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OBEIX

Equity Income Fund

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Overview

The Strategy typically invests primarily in dividend-paying large company U.S. stocks.

Inception Date
March 3, 1997
Investment Style
Equity Income
Fund Index
Russell 1000® Value Index
CUSIP
68381A202
NAV
  • B
(as of 05/23/2018)
$25.44
Total Assets
(as of 04/30/2018)
$3.41 BN
Gross Expense Ratio
(as of 04/30/2018)
1.81%
Net Expense Ratio
(as of 04/30/2018)
1.81%
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
Equity Income Fund (NAV)
-3.41% 5.04% 2.90% 7.16% 7.87% 8.22%
Russell 1000® Value Index
-2.83% 6.95% 7.88% 10.78% 7.78% -
Cumulative
Annualized
ytd as of 2018-03-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
-8.23% 0.04% 2.01% 6.85% 7.87% 8.22%
Russell 1000® Value Index
-2.83% 6.95% 7.88% 10.78% 7.78% -
Cumulative
Annualized
ytd as of 2018-04-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
-3.10% 5.50% 2.50% 6.61% 7.40% 8.21%
Russell 1000® Value Index
-2.51% 7.50% 7.66% 10.52% 7.30% -
Cumulative
Annualized
ytd as of 2018-04-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
-7.94% 0.50% 1.61% 6.30% 7.40% 8.21%
Russell 1000® Value Index
-2.51% 7.50% 7.66% 10.52% 7.30% -
Gross Expense Ratio: 1.81% | Net Expense Ratio: 1.81%

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 Equity Income Fund Russell 1000® Value Index
1998 19.35% 15.63%
1999 5.25% 7.35%
2000 14.34% 7.01%
2001 -1.78% -5.59%
2002 -15.37% -15.52%
2003 27.62% 30.03%
2004 15.65% 16.49%
2005 8.22% 7.05%
2006 12.58% 22.25%
2007 1.67% -0.17%
2008 -36.12% -36.85%
2009 40.95% 19.69%
2010 19.77% 15.51%
2011 -7.34% 0.39%
2012 18.07% 17.51%
2013 30.36% 32.53%
2014 9.23% 13.45%
2015 -10.54% -3.83%
2016 13.84% 17.34%
2017 11.71% 13.66%

