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OPOCX

Discovery Fund
  • A
  • 1

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Special Notice

As of 6/28/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.

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Overview

The Strategy typically invests in small-cap U.S. growth stocks.

Inception Date
September 11, 1986
Investment Style
Small Cap Growth
Fund Index
Russell 2000® Growth Index
CUSIP
683921100
NAV
  • B
(as of 05/24/2018)
$86.19
Total Assets
(as of 04/30/2018)
$2.23 BN
Gross Expense Ratio
(as of 04/30/2018)
1.12%
Net Expense Ratio
(as of 04/30/2018)
1.12%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2018
  • C
as of 03/31/2018
  • C

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • C
Cumulative
Annualized
ytd as of 2018-03-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
4.04% 23.54% 9.95% 12.86% 11.06% 10.60%
Russell 2000® Growth Index
2.30% 18.63% 8.77% 12.90% 10.95% -
Cumulative
Annualized
ytd as of 2018-03-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (with sales charge)
-1.95% 16.43% 7.80% 11.54% 10.41% 10.39%
Russell 2000® Growth Index
2.30% 18.63% 8.77% 12.90% 10.95% -
Cumulative
Annualized
ytd as of 2018-04-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
3.54% 20.00% 11.11% 12.97% 10.26% 10.55%
Russell 2000® Growth Index
2.40% 16.60% 9.89% 13.07% 10.41% -
Cumulative
Annualized
ytd as of 2018-04-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (with sales charge)
-2.42% 13.11% 8.94% 11.63% 9.61% 10.35%
Russell 2000® Growth Index
2.40% 16.60% 9.89% 13.07% 10.41% -
Gross Expense Ratio: 1.12% | Net Expense Ratio: 1.12%

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 Discovery Fund Russell 2000® Growth Index
1987 13.66% -
1988 19.69% -
1989 34.03% -
1990 -15.05% -
1991 72.31% -
1992 16.63% 7.77%
1993 17.84% 13.37%
1994 -11.18% -2.43%
1995 36.79% 31.04%
1996 14.79% 11.26%
1997 10.36% 12.95%
1998 -2.00% 1.23%
1999 51.31% 43.09%
2000 -13.26% -22.43%
2001 -11.59% -9.23%
2002 -24.10% -30.26%
2003 38.98% 48.54%
2004 3.98% 14.31%
2005 1.34% 4.15%
2006 4.84% 13.35%
2007 25.81% 7.05%
2008 -38.59% -38.54%
2009 27.31% 34.47%
2010 27.75% 29.09%
2011 1.47% -2.91%
2012 16.99% 14.59%
2013 46.12% 43.30%
2014 -2.19% 5.60%
2015 1.98% -1.38%
2016 4.23% 11.32%
2017 29.12% 22.17%

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.


