has been adjusted for the applicable sales charge (or CDSC) and the higher operating expenses for such shares. The "after sales charge" performance (at public offering price) for class N shares reflects the current maximum initial sales charge of 1.50%. Class R, R3, R4, R5, and R6 shares, which are available to qualified employee-benefit plans only, are sold without an initial sales charge and have no CDSC. Class Y shares are generally only available for corporate and institutional clients and have no initial sales charge. Performance for class R3 and R4 shares prior to their inception is derived from the historical performance of class Y shares by adjusting for the higher operating expenses for such shares. Performance for class R5 shares before their inception is derived from the historical performance of class Y shares, which has not been adjusted for the lower expenses; had it been adjusted, performance would be higher (with the exception of the RetirementReady Maturity, 2025, 2030, 2035, and 2040 Funds, for which performance is derived from the historical performance of class R6 shares and has been adjusted for the higher operating expenses for such shares; and the RetirementReady 2045, 2050, 2055, and 2060 Funds, for which performance is derived from the historical performance of class R6 shares and has not been adjusted for the lower expenses; had it been adjusted, performance would be higher). Performance for class R6 shares before their inception is derived from the historical performance of class Y shares, which has not been adjusted for the lower operating expenses; had it been adjusted, performance would be higher. For a portion of the period, some funds had expenses limitations or had been sold on a limited basis with limited assets and expenses. Had these limits not been in place, performance would be lower.
Active Equities
Small Cap Value Fund (Class Y) (PYSVX)
Pursuing capital appreciation through undervalued small companies
Small caps may broaden value opportunities in a portfolio
Portfolio Manager Michael Petro, CFA, explains how small-cap value stocks can complement large caps and broaden a value portfolio.
Highlights
Objective
The fund seeks capital appreciation.
Strategy and process
- Small companiesOften overlooked by Wall Street analysts, the stocks of small companies can be attractive opportunities.
- Active value strategyThe strategy seeks undervalued companies with improving fundamentals or catalysts that may unlock potential.
- Rigorous researchThe portfolio manager collaborates with strategy and sector analysts, combining the benefits of a focused boutique with the extensive resources of a global firm.
Fund price and assets |
