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OCIYX

Capital Income Fund

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Overview

The Strategy typically invests in stocks, bonds, and other uncorrelated financial instruments for additional diversification.

Inception Date
January 28, 2011
Investment Style
Income-Oriented Balanced
Fund Index
65% BBG Barc US Agg/35% Russell 3000®
CUSIP
683793509
NAV
  • A
(as of 10/12/2018)
$10.06
Total Assets
(as of 09/30/2018)
$2.51 BN
Gross Expense Ratio
(as of 09/30/2018)
0.83%
Net Expense Ratio
(as of 09/30/2018)
0.78%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 09/30/2018
  • H
as of 09/30/2018
  • H

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Income Fund (NAV)
1.99% 3.83% 5.69% 5.12% - 5.84%
65% BBG Barc US Agg/35% Russell 3000®
2.69% 5.20% 6.78% 6.21% 7.13% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Income Fund (NAV)
1.99% 3.83% 5.69% 5.12% - 5.84%
65% BBG Barc US Agg/35% Russell 3000®
2.69% 5.20% 6.78% 6.21% 7.13% -
Gross Expense Ratio: 0.83% | Net Expense Ratio: 0.78%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.


Year Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000®
2012 11.43% 8.59%
2013 9.38% 9.38%
2014 5.03% 8.43%
2015 -0.54% 0.85%
2016 7.51% 6.34%
2017 7.24% 9.48%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.


