Spoof Access

×
ODIIX

Discovery Fund

x
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.

×
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 09/21/2018)
$107.59
Total Assets
(as of 08/31/2018)
$2.72 BN
Gross Expense Ratio
(as of 08/31/2018)
0.68%
Net Expense Ratio
(as of 08/31/2018)
0.68%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 08/31/2018
  • G
as of 06/30/2018
  • G

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-06-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
12.11% 26.88% 11.82% 13.99% - 15.19%
Russell 2000® Growth Index
9.70% 21.86% 10.60% 13.65% 11.24% 4.33%
Cumulative
Annualized
ytd as of 2018-08-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
23.66% 38.32% 17.60% 14.11% - 16.49%
Russell 2000® Growth Index
18.53% 30.72% 16.36% 14.20% 11.57% 4.56%
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
8/31/2008 0.00 0.00 0.00 0.00
9/30/2008 -12.71 -11.30 -11.89 -8.91
10/31/2008 -29.13 -30.55 -28.60 -24.21
11/30/2008 -37.27 -38.96 -33.22 -29.65
12/31/2008 -34.82 -35.65 -31.08 -28.90
1/31/2009 -37.90 -40.54 -37.12 -34.89
2/28/2009 -43.58 -46.70 -43.55 -41.82
3/31/2009 -40.36 -41.91 -39.30 -36.73
4/30/2009 -36.59 -33.17 -32.49 -30.67
5/31/2009 -34.65 -30.58 -26.37 -26.79
6/30/2009 -32.66 -28.34 -26.70 -26.65
7/31/2009 -28.66 -22.78 -20.49 -21.10
8/31/2009 -27.73 -22.02 -17.21 -18.25
9/30/2009 -23.19 -16.90 -13.91 -15.20
10/31/2009 -26.83 -22.68 -15.45 -16.78
11/30/2009 -23.47 -20.29 -11.99 -11.79
12/31/2009 -17.02 -13.46 -10.41 -10.08
1/31/2010 -21.29 -17.33 -14.11 -13.32
2/28/2010 -18.17 -13.73 -12.90 -10.63
3/31/2010 -11.63 -6.87 -7.51 -5.24
4/30/2010 -8.88 -2.97 -7.49 -3.74
5/31/2010 -14.54 -9.38 -16.36 -11.43
6/30/2010 -20.24 -15.46 -19.22 -16.07
7/31/2010 -16.48 -9.87 -12.67 -10.18
8/31/2010 -20.50 -16.44 -15.93 -14.24
9/30/2010 -10.41 -4.61 -8.10 -6.59
10/31/2010 -5.09 -0.51 -4.67 -3.03
11/30/2010 0.06 3.83 -6.73 -3.02
12/31/2010 6.00 11.71 0.13 3.46
1/31/2011 8.01 11.09 2.39 5.91
2/28/2011 16.11 17.62 5.98 9.54
3/31/2011 21.70 22.03 4.93 9.59
4/30/2011 27.52 26.43 9.39 12.83
5/31/2011 23.99 23.96 7.12 11.56
6/30/2011 23.27 21.31 5.43 9.70
7/31/2011 18.09 16.55 3.51 7.46
8/31/2011 8.26 6.57 -3.78 1.63
9/30/2011 -0.95 -5.68 -12.09 -5.52
10/31/2011 10.40 9.28 -3.00 4.81
11/30/2011 9.54 8.70 -5.37 4.58
12/31/2011 7.56 8.46 -5.42 5.65
1/31/2012 12.96 16.57 -0.67 10.38
2/29/2012 19.91 20.41 4.18 15.16
3/31/2012 23.21 22.86 5.52 18.94
4/30/2012 26.38 20.84 4.32 18.20
5/31/2012 17.88 12.23 -4.68 11.09
6/30/2012 21.16 18.02 0.17 15.67
7/31/2012 21.42 15.96 1.46 17.28
