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OGUAX

Global Unconstrained Bond Fund

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Overview

The Strategy typically invests in a strategic mix of global fixed income sectors to seek total return while targeting volatility.

Inception Date
January 26, 2018
Investment Style
Unconstrained Bond
Fund Index
Bloomberg Barclays Gbl Agg Hdgd Index
CUSIP
683969877
NAV
  • B
(as of 03/22/2019)
$9.39
Total Assets
(as of 02/28/2019)
$9.90 MM
Gross Expense Ratio
(as of 02/28/2019)
1.45%
Net Expense Ratio
(as of 02/28/2019)
1.14%
Performance
Average Annual Total Returns
Cumulative Returns
Capital Gains Distributions
as of 02/28/2019
  • C
as of 12/31/2018
  • C

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • C
Cumulative
1 mo 3 mo ytd as of 2018-12-31
  • D
since inception
Global Unconstrained Bond Fund (NAV)
0.33% 0.60% - -4.73%
Bloomberg Barclays Gbl Agg Hdgd Index
1.44% 1.74% - 2.33%
Cumulative
1 mo 3 mo ytd as of 2018-12-31
  • D
since inception
Global Unconstrained Bond Fund (with sales charge)
-4.44% -4.18% - -9.25%
Bloomberg Barclays Gbl Agg Hdgd Index
1.44% 1.74% - 2.33%
Cumulative
Annualized
1 mo 3 mo ytd as of 2019-02-28
  • D
1 yr since inception
Global Unconstrained Bond Fund (NAV)
0.70% 3.91% 3.57% -0.52% -1.21%
Bloomberg Barclays Gbl Agg Hdgd Index
0.12% 2.64% 1.18% 3.94% 3.24%
Cumulative
Annualized
1 mo 3 mo ytd as of 2019-02-28
  • D
1 yr since inception
Global Unconstrained Bond Fund (with sales charge)
-4.09% -1.02% -1.35% -5.25% -5.54%
Bloomberg Barclays Gbl Agg Hdgd Index
0.12% 2.64% 1.18% 3.94% 3.24%
Gross Expense Ratio: 1.45% | Net Expense Ratio: 1.14%

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 4.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.


Year Global Unconstrained Bond Fund

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 4.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.


