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ODICX

Discovery Fund
  • A
  • 1

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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
October 2, 1995
Investment Style
Small Cap Growth
Fund Index
Russell 2000® Growth Index
CUSIP
683921407
NAV
  • B
(as of 11/16/2018)
$59.57
Total Assets
(as of 10/31/2018)
$2.37 BN
Gross Expense Ratio
(as of 10/31/2018)
1.87%
Net Expense Ratio
(as of 10/31/2018)
1.87%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2018
  • C
as of 09/30/2018
  • C

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • C
Cumulative
Annualized
ytd as of 2018-09-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
21.56% 29.78% 17.71% 11.24% 12.34% 7.53%
Russell 2000® Growth Index
15.76% 21.06% 17.98% 12.14% 12.65% 4.47%
Cumulative
Annualized
ytd as of 2018-09-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (with sales charge)
20.56% 28.78% 17.71% 11.24% 12.34% 7.53%
Russell 2000® Growth Index
15.76% 21.06% 17.98% 12.14% 12.65% 4.47%
Cumulative
Annualized
ytd as of 2018-10-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
7.07% 10.28% 11.46% 7.96% 13.27% 6.91%
Russell 2000® Growth Index
1.11% 4.13% 10.72% 8.75% 13.89% 4.02%
Cumulative
Annualized
ytd as of 2018-10-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (with sales charge)
6.07% 9.34% 11.46% 7.96% 13.27% 6.91%
Russell 2000® Growth Index
1.11% 4.13% 10.72% 8.75% 13.89% 4.02%
Gross Expense Ratio: 1.87% | Net Expense Ratio: 1.87%

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.


Year Discovery Fund Russell 2000® Growth Index
1996 13.88% 4.00%
1997 9.62% 4.29%
1998 -2.74% -6.46%
1999 50.17% 3.64%
2000 -13.88% 9.31%
2001 -12.27% -0.57%
2002 -24.70% -0.33%
2003 37.98% -2.14%
2004 3.14% -0.64%
2005 0.50% 5.99%
2006 4.03% 13.35%
2007 24.74% 7.05%
2008 -39.08% -38.54%
2009 26.35% 34.47%
2010 26.77% 29.09%
2011 0.68% -2.91%
2012 16.09% 14.59%
2013 44.97% 43.30%
2014 -2.92% 5.60%
2015 1.20% -1.38%
2016 3.46% 11.32%
2017 28.13% 22.17%

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.


