Small Cap Growth Fund

Standardized Returns

As of 10/31/2023
  Month YTD 1 Yr. 3 Yrs. 5 Yrs. 10 Yrs.
Small Cap Growth Fund -6.94% -2.53% -2.85% 3.49% 5.70% 8.44%
Russell 2000® Growth Index -7.71% -2.87% -7.63% -1.83% 2.68% 5.67%
Morningstar Small Growth Category -7.62% -3.30% -6.91% -0.92% 4.71% 6.67%
Morningstar Quartile Ranking in Category----1121
Fund's Ranking / # of Funds in Peer Group----106 / 59576 / 560140 / 52646 / 395
Morningstar Rating------
Expense Ratio (Gross): 1.12%
Expense Ratio (Net): 0.99%

Calendar Year Total Returns

  2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Small Cap Growth Fund -21.39% 13.22% 38.68% 22.51% -1.88% 26.99% 19.22% -4.20% 2.87% 53.13%
Russell 2000® Growth Index -26.36% 2.83% 34.63% 28.48% -9.31% 22.17% 11.32% -1.38% 5.60% 43.30%

The Fund’s Adviser has contractually agreed to waive fees and/or reimburse expenses to limit fund operating expenses until 4/30/24.

For most recent net asset values and year-to-date total return information, please click here.

Performance cited represents past performance. Past performance does not guarantee future results and current performance may be lower or higher than the data quoted. Returns shown assume reinvestment of dividends and capital gains. Investment returns and principal will fluctuate with market and economic conditions and you may have a gain or loss when you sell shares. For the most current month-end performance information, please call +1 800 742 7272, or visit our Web site at Class N shares are available to the general public without a sales load. Class I and Class R6 shares are available only to investors who meet certain eligibility requirements.

The Russell 2000® Growth Index consists of small-capitalization companies with above average price-to-book ratios and forecasted growth rates. The Index is unmanaged, does not incur fees or expenses, and cannot be invested in directly.

The Morningstar Small Growth Category represents the average annual composite performance of all mutual funds listed in the Small Growth Category by Morningstar.

The Morningstar Rating 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.

Morningstar Percentile Rankings are based on the Fund's total return (excluding sales charge) relative to all the funds in the same Morningstar category, where 1 is the highest and 100 is the lowest percentile rank. Ratings and rankings are one measure of performance. Some of our Funds have experienced negative performance for the time periods shown.

Morningstar Quartile Rankings are based on Morningstar Percentile Ranking in Morningstar Category, where 1% - 25% = first quartile (1); 26% - 50% = second quartile (2); 51% - 75% = third quartile (3); and 76% - 100% = fourth quartile (4). The Morningstar Percentile Ranking compares a Fund's Morningstar risk and return scores with all the Funds in the same Category, where 1% = Best and 100% = Worst.

Morningstar Ranking / # of Funds in Category displays the fund's actual rank within its Morningstar Category based on average annual total return and number of Funds in that Category.

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