8/31/2012 26.82 20.12 4.03 19.92
9/30/2012 30.61 23.73 6.89 23.02
10/31/2012 25.89 19.88 6.17 20.75
11/30/2012 24.26 20.80 7.53 21.45
12/31/2012 25.84 24.28 9.55 22.55
1/31/2013 33.15 32.46 15.13 28.90
2/28/2013 33.47 33.87 15.32 30.65
3/31/2013 40.20 40.70 18.02 35.55
4/30/2013 38.89 39.78 21.74 38.16
5/31/2013 45.50 46.87 21.78 41.40
6/30/2013 46.63 45.95 18.78 39.50
7/31/2013 58.47 57.00 25.04 46.60
8/31/2013 60.74 53.93 22.38 42.35
9/30/2013 70.55 64.64 28.50 46.81
10/31/2013 74.59 67.64 33.53 53.56
11/30/2013 78.88 74.52 35.90 58.24
12/31/2013 83.87 78.10 38.77 62.25
1/31/2014 80.91 75.02 33.63 56.64
2/28/2014 90.27 83.48 40.32 63.80
3/31/2014 79.46 78.96 40.53 65.18
4/30/2014 63.76 69.77 41.97 66.40
5/31/2014 63.19 71.41 44.76 70.31
6/30/2014 75.31 82.05 47.35 73.83
7/31/2014 64.50 71.02 45.00 71.43
8/31/2014 72.29 80.56 48.19 78.29
9/30/2014 66.78 70.89 44.17 75.79
10/31/2014 75.43 81.49 45.10 80.08
11/30/2014 77.11 82.66 48.01 84.92
12/31/2014 79.83 88.08 45.63 84.46
1/31/2015 76.61 83.78 42.99 78.92
2/28/2015 89.87 97.01 51.36 89.20
3/31/2015 93.17 100.55 48.99 86.21
4/30/2015 86.27 94.65 52.49 88.00
5/31/2015 95.40 101.80 53.01 90.41
6/30/2015 99.99 104.51 49.46 86.73
7/31/2015 106.51 105.35 52.14 90.64
8/31/2015 89.52 89.78 42.07 79.14
9/30/2015 80.84 77.80 36.83 74.71
10/31/2015 87.72 87.88 47.67 89.44
11/30/2015 90.66 94.77 46.94 90.01
12/31/2015 83.40 85.48 44.36 87.01
1/31/2016 65.89 65.38 35.72 77.73
2/29/2016 62.56 64.21 34.71 77.49
3/31/2016 72.76 76.79 43.85 89.53
4/30/2016 75.55 78.55 46.13 90.27
5/31/2016 80.34 83.37 46.95 93.68
6/30/2016 84.48 82.52 45.30 94.18
7/31/2016 92.19 94.46 51.44 101.34
8/31/2016 92.90 96.52 51.57 101.63
9/30/2016 92.87 99.35 52.37 101.66
10/31/2016 82.99 86.96 49.42 97.99
11/30/2016 94.09 103.69 51.57 105.32
12/31/2016 91.14 106.47 55.20 109.38
1/31/2017 99.32 109.82 58.94 113.35
2/28/2017 103.78 114.97 63.35 121.82
3/31/2017 107.85 117.51 65.09 122.08
4/30/2017 112.92 121.52 67.54 124.36
5/31/2017 116.06 119.51 71.08 127.51
6/30/2017 118.51 127.06 71.74 128.94
7/31/2017 121.36 128.99 75.85 133.64
8/31/2017 120.91 128.73 76.10 134.36
9/30/2017 130.70 141.18 80.05 139.19
10/31/2017 139.31 144.92 83.45 144.77
11/30/2017 146.73 151.95 87.43 152.28
12/31/2017 146.80 152.24 89.96 155.09
1/31/2018 157.97 162.07 99.99 169.69
2/28/2018 154.22 154.61 91.71 159.75
3/31/2018 156.76 158.04 87.53 153.15
4/30/2018 155.52 158.29 89.69 154.12
5/31/2018 175.64 174.55 90.87 160.24
6/30/2018 176.11 176.70 90.78 161.84
7/31/2018 180.32 181.46 96.74 171.59
8/31/2018 204.38 198.98 99.18 180.44

