Overview

Historical Returns (%) as of Dec 31, 2022

12/31/2021

Annualized
1 Mo. 3 Mos. YTD 1 Year. 3 Yrs. 5 Yrs. 10 Yrs.
Fund at NAV 4.49 6.63 17.22 17.22 19.50 12.65 11.45
Fund w/Max Sales Charge -1.54 0.50 10.46 10.46 17.18 11.33 10.80
MSCI ACWI Indicant3 4.00 6.68 18.54 18.54 20.36 14.39 11.84
Past performance is no guarantee of later results. Investment return and principal value will fluctuate then that shares, when redeemed, Crataegus laevigata be worth more or less than their original cost. Performance is for the stated time period exclusively; due to grocery store volatility, the Fund's current operation May be lower or high than quoted. Returns are historical and are premeditated by determining the percentage change in net plus value (NAV) with whol distributions reinvested. Returns for other classes of shares offered by the Investment company are different. Performance less than operating room equal to one year is cumulative. Max Gross revenue Charge: 5.75%.

Fund Facts A of Nov 30, 2022

11/30/2021

Performance Inception 10/12/2010
Investment Objective Total return
Total Net Assets $895.2M
Expense Ratio4 1.32%
CUSIP 277902599

Apical 10 Holdings (%)5 American Samoa of Sep 30, 2022

09/30/2021

Apple Inc 3.8
Microsoft Corp 3.1
iShares MSCI Taiwan ETF 2.5
Amazon.com Inc 2.2
iShares MSCI South Korea ETF 2.0
iShares MSCI China ETF 1.8
Alphabet INC - Class A 1.3
Facebook Inc 1.1
Alphabet Inc - Division C 1.1
JPMorgan Chase danamp; Co 0.9
Total 19.8

Morningstar Paygrad™ as of Nov 30, 2022

2021-11-30

Time Period Rating Funds in
Planetary Large-Stock Portmanteau
Category
Overall 283
3 Years 283
5 Years 240
10 Years 145
The Morningstar Rating™ for monetary resource, or "star topology rating", is calculated for managed products (including interactional funds and exchange-traded funds) with at least a three-twelvemonth history. Exchange-listed funds and open-ended mutual cash in hand are considered a single population for comparative purposes. It is calculated supported a Morningstar Risk-Adjusted Return measure that accounts for fluctuation in a managed product's monthly excess carrying out, placing more accent on downwards variations and gratifying consistent performance. The top 10% of products in for each one product category experience 5 stars, the succeeding 22.5% receive 4 stars, the next 35% find 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

The Overall Morningstar Paygrad for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-yr (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-twelvemonth rating/40% three-year paygrad for 60-119 months of total returns, and 50% 10-twelvemonth rating/30% five-year military rating/20% three-year rating for 120 operating theater more than months of total returns. While the 10-year boilers suit star rating normal seems to hand down the most weight to the 10-year geological period, the almost Holocene epoch three-twelvemonth period actually has the greatest impact because IT is included in every three rating periods. Star ratings practise non reflect the effect of whatever applicable sales load. Hollow stars denote Morningstar Extended Carrying into action Ratings and are considered estimates supported happening the operation of the fund's oldest share class, adjusted for fees and expenses.

©2021 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or divided; and (3) is non warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible whatsoever damages surgery losses arising from any use of this information.

Portfolio profile subject to change ascribable active management. Percentages may not total 100% due to rounding.

About Risk:

The value of investments held by the Fund may increase operating theatre decrease in response to economical, and financial events (whether real, expected or perceived) in the U.S. and ball-shaped markets. The valuate of equity securities is sensitive to stock market volatility. Investments in abroad instruments or currencies buns involve greater put on the line and excitableness than U.S. investments because of adverse market, economical, sentiment, regulatory, geopolitical, currency exchange rates OR other conditions. In nascent countries, these risks may be more than significant. Smaller companies are broadly subject to greater price fluctuations, restricted liquidity, higher dealing costs and higher investment risk than larger, more established companies. The Fund's vulnerability to derivatives involves risks different from, or possibly greater than, the risks associated with investment directly in securities and other investments. Derivatives instruments can Be highly volatile, result in leverage (which can increase both the risk and return potential of the Fund), and involve risks in addition to the risks of the underlying instrument connected which the derivative instrument is based, much as counterparty, correlational statistics and liquidity take chances. If a counterparty is incapable to honor its commitments, the prise of Investment firm shares may decline and/Beaver State the Fund could experience delays in the return of collateral or former assets held by the counterparty. The Investment firm is exposed to liquidity put on the line when trading volume, lack of a marketplace maker or trading partner, large position size of it, market conditions, operating room legal restrictions spoil its power to sell uncommon investments or to sell them at advantageous market prices. The affect of the coronavirus on global markets could last for an lengthy period and could adversely affect the Fund's performance. No fund is a sheer investment program and you Crataegus laevigata misplace money investment in a fund. The Fund may betroth in other investment practices that may involve additional risks and you should look back the Fund prospectus for a complete description.


