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OPGIX

Global Opportunities Fund

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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
  • A
(as of 06/15/2018)
$73.58
Total Assets
(as of 05/31/2018)
$9.37 BN
Gross Expense Ratio
(as of 05/31/2018)
1.17%
Net Expense Ratio
(as of 05/31/2018)
1.17%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 05/31/2018
  • B
as of 03/31/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
9.38% 40.85% 27.43% 21.65% 13.83% 12.90%
MSCI ACWI
-0.96% 14.85% 8.12% 9.20% 5.57% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (with sales charge)
3.09% 32.75% 24.94% 20.21% 13.16% 12.65%
MSCI ACWI
-0.96% 14.85% 8.12% 9.20% 5.57% -
Cumulative
Annualized
ytd as of 2018-05-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
7.21% 29.98% 25.23% 19.97% 12.93% 12.73%
MSCI ACWI
0.11% 11.84% 7.52% 8.88% 4.95% -
Cumulative
Annualized
ytd as of 2018-05-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (with sales charge)
1.04% 22.51% 22.79% 18.56% 12.26% 12.49%
MSCI ACWI
0.11% 11.84% 7.52% 8.88% 4.95% -
Gross Expense Ratio: 1.17% | Net Expense Ratio: 1.17%

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%

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
5/31/2008 0.00 0.00 0.00
6/30/2008 -10.26 -8.21 -8.43
7/31/2008 -11.73 -10.59 -9.20
8/31/2008 -8.01 -12.52 -7.89
9/30/2008 -20.75 -23.45 -16.09
10/31/2008 -35.72 -38.62 -30.19
11/30/2008 -42.77 -42.65 -35.20
12/31/2008 -39.24 -40.58 -34.51
1/31/2009 -43.50 -45.65 -40.03
2/28/2009 -46.75 -50.97 -46.41
3/31/2009 -39.94 -46.94 -41.72
4/30/2009 -30.25 -40.67 -36.14
5/31/2009 -18.24 -34.76 -32.57
6/30/2009 -19.57 -35.13 -32.43
7/31/2009 -15.58 -29.42 -27.32
8/31/2009 -9.76 -26.89 -24.70
9/30/2009 -2.21 -23.54 -21.89
10/31/2009 -9.05 -24.72 -23.34
11/30/2009 -0.73 -21.62 -18.74
12/31/2009 6.81 -20.00 -17.17
1/31/2010 3.92 -23.46 -20.15
2/28/2010 4.56 -22.48 -17.68
3/31/2010 12.54 -17.50 -12.71
4/30/2010 13.22 -17.36 -11.33
5/31/2010 5.33 -25.19 -18.41
6/30/2010 0.72 -27.50 -22.69
7/31/2010 8.81 -21.60 -17.27
8/31/2010 0.36 -24.34 -21.00
9/30/2010 12.06 -17.10 -13.95
10/31/2010 15.75 -14.10 -10.68
11/30/2010 12.78 -16.01 -10.67
12/31/2010 20.30 -9.86 -4.70
1/31/2011 18.84 -8.45 -2.44
2/28/2011 24.02 -5.78 0.90
3/31/2011 22.60 -5.88 0.94
4/30/2011 31.79 -2.03 3.93
5/31/2011 29.97 -4.13 2.76
6/30/2011 24.99 -5.64 1.04
7/31/2011 21.96 -7.18 -1.01
8/31/2011 18.80 -13.96 -6.39
9/30/2011 6.05 -22.08 -12.97
10/31/2011 15.72 -13.74 -3.46
11/30/2011 10.75 -16.32 -3.67
12/31/2011 9.18 -16.49 -2.68
1/31/2012 18.95 -11.63 1.68
