International Select

ISACX

Objective

Long-term growth of capital.

Fund Facts

31853P784
Foreign Large Blend
International Multi-Cap Core
5.50%
$2500
1.51%
1.78%

Daily PriceChange as of 7/29/2010

Nav
Day ($)
Day (%)
YTD (%)
$8.76 0 0.00 -2.99
Total Net Assets (All Classes)
$736.90 million as of 6/30/2010

Fund Performance

 
Total Returns as of 6/30/2010
Average Annualized Returns as of 6/30/2010
Fund Name
1 mth
3 mth
YTD
1 yr
3 yr
5 yr
10 yr
Since Incept.
Inception Date
NAV -1.46 -12.16 -10.41 9.25 -9.01 -4.64 12/21/2006
POP -6.90 -17.03 -15.38 3.26 -10.70 -6.16 12/21/2006
Lipper International Multi Cap Core Funds Category Average -0.94 -12.21 -10.89 8.60 -11.89 1.88 2.22 -- --
MSCI AC World Index Ex. U.S. -1.26 -12.26 -10.80 10.87 -10.28 3.84 2.29 -- --

Distinguishing Characteristics

  • Management team allocates assets to the managers and subadvisors based on our outlook for long-term returns for each market segment. Subadvisors are selected based upon an exhaustive analysis of quantitative and qualitative factors.
  • Based on insights on current market conditions and opportunities, our management team makes portfolio adjustments to maintain appropriate investment style allocations and manages the portfolio’s exposure to specific regions, countries, or industries.
  • Monitoring of risk level of the aggregate portfolio to manage cash and, if necessary, cash equitization (i.e., conversion of excess cash balances into equity futures), as well as to offset undue or unintended portfolio risks.

Management Team

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Keith B. Hembre, CFA

Chief Economist and Chief Investment Strategist
  • Began working in the financial industry in 1992
  • B.A. from the University of Minnesota and M.A. from Baylor University; CFA Institute member
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David A. Chalupnik, CFA

Senior Managing Director, Head of Equities
  • Began working in the financial industry in 1984
  • B.S. and M.B.A. from DePaul University; CFA Institute member
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Walter A. French

Senior Equity Portfolio Manager
  • Began working in the financial industry in 1974
  • B.S. from Iowa State University; Institute for Quantitative Research & Finance member
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James A. Diedrich, CFA

Senior Equity Portfolio Manager
  • Began working in the financial industry in 1984
  • B.S. from St. Cloud State University; M.B.A. from the University of Minnesota; CFA Institute member; CFA Society of Minnesota member
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David A. Friar

Equity Portfolio Manager
  • Began working in the financial industry in 1998
  • B.S. from Metropolitan State University
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Derek B. Bloom, CFA

Senior Credit Analyst
  • Began working in the financial industry in 2002
  • B.S. from the University of North Dakota and an M.B.A. from the University of Minnesota Carlson School of Management; CFA Institute member; CFA Society of Minnesota member

Subadvisors


  • Developed Growth - Hansberger Global Investors, Inc.
  • Developed Value - Altrinsic Global Advisors, LLC
  • Emerging Markets - Lazard Asset Management LLC 

Net and gross expense ratios are based on the fund's most recent fiscal year end.  The net expense ratio reflects an agreement by the fund's advisor to cap fund expenses, not including the expenses of any other investment companies in which the fund invests ("acquired fund fees and expenses"), at a certain level as set forth in the fund's prospectus.  The advisor's contractual expense cap agreement will be in effect at least through the date listed in the table below, and may not be terminated before then without the approval of the fund's board of directors.  However, because the fund's net expense ratio includes acquired fund fees and expenses, the fund's net expense ratio at any point in time may differ from the ratio presented.

Fee Waivers- contractual agreements in effect by asset category:


Apply to Agreement in effect until

Equity funds:Small Cap Growth Opportunities, Mid Cap Select

February 28, 2011

Equity funds: Quantitative funds

February 28, 2011

Equity funds: Index funds

February 28, 2011

Equity funds: Global Infrastructure, International, International Select

February 28, 2011

Equity funds: Tactical Market Opportunities

February 28, 2011

Taxable Fixed Income funds

October 31, 2010

Tax-Exempt Fixed Income funds

October 31, 2010

Asset Allocation funds

December 31, 2010

Performance shown is historical and does not guarantee future results. Current performance may be lower or higher. Because share price, principal value, and return will vary, you may have a gain or loss when you sell fund shares. For current month-end performance information, call 800.677.FUND. Performance assumes the reinvestment of dividends and capital gains.

Net Asset Value(NAV) performance does not reflect the current maximum sales charge(load).  Had the sales charge been included, the fund's returns would have been lower.

Public offering price (POP) returns are based on the price at which shares are offered to the public and reflect the fund's NAV as increased by the maximum sales charge(load) for purchases.

Investment performance reflects fee waivers. Without such waivers, total returns would be reduced.

Foreign investing, especially in emerging markets, entails additional risks, including currency fluctuations, political and economic instability, accounting changes, and foreign taxation. Securities may be less liquid and more volatile.
Morningstar Category:  Morningstar categories represent a universe of funds with similar investment objectives, and are provided by Morningstar, Inc
Lipper Category: Lipper categories represent a universe of funds with similar investment objectives, and are provided by Lipper, Inc.
MSCI AC World Index Ex. U.S. Index:
The unmanaged MSCI AC World Index Ex. U.S. tracks the performance of stocks representing developed and emerging markets around the world that collectively comprise most foreign stock markets.

You cannot invest directly in an index or average.