EKBDX

Diversified Capital Builder Fund

$12.49
NAV
-$0.14 / -1.11%
$1,347.5M
Assets under management
6.04%
Year-to-date return
9/11/1935
Fund inception date
Data as of 4/19/2024
Fund overview
Coordination, research, and flexibility
The Diversified Capital Builder Fund seeks long-term total return via an actively managed portfolio of equity and fixed income securities, with an emphasis on equity.

Long-term total returns are driven by the flexibility to invest across market caps, industries, and sectors and a company’s entire capital structure.
 
Key differentiators

  • Analyzes each component of a company’s capital structure to find the best relative value opportunities and total return potential
  • Employs a process that can uncover additional opportunities and help preserve liquidity during periods of extreme market stress
  • Implements independent risk management that’s overseen by the Office of the CIO

General facts

Morningstar category

Moderately Aggressive Allocation

Lipper category

Mixed-Asset Target Alloc Growth Funds

CUSIP

94975P678

Fund number

3761

Benchmark

Diversified Capital Builder Blended Index

Gross expense ratio

1.03%

Net expense ratio

1.03%

Dividend frequency

Quarterly

Quick resources

Morningstar Rating™

Out of 302 funds, Moderately Aggressive Allocation As of 3/31/2024

Performance

Average annual returns Add Minus

Average annual returns

(as of 3/31/2024)
9/11/1935
1M
3M
YTD
1Y
3Y
5Y
10Y
Inception
Fund
3.62
12.41
12.41
30.93
11.75
12.57
11.20
7.97
Diversified Capital Builder Blended Index
2.70
8.05
8.05
24.98
8.47
12.13
10.65
-
Russell 1000® Index
3.21
10.30
10.30
29.87
10.45
14.76
12.68
-
ICE BofA High Yield U.S. Corporates, Cash Pay NEW
1.18
1.46
1.46
10.98
2.23
4.03
4.35
-
Expenses (as of 2/1/2024)
Gross Expense Ratio
1.03 %
Net Expense Ratio
1.03 %

One-month, three-month and year-to-date returns are not annualized.

Figures quoted represent past performance, which is no guarantee of future results, and do not reflect taxes that a shareholder may pay on an investment in a fund. Investment return, principal value, and yields of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. 

Net asset value (NAV) is the value of one share of the fund excluding any sales charges.

Administrator Class shares are sold without a front-end sales charge or contingent deferred sales charge.

Please keep in mind that high double-digit returns were primarily achieved during favorable market conditions. You should not expect that such favorable returns can be consistently achieved. A fund's performance, especially for short time periods, should not be the sole factor in making your investment decision.

Calendar year Add Minus

Calendar year

(as of 12/31/2023)
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Fund
22.22
-13.33
19.77
12.73
27.51
-5.45
14.46
22.27
-3.13
14.63
Benchmark
23.23
-17.05
20.93
17.35
27.06
-4.03
17.99
13.42
-0.40
10.49
Morningstar
15.36
-14.96
16.50
13.51
21.35
-7.93
15.80
7.93
-2.77
5.71
Cumulative Add Minus

Cumulative

(as of 3/31/2024)

This chart shows the value of a hypothetical $10,000 investment in the fund over the specified time period up to 10 years or since its inception (for funds lacking 10-year records). The result is compared with benchmarks, which may include a broad-based market index and a peer group average or index. Market indexes do not include expenses, which are deducted from fund returns as well as mutual fund averages and indexes.

Does not include sales charges and assumes reinvestment of dividends and capital gains. If sales charges were included, returns would be lower.

Performance and volatility metrics Add Minus

Performance and volatility metrics

(as of 3/31/2024)
3 Year 5 Year 10 Year
Alpha 2.57 0.11 2.40
Beta 1.08 1.04 1.04
Excess Return 3.27 0.44 0.55
Information Ratio 0.57 0.09 0.12
Sharpe Ratio 0.53 0.61 0.68
R2 0.90 0.92 0.90
Tracking Error 5.72 5.13 4.50
Standard Deviation 17.14 17.37 14.34
Upside Market Capture Ratio 116.42 103.07 107.92
Downside Market Capture Ratio 99.53 100.26 100.73
Morningstar ratings and rankings Add Minus

Morningstar ratings and rankings

(as of 3/31/2024)
Overall
Moderately Aggressive Allocation (Out of 302 funds)
Three Year
2nd percentile (4 out of 302)
Five Year
2nd percentile (5 out of 274)
Ten Year
1st percentile (3 out of 225)

The Overall Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and ten-year (if applicable) ratings.

Morningstar rankings represent a fund's total return rank relative to all funds that have the same category. The percentile ranking is based on the fund's total return percentile rank relative to all funds that have the same category for the same time period. The highest (most favorable) percentile rank is 1% and the lowest (least favorable) percentile rank is 100%. Morningstar rankings do not include the effect of sales charges. Past performance is no guarantee of future results.