Yesterday’s close | 52-week high | 52-week low | Net assets and outstanding shares |
|---|---|---|---|---|
| Net asset value |
$16.18
2.02% | $0.32 |
$17.67
11/08/21 |
$14.81
05/11/22 |
Download CSV |
Fund facts as of 04/30/22
$322.75M
60%
Annually
107
February
746802289 / 1853
01/03/01
Value
PYSVX
Literature
Fund documents |
| Prospectuses/SAI |
| Fact Sheet (R6 share) (PDF) |
| Fact Sheet (YA share) (PDF) |
| Annual Fund Report (PDF) |
| Semiannual Fund Report (PDF) |
| Quarterly Commentary (PDF) |
| White Paper: Integrated Insights (PDF) |
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Investors may be underestimating the immense range of potential outcomes for the Russia-Ukraine War.Performance
Total return (%) as of 03/31/22
Annual performance as of 03/31/22
Annualized Total return (%) as of 03/31/22
| Annualized performance | 1 yr. | 3 yrs. | 5 yrs. | 10 yrs. |
|---|---|---|---|---|
| Before sales charge | 13.60% | 16.92% | 9.21% | 11.14% |
| After sales charge | N/A | N/A | N/A | N/A |
| Russell 2000 Value Index | 3.32% | 12.73% | 8.57% | 10.54% |
Performance snapshot
| Before sales charge | After sales charge | ||
|---|---|---|---|
| 1 mt. as of 04/30/22 | -7.07% | - | |
| YTD as of 05/26/22 | -6.10% | - | |
Risk-adjusted performance as of 04/30/22
| Alpha (3 yrs.) | 2.62 |
|---|---|
| Sharpe ratio (3 yrs.) | 0.40 |
| Treynor ratio (3 yrs.) | 10.08 |
| Information ratio (3 yrs.) | 0.59 |
Volatility as of 04/30/22
| Standard deviation (3 yrs.) | 28.70% |
|---|---|
| Beta | 1.13 |
| R-squared | 0.97 |
Capture ratio as of 04/30/22
| Up-market (3 yrs.) | 114.14 |
|---|---|
| Down-market (3 yrs.) | 106.29 |
Lipper rankings as of 04/30/22
| Time period | Rank/Funds in category | Percentile ranking |
|---|---|---|
| 1 yr. | 46/234 | 20% |
| 3 yrs. | 37/215 | 18% |
| 5 yrs. | 88/205 | 43% |
| 10 yrs. | 39/155 | 25% |
Morningstar Ratings™ as of 04/30/22
| Time period | Funds in category | Morningstar Rating™ |
|---|---|---|
| Overall | 434 | |
| 3 yrs. | 434 | |
| 5 yrs. | 411 | |
| 10 yrs. | 312 |
Distributions
| Record/Ex dividend date | 12/06/21 |
|---|---|
| Payable date | 12/08/21 |
| Income | $0.078 |
| Extra income | -- |
| Short-term cap. gain | -- |
| Long-term cap. gain | -- |
Lipper rankings are based on total return without sales charge relative to all share classes of funds with similar objectives as determined by Lipper. Past performance is not indicative of future results.
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