Date Global Unconstrained Bond Fund Bloomberg Barclays Global-Aggregate Total Return Hedged
2/28/2018 0.00 0.00
3/1/2018 0.03 0.18
3/2/2018 0.15 0.03
3/5/2018 0.17 0.02
3/6/2018 0.27 -0.02
3/7/2018 0.18 0.00
3/8/2018 0.09 0.10
3/9/2018 0.22 0.00
3/12/2018 0.23 0.10
3/13/2018 0.34 0.18
3/14/2018 0.45 0.32
3/15/2018 0.26 0.33
3/16/2018 0.28 0.32
3/19/2018 0.19 0.36
3/20/2018 0.00 0.26
3/21/2018 0.21 0.17
3/22/2018 0.13 0.47
3/23/2018 0.06 0.47
3/26/2018 0.18 0.45
3/27/2018 0.29 0.64
3/28/2018 0.41 0.70
3/29/2018 0.64 0.83
4/2/2018 0.56 0.86
4/3/2018 0.47 0.75
4/4/2018 0.48 0.77
4/5/2018 0.49 0.61
4/6/2018 0.72 0.77
4/9/2018 0.33 0.78
4/10/2018 0.04 0.72
4/11/2018 -0.05 0.82
4/12/2018 0.13 0.68
4/13/2018 -0.04 0.71
4/16/2018 0.08 0.69
4/17/2018 0.09 0.78
4/18/2018 0.20 0.67
4/19/2018 0.22 0.41
4/20/2018 -0.06 0.29
4/23/2018 -0.35 0.20
4/24/2018 -0.34 0.17
4/25/2018 -0.63 0.06
4/26/2018 -0.73 0.22
4/27/2018 -0.49 0.38
4/30/2018 -0.67 0.45
5/1/2018 -0.75 0.39
5/2/2018 -0.94 0.35
5/3/2018 -1.13 0.47
5/4/2018 -1.11 0.44
5/7/2018 -1.39 0.45
5/8/2018 -1.79 0.34
5/9/2018 -1.88 0.26
5/10/2018 -1.31 0.37
5/11/2018 -1.28 0.39
5/14/2018 -1.37 0.29
5/15/2018 -1.77 0.01
5/16/2018 -1.86 -0.03
5/17/2018 -1.95 -0.14
5/18/2018 -2.43 0.00
5/21/2018 -2.62 0.01
5/22/2018 -2.40 0.01
5/23/2018 -2.36 0.23
5/24/2018 -2.35 0.38
5/25/2018 -2.72 0.54
5/29/2018 -3.42 0.89
5/30/2018 -3.21 0.71
5/31/2018 -3.30 0.83
6/1/2018 -3.31 0.64
6/4/2018 -3.20 0.58
6/5/2018 -3.30 0.61
6/6/2018 -3.49 0.26
6/7/2018 -3.69 0.30
6/8/2018 -3.76 0.31
6/11/2018 -3.95 0.31
6/12/2018 -3.95 0.33
6/13/2018 -4.04 0.36
6/14/2018 -4.33 0.57
6/15/2018 -4.40 0.71
6/18/2018 -4.59 0.73
6/19/2018 -4.57 0.85
6/20/2018 -4.46 0.77
6/21/2018 -4.56 0.78
6/22/2018 -4.33 0.76
6/25/2018 -4.42 0.81
6/26/2018 -4.41 0.77
6/27/2018 -4.50 0.97
6/28/2018 -4.70 0.94
6/29/2018 -4.57 1.02
7/2/2018 -4.59 1.03
7/3/2018 -4.37 1.13
7/5/2018 -4.26 1.16
7/6/2018 -3.83 1.22
7/9/2018 -3.61 1.19
7/10/2018 -3.40 1.16
7/11/2018 -4.00 1.23
7/12/2018 -3.58 1.26
7/13/2018 -3.45 1.37
7/16/2018 -3.33 1.29
7/17/2018 -3.43 1.35
7/18/2018 -3.52 1.34
7/19/2018 -3.72 1.43
7/20/2018 -3.59 1.25
7/23/2018 -3.47 0.96
7/24/2018 -3.36 1.03
7/25/2018 -3.04 1.11
7/26/2018 -2.93 1.00
7/27/2018 -2.70 1.01
7/30/2018 -2.59 0.88
7/31/2018 -2.69 1.04
8/1/2018 -2.81 0.78
8/2/2018 -3.10 0.81
8/3/2018 -2.98 0.97
8/6/2018 -2.98 1.09
8/7/2018 -2.97 0.98
8/8/2018 -3.15 0.99
8/9/2018 -3.66 1.09
8/10/2018 -4.54 1.33
8/13/2018 -5.26 1.25
8/14/2018 -4.84 1.21
8/15/2018 -4.83 1.33
8/16/2018 -5.03 1.30
8/17/2018 -5.01 1.32
8/20/2018 -5.01 1.51
8/21/2018 -4.90 1.45
8/22/2018 -4.79 1.46
8/23/2018 -5.10 1.45
8/24/2018 -4.88 1.44
8/27/2018 -4.77 1.41
8/28/2018 -4.87 1.27
8/29/2018 -5.06 1.23
8/30/2018 -5.57 1.31
8/31/2018 -5.76 1.36
9/4/2018 -6.10 1.25