2/29/2012 25.30 -7.18 6.07
3/31/2012 29.12 -6.57 9.56
4/30/2012 23.71 -7.64 8.88
5/31/2012 11.54 -15.92 2.33
6/30/2012 16.83 -11.77 6.55
7/31/2012 14.80 -10.56 8.03
8/31/2012 17.65 -8.61 10.46
9/30/2012 21.27 -5.73 13.32
10/31/2012 16.75 -6.36 11.22
11/30/2012 16.63 -5.16 11.87
12/31/2012 20.40 -3.02 12.89
1/31/2013 25.63 1.45 18.74
2/28/2013 23.24 1.43 20.35
3/31/2013 29.17 3.29 24.86
4/30/2013 30.94 6.24 27.27
5/31/2013 35.68 5.95 30.24
6/30/2013 36.17 2.85 28.50
7/31/2013 43.70 7.78 35.03
8/31/2013 45.19 5.53 31.12
9/30/2013 56.88 10.98 35.23
10/31/2013 56.09 15.44 41.45
11/30/2013 65.60 17.08 45.76
12/31/2013 69.39 19.10 49.45
1/31/2014 69.97 14.33 44.28
2/28/2014 79.10 19.86 50.88
3/31/2014 71.82 20.39 52.15
4/30/2014 63.34 21.53 53.28
5/31/2014 65.77 24.12 56.88
6/30/2014 71.61 26.46 60.12
7/31/2014 58.85 24.92 57.91
8/31/2014 68.07 27.68 64.23
9/30/2014 59.18 23.54 61.92
10/31/2014 61.40 24.41 65.88
11/30/2014 67.04 26.49 70.34
12/31/2014 63.53 24.05 69.91
1/31/2015 63.12 22.11 64.81
2/28/2015 70.80 28.91 74.28
3/31/2015 66.30 26.91 71.52
4/30/2015 63.33 30.60 73.17
5/31/2015 71.70 30.43 75.40
6/30/2015 74.63 27.35 72.00
7/31/2015 78.06 28.46 75.61
8/31/2015 65.55 19.65 65.01
9/30/2015 62.71 15.32 60.93
10/31/2015 70.22 24.37 74.50
11/30/2015 85.61 23.34 75.02
12/31/2015 86.31 21.12 72.26
1/31/2016 65.45 13.81 63.71
2/29/2016 61.96 13.03 63.49
3/31/2016 78.08 21.41 74.58
4/30/2016 85.40 23.20 75.26
5/31/2016 93.34 23.36 78.41
6/30/2016 85.03 22.61 78.87
7/31/2016 101.57 27.89 85.46
8/31/2016 104.85 28.32 85.72
9/30/2016 110.96 29.11 85.76
10/31/2016 96.08 26.92 82.37
11/30/2016 100.82 27.88 89.12
12/31/2016 106.25 30.64 92.86
1/31/2017 114.09 34.22 96.52
2/28/2017 123.28 37.98 104.32
3/31/2017 144.31 39.67 104.56
4/30/2017 148.03 41.85 106.66
5/31/2017 159.46 44.98 109.57
6/30/2017 157.31 45.64 110.88
7/31/2017 168.78 49.71 115.22
8/31/2017 164.52 50.28 115.87
9/30/2017 175.24 53.19 120.33
10/31/2017 179.45 56.37 125.47
11/30/2017 212.35 59.39 132.38
12/31/2017 214.57 61.96 134.97
1/31/2018 248.31 71.10 148.42
2/28/2018 237.89 63.91 139.26
3/31/2018 244.08 60.41 133.18
4/30/2018 228.48 61.94 134.08
5/31/2018 237.25 62.14 139.72

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 06/17/2018

Date 2013 2014 2015 2016 2017
Short Term 0.3151 0.1334
Long Term 0.2496 3.1737 1.4556
Total Amount of Distribution 0.2496 3.4888 1.5891
Record Date 12/10/15 12/8/16 12/6/17
Ex Div Date 12/11/15 12/9/16 12/7/17
Pay Date 12/11/15 12/9/16 12/7/17

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

Portfolio

Top Issuers

(36.3% of assets as of 05/31/2018)


