Fund Facts:
Fund Information
- CUSIP: 63872T844
- Asset Class: U.S. Equity
- Symbol: VNVAX
Inception Dates
- Fund Inception Date: 10/31/2008
- Share Class Inception Date: 10/31/2008
Fund Highlights:
- The team seeks to capitalize on temporary information and liquidity inefficiencies in the small- and mid-cap universes to pursue strong risk-adjusted returns
- Follows a research-intensive investment process emphasizing company financials to help uncover value
- May be suitable for investors seeking greater portfolio diversification through exposure to value-oriented, small- and mid-cap stocks
Fund Objective:
- Seeks long-term capital appreciation
Investment Strategy:
- Vaughan Nelson's team decision-making strategy strives to provide consistent, long-term performance. The team takes a bottom-up stock selection approach, targeting small and medium-sized companies it believes have the absolute return potential for 50% over a three-year investment horizon.
- Using a research-intensive process, the fund's management team emphasizes balance sheets and cash flow metrics to determine intrinsic value and mispriced securities. The team defines value in three ways and seeks to diversify the kind of companies in which it invests by including:
- Category A: companies earning a positive economic margin with stable-to-improving returns
- Category B: companies valued at a discount to their asset value
- Category C: an attractive dividend yield and minimal basic risk
Risks:
- Value investing can fall out of favor with investors and may underperform growth stocks during certain market conditions.
- Because the fund can invest a significant percentage of assets in foreign securities, the value of the fund shares can be adversely affected by changes in currency exchange rates, political, and economic developments. In emerging markets these risks can be significant.
- The fund is subject to currency risk, which is the risk that fluctuations in exchange rates between the U.S. dollar and foreign currencies may cause the value of a fund’s investments to decline. Funds that invest in securities denominated in, or receive revenues in, foreign currency are subject to currency risk.
Vaughan Nelson Investment Management, L.P.
Vaughan Nelson Investment Management, L.P.
Vaughan Nelson Investment Management, L.P.
Fund Selector
Select a Fund...
