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ODIYX

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
June 1, 1994
Investment Style
Small Cap Growth
Fund Index
Russell 2000® Growth Index
CUSIP
683921308
NAV
  • B
(as of 01/19/2018)
$92.06
Total Assets
(as of 12/31/2017)
$2.18 BN
Gross Expense Ratio
(as of 12/31/2017)
0.87%
Net Expense Ratio
(as of 12/31/2017)
0.87%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 12/31/2017
  • K
as of 12/31/2017
  • K

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2017-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
29.40% 29.40% 11.39% 14.71% 9.14% 8.76%
Russell 2000® Growth Index
22.17% 22.17% 10.28% 15.21% 9.19% -
Cumulative
Annualized
ytd as of 2017-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
29.40% 29.40% 11.39% 14.71% 9.14% 8.76%
Russell 2000® Growth Index
22.17% 22.17% 10.28% 15.21% 9.19% -
Gross Expense Ratio: 0.87% | Net Expense Ratio: 0.87%

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 Discovery Fund Russell 2000® Growth Index
1995 36.97% 31.04%
1996 15.08% 11.26%
1997 10.74% 12.95%
1998 -1.73% 1.23%
1999 51.72% 43.09%
2000 -13.04% -22.43%
2001 -11.32% -9.23%
2002 -23.86% -30.26%
2003 39.34% 48.54%
2004 4.33% 14.31%
2005 1.60% 4.15%
2006 5.07% 13.35%
2007 26.08% 7.05%
2008 -38.41% -38.54%
2009 27.64% 34.47%
2010 28.33% 29.09%
2011 1.90% -2.91%
2012 17.41% 14.59%
2013 46.55% 43.30%
2014 -1.96% 5.60%
2015 2.22% -1.38%
2016 4.48% 11.32%
2017 29.40% 22.17%