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 35.4% 53.2% -17.9%
Japan 12.0% 7.9% 4.1%
United Kingdom 10.5% 5.8% 4.7%
Germany 7.0% 3.1% 3.9%
France 5.3% 3.5% 1.8%
Denmark 4.5% 0.5% 4.0%
Italy 2.7% 0.7% 1.9%
Spain 2.2% 0.9% 1.2%
Sweden 1.8% 0.8% 0.9%
Norway 1.6% 0.2% 1.4%
Belgium 1.5% 0.3% 1.2%
Finland 1.4% 0.3% 1.1%
Israel 0.9% 0.2% 0.7%
China 0.7% 3.7% -3.0%
Canada 0.5% 3.1% -2.6%
New Zealand 0.3% 0.1% 0.2%
Portugal 0.3% 0.0% 0.3%
Argentina 0.2% - -
Developed Markets Global Opportunities Fund MSCI ACWI Overweight / Underweight
Europe 38.9% 20.2% 18.7%
Americas 35.9% 56.3% -20.5%
Asia Pacific 12.3% 11.7% 0.6%
Middle East 0.9% 0.2% 0.7%
Emerging Markets Global Opportunities Fund MSCI ACWI Overweight / Underweight
Asia Pacific 0.7% 8.7% -8.1%
Americas 0.2% 1.3% -1.1%
Equity Sector Global Opportunities Fund MSCI ACWI Overweight / Underweight
Information Technology 34.7% 19.7% 15.1%
Health Care 25.3% 10.8% 14.5%
Consumer Discretionary 13.9% 12.4% 1.5%
Industrials 11.6% 10.7% 0.9%
Consumer Staples 3.9% 7.9% -3.9%
Materials 3.2% 5.4% -2.2%
Financials 1.8% 17.8% -16.0%
Real Estate 0.8% 3.0% -2.1%
Telecommunication Services 0.7% 2.7% -2.1%
Broad Market -7.3% - -
Industry Global Opportunities Fund MSCI ACWI Overweight / Underweight
Semiconductors & Semiconductor Equipment 13.0% 3.4% 9.6%
Pharmaceuticals 10.4% 4.7% 5.8%
Software 9.7% 3.9% 5.8%
Electronic Equipment Instruments & Components 6.1% 1.1% 5.0%
Biotechnology 6.0% 1.8% 4.3%
Health Care Equipment & Supplies 4.5% 2.0% 2.5%
Machinery 3.5% 1.8% 1.7%
Internet & Direct Marketing Retail 3.3% 2.2% 1.1%
Life Sciences Tools & Services 3.1% 0.5% 2.6%
Household Durables 2.6% 0.7% 1.9%
Electrical Equipment 2.3% 0.8% 1.5%
Aerospace & Defense 2.2% 1.9% 0.2%
Chemicals 2.2% 2.8% -0.6%
Internet Software & Services 2.1% 4.3% -2.1%
IT Services 1.9% 3.0% -1.0%
Hotels Restaurants & Leisure 1.8% 1.7% 0.1%
Textiles Apparel & Luxury Goods 1.8% 1.2% 0.6%
Personal Products 1.7% 0.9% 0.8%
Capital Markets 1.5% 2.7% -1.2%
Media 1.5% 2.0% -0.4%
Asset Allocation Global Opportunities Fund MSCI ACWI Overweight / Underweight
Equity 88.8% 100.0% -11.2%
Net Cash and Equivalents 11.2% - -
Market Cap Global Opportunities Fund MSCI ACWI Overweight / Underweight
Mid 49.9% 11.5% 38.4%
Small 26.6% 0.1% 26.4%
Large 19.6% 88.4% -68.8%
Analytics
(As of 05/31/2018)

Morningstar 05/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
110
Category
World Small/Mid Stock
Performance Statistics
3Y
5Y
Alpha
15.08
10.09
Beta
1.19
1.06
Information Ratio
1.40
0.90
R-Squared
51.19
43.99
Sharpe Ratio
1.32
1.17
Standard Deviation
17.89
16.49
Upside Capture
175.45
138.06
Downside Capture
80.29
73.08
Sortino Ratio
0.70
0.60
Tracking Error
12.65
12.34
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/7/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$13.40 B
$139.30 B
Median Market Cap (weighted)
$7.10 B
$55.00 B
P/E Ratio (NTM)
30.55
15.01
P/E Ratio (LTM)
29.96
18.12
Price/Book
4.62
2.38
Return on Equity
11.67%
16.27%
EPS Growth Rate 3Y
12.41%
9.60%
EPS Growth Rate 5Y
13.49%
7.98%
Sales Growth Rate 3Y
8.58%
-
Sales Growth Rate 5Y
8.94%
-
Turnover Ratio
18%
-
Active Share
97.37%
-
Distribution Sources
  • D
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. Special Risks: 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. Access index definitions.
  4. 4. 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.
  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. 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.
  7. 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.
  8. 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.
  9. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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