Large Cap Value Fund (HWLRX)

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Strategy & Objective

The Fund seeks current income and long-term growth of income, as well as capital appreciation using a disciplined, value investment process. Through our consistent process and independent research, we identify large cap companies that we believe are undervalued relative to their tangible assets, have sustainable cash flow and potential for improving business performance. The Fund seeks to own large, financially strong companies that offer the best combination of value and potential for price appreciation. The Fund typically holds 40-60 securities and generally invests in companies with a market capitalization greater than $3 billion.

  • Emphasizes rigorous in-house fundamental research to identify undervalued large cap companies
  • Employs a disciplined and repeatable investment process
  • Incorporates multiple perspectives to enhance understanding of risks

Read more about the large cap value strategy

FUND FACTS
As of 04/30/2012
Ticker HWLRX
Cusip 44134R784
Open to New Investors Yes
Minimum Investment $2,500
Inception Date 08/28/2003
Gross Expense Ratio* 1.56%
Net Expense Ratio* 1.55%
Dividend Schedule Semi-Annual
Capital Gains Schedule Annual
Size of Fund (millions) $583
Size of Class (millions) $12
30-Day SEC Yield with expense waiver 1.28%
30-Day SEC Yield without expense waiver 1.28%

* As of 06/30/2011
As of 05/17/2012
NAV $ CHANGE % CHANGE
16.04 -0.26 -0.02

STYLE: LARGE VALUE

INVESTMENT TEAM


George Davis, Jr.
23 Years with H&W
27 Years of Experience


Sheldon Lieberman
18 Years with H&W
26 Years of Experience


Scott McBride, CFA
10 Years with H&W
13 Years of Experience


Patty McKenna, CFA
16 Years with H&W
25 Years of Experience


Judd Peters, CFA
12 Years with H&W
14 Years of Experience

Mr. Davis, Mr. McBride and Mr. Peters coordinate the day-to-day management of the Large Cap Value Fund portfolio. Mr. Leiberman and Ms. McKenna participate in the investment research review and decision-making process and represent the Diversified Value Fund to current and prospective shareholders.

To view the full investment team, click here.  You will be leaving the mutual fund site and a separate browser window will open to the advisor site.

Mutual fund investing involves risk. Principal loss is possible.  Diversification does not assure a profit nor protect against loss in a declining market.

The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods.

©2012 Morningstar, Inc. All Rights Reserved. The information contained herein (1) is proprietary to Morningstar (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future performance.

The Morningstar Style BoxTM reveals a fund’s investment strategy. For equity funds the vertical axis shows the market capitalization of the stocks owned and the horizontal axis shows investment style (value, blend or growth).