9/5/2018 -6.09 1.23
9/6/2018 -5.97 1.37
9/7/2018 -5.74 1.18
9/10/2018 -5.83 1.22
9/11/2018 -5.83 1.10
9/12/2018 -5.61 1.17
9/13/2018 -5.29 1.18
9/14/2018 -5.27 1.08
9/17/2018 -5.26 1.10
9/18/2018 -5.14 0.96
9/19/2018 -5.03 0.82
9/20/2018 -4.81 0.87
9/21/2018 -4.58 0.94
9/24/2018 -4.57 0.83
9/25/2018 -4.56 0.73
9/26/2018 -4.34 0.90
9/27/2018 -4.23 0.95
9/28/2018 -4.52 0.97
10/1/2018 -4.34 0.86
10/2/2018 -4.44 0.96
10/3/2018 -4.53 0.69
10/4/2018 -4.84 0.43
10/5/2018 -4.81 0.27
10/8/2018 -4.90 0.28
10/9/2018 -4.68 0.34
10/10/2018 -4.68 0.27
10/11/2018 -4.77 0.51
10/12/2018 -4.64 0.52
10/15/2018 -4.31 0.50
10/16/2018 -3.99 0.57
10/17/2018 -4.09 0.58
10/18/2018 -4.50 0.54
10/19/2018 -4.42 0.47
10/22/2018 -3.99 0.54
10/23/2018 -4.30 0.65
10/24/2018 -4.39 0.77
10/25/2018 -4.38 0.82
10/26/2018 -4.25 1.03
10/29/2018 -4.24 1.03
10/30/2018 -4.33 0.91
10/31/2018 -4.32 0.77
11/1/2018 -3.95 0.79
11/2/2018 -3.72 0.60
11/5/2018 -3.70 0.67
11/6/2018 -3.79 0.63
11/7/2018 -3.37 0.67
11/8/2018 -3.77 0.57
11/9/2018 -3.85 0.73
11/12/2018 -4.05 0.77
11/13/2018 -4.14 0.81
11/14/2018 -4.12 0.84
11/15/2018 -4.11 0.88
11/16/2018 -3.88 0.98
11/19/2018 -4.17 1.01
11/20/2018 -4.68 0.97
11/21/2018 -4.46 1.00
11/23/2018 -4.32 1.10
11/26/2018 -4.41 1.10
11/27/2018 -4.51 1.13
11/28/2018 -4.29 1.14
11/29/2018 -4.28 1.25
11/30/2018 -4.27 1.26
12/3/2018 -3.98 1.42
12/4/2018 -4.38 1.68
12/6/2018 -4.48 1.85
12/7/2018 -4.35 1.90
12/10/2018 -4.44 2.04
12/11/2018 -4.53 1.98
12/12/2018 -4.31 1.91
12/13/2018 -4.19 1.93
12/14/2018 -4.15 2.06
12/17/2018 -4.25 2.16
12/18/2018 -4.31 2.33
12/19/2018 -4.20 2.48
12/20/2018 -4.19 2.48
12/21/2018 -4.26 2.36
12/24/2018 -4.34 2.50
12/26/2018 -4.34 2.44
12/27/2018 -4.32 2.55
12/28/2018 -4.29 2.60
12/31/2018 -3.95 2.73
1/2/2019 -3.94 2.90
1/3/2019 -3.92 3.15
1/4/2019 -3.48 2.90
1/7/2019 -3.26 2.86
1/8/2019 -3.03 2.72
1/9/2019 -2.71 2.77
1/10/2019 -2.80 2.77
1/11/2019 -2.77 2.88
1/14/2019 -2.76 2.92
1/15/2019 -2.74 2.97
1/16/2019 -2.63 2.96
1/17/2019 -2.41 2.93
1/18/2019 -2.14 2.88
1/22/2019 -2.33 3.10
1/23/2019 -2.11 3.10
1/24/2019 -1.99 3.34
1/25/2019 -1.77 3.28
1/28/2019 -1.76 3.34
1/29/2019 -1.65 3.44
1/30/2019 -1.53 3.52
1/31/2019 -1.21 3.81
2/1/2019 -1.23 3.69
2/4/2019 -1.33 3.61
2/5/2019 -1.10 3.74
2/6/2019 -1.20 3.77
2/7/2019 -1.50 3.90
2/8/2019 -1.57 4.01
2/11/2019 -1.67 3.95
2/12/2019 -1.44 3.87
2/13/2019 -1.43 3.84
2/14/2019 -1.42 4.00
2/15/2019 -1.27 4.01
2/19/2019 -1.14 4.12
2/20/2019 -1.24 4.11
2/21/2019 -1.12 4.00
2/22/2019 -0.87 4.14
2/25/2019 -0.76 4.13
2/26/2019 -0.54 4.19
2/27/2019 -0.42 3.97
2/28/2019 -0.52 3.94
Date Dividends
3/29/2018 0.0331
4/30/2018 0.0406
5/31/2018 0.0423
6/29/2018 0.0355
7/31/2018 0.0337
8/31/2018 0.0315
9/28/2018 0.0297
10/31/2018 0.0393
11/30/2018 0.0354
12/31/2018 0.06
1/31/2019 0.0309
2/28/2019 0.0351