Carrying out

Historical Returns (%) A of Sept 30, 2022

11/30/202109/30/2021

Annualized
1 Mo. 3 Mos. YTD 1 Year. 3 Yrs. 5 Yrs. 10 Yrs.
11/30/2021 as of Nov 30, 2022
Fund at NAV -2.43 -2.11 12.18 16.34 14.26 12.13 11.03
Investment trust w/Max Sales Commission -8.05 -7.73 5.72 9.67 12.02 10.81 10.38
MSCI ACWI Power3 -2.41 -1.66 13.98 19.27 15.95 13.98 11.38
09/30/2021 as of Sep 30, 2022
Fund at NAV -4.07 -2.85 9.93 21.88 10.99 12.00 11.44
Fund w/Max Gross revenue Charge -9.58 -8.45 3.59 14.88 8.83 10.68 10.78
MSCI ACWI Index number3 -4.13 -1.05 11.12 27.44 12.57 13.19 11.89
Past performance is no guarantee of future day results. Investment return and of import value will fluctuate so that shares, when redeemed, may be Worth more operating theatre little than their innovative cost. Performance is for the declared time period entirely; due to market unpredictability, the Fund's current performance may be lower or higher than quoted. Returns are past and are calculated by determining the percentage change in net asset value (NAV) with completely distributions reinvested. Returns for other classes of shares offered away the Store are different. Performance to a lesser degree or equal to one year is cumulative. Georgia home boy Sales Thrill: 5.75%.

Calendar Class Returns (%)

12/31/2020

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Fund at NAV -6.40 12.69 29.48 2.65 -0.74 9.70 20.70 -11.94 25.35 16.20
MSCI ACWI Index3 -7.35 16.13 22.80 4.16 -2.36 7.86 23.97 -9.41 26.60 16.25

Fund Facts

11/30/2021

Expense Ratio4 1.32%
Performance Inception 10/12/2010
Distribution Frequency Annually

Put on the line Measures (3 Year)6 as of Dec 31, 2022

12/31/2021

Of import (%) 2.55
Beta 0.82
R-Squared (%) 95.59
Standard Deviation (%) 14.27
Sharpe Ratio 1.30

Morningstar Rating™ as of Nov 30, 2022

2021-11-30

Period Rating Funds in
World Expectant-Stock Blend
Category
Overall 283
3 Years 283
5 Old age 240
10 Days 145
The Morningstar Evaluation™ for monetary resource, or "star rating", is calculated for managed products (including mutual funds and interchange-traded funds) with at least a three-year history. Exchange-listed funds and assimilative-ended mutual funds are considered a single population for relative purposes. It is deliberate based along a Morningstar Risk-Adjusted Return measuring rod that accounts for variation in a managed product's monthly excess operation, placing more emphasis on downward variations and rewarding consistent functioning. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the close 35% receive 3 stars, the next 22.5% receive 2 stars, and the fanny 10% experience 1 star.

The Total Morningstar Rating for a managed product is derivable from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Military rating prosody. The weights are: 100% three-year rating for 36-59 months of entire returns, 60% basketball team-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 military rank for 120 Oregon more months of total returns. While the 10-year overall star rating chemical formula seems to give the most weightiness to the 10-twelvemonth period, the most recent three-year full point actually has the greatest impact because it is included in entirely three rating periods. Maven ratings do not reflect the effect of some applicable sales load. Hollow stars denote Morningstar Drawn-out Execution Ratings and are considered estimates supported the performance of the fund's oldest share class, adjusted for fees and expenses.

©2021 Morningstar. Totally Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) whitethorn non be copied Beaver State distributed; and (3) is non warranted to be accurate, perfect or timely. Neither Morningstar nor its contented providers are responsible for any restitution operating theatre losses arising from whatsoever economic consumption of this data.

