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OSVBX

Dividend Opportunity Fund

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Overview

The Strategy typically invests in dividend-paying value stocks.

Inception Date
February 27, 2004
Investment Style
Dividend Value
Fund Index
Russell 3000® Value Index
CUSIP
68382H206
NAV
  • B
(as of 05/21/2018)
$23.47
Total Assets
(as of 04/30/2018)
$265.12 MM
Gross Expense Ratio
(as of 04/30/2018)
1.94%
Net Expense Ratio
(as of 04/30/2018)
1.93%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2018
  • C
as of 03/31/2018
  • C

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • C
Cumulative
Annualized
ytd as of 2018-03-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (NAV)
-2.41% 7.21% 6.77% 7.81% 4.76% 5.47%
Russell 3000® Value Index
-2.82% 6.81% 7.87% 10.71% 7.84% -
Cumulative
Annualized
ytd as of 2018-03-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (with sales charge)
-7.27% 2.21% 5.89% 7.51% 4.76% 5.47%
Russell 3000® Value Index
-2.82% 6.81% 7.87% 10.71% 7.84% -
Cumulative
Annualized
ytd as of 2018-04-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (NAV)
-1.21% 8.38% 6.46% 7.82% 4.11% 5.53%
Russell 3000® Value Index
-2.40% 7.42% 7.78% 10.50% 7.39% -
Cumulative
Annualized
ytd as of 2018-04-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (with sales charge)
-6.13% 3.38% 5.57% 7.52% 4.11% 5.53%
Russell 3000® Value Index
-2.40% 7.42% 7.78% 10.50% 7.39% -
Gross Expense Ratio: 1.94% | Net Expense Ratio: 1.93%

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.


Year Dividend Opportunity Fund Russell 3000® Value Index
2005 8.18% 6.85%
2006 19.35% 22.34%
2007 3.16% -1.01%
2008 -47.41% -36.25%
2009 40.16% 19.76%
2010 18.28% 16.23%
2011 -11.62% -0.10%
2012 10.73% 17.55%
2013 22.49% 32.69%
2014 4.13% 12.70%
2015 -0.51% -4.13%
2016 12.75% 18.40%
2017 13.46% 13.19%

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.


