Barron\'s - April 6 2020

April 6, 2020 BARRON’S•Funds Quarterly L23

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Copyright Lipper

Stock Funds Data provided by

GALLERY MNDRN INTL VE ILCV 456.9 10.69 –26.33 –19.73 –4.64 –2.46 1.98 10.44 –0.42

GATEWAY GATEWAY FD;A EMN 928.5 31.11 –10.06 –5.01 0.57 2.03 3.36 30.98 +0.09

GE RSP PRGRM US EQUITYr LCCE 4380.1 47.15 –17.71 –3.86 5.72 6.35 9.73 46.18 –1.83

GEORGE PUTNAM BAL;A MTAM 1064.5 18.25 –11.79 –0.36 5.19 5.03 7.67 17.97 –0.33

GLENMEDE SC EQTY;ADVn SCCE 413.4 16.72 –35.24 –30.19 –9.51 –3.61 6.28 15.81 –1.39

GLENMEDE STRAT EQUITY MLCE 211.3 21.37 –23.65 –13.43 2.82 5.38 8.91 20.87 –1.15

GMO EMERGING MKTS;IIr EM 338.9 26.05 –24.27 –15.97 –2.17 0.64 0.26 NA NA

GMO EMERGING MKTS;IIInr EM 292.6 26.13 –24.26 –15.94 –2.12 0.69 0.31 NA NA

GMO EMERGING MKTS;VInr EM 1868.3 25.86 –24.23 –15.80 –1.99 0.82 0.43 NA NA

GMO INTL EQUITY;IIIr IMLV 415.1 16.81 –23.97 –14.54 –3.90 –2.83 1.44 16.48 –0.70

GMO INTL EQUITY;IVr IMLV 2268.2 16.78 –23.97 –14.48 –3.85 –2.78 1.50 16.45 –0.70

GMO QUALITY;IIIr LCCE 2859.3 20.71 –16.42 –2.82 9.32 9.60 11.31 20.22 –0.81

GMO QUALITY;IVr LCCE 765.0 20.75 –16.43 –2.78 9.37 9.65 11.36 20.26 –0.81

GMO QUALITY;VIr LCCE 1954.5 20.71 –16.42 –2.74 9.42 9.70 11.41 20.22 –0.81

GMO US EQUITY;VIr MLCE 328.6 10.31 –21.12 –10.27 1.48 4.33 8.59 10.08 –0.45

GOLDMAN CAP GRO;A LCGE 586.2 19.53 –19.10 –6.72 7.21 6.70 10.32 19.04 –0.75

GOLDMAN EMG MKTS;A EM 193.6 16.84 –21.96 –13.46 0.31 1.58 1.56 16.74 –0.78

GOLDMAN EMG MKTS;Ir EM 1074.0 18.07 –21.88 –13.09 0.71 1.98 1.96 17.96 –0.84

GOLDMAN EQUITY INC;A LCVE 246.3 30.95 –22.73 –12.93 –1.01 1.77 6.49 30.67 –0.94

GOLDMAN GRO OPPS;A MLGE 249.8 11.67 –17.23 –5.78 7.07 4.54 9.20 11.34 –0.57

GOLDMAN GRO OPPS;Ir MLGE 319.8 15.92 –17.13 –5.43 7.46 4.91 9.62 15.46 –0.77

GOLDMAN GRO STR;A MTAG 270.0 13.24 –18.17 –9.22 0.59 2.18 4.84 NA NA

GOLDMAN GRO&INC STR;A MTAM 237.4 12.18 –14.32 –6.44 0.92 2.04 4.22 NA NA

GOLDMAN INC BUILDER;A MTAM 267.9 20.81 –12.76 –4.60 1.36 2.03 5.71 NA NA

GOLDMAN ITL E INS;An IMLC 213.1 9.52 –24.68 –18.69 –4.03 –0.04 2.28 9.36 –0.31

GOLDMAN ITL E INS;INSTnr IMLC 826.8 9.79 –24.63 –18.38 –3.70 0.32 2.68 9.63 –0.32

GOLDMAN LC GRO INS;A MLGE 231.1 27.02 –16.42 –5.61 6.73 7.40 11.65 26.28 –1.04

GOLDMAN LC GRO INS;INSTr MLGE 565.9 28.06 –16.31 –5.22 7.15 7.82 12.09 27.29 –1.07

GOLDMAN MID CAP VAL;A MCCE 354.9 23.96 –29.90 –19.62 –4.16 –1.81 5.82 23.07 –1.28