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 Equity Income Fund Russell 1000® Value Index MSCI World S&P 500
4/30/2008 0.00 0.00 0.00 0.00
5/31/2008 2.27 -0.16 1.52 1.30
6/30/2008 -5.80 -9.72 -6.57 -7.24
7/31/2008 -8.19 -10.04 -8.86 -8.02
8/31/2008 -7.02 -8.51 -10.14 -6.69
9/30/2008 -16.70 -15.24 -20.82 -15.01
10/31/2008 -30.43 -29.91 -35.84 -29.28
11/30/2008 -34.87 -34.94 -39.99 -34.36
12/31/2008 -31.73 -34.03 -38.06 -33.66
1/31/2009 -36.60 -41.62 -43.49 -39.25
2/28/2009 -42.36 -49.42 -49.27 -45.72
3/31/2009 -36.46 -45.09 -45.45 -40.96
4/30/2009 -29.89 -39.21 -39.33 -35.31
5/31/2009 -20.90 -35.45 -33.83 -31.69
6/30/2009 -20.55 -35.93 -34.13 -31.56
7/31/2009 -17.73 -30.68 -28.55 -26.38
8/31/2009 -13.47 -27.05 -25.60 -23.72
9/30/2009 -9.18 -24.24 -22.64 -20.88
10/31/2009 -11.16 -26.56 -24.02 -22.35
11/30/2009 -6.56 -22.42 -20.91 -17.69
12/31/2009 -3.77 -21.04 -19.49 -16.10
1/31/2010 -5.76 -23.26 -22.82 -19.12
2/28/2010 -2.48 -20.84 -21.73 -16.61
3/31/2010 3.06 -15.69 -16.88 -11.58
4/30/2010 3.76 -13.51 -16.87 -10.19
5/31/2010 -3.74 -20.62 -24.83 -17.36
6/30/2010 -8.91 -25.08 -27.41 -21.68
7/31/2010 -0.90 -20.01 -21.53 -16.20
8/31/2010 -4.36 -23.44 -24.46 -19.98
9/30/2010 3.76 -17.50 -17.41 -12.84
10/31/2010 6.80 -15.02 -14.33 -9.52
11/30/2010 6.96 -15.47 -16.18 -9.51
12/31/2010 15.26 -8.80 -10.02 -3.46
1/31/2011 17.33 -6.74 -7.99 -1.17
2/28/2011 20.83 -3.30 -4.76 2.21
3/31/2011 20.94 -2.91 -5.70 2.25
4/30/2011 24.78 -0.33 -1.70 5.28
5/31/2011 24.01 -1.38 -3.74 4.09
6/30/2011 20.62 -3.40 -5.26 2.35
7/31/2011 16.66 -6.61 -6.98 0.27
8/31/2011 6.86 -12.43 -13.53 -5.18
9/30/2011 -3.26 -19.05 -21.00 -11.84
10/31/2011 8.51 -9.78 -12.83 -2.21
11/30/2011 5.20 -10.25 -14.96 -2.42
12/31/2011 6.80 -8.44 -15.00 -1.42
1/31/2012 13.19 -4.98 -10.74 2.99
2/29/2012 18.86 -1.19 -6.38 7.45
3/31/2012 21.48 1.74 -5.18 10.98
4/30/2012 19.57 0.70 -6.25 10.29
5/31/2012 11.02 -5.21 -14.34 3.66
6/30/2012 14.64 -0.50 -9.98 7.93
7/31/2012 16.79 0.53 -8.82 9.43
8/31/2012 20.53 2.71 -6.51 11.89
9/30/2012 24.18 5.97 -3.94 14.78
10/31/2012 24.69 5.45 -4.59 12.66
11/30/2012 23.10 5.41 -3.37 13.32
12/31/2012 26.10 7.59 -1.55 14.35
1/31/2013 32.86 14.58 3.46 20.27
2/28/2013 33.56 16.22 3.63 21.91
3/31/2013 39.67 20.83 6.06 26.48
4/30/2013 43.77 22.66 9.40 28.92
5/31/2013 48.33 25.80 9.44 31.93
6/30/2013 44.98 24.70 6.74 30.16
7/31/2013 52.39 31.43 12.36 36.78
8/31/2013 48.10 26.44 9.97 32.82
9/30/2013 50.74 29.61 15.47 36.99
10/31/2013 56.29 35.29 19.99 43.28
11/30/2013 61.85 39.06 22.12 47.65