Date Discovery Fund Russell 2000® Growth Index MSCI World S&P 500
4/30/2008 0.00 0.00 0.00 0.00
5/31/2008 5.87 5.66 1.52 1.30
6/30/2008 3.82 -0.63 -6.57 -7.24
7/31/2008 3.90 1.68 -8.86 -8.02
8/31/2008 3.94 4.20 -10.14 -6.69
9/30/2008 -9.27 -7.58 -20.82 -15.01
10/31/2008 -26.34 -27.63 -35.84 -29.28
11/30/2008 -34.81 -36.39 -39.99 -34.36
12/31/2008 -32.25 -32.94 -38.06 -33.66
1/31/2009 -35.46 -38.04 -43.49 -39.25
2/28/2009 -41.36 -44.46 -49.27 -45.72
3/31/2009 -38.02 -39.47 -45.45 -40.96
4/30/2009 -34.09 -30.36 -39.33 -35.31
5/31/2009 -32.08 -27.67 -33.83 -31.69
6/30/2009 -30.01 -25.32 -34.13 -31.56
7/31/2009 -25.85 -19.53 -28.55 -26.38
8/31/2009 -24.89 -18.75 -25.60 -23.72
9/30/2009 -20.16 -13.41 -22.64 -20.88
10/31/2009 -23.95 -19.43 -24.02 -22.35
11/30/2009 -20.46 -16.94 -20.91 -17.69
12/31/2009 -13.76 -9.83 -19.49 -16.10
1/31/2010 -18.19 -13.86 -22.82 -19.12
2/28/2010 -14.95 -10.10 -21.73 -16.61
3/31/2010 -8.15 -2.96 -16.88 -11.58
4/30/2010 -5.30 1.11 -16.87 -10.19
5/31/2010 -11.18 -5.57 -24.83 -17.36
6/30/2010 -17.10 -11.91 -27.41 -21.68
7/31/2010 -13.19 -6.08 -21.53 -16.20
8/31/2010 -17.37 -12.93 -24.46 -19.98
9/30/2010 -6.88 -0.61 -17.41 -12.84
10/31/2010 -1.35 3.67 -14.33 -9.52
11/30/2010 4.00 8.19 -16.18 -9.51
12/31/2010 10.17 16.40 -10.02 -3.46
1/31/2011 12.26 15.75 -7.99 -1.17
2/28/2011 20.68 22.56 -4.76 2.21
3/31/2011 26.49 27.16 -5.70 2.25
4/30/2011 32.54 31.74 -1.70 5.28
5/31/2011 28.87 29.17 -3.74 4.09
6/30/2011 28.13 26.41 -5.26 2.35
7/31/2011 22.73 21.45 -6.98 0.27
8/31/2011 12.52 11.05 -13.53 -5.18
9/30/2011 2.95 -1.72 -21.00 -11.84
10/31/2011 14.75 13.87 -12.83 -2.21
11/30/2011 13.85 13.27 -14.96 -2.42
12/31/2011 11.79 13.02 -15.00 -1.42
1/31/2012 17.41 21.47 -10.74 2.99
2/29/2012 24.63 25.47 -6.38 7.45
3/31/2012 28.05 28.02 -5.18 10.98
4/30/2012 31.36 25.92 -6.25 10.29
5/31/2012 22.52 16.95 -14.34 3.66
6/30/2012 25.93 22.98 -9.98 7.93
7/31/2012 26.20 20.83 -8.82 9.43
8/31/2012 31.81 25.17 -6.51 11.89
9/30/2012 35.75 28.93 -3.94 14.78
10/31/2012 30.84 24.92 -4.59 12.66
11/30/2012 29.15 25.88 -3.37 13.32
12/31/2012 30.79 29.50 -1.55 14.35
1/31/2013 38.39 38.03 3.46 20.27
2/28/2013 38.72 39.49 3.63 21.91
3/31/2013 45.72 46.61 6.06 26.48
4/30/2013 44.36 45.65 9.40 28.92
5/31/2013 51.22 53.04 9.44 31.93
6/30/2013 52.40 52.09 6.74 30.16
7/31/2013 64.71 63.59 12.36 36.78
8/31/2013 67.06 60.40 9.97 32.82
9/30/2013 77.26 71.56 15.47 36.99
10/31/2013 81.46 74.69 19.99 43.28
11/30/2013 85.92 81.86 22.12 47.65
12/31/2013 91.10 85.58 24.71 51.39
1/31/2014 88.03 82.37 20.09 46.15
2/28/2014 97.76 91.19 26.10 52.84
3/31/2014 86.52 86.48 26.28 54.12
4/30/2014 70.21 76.90 27.58 55.26
5/31/2014 69.61 78.61 30.09 58.91
6/30/2014 82.21 89.69 32.42 62.19
7/31/2014 70.98 78.20 30.30 59.95
8/31/2014 79.07 88.14 33.17 66.35
9/30/2014 73.35 78.07 29.56 64.02
10/31/2014 82.33 89.11 30.40 68.03
11/30/2014 84.08 90.33 33.01 72.54
12/31/2014 86.91 95.98 30.87 72.11
1/31/2015 83.56 91.51 28.49 66.94
2/28/2015 97.35 105.29 36.02 76.54
3/31/2015 100.77 108.97 33.89 73.75
4/30/2015 93.60 102.83 37.03 75.41
5/31/2015 103.09 110.28 37.51 77.67
6/30/2015 107.86 113.10 34.31 74.23
7/31/2015 114.64 113.97 36.72 77.88
8/31/2015 96.98 97.76 27.67 67.15
9/30/2015 87.96 85.27 22.96 63.01
10/31/2015 95.11 95.78 32.71 76.76
11/30/2015 98.16 102.95 32.05 77.29
12/31/2015 90.61 93.27 29.73 74.49
1/31/2016 72.42 72.33 21.96 65.83
2/29/2016 68.96 71.11 21.06 65.61
3/31/2016 79.56 84.22 29.27 76.84
4/30/2016 82.46 86.06 31.32 77.53
5/31/2016 87.44 91.07 32.05 80.72
6/30/2016 91.74 90.19 30.58 81.19
7/31/2016 99.76 102.63 36.09 87.87
8/31/2016 100.49 104.78 36.20 88.13
9/30/2016 100.46 107.73 36.93 88.17
10/31/2016 90.19 94.82 34.28 84.73
11/30/2016 101.72 112.25 36.21 91.57
12/31/2016 98.66 115.15 39.47 95.36
1/31/2017 107.17 118.64 42.83 99.07
2/28/2017 111.80 124.00 46.80 106.97
3/31/2017 116.03 126.65 48.36 107.21
4/30/2017 121.30 130.83 50.56 109.34
5/31/2017 124.56 128.73 53.74 112.29
6/30/2017 127.11 136.60 54.33 113.61
7/31/2017 130.07 138.62 58.03 118.00
8/31/2017 129.60 138.34 58.25 118.67
9/30/2017 139.78 151.31 61.80 123.18
10/31/2017 148.73 155.21 64.86 128.39
11/30/2017 156.44 162.53 68.43 135.39
12/31/2017 156.51 162.84 70.71 138.01
1/31/2018 168.12 173.08 79.72 151.64
2/28/2018 164.22 165.31 72.28 142.36
3/31/2018 166.87 168.88 68.52 136.20
4/30/2018 165.58 169.14 70.46 137.11

