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OPGIX

Global Opportunities Fund
  • A
  • 1

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Overview

The Strategy typically invests opportunistically in both U.S. and foreign stocks.

Inception Date
October 22, 1990
Investment Style
Global Opportunity
Fund Index
MSCI ACWI
CUSIP
683943104
NAV
  • B
(as of 04/18/2019)
$60.43
Total Assets
(as of 03/31/2019)
$8.06 BN
Gross Expense Ratio
(as of 03/31/2019)
1.13%
Net Expense Ratio
(as of 03/31/2019)
1.13%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 03/31/2019
  • C
as of 03/31/2019
  • C

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • C
Cumulative
Annualized
ytd as of 2019-03-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
13.92% -14.69% 18.13% 11.31% 17.19% 11.79%
MSCI ACWI
12.18% 2.60% 10.67% 6.45% 11.98% -
Cumulative
Annualized
ytd as of 2019-03-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (with sales charge)
7.37% -19.60% 15.82% 9.99% 16.50% 11.56%
MSCI ACWI
12.18% 2.60% 10.67% 6.45% 11.98% -
Cumulative
Annualized
ytd as of 2019-03-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
13.92% -14.69% 18.13% 11.31% 17.19% 11.79%
MSCI ACWI
12.18% 2.60% 10.67% 6.45% 11.98% -
Cumulative
Annualized
ytd as of 2019-03-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (with sales charge)
7.37% -19.60% 15.82% 9.99% 16.50% 11.56%
MSCI ACWI
12.18% 2.60% 10.67% 6.45% 11.98% -
Gross Expense Ratio: 1.13% | Net Expense Ratio: 1.13%

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.


Year Global Opportunities Fund MSCI ACWI
1991 15.00% -
1992 -6.18% -
1993 39.49% -
1994 -4.70% -
1995 17.37% -
1996 15.31% -
1997 28.25% -
1998 12.83% -
1999 86.57% -
2000 -4.22% -
2001 -16.32% -16.21%
2002 -26.99% -19.32%
2003 57.25% 33.99%
2004 29.88% 15.23%
2005 17.43% 10.84%
2006 11.00% 20.95%
2007 3.58% 11.66%
2008 -41.92% -42.19%
2009 75.79% 34.63%
2010 12.63% 12.67%
2011 -9.24% -7.35%
2012 10.28% 16.13%
2013 40.68% 22.80%
2014 -3.46% 4.16%
2015 13.93% -2.36%
2016 10.70% 7.86%
2017 52.52% 23.97%
2018 -18.09% -9.41%

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.


