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OGRIX

Value Fund

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Overview

The Strategy typically invests primarily in large company value stocks.

Inception Date
February 28, 2012
Investment Style
Large Cap Value
Fund Index
Russell 1000® Value Index
CUSIP
68380J774
NAV
  • B
(as of 01/22/2019)
$31.46
Total Assets
(as of 12/31/2018)
$1.50 BN
Gross Expense Ratio
(as of 12/31/2018)
0.52%
Net Expense Ratio
(as of 12/31/2018)
0.52%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 12/31/2018
  • G
as of 12/31/2018
  • G

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Value Fund (NAV)
-11.00% -11.00% 5.36% 4.66% - 8.35%
Russell 1000® Value Index
-8.27% -8.27% 6.95% 5.95% 11.18% -
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Value Fund (NAV)
-11.00% -11.00% 5.36% 4.66% - 8.35%
Russell 1000® Value Index
-8.27% -8.27% 6.95% 5.95% 11.18% -
Gross Expense Ratio: 0.52% | Net Expense Ratio: 0.52%

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 Value Fund Russell 1000® Value Index
2013 30.80% 32.53%
2014 11.07% 13.45%
2015 -3.34% -3.83%
2016 12.87% 17.34%
2017 16.45% 13.66%
2018 -11.00% -8.27%