Date Discovery Fund Russell 2000® Growth Index MSCI World S&P 500
10/31/2008 0.00 0.00 0.00 0.00
11/30/2008 -11.55 -12.10 -6.47 -7.18
12/31/2008 -8.14 -7.33 -3.47 -6.19
1/31/2009 -12.55 -14.38 -11.93 -14.09
2/28/2009 -20.58 -23.25 -20.94 -23.24
3/31/2009 -16.11 -16.36 -14.98 -16.52
4/30/2009 -10.87 -3.77 -5.44 -8.53
5/31/2009 -8.20 -0.05 3.12 -3.41
6/30/2009 -5.45 3.19 2.66 -3.22
7/31/2009 0.13 11.20 11.35 4.10
8/31/2009 1.35 12.28 15.95 7.86
9/30/2009 7.65 19.65 20.57 11.88
10/31/2009 2.46 11.34 18.42 9.80
11/30/2009 7.11 14.79 23.26 16.39
12/31/2009 16.06 24.61 25.47 18.64
1/31/2010 10.01 19.03 20.29 14.37
2/28/2010 14.30 24.23 21.98 17.91
3/31/2010 23.38 34.10 29.54 25.03
4/30/2010 27.12 39.72 29.56 27.00
5/31/2010 19.18 30.49 17.15 16.86
6/30/2010 11.15 21.73 13.13 10.74
7/31/2010 16.30 29.78 22.30 18.50
8/31/2010 10.64 20.32 17.74 13.15
9/30/2010 24.63 37.35 28.71 23.25
10/31/2010 31.91 43.26 33.51 27.94
11/30/2010 38.98 49.50 30.63 27.96
12/31/2010 47.13 60.85 40.23 36.51
1/31/2011 49.83 59.96 43.40 39.75
2/28/2011 60.97 69.36 48.42 44.53
3/31/2011 68.61 75.71 46.96 44.59
4/30/2011 76.55 82.05 53.20 48.87
5/31/2011 71.55 78.49 50.03 47.19
6/30/2011 70.47 74.68 47.65 44.73
7/31/2011 63.19 67.83 44.97 41.79
8/31/2011 49.53 53.46 34.76 34.09
9/30/2011 36.71 35.82 23.12 24.66
10/31/2011 52.32 57.36 35.86 38.29
11/30/2011 51.00 56.53 32.54 37.98
12/31/2011 48.14 56.18 32.47 39.39
1/31/2012 55.48 67.86 39.11 45.64
2/29/2012 64.97 73.39 45.91 51.94
3/31/2012 69.37 76.91 47.78 56.94
4/30/2012 73.65 74.00 46.11 55.95
5/31/2012 61.84 61.60 33.49 46.58
6/30/2012 66.24 69.94 40.30 52.62
7/31/2012 66.47 66.98 42.10 54.74
8/31/2012 73.75 72.97 45.70 58.22
9/30/2012 78.86 78.16 49.70 62.31
10/31/2012 72.28 72.62 48.69 59.32
11/30/2012 69.92 73.95 50.60 60.24
12/31/2012 71.97 78.96 53.43 61.70
1/31/2013 81.83 90.73 61.24 70.08
2/28/2013 82.14 92.76 61.51 72.38
3/31/2013 91.20 102.60 65.29 78.85
4/30/2013 89.29 101.27 70.50 82.30
5/31/2013 98.17 111.48 70.56 86.56
6/30/2013 99.56 110.17 66.36 84.05
7/31/2013 115.55 126.07 75.12 93.42
8/31/2013 118.48 121.65 71.39 87.82
9/30/2013 131.69 137.07 79.96 93.71
10/31/2013 137.05 141.40 87.01 102.61
11/30/2013 142.73 151.31 90.33 108.79
12/31/2013 149.31 156.45 94.36 114.07
1/31/2014 145.15 152.02 87.16 106.67
2/28/2014 157.67 164.20 96.53 116.13
3/31/2014 142.89 157.69 96.81 117.94
4/30/2014 121.51 144.46 98.83 119.55
5/31/2014 120.59 146.82 102.74 124.71
6/30/2014 136.82 162.14 106.37 129.35
7/31/2014 122.08 146.26 103.08 126.19
8/31/2014 132.47 159.99 107.55 135.23
9/30/2014 124.87 146.07 101.92 131.94
10/31/2014 136.36 161.33 103.22 137.60
11/30/2014 138.50 163.02 107.30 143.99
12/31/2014 142.04 170.82 103.95 143.38
1/31/2015 137.52 164.64 100.26 136.07
2/28/2015 155.20 183.68 111.99 149.64
3/31/2015 159.50 188.77 108.67 145.69
4/30/2015 150.08 180.28 113.57 148.05
5/31/2015 162.16 190.58 114.30 151.24
6/30/2015 168.14 194.48 109.32 146.37
7/31/2015 176.70 195.69 113.08 151.53
8/31/2015 153.78 173.28 98.98 136.36
9/30/2015 142.00 156.02 91.64 130.51
10/31/2015 151.03 170.54 106.82 149.95
11/30/2015 154.81 180.46 105.79 150.70
12/31/2015 144.94 167.08 102.18 146.74
1/31/2016 121.43 138.14 90.08 134.50
2/29/2016 116.85 136.46 88.67 134.18
3/31/2016 130.31 154.57 101.47 150.07
4/30/2016 133.91 157.11 104.66 151.04
5/31/2016 140.12 164.04 105.81 155.55
6/30/2016 145.45 162.82 103.50 156.21
7/31/2016 155.54 180.01 112.10 165.66
8/31/2016 156.34 182.98 112.28 166.03
9/30/2016 156.15 187.06 113.40 166.08
10/31/2016 142.88 169.22 109.27 161.23
11/30/2016 157.46 193.31 112.28 170.90
12/31/2016 153.39 197.31 117.36 176.25
1/31/2017 164.06 202.13 122.61 181.49
2/28/2017 169.78 209.54 128.78 192.67
3/31/2017 175.01 213.21 131.22 193.01
4/30/2017 181.53 218.98 134.64 196.02
5/31/2017 185.48 216.08 139.61 200.19
6/30/2017 188.59 226.95 140.53 202.06
7/31/2017 192.14 229.74 146.29 208.27
8/31/2017 191.40 229.35 146.63 209.22
9/30/2017 204.08 247.29 152.17 215.59
10/31/2017 215.24 252.67 156.93 222.96
11/30/2017 224.81 262.79 162.50 232.86
12/31/2017 224.66 263.21 166.05 236.56
1/31/2018 239.13 277.37 180.10 255.83
2/28/2018 234.02 266.62 168.50 242.72
3/31/2018 237.16 271.56 162.64 234.01
4/30/2018 235.30 271.92 165.66 235.29
5/31/2018 261.51 295.34 167.33 243.37
6/30/2018 261.86 298.43 167.20 245.48
7/31/2018 267.15 305.28 175.54 258.34
8/31/2018 298.42 330.52 178.95 270.01
9/30/2018 294.64 320.44 180.51 272.12
10/31/2018 247.62 267.24 159.91 246.68

