
Dreman Contrarian International Value Fund Receives Lipper Award for Best International Large Cap Core Fund
Fund wins top honors for three-year performance ending December 31, 2011
JERSEY CITY, N.J., March 9, 2012 /PRNewswire/ -- Dreman Value Management, a leading contrarian value asset management company founded by renowned investor David Dreman, announced today the Dreman Contrarian International Value Fund (DRIVX) received the Lipper award for best international large-cap core fund over 3 years.
The award is for the three-year period ended December 31, 2011, with 90 funds in the international large-cap core funds universe eligible for the distinction. In the three years ended December 31, 2011, the Fund posted an annualized return of 14.82%, outperforming its benchmark by 4.9%.
"We are pleased with the success we have achieved with the Dreman Contrarian International Value Fund," said E. Clifton Hoover, Chief Investment Officer and the lead portfolio manager of the Fund. "We continue to execute our time-tested investment process that focuses on buying undervalued companies with real earnings and cash flow. Our approach is not about the 'Hail Mary pass', it is about grinding it out quarter after quarter, year after year."
The Contrarian International Value Fund's strategy is based on a disciplined, bottom up, low P/E approach to stock selection. The Fund invests in undervalued companies that exhibit strong fundamentals, low debt-to-capital, strong cash flow, dividends and historic earnings growth, which thorough analysis indicates may persist. The strategy seeks these fundamentally strong companies and attempts to avoid speculative stocks and potential bankruptcies that may impair client returns.
Dreman Value Management offers a broad spectrum of value-oriented investment options to institutional clients, pension funds, foundations and endowments, and high-net-worth individuals, and participates in a number of separately managed account programs. Dreman also serves as a sub-advisor to a number of leading open-end mutual fund and variable annuity platforms.
About Lipper Fund Awards
The Lipper Fund Awards are part of the Thomson Reuters Awards for Excellence, a global family of awards that celebrate exceptional performance throughout the professional investment community. The Thomson Reuters Awards for Excellence recognize the world's top funds, fund management firms, sell-side firms, research analysts, and investor relations teams. The Thomson Reuters Awards for Excellence also include the Extel Survey Awards, the StarMine Analyst Awards, and the StarMine Broker Rankings. For more information, please contact [email protected] or visit excellence.thomsonreuters.com
Lipper Fund Awards are based on Lipper's Consistent Return calculation. Lipper scores for Consistent Return reflect funds' historical risk-adjusted returns relative to funds in the same Lipper classification and include each fund's expenses and reinvested distributions, but exclude sales charges. Consistent Return values are calculated with all eligible share classes for each eligible classification. The highest Lipper Leader for Consistent Return value within each eligible classification determines the fund classification winner over three, five or 10 years. Lipper, a Thomson Reuters company, is a leading global provider of mutual fund information and analysis to fund companies, financial intermediaries and media organizations.
| Total Average Annual Returns as of 12/31/2011 |
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1 Year |
3 Year |
Since Inception (10/15/2008) |
Gross Expense Ratio |
Net Expense Ratio |
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| Dreman Contrarian International Value Fund Class I (DRIVX) |
-11.72 |
14.82 |
11.17 |
22.76 |
1.40 |
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| Russell Global x US Value- Total Return |
-14.56 |
9.92 |
4.99 |
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The Fund's past performance does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-800-247-1014.
Gross expenses are the funds' total annual operating expenses and do not reflect any fee waivers or reimbursements such as management fees, 12b-1 fees and other expenses. Net expenses include voluntary expense reimbursements by the Dreman Contrarian Funds advisers that may change or end at any time.
You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read and considered carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 1-800-247-1014. Past performance is no guarantee of future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.
Distributed by Unified Financial Securities, Inc., 2960 North Meridian Street, Suite 300, Indianapolis, IN 46208. (Member FINRA)
The Russell Global® ex-US Value Index measures the performance of those Russell Global companies with lower price-to-book ratios and lower forecasted growth values.
P/E is a ratio of a company's current share price compared to its per-share earnings.
Diversification does not ensure a profit or guarantee against loss.
There is no guarantee that this or any investment strategy will succeed; the strategy is not an indicator of future performance and investment results may vary.
Investments in international markets present special risks including currency fluctuation, the potential for diplomatic and political instability, regulatory and liquidity risks, foreign taxation and differences in auditing and other financial standards. Risks of foreign investing are generally intensified for investments in emerging markets.
| Contact: |
Morrison Shafroth |
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Walek & Associates |
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(720) 239-1263 |
SOURCE Dreman Value Management
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