The up-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has risen. The ratio is calculated by dividing the manager’s returns by the returns of the index during the up-market, and multiplying that factor by 100. The down-market capture ratio is used to evaluate how well an investment manager performed relative to an index during periods when that index has dropped. The ratio is calculated by dividing the manager’s returns by the returns of the index during the down-market and multiplying that factor by 100.
Holdings
| Sm Energy | 1.85% |
|---|---|
| Magnolia Oil Gas Corp | 1.73% |
| Hackett Group The | 1.55% |
| Universal Technical Institute | 1.53% |
| Cnx Resources Corp | 1.51% |
| Lantheus Holdings | 1.41% |
| Option Care Health | 1.41% |
| Major Drilling | 1.41% |
| Mrc Global | 1.36% |
| Brookdale Senior Living | 1.34% |
| Top 10 holdings, percent of portfolio | 15.10% |
| Top 10 holdings as of 04/30/22 | |
|---|---|
| Sm Energy | |
| Magnolia Oil Gas Corp | |
| Hackett Group The | |
| Universal Technical Institute | |
| Cnx Resources Corp | |
| Lantheus Holdings | |
| Option Care Health | |
| Major Drilling | |
| Mrc Global | |
| Brookdale Senior Living | |
| Holdings represent 15.10% of portfolio | |
| Top 10 holdings as of 03/31/22 | |
|---|---|
| Sm Energy | |
| Magnolia Oil Gas Corp | |
| Hackett Group The | |
| Limelight Networks | |
| Major Drilling | |
| Cnx Resources Corp | |
| Brookdale Senior Living | |
| Mrc Global | |
| Universal Technical Institute | |
| Option Care Health | |
| Holdings represent 14.52% of portfolio | |
| Top 10 holdings as of 02/28/22 | |
|---|---|
| Sm Energy | |
| Magnolia Oil Gas Corp | |
| Brookdale Senior Living | |
| Hackett Group The | |
| Lantheus Holdings | |
| Newpark Resources | |
| Universal Technical Institute | |
| Sterling Construction | |
| Cnx Resources Corp | |
| Mrc Global | |
| Holdings represent 13.83% of portfolio | |
| Top 10 holdings as of 01/31/22 | |
|---|---|
| Magnolia Oil Gas Corp | |
| Sm Energy | |
| Vista Outdoor | |
| Hackett Group The | |
| Cnx Resources Corp | |
| Newpark Resources | |
| Icf International | |
| Limelight Networks | |
| Bancorp The | |
| Oriental Finl Group Com | |
| Holdings represent 13.76% of portfolio | |
| SM ENERGY CO SEDOL 2764188 | 1.86% |
|---|---|
| MAGNOLIA OIL & GAS CORP - A SEDOL BF2GC59 | 1.62% |
| HACKETT GROUP INC/THE SEDOL 2249254 | 1.49% |
| LIMELIGHT NETWORKS INC SEDOL B1YB674 | 1.49% |
| MAJOR DRILLING GROUP INTL SEDOL 2557515 | 1.44% |
| CNX RESOURCES CORP SEDOL BF3FTF4 | 1.40% |
| BROOKDALE SENIOR LIVING INC SEDOL B0PZN33 | 1.40% |
| MRC GLOBAL INC SEDOL B7M66F1 | 1.34% |
| UNIVERSAL TECHNICAL INSTITUT SEDOL 2002543 | 1.24% |
| OPTION CARE HEALTH INC SEDOL BKM5C62 | 1.24% |
| NEWPARK RESOURCES INC SEDOL 2636878 | 1.19% |
| ARIS WATER SOLUTION INC-A SEDOL BNV0RQ4 | 1.18% |
| ICF INTERNATIONAL INC SEDOL B1FP363 | 1.16% |
| CRANE CO SEDOL 2231897 | 1.16% |
| CUSTOM TRUCK ONE SOURCE INC SEDOL BL66YS4 | 1.15% |
