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ODINX

Discovery Fund

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Special Notice

As of 6/28/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.

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Overview

The Strategy typically invests in small-cap U.S. growth stocks.

Inception Date
March 1, 2001
Investment Style
Small Cap Growth
Fund Index
Russell 2000® Growth Index
CUSIP
683921506
NAV
  • B
(as of 06/21/2018)
$83.48
Total Assets
(as of 05/31/2018)
$2.41 BN
Gross Expense Ratio
(as of 05/31/2018)
1.37%
Net Expense Ratio
(as of 05/31/2018)
1.37%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 05/31/2018
as of 03/31/2018

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
3.98% 23.23% 9.67% 12.57% 10.77% 7.47%
Russell 2000® Growth Index
2.30% 18.63% 8.77% 12.90% 10.95% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (with sales charge)
3.98% 23.23% 9.67% 12.57% 10.77% 7.47%
Russell 2000® Growth Index
2.30% 18.63% 8.77% 12.90% 10.95% -
Cumulative
Annualized
ytd as of 2018-05-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
11.57% 27.25% 11.86% 13.33% 10.17% 7.83%
Russell 2000® Growth Index
8.85% 25.08% 10.81% 13.33% 10.47% -
Cumulative
Annualized
ytd as of 2018-05-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (with sales charge)
11.57% 27.25% 11.86% 13.33% 10.17% 7.83%
Russell 2000® Growth Index
8.85% 25.08% 10.81% 13.33% 10.47% -
Gross Expense Ratio: 1.37% | Net Expense Ratio: 1.37%

Year Discovery Fund Russell 2000® Growth Index
2002 -24.35% -30.26%
2003 38.68% 48.54%
2004 3.67% 14.31%
2005 1.05% 4.15%
2006 4.56% 13.35%
2007 25.36% 7.05%
2008 -38.76% -38.54%
2009 26.99% 34.47%
2010 27.43% 29.09%
2011 1.20% -2.91%
2012 16.67% 14.59%
2013 45.67% 43.30%
2014 -2.45% 5.60%
2015 1.71% -1.38%
2016 3.96% 11.32%
2017 28.78% 22.17%