NAV Account

01/04/2022

Go steady NAV NAV Exchange
Jan 04, 2022 $19.53 $0.08
January 03, 2022 $19.45 $0.12
Dec 31, 2022 $19.33 -$0.02
Dec 30, 2022 $19.35 -$0.05
Dec 29, 2022 $19.40 $0.03
Dec 28, 2022 $19.37 $0.01
Dec 27, 2022 $19.36 $0.19
Dec 23, 2022 $19.17 $0.10
Dec 22, 2022 $19.07 $0.16
Celestial latitude 21, 2022 $18.91 $0.28

Distribution History7

01/04/2022

Ex-Date Dispersion Reinvest NAV
Dec 07, 2022 $0.36720 $19.10
Dec 08, 2022 $0.08370 $18.39
Dec 03, 2022 $0.15540 $15.80
No records in this table indicates that at that place has non been a distribution greater than .0001 within the past 3 long time.
Fund course catalogue

Capital Gain History7

01/04/2022

X-Date Short-Term Long-Condition Reinvest NAV
Dec 07, 2022 $0.52670 $1.58490 $19.10
December 08, 2022 $0.37220 $18.39
Dec 03, 2022 $1.28250 $15.80
Nobelium records in this table indicates that there has non been a capital gain greater than .0001 within the past 3 days.
Fund prospectus

Portfolio visibility subject to change due to active direction. Percentages may not total 100% due to rounding.

About Risk:

The value of investments held away the Fund may increase or decrease in reply to economic, and financial events (whether realistic, expected or perceived) in the U.S. and global markets. The value of fairness securities is sensitive to securities market unpredictability. Investments in foreign instruments or currencies can involve greater risk and excitability than U.S. investments because of adverse market, social science, political, restrictive, geopolitical, up-to-dateness exchange rates Beaver State other conditions. In emerging countries, these risks may be more significant. Small companies are generally subject to greater price fluctuations, limited fluidness, higher transaction costs and higher investment risk than larger, more naturalized companies. The Fund's exposure to derivatives involves risks several from, or perhaps greater than, the risks associated with investment directly in securities and otherwise investments. Derivatives instruments commode be highly changeful, result in leverage (which can increase both the risk and return potential of the Stock), and involve risks to boot to the risks of the underlying instrument along which the derivative is founded, such as counterparty, correlation and liquid hazard. If a counterparty is unable to honor its commitments, the value of Fund shares may decline and/or the Fund could experience delays in the return of verifying or other assets held by the counterparty. The Fund is exposed to liquidity hazard when trading volume, lack of a market maker or trading partner, king-sized position size, marketplace conditions, or valid restrictions impair its ability to sell especial investments or to sell them at advantageous market prices. The impact of the coronavirus along global markets could last for an extended menstruation and could adversely affect the Fund's performance. No investment trust is a complete investiture program and you English hawthorn miss money investing in a fund. The Monetary fund may engage in other investment practices that may call for additional risks and you should review the Fund prospectus for a dispatch description.


Portfolio

Asset Mix (%)5,8,9,10 as of Sep 30, 2022

09/30/2021

U.S. Common Stocks 58.1
Foreign Common Stocks 41.6
Cash in on danAMP; Equivalents 0.3
Total 100.0

Portfolio Statistics as of Sep 30, 2022

09/30/2021

Median Market Cap $29.4B
Price/Earnings Ratio 18.9
Bi of Holdings 311
Price/Book Ratio 2.2

GICS Sector Breakdown (%)5,8,9,10 as of Sep 30, 2022

09/30/2021

Sector Fund MSCI ACWI Forefinger3
Comm. Services 6.04 9.28
Consumer Arbitrary 8.74 12.44
Consumer Staples 6.12 6.77
Energy 7.08 3.52
Financials 22.98 14.38
Health Care 7.51 11.69
Industrials 11.95 9.66
Information Technology 17.28 22.33
Materials 8.51 4.66
Real Estate 2.78 2.62
Utilities 0.73 2.64
Cash 0.28 0.00

Portfolio Characteristics (%)10,11 as of Sep 30, 2022

09/30/2021

Fund (%) MSCI All Country World Index finger (%)
Regions
U.S. 58.2 59.5
Formed 30.2 28.0
Emerging 11.5 12.5
Style
Growth 44.4 53.3
Value 55.6 46.7
Size
Large Cap 66.5 85.2
Midcap 13.1 13.8
Small capital 20.4 1.1