| LADDER CAPITAL CORP-REIT SEDOL BJ367P1 | 1.14% |
| RUMBLEON INC-B SEDOL BMZN2Y5 | 1.14% |
| LANTHEUS HOLDINGS INC SEDOL BP8S8J5 | 1.12% |
| STERLING CONSTRUCTION CO | 1.12% |
| HAYNES INTERNATIONAL INC SEDOL B02WVH7 | 1.08% |
| AVIAT NETWORKS INC SEDOL BZ9NWS6 | 1.05% |
| OFG BANCORP SEDOL B87LKR8 | 1.04% |
| VISTA OUTDOOR INC SEDOL BVGC697 | 1.02% |
| WILLSCOT MOBILE MINI HOLDING SEDOL BMHL0Z4 | 1.01% |
| RLJ LODGING TRUST SEDOL B3PY1N7 | 1.01% |
| NEW RESIDENTIAL INVESTMENT SEDOL BRJ9GW0 | 1.01% |
| WALKER & DUNLOP INC SEDOL B4TZV44 | 1.01% |
| FIRST FOUNDATION INC SEDOL BMMVY68 | 1.01% |
| CLEAN HARBORS INC SEDOL 2202473 | 1.00% |
| TRONOX HOLDINGS PLC- A SEDOL BJT16S6 | 0.98% |
| PREFERRED BANK/LOS ANGELES SEDOL 2763602 | 0.98% |
| NVENT ELECTRIC PLC SEDOL BDVJJQ5 | 0.97% |
| CROSSFIRST BANKSHARES INC SEDOL BK0XBX8 | 0.96% |
| SCORPIO TANKERS INC SEDOL BHXD297 | 0.95% |
| CONNECTONE BANCORP INC SEDOL BNQ4YF9 | 0.95% |
| OLIN CORP SEDOL 2658526 | 0.95% |
| EPR PROPERTIES SEDOL B8XXZP1 | 0.94% |
| FIVE STAR BANCORP SEDOL BP2C8W6 | 0.93% |
| TITAN MACHINERY INC SEDOL B29H3T5 | 0.92% |
| DELUXE CORP SEDOL 2260363 | 0.92% |
| SUPER MICRO COMPUTER INC SEDOL B1VQR35 | 0.92% |
| LIONS GATE ENTERTAINMENT-A SEDOL BD8NBC0 | 0.92% |
| RYERSON HOLDING CORP SEDOL B3TPPZ6 | 0.92% |
| COMMERCIAL METALS CO SEDOL 2213260 | 0.91% |
| BANCORP INC/THE SEDOL B05BRL7 | 0.91% |
| ZIFF DAVIS INC SEDOL B75DGJ3 | 0.91% |
| APPLE HOSPITALITY REIT INC SEDOL BXRTX56 | 0.90% |
| TIVITY HEALTH INC SEDOL BD8Q1B8 | 0.90% |
| PHOTRONICS INC SEDOL 2687315 | 0.90% |
| METROPOLITAN BANK HOLDING CO SEDOL BDBRDR8 | 0.89% |
| ACCO BRANDS CORP SEDOL B0G7SZ5 | 0.89% |
| COASTAL FINANCIAL CORP/WA SEDOL BF7J9X0 | 0.89% |
| UNIFI INC SEDOL 2911865 | 0.88% |
| PENNANTPARK INVESTMENT CORP SEDOL B1W5VY0 | 0.88% |
| ACADIA HEALTHCARE CO INC SEDOL B65VZ37 | 0.88% |
| DIME COMMUNITY BANCSHARES IN SEDOL BMFZ702 | 0.87% |
| JABIL INC SEDOL 2471789 | 0.86% |
| UNISYS CORP SEDOL 2931595 | 0.86% |
| ANTARES PHARMA INC SEDOL 2383163 | 0.86% |
| MAXAR TECHNOLOGIES INC SEDOL BF2KYF5 | 0.86% |
| CHART INDUSTRIES INC SEDOL B19HNF4 | 0.86% |
| QUANEX BUILDING PRODUCTS SEDOL B2QXCJ9 | 0.84% |
| PREMIER FINANCIAL CORP SEDOL BLFBX72 | 0.83% |
| ALPINE INCOME PROPERTY TRUST SEDOL BKMQX40 | 0.83% |
| QCR HOLDINGS INC. | 0.83% |
| CITI TRENDS INC SEDOL B06FLD8 | 0.82% |
| XENIA HOTELS & RESORTS INC SEDOL BVV6CY1 | 0.82% |
| ARGO GROUP INTERNATIONAL SEDOL 2499543 | 0.82% |
| EVERI HOLDINGS INC SEDOL BYV34V4 | 0.82% |
| HILLENBRAND INC SEDOL B2QGDP1 | 0.82% |
| IBEX LTD SEDOL BLF81K2 | 0.82% |
| AKA BRANDS HOLDING CORP SEDOL BPF0FG0 | 0.81% |
| COLUMBUS MCKINNON CORP/NY SEDOL 2211071 | 0.81% |
| TURNING POINT BRANDS INC SEDOL BYQ7X92 | 0.81% |