12/31/2013 64.38 42.58 24.71 51.39
1/31/2014 57.14 37.52 20.09 46.15
2/28/2014 64.38 43.46 26.10 52.84
3/31/2014 67.13 46.89 26.28 54.12
4/30/2014 68.39 48.29 27.58 55.26
5/31/2014 71.43 50.46 30.09 58.91
6/30/2014 77.11 54.39 32.42 62.19
7/31/2014 74.38 51.76 30.30 59.95
8/31/2014 81.43 57.33 33.17 66.35
9/30/2014 74.72 54.09 29.56 64.02
10/31/2014 77.68 57.55 30.40 68.03
11/30/2014 81.28 60.78 33.01 72.54
12/31/2014 80.38 61.76 30.87 72.11
1/31/2015 72.13 55.30 28.49 66.94
2/28/2015 83.25 62.81 36.02 76.54
3/31/2015 82.27 60.59 33.89 73.75
4/30/2015 85.15 62.10 37.03 75.41
5/31/2015 86.05 64.04 37.51 77.67
6/30/2015 80.13 60.77 34.31 74.23
7/31/2015 79.05 61.47 36.72 77.88
8/31/2015 70.26 51.86 27.67 67.15
9/30/2015 60.74 47.27 22.96 63.01
10/31/2015 71.55 58.38 32.71 76.76
11/30/2015 70.81 58.99 32.05 77.29
12/31/2015 62.66 55.57 29.73 74.49
1/31/2016 50.26 47.53 21.96 65.83
2/29/2016 49.89 47.50 21.06 65.61
3/31/2016 61.09 58.12 29.27 76.84
4/30/2016 63.32 61.44 31.32 77.53
5/31/2016 64.92 63.95 32.05 80.72
6/30/2016 62.63 65.37 30.58 81.19
7/31/2016 70.57 70.17 36.09 87.87
8/31/2016 73.80 71.48 36.20 88.13
9/30/2016 73.16 71.12 36.93 88.17
10/31/2016 72.35 68.47 34.28 84.73
11/30/2016 81.22 78.10 36.21 91.57
12/31/2016 86.53 82.55 39.47 95.36
1/31/2017 88.16 83.85 42.83 99.07
2/28/2017 94.33 90.45 46.80 106.97
3/31/2017 92.02 88.51 48.36 107.21
4/30/2017 91.95 88.16 50.56 109.34
5/31/2017 90.18 87.98 53.74 112.29
6/30/2017 94.36 91.05 54.33 113.61
7/31/2017 98.30 93.59 58.03 118.00
8/31/2017 94.68 91.33 58.25 118.67
9/30/2017 100.43 97.00 61.80 123.18
10/31/2017 103.69 98.43 64.86 128.39
11/30/2017 106.82 104.51 68.43 135.39
12/31/2017 110.02 107.49 70.71 138.01
1/31/2018 117.36 115.51 79.72 151.64
2/28/2018 107.88 105.22 72.28 142.36
3/31/2018 103.31 101.61 68.52 136.20
4/30/2018 104.09 102.28 70.46 137.11
Date Dividends
6/27/2008 0.1006
9/26/2008 0.0981
12/18/2008 0.2086
3/20/2009 0.1542
6/19/2009 0.1941
9/25/2009 0.0738
12/17/2009 0.1313
3/19/2010 0.0378
6/25/2010 0.0445
9/24/2010 0.0493
12/17/2010 0.1558
3/25/2011 0.0589
6/24/2011 0.0905
9/23/2011 0.0622
12/8/2011 0.2817
3/23/2012 0.0777
6/22/2012 0.1117
9/21/2012 0.0863
12/6/2012 0.2796
3/22/2013 0.0879
6/21/2013 0.1172
9/20/2013 0.1318
12/11/2013 0.3345
3/21/2014 0.1705
6/20/2014 0.0776
9/19/2014 0.1336
12/9/2014 0.1908
3/19/2015 0.1175
6/18/2015 0.1304
9/24/2015 0.179
12/8/2015 0.4612
3/24/2016 0.0991
6/23/2016 0.1048
9/22/2016 0.1397
12/12/2016 0.1651
3/23/2017 0.0871
6/22/2017 0.129
9/21/2017 0.1172
12/11/2017 0.2155
3/22/2018 0.0317