Date Discovery Fund Russell 2000® Growth Index MSCI World S&P 500
5/31/2008 0.00 0.00 0.00 0.00
6/30/2008 -1.96 -5.96 -7.98 -8.43
7/31/2008 -1.91 -3.77 -10.22 -9.20
8/31/2008 -1.91 -1.38 -11.49 -7.89
9/30/2008 -14.40 -12.53 -22.01 -16.09
10/31/2008 -30.54 -31.51 -36.80 -30.19
11/30/2008 -38.50 -39.80 -40.89 -35.20
12/31/2008 -36.12 -36.54 -38.99 -34.51
1/31/2009 -39.15 -41.36 -44.34 -40.03
2/28/2009 -44.72 -47.44 -50.04 -46.41
3/31/2009 -41.59 -42.72 -46.27 -41.72
4/30/2009 -37.91 -34.10 -40.24 -36.14
5/31/2009 -36.02 -31.55 -34.83 -32.57
6/30/2009 -34.08 -29.33 -35.12 -32.43
7/31/2009 -30.17 -23.85 -29.62 -27.32
8/31/2009 -29.29 -23.10 -26.72 -24.70
9/30/2009 -24.87 -18.05 -23.80 -21.89
10/31/2009 -28.46 -23.75 -25.16 -23.34
11/30/2009 -25.18 -21.39 -22.10 -18.74
12/31/2009 -18.88 -14.66 -20.70 -17.17
1/31/2010 -23.06 -18.48 -23.98 -20.15
2/28/2010 -20.05 -14.92 -22.91 -17.68
3/31/2010 -13.65 -8.16 -18.13 -12.71
4/30/2010 -10.99 -4.31 -18.12 -11.33
5/31/2010 -16.54 -10.64 -25.96 -18.41
6/30/2010 -22.12 -16.63 -28.50 -22.69
7/31/2010 -18.46 -11.12 -22.70 -17.27
8/31/2010 -22.40 -17.60 -25.59 -21.00
9/30/2010 -12.56 -5.93 -18.65 -13.95
10/31/2010 -7.41 -1.89 -15.62 -10.68
11/30/2010 -2.41 2.39 -17.44 -10.67
12/31/2010 3.38 10.16 -11.37 -4.70
1/31/2011 5.30 9.55 -9.37 -2.44
2/28/2011 13.19 15.99 -6.20 0.90
3/31/2011 18.60 20.34 -7.12 0.94
4/30/2011 24.26 24.68 -3.17 3.93
5/31/2011 20.79 22.24 -5.18 2.76
6/30/2011 20.07 19.63 -6.68 1.04
7/31/2011 15.00 14.94 -8.38 -1.01
8/31/2011 5.40 5.10 -14.83 -6.39
9/30/2011 -3.58 -6.99 -22.19 -12.97
10/31/2011 7.46 7.77 -14.14 -3.46
11/30/2011 6.59 7.20 -16.23 -3.67
12/31/2011 4.62 6.96 -16.28 -2.68
1/31/2012 9.85 14.96 -12.08 1.68
2/29/2012 16.58 18.75 -7.79 6.07
3/31/2012 19.75 21.16 -6.60 9.56
4/30/2012 22.81 19.17 -7.66 8.88
5/31/2012 14.52 10.68 -15.63 2.33
6/30/2012 17.68 16.39 -11.33 6.55
7/31/2012 17.89 14.36 -10.19 8.03
8/31/2012 23.10 18.46 -7.92 10.46
9/30/2012 26.78 22.02 -5.39 13.32
10/31/2012 22.15 18.22 -6.03 11.22
11/30/2012 20.53 19.13 -4.82 11.87
12/31/2012 22.06 22.56 -3.03 12.89
1/31/2013 29.10 30.63 1.91 18.74
2/28/2013 29.36 32.01 2.08 20.35
3/31/2013 35.87 38.75 4.47 24.86
4/30/2013 34.55 37.84 7.76 27.27
5/31/2013 40.93 44.84 7.80 30.24
6/30/2013 41.99 43.93 5.14 28.50
7/31/2013 53.43 54.82 10.68 35.03
8/31/2013 55.58 51.80 8.32 31.12
9/30/2013 65.02 62.36 13.74 35.23
10/31/2013 68.90 65.32 18.19 41.45
11/30/2013 73.01 72.11 20.29 45.76
12/31/2013 77.80 75.63 22.84 49.45
1/31/2014 74.88 72.60 18.29 44.28
2/28/2014 83.91 80.94 24.21 50.88
3/31/2014 73.44 76.48 24.39 52.15
4/30/2014 58.21 67.42 25.66 53.28
5/31/2014 57.63 69.04 28.13 56.88
6/30/2014 69.29 79.53 30.43 60.12
7/31/2014 58.82 68.65 28.35 57.91
8/31/2014 66.30 78.06 31.17 64.23
9/30/2014 60.96 68.52 27.61 61.92
10/31/2014 69.24 78.98 28.44 65.88
11/30/2014 70.85 80.13 31.01 70.34
12/31/2014 73.43 85.47 28.90 69.91
1/31/2015 70.29 81.24 26.56 64.81
2/28/2015 83.02 94.28 33.98 74.28
3/31/2015 86.17 97.77 31.88 71.52
4/30/2015 79.49 91.95 34.98 73.17
5/31/2015 88.26 99.00 35.44 75.40
6/30/2015 92.61 101.68 32.29 72.00
7/31/2015 98.88 102.50 34.67 75.61
8/31/2015 82.46 87.16 25.75 65.01
9/30/2015 74.05 75.34 21.12 60.93
10/31/2015 80.65 85.28 30.71 74.50
11/30/2015 83.43 92.07 30.06 75.02
12/31/2015 76.41 82.91 27.78 72.26
1/31/2016 59.54 63.09 20.13 63.71
2/29/2016 56.31 61.94 19.24 63.49
3/31/2016 66.06 74.34 27.33 74.58
4/30/2016 68.74 76.08 29.35 75.26
5/31/2016 73.29 80.83 30.07 78.41
6/30/2016 77.21 80.00 28.61 78.87
7/31/2016 84.58 91.76 34.05 85.46
8/31/2016 85.22 93.80 34.16 85.72
9/30/2016 85.16 96.59 34.87 85.76
10/31/2016 75.64 84.38 32.26 82.37
11/30/2016 86.27 100.87 34.16 89.12
12/31/2016 83.40 103.61 37.37 92.86
1/31/2017 91.19 106.92 40.69 96.52
2/28/2017 95.44 111.99 44.59 104.32
3/31/2017 99.28 114.50 46.13 104.56
4/30/2017 104.10 118.45 48.30 106.66
5/31/2017 107.07 116.47 51.43 109.57
6/30/2017 109.38 123.92 52.02 110.88
7/31/2017 112.07 125.82 55.65 115.22
8/31/2017 111.60 125.56 55.87 115.87
9/30/2017 120.90 137.84 59.37 120.33
10/31/2017 129.13 141.53 62.38 125.47
11/30/2017 136.17 148.46 65.90 132.38
12/31/2017 136.18 148.75 68.15 134.97
1/31/2018 146.79 158.44 77.02 148.42
2/28/2018 143.18 151.08 69.69 139.26
3/31/2018 145.58 154.47 65.99 133.18
4/30/2018 144.33 154.72 67.90 134.08
5/31/2018 163.52 170.75 68.95 139.72
$ per share as of 06/22/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term 5.9890 7.0126 4.6368 2.9326 9.6645
Total Amount of Distribution 5.9890 7.0126 4.6368 2.9326 9.6645
Record Date 12/3/13 12/2/14 12/2/15 12/5/16 12/4/17
Ex Div Date 12/4/13 12/3/14 12/3/15 12/6/16 12/5/17
Pay Date 12/5/13 12/3/14 12/3/15 12/6/16 12/5/17

