Fund Strategy
The Fund is designed to benefit from domestic economic opportunities within the United States, and invests principally in securities issued by mid- and small-capitalization U.S. companies. Up to 20% of the investment portfolio of the Fund can be invested in securities issued by foreign companies, including emerging market companies.
| Inception Date: | 03/04/1999 |
| Portfolio Managers: |
Jinwen Zhang, Ph.D., CFA Douglas M. Jackman, CFA Wei Li, Ph.D., CFA John Wu, Ph.D., CFA Rex Mathew, CFA, CMA |
| Fund Assets: | $23 million (as of December 31, 2021) |
| Fund Price: | $17.36 (January 20, 2022) |
| CUSIP: | 543917306 |
| Primary Benchmark: | Russell Midcap Index1 |
| Secondary Benchmark: | Russell Midcap Value Index2 |
| Sales charge: | None. A no load fund |
| Minimum Initial Investment: | Non-Retirement Plan $ 2,500 Retirement Plan $ 1,000 |
| Redemption Fee: | 0 – 60 days: 2.00% More than 60 days: 0.00% |
| Fees and Expenses: | Gross Annual Operating Expenses : 1.55% Net Annual Operating Expenses: 1.34%3 |
1. The Russell Midcap Index measures the performance of the 800 smallest companies in the Russell 1000 Index, which measures the performance of the 1,000 largest US companies based on total market capitalization.
2. The Russell Midcap Value Index measures the performance of the mid-cap value segment of the U.S. equity universe. It includes those Russell Midcap Index companies with lower price-to-book ratios and lower forecasted growth values. Effective March 1, 2020, the secondary benchmark changed from the S&P 500 Index to the Russell Midcap Value Total Return Index based on the Advisor’s determination that the Russell Midcap Value Total Return Index is more closely aligned with the Fund’s principal investment strategies and portfolio holdings. The S&P 500 Index measures the performance of 500 leading companies in leading industries of the U.S. economy, capturing 75% coverage of U.S. equities. All indices are unmanaged and returns assume the reinvestment of dividends. It is not possible to invest directly in an index.
3. Gross Expenses are based on the most recent prospectus. The Advisor has contractually agreed to reimburse the American Opportunities Fund Investor Shares to the extent that the Fund’s total operating expenses exceed 1.34% of the Fund’s average daily net assets. This agreement expires on February 28, 2021 and automatically renews, unless terminated by the Fund’s Board of Trustees.
While the Funds are no-load, management fees and other expenses still apply. Please refer to the prospectus for further details.
Mutual fund investing involves risk. Principal loss is possible. Investing in international markets may involve additional risks, such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Investments in smaller companies involved additional risks such as limited liquidity and greater volatility.
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