UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-99999
(Exact name of registrant as specified in charter)
100 F St. NE, Washington, DC 20549
(Address of principal executive offices) (Zip code)
John Smith, Secretary
100 F St. NE
Washington, DC 20549
(Name and address of agent for service)
Registrant's telephone number, including area code:
999-999-9999 |
Date of fiscal year end: | October 31, 2032 |
Date of reporting period: |
Item 1. Reports to Stockholders.
Annual Shareholder Report
This
What were the Fund costs for the last year? (based on a hypothetical $10,000 investment)
Fund/Class |
Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment |
Fictitious Market Fund, Class A |
$
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Management’s Discussion of Fund Performance.
Summary of Results
Fictitious Market Fund (Class A) returned 11.95% (excluding sales loads) for the 12 months ended October 31, 2032. The Fund outperformed its benchmark (the XYZ Additional Index), which returned -18.44% as well as the overall equity market. This outperformance is largely the result of our portfolio holding less inflation and interest–rate sensitive investments than our benchmark. However, the fund was still susceptible to some of the overall market losses that occurred during the period.
During the period, the Fund focused on undervalued investments, which insulated the Fund from some losses resulting from a market correct associated with certain overpriced investments that dominate the more common market indices.
In addition, the Fund also allocated greater investments to the U.S. as volatility increased worldwide resulting, in part, from Russia’s investment in Ukraine. This greater domestic focus also led to outperformance because, although interest rates and inflation rates are rising in the U.S., they are rising at a faster pace outside the U.S.
The Fund also had a significant focus on technology and while technology dragged toward the end of the fiscal year, it outperformed the overall market for a substantial portion of the year.
Top Contributors | Top Detractors | ||
Technology | Healthcare | ||
Consumer Cyclicals | Industrials | ||
Consumer Non-cyclicals | Financials |
Average Annual Total Returns
1 Year | 5 Years | 10 Years | |
Class A (with sales load) | - |
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Class A (without sales load) | - |
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XYZ Broad-based Index (reflects no deduction for fees, expenses, or taxes) | - |
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XYZ Additional Index (reflects no deduction for fees, expenses, or taxes) | - |
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Fund Statistics
Fund's Net Assets: | $
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Number of Investments: |
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Total Advisory Fees Paid: | $
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Annual Portfolio Turnover: |
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Beta (vs. XYZ Broad-based Index) | 0.87 |
Weighted median market capitalization: | $35.2 bil. |
Graphical Representation of Holdings
Industry Sector | % of Total Exposure | ||
TECHNOLOGY |
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CONSUMER CYCLICALS |
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HEALTHCARE |
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INDUSTRIALS |
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CONSUMER NON-CYCLICALS |
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FINANCIALS |
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ENERGY |
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NOT CLASSIFIED - NON EQUITY |
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BASIC MATERIALS |
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Material Fund Changes.
This is
a summary of certain changes and planned changes to the Fund since November 1, 2031.
For more complete information, you may review the Fund’s next prospectus, which
we expect to be available by March 1, 2033 at
Changes in and Disagreements with Accountants.
Availability of Additional Information about the Fund.
Additional
information is available at
· Prospectus | · Holdings | · Fund Commentary |
· Financial Information | · Proxy Voting information | · Updated Performance |
Important Notice Regarding Delivery of Shareholder Documents.
In order to reduce expenses, we will deliver a single copy of prospectuses, proxies, financial reports, and other communication to shareholders with the same residential address, provided they have the same last name or we reasonably believe them to be members of the same family. Unless we are notified otherwise, we will continue to send you only one copy of these materials for as long as you remain a shareholder of the Fund. If you would like to receive individual mailings, please call (800) 555-555 and we will begin sending you separate copies of these materials within 30 days after we receive your request.
These data tables are here during editing, in an actual filing they could be hidden:
Date | Fictitious Market Fund Class A | XYZ Broad-based Index | XYZ Additional Index |
10/31/2022 |
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10/31/2023 |
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10/31/2024 |
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10/31/2025 |
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10/31/2026 |
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10/31/2027 |
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10/31/2028 |
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10/31/2029 |
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10/31/2030 |
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10/31/2031 |
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10/31/2032 |
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Collected - Investment Country | Weight |
UNITED STATES |
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CANADA |
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CHINA |
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GERMANY |
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UNITED KINGDOM |
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IRELAND |
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NETHERLANDS |
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JAPAN |
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SWITZERLAND |
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URUGUAY |
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