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OGUIX

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
683969851
NAV
  • A
(as of 11/14/2018)
$9.20
Total Assets
(as of 10/31/2018)
$9.72 MM
Gross Expense Ratio
(as of 10/31/2018)
1.01%
Net Expense Ratio
(as of 10/31/2018)
0.89%
Performance
Average Annual Total Returns
Cumulative Returns
Capital Gains Distributions
as of 10/31/2018
  • E
as of 09/30/2018
  • E

Sales charges are not applicable to Y & I Share Classes.
Cumulative
1 mo 3 mo ytd as of 2018-09-30
  • C
since inception
Global Unconstrained Bond Fund (NAV)
1.22% 0.00% - -5.14%
Bloomberg Barclays Gbl Agg Hdgd Index
-0.38% -0.05% - 0.58%
Cumulative
1 mo 3 mo ytd as of 2018-10-31
  • C
since inception
Global Unconstrained Bond Fund (NAV)
0.23% -1.62% - -4.92%
Bloomberg Barclays Gbl Agg Hdgd Index
-0.20% -0.27% - 0.38%
Gross Expense Ratio: 1.01% | Net Expense Ratio: 0.89%

The performance data quoted represents past performance, which does not guarantee future results.  The investments 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 and reinvested distributions.  Class I shares are not subject to a sales charge.  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 investments 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 and reinvested distributions.  Class I shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.


