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OCEIX

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
68381A301
NAV
  • A
(as of 11/13/2018)
$24.61
Total Assets
(as of 10/31/2018)
$3.13 BN
Gross Expense Ratio
(as of 10/31/2018)
1.80%
Net Expense Ratio
(as of 10/31/2018)
1.80%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2018
  • E
as of 09/30/2018
  • E

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • E
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
2.00% 6.71% 9.44% 6.71% 9.68% 7.68%
Russell 1000® Value Index
3.92% 9.45% 13.55% 10.72% 9.79% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
1.00% 5.71% 9.44% 6.71% 9.68% 7.68%
Russell 1000® Value Index
3.92% 9.45% 13.55% 10.72% 9.79% -
Cumulative
Annualized
ytd as of 2018-10-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
-3.47% -0.57% 5.16% 4.77% 11.06% 7.38%
Russell 1000® Value Index
-1.46% 3.03% 8.88% 8.61% 11.30% -
Cumulative
Annualized
ytd as of 2018-10-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
-4.43% -1.53% 5.16% 4.77% 11.06% 7.38%
Russell 1000® Value Index
-1.46% 3.03% 8.88% 8.61% 11.30% -
Gross Expense Ratio: 1.80% | Net Expense Ratio: 1.80%

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 a 1% contingent deferred sales charge for the first year where indicated.  Class C 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 19.34% 15.63%
1999 5.24% 7.35%
2000 14.33% 7.01%
2001 -1.78% -5.59%
2002 -15.35% -15.52%
2003 27.65% 30.03%
2004 15.63% 16.49%
2005 8.26% 7.05%
2006 12.56% 22.25%
2007 1.70% -0.17%
2008 -36.09% -36.85%
2009 41.00% 19.69%
2010 19.85% 15.51%
2011 -7.15% 0.39%
2012 18.25% 17.51%
2013 30.58% 32.53%
2014 9.24% 13.45%
2015 -10.49% -3.83%
2016 13.78% 17.34%
2017 11.78% 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 a 1% contingent deferred sales charge for the first year where indicated.  Class C 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
10/31/2008 0.00 0.00 0.00 0.00
11/30/2008 -6.33 -7.17 -6.47 -7.18
12/31/2008 -1.75 -5.88 -3.47 -6.19
1/31/2009 -8.70 -16.70 -11.93 -14.09
2/28/2009 -16.88 -27.83 -20.94 -23.24
3/31/2009 -8.37 -21.66 -14.98 -16.52
4/30/2009 1.17 -13.27 -5.44 -8.53
5/31/2009 14.26 -7.90 3.12 -3.41
6/30/2009 14.79 -8.58 2.66 -3.22
7/31/2009 18.99 -1.10 11.35 4.10
8/31/2009 25.25 4.07 15.95 7.86
9/30/2009 31.57 8.09 20.57 11.88
10/31/2009 28.82 4.78 18.42 9.80
11/30/2009 35.52 10.69 23.26 16.39
12/31/2009 39.73 12.65 25.47 18.64
1/31/2010 36.96 9.48 20.29 14.37
2/28/2010 41.82 12.94 21.98 17.91
3/31/2010 49.99 20.29 29.54 25.03
4/30/2010 51.14 23.40 29.56 27.00
5/31/2010 40.30 13.26 17.15 16.86
6/30/2010 32.86 6.88 13.13 10.74
7/31/2010 44.70 14.12 22.30 18.50
8/31/2010 39.73 9.24 17.74 13.15
9/30/2010 51.69 17.71 28.71 23.25
10/31/2010 56.20 21.24 33.51 27.94
11/30/2010 56.61 20.60 30.63 27.96
12/31/2010 68.88 30.12 40.23 36.51
1/31/2011 72.12 33.06 43.40 39.75
2/28/2011 77.42 37.97 48.42 44.53
3/31/2011 77.62 38.52 46.96 44.59
4/30/2011 83.43 42.20 53.20 48.87
5/31/2011 82.46 40.70 50.03 47.19
6/30/2011 77.61 37.82 47.65 44.73
7/31/2011 71.91 33.25 44.97 41.79
8/31/2011 57.59 24.93 34.76 34.09
9/30/2011 42.78 15.49 23.12 24.66
10/31/2011 60.32 28.71 35.86 38.29
11/30/2011 55.43 28.04 32.54 37.98
12/31/2011 58.02 30.63 32.47 39.39
1/31/2012 67.59 35.57 39.11 45.64
2/29/2012 76.09 40.97 45.91 51.94
3/31/2012 80.11 45.15 47.78 56.94
4/30/2012 77.40 43.67 46.11 55.95
5/31/2012 64.87 35.24 33.49 46.58
6/30/2012 70.44 41.96 40.30 52.62
7/31/2012 73.74 43.43 42.10 54.74
