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OEGNX

Discovery Mid Cap Growth Fund

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Overview

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

Inception Date
March 1, 2001
Investment Style
Mid Cap Growth
Fund Index
Russell Midcap® Growth Index
CUSIP
68379Y402
NAV
  • A
(as of 04/24/2018)
$19.07
Total Assets
(as of 03/31/2018)
$1.10 BN
Gross Expense Ratio
(as of 03/29/2018)
1.37%
Net Expense Ratio
(as of 03/29/2018)
1.37%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 03/31/2018
  • H
as of 03/31/2018
  • H

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • H
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (NAV)
2.25% 20.49% 9.16% 12.82% 9.91% 8.09%
Russell Midcap® Growth Index
2.17% 19.74% 9.17% 13.39% 11.18% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (with sales charge)
2.25% 20.49% 9.16% 12.82% 9.91% 8.09%
Russell Midcap® Growth Index
2.17% 19.74% 9.17% 13.39% 11.18% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (NAV)
2.25% 20.49% 9.16% 12.82% 9.91% 8.09%
Russell Midcap® Growth Index
2.17% 19.74% 9.17% 13.39% 11.18% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (with sales charge)
2.25% 20.49% 9.16% 12.82% 9.91% 8.09%
Russell Midcap® Growth Index
2.17% 19.74% 9.17% 13.39% 11.18% -
Gross Expense Ratio: 1.37% | Net Expense Ratio: 1.37%

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 are subject to a 0.25% annual asset-backed sales charge. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). Returns do not consider capital gains or income taxes on an individual's investment.


Year Discovery Mid Cap Growth Fund Russell Midcap® Growth Index
2002 -37.10% -29.09%
2003 63.40% 46.31%
2004 5.00% 14.59%
2005 4.29% 8.17%
2006 6.49% 12.26%
2007 23.07% 9.69%
2008 -38.99% -41.50%
2009 23.83% 41.66%
2010 26.03% 28.86%
2011 0.09% -1.57%
2012 15.17% 16.13%
2013 34.57% 37.06%
2014 5.15% 11.90%
2015 5.83% -0.20%
2016 1.62% 7.33%
2017 27.64% 25.27%

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 are subject to a 0.25% annual asset-backed sales charge. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). Returns do not consider capital gains or income taxes on an individual's investment.