Prices and distributions

Historical prices

YTD high $13.28 4/1/2024
YTD low $11.48 1/4/2024
52-week high $13.28 4/1/2024
52-week low $10.17 5/4/2023
2023 high $11.85 8/1/2023
2023 low $10.17 5/4/2023
Best quarterly return 17.14% 6/30/2020
Worst quarterly return -18.59% 3/31/2020
Best annual return 27.51% 12/31/2019
Worst annual return -13.33% 12/31/2022

Distribution summary

Dividends Quarterly
Capital gains Annually

Distribution history

Distribution history Type Per share amount Re investment price
2024-03-25 Dividend $0.01323 $13.17
2023-12-15 Dividend $0.02911 $11.57
2023-12-11 Long-term capital gain $0.62061 $11.33
2023-09-25 Dividend $0.0261 $10.99
2023-06-26 Dividend $0.03162 $11.05
2023-03-27 Dividend $0.02648 $10.46
2022-12-15 Dividend $0.02956 $10.39
2022-12-09 Long-term capital gain $1.1726 $10.47
2022-09-26 Dividend $0.02779 $10.40
2022-06-24 Dividend $0.01553 $11.36
2022-03-25 Dividend $0.04764 $12.64
2021-12-16 Dividend $0.02116 $12.96
2021-12-09 Long-term capital gain $0.69545 $12.86
2021-12-09 Short-term capital gain $0.15466 $12.86
2021-09-24 Dividend $0.02236 $13.02
2021-06-24 Dividend $0.02269 $12.67
2021-03-25 Dividend $0.01371 $11.96
2020-12-16 Dividend $0.05443 $11.81
2020-12-09 Long-term capital gain $0.10274 $11.74
2020-09-24 Dividend $0.02507 $10.58
2020-06-24 Dividend $0.02425 $10.04
2020-03-25 Dividend $0.0428 $8.36
2019-12-17 Dividend $0.04779 $10.72
2019-12-10 Long-term capital gain $0.4163 $10.53
2019-12-10 Short-term capital gain $0.02121 $10.53
2019-09-24 Dividend $0.04099 $10.69
2019-06-24 Dividend $0.02702 $10.52
2019-03-25 Dividend $0.04378 $10.03
2018-12-14 Dividend $0.03408 $9.24
2018-12-10 Long-term capital gain $0.54238 $9.34
2018-09-24 Dividend $0.02323 $10.92
2018-06-25 Dividend $0.03032 $10.23
2018-03-23 Dividend $0.02144 $10.11
2017-12-15 Dividend $0.0306 $10.22
2017-12-13 Long-term capital gain $0.31371 $10.20
2017-12-13 Short-term capital gain $0.17715 $10.20
2017-06-26 Dividend $0.04648 $9.96
2017-03-23 Dividend $0.06865 $9.77
2016-12-14 Dividend $0.02989 $9.39
2016-12-09 Long-term capital gain $0.77609 $9.46
2016-12-09 Short-term capital gain $0.00643 $9.46
2016-09-26 Dividend $0.05766 $9.82
2016-06-24 Dividend $0.04984 $9.20
2016-03-24 Dividend $0.04187 $8.88
2015-12-16 Dividend $0.01918 $8.53
2015-12-11 Long-term capital gain $0.88678 $8.36
2015-09-24 Dividend $0.02489 $9.26
2015-06-24 Dividend $0.02706 $10.18
2015-03-25 Dividend $0.0371 $9.93
2014-12-16 Dividend $0.03159 $9.40
2014-09-24 Dividend $0.02839 $9.47
2014-06-24 Dividend $0.0284 $9.39
2014-03-25 Dividend $0.02689 $8.97
2013-12-16 Dividend $0.02484 $8.39
2013-09-24 Dividend $0.023 $7.96
2013-06-24 Dividend $0.03702 $7.45
2013-03-25 Dividend $0.03632 $7.66
2012-12-13 Dividend $0.04745 $6.93
2012-09-24 Dividend $0.03775 $6.99
2012-06-25 Dividend $0.05107 $6.21
2012-03-26 Dividend $0.05393 $6.85
2011-12-15 Dividend $0.0282 $6.19
2011-09-26 Dividend $0.02447 $5.90
2011-03-25 Dividend $0.04135 $7.16
2010-12-16 Dividend $0.02236 $6.67
2010-09-24 Dividend $0.0361 $6.00
Download CSV

Composition

Portfolio statistics Add Minus

Portfolio statistics

(as of 3/31/2024)
Fund Benchmark
Number of Holdings 90
Median Market Cap 38.37 -
Dividend Yield 0.80 -
PE Ratio 35.58 -
PB Ratio 5.66 -
EPS Growth - -
Return on Equity - -
Portfolio Turnover 44.22 -
Credit quality Add Minus

Credit quality

(as of 3/31/2024)
Type
Fund
Benchmark
BBB/Baa
4.54% -
BB/Ba
72.20% -
B/B
23.26% -

The ratings indicated are from Standard & Poor's, Fitch Ratings Ltd., and/or Moody's Investors Service. The percentages of the fund's portfolio with the ratings depicted in the chart are calculated based on total investments of the fund. If a security was rated by all three rating agencies, the middle rating was used. If rated by two of three rating agencies, the lower rating was used, and if rated by one of the agencies, that rating was used. Credit quality is subject to change and may have changed since the date specified. Percent total may not add to 100% due to rounding.