Date Global Unconstrained Bond Fund
1/26/2018 0.00
1/27/2018 0.00
1/28/2018 0.00
1/29/2018 -0.20
1/30/2018 -0.39
1/31/2018 -0.29
2/1/2018 -0.29
2/2/2018 -0.77
2/3/2018 -0.77
2/4/2018 -0.77
2/5/2018 -0.57
2/6/2018 -0.86
2/7/2018 -0.85
2/8/2018 -1.15
2/9/2018 -1.44
2/10/2018 -1.44
2/11/2018 -1.44
2/12/2018 -1.14
2/13/2018 -1.13
2/14/2018 -1.13
2/15/2018 -0.92
2/16/2018 -0.69
2/17/2018 -0.69
2/18/2018 -0.69
2/19/2018 -0.69
2/20/2018 -0.98
2/21/2018 -1.17
2/22/2018 -1.06
2/23/2018 -0.74
2/24/2018 -0.74
2/25/2018 -0.74
2/26/2018 -0.53
2/27/2018 -0.82
2/28/2018 -0.81
3/1/2018 -0.78
3/2/2018 -0.66
3/3/2018 -0.66
3/4/2018 -0.66
3/5/2018 -0.64
3/6/2018 -0.54
3/7/2018 -0.63
3/8/2018 -0.72
3/9/2018 -0.59
3/10/2018 -0.59
3/11/2018 -0.59
3/12/2018 -0.58
3/13/2018 -0.47
3/14/2018 -0.36
3/15/2018 -0.55
3/16/2018 -0.53
3/17/2018 -0.53
3/18/2018 -0.53
3/19/2018 -0.62
3/20/2018 -0.81
3/21/2018 -0.60
3/22/2018 -0.68
3/23/2018 -0.75
3/24/2018 -0.75
3/25/2018 -0.75
3/26/2018 -0.63
3/27/2018 -0.52
3/28/2018 -0.40
3/29/2018 -0.18
3/30/2018 -0.18
3/31/2018 -0.18
4/1/2018 -0.18
4/2/2018 -0.25
4/3/2018 -0.34
4/4/2018 -0.33
4/5/2018 -0.32
4/6/2018 -0.09
4/7/2018 -0.09
4/8/2018 -0.09
4/9/2018 -0.48
4/10/2018 -0.77
4/11/2018 -0.86
4/12/2018 -0.67
4/13/2018 -0.84
4/14/2018 -0.84
4/15/2018 -0.84
4/16/2018 -0.73
4/17/2018 -0.72
4/18/2018 -0.61
4/19/2018 -0.59
4/20/2018 -0.87
4/21/2018 -0.87
4/22/2018 -0.87
4/23/2018 -1.16
4/24/2018 -1.15
4/25/2018 -1.44
4/26/2018 -1.53
4/27/2018 -1.30
4/28/2018 -1.30
4/29/2018 -1.30
4/30/2018 -1.48
5/1/2018 -1.55
5/2/2018 -1.74
5/3/2018 -1.93
5/4/2018 -1.90
5/5/2018 -1.90
5/6/2018 -1.90
5/7/2018 -2.19
5/8/2018 -2.58
5/9/2018 -2.67
5/10/2018 -2.11
5/11/2018 -2.08
5/12/2018 -2.08
5/13/2018 -2.08
5/14/2018 -2.17
5/15/2018 -2.56
5/16/2018 -2.65
5/17/2018 -2.74
5/18/2018 -3.22
5/19/2018 -3.22
5/20/2018 -3.22
5/21/2018 -3.40
5/22/2018 -3.19
5/23/2018 -3.15
5/24/2018 -3.14
5/25/2018 -3.50
5/26/2018 -3.50
5/27/2018 -3.50
5/28/2018 -3.50
5/29/2018 -4.20
5/30/2018 -3.99
5/31/2018 -4.08
6/1/2018 -4.09
6/2/2018 -4.09
6/3/2018 -4.09
6/4/2018 -3.98
6/5/2018 -4.08
6/6/2018 -4.27
6/7/2018 -4.47
6/8/2018 -4.54
6/9/2018 -4.54
6/10/2018 -4.54
6/11/2018 -4.73
6/12/2018 -4.72
6/13/2018 -4.81
6/14/2018 -5.10
6/15/2018 -5.17
6/16/2018 -5.17
6/17/2018 -5.17
6/18/2018 -5.36
6/19/2018 -5.34
6/20/2018 -5.23
6/21/2018 -5.33
6/22/2018 -5.10
6/23/2018 -5.10
6/24/2018 -5.10
6/25/2018 -5.19
6/26/2018 -5.18
6/27/2018 -5.27
6/28/2018 -5.47
6/29/2018 -5.34
6/30/2018 -5.34
7/1/2018 -5.34
7/2/2018 -5.36
7/3/2018 -5.15
7/4/2018 -5.15
7/5/2018 -5.03
7/6/2018 -4.61
7/7/2018 -4.61
7/8/2018 -4.61
7/9/2018 -4.39
7/10/2018 -4.18
7/11/2018 -4.78
7/12/2018 -4.36
7/13/2018 -4.23
7/14/2018 -4.23
7/15/2018 -4.23
7/16/2018 -4.11
7/17/2018 -4.21
7/18/2018 -4.30
7/19/2018 -4.49
7/20/2018 -4.37
7/21/2018 -4.37
7/22/2018 -4.37
7/23/2018 -4.25
7/24/2018 -4.14
7/25/2018 -3.83
7/26/2018 -3.71
7/27/2018 -3.49
7/28/2018 -3.49
7/29/2018 -3.49
7/30/2018 -3.37
7/31/2018 -3.47
8/1/2018 -3.60
8/2/2018 -3.88
8/3/2018 -3.77
8/4/2018 -3.77
8/5/2018 -3.77
8/6/2018 -3.76
8/7/2018 -3.75
8/8/2018 -3.93
8/9/2018 -4.43
8/10/2018 -5.31
8/11/2018 -5.31
8/12/2018 -5.31
8/13/2018 -6.02
8/14/2018 -5.60
8/15/2018 -5.60
8/16/2018 -5.80
8/17/2018 -5.78
8/18/2018 -5.78
8/19/2018 -5.78
8/20/2018 -5.77
8/21/2018 -5.67
8/22/2018 -5.56
8/23/2018 -5.86
8/24/2018 -5.65
8/25/2018 -5.65
8/26/2018 -5.65
8/27/2018 -5.54
8/28/2018 -5.64
8/29/2018 -5.82
8/30/2018 -6.33
8/31/2018 -6.52
9/1/2018 -6.52
9/2/2018 -6.52
9/3/2018 -6.52
9/4/2018 -6.86
9/5/2018 -6.84
9/6/2018 -6.73
9/7/2018 -6.50
9/8/2018 -6.50
9/9/2018 -6.50
9/10/2018 -6.59
9/11/2018 -6.59
9/12/2018 -6.37
9/13/2018 -6.06
9/14/2018 -6.03
9/15/2018 -6.03
9/16/2018 -6.03
9/17/2018 -6.02
9/18/2018 -5.91
9/19/2018 -5.80
9/20/2018 -5.58
9/21/2018 -5.35
9/22/2018 -5.35
9/23/2018 -5.35
9/24/2018 -5.34
9/25/2018 -5.33
9/26/2018 -5.12
9/27/2018 -5.01
9/28/2018 -5.29
9/29/2018 -5.29
9/30/2018 -5.29
10/1/2018 -5.12
10/2/2018 -5.21
10/3/2018 -5.30
10/4/2018 -5.60
10/5/2018 -5.58
10/6/2018 -5.58
10/7/2018 -5.58
10/8/2018 -5.67
10/9/2018 -5.45
10/10/2018 -5.45
10/11/2018 -5.54
10/12/2018 -5.41
10/13/2018 -5.41
10/14/2018 -5.41
10/15/2018 -5.09
10/16/2018 -4.77
10/17/2018 -4.86
10/18/2018 -5.27
10/19/2018 -5.19
10/20/2018 -5.19
10/21/2018 -5.19
10/22/2018 -4.77
10/23/2018 -5.07
10/24/2018 -5.16
10/25/2018 -5.15
10/26/2018 -5.03
10/27/2018 -5.03
10/28/2018 -5.03
10/29/2018 -5.01
10/30/2018 -5.11
10/31/2018 -5.10
Date Dividends
1/31/2018 0.0007
2/28/2018 0.0205
3/29/2018 0.0348
4/30/2018 0.0426
5/31/2018 0.0444
6/29/2018 0.0374
7/31/2018 0.0356
8/31/2018 0.0334
9/28/2018 0.0315
10/31/2018 0.0413