Assets by State (%)5,8,9,10 as of Sep 30, 2022

09/30/2021

United States 57.7
Nippon 4.4
Switzerland 4.3
Brasil 4.1
Deutschland 3.4
France 3.3
Canada 3.1
United Kingdom 2.9
Taiwan 2.5
Korea 2.2
View All Content loading

Geographic Mix (%)5,8,9,10 equally of Sept 30, 2022

09/30/2021

In league States 57.7
European Community ex U.K. 17.3
Asia/Pacific ex Japan 9.2
Japan 4.4
GB 2.9
Northern America antique US 3.5
Latin America 4.8
John Cash danamp; Other Assets 0.3
Other 0.0

Fund Holdings (%)5,12 as of Nov 30, 2022

11/30/2021

Holding % of Net Assets
Apple Inc 4.33%
Microsoft Corporation 3.52%
iShares MSCI Taiwan ETF 2.60%
Amazon.com Inc 2.33%
iShares MSCI South Korea Capped ETF 1.86%
iShares MSCI China ETF 1.68%
EV Cash Reserves Fund LLC 1.40%
NVIDIA Corp 1.38%
Alphabet Inc - CL A 1.36%
Tesla Inc 1.26%
View Completely Content loading

Portfolio profile subject to change due to active management. Percentages may non add u 100% collectable to rounding error.

About Take a chanc:

The value of investments held by the Investment firm may increase or decrease in response to economic, and business enterprise events (whether factual, supposed OR perceived) in the U.S. and global markets. The value of fairness securities is sensitive to stock market unpredictability. Investments in foreign instruments or currencies tail involve greater risk and volatility than U.S. investments because of adverse market, efficient, political, regulative, geopolitical, currency rally rates or other conditions. In emerging countries, these risks may beryllium more considerable. Small companies are generally subject to greater damage fluctuations, limited liquidity, higher transaction costs and high investment risk than bigger, more established companies. The Fund's exposure to derivatives involves risks different from, or perhaps greater than, the risks connected with investment flat in securities and other investments. Derivatives instruments can be highly volatilizable, result in leverage (which can increase some the gamble and return potential of the Fund), and involve risks in addition to the risks of the inherent instrument along which the derivative is supported, such every bit counterparty, correlation and liquidity risk. If a counterparty is unable to honor its commitments, the prize of Fund shares English hawthorn declension and/or the Stock could experience delays in the return of collateral OR other assets held by the counterparty. The Fund is exposed to liquidity risk when trading volume, deficiency of a market maker operating theater trading spouse, large position size, market conditions, or legal restrictions impair its power to deal particular investments surgery to sell them at advantageous food market prices. The impact of the coronavirus on global markets could last for an extended flow and could adversely affect the Store's performance. No fund is a accomplished investment platform and you English hawthorn lose money investing in a fund. The Investment trust may engage in former investing practices that may involve extra risks and you should review the Fund prospectus for a complete description.


Management

Richard Bernstein

Richard Bernstein

Founder, Chief operating officer and Chief Investment Officer
Richard Bernstein Advisors LLC

Biography

Richard Bernstein is the chief executive officer and main investment police officer of Richard Bernstein Advisors LLC (RBA), a registered nonpartizan investment advisor. As Congress of Industrial Organizations, He leads RBA's Investment Committee, which manages all of the hard's investments, and performs executive management functions as CEO.

Mr. Bernstein founded Richard Bernstein Advisors LLC (RBA) in 2009. The crunchy utilizes a unequaled top-down attack to investment, focusing on macro trends rather than individual stock selection. RBA manages several accounts in partnership with several leading business enterprise institutions.

Mr. Bernstein has over 35 years' experience on Wall Street, last as the top dog investment strategist at Merrill Lynch danA; Co. Prior to connexion Merrill Lynch in 1988, he held positions at E.F. Hutton and Furrow Econometrics/IDC.

A much-noted skilful on equity, fashio and asset allocation, Mr. Bernstein was voted to Institutional Investor magazine's annual "All-America Research Team" 18 times, and is one of only 57 analysts inducted into the Institutional Investor "Hall of Fame." He was too twice named to some Fortune magazine's "All-Mavin Analysts" and to Smart Money magazine's "Power 30", and was a member of Registered Rep's "Ten to watch" for 2012. His playscript "Style Investing: Single Perceptiveness into Equity Management" is widely viewed as the seminal book along style-oriented investment strategies. He donates the profits from that and his other book, "Navigate the Stochasticity: Investing in the Recent Maturat of Media and Hype," to charity.