| RADIANT LOGISTICS INC SEDOL B065G33 | 0.81% |
| SPIRIT REALTY CAPITAL INC SEDOL BHHZBZ8 | 0.81% |
| LAKELAND BANCORP INC SEDOL 2620031 | 0.80% |
| BRIDGEWATER BANCSHARES INC SEDOL BFMZC67 | 0.80% |
| DIVERSIFIED HEALTHCARE TRUST SEDOL BKRN595 | 0.80% |
| ONE GAS INC SEDOL BJ0KXV4 | 0.80% |
| ORIGIN BANCORP INC SEDOL BDFFBM9 | 0.80% |
| HERITAGE INSURANCE HOLDINGS SEDOL BMN9870 | 0.79% |
| UMB FINANCIAL CORP SEDOL 2918510 | 0.79% |
| UNIVEST FINANCIAL CORP SEDOL 2690636 | 0.78% |
| RAMBUS INC SEDOL 2721967 | 0.77% |
| API GROUP CORP SEDOL BMBPH06 | 0.77% |
| TPG INC SEDOL BNKBB55 | 0.77% |
| VECTRUS INC SEDOL BQS2V17 | 0.76% |
| ALAMOS GOLD INC-CLASS A SEDOL BYNBW45 | 0.76% |
| AMERIS BANCORP SEDOL 2038849 | 0.75% |
| BRINKER INTERNATIONAL INC SEDOL 2193544 | 0.74% |
| EQUITY BANCSHARES INC - CL A SEDOL BYZG9Q9 | 0.73% |
| VERRA MOBILITY CORP SEDOL BFXX5X8 | 0.73% |
| TRINITY CAPITAL INC SEDOL BMFWRS1 | 0.72% |
| KARAT PACKAGING INC SEDOL BKDZ6W5 | 0.71% |
| SUN COUNTRY AIRLINES HOLDING SEDOL BM8TFC9 | 0.70% |
| LSI INDUSTRIES INC SEDOL 2499026 | 0.69% |
| UNITIL CORP SEDOL 2925037 | 0.67% |
| AEROJET ROCKETDYNE HOLDINGS SEDOL BWD7PX9 | 0.66% |
| RADNET INC SEDOL B1JNG19 | 0.65% |
| FIRST BANCSHARES INC/MS SEDOL 2184300 | 0.64% |
| SOUTHERN FIRST BANCSHARES SEDOL 2508030 | 0.64% |
| BERKSHIRE HILLS BANCORP INC SEDOL 2606570 | 0.62% |
| ANDERSONS INC/THE SEDOL 2274922 | 0.61% |
| AVEANNA HEALTHCARE HOLDINGS SEDOL BNYK9Y3 | 0.57% |
| HOOKER FURNITURE CORP | 0.53% |
| PROFESSIONAL HOLDING CORP-A SEDOL BWTNW74 | 0.50% |
| MAYVILLE ENGINEERING CO INC SEDOL BJLD0Y4 | 0.32% |
| SP PLUS CORP SEDOL BH2QZH6 | 0.31% |
| FERROGLOBE REPRESENTATION & | 0.00% |
| OLN 20220520 P 47.00JPMCB | -0.00% |
| VISTA OUTDOOR INC SEDOL BVGC697 | 1.80% |
|---|---|
| SM ENERGY CO SEDOL 2764188 | 1.62% |
| MAGNOLIA OIL & GAS CORP - A SEDOL BF2GC59 | 1.53% |
| HACKETT GROUP INC/THE SEDOL 2249254 | 1.27% |
| UNIFI INC SEDOL 2911865 | 1.21% |
| WALKER & DUNLOP INC SEDOL B4TZV44 | 1.20% |
| WILLSCOT MOBILE MINI HOLDING SEDOL BMHL0Z4 | 1.18% |
| ICF INTERNATIONAL INC SEDOL B1FP363 | 1.16% |
| UNIVERSAL TECHNICAL INSTITUT SEDOL 2002543 | 1.15% |
| TRONOX HOLDINGS PLC- A SEDOL BJT16S6 | 1.14% |
| FRANCHISE GROUP INC SEDOL BK8VYM4 | 1.12% |
| CNX RESOURCES CORP SEDOL BF3FTF4 | 1.11% |
| ACADIA HEALTHCARE CO INC SEDOL B65VZ37 | 1.08% |
| MAJOR DRILLING GROUP INTL SEDOL 2557515 | 1.08% |
| OFG BANCORP SEDOL B87LKR8 | 1.06% |
| LADDER CAPITAL CORP-REIT SEDOL BJ367P1 | 1.06% |
| FIVE STAR BANCORP SEDOL BP2C8W6 | 1.05% |
| NEW RESIDENTIAL INVESTMENT SEDOL BRJ9GW0 | 1.05% |
| LIONS GATE ENTERTAINMENT-A SEDOL BD8NBC0 | 1.05% |
| CONNECTONE BANCORP INC SEDOL BNQ4YF9 | 1.04% |
| ARGO GROUP INTERNATIONAL SEDOL 2499543 | 1.03% |