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 05/25/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term 5.9890 7.0126 4.6368 2.9326 9.6645
Total Amount of Distribution 5.9890 7.0126 4.6368 2.9326 9.6645
Record Date 12/3/13 12/2/14 12/2/15 12/5/16 12/4/17
Ex Div Date 12/4/13 12/3/14 12/3/15 12/6/16 12/5/17
Pay Date 12/5/13 12/3/14 12/3/15 12/6/16 12/5/17

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

Portfolio

Top Issuers

(33.3% of assets as of 04/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Discovery Fund Russell 2000® Growth Index Overweight / Underweight
United States 98.4% 99.8% -1.3%
Canada 0.3% 0.0% 0.2%
Developed Markets Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Americas 98.7% 100.0% -1.3%
Equity Sector Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Information Technology 29.4% 25.0% 4.4%
Health Care 21.9% 25.5% -3.5%
Industrials 17.4% 17.2% 0.2%
Consumer Discretionary 16.5% 13.4% 3.1%
Financials 9.0% 6.1% 2.9%
Materials 3.4% 4.4% -1.0%
Energy 1.1% 1.4% -0.2%
Industry Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Software 13.8% 6.9% 6.9%
Health Care Equipment & Supplies 12.9% 6.4% 6.5%
Internet Software & Services 7.3% 6.7% 0.6%
Semiconductors & Semiconductor Equipment 5.8% 4.5% 1.3%
Aerospace & Defense 4.6% 1.0% 3.6%
Hotels Restaurants & Leisure 4.5% 4.6% -0.1%
Machinery 3.5% 4.3% -0.8%
Banks 3.5% 2.3% 1.3%
Biotechnology 3.1% 9.4% -6.3%
Specialty Retail 2.7% 1.7% 1.0%
Capital Markets 2.7% 1.6% 1.1%
Construction & Engineering 2.6% 1.4% 1.2%
Diversified Consumer Services 2.2% 1.3% 1.0%
Health Care Providers & Services 2.1% 3.4% -1.3%
Life Sciences Tools & Services 2.1% 1.0% 1.1%
Electronic Equipment Instruments & Components 2.0% 2.0% 0.0%
Distributors 1.9% 0.1% 1.8%
Trading Companies & Distributors 1.9% 1.1% 0.7%
Household Durables 1.8% 1.3% 0.4%
Building Products 1.8% 1.9% -0.1%
Asset Allocation Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Equity 98.7% 100.0% -1.3%
Market Cap Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Mid 70.8% 36.0% 34.8%
Small 27.9% 64.0% -36.1%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
601
Category
Small Growth
Analyst Rating (as of 7/26/17)
Silver
Performance Statistics
3Y
5Y
Alpha
2.73
1.26
Beta
0.81
0.89
Information Ratio
0.22
-0.02
R-Squared
85.08
85.99
Sharpe Ratio
0.85
0.93
Standard Deviation
12.64
13.85
Upside Capture
90.63
92.39
Downside Capture
77.07
86.89
Sortino Ratio
0.35
0.41
Win Ratio
53.00
52.00
Loss Ratio
47.00
48.00
Tracking Error
5.55
5.42
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
12/5/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$4.70 B
$2.90 B
Median Market Cap (weighted)
$4.20 B
$2.60 B
P/E Ratio (LTM)
48.05
37.34
P/E Ratio (NTM)
28.95
23.87
Price/Book
5.64
4.19
Return on Equity
9.31%
10.04%
Turnover Ratio
107.00%
-
Active Share
82.81%
-
Distribution Sources
  • E
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Documents
  1. 1. Special Risks: Small-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 small-sized company, if any gain is realized at all. Investments in securities of growth companies may be volatile. 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. Access index definitions.
  4. 4. Holdings are subject to change, and are dollar weighted based on total net 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. The Morningstar Analyst Rating is not a credit or risk rating but a subjective evaluation performed by the analysts of Morningstar, Inc. (Mstar). Mstar evaluates funds based on five key pillars (process, performance, people, parent and price). Mstar's analysts use this evaluation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weightings of each pillar may vary. The Analyst Rating reflects overall assessment and is overseen by Morningstar's Analyst Rating Committee. The analyst rating scale is five-tiered, with three positive ratings (Gold, Silver, Bronze), a Neutral rating and a Negative rating, with Gold being the highest rating and Negative being the lowest rating. The Mstar Analyst Ratings should not be used as the sole basis in evaluating a mutual fund and are based on Mstar's current expectations about future events. Mstar does not represent ratings as a guarantee. Analyst Ratings involve unknown risks and uncertainties which may cause Mstar's expectations not to occur or to differ significantly.
  7. A. As of 6/28/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.
  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.
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