Date Capital Income Fund 65% Bloomberg Barclays Agg/35% Russell 3000 BBG Barclays Agg S&P 500
9/30/2008 0.00 0.00 0.00 0.00
10/31/2008 -15.29 -7.46 -2.36 -16.79
11/30/2008 -26.90 -7.78 0.82 -22.77
12/31/2008 -24.23 -4.67 4.58 -21.94
1/31/2009 -27.25 -7.94 3.66 -28.52
2/28/2009 -33.06 -11.54 3.26 -36.13
3/31/2009 -29.82 -7.85 4.70 -30.54
4/30/2009 -25.46 -4.17 5.20 -23.89
5/31/2009 -22.55 -1.87 5.96 -19.63
6/30/2009 -21.43 -1.34 6.57 -19.47
7/31/2009 -18.30 2.40 8.29 -13.38
8/31/2009 -16.18 4.40 9.41 -10.26
9/30/2009 -14.00 6.66 10.56 -6.91
10/31/2009 -13.67 6.10 11.10 -8.64
11/30/2009 -11.65 9.10 12.54 -3.16
12/31/2009 -10.51 9.08 10.78 -1.29
1/31/2010 -10.85 8.78 12.47 -4.84
2/28/2010 -10.06 10.36 12.89 -1.89
3/31/2010 -7.34 12.67 12.76 4.03
4/30/2010 -6.44 14.31 13.93 5.67
5/31/2010 -8.81 11.80 14.89 -2.76
6/30/2010 -9.81 10.71 16.69 -7.85
7/31/2010 -6.85 14.18 17.93 -1.40
8/31/2010 -6.85 13.26 19.45 -5.85
9/30/2010 -3.98 17.02 19.58 2.55
10/31/2010 -2.14 18.89 20.00 6.45
11/30/2010 -2.14 18.71 19.31 6.47
12/31/2010 -0.10 20.63 18.03 13.58
1/31/2011 1.42 21.66 18.17 16.28
2/28/2011 3.30 23.41 18.46 20.26
3/31/2011 4.03 23.70 18.53 20.31
4/30/2011 6.15 26.01 20.03 23.87
5/31/2011 6.51 26.59 21.60 22.47
6/30/2011 5.36 25.60 21.24 20.43
7/31/2011 5.48 25.90 23.17 17.98
8/31/2011 3.45 24.72 24.97 11.57
9/30/2011 0.98 21.94 25.87 3.73
10/31/2011 4.21 26.92 26.01 15.06
11/30/2011 3.25 26.86 25.90 14.81
12/31/2011 4.10 28.19 27.28 15.98
1/31/2012 6.42 31.17 28.40 21.18
2/29/2012 8.13 33.08 28.37 26.42
3/31/2012 9.00 34.05 27.67 30.58
4/30/2012 9.50 34.74 29.08 29.76
5/31/2012 9.25 32.57 30.25 21.96
6/30/2012 10.76 34.46 30.30 26.99
7/31/2012 12.61 36.17 32.10 28.75
8/31/2012 13.48 37.42 32.19 31.65
9/30/2012 14.98 38.82 32.37 35.05
10/31/2012 14.98 38.17 32.63 32.56
11/30/2012 15.36 38.72 32.84 33.33
12/31/2012 15.64 39.20 32.65 34.54
1/31/2013 17.80 41.20 31.72 41.51
2/28/2013 18.31 42.34 32.38 43.43
3/31/2013 19.73 44.35 32.49 48.81
4/30/2013 21.26 46.16 33.83 51.68
5/31/2013 21.00 45.67 31.44 55.23
6/30/2013 19.24 43.58 29.41 53.14
7/31/2013 20.78 46.42 29.58 60.94
8/31/2013 19.50 44.52 28.92 56.27
9/30/2013 20.80 47.29 30.14 61.18
10/31/2013 23.00 50.26 31.19 68.58
11/30/2013 24.43 51.42 30.70 73.72
12/31/2013 26.27 52.25 29.96 78.12
1/31/2014 26.01 52.03 31.88 71.96
2/28/2014 28.50 55.07 32.59 79.83
3/31/2014 28.92 55.21 32.36 81.34
4/30/2014 29.71 56.16 33.48 82.68
5/31/2014 31.29 58.52 35.00 86.97
6/30/2014 32.24 59.97 35.07 90.83
7/31/2014 31.04 58.62 34.73 88.20
8/31/2014 33.17 62.08 36.21 95.73
9/30/2014 31.46 60.20 35.29 92.98
10/31/2014 32.12 62.82 36.62 97.70
11/30/2014 32.79 64.95 37.59 103.01
12/31/2014 32.27 65.10 37.72 102.50
1/31/2015 32.81 65.75 40.61 96.42
2/28/2015 34.57 68.04 39.28 107.71
3/31/2015 34.73 67.97 39.93 104.43
4/30/2015 34.73 67.86 39.43 106.39
5/31/2015 35.13 68.42 39.09 109.04
6/30/2015 33.52 66.27 37.58 104.99
7/31/2015 34.62 68.03 38.53 109.29
8/31/2015 31.74 64.36 38.33 96.66
9/30/2015 30.81 63.48 39.27 91.80
10/31/2015 33.56 67.95 39.29 107.98
11/30/2015 32.87 68.00 38.92 108.59
12/31/2015 31.25 66.50 38.47 105.30
1/31/2016 29.86 64.69 40.38 95.12
2/29/2016 29.86 65.50 41.38 94.85
3/31/2016 33.09 70.53 42.67 108.07
4/30/2016 34.21 71.35 43.22 108.88
5/31/2016 35.75 72.47 43.26 112.63
6/30/2016 37.19 74.69 45.83 113.18
7/31/2016 38.74 77.82 46.75 121.04
8/31/2016 38.74 77.86 46.59 121.35
9/30/2016 39.05 77.92 46.50 121.39
10/31/2016 38.48 75.69 45.38 117.35
11/30/2016 39.33 75.68 41.94 125.40
12/31/2016 40.76 77.05 42.14 129.86
1/31/2017 41.48 78.45 42.42 134.22
2/28/2017 44.34 81.55 43.38 143.52
3/31/2017 43.79 81.55 43.30 143.80
4/30/2017 44.80 83.14 44.41 146.31
5/31/2017 45.66 84.73 45.52 149.77
6/30/2017 45.68 85.21 45.37 151.33
7/31/2017 46.69 86.95 46.00 156.50
8/31/2017 46.84 88.18 47.31 157.28
9/30/2017 48.02 89.20 46.61 162.59
10/31/2017 48.31 90.71 46.69 168.72
11/30/2017 50.06 92.57 46.50 176.96
12/31/2017 50.58 93.83 47.18 180.04
1/31/2018 52.64 95.88 45.48 196.07
2/28/2018 49.55 92.24 44.10 185.16
3/31/2018 48.69 91.76 45.03 177.91
4/30/2018 48.24 91.14 43.95 178.98
5/31/2018 48.98 93.93 44.97 185.70
6/30/2018 48.70 94.24 44.80 187.46
7/31/2018 51.67 96.52 44.83 198.15
8/31/2018 52.86 99.75 45.76 207.87
9/30/2018 53.32 99.04 44.82 209.62
Date Dividends
12/30/2013 0.1288
3/24/2014 0.0669
6/23/2014 0.0682
9/22/2014 0.0681
12/29/2014 0.1288
3/20/2015 0.0669
6/19/2015 0.0678
9/25/2015 0.0682
12/15/2015 0.098
3/24/2016 0.0671
6/24/2016 0.0678
9/23/2016 0.0678
12/13/2016 0.087
3/24/2017 0.0673
6/23/2017 0.0679
9/22/2017 0.0672
12/12/2017 0.0922
3/23/2018 0.0661
6/22/2018 0.0668
9/21/2018 0.0668

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 investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y 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 10/15/2018

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 Issuers

(11.7% of assets as of 09/30/2018)