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 Discovery Fund Russell 2000® Growth Index MSCI World S&P 500
12/31/2007 0.00 0.00 0.00 0.00
1/31/2008 -11.00 -9.17 -7.64 -6.00
2/29/2008 -14.25 -12.32 -8.18 -9.05
3/31/2008 -15.28 -12.83 -9.06 -9.44
4/30/2008 -9.35 -8.35 -4.28 -5.03
5/31/2008 -4.02 -3.16 -2.82 -3.80
6/30/2008 -5.88 -8.93 -10.57 -11.91
7/31/2008 -5.81 -6.81 -12.75 -12.65
8/31/2008 -5.78 -4.50 -13.98 -11.39
9/30/2008 -17.75 -15.29 -24.21 -19.29
10/31/2008 -33.22 -33.68 -38.58 -32.84
11/30/2008 -40.90 -41.70 -42.56 -37.66
12/31/2008 -38.59 -38.54 -40.71 -37.00
1/31/2009 -41.49 -43.22 -45.91 -42.31
2/28/2009 -46.84 -49.10 -51.44 -48.45
3/31/2009 -43.81 -44.53 -47.78 -43.94
4/30/2009 -40.25 -36.18 -41.92 -38.57
5/31/2009 -38.43 -33.71 -36.66 -35.13
6/30/2009 -36.55 -31.56 -36.95 -35.00
7/31/2009 -32.78 -26.25 -31.61 -30.09
8/31/2009 -31.91 -25.53 -28.79 -27.56
9/30/2009 -27.62 -20.64 -25.95 -24.86
10/31/2009 -31.06 -26.15 -27.26 -26.26
11/30/2009 -27.89 -23.87 -24.29 -21.83
12/31/2009 -21.82 -17.36 -22.93 -20.32
1/31/2010 -25.84 -21.05 -26.12 -23.19
2/28/2010 -22.90 -17.61 -25.08 -20.81
3/31/2010 -16.73 -11.06 -20.44 -16.03
4/30/2010 -14.15 -7.33 -20.43 -14.71
5/31/2010 -19.48 -13.46 -28.05 -21.52
6/30/2010 -24.84 -19.26 -30.52 -25.63
7/31/2010 -21.30 -13.92 -24.88 -20.42
8/31/2010 -25.09 -20.20 -27.69 -24.01
9/30/2010 -15.58 -8.90 -20.94 -17.23
10/31/2010 -10.57 -4.98 -18.00 -14.08
11/30/2010 -5.72 -0.84 -19.77 -14.07
12/31/2010 -0.12 6.68 -13.87 -8.32
1/31/2011 1.77 6.09 -11.92 -6.15
2/28/2011 9.41 12.33 -8.84 -2.93
3/31/2011 14.66 16.54 -9.74 -2.90
4/30/2011 20.15 20.74 -5.90 -0.02
5/31/2011 16.83 18.38 -7.85 -1.15
6/30/2011 16.15 15.85 -9.31 -2.80
7/31/2011 11.26 11.31 -10.96 -4.78
8/31/2011 2.00 1.78 -17.23 -9.95
9/30/2011 -6.67 -9.92 -24.38 -16.28
10/31/2011 4.02 4.36 -16.56 -7.13
11/30/2011 3.21 3.81 -18.59 -7.33
12/31/2011 1.34 3.58 -18.64 -6.39
1/31/2012 6.43 11.33 -14.56 -2.19
2/29/2012 12.98 15.00 -10.38 2.04
3/31/2012 16.09 17.33 -9.23 5.40
4/30/2012 19.08 15.41 -10.26 4.73
5/31/2012 11.07 7.18 -18.01 -1.56
6/30/2012 14.16 12.71 -13.83 2.50
7/31/2012 14.40 10.75 -12.72 3.92
8/31/2012 19.49 14.72 -10.51 6.26
9/30/2012 23.06 18.16 -8.05 9.01
10/31/2012 18.61 14.49 -8.67 6.99
11/30/2012 17.08 15.37 -7.50 7.61
12/31/2012 18.57 18.69 -5.76 8.59
1/31/2013 25.45 26.50 -0.96 14.22
2/28/2013 25.75 27.85 -0.80 15.77
3/31/2013 32.10 34.37 1.52 20.11
4/30/2013 30.87 33.49 4.72 22.43
5/31/2013 37.09 40.26 4.76 25.29
6/30/2013 38.16 39.39 2.18 23.61
7/31/2013 49.31 49.94 7.56 29.90
8/31/2013 51.45 47.00 5.27 26.13
9/30/2013 60.69 57.24 10.53 30.09
10/31/2013 64.50 60.10 14.86 36.07
11/30/2013 68.55 66.68 16.90 40.22
12/31/2013 73.24 70.09 19.38 43.77
1/31/2014 70.46 67.15 14.95 38.80
2/28/2014 79.28 75.23 20.71 45.14
3/31/2014 69.09 70.91 20.88 46.36
4/30/2014 54.30 62.14 22.12 47.45
5/31/2014 53.76 63.70 24.52 50.91
6/30/2014 65.18 73.86 26.75 54.03
7/31/2014 55.00 63.33 24.73 51.90
8/31/2014 62.34 72.44 27.48 57.98
9/30/2014 57.15 63.20 24.02 55.76
10/31/2014 65.29 73.33 24.82 59.57
11/30/2014 66.88 74.44 27.32 63.86
12/31/2014 69.44 79.62 25.27 63.45
1/31/2015 66.40 75.52 23.00 58.54
2/28/2015 78.90 88.15 30.21 67.65
3/31/2015 82.01 91.53 28.17 65.00
4/30/2015 75.51 85.89 31.17 66.58
5/31/2015 84.11 92.72 31.62 68.72
6/30/2015 88.44 95.31 28.56 65.46
7/31/2015 94.58 96.11 30.87 68.92
8/31/2015 78.57 81.25 22.21 58.73
9/30/2015 70.39 69.80 17.70 54.81
10/31/2015 76.87 79.43 27.03 67.86
11/30/2015 79.64 86.01 26.40 68.36
12/31/2015 72.80 77.14 24.18 65.71
1/31/2016 56.30 57.94 16.75 57.48
2/29/2016 53.17 56.83 15.88 57.27
3/31/2016 62.78 68.84 23.74 67.94
4/30/2016 65.41 70.52 25.70 68.59
5/31/2016 69.92 75.12 26.41 71.62
6/30/2016 73.82 74.31 24.99 72.06
7/31/2016 81.09 85.71 30.27 78.41
8/31/2016 81.75 87.69 30.38 78.66
9/30/2016 81.72 90.39 31.07 78.69
10/31/2016 72.42 78.56 28.54 75.43
11/30/2016 82.87 94.53 30.38 81.93
12/31/2016 80.10 97.18 33.50 85.53
1/31/2017 87.81 100.39 36.73 89.04
2/28/2017 92.01 105.30 40.52 96.55
3/31/2017 95.84 107.73 42.02 96.78
4/30/2017 100.62 111.56 44.12 98.80
5/31/2017 103.57 109.63 47.17 101.60
6/30/2017 105.89 116.85 47.73 102.86
7/31/2017 108.57 118.69 51.27 107.03
8/31/2017 108.15 118.44 51.48 107.66
9/30/2017 117.37 130.33 54.88 111.95
10/31/2017 125.48 133.90 57.81 116.89
11/30/2017 132.47 140.62 61.23 123.54
12/31/2017 132.54 140.89 0.00 0.00