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 investments 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 and reinvested distributions.  Class I shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 11/13/2018

Date 2013 2014 2015 2016 2017
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

(99.9% of assets as of 10/31/2018)


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
United States 32.4% 39.0% -6.7%
India 12.0% 0.1% 11.9%
Multi 11.7% - -
Greece 9.7% - -
Spain 7.7% 2.7% 5.1%
Italy 7.1% 3.6% 3.5%
France 6.7% 6.1% 0.6%
Brazil 5.2% 0.1% 5.2%
Mexico 3.6% 0.7% 3.0%
Switzerland 2.4% 0.9% 1.5%
South Africa 2.2% 0.0% 2.1%
Germany 2.0% 5.2% -3.3%
Egypt 1.4% 0.0% 1.4%
United Kingdom 1.4% 5.3% -3.8%
Canada 1.1% 3.4% -2.3%
Argentina 0.8% - -
Australia 0.3% 1.6% -1.4%
Netherlands 0.2% 1.7% -1.5%
Belgium 0.2% 1.2% -1.0%
Japan 0.1% 16.9% -16.8%
Developed Markets Global Unconstrained Bond Fund Bloomberg Barclays Gbl Agg Hdgd Index Overweight / Underweight
Americas 33.5% 42.5% -9.0%
Europe 28.0% 30.0% -2.0%
Asia Pacific 0.5% 19.0% -18.6%
Emerging Markets Global Unconstrained Bond Fund Bloomberg Barclays Gbl Agg Hdgd Index Overweight / Underweight
Asia Pacific 12.0% 3.4% 8.6%
Multi 11.7% - 11.7%
Americas 9.7% 1.1% 8.6%
Europe 9.7% 1.2% 8.5%
Africa 3.6% 0.0% 3.5%
Credit Rating Allocation Global Unconstrained Bond Fund Bloomberg Barclays Gbl Agg Hdgd Index Overweight / Underweight
Agency 4.5% 12.1% -7.6%
AAA 2.4% 12.6% -10.2%
AA 2.3% 16.3% -13.9%
A 10.8% 28.8% -18.0%
BBB 29.4% 11.9% 17.5%
BB 24.2% 0.0% 24.2%
D 0.1% - -
Unrated 26.0% 2.6% 23.4%
Other 8.6% 0.0% 8.6%
Currency Global Unconstrained Bond Fund Bloomberg Barclays Gbl Agg Hdgd Index Overweight / Underweight
Swedish Krona 4.6% 0.0% 4.6%
Indonesian Rupiah 3.6% 0.3% 3.3%
Russian Ruble 2.9% 0.0% 2.9%
Brazilian Real 2.3% - 2.3%
Indian Rupee 2.3% - 2.3%
Polish Zloty 1.9% 0.0% 1.9%
Egyptian Pound 1.4% - 1.4%
Chilean Peso 1.0% 0.0% 1.0%
Colombian Peso 0.9% - 0.9%
Australian Dollar 0.9% 0.0% 0.9%
South African Rand 0.8% - 0.8%
Argentine Peso 0.8% - 0.8%
Turkish New Lira 0.4% - 0.4%
Mexican Peso -0.3% 0.0% -0.3%
Euro -10.2% 0.3% -10.5%
Analytics
(As of 10/31/2018)

Yields
Dividend Yield (w/o sales charge)
5.29%
Standardized Yield
4.93%
Unsubsidized Yield
3.32%
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
7.23%
-
Yield to Worst
7.12%
-
Average Effective Maturity
5.46 yrs
-
Current Duration
3.40 yrs
-
Average Coupon
3.80%
-
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
10/31/2018
Per Share ($)
$0.0413
12-Month Distribution ($)
$0.3223
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. This is a new fund with limited operating history and an inception date of 1/26/18.
  2. 2. 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.
  3. 3. 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.
  4. 4. 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.
  5. 5. 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.
  6. 6. 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.
  7. 7. 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.
  8. 8. Class I shares are only offered to eligible institutional investors that make a minimum initial investment of $1 million or more and to retirement plan service provider platforms. The minimum account balance for class I shares is $2.5 million.  Class I shares are sold at net asset value without a sales charge.  Please see Fund prospectuses for additional information.
  9. 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.
  10. 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 4.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.
  11. 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.
  12. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  13. E. The performance data quoted represents past performance, which does not guarantee future results.  The investments 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 and reinvested distributions.  Class I shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
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