GOLDMAN MID CAP VAL;Ir MCCE 225.8 24.24 –29.86 –19.35 –3.81 –1.43 6.23 23.34 –1.30

GOLDMAN SC EQTY INS;INSTr SCCE 205.2 18.70 –33.00 –26.22 –5.17 –0.63 7.05 17.63 –1.37

GOLDMAN SM CAP VAL;An SCCE 359.8 31.92 –36.20 –30.35 –9.57 –3.12 5.71 30.61 –1.85

GOLDMAN SM CAP VAL;Inr SCCE 2030.4 34.96 –36.11 –30.06 –9.22 –2.73 6.13 33.52 –2.02

GOLDMAN TECH OPPTY;A TK 285.1 19.62 –9.25 5.52 15.90 14.29 13.71 19.06 –0.97

GOLDMAN US EQTY INS;A MLCE 237.5 41.59 –19.45 –10.63 2.92 4.68 9.72 40.44 –1.69

GOLDMAN US EQTY INS;INSTr MLCE 215.1 42.95 –19.37 –10.29 3.32 5.09 10.15 41.76 –1.75

GOTHAM ABSOLUTE RTN;INSTr ABR 591.7 12.90 –16.83 –12.19 –1.75 –0.81 I 12.67 –0.48

GOTHAM ENHANCED RTN;INSTr LSE 278.6 8.54 –26.57 –19.33 –1.96 0.21 I 8.28 –0.51

GOTHAM INDEX PLUS;INSTr LCCE 394.3 12.58 –22.01 –12.34 2.35 5.95 I 12.30 –0.61

GPS LG CAP CORE;SVC MLCE 323.8 16.11 –21.48 –11.59 2.85 3.97 8.29 15.57 –0.94

GREEN CENTURY BAL;INV MTAG 257.6 26.02 –12.74 –3.94 4.03 3.20 6.69 25.57 –0.67

GREEN CENTURY EQUITY;INV LCCE 212.8 41.25 –17.07 –4.53 6.04 6.61 9.65 40.37 –1.44

GUGGENHEIM SMC VAL;A MCVE 211.4 21.56 –31.42 –22.27 –5.76 –0.24 4.93 20.69 –1.22

GUIDESTONE AGG ALL;INV MTAA 633.5 9.30 –22.18 –12.81 1.30 2.43 6.48 NA NA

GUIDESTONE BAL ALL;INV MTAM 1054.8 10.71 –12.14 –4.50 2.11 2.30 4.71 NA NA

GUIDESTONE CSV ALL;INV MTAC 375.6 10.66 –7.47 –2.30 1.70 1.79 2.89 NA NA

GUIDESTONE EQTY IDX;INSTr SPSP 1266.1 28.53 –19.52 –6.66 5.35 6.79 10.55 NA NA

GUIDESTONE EQTY IDX;INV SPSP 511.3 28.53 –19.57 –6.89 5.08 6.53 10.32 NA NA

GUIDESTONE GR ALLOC;INV MTAG 743.2 10.13 –17.71 –9.14 1.66 2.21 5.46 NA NA

GUIDESTONE GRO EQTY;INSTr LCGE 766.4 22.88 –12.77 –0.30 12.70 9.97 12.44 NA NA

GUIDESTONE GRO EQTY;INV LCGE 643.1 22.69 –12.80 –0.53 12.43 9.70 12.20 NA NA

GUIDESTONE INTL EQ;INSTr IMLC 744.6 10.34 –24.96 –16.79 –2.04 –0.34 2.48 NA NA

GUIDESTONE INTL EQ;INV IMLC 263.7 10.35 –25.05 –17.04 –2.32 –0.62 2.23 NA NA

GUIDESTONE SC EQTY;INSTr SCCE 245.7 11.14 –29.13 –23.68 –4.31 –1.07 6.98 NA NA

GUIDESTONE SC EQTY;INV SCCE 172.2 11.09 –29.18 –23.90 –4.56 –1.49 6.65 NA NA

GUIDESTONE VAL EQTY;INSTr MLVE 644.6 13.87 –27.08 –16.84 –2.48 0.98 7.21 NA NA

GUIDESTONE VAL EQTY;INV MLVE 269.4 13.88 –27.10 –17.04 –2.71 0.72 6.96 NA NA

HARBOR CAP APPREC;ADMr LCGE 305.7 65.20 –11.88 –0.28 12.53 10.29 12.52 62.75 –3.62

HARBOR CAP APPREC;INSTr LCGE18884.3 66.79 –11.83 –0.03 12.81 10.57 12.80 64.28 –3.70

HARBOR CAP APPREC;INV LCGE 913.9 63.57 –11.90 –0.40 12.40 10.16 12.39 61.18 –3.52