Maturity Add Minus

Maturity

(as of 3/31/2024)
Maturity Range
Fund
1 - 3 years
4.47%
3 - 5 years
71.55%
5 - 10 years
23.99%

Maturity distribution is subject to change and may have changed since the date specified. Percent total may not add to 100% due to rounding.

Asset allocation Add Minus

Asset allocation

(as of 3/31/2024)
Credit Assets
Allocation
Common stocks
85.50%
Corporate bonds
14.50%

Asset allocation is subject to change and may have changed since the date specified. Percent total may not add to 100% due to rounding.

Top 10 holdings Add Minus

Top 10 holdings

(as of 3/31/2024)
Security
Fund
Broadcom Inc.
5.20%
Alphabet Inc. Class A
4.84%
Advanced Micro Devices, Inc.
4.76%
Microsoft Corporation
4.50%
Leidos Holdings, Inc.
4.02%
NVIDIA Corporation
3.29%
Micron Technology, Inc.
3.24%
IQVIA Holdings Inc
2.88%
Marvell Technology, Inc.
2.83%
Amphenol Corporation Class A
2.63%
Top 10 represents 38.18% of total net assets

Documents

Literature Details Date
Fact Sheet Institutional, Administrator, C, A 3/31/2024 Download Download
Regulatory Document Details Date
Annual Report Institutional, Administrator, C, A 9/30/2023 Download Download
Full Prospectus Administrator 2/1/2024 Download Download
Quarterly Holdings Institutional, Administrator, C, A 12/31/2022 Download Download
Quarterly Holdings Institutional, Administrator, C, A 6/30/2023 Download Download
Semi-annual Report Institutional, Administrator, C, A 3/31/2023 Download Download
Statement of Additional Information Institutional, Administrator, C, A 2/1/2024 Download Download
Summary Prospectus Administrator 2/1/2024 Download Download
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Balanced funds may invest in stocks and bonds. Stock values fluctuate in response to the activities of individual companies and general market and economic conditions. Bond values fluctuate in response to the financial condition of individual issuers, general market and economic conditions, and changes in interest rates. Changes in market conditions and government policies may lead to periods of heightened volatility in the bond market and reduced liquidity for certain bonds held by the fund. In general, when interest rates rise, bond values fall and investors may lose principal value. Interest-rate changes and their impact on the fund and its share price can be sudden and unpredictable. Certain investment strategies tend to increase the total risk of an investment (relative to the broader market). This fund is exposed to foreign investment risk, high-yield securities risk, and smaller-company securities risk. Consult the fund's prospectus for additional information on these and other risks.

  
The Morningstar Rating™ for funds, or star rating, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar risk-adjusted return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% 3-year rating for 36–59 months of total returns, 60% 5-year rating/40% 3-year rating for 60–119 months of total returns, and 50% 10-year rating/30% 5-year rating/20% 3-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent 3-year period actually has the greatest impact because it is included in all three rating periods. Past performance is no guarantee of future results.

Some of Morningstar’s proprietary calculations, including the Morningstar Rating™, are not customarily calculated based on adjusted historical returns. However, for new share classes/channels, Morningstar may calculate an extended-performance Morningstar Rating. The extended performance is calculated by adjusting the historical total returns of the oldest share class of a fund to reflect the fee structure of the younger share class/channel, attaching this data to the younger share class’s performance record, and then compounding the adjusted plus actual monthly returns into the extended-performance Morningstar risk-adjusted return for the 3-, 5-, and 10-year time periods. The Morningstar risk-adjusted returns are used to determine the extended-performance Morningstar Rating. The extended-performance Morningstar Rating for this fund does not affect the retail fund data published by Morningstar, as the bell curve distribution on which the ratings are based includes only funds with actual returns. The Overall Morningstar Rating for multi-share funds is based on actual performance only or extended performance only. Once the share class turns three years old, the Overall Morningstar Rating will be based on actual ratings only. The Overall Morningstar Rating for multi-share variable annuities is based on a weighted average of any ratings that are available.

While the inclusion of pre-inception data in the form of extended performance can provide valuable insight into the probable long-term behavior of newer share classes of a fund, investors should be aware that an adjusted historical return can provide only an approximation of that behavior. For example, the fee structures of a retail share class will vary from that of an institutional share class, as retail shares tend to have higher operating expenses and sales charges. These adjusted historical returns are not actual returns. The underlying investments in the share classes used to calculate the pre-performance string likely will vary from the underlying investments held in the fund after inception. Calculation methodologies used by Morningstar may differ from those applied by other entities, including the fund itself.

© 2024 Morningstar. All rights reserved. The information contained herein is proprietary to Morningstar and/or its content providers; may not be copied or distributed; and is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Performance for the fund or the class shown may reflect a predecessor fund's or class' performance and may be adjusted to reflect the fund's or class' expenses as applicable.