8/31/2012 79.47 46.54 45.70 58.22
9/30/2012 85.00 51.19 49.70 62.31
10/31/2012 85.87 50.45 48.69 59.32
11/30/2012 83.71 50.39 50.60 60.24
12/31/2012 88.27 53.50 53.43 61.70
1/31/2013 98.61 63.47 61.24 70.08
2/28/2013 99.71 65.82 61.51 72.38
3/31/2013 109.02 72.39 65.29 78.85
4/30/2013 115.40 74.99 70.50 82.30
5/31/2013 122.45 79.49 70.56 86.56
6/30/2013 117.52 77.90 66.36 84.05
7/31/2013 128.86 87.51 75.12 93.42
8/31/2013 122.59 80.40 71.39 87.82
9/30/2013 126.63 84.92 79.96 93.71
10/31/2013 135.26 93.01 87.01 102.61
11/30/2013 143.81 98.40 90.33 108.79
12/31/2013 147.82 103.42 94.36 114.07
1/31/2014 137.04 96.20 87.16 106.67
2/28/2014 148.13 104.68 96.53 116.13
3/31/2014 152.45 109.57 96.81 117.94
4/30/2014 154.59 111.56 98.83 119.55
5/31/2014 159.18 114.66 102.74 124.71
6/30/2014 167.77 120.27 106.37 129.35
7/31/2014 163.64 116.51 103.08 126.19
8/31/2014 174.30 124.47 107.55 135.23
9/30/2014 164.16 119.84 101.92 131.94
10/31/2014 168.63 124.78 103.22 137.60
11/30/2014 174.07 129.38 107.30 143.99
12/31/2014 172.72 130.79 103.95 143.38
1/31/2015 160.24 121.56 100.26 136.07
2/28/2015 177.05 132.28 111.99 149.64
3/31/2015 175.57 129.12 108.67 145.69
4/30/2015 179.92 131.26 113.57 148.05
5/31/2015 181.29 134.04 114.30 151.24
6/30/2015 172.34 129.37 109.32 146.37
7/31/2015 170.71 130.38 113.08 151.53
8/31/2015 157.41 116.66 98.98 136.36
9/30/2015 143.02 110.12 91.64 130.51
10/31/2015 159.37 125.97 106.82 149.95
11/30/2015 158.24 126.83 105.79 150.70
12/31/2015 145.93 121.96 102.18 146.74
1/31/2016 127.18 110.49 90.08 134.50
2/29/2016 126.62 110.43 88.67 134.18
3/31/2016 143.55 125.59 101.47 150.07
4/30/2016 146.91 130.33 104.66 151.04
5/31/2016 149.34 133.91 105.81 155.55
6/30/2016 145.87 135.93 103.50 156.21
7/31/2016 157.88 142.78 112.10 165.66
8/31/2016 162.76 144.65 112.28 166.03
9/30/2016 161.80 144.14 113.40 166.08
10/31/2016 160.57 140.37 109.27 161.23
11/30/2016 173.98 154.09 112.28 170.90
12/31/2016 182.01 160.44 117.36 176.25
1/31/2017 184.48 162.30 122.61 181.49
2/28/2017 193.80 171.72 128.78 192.67
3/31/2017 190.31 168.96 131.22 193.01
4/30/2017 190.21 168.45 134.64 196.02
5/31/2017 187.54 168.19 139.61 200.19
6/30/2017 193.85 172.57 140.53 202.06
7/31/2017 199.81 176.20 146.29 208.27
8/31/2017 194.33 172.98 146.63 209.22
9/30/2017 203.03 181.06 152.17 215.59
10/31/2017 207.96 183.10 156.93 222.96
11/30/2017 212.69 191.77 162.50 232.86
12/31/2017 217.53 196.03 166.05 236.56
1/31/2018 228.62 207.48 180.10 255.83
2/28/2018 214.29 192.79 168.50 242.72
3/31/2018 207.38 187.64 162.64 234.01
4/30/2018 208.56 188.59 165.66 235.29
5/31/2018 210.83 190.31 167.33 243.37
6/30/2018 209.70 191.03 167.20 245.48
7/31/2018 220.49 202.54 175.54 258.34
8/31/2018 224.15 207.02 178.95 270.01
9/30/2018 225.89 207.63 180.51 272.12
10/31/2018 208.57 191.70 159.91 246.68
Date Dividends
12/18/2008 0.2117
3/20/2009 0.1549
6/19/2009 0.1944
9/25/2009 0.0771
12/17/2009 0.1343
3/19/2010 0.0432
6/25/2010 0.0505
9/24/2010 0.055
12/17/2010 0.1683
3/25/2011 0.0697
6/24/2011 0.1003
9/23/2011 0.0678
12/8/2011 0.2844
3/23/2012 0.0841
6/22/2012 0.1225
9/21/2012 0.0974
12/6/2012 0.2911
3/22/2013 0.0979
6/21/2013 0.1345
9/20/2013 0.1454
12/11/2013 0.3476
3/21/2014 0.1794
6/20/2014 0.0806
9/19/2014 0.1361
12/9/2014 0.1939
3/19/2015 0.1191
6/18/2015 0.1328
9/24/2015 0.1816
12/8/2015 0.4626
3/24/2016 0.1004
6/23/2016 0.1062
9/22/2016 0.1422
12/12/2016 0.1707
3/23/2017 0.095
6/22/2017 0.1398
9/21/2017 0.1326
12/11/2017 0.2347
3/22/2018 0.0686
6/21/2018 0.1046
9/20/2018 0.1453