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 01/21/2018

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

(32.5% of assets as of 12/31/2017)


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% -1.4%
Canada 0.1% 0.0% 0.1%
Developed Markets Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Americas 98.5% 100.0% -1.4%
Equity Sector Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Information Technology 26.6% 23.8% 2.8%
Industrials 21.5% 18.4% 3.1%
Health Care 20.3% 23.8% -3.5%
Consumer Discretionary 14.3% 14.0% 0.2%
Financials 8.4% 6.1% 2.3%
Materials 4.1% 4.6% -0.5%
Energy 1.9% 1.4% 0.5%
Real Estate 1.5% 3.3% -1.9%
Industry Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Software 10.2% 6.1% 4.1%
Health Care Equipment & Supplies 10.0% 5.8% 4.2%
Internet Software & Services 5.6% 5.8% -0.2%
Semiconductors & Semiconductor Equipment 5.5% 4.9% 0.7%
Aerospace & Defense 5.1% 1.0% 4.0%
Electronic Equipment Instruments & Components 4.8% 2.1% 2.6%
Machinery 4.2% 4.7% -0.4%
Biotechnology 3.9% 9.2% -5.3%
Hotels Restaurants & Leisure 3.6% 4.6% -1.0%
Banks 3.5% 2.2% 1.3%
Air Freight & Logistics 2.9% 0.3% 2.6%
Construction & Engineering 2.7% 1.6% 1.2%
Building Products 2.5% 2.3% 0.3%
Specialty Retail 2.3% 1.8% 0.5%
Diversified Consumer Services 2.0% 1.1% 0.9%
Pharmaceuticals 2.0% 3.8% -1.8%
Trading Companies & Distributors 1.9% 1.3% 0.6%
Chemicals 1.8% 2.8% -1.0%
Household Durables 1.8% 1.4% 0.4%
Capital Markets 1.7% 1.5% 0.2%
Asset Allocation Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Equity 98.5% 100.0% -1.5%
Market Cap Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Small 61.2% 92.1% -30.9%
Mid 37.4% 7.8% 29.6%
Analytics
(As of 12/31/2017)

Morningstar 12/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
609
Category
Small Growth
Analyst Rating (as of 7/26/17)
Silver
Performance Statistics
3Y
5Y
Alpha
2.53
1.09
Beta
0.84
0.89
Information Ratio
0.20
-0.09
R-Squared
86.28
86.44
Sharpe Ratio
0.85
1.04
Standard Deviation
13.32
14.00
Upside Capture
92.48
92.46
Downside Capture
81.29
88.33
Sortino Ratio
0.36
0.47
Win Ratio
53.00
48.00
Loss Ratio
47.00
52.00
Tracking Error
5.49
5.39
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)
$4.80 B
$2.60 B
Median Market Cap (weighted)
$4.10 B
$2.40 B
P/E Ratio (LTM)
52.43
61.97
P/E Ratio (NTM)
29.99
31.22
Price/Book
5.46
4.38
Return on Equity
8.80%
4.75%
EPS Growth Rate 3Y
19.50%
10.18%
EPS Growth Rate 5Y
19.50%
-
Sales Growth Rate 3Y
17.01%
10.64%
Sales Growth Rate 5Y
17.01%
-
Turnover Ratio
107.00%
-
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. 7. 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.
  8. 8. Prior to 7/1/14, Class R shares were named Class N shares. Beginning 7/1/14, new purchases of Class R shares will no longer be subject to a CDSC upon redemption (any CDSC will remain in effect for purchases prior to 7/1/14),
  9. 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.
  10. 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.
  11. 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.
  12. 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.
  13. E. There is no guarantee of the payment of any dividend or other distributions at any level.
  14. F. Class B shares convert to Class A shares 72 months after purchase; therefore "since inception", "10-year" and "15-year" returns for Class B (if applicable) use Class A performance for period after conversion.
  15. G. 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 contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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.
  16. H. 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.
  17. I. 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.
  18. J. 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 are subject to a 0.25% annual asset-backed sales charge. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). Returns do not consider capital gains or income taxes on an individual's investment.
  19. K. 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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