Brian Rogers commentaries: "We continue to be encouraged by the high level of private equity and leveraged buyout activity, as well as by the strong corporate balance sheets and investor liquidity. "
"Risks always abound, of course. The world is filled with hot spots that threaten to erupt at any time, but predicting when and where the next crisis will develop is beyond our purview. When such events occur, they invariably rattle investor confidence. Markets have a way of recovering, however, as long as sound fundamentals remain intact. Despite the ebbs and flows of markets, we believe our value-oriented investment approach will enable us to continue to uncover rewarding investments in coming months."
"The fund returned 1.26% in the first quarter versus 1.31% for the Lipper Equity Income Funds Index and 0.64% for the S&P 500 Stock Index. For the 12-month period ended March 31, the fund returned 14.50% versus 14.38% for the Lipper index and 11.82% for the S&P 500."
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"Risks always abound, of course. The world is filled with hot spots that threaten to erupt at any time, but predicting when and where the next crisis will develop is beyond our purview. When such events occur, they invariably rattle investor confidence. Markets have a way of recovering, however, as long as sound fundamentals remain intact. Despite the ebbs and flows of markets, we believe our value-oriented investment approach will enable us to continue to uncover rewarding investments in coming months."
"The fund returned 1.26% in the first quarter versus 1.31% for the Lipper Equity Income Funds Index and 0.64% for the S&P 500 Stock Index. For the 12-month period ended March 31, the fund returned 14.50% versus 14.38% for the Lipper index and 11.82% for the S&P 500."
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