Date Global Opportunities Fund MSCI ACWI
S&P 500
3/31/2009 0.00 0.00 0.00
4/30/2009 16.15 11.80 9.57
5/31/2009 36.13 22.94 15.70
6/30/2009 33.92 22.26 15.93
7/31/2009 40.56 33.02 24.70
8/31/2009 50.26 37.77 29.20
9/30/2009 62.83 44.10 34.02
10/31/2009 51.43 41.87 31.53
11/30/2009 65.30 47.70 39.42
12/31/2009 77.85 50.76 42.11
1/31/2010 73.04 44.25 37.00
2/28/2010 74.11 46.08 41.25
3/31/2010 87.39 55.48 49.77
4/30/2010 88.52 55.74 52.13
5/31/2010 75.38 40.98 39.99
6/30/2010 67.70 36.64 32.66
7/31/2010 81.18 47.75 41.95
8/31/2010 67.10 42.59 35.54
9/30/2010 86.59 56.23 47.64
10/31/2010 92.73 61.87 53.26
11/30/2010 87.79 58.27 53.28
12/31/2010 100.30 69.86 63.52
1/31/2011 97.88 72.53 67.40
2/28/2011 106.50 77.55 73.13
3/31/2011 104.14 77.38 73.20
4/30/2011 119.44 84.63 78.33
5/31/2011 116.41 80.66 76.31
6/30/2011 108.12 77.82 73.37
7/31/2011 103.07 74.92 69.85
8/31/2011 97.81 62.14 60.62
9/30/2011 76.59 46.84 49.33
10/31/2011 92.69 62.57 65.65
11/30/2011 84.40 57.70 65.28
12/31/2011 81.80 57.38 66.97
1/31/2012 98.06 66.53 74.46
2/29/2012 108.63 74.91 82.00
3/31/2012 115.00 76.07 87.99
4/30/2012 105.99 74.06 86.81
5/31/2012 85.73 58.45 75.58
6/30/2012 94.54 66.28 82.82
7/31/2012 91.15 68.56 85.36
8/31/2012 95.89 72.22 89.53
9/30/2012 101.92 77.65 94.43
10/31/2012 94.40 76.46 90.84
11/30/2012 94.20 78.72 91.95
12/31/2012 100.48 82.77 93.70
1/31/2013 109.19 91.19 103.73
2/28/2013 105.21 91.16 106.49
3/31/2013 115.08 94.65 114.24
4/30/2013 118.03 100.21 118.37
5/31/2013 125.91 99.66 123.47
6/30/2013 126.74 93.83 120.47
7/31/2013 139.28 103.11 131.69
8/31/2013 141.75 98.88 124.98
9/30/2013 161.21 109.15 132.04
10/31/2013 159.91 117.55 142.70
11/30/2013 175.74 120.64 150.10
12/31/2013 182.05 124.44 156.43
1/31/2014 183.01 115.46 147.56
2/28/2014 198.23 125.87 158.89
3/31/2014 186.09 126.88 161.07
4/30/2014 171.97 129.04 162.99
5/31/2014 176.02 133.91 169.17
6/30/2014 185.75 138.31 174.73
7/31/2014 164.50 135.42 170.94
8/31/2014 179.86 140.62 181.78
9/30/2014 165.05 132.82 177.83
10/31/2014 168.75 134.46 184.61
11/30/2014 178.14 138.38 192.27
12/31/2014 172.30 133.78 191.53
1/31/2015 171.61 130.13 182.78
2/28/2015 184.39 142.94 199.03
3/31/2015 176.90 139.17 194.30
4/30/2015 171.95 146.11 197.13
5/31/2015 185.90 145.79 200.95
6/30/2015 190.78 140.00 195.12
7/31/2015 196.49 142.09 201.30
8/31/2015 175.66 125.49 183.13
9/30/2015 170.92 117.32 176.12
10/31/2015 183.43 134.38 199.41
11/30/2015 209.06 132.44 200.30
12/31/2015 210.23 128.25 195.57
1/31/2016 175.49 114.49 180.90
2/29/2016 169.68 113.01 180.52
3/31/2016 196.53 128.80 199.55
4/30/2016 208.71 132.17 200.71
5/31/2016 221.93 132.47 206.11
6/30/2016 208.09 131.06 206.90
7/31/2016 235.63 141.02 218.22
8/31/2016 241.09 141.83 218.67
9/30/2016 251.27 143.31 218.73
10/31/2016 226.49 139.18 212.91
11/30/2016 234.38 141.00 224.50
12/31/2016 243.42 146.20 230.92
1/31/2017 256.49 152.94 237.19
2/28/2017 271.79 160.03 250.58
3/31/2017 306.79 163.21 250.99
4/30/2017 312.99 167.31 254.59
5/31/2017 332.02 173.22 259.58
6/30/2017 328.44 174.46 261.83
7/31/2017 347.55 182.13 269.27
8/31/2017 340.46 183.21 270.40
9/30/2017 358.30 188.68 278.04
10/31/2017 365.31 194.68 286.86
11/30/2017 420.10 200.38 298.73
12/31/2017 423.79 205.22 303.16
1/31/2018 479.96 222.44 326.24
2/28/2018 462.62 208.90 310.53
3/31/2018 472.93 202.29 300.10
4/30/2018 446.95 205.18 301.63
5/31/2018 461.55 205.56 311.31
6/30/2018 435.18 203.90 313.84
7/31/2018 447.48 213.07 329.24
8/31/2018 481.42 215.53 343.23
9/30/2018 473.24 216.90 345.75
10/31/2018 378.17 193.15 315.28
11/30/2018 381.99 197.44 323.74
12/31/2018 329.03 176.49 285.48
1/31/2019 385.62 198.32 316.37
2/28/2019 398.09 206.30 329.74
3/31/2019 388.74 210.15 338.09

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.

$ per share as of 04/18/2019

Date 2014 2015 2016 2017 2018
Short Term 0.3151 0.1334 0.7251
Long Term 0.2496 3.1737 1.4556 4.8108
Total Amount of Distribution 0.2496 3.4888 1.5891 5.5358
Record Date 12/10/15 12/8/16 12/6/17 12/6/18
Ex Div Date 12/11/15 12/9/16 12/7/17 12/7/18
Pay Date 12/11/15 12/9/16 12/7/17 12/7/18