Date Dividend Opportunity Fund Russell 3000® Value Index MSCI World S&P 500
4/30/2008 0.00 0.00 0.00 0.00
5/31/2008 -0.06 0.12 1.52 1.30
6/30/2008 -7.89 -9.46 -6.57 -7.24
7/31/2008 -10.02 -9.41 -8.86 -8.02
8/31/2008 -8.41 -7.64 -10.14 -6.69
9/30/2008 -18.54 -14.23 -20.82 -15.01
10/31/2008 -36.96 -29.27 -35.84 -29.28
11/30/2008 -44.16 -34.60 -39.99 -34.36
12/31/2008 -44.32 -33.45 -38.06 -33.66
1/31/2009 -45.59 -41.25 -43.49 -39.25
2/28/2009 -51.60 -49.12 -49.27 -45.72
3/31/2009 -46.92 -44.76 -45.45 -40.96
4/30/2009 -40.85 -38.61 -39.33 -35.31
5/31/2009 -36.28 -35.02 -33.83 -31.69
6/30/2009 -35.70 -35.48 -34.13 -31.56
7/31/2009 -31.02 -30.03 -28.55 -26.38
8/31/2009 -26.80 -26.40 -25.60 -23.72
9/30/2009 -23.79 -23.48 -22.64 -20.88
10/31/2009 -25.99 -26.05 -24.02 -22.35
11/30/2009 -23.04 -22.02 -20.91 -17.69
12/31/2009 -21.96 -20.29 -19.49 -16.10
1/31/2010 -25.26 -22.54 -22.82 -19.12
2/28/2010 -22.94 -20.01 -21.73 -16.61
3/31/2010 -17.20 -14.68 -16.88 -11.58
4/30/2010 -15.93 -12.15 -16.87 -10.19
5/31/2010 -22.83 -19.39 -24.83 -17.36
6/30/2010 -27.81 -24.14 -27.41 -21.68
7/31/2010 -21.32 -18.98 -21.53 -16.20
8/31/2010 -26.42 -22.66 -24.46 -19.98
9/30/2010 -19.23 -16.48 -17.41 -12.84
10/31/2010 -15.23 -13.92 -14.33 -9.52
11/30/2010 -15.17 -14.16 -16.18 -9.51
12/31/2010 -7.69 -7.36 -10.02 -3.46
1/31/2011 -5.67 -5.43 -7.99 -1.17
2/28/2011 -3.06 -1.84 -4.76 2.21
3/31/2011 -2.36 -1.37 -5.70 2.25
4/30/2011 0.65 1.17 -1.70 5.28
5/31/2011 -0.68 0.04 -3.74 4.09
6/30/2011 -3.75 -2.04 -5.26 2.35
7/31/2011 -6.77 -5.29 -6.98 0.27
8/31/2011 -15.70 -11.40 -13.53 -5.18
9/30/2011 -24.45 -18.34 -21.00 -11.84
10/31/2011 -15.93 -8.80 -12.83 -2.21
11/30/2011 -18.36 -9.25 -14.96 -2.42
12/31/2011 -18.42 -7.45 -15.00 -1.42
1/31/2012 -14.19 -3.75 -10.74 2.99
2/29/2012 -11.52 -0.10 -6.38 7.45
3/31/2012 -10.30 2.87 -5.18 10.98
4/30/2012 -12.62 1.79 -6.25 10.29
5/31/2012 -19.52 -4.20 -14.34 3.66
6/30/2012 -16.86 0.54 -9.98 7.93
7/31/2012 -16.33 1.43 -8.82 9.43
8/31/2012 -14.07 3.70 -6.51 11.89
9/30/2012 -11.75 7.02 -3.94 14.78
10/31/2012 -12.16 6.43 -4.59 12.66
11/30/2012 -11.52 6.42 -3.37 13.32
12/31/2012 -9.67 8.79 -1.55 14.35
1/31/2013 -5.14 15.81 3.46 20.27
2/28/2013 -5.43 17.45 3.63 21.91
3/31/2013 -1.72 22.12 6.06 26.48
4/30/2013 -0.56 23.81 9.40 28.92
5/31/2013 0.19 27.03 9.44 31.93
6/30/2013 -1.55 25.96 6.74 30.16
7/31/2013 3.03 32.86 12.36 36.78
8/31/2013 -0.85 27.75 9.97 32.82
9/30/2013 2.86 31.28 15.47 36.99
10/31/2013 6.74 36.91 19.99 43.28
11/30/2013 8.77 40.85 22.12 47.65
12/31/2013 10.65 44.34 24.71 51.39
1/31/2014 5.36 39.18 20.09 46.15
2/28/2014 8.68 45.23 26.10 52.84
3/31/2014 10.51 48.56 26.28 54.12
4/30/2014 12.15 49.55 27.58 55.26
5/31/2014 14.19 51.65 30.09 58.91
6/30/2014 16.91 55.82 32.42 62.19
7/31/2014 15.59 52.62 30.30 59.95
8/31/2014 18.22 58.31 33.17 66.35
9/30/2014 15.47 54.47 29.56 64.02
10/31/2014 16.22 58.48 30.40 68.03
11/30/2014 17.02 61.42 33.01 72.54
12/31/2014 15.80 62.67 30.87 72.11
1/31/2015 14.18 56.15 28.49 66.94
2/28/2015 19.50 63.68 36.02 76.54
3/31/2015 18.41 61.84 33.89 73.75
4/30/2015 20.97 62.95 37.03 75.41
5/31/2015 22.07 64.86 37.51 77.67
6/30/2015 18.69 61.84 34.31 74.23
7/31/2015 20.86 62.12 36.72 77.88
8/31/2015 14.53 52.60 27.67 67.15
9/30/2015 11.31 47.94 22.96 63.01
10/31/2015 19.10 58.87 32.71 76.76
11/30/2015 18.75 59.79 32.05 77.29
12/31/2015 16.08 55.95 29.73 74.49
1/31/2016 11.57 47.70 21.96 65.83
2/29/2016 10.73 47.75 21.06 65.61
3/31/2016 18.33 58.51 29.27 76.84
4/30/2016 20.66 61.85 31.32 77.53
5/31/2016 21.26 64.40 32.05 80.72
6/30/2016 22.43 65.75 30.58 81.19
7/31/2016 26.39 70.87 36.09 87.87
8/31/2016 26.57 72.40 36.20 88.13
9/30/2016 27.01 72.17 36.93 88.17
10/31/2016 25.08 69.28 34.28 84.73
11/30/2016 30.04 79.91 36.21 91.57
12/31/2016 31.94 84.65 39.47 95.36
1/31/2017 32.92 85.75 42.83 99.07
2/28/2017 36.83 92.10 46.80 106.97
3/31/2017 36.52 90.17 48.36 107.21
4/30/2017 36.83 89.90 50.56 109.34
5/31/2017 37.26 89.26 53.74 112.29
6/30/2017 38.91 92.62 54.33 113.61
7/31/2017 40.52 95.08 58.03 118.00
8/31/2017 38.91 92.62 58.25 118.67
9/30/2017 42.74 98.91 61.80 123.18
10/31/2017 45.36 100.26 64.86 128.39
11/30/2017 48.04 106.37 68.43 135.39
12/31/2017 50.94 109.01 70.71 138.01
1/31/2018 56.14 116.68 79.72 151.64
2/28/2018 49.75 106.30 72.28 142.36
3/31/2018 47.57 103.11 68.52 136.20
4/30/2018 49.52 104.00 70.46 137.11
Date Dividends
12/15/2008 0.0405
12/14/2009 0.0373
12/5/2013 0.0431
3/19/2014 0.1041
6/18/2014 0.1201
9/17/2014 0.0995
12/2/2014 0.0702
3/17/2015 0.0965
6/16/2015 0.0907
9/22/2015 0.0895
12/1/2015 0.0787
3/22/2016 0.0959
6/21/2016 0.096
9/20/2016 0.0978
12/1/2016 0.1739
3/21/2017 0.0962
6/20/2017 0.0902
9/19/2017 0.0795
12/1/2017 0.0755
3/20/2018 0.0683

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 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.