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Issuers

(33.4% of assets as of 05/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Discovery Fund Russell 2000® Growth Index Overweight / Underweight
United States 97.2% 99.8% -2.6%
Canada 0.3% 0.0% 0.3%
Developed Markets Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Americas 97.5% 100.0% -2.5%
Equity Sector Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Information Technology 28.2% 25.4% 2.8%
Health Care 22.4% 25.8% -3.4%
Consumer Discretionary 16.7% 13.1% 3.6%
Industrials 16.1% 17.0% -1.0%
Financials 9.1% 6.0% 3.0%
Materials 3.2% 4.2% -1.0%
Energy 1.8% 1.3% 0.5%
Industry Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Health Care Equipment & Supplies 12.8% 6.7% 6.0%
Software 11.8% 6.9% 4.9%
Internet Software & Services 8.3% 6.8% 1.5%
Semiconductors & Semiconductor Equipment 5.4% 4.8% 0.6%
Hotels Restaurants & Leisure 5.1% 4.3% 0.7%
Aerospace & Defense 4.4% 1.1% 3.3%
Banks 3.8% 2.2% 1.6%
Biotechnology 3.7% 9.5% -5.8%
Health Care Providers & Services 2.7% 3.5% -0.7%
Construction & Engineering 2.6% 1.4% 1.3%
Machinery 2.4% 4.2% -1.8%
Capital Markets 2.4% 1.6% 0.9%
Specialty Retail 2.4% 1.6% 0.8%
Diversified Consumer Services 2.4% 1.3% 1.1%
Electronic Equipment Instruments & Components 2.1% 2.0% 0.1%
Life Sciences Tools & Services 2.0% 1.0% 1.0%
Distributors 1.9% 0.1% 1.8%
Building Products 1.9% 1.9% -0.1%
Trading Companies & Distributors 1.9% 1.1% 0.8%
Multiline Retail 1.8% 0.4% 1.4%
Asset Allocation Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Equity 97.5% 100.0% -2.5%
Market Cap Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Mid 70.0% 38.9% 31.1%
Small 27.5% 61.0% -33.5%
Analytics
(As of 05/31/2018)

Morningstar 05/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
601
Category
Small Growth
Analyst Rating (as of 7/26/17)
Silver
Performance Statistics
3Y
5Y
Alpha
2.59
1.27
Beta
0.83
0.90
Information Ratio
0.19
0.00
R-Squared
85.33
85.96
Sharpe Ratio
0.88
0.94
Standard Deviation
13.07
14.08
Upside Capture
90.58
93.12
Downside Capture
77.57
87.47
Sortino Ratio
0.37
0.42
Win Ratio
53.00
53.00
Loss Ratio
47.00
47.00
Tracking Error
5.58
5.46
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/5/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$4.80 B
$3.10 B
Median Market Cap (weighted)
$4.60 B
$2.70 B
P/E Ratio (LTM)
49.39
39.41
P/E Ratio (NTM)
30.35
25.05
Price/Book
5.73
4.36
Return on Equity
7.42%
9.85%
Turnover Ratio
107%
-
Active Share
82.37%
-
Distribution Sources
  • D
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. Special Risks: Small-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a small-sized company, if any gain is realized at all. Investments in securities of growth companies may be volatile. Diversification does not guarantee profit or protect against loss.
  2. 2. Prior to 7/1/14, Class R shares were named Class N shares. Beginning 7/1/14, new purchases of Class R shares will no longer be subject to a CDSC upon redemption (any CDSC will remain in effect for purchases prior to 7/1/14),
  3. 3. The net expense ratio (where applicable) also takes into account contractual fee waivers and/or expense reimbursements without which performance would have been less. These undertakings may not be amended or withdrawn for one year from the date of the current prospectus, unless approved by the Board.
  4. 4. Access index definitions.
  5. 5. Holdings are subject to change, and are dollar weighted based on total net assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the fund's net asset value and fluctuations of dividends and distributions paid by the fund.
  6. 6. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund’s prospectus.
  7. 7. The Morningstar Analyst Rating is not a credit or risk rating but a subjective evaluation performed by the analysts of Morningstar, Inc. (Mstar). Mstar evaluates funds based on five key pillars (process, performance, people, parent and price). Mstar's analysts use this evaluation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weightings of each pillar may vary. The Analyst Rating reflects overall assessment and is overseen by Morningstar's Analyst Rating Committee. The analyst rating scale is five-tiered, with three positive ratings (Gold, Silver, Bronze), a Neutral rating and a Negative rating, with Gold being the highest rating and Negative being the lowest rating. The Mstar Analyst Ratings should not be used as the sole basis in evaluating a mutual fund and are based on Mstar's current expectations about future events. Mstar does not represent ratings as a guarantee. Analyst Ratings involve unknown risks and uncertainties which may cause Mstar's expectations not to occur or to differ significantly.
  8. A. As of 6/28/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.
  9. B. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
  10. C. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund). These returns would be lower if sales charges were taken into consideration. Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.
  11. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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