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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 12/13/2018)
$54.30
Total Assets
(as of 11/30/2018)
$8.17 BN
Gross Expense Ratio
(as of 11/30/2018)
1.13%
Net Expense Ratio
(as of 11/30/2018)
1.13%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 11/30/2018
  • B
as of 09/30/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
9.44% 25.09% 28.38% 17.02% 15.82% 12.65%
MSCI ACWI
3.83% 9.77% 13.40% 8.67% 8.19% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (with sales charge)
3.15% 17.89% 25.87% 15.64% 15.14% 12.42%
MSCI ACWI
3.83% 9.77% 13.40% 8.67% 8.19% -
Cumulative
Annualized
ytd as of 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
-7.98% -7.33% 15.97% 11.82% 17.60% 11.88%
MSCI ACWI
-2.55% -0.98% 8.57% 6.16% 10.65% -
Cumulative
Annualized
ytd as of 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (with sales charge)
-13.27% -12.65% 13.70% 10.50% 16.90% 11.65%
MSCI ACWI
-2.55% -0.98% 8.57% 6.16% 10.65% -
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%

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
11/30/2008 0.00 0.00 0.00
12/31/2008 6.17 3.62 1.06
1/31/2009 -1.28 -5.23 -7.45
2/28/2009 -6.95 -14.51 -17.31
3/31/2009 4.94 -7.47 -10.06
4/30/2009 21.88 3.46 -1.46
5/31/2009 42.86 13.76 4.05
6/30/2009 40.54 13.13 4.26
7/31/2009 47.50 23.09 12.15
8/31/2009 57.68 27.49 16.20
9/30/2009 70.87 33.34 20.53
10/31/2009 58.91 31.28 18.29
11/30/2009 73.47 36.67 25.39
12/31/2009 86.63 39.50 27.81
1/31/2010 81.59 33.48 23.21
2/28/2010 82.71 35.18 27.03
3/31/2010 96.65 43.87 34.69
4/30/2010 97.84 44.12 36.82
5/31/2010 84.04 30.45 25.90
6/30/2010 75.99 26.43 19.31
7/31/2010 90.13 36.72 27.66
8/31/2010 75.36 31.94 21.90
9/30/2010 95.81 44.56 32.78
10/31/2010 102.25 49.79 37.83
11/30/2010 97.07 46.46 37.85
12/31/2010 110.20 57.18 47.06
1/31/2011 107.66 59.65 50.55
2/28/2011 116.71 64.30 55.71
3/31/2011 114.23 64.13 55.77
4/30/2011 130.28 70.85 60.38
5/31/2011 127.10 67.17 58.57
6/30/2011 118.40 64.54 55.92
7/31/2011 113.10 61.86 52.75
8/31/2011 107.59 50.04 44.45
9/30/2011 85.31 35.87 34.30
10/31/2011 102.21 50.43 48.98
11/30/2011 93.52 45.93 48.65
12/31/2011 90.78 45.63 50.17
1/31/2012 107.85 54.10 56.90
2/29/2012 118.94 61.85 63.68
3/31/2012 125.62 62.93 69.07
4/30/2012 116.17 61.06 68.01
5/31/2012 94.90 46.62 57.91
6/30/2012 104.15 53.87 64.42
7/31/2012 100.59 55.97 66.70
8/31/2012 105.57 59.36 70.46
9/30/2012 111.90 64.38 74.86