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 05/23/2018

Date 2013 2014 2015 2016 2017
Short Term 0.5080 0.7101 0.4129 0.1021
Long Term 0.5971 1.0410 1.0579 0.1331
Total Amount of Distribution 1.1051 1.7510 1.4708 0.2352
Record Date 12/9/13 12/8/14 12/7/15 12/8/17
Ex Div Date 12/10/13 12/9/14 12/8/15 12/11/17
Pay Date 12/11/13 12/9/14 12/8/15 12/11/17

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

Portfolio

Top Holdings

(49.2% of assets as of 04/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 7
Country Equity Income Fund Russell 1000® Value Index Overweight / Underweight
United States 92.3% 99.8% -7.5%
United Kingdom 4.5% 0.0% 4.4%
Canada 1.6% 0.0% 1.6%
Developed Markets Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Americas 93.9% 99.8% -5.9%
Europe 4.5% 0.2% 4.3%
Equity Sector Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Financials 23.0% 26.9% -3.9%
Information Technology 11.7% 9.1% 2.6%
Health Care 11.4% 13.7% -2.4%
Energy 11.2% 11.7% -0.5%
Consumer Discretionary 9.3% 6.7% 2.6%
Industrials 7.8% 8.0% -0.1%
Utilities 7.1% 6.0% 1.1%
Consumer Staples 6.6% 7.7% -1.1%
Telecommunication Services 4.0% 2.8% 1.2%
Real Estate 3.4% 4.6% -1.2%
Materials 2.9% 2.9% 0.0%
Industry Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Banks 13.1% 12.8% 0.3%
Oil Gas & Consumable Fuels 10.6% 10.3% 0.2%
Electric Utilities 7.1% 3.6% 3.5%
Capital Markets 6.9% 4.3% 2.6%
Hotels Restaurants & Leisure 5.6% 0.7% 4.8%
Pharmaceuticals 5.1% 6.5% -1.4%
Semiconductors & Semiconductor Equipment 4.1% 3.1% 1.0%
Diversified Telecommunication Services 4.0% 2.6% 1.4%
Communications Equipment 3.8% 2.1% 1.7%
Aerospace & Defense 3.7% 2.0% 1.6%
Equity Real Estate Investment Trusts (REITs) 3.4% 4.4% -1.0%
Beverages 3.3% 0.6% 2.7%
Software 2.5% 1.4% 1.1%
Health Care Equipment & Supplies 2.3% 2.9% -0.6%
Health Care Providers & Services 2.1% 2.5% -0.4%
Electrical Equipment 1.9% 0.8% 1.1%
Biotechnology 1.8% 1.1% 0.7%
Automobiles 1.6% 0.8% 0.8%
Containers & Packaging 1.4% 0.4% 1.0%
Tobacco 1.4% 1.0% 0.4%
Asset Allocation Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Equity 98.3% 100.0% -1.7%
Market Cap Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Large 86.9% 80.0% 6.9%
Mid 9.2% 18.9% -9.7%
Small 2.2% 1.1% 1.1%
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
-5.21
-4.17
Beta
1.06
1.06
Information Ratio
-1.40
-1.16
R-Squared
90.05
91.17
Sharpe Ratio
0.22
0.59
Standard Deviation
11.57
11.18
Upside Capture
90.39
94.36
Downside Capture
132.64
126.31
Sortino Ratio
0.09
0.27
Win Ratio
36.00
40.00
Loss Ratio
64.00
60.00
Tracking Error
3.69
3.39
Dividends
  • E
Est. Frequency
Quarterly
Last Pay Date
3/22/2018
Per Share ($)
$0.0317
12-Month Distribution ($)
$0.4933
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$146.30 B
$119.40 B
Median Market Cap (weighted)
$96.10 B
$64.40 B
P/E Ratio (LTM)
16.24
18.38
P/E Ratio (NTM)
13.84
14.44
Price/Book
2.17
2.02
Debt to Capital Ratio
54.07
44.38
Turnover Ratio
46.00%
-
Active Share
66.74%
-
Yields
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
0.51%
Standardized Yield
1.28%
Distribution Sources
  • E
Net Income
86.90%
Net Profit from Sale
0.00%
Other Capital Sources
13.10%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. On 8/1/07, the Fund's investment objective changed from "seeks capital appreciation" to "seeks total return." Performance prior to 8/1/07 is not indicative of performance for any subsequent periods.
  2. 2. Special Risks: Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. 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. 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. Diversification does not guarantee profit or protect against loss.
  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. Top Holdings represent stock holdings only and do not include cash and cash equivalents or fixed income holdings.
  6. 6. 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.
  7. 7. 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.
  8. 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.
  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 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.
  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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