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, reinvested distributions and a 4.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 03/22/2019

Date 2014 2015 2016 2017 2018
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date

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

Portfolio

Top Fixed Income Sectors

(100.1% of assets as of 02/28/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Credit Rating Allocation
Currency
Country Global Unconstrained Bond Fund Bloomberg Barclays Gbl Agg Hdgd Index Overweight / Underweight
Multi 11.9% - -
India 11.6% 0.1% 11.5%
Greece 9.6% 0.0% 9.6%
Spain 9.1% 2.6% 6.5%
Brazil 7.5% 0.1% 7.5%
Italy 5.7% 3.6% 2.1%
United States 4.5% 39.4% -34.9%
Mexico 4.0% 0.7% 3.3%
South Africa 2.3% 0.0% 2.2%
France 2.2% 5.9% -3.7%
Switzerland 2.1% 0.8% 1.3%
Cyprus 1.9% 0.0% 1.9%
Argentina 1.6% - -
Egypt 1.4% 0.0% 1.4%
Germany 1.3% 5.1% -3.9%
United Kingdom 0.4% 5.3% -4.9%
Developed Markets Global Unconstrained Bond Fund Bloomberg Barclays Gbl Agg Hdgd Index Overweight / Underweight
Europe 20.9% 29.6% -8.7%
Americas 4.5% 42.8% -38.3%
Emerging Markets Global Unconstrained Bond Fund Bloomberg Barclays Gbl Agg Hdgd Index Overweight / Underweight
Americas 13.2% 1.1% 12.1%
Multi 11.9% - 11.9%
Asia Pacific 11.6% 3.5% 8.1%
Europe 11.5% 1.2% 10.3%
Africa 3.7% 0.0% 3.6%
Credit Rating Allocation Global Unconstrained Bond Fund Bloomberg Barclays Gbl Agg Hdgd Index Overweight / Underweight
Treasury 2.5% 16.0% -13.5%
A 4.6% 28.5% -23.9%
BBB 5.8% 12.1% -6.3%
BB 25.3% 0.0% 25.3%
B 2.3% - -
Unrated 28.2% 2.9% 25.3%
Other 8.5% 0.0% 8.5%
Currency Global Unconstrained Bond Fund Bloomberg Barclays Gbl Agg Hdgd Index Overweight / Underweight
Brazilian Real 2.0% - 2.0%
Russian Ruble 2.0% 0.0% 2.0%
Chilean Peso 2.0% 0.0% 2.0%
Indonesian Rupiah 1.9% 0.3% 1.6%
South African Rand 1.9% - 1.9%
Mexican Peso 1.7% 0.0% 1.7%
Indian Rupee 1.7% - 1.7%
Argentine Peso 1.6% - 1.6%
Swedish Krona 1.5% 0.0% 1.5%
Egyptian Pound 1.4% - 1.4%
Euro -3.4% 0.1% -3.5%
Analytics
(As of 02/28/2019)

Yields
Dividend Yield (with sales charge)
4.64%
Dividend Yield (w/o sales charge)
4.87%
Standardized Yield
4.59%
Unsubsidized Yield
2.75%
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
5.16%
-
Yield to Worst
5.15%
-
Average Effective Maturity
4.56 yrs
-
Current Duration
1.10 yrs
-
Average Coupon
3.93%
-
Turnover Ratio
227%
-
Dividends
  • E
Est. Frequency
Monthly
Last Pay Date
2/28/2019
Per Share ($)
$0.0351
12-Month Distribution ($)
$0.4470
Distribution Sources
  • E
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. 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.Asset-backed securities are subject to prepayment risk. Mortgage-related securities are subject to default risk, prepayment risk, interest rate risk, and credit risk, and may be more volatile and less liquid than other types of securities.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.Sovereign debt instruments are subject to the risk that a government entity may be unable to pay interest or repay principal on its debt.Floating and variable rate securities may be subject to greater liquidity risk than other debt securities.Municipal bonds are subject to default on income and principal payments.Repurchase agreements are subject to credit risk.Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments.Senior loans are subject to credit, interest rate and prepayment risk, are typically lower-rated and may be illiquid investments (which may not have a ready market).Investing in other investment companies is subject to risks of the underlying portfolio.
  2. 2. The Bloomberg Barclays Global Aggregate Bond Index provides a broad-based measure of global investment grade fixed-rate debt markets.  The index is comprised of several other Barclays indexes that measure fixed income performance of regions around the world while hedging the currency back to the US dollar. The index is unmanaged and cannot be purchased directly by investors.   Index performance is shown for illustrative purposes only and does not predict or depict the performance of the Fund. Past performance does not guarantee future results.
  3. 3. For Share Classes with less than a one-year track record, expense ratios are estimated based on the Manager's projections of those expenses for the coming fiscal year.
  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. The dividend (or distribution) yield is based on the pay date immediately preceding the nearest month-end or quarter-end.  The dividend yield for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date.  For the Class A dividend yield with sales charge, the annualized Class A dividend distribution is divided by the Class A maximum offering price on that date.  Each result is compounded semiannually and annualized.  Falling share prices artificially increase yields.
  6. 6. 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.
  7. 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>
  8. 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.
  9. 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 4.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.
  10. 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.
  11. E. There is no guarantee of the payment of any dividend or other distributions at any level.
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