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 Value Fund Russell 1000® Value Index MSCI World S&P 500
12/31/2008 0.00 0.00 0.00 0.00
1/31/2009 -3.64 -11.50 -8.76 -8.43
2/28/2009 -13.47 -23.32 -18.10 -18.18
3/31/2009 -6.05 -16.77 -11.92 -11.01
4/30/2009 3.57 -7.85 -2.04 -2.49
5/31/2009 11.82 -2.15 6.83 2.96
6/30/2009 12.23 -2.87 6.35 3.16
7/31/2009 19.11 5.08 15.36 10.97
8/31/2009 25.84 10.58 20.12 14.97
9/30/2009 30.52 14.85 24.90 19.26
10/31/2009 27.56 11.33 22.68 17.05
11/30/2009 32.37 17.61 27.70 24.07
12/31/2009 33.65 19.69 29.99 26.46
1/31/2010 28.56 16.32 24.62 21.92
2/28/2010 32.04 20.00 26.37 25.69
3/31/2010 40.27 27.81 34.20 33.28
4/30/2010 42.43 31.11 34.22 35.38
5/31/2010 31.07 20.34 21.36 24.57
6/30/2010 22.56 13.56 17.20 18.05
7/31/2010 32.25 21.25 26.70 26.32
8/31/2010 25.70 16.06 21.97 20.62
9/30/2010 36.37 25.07 33.34 31.38
10/31/2010 42.78 28.82 38.32 36.38
11/30/2010 42.22 28.14 35.33 36.40
12/31/2010 53.30 38.25 45.28 45.51
1/31/2011 57.09 41.38 48.56 48.96
2/28/2011 61.02 46.59 53.76 54.07
3/31/2011 62.43 47.17 52.25 54.13
4/30/2011 67.83 51.09 58.71 58.69
5/31/2011 66.92 49.50 55.42 56.90
6/30/2011 62.21 46.43 52.96 54.28
7/31/2011 55.40 41.57 50.19 51.14
8/31/2011 44.73 32.74 39.61 42.93
9/30/2011 32.79 22.71 27.55 32.89
10/31/2011 47.26 36.76 40.74 47.41
11/30/2011 45.36 36.05 37.31 47.08
12/31/2011 45.99 38.79 37.23 48.59
1/31/2012 52.03 44.04 44.12 55.25
2/29/2012 57.58 49.78 51.16 61.96
3/31/2012 60.99 54.22 53.10 67.29
4/30/2012 58.36 52.65 51.36 66.24
5/31/2012 47.91 43.70 38.30 56.25
6/30/2012 52.60 50.83 45.34 62.69
7/31/2012 54.66 52.39 47.21 64.95
8/31/2012 58.79 55.70 50.94 68.66
9/30/2012 62.98 60.64 55.09 73.02
10/31/2012 62.91 59.86 54.04 69.82
11/30/2012 62.55 59.79 56.01 70.81
12/31/2012 65.71 63.09 58.95 72.37
1/31/2013 74.64 73.69 67.04 81.29
2/28/2013 75.08 76.18 67.32 83.76
3/31/2013 82.86 83.16 71.24 90.65
4/30/2013 85.88 85.93 76.63 94.32
5/31/2013 90.64 90.70 76.70 98.87
6/30/2013 87.90 89.02 72.35 96.19
7/31/2013 98.20 99.23 81.42 106.18
8/31/2013 91.29 91.67 77.56 100.21
9/30/2013 98.92 96.47 86.44 106.49
10/31/2013 106.71 105.08 93.73 115.98
11/30/2013 110.74 110.80 97.18 122.56
12/31/2013 115.86 116.14 101.35 128.19
1/31/2014 107.62 108.46 93.89 120.30
2/28/2014 117.46 117.48 103.60 130.38
3/31/2014 120.41 122.67 103.89 132.32
4/30/2014 121.51 124.78 105.98 134.03
5/31/2014 126.19 128.08 110.04 139.53
6/30/2014 131.87 134.03 113.79 144.48
7/31/2014 127.68 130.04 110.38 141.10
8/31/2014 135.84 138.50 115.02 150.75
9/30/2014 129.71 133.58 109.18 147.23
10/31/2014 132.14 138.83 110.53 153.27
11/30/2014 137.23 143.72 114.75 160.08
12/31/2014 138.71 145.21 111.29 159.43
1/31/2015 127.33 135.41 107.46 151.64
2/28/2015 140.19 146.80 119.62 166.10
3/31/2015 138.26 143.44 116.18 161.89
4/30/2015 141.15 145.72 121.25 164.41
5/31/2015 145.52 148.67 122.01 167.81
6/30/2015 140.38 143.71 116.85 162.62
7/31/2015 144.02 144.78 120.74 168.13
8/31/2015 129.08 130.20 106.13 151.95
9/30/2015 120.67 123.25 98.53 145.71
10/31/2015 135.80 140.09 114.26 166.44
11/30/2015 136.62 141.01 113.20 167.23
12/31/2015 129.63 135.83 109.45 163.02
1/31/2016 113.49 123.64 96.92 149.97
2/29/2016 111.69 123.59 95.45 149.63
3/31/2016 127.99 139.69 108.72 166.56
4/30/2016 130.84 144.73 112.02 167.60
5/31/2016 134.37 148.53 113.21 172.40
6/30/2016 132.06 150.68 110.82 173.11
7/31/2016 139.06 157.96 119.73 183.18
8/31/2016 141.69 159.94 119.91 183.58
9/30/2016 143.69 159.40 121.08 183.63
10/31/2016 138.93 155.39 116.80 178.46
11/30/2016 154.18 169.97 119.92 188.77
12/31/2016 158.12 176.72 125.18 194.48
1/31/2017 163.21 178.69 130.62 200.06
2/28/2017 171.79 188.71 137.01 211.98
3/31/2017 168.75 185.77 139.54 212.34
4/30/2017 169.67 185.23 143.08 215.55
5/31/2017 170.81 184.95 148.23 219.99
6/30/2017 175.05 189.61 149.18 221.98
7/31/2017 179.62 193.46 155.15 228.61
8/31/2017 177.33 190.04 155.50 229.61
9/30/2017 184.95 198.63 161.24 236.41
10/31/2017 187.71 200.80 166.18 244.26
11/30/2017 195.43 210.01 171.94 254.82
12/31/2017 199.27 214.53 175.62 258.76
1/31/2018 213.07 226.69 190.17 279.31
2/28/2018 200.24 211.09 178.15 265.33
3/31/2018 195.15 205.62 172.09 256.04
4/30/2018 196.84 206.63 175.22 257.41
5/31/2018 197.65 208.45 176.94 266.01
6/30/2018 195.33 209.22 176.81 268.27
7/31/2018 207.28 221.45 185.46 281.97
8/31/2018 208.65 226.21 188.99 294.42
9/30/2018 209.69 226.85 190.60 296.66
10/31/2018 188.71 209.93 169.26 269.55
11/30/2018 193.81 219.18 172.32 277.08
12/31/2018 165.30 188.53 151.61 243.03

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 01/22/2019

Date 2014 2015 2016 2017 2018
Short Term 0.2417
Long Term 1.6597 3.5983
Total Amount of Distribution 1.6597 3.8400
Record Date 12/8/17 12/7/18
Ex Div Date 12/11/17 12/10/18
Pay Date 12/11/17 12/10/18

