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OSVIX

Dividend Opportunity Fund

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Overview

The Strategy typically invests in dividend-paying value stocks.

Inception Date
August 28, 2014
Investment Style
Dividend Value
Fund Index
Russell 3000® Value Index
CUSIP
68382H602
NAV
  • A
(as of 01/17/2018)
$24.92
Total Assets
(as of 12/31/2017)
$274.00 MM
Gross Expense Ratio
(as of 12/31/2017)
0.71%
Net Expense Ratio
(as of 12/31/2017)
0.70%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 12/31/2017
  • B
as of 12/31/2017
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
1 mo 3 mo ytd as of 2017-12-31
  • C
1 yr 3 yr since inception
Dividend Opportunity Fund (NAV)
2.01% 5.88% 14.92% 14.92% 9.75% 8.19%
Russell 3000® Value Index
1.28% 5.08% 13.19% 13.19% 8.71% -
Cumulative
Annualized
1 mo 3 mo ytd as of 2017-12-31
  • C
1 yr 3 yr since inception
Dividend Opportunity Fund (NAV)
2.01% 5.88% 14.92% 14.92% 9.75% 8.19%
Russell 3000® Value Index
1.28% 5.08% 13.19% 13.19% 8.71% -
Gross Expense Ratio: 0.71% | Net Expense Ratio: 0.70%

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 Dividend Opportunity Fund Russell 3000® Value Index
2015 0.79% -4.13%
2016 14.12% 18.40%
2017 14.92% 13.19%

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 Dividend Opportunity Fund Russell 3000® Value Index MSCI World S&P 500
12/31/2014 0.00 0.00 0.00 0.00
1/31/2015 -1.30 -4.01 -1.81 -3.00
2/28/2015 3.30 0.62 3.94 2.57
3/31/2015 2.35 -0.51 2.31 0.95
4/30/2015 4.67 0.17 4.71 1.92
5/31/2015 5.63 1.35 5.07 3.23
6/30/2015 2.77 -0.51 2.63 1.23
7/31/2015 4.65 -0.34 4.47 3.35
8/31/2015 -0.79 -6.19 -2.44 -2.88
9/30/2015 -3.46 -9.05 -6.04 -5.29
10/31/2015 3.30 -2.33 1.41 2.70
11/30/2015 3.04 -1.77 0.90 3.01
12/31/2015 0.79 -4.13 -0.87 1.38
1/31/2016 -3.13 -9.20 -6.80 -3.65
2/29/2016 -3.80 -9.17 -7.50 -3.78
3/31/2016 2.80 -2.55 -1.22 2.75
4/30/2016 4.88 -0.51 0.35 3.15
5/31/2016 5.45 1.06 0.91 5.00
6/30/2016 6.53 1.90 -0.22 5.27
7/31/2016 10.03 5.04 3.99 9.15
8/31/2016 10.19 5.98 4.08 9.31
9/30/2016 10.59 5.84 4.63 9.33
10/31/2016 8.96 4.06 2.61 7.33
11/30/2016 13.39 10.60 4.08 11.31
12/31/2016 15.03 13.51 6.57 13.51
1/31/2017 15.93 14.19 9.15 15.66
2/28/2017 19.41 18.09 12.17 20.25
3/31/2017 19.19 16.90 13.37 20.39
4/30/2017 19.46 16.74 15.05 21.63
5/31/2017 19.89 16.35 17.48 23.34
6/30/2017 21.36 18.41 17.93 24.11
7/31/2017 22.82 19.92 20.76 26.66
8/31/2017 21.47 18.41 20.93 27.05
9/30/2017 24.85 22.28 23.64 29.67
10/31/2017 27.19 23.11 25.98 32.70
11/30/2017 29.59 26.86 28.71 36.77
12/31/2017 32.19 28.48 0.00 0.00
Date Dividends
3/17/2015 0.1479
6/16/2015 0.1548
9/22/2015 0.1545
12/1/2015 0.1457
3/22/2016 0.1483
6/21/2016 0.1568
9/20/2016 0.1641
12/1/2016 0.2457
3/21/2017 0.1588
6/20/2017 0.1626
9/19/2017 0.1619
12/1/2017 0.1627

There is no guarantee of the payment of any dividend or other distributions at any level.