| NEWPARK RESOURCES INC SEDOL 2636878 | 1.03% |
| PHOTRONICS INC SEDOL 2687315 | 1.03% |
| ACCO BRANDS CORP SEDOL B0G7SZ5 | 1.02% |
| LAKELAND BANCORP INC SEDOL 2620031 | 1.02% |
| TURNING POINT BRANDS INC SEDOL BYQ7X92 | 1.01% |
| CROSSFIRST BANKSHARES INC SEDOL BK0XBX8 | 1.00% |
| METROPOLITAN BANK HOLDING CO SEDOL BDBRDR8 | 0.99% |
| VERRA MOBILITY CORP SEDOL BFXX5X8 | 0.99% |
| ALPINE INCOME PROPERTY TRUST SEDOL BKMQX40 | 0.98% |
| OLIN CORP SEDOL 2658526 | 0.98% |
| UNIVEST FINANCIAL CORP SEDOL 2690636 | 0.98% |
| COASTAL FINANCIAL CORP/WA SEDOL BF7J9X0 | 0.98% |
| LANTHEUS HOLDINGS INC SEDOL BP8S8J5 | 0.98% |
| CITI TRENDS INC SEDOL B06FLD8 | 0.97% |
| CRANE CO SEDOL 2231897 | 0.97% |
| RAMBUS INC SEDOL 2721967 | 0.97% |
| AMERIS BANCORP SEDOL 2038849 | 0.97% |
| PENNANTPARK INVESTMENT CORP SEDOL B1W5VY0 | 0.96% |
| ARIS WATER SOLUTION INC-A SEDOL BNV0RQ4 | 0.95% |
| TITAN MACHINERY INC SEDOL B29H3T5 | 0.95% |
| COMMERCIAL METALS CO SEDOL 2213260 | 0.95% |
| PREMIER FINANCIAL CORP SEDOL BLFBX72 | 0.94% |
| HAYNES INTERNATIONAL INC SEDOL B02WVH7 | 0.94% |
| CLEAN HARBORS INC SEDOL 2202473 | 0.94% |
| OPTION CARE HEALTH INC SEDOL BKM5C62 | 0.93% |
| NVENT ELECTRIC PLC SEDOL BDVJJQ5 | 0.93% |
| TRINITY CAPITAL INC SEDOL BMFWRS1 | 0.92% |
| AVEANNA HEALTHCARE HOLDINGS SEDOL BNYK9Y3 | 0.92% |
| PREFERRED BANK/LOS ANGELES SEDOL 2763602 | 0.92% |
| SUPER MICRO COMPUTER INC SEDOL B1VQR35 | 0.92% |
| ANDERSONS INC/THE SEDOL 2274922 | 0.91% |
| CUSTOM TRUCK ONE SOURCE INC SEDOL BL66YS4 | 0.91% |
| APPLE HOSPITALITY REIT INC SEDOL BXRTX56 | 0.91% |
| JABIL INC SEDOL 2471789 | 0.90% |
| RADIANT LOGISTICS INC SEDOL B065G33 | 0.90% |
| LIMELIGHT NETWORKS INC SEDOL B1YB674 | 0.90% |
| BANCORP INC/THE SEDOL B05BRL7 | 0.89% |
| QUANEX BUILDING PRODUCTS SEDOL B2QXCJ9 | 0.89% |
| TIVITY HEALTH INC SEDOL BD8Q1B8 | 0.88% |
| VECTRUS INC SEDOL BQS2V17 | 0.88% |
| BROOKDALE SENIOR LIVING INC SEDOL B0PZN33 | 0.88% |
| COLUMBUS MCKINNON CORP/NY SEDOL 2211071 | 0.87% |
| SILGAN HOLDINGS INC SEDOL 2809324 | 0.86% |
| UMB FINANCIAL CORP SEDOL 2918510 | 0.86% |
| EPR PROPERTIES SEDOL B8XXZP1 | 0.86% |
| GLOBAL MEDICAL REIT INC SEDOL BSNMBW7 | 0.85% |
| BRIDGEWATER BANCSHARES INC SEDOL BFMZC67 | 0.85% |
| MRC GLOBAL INC SEDOL B7M66F1 | 0.84% |
| UNISYS CORP SEDOL 2931595 | 0.84% |
| BERKSHIRE HILLS BANCORP INC SEDOL 2606570 | 0.83% |
| DELUXE CORP SEDOL 2260363 | 0.82% |
| QCR HOLDINGS INC. | 0.82% |
| MILLERKNOLL INC SEDOL 2594222 | 0.82% |
| MAXAR TECHNOLOGIES INC SEDOL BF2KYF5 | 0.82% |
| DIVERSIFIED HEALTHCARE TRUST SEDOL BKRN595 | 0.81% |
| MAYVILLE ENGINEERING CO INC SEDOL BJLD0Y4 | 0.81% |
| SOUTHERN FIRST BANCSHARES SEDOL 2508030 | 0.81% |
| ORIGIN BANCORP INC SEDOL BDFFBM9 | 0.81% |
