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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 11/15/2018)
$62.39
Total Assets
(as of 10/31/2018)
$8.19 BN
Gross Expense Ratio
(as of 10/31/2018)
1.17%
Net Expense Ratio
(as of 10/31/2018)
1.17%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2018
  • 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 2018-10-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
-8.71% 2.77% 19.04% 12.97% 16.15% 11.89%
MSCI ACWI
-3.96% -0.52% 7.74% 6.15% 9.75% -
Cumulative
Annualized
ytd as of 2018-10-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (with sales charge)
-13.96% -3.14% 16.72% 11.64% 15.46% 11.65%
MSCI ACWI
-3.96% -0.52% 7.74% 6.15% 9.75% -
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
10/31/2008 0.00 0.00 0.00
11/30/2008 -10.97 -6.57 -7.18
12/31/2008 -5.48 -3.18 -6.19
1/31/2009 -12.11 -11.45 -14.09
2/28/2009 -17.16 -20.13 -23.24
3/31/2009 -6.58 -13.55 -16.52
4/30/2009 8.51 -3.34 -8.53
5/31/2009 27.18 6.29 -3.41
6/30/2009 25.11 5.70 -3.22
7/31/2009 31.32 15.00 4.10
8/31/2009 40.38 19.11 7.86
9/30/2009 52.12 24.58 11.88
10/31/2009 41.48 22.65 9.80
11/30/2009 54.43 27.70 16.39
12/31/2009 66.15 30.34 18.64
1/31/2010 61.66 24.71 14.37
2/28/2010 62.66 26.30 17.91
3/31/2010 75.07 34.42 25.03
4/30/2010 76.13 34.65 27.00
5/31/2010 63.84 21.88 16.86
6/30/2010 56.68 18.13 10.74
7/31/2010 69.27 27.74 18.50
8/31/2010 56.11 23.27 13.15
9/30/2010 74.32 35.07 23.25
10/31/2010 80.05 39.95 27.94
11/30/2010 75.44 36.83 27.96
12/31/2010 87.13 46.85 36.51
1/31/2011 84.87 49.16 39.75
2/28/2011 92.92 53.50 44.53
3/31/2011 90.72 53.35 44.59
4/30/2011 105.01 59.62 48.87
5/31/2011 102.18 56.19 47.19
6/30/2011 94.44 53.73 44.73
7/31/2011 89.71 51.23 41.79
8/31/2011 84.81 40.18 34.09
9/30/2011 64.98 26.95 24.66
10/31/2011 80.02 40.55 38.29
11/30/2011 72.28 36.34 37.98
12/31/2011 69.84 36.06 39.39
1/31/2012 85.04 43.98 45.64
2/29/2012 94.91 51.22 51.94
3/31/2012 100.86 52.22 56.94
4/30/2012 92.44 50.48 55.95
5/31/2012 73.52 36.99 46.58
6/30/2012 81.75 43.76 52.62
7/31/2012 78.58 45.73 54.74
8/31/2012 83.01 48.89 58.22
9/30/2012 88.65 53.58 62.31
10/31/2012 81.62 52.56 59.32
11/30/2012 81.43 54.51 60.24
12/31/2012 87.30 58.01 61.70
1/31/2013 95.43 65.29 70.08
2/28/2013 91.72 65.26 72.38
3/31/2013 100.94 68.29 78.85
4/30/2013 103.70 73.09 82.30
5/31/2013 111.06 72.62 86.56
6/30/2013 111.83 67.57 84.05
7/31/2013 123.55 75.60 93.42
8/31/2013 125.85 71.94 87.82
9/30/2013 144.04 80.82 93.71
10/31/2013 142.82 88.08 102.61
11/30/2013 157.61 90.75 108.79
12/31/2013 163.50 94.04 114.07
1/31/2014 164.40 86.28 106.67
2/28/2014 178.62 95.28 116.13
3/31/2014 167.28 96.14 117.94
4/30/2014 154.09 98.01 119.55
5/31/2014 157.87 102.22 124.71
6/30/2014 166.96 106.03 129.35
7/31/2014 147.11 103.53 126.19
8/31/2014 161.46 108.03 135.23
9/30/2014 147.62 101.28 131.94
10/31/2014 151.08 102.70 137.60
11/30/2014 159.85 106.09 143.99
12/31/2014 154.39 102.11 143.38
1/31/2015 153.75 98.95 136.07
2/28/2015 165.69 110.03 149.64
3/31/2015 158.69 106.77 145.69
4/30/2015 154.07 112.77 148.05
5/31/2015 167.10 112.50 151.24
6/30/2015 171.66 107.49 146.37
7/31/2015 176.99 109.30 151.53
8/31/2015 157.54 94.95 136.36
9/30/2015 153.11 87.89 130.51
10/31/2015 164.79 102.63 149.95
11/30/2015 188.74 100.96 150.70
12/31/2015 189.83 97.33 146.74
1/31/2016 157.38 85.43 134.50
2/29/2016 151.95 84.16 134.18
3/31/2016 177.03 97.80 150.07
4/30/2016 188.41 100.72 151.04
5/31/2016 200.76 100.98 155.55
6/30/2016 187.83 99.76 156.21
7/31/2016 213.56 108.37 165.66
8/31/2016 218.67 109.07 166.03
9/30/2016 228.17 110.35 166.08
10/31/2016 205.02 106.78 161.23
11/30/2016 212.40 108.35 170.90
12/31/2016 220.84 112.85 176.25
1/31/2017 233.05 118.67 181.49
2/28/2017 247.34 124.81 192.67
3/31/2017 280.05 127.56 193.01
4/30/2017 285.83 131.10 196.02
5/31/2017 303.62 136.21 200.19
6/30/2017 300.27 137.28 202.06
7/31/2017 318.12 143.91 208.27
8/31/2017 311.49 144.85 209.22
9/30/2017 328.16 149.58 215.59
10/31/2017 334.72 154.76 222.96
11/30/2017 385.90 159.69 232.86
12/31/2017 389.35 163.88 236.56
1/31/2018 441.83 178.77 255.83
2/28/2018 425.62 167.06 242.72
3/31/2018 435.26 161.34 234.01
4/30/2018 410.99 163.84 235.29
5/31/2018 424.62 164.17 243.37
6/30/2018 399.99 162.74 245.48
7/31/2018 411.49 170.66 258.34
8/31/2018 443.19 172.79 270.01
9/30/2018 435.55 173.97 272.12
10/31/2018 346.73 153.44 246.68