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 09/24/2018

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

(35.8% of assets as of 08/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Discovery Fund Russell 2000® Growth Index Overweight / Underweight
United States 95.7% 99.9% -4.2%
Canada 0.7% 0.1% 0.6%
Developed Markets Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Americas 96.4% 100.0% -3.6%
Equity Sector Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Health Care 26.9% 27.0% -0.1%
Information Technology 24.0% 19.7% 4.3%
Consumer Discretionary 17.6% 15.2% 2.4%
Industrials 14.3% 18.2% -3.9%
Financials 8.7% 7.4% 1.3%
Materials 3.0% 4.0% -1.0%
Energy 1.9% 2.2% -0.3%
Industry Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Health Care Equipment & Supplies 14.0% 6.6% 7.4%
Software 9.4% 4.6% 4.8%
Internet Software & Services 8.2% 6.9% 1.3%
Hotels Restaurants & Leisure 7.2% 4.7% 2.5%
Biotechnology 4.9% 11.9% -6.9%
Aerospace & Defense 4.2% 1.1% 3.2%
Semiconductors & Semiconductor Equipment 3.7% 3.3% 0.3%
Life Sciences Tools & Services 3.3% 0.6% 2.7%
Machinery 2.9% 4.6% -1.7%
Banks 2.9% 2.8% 0.1%
Health Care Providers & Services 2.9% 2.8% 0.2%
Building Products 2.6% 2.3% 0.3%
Capital Markets 2.4% 1.4% 1.0%
Specialty Retail 2.3% 2.8% -0.5%
Diversified Consumer Services 2.2% 1.0% 1.1%
Chemicals 2.2% 2.5% -0.3%
Multiline Retail 2.1% 0.4% 1.7%
Trading Companies & Distributors 2.0% 1.4% 0.6%
Oil Gas & Consumable Fuels 1.9% 1.7% 0.3%
Distributors 1.8% 0.0% 1.7%
Asset Allocation Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Equity 96.4% 100.0% -3.6%
Market Cap Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Mid 74.7% 31.7% 43.0%
Small 21.7% 68.3% -46.6%
Analytics
(As of 08/31/2018)

Morningstar 08/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
607
Category
Small Growth
Analyst Rating (as of 7/19/18)
Silver
Performance Statistics
3Y
5Y
Alpha
3.57
1.02
Beta
0.83
0.92
Information Ratio
0.23
-0.02
R-Squared
84.61
86.49
Sharpe Ratio
1.30
0.98
Standard Deviation
12.55
14.14
Upside Capture
90.24
95.69
Downside Capture
68.82
92.37
Sortino Ratio
2.22
1.53
Win Ratio
50.00
50.00
Loss Ratio
50.00
50.00
Tracking Error
5.47
5.31
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$5.11 B
$2.70 B
Median Market Cap (weighted)
$5.05 B
$2.46 B
P/E Ratio (LTM)
55.80
41.64
P/E Ratio (NTM)
35.93
26.91
Price/Book
6.61
4.86
Return on Equity
5.95%
8.96%
Turnover Ratio
107%
-
Active Share
85.31%
-
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
12/5/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
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. 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. 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.
  3. 3. The Russell 2000® Growth Index measures the performance of the small-cap growth segment of the U.S. equity universe. It includes those Russell 2000 companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged and cannot be purchased directly by investors.   Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  4. 4. Holdings are subject to change, and are dollar weighted based on total new 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.
  5. 5. 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.
  6. 6. 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 morelikely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weighting of each pillar may vary. The Analyst Rating reflects an overall assessment and is overseen by Morningstar’s Analyst Rating Committee. The analyst rating scale is five-tiered, with threepositive 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 causeMstar’s expectations not to occur or to differ significantly.
  7. 7. 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.
  8. A. Effective 6/28/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus supplement 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 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 the original cost.  Current performance and expense ratios may be lower or higher than the data quoted.  Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated.  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.
  13. F. The performance data quoted represents past performance, which 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 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 and a 1% contingent deferred sales charge for the first year where indicated.  Class C shares are subject to a 0.75% annual asset-backed sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
  14. G. 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.
×
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )