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Disciplined Value International Fund (JDVIX)

Daily Price as of 4/24/18

14.11 0.07 0.49

Management Team

No Photo Available
Christopher K. Hart, CFA

On the fund since 2011
Investing since 1991

No Photo Available
Joshua M. Jones, CFA

On the fund since 2013 
Investing since 2004

No Photo Available
Joseph F. Feeney, Jr., CFA

On the fund since 2011 
Investing since 1985

Top Holdings (%)

as of 3/31/18
Royal Dutch Shell PLC 3.21
Total SA 2.48
Roche Holding AG 2.19
Everest Re Group, Ltd. 2.17
Swiss Re AG 2.04
Capgemini SE 1.81
Nomad Foods, Ltd. 1.72
Atos Se 1.69
Aviva PLC 1.56
Fuji Electric Company, Ltd. 1.56
The Fund’s holdings are subject to change at any time. Characteristics are expressed as a percentage of net assets except for certain closed-end funds where characteristics are expressed as a percentage of total managed assets.

All Funds (with the exception of the Money Market Fund) exclude cash and cash equivalent securities from Top holdings and Top issuers.

Goal and strategy

The fund seeks to provide long-term growth of capital. Under normal circumstances, the fund invests at least 80% of its net assets in a diversified portfolio of equity and equity-related securities issued by non-U.S. companies of any capitalization size. The fund generally invests in the equity securities of issuers believed by the manager to be undervalued in the marketplace, focusing on issuers that combine attractive valuations with catalysts for change. The manager applies a bottom-up stock selection process in managing the fund, using a combination of fundamental and quantitative analysis. Securities are selected based on various factors, such as price-to-book value, price-to-sales and earnings ratios, dividend yields, strength of management, and cash flow.

Average Annual Total Returns1

Month-End Performance (%) as of 3/31/18
QTD YTD 1YR 3YR 5YR Life of Fund
(not annualized)
Quarter-End Performance (%) as of 3/31/18
QTD YTD 1YR 3YR 5YR Life of Fund
(not annualized)

Cumulative Returns

Month-End Performance (%) as of 3/31/18
QTD YTD 1YR 3YR 5YR Life of Fund

The performance data shown represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors' shares, when sold, may be worth more or less than their original cost. See performance data current to the most recent month-end, which may be higher or lower than that cited.

Performance figures assume that all distributions are reinvested.

Performance shown is for the share class indicated only. The performance of other share classes will vary. The Fund Operating Expenses are 1.01%.

Morningstar Rating3

Overall Rating

As of 3/31/18 the Fund was rated 3 stars out of 605 funds and 4 stars out of 536 funds for the 3- and 5-year periods, respectively.

Overall rating is based on the 3-, 5-, and 10-year (if applicable) Morningstar Risk-Adjusted Returns and accounts for variation in a fund's monthly performance. Other classes may be rated differently.

The funds have experienced negative performance for various time periods, including, but not limited to, the 3-, 5-, or 10-year periods for which the Morningstar star ratings are issued.

For each managed product (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a 3-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return that accounts for variation in a fund’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. The top 10.0% of funds in each category, the next 22.5%, 35.0%, 22.5%, and bottom 10.0% receive 5, 4, 3, 2, or 1 star(s), respectively. The overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. The rating formula most heavily weights the 3-year rating, using the following calculation: 100% 3-year rating for 36 to 59 months of total returns, 60% 5-year rating/40% 3-year rating for 60 to 119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. Star ratings do not reflect the effect of any applicable sales load. Past performance does not guarantee future results.

1 The fund is the successor to Robeco Boston Partners International Equity Fund (predecessor fund) and was first offered on 9/29/14. Returns prior to this date are those of the predecessor fund’s institutional class shares, launched on 12/30/11, and may be higher than if adjusted to reflect the expenses of any other share classes.
2 As of the most recent month end. The Morningstar Style Box™ reveals the fund’s investment style.

For equity funds, the vertical axis shows the market capitalization, or size, of the stocks owned and the horizontal axis shows investment style (value, blend, or growth).
3 Morningstar proprietary ratings reflect risk-adjusted performance through the most recent month end. The ratings are subject to change every month.