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.

$ per share as of 11/17/2018

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

(36.3% of assets as of 10/31/2018)


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 94.6% 100.0% -5.3%
Canada 0.8% 0.0% 0.8%
Developed Markets Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Americas 95.4% 100.0% -4.6%
Equity Sector Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Health Care 26.3% 26.4% -0.1%
Information Technology 20.6% 17.2% 3.4%
Consumer Discretionary 19.3% 15.0% 4.3%
Industrials 14.8% 18.0% -3.2%
Financials 7.3% 7.5% -0.2%
Materials 3.2% 3.8% -0.5%
Energy 2.0% 2.2% -0.2%
Consumer Staples 1.3% 3.1% -1.8%
Communication Services 0.5% 3.6% -3.1%
Industry Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Software 14.5% 8.9% 5.7%
Health Care Equipment & Supplies 13.5% 6.6% 6.9%
Hotels Restaurants & Leisure 6.7% 4.6% 2.1%
Biotechnology 4.8% 11.1% -6.4%
Aerospace & Defense 4.6% 1.2% 3.4%
Life Sciences Tools & Services 3.6% 0.6% 2.9%
Machinery 3.5% 4.7% -1.2%
Specialty Retail 3.3% 3.1% 0.3%
Diversified Consumer Services 2.4% 1.1% 1.3%
Health Care Providers & Services 2.4% 2.9% -0.5%
Chemicals 2.4% 2.4% 0.0%
Multiline Retail 2.3% 0.5% 1.8%
Insurance 2.1% 1.6% 0.5%
Oil Gas & Consumable Fuels 2.0% 1.6% 0.5%
Banks 1.9% 2.7% -0.9%
Consumer Finance 1.9% 0.8% 1.1%
Building Products 1.8% 2.0% -0.2%
Internet Software & Services 1.8% 0.5% 1.3%
Semiconductors & Semiconductor Equipment 1.8% 3.2% -1.4%
Professional Services 1.8% 2.0% -0.1%
Asset Allocation Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Equity 95.4% 100.0% -4.6%
Market Cap Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Mid 59.3% 18.2% 41.0%
Small 36.1% 81.8% -45.6%
Analytics
(As of 10/31/2018)

Morningstar 10/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
591
Category
Small Growth
Analyst Rating (as of 7/19/18)
Silver
Performance Statistics
3Y
5Y
Alpha
1.89
-0.06
Beta
0.87
0.92
Information Ratio
0.14
-0.15
R-Squared
88.08
88.15
Sharpe Ratio
0.77
0.55
Standard Deviation
14.27
15.10
Upside Capture
88.44
92.33
Downside Capture
76.44
93.17
Sortino Ratio
1.11
0.78
Win Ratio
50.00
50.00
Loss Ratio
50.00
50.00
Tracking Error
5.34
5.34
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$4.31 B
$2.37 B
Median Market Cap (weighted)
$4.29 B
$2.19 B
P/E Ratio (LTM)
49.54
34.31
P/E Ratio (NTM)
32.32
23.20
Price/Book
5.72
4.09
Return on Equity
2.71%
8.94%
EPS Growth Rate 5Y
27.66%
-
Sales Growth Rate 5Y
17.40%
-
Turnover Ratio
107%
-
Active Share
84.38%
-
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
12/5/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$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. 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.
  8. 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.
  9. 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 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.
  10. 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.
  11. E. There is no guarantee of the payment of any dividend or other distributions at any level.
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