Date Discovery Mid Cap Growth Fund Russell Midcap® Growth Index (Linked Index) MSCI World S&P 500
3/31/2008 0.00 0.00 0.00 0.00
4/30/2008 6.97 6.03 5.26 4.87
5/31/2008 13.26 11.61 6.86 6.23
6/30/2008 10.75 3.62 -1.66 -2.73
7/31/2008 10.84 3.25 -4.06 -3.54
8/31/2008 10.84 4.99 -5.41 -2.15
9/30/2008 -3.19 -8.91 -16.66 -10.87
10/31/2008 -21.49 -29.42 -32.46 -25.84
11/30/2008 -30.49 -37.38 -36.83 -31.16
12/31/2008 -27.88 -34.21 -34.81 -30.43
1/31/2009 -31.27 -38.17 -40.52 -36.29
2/28/2009 -37.56 -43.52 -46.61 -43.07
3/31/2009 -33.69 -38.14 -42.58 -38.09
4/30/2009 -29.43 -28.94 -36.14 -32.16
5/31/2009 -27.49 -26.38 -30.35 -28.37
6/30/2009 -25.56 -24.66 -30.67 -28.23
7/31/2009 -21.59 -18.80 -24.80 -22.80
8/31/2009 -20.52 -17.15 -21.69 -20.01
9/30/2009 -16.07 -11.72 -18.57 -17.03
10/31/2009 -19.55 -16.57 -20.02 -18.57
11/30/2009 -16.26 -13.48 -16.75 -13.68
12/31/2009 -10.46 -6.80 -15.26 -12.01
1/31/2010 -15.68 -10.64 -18.76 -15.18
2/28/2010 -11.13 -6.09 -17.62 -12.55
3/31/2010 -5.52 1.41 -12.51 -7.28
4/30/2010 -2.61 4.96 -12.50 -5.81
5/31/2010 -9.39 -2.17 -20.88 -13.33
6/30/2010 -14.91 -8.50 -23.60 -17.87
7/31/2010 -9.58 -2.39 -17.40 -12.12
8/31/2010 -12.58 -8.58 -20.48 -16.08
9/30/2010 -2.13 3.53 -13.07 -8.59
10/31/2010 2.32 7.42 -9.83 -5.12
11/30/2010 7.94 11.75 -11.78 -5.10
12/31/2010 13.17 20.09 -5.29 1.24
1/31/2011 15.30 21.45 -3.15 3.64
2/28/2011 22.36 28.11 0.24 7.19
3/31/2011 27.30 31.91 -0.75 7.23
4/30/2011 30.98 36.51 3.47 10.41
5/31/2011 28.46 34.83 1.32 9.16
6/30/2011 29.33 32.41 -0.28 7.34
7/31/2011 25.46 27.27 -2.09 5.16
8/31/2011 15.30 16.85 -8.99 -0.56
9/30/2011 5.23 4.14 -16.85 -7.55
10/31/2011 17.43 20.22 -8.25 2.56
11/30/2011 17.04 19.65 -10.49 2.33
12/31/2011 13.55 18.21 -10.54 3.38
1/31/2012 20.43 27.32 -6.05 8.01
2/29/2012 27.98 33.17 -1.46 12.68
3/31/2012 31.85 35.47 -0.19 16.39
4/30/2012 33.98 34.31 -1.33 15.66
5/31/2012 25.27 24.19 -9.84 8.71
6/30/2012 28.56 28.19 -5.25 13.19
7/31/2012 26.91 26.91 -4.03 14.76
8/31/2012 31.85 31.81 -1.60 17.34
9/30/2012 34.27 34.88 1.11 20.37
10/31/2012 29.33 32.34 0.42 18.15
11/30/2012 30.49 34.66 1.71 18.84
12/31/2012 31.17 37.27 3.62 19.92
1/31/2013 38.43 46.70 8.90 26.13
2/28/2013 38.72 47.61 9.08 27.84
3/31/2013 42.69 54.02 11.63 32.64
4/30/2013 42.69 54.56 15.15 35.19
5/31/2013 45.60 60.91 15.19 38.36
6/30/2013 44.82 58.99 12.35 36.50
7/31/2013 54.60 68.88 18.27 43.44
8/31/2013 55.47 65.66 15.75 39.29
9/30/2013 65.05 73.84 21.54 43.66
10/31/2013 70.86 78.40 26.30 50.26
11/30/2013 72.41 82.34 28.54 54.84
12/31/2013 77.11 88.15 31.26 58.76
1/31/2014 76.60 84.06 26.40 53.27
2/28/2014 89.07 95.62 32.73 60.28
3/31/2014 78.02 91.99 32.92 61.63
4/30/2014 65.86 89.17 34.28 62.82
5/31/2014 69.30 94.31 36.93 66.65
6/30/2014 78.12 100.39 39.37 70.09
7/31/2014 72.65 94.40 37.15 67.74
8/31/2014 81.98 104.87 40.17 74.45
9/30/2014 77.62 98.93 36.37 72.01
10/31/2014 82.08 104.42 37.25 76.21
11/30/2014 86.94 111.14 40.00 80.95
12/31/2014 86.68 110.54 37.74 80.49
1/31/2015 85.33 106.99 35.25 75.07
2/28/2015 99.05 121.24 43.17 85.14
3/31/2015 101.63 121.86 40.93 82.21
4/30/2015 97.92 120.31 44.24 83.96
5/31/2015 103.88 122.92 44.73 86.32
6/30/2015 104.44 119.33 41.37 82.71
7/31/2015 109.50 122.89 43.90 86.54
8/31/2015 98.03 109.92 34.38 75.29
9/30/2015 90.50 101.81 29.43 70.95
10/31/2015 99.50 114.51 39.68 85.37
11/30/2015 100.96 114.98 38.99 85.92
12/31/2015 98.05 110.12 36.54 82.99
1/31/2016 84.10 94.21 28.37 73.91
2/29/2016 80.46 97.26 27.42 73.67
3/31/2016 91.25 111.34 36.07 85.46
4/30/2016 92.78 111.21 38.22 86.18
5/31/2016 99.11 114.67 39.00 89.52
6/30/2016 100.99 114.64 37.44 90.01
7/31/2016 109.43 125.27 43.24 97.02
8/31/2016 108.96 124.61 43.36 97.29
9/30/2016 107.79 124.50 44.13 97.33
10/31/2016 99.11 115.38 41.34 93.73
11/30/2016 104.50 124.74 43.37 100.90
12/31/2016 101.80 125.52 46.80 104.88
1/31/2017 111.14 133.04 50.34 108.76
2/28/2017 117.53 139.74 54.51 117.05
3/31/2017 118.71 141.07 56.16 117.30
4/30/2017 122.85 144.64 58.47 119.54
5/31/2017 131.73 150.49 61.82 122.63
6/30/2017 130.31 151.23 62.45 124.01
7/31/2017 134.09 155.43 66.33 128.62
8/31/2017 137.64 157.23 66.57 129.32
9/30/2017 142.13 164.50 70.31 134.05
10/31/2017 153.73 171.90 73.52 139.51
11/30/2017 159.29 180.99 77.28 146.86
12/31/2017 158.27 182.50 79.68 149.60
1/31/2018 174.33 198.49 89.17 163.89
2/28/2018 164.48 189.12 81.33 154.17
3/29/2018 164.22

