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. Information above does not take into account any applicable sales charges.
Average Annual Total Returns As of 10/31/2022 As of 09/30/2022
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 09/30/2022
Holdings As of 10/31/2022
Full Holdings Report available at least 45 calendar days after quarter-end.
As of October 31, 2022, the Fund does not have direct exposure to and does not hold companies listed or domiciled in Russia, Ukraine or Belarus.
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.
Return on Invested Capital
Oct 06, 2022
We discuss how to calculate return on invested capital (ROIC) and show how it is connected to free cash flow, economic profit, and growth. We work through the challenges in estimating it, present empirical data, review how adjusting for intangible investments can reshape the figures, and include a case study.