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 11/16/2018

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

(36.0% of assets as of 10/31/2018)


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 36.6% 55.6% -19.0%
United Kingdom 13.5% 5.3% 8.2%
Japan 9.5% 7.5% 2.0%
Germany 6.6% 2.8% 3.9%
France 5.5% 3.4% 2.2%
Denmark 4.2% 0.5% 3.7%
Sweden 3.6% 0.8% 2.8%
Italy 2.6% 0.7% 1.9%
Spain 2.3% 0.9% 1.4%
Norway 1.9% 0.2% 1.7%
Belgium 1.4% 0.3% 1.1%
Finland 1.2% 0.3% 0.9%
Canada 0.5% 2.9% -2.5%
China 0.5% 3.3% -2.8%
Netherlands 0.4% 1.0% -0.6%
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
Europe 43.7% 19.3% 24.5%
Americas 37.0% 58.5% -21.5%
Asia Pacific 9.8% 11.1% -1.2%
Emerging Markets Global Opportunities Fund MSCI ACWI Overweight / Underweight
Asia Pacific 0.5% 7.9% -7.5%
Americas 0.2% 1.4% -1.2%
Equity Sector Global Opportunities Fund MSCI ACWI Overweight / Underweight
Information Technology 31.1% 15.5% 15.6%
Health Care 25.2% 12.0% 13.3%
Consumer Discretionary 13.9% 10.2% 3.8%
Industrials 10.7% 10.4% 0.3%
Communication Services 6.1% 8.8% -2.7%
Materials 3.5% 4.9% -1.4%
Consumer Staples 3.3% 8.4% -5.0%
Financials 1.8% 17.3% -15.6%
Real Estate 1.1% 3.0% -1.9%
Broad Market -5.5% - -
Industry Global Opportunities Fund MSCI ACWI Overweight / Underweight
Semiconductors & Semiconductor Equipment 12.8% 3.0% 9.7%
Software 8.2% 3.8% 4.3%
Pharmaceuticals 8.1% 5.3% 2.8%
Biotechnology 7.7% 1.7% 5.9%
Electronic Equipment Instruments & Components 6.6% 1.0% 5.5%
Health Care Equipment & Supplies 4.8% 2.2% 2.6%
Internet & Direct Marketing Retail 4.2% 2.4% 1.8%
Life Sciences Tools & Services 3.4% 0.6% 2.8%
Automobiles 2.9% 1.6% 1.4%
Entertainment 2.7% 1.4% 1.3%
Machinery 2.5% 1.7% 0.8%
Chemicals 2.4% 2.5% -0.1%
Household Durables 2.2% 0.6% 1.6%
Electrical Equipment 2.1% 0.7% 1.4%
Food Products 2.0% 1.9% 0.2%
Aerospace & Defense 1.8% 1.9% -0.1%
Hotels Restaurants & Leisure 1.6% 1.6% 0.0%
Textiles Apparel & Luxury Goods 1.6% 1.2% 0.4%
Commercial Services & Supplies 1.5% 0.4% 1.0%
IT Services 1.5% 3.1% -1.7%
Asset Allocation Global Opportunities Fund MSCI ACWI Overweight / Underweight
Equity 91.3% 100.0% -8.7%
Net Cash and Equivalents 8.7% - -
Market Cap Global Opportunities Fund MSCI ACWI Overweight / Underweight
Mid 51.5% 14.0% 37.6%
Small 30.3% 0.1% 30.2%
Large 14.9% 85.7% -70.8%
Analytics
(As of 10/31/2018)

Morningstar 10/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
111
Category
World Small/Mid Stock
Performance Statistics
3Y
5Y
Alpha
7.10
5.85
Beta
1.66
1.27
Information Ratio
0.79
0.52
R-Squared
61.82
50.87
Sharpe Ratio
0.90
0.73
Standard Deviation
20.67
18.39
Upside Capture
191.56
146.85
Downside Capture
152.09
113.54
Sortino Ratio
1.39
1.10
Tracking Error
14.35
13.20
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$11.57 B
$146.25 B
Median Market Cap (weighted)
$5.72 B
$53.57 B
P/E Ratio (NTM)
28.46
13.98
P/E Ratio (LTM)
19.96
16.38
Price/Book
3.70
2.31
Return on Equity
10.58%
16.57%
EPS Growth Rate 3Y
12.80%
9.65%
EPS Growth Rate 5Y
13.95%
8.15%
Sales Growth Rate 3Y
8.13%
-
Sales Growth Rate 5Y
9.19%
-
Turnover Ratio
18%
-
Active Share
97.74%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/7/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$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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