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OEGYX

Discovery Mid Cap Growth Fund
  • A
  • 1

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Overview

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

Inception Date
November 1, 2000
Investment Style
Mid Cap Growth
Fund Index
Russell Midcap® Growth Index
CUSIP
68379Y501
NAV
  • B
(as of 01/23/2019)
$20.37
Total Assets
(as of 12/31/2018)
$1.21 BN
Gross Expense Ratio
(as of 12/31/2018)
0.87%
Net Expense Ratio
(as of 12/31/2018)
0.87%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 12/31/2018
  • C
as of 12/31/2018
  • C

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
Discovery Mid Cap Growth Fund (NAV)
-6.23% -6.23% 7.13% 6.67% 13.27% 6.73%
Russell Midcap® Growth Index
-4.75% -4.75% 8.59% 7.42% 15.13% 4.81%
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund (NAV)
-6.23% -6.23% 7.13% 6.67% 13.27% 6.73%
Russell Midcap® Growth Index
-4.75% -4.75% 8.59% 7.42% 15.13% 4.81%
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 Mid Cap Growth Fund Russell Midcap® Growth Index
2001 0.62% -11.29%
2002 -36.50% 0.07%
2003 64.74% -0.87%
2004 5.96% -0.18%
2005 5.26% 5.50%
2006 7.37% 12.26%
2007 24.05% 9.69%
2008 -38.46% -41.50%
2009 24.87% 41.66%
2010 27.07% 28.86%
2011 0.88% -1.57%
2012 16.02% 16.13%
2013 35.55% 37.06%
2014 5.68% 11.90%
2015 6.29% -0.20%
2016 2.15% 7.33%
2017 28.37% 25.27%
2018 -6.23% -4.75%