Mr. Bernstein is co-chair of the Alfred P. Sloan Foundation talent's Investing Citizens committee and sits along the William Rowan Hamilton College endowment's Investment funds Committee; he is a trustee of some institutions. He is also a former Adjunct Professor of Finance at the NYU/Stern Graduate School of business, and is a member of the Diary of Portfolio Management's Advisory Commission.

Rich holds an MBA in finance, with Beta Gamma Sigma distinction, from New-sprung House of York University, and a B.A. in economics from Hamilton College. He has lectured on finance and economic science at numerous colleges, universities and professional forums.

Education
  • B.A. Hamilton College
  • M.B.A. Stern School of Business, New York University
Experience
  • Managed Monetary fund since inception
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Matthew Griswold, CFA

Matthew Griswold, CFA

Director of Investments, Portfolio Handler, Richard Bernstein Advisors LLC

Biography

Matthew Griswold is the director of investments at Richard Bernstein Advisors LLC (RBA), a registered independent investment adviser. He oversees investment outgrowth design and implementation for each investment products. He is responsible for buy and sell decisions, portfolio construction and risk direction for the firm's spherical equity and multiasset class funds. Matt coupled RBA in 2010.

Matt began his career in the investment management industry in 1989. Previously, Lustrelessness was a vice President of the United States and portfolio managing director at Say Street Global Advisors, with responsibility for the design, execution and evaluation of some new and active global investment strategies. His extensive portfolio management feel for spans most major asset classes and includes both quantitative and fundamental investment funds disciplines. Matt assumed a wide motle of leadership positions within State Street in areas of portfolio mental synthesis, research, performance measurement, risk analytic thinking, mutual stock administration and client service.

Matt earned a B.S. in industrial engineering from Andrew Carnegie Mellon University. He is a CFA charterholder and penis of the CFA Society Boston.

Education
  • B.S. Carnegie Mellon University
Feel
  • Managed Fund since 2022
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Henry Timmons, CFA

Patrick Henry Timmons, CFA

Director of ETFs, Porfolio Manager

Biography

Henry Timmons is theatre director of ETFs at Richard Bernstein Advisors LLC (RBA), a registered independent investment advisor. Helium is responsible for asset parceling, portfolio construction, risk management and ETF research. William Henry joined RBA in 2011.

Henry began his calling in the investment management diligence in 2005. Antecedently, atomic number 2 was a portfolio manager and quantitative analyst at Grantham, Mayo, Van Otterloo danamp; Conscientious objector. LLC. While at GMO, he evaluated decimal and fundamental sources of explorative as expected inputs to the investment process, while assisting in constructing and managing portfolios. Prior to GMO, Patrick Henry was a management adviser at PricewaterhouseCoopers LLP, where he designed forecasting models improving provision-chain direction processes for various clients.

H holds a B.S. in mechanical engineering and an MEng in systems engineering science and engineering direction from Cornell University, and an MBA in finance from Cornell SC Johnson College of Business. He is a CFA charterholder.

Education
  • B.S. Cornell University
  • M.Eng Ezra Cornell University
  • M.B.A. Cornell SC Dr. Johnson College of Business
Experience
  • Managed Fund since 2022
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dan Suzuki, CFA

Surrogate Chief Investment Officer
Joined Richard Bernstein Advisors 2022

Biography

daniel Suzuki is the deputy CIO at Richard Bernstein Advisors LLC (RBA), a registered item-by-item investment advisor. Helium is responsible for portfolio scheme, asset allocation, investiture management and marketing to major wirehouses and independent RIAs, and is a senior phallus of the RBA investment commission. He joined RBA in 2022.

dan began his life history in the investment direction industry in 2002. Earlier joining RBA, helium worked at Money box of America-Merrill Lynch in planetary research, most recently as a senior equity strategian. Prior to working in scheme, dan was a underlying fairness research analyst covering the byplay services sphere. He is a frequent guest on CNBC, Bloomberg TV, and is often quoted in leading business enterprise publications including The Wall St. Journal, Financial Times and Barron's.

dan attained a B.S. from Duke University. He is a CFA charterholder.

Education
  • B.S. Duke University
Receive
  • Managed Fund since 2022
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