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 01/16/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Issuers

(46.4% of assets as of 12/31/2017)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
United States 68.9% 99.8% -30.9%
United Kingdom 11.4% 0.1% 11.3%
Japan 4.1% - -
Canada 3.7% 0.0% 3.7%
Spain 1.8% - -
Portugal 1.8% - -
Italy 1.3% - -
Switzerland 1.3% - -
Netherlands 1.0% 0.1% 0.8%
Australia 0.8% - -
New Zealand 0.6% - -
Germany 0.6% - -
Denmark 0.6% - -
Developed Markets Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Americas 72.5% 99.8% -27.3%
Europe 19.8% 0.2% 19.6%
Asia Pacific 5.5% - -
Equity Sector Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Financials 21.4% 26.9% -5.6%
Energy 15.2% 10.7% 4.5%
Industrials 11.5% 8.5% 2.9%
Information Technology 11.4% 8.6% 2.8%
Consumer Staples 8.8% 8.2% 0.7%
Consumer Discretionary 7.8% 7.1% 0.7%
Health Care 5.9% 12.9% -7.0%
Utilities 5.1% 6.0% -0.9%
Telecommunication Services 4.9% 2.8% 2.0%
Real Estate 3.9% 5.2% -1.3%
Materials 2.0% 3.1% -1.1%
Industry Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Oil Gas & Consumable Fuels 15.2% 9.4% 5.9%
Banks 15.1% 13.2% 1.9%
Pharmaceuticals 5.1% 6.1% -1.0%
Diversified Telecommunication Services 4.4% 2.7% 1.7%
Electric Utilities 4.1% 3.4% 0.7%
Equity Real Estate Investment Trusts (REITs) 3.9% 5.0% -1.1%
Semiconductors & Semiconductor Equipment 3.7% 2.8% 0.9%
Machinery 3.3% 1.6% 1.8%
Capital Markets 3.3% 3.9% -0.6%
Hotels Restaurants & Leisure 3.2% 0.8% 2.4%
Beverages 2.9% 0.6% 2.3%
Aerospace & Defense 2.8% 1.9% 1.0%
Software 2.8% 1.3% 1.5%
Tobacco 2.4% 1.1% 1.3%
Food & Staples Retailing 2.3% 2.2% 0.1%
Insurance 2.3% 4.6% -2.3%
Trading Companies & Distributors 2.1% 0.2% 2.0%
Communications Equipment 2.0% 1.9% 0.1%
Electronic Equipment Instruments & Components 1.4% 0.7% 0.8%
Technology Hardware Storage & Peripherals 1.4% 0.7% 0.8%
Asset Allocation Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Equity 97.8% 100.0% -2.2%
Market Cap Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Large 78.0% 68.8% 9.1%
Mid 12.8% 21.2% -8.5%
Small 7.0% 9.9% -2.9%
Analytics
(As of 12/31/2017)

Morningstar 12/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
1090
Category
Large Value
Performance Statistics
3Y
Alpha
2.32
Beta
0.82
Information Ratio
0.32
R-Squared
91.10
Sharpe Ratio
1.03
Standard Deviation
9.03
Upside Capture
91.00
Downside Capture
73.61
Sortino Ratio
0.56
Win Ratio
53.00
Loss Ratio
47.00
Tracking Error
3.27
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
12/1/2017
Per Share ($)
$0.1627
12-Month Distribution ($)
$0.6460
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$127.40 B
$117.20 B
Median Market Cap (weighted)
$73.50 B
$56.40 B
P/E Ratio (LTM)
18.36
20.45
P/E Ratio (NTM)
16.11
16.85
Price/Book
2.20
2.07
Return on Equity
11.54%
10.02%
Turnover Ratio
64.00%
-
Yields
Dividend Yield (w/o sales charge)
2.76%
Standardized Yield
2.41%
Distribution Sources
  • D
Net Income
83.20%
Net Profit from Sale
0.00%
Other Capital Sources
16.80%
Documents
  1. 1. Effective on 12/11/13, the Fund mainly invests in dividend paying stocks that the portfolio manager believes are undervalued. Performance prior to 12/11/13 is not indicative of performance for any subsequent periods.
  2. 2. Special Risks:  There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Value investing involves the risk that undervalued securities may not appreciate as anticipated. 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. 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.
  3. 3. 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.
  4. 4. 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.
  5. 5. Access index definitions.
  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 dividend (or distribution) yield is based on the pay date immediately preceding the nearest month-end or quarter-end. The dividend yield for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date. For the Class A dividend yield with sales charge, the annualized Class A dividend distribution is divided by the Class A maximum offering price on that date. Each result is compounded semiannually and annualized. Falling share prices artificially increase yields.
  8. 8. Standardized yield for each share class is based on an SEC standardized formula designed to approximate a Fund's annualized hypothetical current income from securities less expenses for the 30-day period ending and including the most recent month-end or quarter-end and either that date's maximum offering price (Class A shares) or net asset value (for other share classes). The month-end figure is typically calculated on the fifth business day of the next month. The result is compounded semiannually and annualized. Falling share prices artificially increase yields.
  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 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. 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.
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