10/31/2012 104.01 63.29 71.63
11/30/2012 103.79 65.38 72.63
12/31/2012 110.39 69.12 74.20
1/31/2013 119.53 76.91 83.22
2/28/2013 115.35 76.88 85.71
3/31/2013 125.71 80.12 92.68
4/30/2013 128.80 85.26 96.39
5/31/2013 137.08 84.76 100.98
6/30/2013 137.94 79.36 98.28
7/31/2013 151.10 87.94 108.37
8/31/2013 153.69 84.03 102.34
9/30/2013 174.12 93.53 108.68
10/31/2013 172.75 101.31 118.27
11/30/2013 189.37 104.16 124.93
12/31/2013 195.99 107.68 130.62
1/31/2014 196.99 99.38 122.65
2/28/2014 212.96 109.01 132.83
3/31/2014 200.23 109.94 134.79
4/30/2014 185.41 111.93 136.52
5/31/2014 189.66 116.44 142.08
6/30/2014 199.87 120.52 147.08
7/31/2014 177.57 117.84 143.67
8/31/2014 193.68 122.66 153.42
9/30/2014 178.15 115.43 149.86
10/31/2014 182.03 116.95 155.97
11/30/2014 191.89 120.58 162.85
12/31/2014 185.75 116.32 162.19
1/31/2015 185.03 112.94 154.32
2/28/2015 198.44 124.80 168.93
3/31/2015 190.58 121.31 164.68
4/30/2015 185.39 127.74 167.22
5/31/2015 200.03 127.44 170.66
6/30/2015 205.15 122.08 165.42
7/31/2015 211.14 124.01 170.98
8/31/2015 189.28 108.66 154.63
9/30/2015 184.31 101.10 148.33
10/31/2015 197.43 116.88 169.28
11/30/2015 224.33 115.09 170.08
12/31/2015 225.56 111.21 165.82
1/31/2016 189.10 98.47 152.63
2/29/2016 183.00 97.11 152.29
3/31/2016 211.18 111.71 169.40
4/30/2016 223.96 114.84 170.44
5/31/2016 237.83 115.11 175.30
6/30/2016 223.31 113.81 176.01
7/31/2016 252.21 123.02 186.19
8/31/2016 257.95 123.77 186.59
9/30/2016 268.62 125.14 186.65
10/31/2016 242.62 121.32 181.42
11/30/2016 250.90 123.00 191.84
12/31/2016 260.39 127.82 197.61
1/31/2017 274.10 134.05 203.25
2/28/2017 290.16 140.62 215.29
3/31/2017 326.89 143.56 215.66
4/30/2017 333.39 147.35 218.90
5/31/2017 353.37 152.82 223.39
6/30/2017 349.61 153.97 225.41
7/31/2017 369.66 161.06 232.10
8/31/2017 362.22 162.06 233.12
9/30/2017 380.94 167.13 239.99
10/31/2017 388.30 172.67 247.92
11/30/2017 445.79 177.95 258.59
12/31/2017 449.67 182.43 262.58
1/31/2018 508.62 198.37 283.34
2/28/2018 490.41 185.84 269.21
3/31/2018 501.24 179.72 259.83
4/30/2018 473.97 182.39 261.21
5/31/2018 489.29 182.74 269.91
6/30/2018 461.62 181.21 272.19
7/31/2018 474.53 189.69 286.04
8/31/2018 510.14 191.97 298.61
9/30/2018 501.56 193.24 300.88
10/31/2018 401.79 171.26 273.48
11/30/2018 405.80 175.23 281.09

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 12/14/2018

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

(39.1% of assets as of 11/30/2018)