$ per share as of 05/18/2018

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

(48.5% of assets as of 04/30/2018)


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 71.4% 99.8% -28.4%
United Kingdom 9.6% 0.0% 9.6%
Japan 5.4% - -
Canada 2.4% 0.0% 2.4%
Spain 1.6% - -
Portugal 1.5% - -
Italy 1.5% - -
Australia 1.0% - -
Netherlands 1.0% 0.1% 0.9%
Switzerland 0.7% - -
Denmark 0.6% - -
Germany 0.6% - -
Developed Markets Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Americas 73.8% 99.8% -26.0%
Europe 17.0% 0.2% 16.9%
Asia Pacific 6.4% - -
Equity Sector Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Financials 19.8% 27.2% -7.4%
Energy 14.1% 11.4% 2.8%
Information Technology 11.9% 9.0% 2.9%
Industrials 10.8% 8.3% 2.5%
Consumer Discretionary 7.4% 7.0% 0.4%
Utilities 7.3% 6.0% 1.3%
Consumer Staples 7.3% 7.3% 0.1%
Health Care 7.3% 13.2% -5.9%
Telecommunication Services 3.8% 2.6% 1.3%
Materials 3.7% 3.0% 0.7%
Real Estate 3.6% 5.0% -1.4%
Industry Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Banks 15.5% 13.3% 2.2%
Oil Gas & Consumable Fuels 14.1% 9.9% 4.2%
Electric Utilities 6.0% 3.5% 2.6%
Pharmaceuticals 5.7% 6.1% -0.4%
Diversified Telecommunication Services 3.8% 2.5% 1.4%
Aerospace & Defense 3.8% 2.0% 1.8%
Equity Real Estate Investment Trusts (REITs) 3.6% 4.8% -1.2%
Software 3.6% 1.3% 2.2%
Communications Equipment 3.6% 2.1% 1.5%
Semiconductors & Semiconductor Equipment 3.5% 3.0% 0.6%
Beverages 3.5% 0.6% 2.9%
Hotels Restaurants & Leisure 3.4% 0.8% 2.6%
Trading Companies & Distributors 2.4% 0.2% 2.2%
Capital Markets 2.3% 4.1% -1.8%
Automobiles 2.0% 0.7% 1.2%
Metals & Mining 1.9% 0.9% 1.1%
Tobacco 1.5% 0.9% 0.6%
Food & Staples Retailing 1.5% 2.1% -0.6%
Multi-Utilities 1.3% 1.8% -0.5%
Electrical Equipment 1.3% 0.7% 0.5%
Asset Allocation Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Equity 97.2% 100.0% -2.8%
Market Cap Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Large 83.2% 74.0% 9.2%
Mid 8.9% 19.0% -10.1%
Small 5.1% 7.0% -1.9%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1081
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-0.24
-0.94
Beta
0.85
0.84
Information Ratio
-0.47
-0.82
R-Squared
93.79
90.00
Sharpe Ratio
0.66
0.84
Standard Deviation
9.23
8.98
Upside Capture
84.85
81.38
Downside Capture
86.19
88.10
Sortino Ratio
0.32
0.41
Win Ratio
53.00
47.00
Loss Ratio
47.00
53.00
Tracking Error
2.79
3.28
Dividends
  • E
Est. Frequency
Quarterly
Last Pay Date
3/20/2018
Per Share ($)
$0.0683
12-Month Distribution ($)
$0.3135
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$130.20 B
$110.60 B
Median Market Cap (weighted)
$90.00 B
$55.10 B
P/E Ratio (LTM)
16.06
18.61
P/E Ratio (NTM)
14.20
14.57
Price/Book
2.09
1.98
Return on Equity
13.58%
10.92%
Turnover Ratio
64.00%
-
Active Share
76.62%
-
Yields
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
1.19%
Standardized Yield
1.40%
Distribution Sources
  • E
Net Income
92.40%
Net Profit from Sale
0.00%
Other Capital Sources
7.60%
Tools
Morningstar logo 95x28 trans
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. 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 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. 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.
  10. 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.
  11. 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 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.
  12. 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.
  13. E. There is no guarantee of the payment of any dividend or other distributions at any level.
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