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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 08/17/2018)
$104.13
Total Assets
(as of 07/31/2018)
$2.49 BN
Gross Expense Ratio
(as of 07/31/2018)
0.68%
Net Expense Ratio
(as of 07/31/2018)
0.68%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 07/31/2018
  • C
as of 06/30/2018
  • C

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2018-06-30
  • D
1 yr 3 yr 5 yr since inception
Discovery Fund (NAV)
7.64% 12.11% 26.88% 11.82% 13.99% 15.19%
Russell 2000® Growth Index
7.23% 9.70% 21.86% 10.60% 13.65% 4.33%
Cumulative
Annualized
3 mo ytd as of 2018-07-31
  • D
1 yr 3 yr 5 yr since inception
Discovery Fund (NAV)
9.82% 13.86% 27.15% 11.19% 12.57% 15.25%
Russell 2000® Growth Index
8.97% 11.58% 22.91% 11.08% 12.38% 4.38%
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
7/31/2013 0.00 0.00 0.00 0.00
8/31/2013 1.48 -1.95 -2.13 -2.90
9/30/2013 7.72 4.87 2.77 0.15
10/31/2013 10.32 6.78 6.79 4.75
11/30/2013 13.08 11.17 8.69 7.94
12/31/2013 16.27 13.44 10.99 10.68
1/31/2014 14.46 11.48 6.88 6.85
2/28/2014 20.41 16.87 12.23 11.74
3/31/2014 13.61 13.99 12.39 12.68
4/30/2014 3.70 8.14 13.54 13.51
5/31/2014 3.39 9.18 15.77 16.18
6/30/2014 11.10 15.96 17.85 18.58
7/31/2014 4.30 8.93 15.96 16.94
8/31/2014 9.28 15.01 18.52 21.62
9/30/2014 5.83 8.85 15.30 19.91
10/31/2014 11.34 15.60 16.05 22.84
11/30/2014 12.46 16.35 18.37 26.15
12/31/2014 14.23 19.80 16.47 25.83
1/31/2015 12.23 17.06 14.36 22.05
2/28/2015 20.69 25.49 21.06 29.06
3/31/2015 22.82 27.74 19.16 27.02
4/30/2015 18.49 23.98 21.96 28.24
5/31/2015 24.33 28.54 22.38 29.89
6/30/2015 27.30 30.26 19.53 27.38
7/31/2015 31.50 30.80 21.68 30.05
8/31/2015 20.73 20.88 13.62 22.20
9/30/2015 15.23 13.25 9.43 19.18
10/31/2015 19.66 19.67 18.10 29.23
11/30/2015 21.58 24.06 17.52 29.61
12/31/2015 16.98 18.14 15.45 27.57
1/31/2016 5.87 5.34 8.54 21.24
2/29/2016 3.77 4.60 7.74 21.07
3/31/2016 10.32 12.61 15.05 29.29
4/30/2016 12.15 13.73 16.87 29.79
5/31/2016 15.24 16.80 17.52 32.12
6/30/2016 17.93 16.26 16.21 32.46
7/31/2016 22.91 23.86 21.12 37.35
8/31/2016 23.40 25.18 21.22 37.54
9/30/2016 23.43 26.98 21.86 37.57
10/31/2016 17.15 19.09 19.50 35.06
11/30/2016 24.30 29.74 21.22 40.06
12/31/2016 22.46 31.51 24.12 42.83
1/31/2017 27.76 33.65 27.12 45.53
2/28/2017 30.64 36.93 30.64 51.31
3/31/2017 33.29 38.55 32.04 51.49
4/30/2017 36.60 41.10 33.99 53.05
5/31/2017 38.65 39.82 36.83 55.20
6/30/2017 40.28 44.63 37.35 56.17
7/31/2017 42.16 45.86 40.64 59.38
8/31/2017 41.94 45.69 40.84 59.87
9/30/2017 48.25 53.62 44.00 63.17
10/31/2017 53.84 56.00 46.72 66.97
11/30/2017 58.67 60.48 49.90 72.09
12/31/2017 58.77 60.67 51.93 74.01
1/31/2018 66.01 66.93 59.95 83.97
2/28/2018 63.66 62.18 53.32 77.19
3/31/2018 65.36 64.36 49.98 72.69
4/30/2018 64.61 64.52 51.70 73.35
5/31/2018 77.63 74.88 52.65 77.52
6/30/2018 77.99 76.25 52.58 78.62
7/31/2018 80.77 79.28 57.35 85.26

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 08/18/2018

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

(33.9% of assets as of 07/31/2018)


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 95.5% 99.9% -4.4%
Canada 0.5% 0.1% 0.5%
Developed Markets Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Americas 96.1% 100.0% -3.9%
Equity Sector Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Health Care 24.5% 26.5% -1.9%
Information Technology 22.9% 18.8% 4.0%
Consumer Discretionary 18.3% 15.2% 3.2%
Industrials 16.0% 18.7% -2.7%
Financials 9.3% 7.5% 1.8%
Materials 3.1% 4.4% -1.3%
Energy 1.9% 2.5% -0.6%
Industry Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Health Care Equipment & Supplies 12.8% 6.2% 6.6%
Software 8.6% 4.3% 4.3%
Internet Software & Services 7.4% 6.6% 0.8%
Hotels Restaurants & Leisure 6.5% 4.8% 1.6%
Biotechnology 4.7% 12.0% -7.3%
Aerospace & Defense 4.3% 1.0% 3.3%
Semiconductors & Semiconductor Equipment 4.2% 3.3% 1.0%
Banks 3.6% 2.8% 0.8%
Diversified Consumer Services 2.8% 1.1% 1.7%
Health Care Providers & Services 2.8% 2.7% 0.1%
Machinery 2.7% 4.7% -2.0%
Life Sciences Tools & Services 2.6% 0.5% 2.0%
Capital Markets 2.6% 1.4% 1.2%
Building Products 2.5% 2.4% 0.1%
Trading Companies & Distributors 2.1% 1.5% 0.6%
Distributors 2.0% 0.0% 1.9%
Multiline Retail 2.0% 0.3% 1.7%
Construction & Engineering 2.0% 1.4% 0.6%
Oil Gas & Consumable Fuels 1.9% 1.8% 0.0%
Electronic Equipment Instruments & Components 1.8% 1.6% 0.2%
Asset Allocation Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Equity 96.1% 100.0% -3.9%
Market Cap Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Mid 71.9% 28.5% 43.4%
Small 24.1% 71.5% -47.3%
Analytics
(As of 07/31/2018)

Morningstar 07/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
606
Category
Small Growth
Analyst Rating (as of 7/19/18)
Silver
Performance Statistics
3Y
5Y
Alpha
1.73
1.39
Beta
0.83
0.90
Information Ratio
0.02
0.03
R-Squared
86.83
85.51
Sharpe Ratio
0.83
0.90
Standard Deviation
12.99
13.73
Upside Capture
86.41
93.74
Downside Capture
76.26
87.79
Sortino Ratio
0.35
0.40
Win Ratio
47.00
50.00
Loss Ratio
53.00
50.00
Tracking Error
5.31
5.43
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)
$4.59 B
$2.50 B
Median Market Cap (weighted)
$4.57 B
$2.31 B
P/E Ratio (LTM)
48.81
40.12
P/E Ratio (NTM)
30.92
24.86
Price/Book
5.85
4.63
Return on Equity
7.68%
9.31%
Turnover Ratio
107%
-
Active Share
85.46%
-
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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