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 42.5% 55.7% -13.2%
United Kingdom 12.4% 5.2% 7.2%
Japan 10.1% 7.4% 2.7%
Germany 6.5% 2.7% 3.9%
France 5.2% 3.3% 1.9%
Denmark 4.1% 0.5% 3.6%
Sweden 3.8% 0.8% 3.0%
Italy 2.5% 0.7% 1.8%
Norway 1.9% 0.2% 1.7%
Spain 1.9% 0.9% 1.0%
Finland 1.4% 0.3% 1.1%
Belgium 1.4% 0.3% 1.1%
Netherlands 0.4% 1.0% -0.7%
Canada 0.4% 2.9% -2.5%
China 0.4% 3.5% -3.1%
New Zealand 0.3% 0.1% 0.3%
Portugal 0.3% 0.0% 0.3%
Argentina 0.2% - -
Developed Markets Global Opportunities Fund MSCI ACWI Overweight / Underweight
Americas 42.9% 58.7% -15.8%
Europe 42.0% 18.8% 23.1%
Asia Pacific 10.5% 11.1% -0.6%
Emerging Markets Global Opportunities Fund MSCI ACWI Overweight / Underweight
Asia Pacific 0.4% 8.3% -7.8%
Americas 0.2% 1.4% -1.1%
Equity Sector Global Opportunities Fund MSCI ACWI Overweight / Underweight
Information Technology 31.8% 15.0% 16.8%
Health Care 27.3% 12.4% 15.0%
Consumer Discretionary 13.3% 10.3% 3.0%
Industrials 11.1% 10.4% 0.6%
Communication Services 6.0% 8.9% -2.9%
Materials 3.5% 4.8% -1.3%
Consumer Staples 3.3% 8.3% -5.0%
Financials 1.8% 17.5% -15.6%
Real Estate 1.1% 3.1% -2.0%
Broad Market -3.2% - -
Industry Global Opportunities Fund MSCI ACWI Overweight / Underweight
Semiconductors & Semiconductor Equipment 13.6% 3.0% 10.6%
Pharmaceuticals 9.7% 5.5% 4.2%
Biotechnology 8.5% 1.9% 6.7%
Software 8.3% 3.9% 4.4%
Electronic Equipment Instruments & Components 6.9% 1.0% 5.8%
Health Care Equipment & Supplies 4.5% 2.3% 2.3%
Internet & Direct Marketing Retail 3.8% 2.5% 1.3%
Life Sciences Tools & Services 3.2% 0.6% 2.5%
Entertainment 2.7% 1.3% 1.3%
Automobiles 2.7% 1.6% 1.1%
Machinery 2.7% 1.7% 1.0%
Household Durables 2.3% 0.6% 1.7%
Chemicals 2.3% 2.5% -0.2%
Food Products 2.0% 1.9% 0.2%
Electrical Equipment 2.0% 0.8% 1.3%
Aerospace & Defense 1.8% 1.8% 0.0%
Commercial Services & Supplies 1.6% 0.5% 1.1%
Hotels Restaurants & Leisure 1.6% 1.7% 0.0%
Media 1.5% 1.3% 0.2%
Textiles Apparel & Luxury Goods 1.5% 1.1% 0.4%
Asset Allocation Global Opportunities Fund MSCI ACWI Overweight / Underweight
Equity 96.0% 100.0% -4.0%
Net Cash and Equivalents 4.0% - -
Market Cap Global Opportunities Fund MSCI ACWI Overweight / Underweight
Mid 48.7% 11.8% 36.9%
Small 26.9% 0.1% 26.8%
Large 23.6% 88.1% -64.4%
Analytics
(As of 11/30/2018)

Morningstar 11/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
107
Category
World Small/Mid Stock
Performance Statistics
3Y
5Y
Alpha
2.75
4.84
Beta
1.71
1.26
Information Ratio
0.55
0.43
R-Squared
68.11
50.91
Sharpe Ratio
0.79
0.67
Standard Deviation
20.20
18.26
Upside Capture
187.55
140.52
Downside Capture
189.11
113.54
Sortino Ratio
1.18
1.01
Tracking Error
13.37
13.08
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$11.41 B
$142.84 B
Median Market Cap (weighted)
$5.94 B
$54.76 B
P/E Ratio (NTM)
31.77
14.11
P/E Ratio (LTM)
20.05
16.44
Price/Book
3.72
2.34
Return on Equity
10.33%
16.52%
EPS Growth Rate 3Y
11.08%
10.17%
EPS Growth Rate 5Y
14.47%
8.16%
Sales Growth Rate 3Y
7.89%
-
Sales Growth Rate 5Y
9.69%
-
Turnover Ratio
21%
-
Active Share
97.86%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/7/2018
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
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. 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. 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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