Portfolio Allocation

(74.4% of assets as of 09/30/2018)


Equity Strategy High Grade Fixed Income Strategy Opportunistic Strategy
39.7% 21.8% 12.9%

Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Fixed Income Sector
Country Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
United States 79.7% - -
Germany 2.5% - -
United Kingdom 2.0% - -
Netherlands 1.1% - -
Switzerland 1.0% - -
Canada 0.9% - -
France 0.8% - -
Russia 0.7% - -
Bermuda 0.7% - -
Luxembourg 0.3% - -
Belgium 0.2% - -
Supranational (non-iso) 0.2% - -
Australia 0.1% - -
Marshall Islands 0.1% - -
Portugal 0.1% - -
Norway 0.1% - -
Hong Kong 0.1% - -
Cayman Islands 0.1% - -
Ireland 0.1% - -
Developed Markets Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Americas 81.5% - -
Europe 5.1% - -
Supranational 0.2% - -
Asia Pacific -1.0% - -
Emerging Markets Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Europe 0.7% - -
Americas -0.5% - -
Asia Pacific -5.8% - -
Equity Sector Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Financials 7.2% - -
Health Care 6.9% - -
Industrials 4.9% - -
Broad Market 4.9% - -
Information Technology 3.9% - -
Communication Services 3.4% - -
Energy 3.4% - -
Consumer Staples 2.6% - -
Utilities 1.8% - -
Materials 1.7% - -
Consumer Discretionary 0.6% - -
Fixed Income Sector Capital Income Fund 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Corporates 34.8% - -
ABS 10.0% - -
Agencies MBS 9.8% - -
Non Agencies MBS 4.5% - -
CMBS 2.6% - -
Catastrophe 1.1% - -
Agencies -3.2% - -
Treasuries -20.8% - -
Analytics
(As of 09/30/2018)

Morningstar 09/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
439
Category
Allocation--30% to 50% Equity
Performance Statistics
3Y
5Y
Alpha
-0.09
-0.27
Beta
0.84
0.86
Information Ratio
-0.67
-0.72
R-Squared
79.04
83.04
Sharpe Ratio
1.43
1.31
Standard Deviation
3.28
3.43
Sortino Ratio
2.79
2.39
Tracking Error
1.62
1.50
Yields
Standardized Yield
2.86%
Unsubsidized Yield
2.80%
Portfolio Characteristics
Fund
Fund Index
Return on Equity
10.95%
16.83%
EPS Growth Rate 3Y
2.17%
10.55%
EPS Growth Rate 5Y
2.19%
8.11%
Sales Growth Rate 3Y
3.33%
6.53%
Sales Growth Rate 5Y
2.71%
6.14%
Yield to Maturity
3.15%
2.24%
Yield to Worst
1.97%
2.24%
Current Duration
1.60 yrs
3.90 yrs
Turnover Ratio
92%
-
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
9/21/2018
Per Share ($)
$0.0668
12-Month Distribution ($)
$0.2919
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents
  1. 1. The Fund's investment objective changed from "seeks as much current income as is compatible with prudent investment" to "seeks total return" on 12/28/12.
  2. 2. Effective 11/1/13, the Fund increased its investment limit on below-investment-grade securities from 25% to 40%, and the Fund increased its investment limit on illiquid securities from 10% to 15%. Please see the Fund's prospectus and prospectus supplement for further information.
  3. 3. 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. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Mortgage-backed securities are subject to prepayment risk. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments. Asset-backed securities are subject to prepayment risk. 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. The Fund may also invest through a wholly-owned Cayman Islands subsidiary, which involves the risk that changes to the laws of the Cayman Islands could negatively affect the Fund. Diversification does not guarantee profit or protect against loss.
  4. 4. The Manager has contractually agreed to waive expenses in an amount equal to the management fee it receives from its Subsidiary for so long as the Fund invests in the Subsidiary. This waiver may not be terminated without the prior approval of the Fund's Board of Trustees.
  5. 5. 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.
  6. 6. The index returns are made up of the returns of 35% Russell 3000® Index and 65% Bloomberg Barclays U.S. Aggregate Bond Index. The Russell 3000® Index measures the performance of the largest 3,000 U.S. companies, representing approximately 98% of the investable U.S. equity market. The Bloomberg Barclays U.S. Aggregate Bond Index is an index of U.S dollar-denominated, investment-grade U.S. corporate government and mortgage-backed securities. The indices are unmanaged 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.
  7. 7. 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.
  8. 8. 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.
  9. 9. 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.
  10. 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.
  11. 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.
  12. 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.
  13. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  14. E. 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.
  15. F. 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.
  16. G. The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 R shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
     
  17. H. The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y 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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