| XENIA HOTELS & RESORTS INC SEDOL BVV6CY1 | 0.80% |
| RLJ LODGING TRUST SEDOL B3PY1N7 | 0.80% |
| UNITIL CORP SEDOL 2925037 | 0.79% |
| ALLEGIANT TRAVEL CO SEDOL B15M2C3 | 0.79% |
| RIBBON COMMUNICATIONS INC SEDOL BD2BLX1 | 0.78% |
| ONE GAS INC SEDOL BJ0KXV4 | 0.78% |
| ANTARES PHARMA INC SEDOL 2383163 | 0.77% |
| RADNET INC SEDOL B1JNG19 | 0.77% |
| FIRST FOUNDATION INC SEDOL BMMVY68 | 0.76% |
| STERLING CONSTRUCTION CO | 0.76% |
| LSI INDUSTRIES INC SEDOL 2499026 | 0.74% |
| IBEX LTD SEDOL BLF81K2 | 0.73% |
| ALAMOS GOLD INC-CLASS A SEDOL BYNBW45 | 0.73% |
| SPIRIT REALTY CAPITAL INC SEDOL BHHZBZ8 | 0.73% |
| HERITAGE INSURANCE HOLDINGS SEDOL BMN9870 | 0.73% |
| PATRICK INDUSTRIES INC SEDOL 2673154 | 0.72% |
| FIRST BANCSHARES INC/MS SEDOL 2184300 | 0.72% |
| RUMBLEON INC-B SEDOL BMZN2Y5 | 0.72% |
| ZIFF DAVIS INC SEDOL B75DGJ3 | 0.72% |
| EQUITY BANCSHARES INC - CL A SEDOL BYZG9Q9 | 0.70% |
| BRINKER INTERNATIONAL INC SEDOL 2193544 | 0.69% |
| SUN COUNTRY AIRLINES HOLDING SEDOL BM8TFC9 | 0.69% |
| ZUMIEZ INC SEDOL B081QB7 | 0.65% |
| HILLENBRAND INC SEDOL B2QGDP1 | 0.64% |
| AEROJET ROCKETDYNE HOLDINGS SEDOL BWD7PX9 | 0.60% |
| KARAT PACKAGING INC SEDOL BKDZ6W5 | 0.59% |
| HOOKER FURNITURE CORP | 0.57% |
| PROFESSIONAL HOLDING CORP-A SEDOL BWTNW74 | 0.54% |
| API GROUP CORP SEDOL BMBPH06 | 0.50% |
| OLYMPIC STEEL INC SEDOL 2659013 | 0.40% |
| ATEA PHARMACEUTICALS INC SEDOL BLN9Z50 | 0.25% |
| SARATOGA INVESTMENT CORP SEDOL B1VPWH1 | 0.15% |
| FERROGLOBE REPRESENTATION & | 0.00% |
Portfolio composition as of 04/30/22
| Common stock | 100.03% |
|---|---|
| Cash and net other assets | -0.03% |
Equity statistics as of 04/30/22
| Median market cap | $1.24B |
|---|---|
| Weighted average market cap | $2.24B |
| Price to book | 1.57 |
| Price to earnings | 12.09 |
Fund characteristics will vary over time.
Due to rounding, percentages may not equal 100%.
Consider these risks before investing: Investments in small and/or midsize companies increase the risk of greater price fluctuations. Value stocks may fail to rebound, and the market may not favor value-style investing.
The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political, or financial market conditions; investor sentiment and market perceptions; government actions; geopolitical events or changes; and factors related to a specific issuer, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. These risks are generally greater for small and midsize companies. From time to time, the fund may invest a significant portion of its assets in companies in one or more related industries or sectors, which would make the fund more vulnerable to adverse developments affecting those industries or sectors.
Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund.
Top industry sectors as of 04/30/22
| Financials | 26.34% |
|---|---|
| Industrials | 21.94% |
| Information technology | 9.37% |
| Consumer discretionary | 8.63% |
| Health care | 7.61% |
| Energy | 7.47% |
| Materials | 7.15% |
| Real estate | 6.29% |
| Communication services | 1.79% |
| Other | 3.41% |
1
The unclassified sector (where applicable) includes exchange traded funds and other securities not able to be classified by sector.
Sectors will vary over time.
Expenses
Expense ratio |
Class A | Class B | Class C | Class R | Class R5 | Class R6 | Class Y |
|---|---|---|---|---|---|---|---|
| Total expense ratio | 1.63% | 2.38% | 2.38% | 1.88% | 1.30% | 1.20% | 1.38% |
| What you pay | 1.63% | 2.38% | 2.38% | 1.88% | 1.30% | 1.20% | 1.38% |
Sales charge
| Investment Breakpoint | Class A | Class B | Class C | Class R | Class R5 | Class R6 | Class Y |
|---|---|---|---|---|---|---|---|
| $0-$49,999 | 5.75% | 0.00% | 0.00% | -- | -- | -- | -- |
| $50,000-$99,999 | 4.50% | 0.00% | 0.00% | -- | -- | -- | -- |
| $100,000-$249,999 | 3.50% | -- | 0.00% | -- | -- | -- | -- |
| $250,000-$499,999 | 2.50% | -- | 0.00% | -- | -- | -- | -- |
| $500,000-$999,999 | 2.00% | -- | 0.00% | -- | -- | -- | -- |
| $1M-$4M | 0.00% | -- | -- | -- | -- | -- | -- |
| $4M-$50M | 0.00% | -- | -- | -- | -- | -- | -- |
| $50M+ | 0.00% | -- | -- | -- | -- | -- | -- |
CDSC
| Class A (sales for $1,000,000+) | Class B | Class C | Class R | Class R5 | Class R6 | Class Y | |
|---|---|---|---|---|---|---|---|
| 0 to 9 mts. | 1.00% | 5.00% | 1.00% | -- | -- | -- | -- |
| 9 to 12 mts. | 1.00% | 5.00% | 1.00% | -- | -- | -- | -- |
| 2 yrs. | 0.00% | 4.00% | 0.00% | -- | -- | -- | -- |
| 3 yrs. | 0.00% | 3.00% | 0.00% | -- | -- | -- | -- |
| 4 yrs. | 0.00% | 3.00% | 0.00% | -- | -- | -- | -- |
| 5 yrs. | 0.00% | 2.00% | 0.00% | -- | -- | -- | -- |
| 6 yrs. | 0.00% | 1.00% | 0.00% | -- | -- | -- | -- |
| 7+ yrs. | 0.00% | 0.00% | 0.00% | -- | -- | -- | -- |
The Russell 2000® Value Index is an unmanaged index of those companies in the small-cap Russell 2000® Index chosen for their value orientation. You cannot invest directly in an index.
Consider these risks before investing: Investments in small and/or midsize companies increase the risk of greater price fluctuations. Value stocks may fail to rebound, and the market may not favor value-style investing.
The value of investments in the fund’s portfolio may fall or fail to rise over extended periods of time for a variety of reasons, including general economic, political, or financial market conditions; investor sentiment and market perceptions; government actions; geopolitical events or changes; and factors related to a specific issuer, geography, industry, or sector. These and other factors may lead to increased volatility and reduced liquidity in the fund’s portfolio holdings. These risks are generally greater for small and midsize companies. From time to time, the fund may invest a significant portion of its assets in companies in one or more related industries or sectors, which would make the fund more vulnerable to adverse developments affecting those industries or sectors.
Our investment techniques, analyses, and judgments may not produce the outcome we intend. The investments we select for the fund may not perform as well as other securities that we do not select for the fund. We, or the fund’s other service providers, may experience disruptions or operating errors that could have a negative effect on the fund. You can lose money by investing in the fund.