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ODIIX

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
January 27, 2012
Investment Style
Small Cap Growth
Fund Index
Russell 2000® Growth Index
CUSIP
683921605
NAV
  • B
(as of 05/23/2018)
$98.67
Total Assets
(as of 04/30/2018)
$2.23 BN
Gross Expense Ratio
(as of 04/30/2018)
0.68%
Net Expense Ratio
(as of 04/30/2018)
0.68%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2018
  • C
as of 03/31/2018
  • C

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2018-03-31
  • D
1 yr 3 yr 5 yr since inception
Discovery Fund (NAV)
4.15% 4.15% 24.07% 10.42% 13.36% 14.47%
Russell 2000® Growth Index
2.30% 2.30% 18.63% 8.77% 12.90% -
Cumulative
Annualized
3 mo ytd as of 2018-04-30
  • D
1 yr 3 yr 5 yr since inception
Discovery Fund (NAV)
-0.84% 3.68% 20.50% 11.58% 13.47% 14.19%
Russell 2000® Growth Index
-1.44% 2.40% 16.60% 9.89% 13.07% -
Gross Expense Ratio: 0.68% | Net Expense Ratio: 0.68%

The performance data quoted represents past performance, which does not guarantee future results. The investments 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 the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Year Discovery Fund Russell 2000® Growth Index
2013 46.85% 43.30%
2014 -1.76% 5.60%
2015 2.40% -1.38%
2016 4.69% 11.32%
2017 29.64% 22.17%

The performance data quoted represents past performance, which does not guarantee future results. The investments 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 the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Date Discovery Fund Russell 2000® Growth Index MSCI World S&P 500
4/30/2013 0.00 0.00 0.00 0.00
5/31/2013 4.82 5.07 0.04 2.34
6/30/2013 5.66 4.42 -2.43 0.96
7/31/2013 14.25 12.32 2.71 6.10
8/31/2013 15.94 10.12 0.52 3.03
9/30/2013 23.07 17.79 5.55 6.26
10/31/2013 26.04 19.93 9.68 11.15
11/30/2013 29.20 24.86 11.63 14.53
12/31/2013 32.83 27.41 13.99 17.43
1/31/2014 30.76 25.21 9.77 13.37
2/28/2014 37.57 31.27 15.27 18.56
3/31/2014 29.80 28.03 15.43 19.55
4/30/2014 18.47 21.46 16.62 20.44
5/31/2014 18.12 22.63 18.91 23.26
6/30/2014 26.93 30.24 21.04 25.81
7/31/2014 19.16 22.35 19.11 24.08
8/31/2014 24.85 29.17 21.73 29.04
9/30/2014 20.91 22.26 18.43 27.23
10/31/2014 27.21 29.84 19.19 30.34
11/30/2014 28.48 30.68 21.58 33.84
12/31/2014 30.51 34.55 19.62 33.51
1/31/2015 28.22 31.48 17.45 29.50
2/28/2015 37.88 40.94 24.34 36.94
3/31/2015 40.32 43.48 22.39 34.78
4/30/2015 35.37 39.25 25.26 36.07
5/31/2015 42.05 44.37 25.69 37.82
6/30/2015 45.44 46.31 22.77 35.15
7/31/2015 50.24 46.91 24.97 37.98
8/31/2015 37.93 35.78 16.70 29.66
9/30/2015 31.64 27.20 12.40 26.45
10/31/2015 36.71 34.42 21.30 37.11
11/30/2015 38.90 39.34 20.70 37.52
12/31/2015 33.65 32.70 18.58 35.35
1/31/2016 20.95 18.32 11.49 28.64
2/29/2016 18.56 17.48 10.66 28.46
3/31/2016 26.04 26.48 18.16 37.18
4/30/2016 28.13 27.74 20.03 37.71
5/31/2016 31.66 31.18 20.71 40.18
6/30/2016 34.73 30.58 19.36 40.55
7/31/2016 40.42 39.12 24.40 45.73
8/31/2016 40.99 40.60 24.50 45.93
9/30/2016 41.02 42.62 25.16 45.96
10/31/2016 33.84 33.76 22.74 43.30
11/30/2016 42.02 45.73 24.51 48.60
12/31/2016 39.91 47.71 27.49 51.54
1/31/2017 45.97 50.11 30.56 54.42
2/28/2017 49.26 53.79 34.18 60.55
3/31/2017 52.28 55.61 35.61 60.73
4/30/2017 56.07 58.48 37.62 62.39
5/31/2017 58.41 57.04 40.53 64.67
6/30/2017 60.27 62.44 41.07 65.70
7/31/2017 62.42 63.83 44.45 69.11
8/31/2017 62.16 63.64 44.65 69.62
9/30/2017 69.38 72.55 47.90 73.12
10/31/2017 75.76 75.22 50.70 77.16
11/30/2017 81.28 80.25 53.96 82.60
12/31/2017 81.39 80.46 56.04 84.63
1/31/2018 89.66 87.49 64.28 95.20
2/28/2018 86.98 82.15 57.48 88.00
3/31/2018 88.92 84.61 54.04 83.22
4/30/2018 88.06 84.79 55.81 83.93