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

Portfolio

Top Issuers

(48.5% of assets as of 12/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Value Fund Russell 1000® Value Index Overweight / Underweight
United States 92.7% 99.7% -7.0%
Canada 3.9% - -
Netherlands 1.5% 0.2% 1.3%
Developed Markets Value Fund Russell 1000® Value Index Overweight / Underweight
Americas 96.7% 99.7% -3.0%
Europe 1.5% 0.2% 1.3%
Equity Sector Value Fund Russell 1000® Value Index Overweight / Underweight
Health Care 20.4% 15.7% 4.6%
Financials 18.1% 22.5% -4.4%
Energy 11.6% 9.3% 2.3%
Information Technology 9.1% 9.3% -0.2%
Consumer Staples 8.2% 7.8% 0.4%
Industrials 7.6% 7.4% 0.3%
Consumer Discretionary 6.5% 5.2% 1.3%
Real Estate 5.4% 4.9% 0.4%
Communication Services 4.7% 7.3% -2.6%
Utilities 3.6% 6.5% -2.9%
Materials 3.0% 4.1% -1.1%
Industry Value Fund Russell 1000® Value Index Overweight / Underweight
Banks 12.1% 10.8% 1.4%
Oil Gas & Consumable Fuels 11.2% 8.6% 2.6%
Pharmaceuticals 7.6% 7.4% 0.2%
Health Care Equipment & Supplies 5.7% 4.1% 1.6%
Equity Real Estate Investment Trusts (REITs) 5.4% 4.8% 0.6%
Health Care Providers & Services 5.1% 2.5% 2.6%
Beverages 3.7% 0.6% 3.1%
Electric Utilities 3.6% 3.8% -0.2%
Capital Markets 3.5% 3.2% 0.3%
Machinery 3.1% 1.3% 1.8%
Communications Equipment 2.9% 2.0% 0.9%
Software 2.7% 1.5% 1.2%
Insurance 2.5% 4.3% -1.8%
Diversified Telecommunication Services 2.5% 3.9% -1.3%
Food & Staples Retailing 2.0% 1.9% 0.1%
Multiline Retail 1.8% 0.6% 1.2%
Automobiles 1.7% 0.7% 1.1%
Road & Rail 1.5% 0.8% 0.7%
Entertainment 1.5% 1.3% 0.2%
Tobacco 1.4% 0.9% 0.5%
Asset Allocation Value Fund Russell 1000® Value Index Overweight / Underweight
Equity 98.1% 100.0% -1.9%
Market Cap Value Fund Russell 1000® Value Index Overweight / Underweight
Large 81.4% 77.1% 4.3%
Mid 16.4% 21.1% -4.7%
Small 0.3% 1.7% -1.5%
Analytics
(As of 12/31/2018)

Morningstar 12/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1100
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-1.72
-1.39
Beta
1.05
1.04
Information Ratio
-0.60
-0.53
R-Squared
95.23
95.81
Sharpe Ratio
0.41
0.39
Standard Deviation
11.80
11.56
Upside Capture
94.22
97.69
Downside Capture
104.74
107.01
Sortino Ratio
0.56
0.56
Win Ratio
47.00
45.00
Loss Ratio
53.00
55.00
Tracking Error
2.65
2.42
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$120.79 B
$118.00 B
Median Market Cap (weighted)
$72.27 B
$63.96 B
P/E Ratio (LTM)
14.48
14.88
P/E Ratio (NTM)
12.46
12.59
Price/Book
2.08
1.90
Return on Equity
12.80%
11.34%
EPS Growth Rate 3Y
2.85%
3.08%
EPS Growth Rate 5Y
1.97%
3.91%
Sales Growth Rate 3Y
1.69%
-
Sales Growth Rate 5Y
0.96%
-
Turnover Ratio
45%
-
Active Share
69.67%
-
Dividends
  • E
Est. Frequency
Quarterly
Last Pay Date
12/10/2018
Per Share ($)
$0.1760
12-Month Distribution ($)
$0.6781
Distribution Sources
  • E
Net Income
3.50%
Net Profit from Sale
96.10%
Other Capital Sources
0.40%
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. 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. Value investing involves the risk that undervalued securities may not appreciate as anticipated. 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 Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 companies with lower price-to-book ratios and lower expected growth values. 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. 6. 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.
  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 5.75% 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.
  12. F. 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 and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated.  Class C shares are subject to a 0.75% annual asset-backed sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
  13. G. 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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