HARBOR INTERNATL;INSTr IMLG 2698.7 30.12 –24.85 –16.11 –5.13 –3.28 1.54 29.27 –1.31

HARBOR INTERNATL;INV IMLG 310.6 29.83 –24.94 –16.46 –5.48 –3.65 1.16 29.00 –1.30

HARBOR INTL GRO;INSTr IMLG 338.0 13.54 –20.31 –6.74 1.49 1.92 3.68 13.15 –0.67

HARBOR LG CAP VALUE;INSTr MLCE 612.9 13.23 –24.01 –9.95 1.77 5.55 9.49 12.77 –0.74

HARBOR MID CAP VAL;INSTr MCVE 264.8 12.85 –39.73 –34.14 –12.82 –5.79 4.78 12.05 –1.40

HARBOR SM CAP GRO;INSTnr SCGE 360.7 10.63 –23.69 –10.69 3.80 3.17 9.69 10.19 –0.75

HARBOR SM CAP VAL;INSTr SCCE 975.9 24.40 –30.15 –20.40 –4.37 0.96 7.62 23.13 –2.10

HARDING LOEVNER EM;ADVn EM 3209.1 42.67 –27.91 –20.83 –3.73 –0.78 1.68 42.27 –2.14

HARDING LOEVNER IE;Ir ILCG 11518.1 19.19 –19.37 –9.52 0.86 2.14 4.90 18.83 –0.58

HARTFD BAL INCOME;A MTAM 3217.5 13.07 –11.81 –2.97 2.73 4.00 7.01 12.97 –0.12

HARTFD BAL INCOME;C MTAM 2966.9 12.87 –11.98 –3.68 1.95 3.23 6.22 12.77 –0.09

HARTFD BAL INCOME;Ir MTAM 3373.9 13.07 –11.80 –2.71 2.98 4.27 7.28 12.97 –0.13

HARTFD CAP APPR;A MLCE 3774.3 29.37 –21.51 –11.43 3.00 3.82 7.68 28.32 –1.53

HARTFD CAP APPR;C MLCE 188.0 21.09 –21.66 –12.06 2.23 3.06 6.91 20.34 –1.10

HARTFD CAP APPR;Ir MLCE 493.5 29.52 –21.45 –11.18 3.28 4.12 7.99 28.47 –1.53

HARTFD CHECKS & BAL;A MTAG 1110.4 7.98 –14.81 –5.34 3.26 3.96 6.84 7.83 –0.19

HARTFD CORE EQUITY;A LCCE 819.3 28.15 –19.48 –5.38 6.54 6.86 11.17 27.42 –1.34

HARTFD CORE EQUITY;C LCCE 338.6 25.58 –19.66 –6.09 5.73 6.06 10.36 24.92 –1.22

HARTFD CORE EQUITY;Yr LCCE 508.6 28.54 –19.42 –5.11 6.85 7.21 11.61 27.80 –1.36

HARTFD DIV & GRO;A EIEI 2931.9 20.46 –22.48 –10.94 1.92 4.46 8.38 20.03 –0.93

HARTFD DIV & GRO;Ir EIEI 950.2 20.34 –22.43 –10.71 2.19 4.71 8.65 19.92 –0.94

HARTFD DIV & GRO;Yr EIEI 578.6 21.04 –22.38 –10.66 2.24 4.81 8.79 20.59 –0.98

HARTFD EM EQUITY;Yr EM 167.2 6.97 –25.61 –19.87 –3.31 –0.58 I 6.94 –0.28

HARTFD EQUITY INC;A EIEI 1231.7 15.22 –22.03 –11.87 0.60 3.92 8.55 15.00 –0.61

HARTFD EQUITY INC;C EIEI 217.3 15.14 –22.22 –12.58 –0.16 3.14 7.76 14.92 –0.57

HARTFD EQUITY INC;Ir EIEI 726.1 15.12 –21.96 –11.65 0.86 4.18 8.83 14.90 –0.61

HARTFD GRO ALLOC;A MTAG 419.4 10.32 –19.81 –11.91 0.69 0.99 4.92 10.09 –0.36

HARTFD GROWTH OPPS;A MLGE 1846.5 34.10 –13.41 –6.90 9.93 8.50 12.06 32.70 –1.98

HARTFD GROWTH OPPS;C MLGE 224.5 16.59 –13.55 –7.55 9.11 7.71 11.26 15.91 –0.96

HARTFD GROWTH OPPS;Ir MLGE 1142.5 36.44 –13.34 –6.66 10.21 8.76 12.35 34.95 –2.11

HARTFD HEALTHCARE;A GH 614.2 32.63 –13.43 1.16 6.51 5.07 12.92 31.90 –0.53

