Small Cap Diversified Value Fund (HWVIX)

I SHARES    A SHARES   

The performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher. Investment return and principal value of the fund will fluctuate, and shares may be worth more or less than their original cost when redeemed. Click quarter-end or month-end to obtain the most recent fund performance.

Characteristics
As of 02/28/2019
TOP TEN STOCKS (%)1
Kosmos Energy Ltd.
0.5
KBR Inc.
0.4
Apergy Corp.
0.4
Berry Petroleum Corp.
0.4
Tutor Perini Corp.
0.4
Office Depot Inc.
0.4
Spire Inc.
0.4
Matson Inc.
0.4
Brightsphere Inv. Group PLC
0.4
Schweitzer-Mauduit International
0.4
0% 0.2% 0.4% 0.6% 0.8% 1%
TOP TEN INDUSTRIES (%)1
Banks
16.7
Oil, Gas & Consumable Fuels
6.1
Energy Equipment & Services
5.2
Electronic Equipment & Instruments
5.0
Machinery
4.9
Insurance
4.3
Specialty Retail
4.3
Thrifts & Mortgage Finance
3.9
Capital Markets
3.6
Household Durables
3.0
0% 4% 8% 12% 16% 20%
SECTOR BREAKDOWN (%)1
  Portfolio Russell 2000 Value2 Russell 20002
Financials 31.5 29.5 18.2
Industrials 16.9 11.8 14.8
Consumer Discretionary 12.4 9.5 11.9
Energy 11.3 5.4 3.5
Information Technology 11.1 10.7 14.7
Materials 4.8 4.1 3.7
Utilities 4.7 7.3 3.9
Communication Services 1.9 3.1 3.5
Health Care 1.5 4.3 15.6
Real Estate 1.4 11.7 7.2
Consumer Staples 1.0 2.6 2.9
STATISTICS
  Portfolio Russell 2000 Value Russell 2000
Projected P/E (FY2) 10.3x 12.6x 14.2x
Price/Normal Earnings 9.9x 14.0x 16.2x
Price/Book 1.3x 1.4x 2.1x
Price/Sales 0.7x 1.0x 1.3x
Weighted Average Market Capitalization (millions) $1,619 $2,133 $2,439
Median Market Capitalization (millions) $1,192 $731 $834
Standard Deviation 17.35 16.26 16.03
Beta 1.05 -- --
Alpha 1.46 -- --
R-Squared 0.97 -- --

Mutual fund investing involves risk. Principal loss is possible. Investing in smaller and/or newer companies involves greater risks than those associated with investing in larger companies, such as business risk, significant stock price fluctuations and illiquidity. The Fund may invest in foreign securities which involve greater volatility and political, economic and currency risks and differences in accounting methods.

Diversification does not assure a profit nor protect against loss in a declining market.

Information on the Fund’s holdings, portfolio characteristics and attribution reports are subject to its portfolio holdings disclosure policy. Such information may be obtained through the Funds’ website or by calling 800-796-5606. Fund holdings and/or sector allocations are subject to change and are not buy/sell recommendations. Information presented based on proprietary or third-party estimates are subject to change and cannot be guaranteed.

% of Total Portfolio includes total investments, cash and cash equivalents, and accrued investment income on a trade date basis. 
2 As of 12/31/18

Index definitions

Glossary of financial terms