All data as of 1-31-19 unless otherwise noted.
|NAV as of 2-22-19||Daily change||Daily change|
|YTD return as of 2-22-19||9.35%|
|Fund inception date||1-4-94|
|Share class inception date||2-28-94|
|Net fund assets as of 2-22-19||395348562|
|3 month||Year to date||1 year||3 year||5 year||10 year||Since inception|
|Utility and Telecommunications Fund||NAV||4.22||4.91||10.61||11.49||8.07||10.95||9.00|
as of 12-31-18
|S&P 500 TR||0.26||8.01||-2.32||14.02||10.96||15.00||0.00|
|S&P 500 Utilities Sector||2.82||3.43||11.08||10.18||10.84||10.90||0.00|
|Lipper Utility Funds||3.93||4.91||8.84||10.57||7.92||10.22||–|
Three-month and year-to-date returns are not annualized.
Figures quoted represent past performance, which is no guarantee of future results, and do not reflect taxes that a shareholder may pay on a fund. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains.
Net asset value (NAV) is the value of one share of the fund excluding any sales charges.
Institutional Class shares are sold without a front-end sales charge or contingent deferred sales charge.
Does not include sales charges and assumes reinvestment of dividends and capital gains. If sales charges were included, returns would be lower.
Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates. Changes in market conditions and government policies may lead to periods of heightened volatility in the bond market and reduced liquidity for certain bonds held by the fund. In general, when interest rates rise, bond values fall and investors may lose principal value. Interest-rate changes and their impact on the fund and its share price can be sudden and unpredictable. The use of derivatives may reduce returns and/or increase volatility. Funds that concentrate their investments in limited sectors, such as utilities and telecommunication services, are more vulnerable to adverse market, economic, regulatory, political, or other developments affecting those sectors. Certain investment strategies tend to increase the total risk of an investment (relative to the broader market). This fund is exposed to convertible securities risk, foreign investment risk, high-yield securities risk, nondiversification risk, smaller-company securities risk, and subsidiary risk. Consult the fund’s prospectus for additional information on these and other risks.