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Fund data as of 09/30/2017 unless otherwise specified.
NASDAQ Ticker:GDMZX
CUSIP:40171W181
Inception Date:9/1/2011
Fund Fact Sheet:Download
Investment Objective:The Fund seeks to provide long-term capital appreciation with reduced volatility compared to equity markets.
Investment Strategy:The Fund is actively managed and invests mainly in equity securities with defensive characteristics. The Fund may also invest to a lesser extent in convertible bonds.
Investment Suitability:This Fund may be suitable for investors who have a medium to long-term investment horizon, possess a moderate tolerance for risk and seek to participate in the return potential of stocks at a slightly lower risk level than an all stock portfolio.

The value of a convertible securities generally increases and decreases with the value of the underlying common stock, but may also be sensitive to changes in interest rates. This Fund is subject to interest rate risk. Meaning, when interest rates rise, the value of the existing bonds decrease and vice versa. Foreign securities may be subject to greater risk than domestic securities due to currency volatility, reduced market liquidity and political and economic instability. To the extent that the investment advisor misjudges current market conditions, the Fund’s volatility may be amplified by its use of short sales and derivatives, and by its ability to select sub-advisers to allocate assets. Short sales by a Fund theoretically involve unlimited loss potential since the market price of securities sold short may continuously increase. Leverage may increase the risk of loss and cause fluctuations in the market value of the Fund’s portfolio to have disproportionately large effects or cause the NAV of the fund generally to decline faster than it would otherwise.

Fund Size ($ in millions)

Total fund net assets for all share classes945
Number of holdings714
$ in millions

Benchmark

S&P 500® Index50%
Citigroup 3-Month Treasury Bill Index50%
Total100%

Sub-Adviser Composite

American Century Investment Management28%
AQR Capital Management22%
Parametric Portfolio Associates25%
Shenkman Capital Management25%
Total100%

Risk/Reward

The chart above places the funds in a general risk/reward order according to the historical risk and performance characteristics based on the types of securities in which they invest. It is intended to be a general guide of the risk/reward potential of the funds. There is no guarantee past trends will continue.

Portfolio composition subject to change at any time.