HARTFD HEALTHCARE;Ir GH 284.8 34.67 –13.37 1.46 6.81 5.36 13.26 33.90 –0.56

HARTFD INTL OPPTY;A ILCG 365.7 12.79 –22.01 –14.04 –2.82 –0.87 2.74 12.44 –0.81

HARTFD INTL OPPTY;Ir ILCG 283.7 12.70 –21.94 –13.73 –2.53 –0.57 3.08 12.36 –0.80

HARTFD INTL OPPTY;R5r ILCG 255.1 13.36 –22.01 –13.77 –2.53 –0.56 3.10 13.00 –0.85

HARTFD INTL OPPTY;Yr ILCG 860.0 13.44 –22.00 –13.72 –2.48 –0.48 3.19 13.08 –0.85

HARTFD INTL VALUE;Ir IMLV 696.9 9.85 –34.51 –27.66 –9.52 –2.70 I 9.67 –0.57

HARTFD INTL VALUE;Yr IMLV 344.5 10.08 –34.50 –27.66 –9.49 –2.65 I 9.89 –0.59

HARTFD MIDCAP VAL;A MCVE 221.0 10.24 –31.37 –20.95 –5.94 –2.10 5.77 9.70 –0.81

HARTFD MIDCAP;A MCGE 2166.8 23.15 –24.25 –16.50 2.74 4.14 9.49 22.19 –1.42

HARTFD MIDCAP;C MCGE 355.9 15.44 –24.42 –17.15 1.96 3.37 8.69 14.81 –0.94

HARTFD MIDCAP;Ir MCGE 3359.8 24.05 –24.23 –16.31 3.01 4.39 9.75 23.06 –1.46

HARTFD MIDCAP;R4r MCGE 185.4 27.35 –24.28 –16.52 2.70 4.11 9.49 26.22 –1.67

HARTFD MIDCAP;R5r MCGE 357.9 28.35 –24.24 –16.29 3.00 4.42 9.81 27.19 –1.72

HARTFD MIDCAP;Yr MCGE 1114.4 28.68 –24.21 –16.23 3.07 4.50 9.91 27.50 –1.75

LATEST LATESTWK’SDATA

REPORTED NAV RETURNTHROUGH3/31 (asofThursday)

ASSETS ($SHR) QTR 1YR 3YRS 5YRS 10YRS CLOSE WK’S

NAME OBJ ($MIL) 3/31/20 (Annualized) NAV CHG

LATEST LATESTWK’SDATA

REPORTED NAV RETURNTHROUGH3/31 (asofThursday)

ASSETS ($SHR) QTR 1YR 3YRS 5YRS 10YRS CLOSE WK’S

NAME OBJ ($MIL) 3/31/20 (Annualized) NAV CHG

CASH TRACK

Thechartsaboveshowfour-weekmovingaveragesofnetcashflowinmillionsofdollars.Thosebelowareforlastmonth.

BARRON'S•LipperFMI;InvestmentCompanyInstitute

6200

1400

-3400

-8200

-13000

Feb Mar Apr

Equity Funds

4000

800

-2400

-5600

-8800

Feb Mar Apr

Municipal Bond Funds

169000

109000

49000

-11000

Feb Mar Apr

Money Market Funds

17000

-4000

-25000

-46000

Feb Mar Apr

Taxable Bond Funds

-5

-25

-45

-65

M A M J J A S O N D J F

Monthly Equity Cash Flow ($bils)

3.3

3.0

2.7

2.4

M A M J J A S O N D J F

Equity Portfolio Cash as % of Assets

A Money Market: Money exited stocks and bonds again, sinking the last month’s average

weekly outflow to $11.8 billion, according to Lipper. Outflows from taxable-bond funds

averaged $43.4 billion, while the drain from muni-bond funds was $8 billion. Money-mar-

ket weekly inflows climbed, by contrast, to $164.5 billion. Back in February, the cash drain

from equity funds for the month was $16 billion, says the Investment Company Institute,

compared with $39 billion for January.