Fees & Expenses
Pricing & Performance
Performance data quoted represents past performance, which is no guarantee of future results, and current performance may be lower or higher than the figures shown. For the most recent month-end performance figures, please select the "month" timeframe or call 1-800-548-7786. Investment returns and principal value will fluctuate and fund shares, when redeemed, may be worth more or less than their original cost. For additional important information, please click here.
Past performance is not indicative of future results.
Average Annual Total Returns As of 01/31/2023 As of 12/31/2022
Average Annual Total Returns
Past performance is not indicative of future results. The Portfolio's calendar year returns do not include the deduction of any applicable sales charges.
Composition As of 12/31/2022
Holdings As of 12/31/2022
Full Holdings Report available at least 45 calendar days after quarter-end.
Insights by Counterpoint Global
ROIC and Intangible Assets
Nov 09, 2022
We extend the analysis from our recent report, “Return on Invested Capital,” by adjusting ROIC for all companies to reflect intangible investment. While the median and aggregate ROIC for the adjusted figures is similar to the traditional one, the main result is that extremely high and low ROICs regress toward the mean. We believe these adjustments represent a step toward a more accurate view of the magnitude and return on investment.