The performance data quoted represents past performance, which does not guarantee future results. The investments 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 the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 05/23/2018

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

(33.3% of assets as of 04/30/2018)


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 98.4% 99.8% -1.3%
Canada 0.3% 0.0% 0.2%
Developed Markets Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Americas 98.7% 100.0% -1.3%
Equity Sector Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Information Technology 29.4% 25.0% 4.4%
Health Care 21.9% 25.5% -3.5%
Industrials 17.4% 17.2% 0.2%
Consumer Discretionary 16.5% 13.4% 3.1%
Financials 9.0% 6.1% 2.9%
Materials 3.4% 4.4% -1.0%
Energy 1.1% 1.4% -0.2%
Industry Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Software 13.8% 6.9% 6.9%
Health Care Equipment & Supplies 12.9% 6.4% 6.5%
Internet Software & Services 7.3% 6.7% 0.6%
Semiconductors & Semiconductor Equipment 5.8% 4.5% 1.3%
Aerospace & Defense 4.6% 1.0% 3.6%
Hotels Restaurants & Leisure 4.5% 4.6% -0.1%
Machinery 3.5% 4.3% -0.8%
Banks 3.5% 2.3% 1.3%
Biotechnology 3.1% 9.4% -6.3%
Specialty Retail 2.7% 1.7% 1.0%
Capital Markets 2.7% 1.6% 1.1%
Construction & Engineering 2.6% 1.4% 1.2%
Diversified Consumer Services 2.2% 1.3% 1.0%
Health Care Providers & Services 2.1% 3.4% -1.3%
Life Sciences Tools & Services 2.1% 1.0% 1.1%
Electronic Equipment Instruments & Components 2.0% 2.0% 0.0%
Distributors 1.9% 0.1% 1.8%
Trading Companies & Distributors 1.9% 1.1% 0.7%
Household Durables 1.8% 1.3% 0.4%
Building Products 1.8% 1.9% -0.1%
Asset Allocation Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Equity 98.7% 100.0% -1.3%
Market Cap Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Mid 70.8% 36.0% 34.8%
Small 27.9% 64.0% -36.1%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (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
3.15
1.70
Beta
0.81
0.89
Information Ratio
0.30
0.07
R-Squared
85.09
85.99
Sharpe Ratio
0.89
0.96
Standard Deviation
12.64
13.85
Upside Capture
91.94
93.53
Downside Capture
76.26
85.92
Sortino Ratio
0.37
0.43
Win Ratio
53.00
52.00
Loss Ratio
47.00
48.00
Tracking Error
5.55
5.42
Dividends
  • E
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)
$4.70 B
$2.90 B
Median Market Cap (weighted)
$4.20 B
$2.60 B
P/E Ratio (LTM)
48.05
37.34
P/E Ratio (NTM)
28.95
23.87
Price/Book
5.64
4.19
Return on Equity
9.31%
10.04%
Turnover Ratio
107.00%
-
Active Share
82.81%
-
Distribution Sources
  • E
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. Class I shares are only offered to eligible institutional investors that make a minimum initial investment of $1 million or more and to retirement plan service provider platforms. The minimum account balance for class I shares is $2.5 million. Class I shares are sold at net asset value without a sales charge. Please see Fund prospectuses for additional information.
  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. The performance data quoted represents past performance, which does not guarantee future results. The investments 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 the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
  11. D. "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.
  12. E. There is no guarantee of the payment of any dividend or other distributions at any level.
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