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 a 1% contingent deferred sales charge for the first year where indicated.  Class C 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 11/14/2018

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

(50.6% of assets as of 10/31/2018)


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 88.4% 99.7% -11.3%
United Kingdom 4.9% - -
Canada 2.8% - -
Switzerland 0.8% - -
Developed Markets Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Americas 91.3% 99.7% -8.4%
Europe 5.7% 0.2% 5.5%
Equity Sector Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Financials 20.0% 22.9% -2.9%
Health Care 17.9% 15.3% 2.7%
Energy 13.3% 10.0% 3.3%
Consumer Staples 9.8% 7.8% 1.9%
Information Technology 6.9% 9.5% -2.6%
Consumer Discretionary 6.8% 5.3% 1.6%
Communication Services 6.3% 7.1% -0.8%
Industrials 5.9% 7.5% -1.7%
Utilities 4.6% 6.0% -1.4%
Real Estate 4.1% 4.7% -0.7%
Materials 1.4% 3.9% -2.5%
Industry Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Oil Gas & Consumable Fuels 12.4% 9.1% 3.3%
Banks 11.7% 11.5% 0.2%
Pharmaceuticals 8.4% 7.0% 1.5%
Diversified Telecommunication Services 5.0% 3.7% 1.3%
Health Care Providers & Services 4.9% 3.0% 1.9%
Electric Utilities 4.6% 3.5% 1.0%
Capital Markets 4.5% 3.3% 1.3%
Equity Real Estate Investment Trusts (REITs) 4.1% 4.6% -0.5%
Beverages 3.3% 0.5% 2.7%
Health Care Equipment & Supplies 3.1% 3.7% -0.5%
Communications Equipment 2.8% 2.0% 0.8%
Automobiles 2.6% 0.7% 1.9%
Multiline Retail 2.3% 0.7% 1.6%
Food Products 2.2% 2.1% 0.1%
Tobacco 2.2% 1.1% 1.1%
Software 2.2% 1.8% 0.4%
Electrical Equipment 2.1% 0.6% 1.5%
Food & Staples Retailing 1.6% 1.9% -0.3%
Insurance 1.6% 4.1% -2.4%
Technology Hardware Storage & Peripherals 1.5% 0.6% 0.9%
Asset Allocation Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Equity 97.0% 100.0% -3.0%
Market Cap Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Large 87.0% 77.1% 9.9%
Mid 7.0% 21.2% -14.1%
Small 2.3% 1.4% 0.9%
Analytics
(As of 10/31/2018)

Morningstar 10/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1089
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-3.94
-4.09
Beta
1.07
1.07
Information Ratio
-1.14
-1.17
R-Squared
90.50
91.60
Sharpe Ratio
0.44
0.42
Standard Deviation
10.39
11.06
Upside Capture
93.05
93.77
Downside Capture
129.32
125.70
Sortino Ratio
0.65
0.63
Win Ratio
39.00
40.00
Loss Ratio
61.00
60.00
Tracking Error
3.27
3.29
Yields
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
2.22%
Standardized Yield
1.36%
Unsubsidized Yield
1.35%
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$148.20 B
$123.72 B
Median Market Cap (weighted)
$89.57 B
$65.75 B
P/E Ratio (LTM)
14.19
16.19
P/E Ratio (NTM)
12.50
13.53
Price/Book
2.03
2.05
Debt to Capital Ratio
53.37
45.69
Turnover Ratio
46%
-
Active Share
68.66%
-
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
9/20/2018
Per Share ($)
$0.1453
12-Month Distribution ($)
$0.5531
Distribution Sources
  • D
Net Income
96.50%
Net Profit from Sale
0.00%
Other Capital Sources
3.50%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. On August 1, 2007, the Fund's investment objective changed from “seeks capital appreciation" to “seeks total return.” Performance prior to August 1, 2007 is not indicative of performance for any subsequent periods.
  2. 2. 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. The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 companies with lower price-to-book ratios and lower expected growth values. The index is unmanaged, includes the reinvestment of dividends and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  5. 5. 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.
  6. 6. Top Holdings represent stock holdings only and do not include cash and cash equivalents or fixed income holdings.
  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. 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 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. 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 a 1% contingent deferred sales charge for the first year where indicated.  Class C 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.
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