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

Portfolio

Top Issuers

(40.1% of assets as of 03/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Global Opportunities Fund MSCI ACWI
Overweight / Underweight
United States 48.3% 55.1% -6.8%
United Kingdom 11.2% 5.1% 6.1%
Japan 9.1% 7.2% 1.9%
Germany 5.6% 2.6% 3.0%
France 5.1% 3.4% 1.7%
Denmark 4.0% 0.5% 3.5%
Sweden 3.6% 0.8% 2.8%
Italy 2.8% 0.7% 2.1%
Spain 2.0% 0.9% 1.1%
Norway 1.9% 0.2% 1.7%
Belgium 1.5% 0.3% 1.1%
Finland 1.4% 0.3% 1.1%
Canada 0.5% 3.0% -2.5%
New Zealand 0.4% 0.1% 0.3%
Argentina 0.3% - -
Netherlands 0.3% 1.1% -0.8%
Portugal 0.3% 0.0% 0.3%
Developed Markets Global Opportunities Fund MSCI ACWI
Overweight / Underweight
Americas 48.8% 58.1% -9.3%
Europe 39.7% 19.0% 20.7%
Asia Pacific 9.5% 11.0% -1.5%
Emerging Markets Global Opportunities Fund MSCI ACWI
Overweight / Underweight
Americas 0.3% 1.4% -1.1%
Equity Sector Global Opportunities Fund MSCI ACWI
Overweight / Underweight
Information Technology 35.1% 15.7% 19.4%
Health Care 27.6% 11.7% 15.9%
Consumer Discretionary 11.2% 10.8% 0.4%
Industrials 11.1% 10.4% 0.7%
Communication Services 5.0% 8.7% -3.7%
Consumer Staples 3.0% 8.4% -5.4%
Materials 2.7% 4.9% -2.2%
Financials 1.6% 16.6% -15.0%
Real Estate 1.1% 3.3% -2.2%
Industry Global Opportunities Fund MSCI ACWI
Overweight / Underweight
Semiconductors & Semiconductor Equipment 15.7% 3.1% 12.5%
Biotechnology 10.2% 1.6% 8.6%
Software 9.1% 4.2% 4.9%
Pharmaceuticals 9.0% 5.3% 3.7%
Electronic Equipment Instruments & Components 7.0% 1.1% 5.9%
Health Care Equipment & Supplies 5.3% 2.3% 3.0%
Internet & Direct Marketing Retail 2.7% 2.9% -0.3%
Machinery 2.7% 1.7% 1.0%
Automobiles 2.2% 1.4% 0.8%
Household Durables 2.2% 0.6% 1.6%
Aerospace & Defense 2.0% 1.9% 0.1%
Food Products 1.9% 1.9% 0.0%
Interactive Media & Services 1.7% 3.4% -1.8%
Electrical Equipment 1.6% 0.7% 0.8%
Textiles Apparel & Luxury Goods 1.6% 1.3% 0.3%
Commercial Services & Supplies 1.6% 0.5% 1.2%
Media 1.5% 1.1% 0.4%
Life Sciences Tools & Services 1.5% 0.7% 0.9%
Chemicals 1.4% 2.4% -1.0%
IT Services 1.4% 3.4% -1.9%
Asset Allocation Global Opportunities Fund MSCI ACWI
Overweight / Underweight
Equity 98.3% 100.0% -1.7%
Net Cash and Equivalents 1.7% - -
Market Cap Global Opportunities Fund MSCI ACWI
Overweight / Underweight
Mid 47.5% 12.0% 35.5%
Small 27.8% 0.1% 27.7%
Large 23.0% 87.9% -65.0%
Analytics
(As of 03/31/2019)

Morningstar 03/31/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
121
Category
World Small/Mid Stock
Performance Statistics
3Y
5Y
Alpha
1.41
3.59
Beta
1.72
1.36
Information Ratio
0.55
0.37
R-Squared
69.61
59.01
Sharpe Ratio
0.85
0.61
Standard Deviation
20.69
19.63
Upside Capture
179.09
144.29
Downside Capture
191.48
127.86
Sortino Ratio
1.31
0.91
Tracking Error
13.54
13.21
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$12.34 B
$149.58 B
Median Market Cap (weighted)
$5.83 B
$53.93 B
P/E Ratio (NTM)
38.35
14.88
P/E Ratio (LTM)
21.67
16.75
Price/Book
3.56
2.43
Return on Equity
13.59%
18.51%
EPS Growth Rate 3Y
12.77%
11.59%
EPS Growth Rate 5Y
13.59%
9.19%
Sales Growth Rate 3Y
11.38%
-
Sales Growth Rate 5Y
11.08%
-
Turnover Ratio
21%
-
Active Share
98.05%
-
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
12/7/2018
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Distribution Sources
  • E
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. 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. Eurozone investments may be subject to volatility and liquidity issues. Investments in securities of growth companies may be volatile. 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. 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. Below-investment-grade (“high yield” or “junk”) bonds are more at risk of default and are subject to liquidity risk. Diversification does not guarantee profit or protect against loss.
  2. 2. 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.
  3. 3. The MSCI® ACWI is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. 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.
  4. 4. 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.
  5. 5. 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.
  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. 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.
  8. 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, 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.
  9. 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.
  10. E. There is no guarantee of the payment of any dividend or other distributions at any level.
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