DVOPX

Dividend Opportunity Fund
  • A
  • 1

Overview

The Strategy typically invests in dividend-paying value stocks.

Inception Date
May 28, 2019
Investment Style
Dividend Value
Fund Index
Russell 3000® Value Index
CUSIP
00141B618
NAV
(as of 08/20/2019)
$23.29
Total Assets
(as of 07/31/2019)
$254.48 MM
Gross Expense Ratio
(as of 07/31/2019)
0.83%
Net Expense Ratio
(as of 07/31/2019)
0.76%
Performance
Average Annual Total Returns
Dividends
Capital Gains Distributions
as of 07/31/2019
  • B
as of 06/30/2019
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
3 mo ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr
Dividend Opportunity Fund (NAV)
4.17% 14.96% 5.97% 8.91% 6.23% 9.85%
Russell 3000® Value Index
3.68% 16.05% 7.34% 10.19% 7.31% 13.14%
Cumulative
Annualized
3 mo ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr
Dividend Opportunity Fund (with sales charge)
4.17% 14.96% 5.97% 8.91% 6.23% 9.85%
Russell 3000® Value Index
3.68% 16.05% 7.34% 10.19% 7.31% 13.14%
Cumulative
Annualized
ytd as of 2019-07-31
1 yr since inception 3 yr 5 yr 10 yr
Dividend Opportunity Fund (NAV)
14.96% 5.97% 4.49% 8.91% 6.23% 9.85%
Russell 3000® Value Index
16.96% 4.23% - 9.36% 7.93% 12.31%
Cumulative
Annualized
ytd as of 2019-07-31
1 yr since inception 3 yr 5 yr 10 yr
Dividend Opportunity Fund (with sales charge)
14.96% 5.97% 4.49% 8.91% 6.23% 9.85%
Russell 3000® Value Index
16.96% 4.23% - 9.36% 7.93% 12.31%
Gross Expense Ratio: 0.83% | Net Expense Ratio: 0.76%

Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12-b1 fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.


Year Dividend Opportunity Fund

Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12-b1 fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.


Date Dividends
6/20/2019 0.1639

Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12-b1 fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.

$ per share as of 08/20/2019

Date 2014 2015 2016 2017 2018
Short Term 0.0364
Long Term 0.3644
Total Amount of Distribution 0.4009
Record Date 12/7/18
Ex Div Date 12/10/18
Pay Date 12/10/18
Portfolio

Top Issuers

(43.2% of assets as of 07/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 4
Country Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
United States 67.4% 100.0% -32.6%
United Kingdom 10.0% - -
Japan 4.6% - -
Canada 2.2% 0.0% 2.1%
Switzerland 1.9% - -
Germany 1.9% - -
Netherlands 1.5% - -
Australia 1.2% - -
Spain 0.8% - -
France 0.5% - -
Taiwan 0.5% - -
Developed Markets Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Americas 69.6% 100.0% -30.4%
Europe 16.6% - -
Asia Pacific 5.8% - -
Emerging Markets Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Asia Pacific 0.5% 0.0% 0.5%
Equity Sector Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Consumer Staples 12.7% 8.5% 4.3%
Health Care 11.9% 12.1% -0.1%
Financials 10.9% 24.3% -13.4%
Energy 9.9% 8.8% 1.1%
Information Technology 9.7% 6.3% 3.4%
Industrials 8.3% 9.8% -1.5%
Communication Services 7.0% 7.7% -0.7%
Utilities 6.9% 6.4% 0.5%
Consumer Discretionary 6.6% 6.2% 0.4%
Materials 4.9% 4.4% 0.6%
Real Estate 3.5% 5.5% -2.0%
Industry Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Oil Gas & Consumable Fuels 9.9% 7.9% 2.0%
Pharmaceuticals 8.5% 4.6% 3.9%
Banks 6.9% 11.5% -4.5%
Diversified Telecommunication Services 6.2% 3.5% 2.7%
Beverages 5.2% 1.0% 4.2%
Electric Utilities 4.9% 3.7% 1.2%
Equity Real Estate Investment Trusts (REITs) 3.5% 5.3% -1.9%
Communications Equipment 3.0% 0.3% 2.7%
Tobacco 2.9% 1.2% 1.7%
Insurance 2.8% 4.5% -1.8%
Automobiles 2.7% 0.7% 2.1%
Software 2.5% 0.3% 2.2%
Household Products 2.4% 2.7% -0.3%
Chemicals 2.4% 3.0% -0.5%
Aerospace & Defense 2.3% 1.7% 0.6%
Health Care Equipment & Supplies 2.0% 3.3% -1.3%
Multi-Utilities 2.0% 1.9% 0.1%
Metals & Mining 2.0% 0.7% 1.3%
Multiline Retail 2.0% 0.5% 1.5%
Trading Companies & Distributors 1.9% 0.3% 1.6%
Asset Allocation Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Equity 92.4% 100.0% -7.6%
Market Cap Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Large 80.1% 71.5% 8.6%
Mid 9.6% 21.2% -11.7%
Small 2.8% 7.3% -4.5%
Analytics
(As of 07/31/2019)

Yields
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
2.75%
Standardized Yield
2.77%
Unsubsidized Yield
2.76%
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$130.96 B
$111.55 B
Median Market Cap (weighted)
$80.61 B
$49.58 B
P/E Ratio (LTM)
14.66
16.24
P/E Ratio (NTM)
12.88
14.39
Price/Book
2.06
2.00
Return on Equity
15.14%
13.65%
Turnover Ratio
51%
-
Active Share
79.28%
-
Dividends
Est. Frequency
Quarterly
Last Pay Date
6/20/2019
Per Share ($)
$0.1639
12-Month Distribution ($)
$0.1639
Team
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. 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.
  2. 2. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
  3. 3. 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.
  4. 4. 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.
  5. 5. 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.
  6. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  7. B. Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12-b1 fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.
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