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 are subject to a 0.25% annual asset-backed sales charge. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 04/24/2018

Date 2013 2014 2015 2016 2017
Short Term 0.1317
Long Term 0.7847 1.7708 0.7206 0.1518 1.7268
Total Amount of Distribution 0.7847 1.7708 0.7206 0.1518 1.8585
Record Date 12/10/13 12/9/14 12/2/15 12/5/16 12/4/17
Ex Div Date 12/11/13 12/10/14 12/3/15 12/6/16 12/5/17
Pay Date 12/12/13 12/10/14 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

(32.0% of assets as of 03/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
United States 95.8% 99.5% -3.6%
Canada 1.6% - -
Developed Markets Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Americas 97.4% 99.5% -2.0%
Equity Sector Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Information Technology 26.8% 29.2% -2.4%
Industrials 22.0% 17.6% 4.4%
Health Care 14.3% 13.3% 1.0%
Consumer Discretionary 13.7% 16.7% -3.0%
Financials 10.3% 7.5% 2.8%
Materials 5.2% 5.8% -0.6%
Energy 2.1% 2.3% -0.3%
Consumer Staples 2.0% 4.2% -2.2%
Real Estate 1.1% 3.1% -2.1%
Industry Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Software 10.3% 7.9% 2.4%
Health Care Equipment & Supplies 6.7% 4.3% 2.3%
IT Services 6.3% 8.8% -2.5%
Capital Markets 5.5% 4.5% 0.9%
Semiconductors & Semiconductor Equipment 4.7% 6.3% -1.7%
Hotels Restaurants & Leisure 4.3% 3.7% 0.5%
Commercial Services & Supplies 4.1% 1.2% 2.9%
Machinery 3.9% 4.5% -0.6%
Life Sciences Tools & Services 3.7% 3.0% 0.7%
Electronic Equipment Instruments & Components 3.2% 2.7% 0.5%
Banks 2.9% 1.1% 1.8%
Professional Services 2.6% 2.3% 0.3%
Internet Software & Services 2.4% 1.3% 1.0%
Containers & Packaging 2.4% 2.3% 0.1%
Building Products 2.1% 1.4% 0.8%
Textiles Apparel & Luxury Goods 2.1% 1.5% 0.6%
Oil Gas & Consumable Fuels 2.1% 2.3% -0.3%
Air Freight & Logistics 2.0% 0.9% 1.1%
Aerospace & Defense 2.0% 2.1% -0.1%
Insurance 1.9% 1.7% 0.2%
Asset Allocation Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Equity 97.4% 100.0% -2.6%
Net Cash and Equivalents 2.6% - -
Market Cap Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Mid 67.1% 56.4% 10.7%
Large 30.3% 42.3% -11.9%
Analytics
(As of 03/31/2018)

Morningstar 03/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
549
Category
Mid-Cap Growth
Analyst Rating (as of 10/18/17)
Bronze
Performance Statistics
3Y
5Y
Alpha
0.66
-0.10
Beta
0.92
0.98
Information Ratio
0.00
-0.11
R-Squared
86.22
82.35
Sharpe Ratio
0.81
1.06
Standard Deviation
10.94
11.79
Sortino Ratio
0.37
0.52
Win Ratio
56.00
55.00
Loss Ratio
44.00
45.00
Tracking Error
4.14
4.96
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)
$15.70 B
$16.20 B
Median Market Cap (weighted)
$12.90 B
$14.20 B
P/E Ratio (LTM)
31.26
27.73
P/E Ratio (NTM)
22.09
19.84
Price/Book
5.04
5.82
Return on Equity
19.98%
18.86%
EPS Growth Rate 3Y
35.17%
18.98%
EPS Growth Rate 5Y
35.17%
-
Sales Growth Rate 3Y
13.64%
11.83%
Sales Growth Rate 5Y
13.64%
-
Turnover Ratio
139.00%
-
Active Share
70.58%
-
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:  Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. Investments in securities of growth companies may be volatile. Mid-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 mid-sized company, if any gain is realized at all. 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. Access index definitions.
  4. 4. 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.
  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 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.
  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. 8. 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),
  9. A. 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. B. 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. 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.
  12. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  13. E. Class B shares convert to Class A shares 72 months after purchase; therefore "since inception", "10-year" and "15-year" returns for Class B (if applicable) use Class A performance for period after conversion.
  14. 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 contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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.
  15. 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.
  16. H. 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 are subject to a 0.25% annual asset-backed sales charge. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). Returns do not consider capital gains or income taxes on an individual's investment.
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