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 Mid Cap Growth Fund Russell Midcap® Growth Index (Linked Index) MSCI World S&P 500
12/31/2008 0.00 0.00 0.00 0.00
1/31/2009 -4.72 -6.02 -8.76 -8.43
2/28/2009 -13.39 -14.15 -18.10 -18.18
3/31/2009 -8.04 -5.97 -11.92 -11.01
4/30/2009 -2.04 8.02 -2.04 -2.49
5/31/2009 0.77 11.90 6.83 2.96
6/30/2009 3.44 14.52 6.35 3.16
7/31/2009 9.06 23.42 15.36 10.97
8/31/2009 10.59 25.93 20.12 14.97
9/30/2009 16.84 34.18 24.90 19.26
10/31/2009 11.99 26.81 22.68 17.05
11/30/2009 16.71 31.51 27.70 24.07
12/31/2009 24.87 41.66 29.99 26.46
1/31/2010 17.60 35.82 24.62 21.92
2/28/2010 23.98 42.73 26.37 25.69
3/31/2010 31.89 54.13 34.20 33.28
4/30/2010 35.97 59.53 34.22 35.38
5/31/2010 26.53 48.69 21.36 24.57
6/30/2010 18.88 39.08 17.20 18.05
7/31/2010 26.40 48.36 26.70 26.32
8/31/2010 22.32 38.96 21.97 20.62
9/30/2010 36.99 57.36 33.34 31.38
10/31/2010 43.24 63.28 38.32 36.38
11/30/2010 51.28 69.86 35.33 36.40
12/31/2010 58.67 82.54 45.28 45.51
1/31/2011 61.73 84.61 48.56 48.96
2/28/2011 71.68 94.72 53.76 54.07
3/31/2011 78.70 100.49 52.25 54.13
4/30/2011 83.93 107.49 58.71 58.69
5/31/2011 80.48 104.94 55.42 56.90
6/30/2011 81.76 101.25 52.96 54.28
7/31/2011 76.40 93.44 50.19 51.14
8/31/2011 62.24 77.61 39.61 42.93
9/30/2011 48.09 58.28 27.55 32.89
10/31/2011 65.43 82.73 40.74 47.41
11/30/2011 64.80 81.86 37.31 47.08
12/31/2011 60.08 79.67 37.23 48.59
1/31/2012 69.77 93.52 44.12 55.25
2/29/2012 80.48 102.41 51.16 61.96
3/31/2012 85.97 105.91 53.10 67.29
4/30/2012 89.16 104.15 51.36 66.24
5/31/2012 76.79 88.77 38.30 56.25
6/30/2012 81.63 94.84 45.34 62.69
7/31/2012 79.34 92.90 47.21 64.95
8/31/2012 86.48 100.35 50.94 68.66
9/30/2012 89.92 105.01 55.09 73.02
10/31/2012 83.04 101.15 54.04 69.82
11/30/2012 84.69 104.68 56.01 70.81
12/31/2012 85.71 108.65 58.95 72.37
1/31/2013 96.05 122.98 67.04 81.29
2/28/2013 96.56 124.36 67.32 83.76
3/31/2013 102.17 134.10 71.24 90.65
4/30/2013 102.30 134.93 76.63 94.32
5/31/2013 106.51 144.58 76.70 98.87
6/30/2013 105.48 141.65 72.35 96.19
7/31/2013 119.39 156.69 81.42 106.18
8/31/2013 120.66 151.80 77.56 100.21
9/30/2013 134.31 164.23 86.44 106.49
10/31/2013 142.73 171.15 93.73 115.98
11/30/2013 144.90 177.14 97.18 122.56
12/31/2013 151.73 185.98 101.35 128.19
1/31/2014 151.20 179.76 93.89 120.30
2/28/2014 168.77 197.33 103.60 130.38
3/31/2014 153.06 191.82 103.89 132.32
4/30/2014 135.89 187.54 105.98 134.03
5/31/2014 140.82 195.35 110.04 139.53
6/30/2014 153.46 204.58 113.79 144.48
7/31/2014 145.74 195.48 110.38 141.10
8/31/2014 159.05 211.40 115.02 150.75
9/30/2014 152.80 202.36 109.18 147.23
10/31/2014 159.32 210.71 110.53 153.27
11/30/2014 166.24 220.92 114.75 160.08
12/31/2014 166.03 220.01 111.29 159.43
1/31/2015 164.13 214.62 107.46 151.64
2/28/2015 183.60 236.28 119.62 166.10
3/31/2015 187.41 237.23 116.18 161.89
4/30/2015 182.29 234.86 121.25 164.41
5/31/2015 190.78 238.83 122.01 167.81
6/30/2015 191.51 233.38 116.85 162.62
7/31/2015 198.83 238.78 120.74 168.13
8/31/2015 182.58 219.07 106.13 151.95
9/30/2015 171.74 206.74 98.53 145.71
10/31/2015 184.78 226.05 114.26 166.44
11/30/2015 186.82 226.76 113.20 167.23
12/31/2015 182.75 219.37 109.45 163.02
1/31/2016 162.98 195.20 96.92 149.97
2/29/2016 157.81 199.82 95.45 149.63
3/31/2016 173.17 221.22 108.72 166.56
4/30/2016 175.60 221.03 112.02 167.60
5/31/2016 184.73 226.29 113.21 172.40
6/30/2016 187.31 226.24 110.82 173.11
7/31/2016 199.63 242.40 119.73 183.18
8/31/2016 198.87 241.39 119.91 183.58
9/30/2016 197.35 241.22 121.08 183.63
10/31/2016 184.88 227.36 116.80 178.46
11/30/2016 192.79 241.59 119.92 188.77
12/31/2016 188.82 242.78 125.18 194.48
1/31/2017 202.31 254.21 130.62 200.06
2/28/2017 211.51 264.39 137.01 211.98
3/31/2017 213.35 266.41 139.54 212.34
4/30/2017 219.33 271.85 143.08 215.55
5/31/2017 232.06 280.73 148.23 219.99
6/30/2017 230.06 281.86 149.18 221.98
7/31/2017 235.58 288.24 155.15 228.61
8/31/2017 240.64 290.98 155.50 229.61
9/30/2017 247.39 302.03 161.24 236.41
10/31/2017 263.94 313.28 166.18 244.26
11/30/2017 271.91 327.09 171.94 254.82
12/31/2017 270.76 329.39 175.62 258.76
1/31/2018 293.71 353.69 190.17 279.31
2/28/2018 279.58 339.45 178.15 265.33
3/31/2018 279.41 338.73 172.09 256.04
4/30/2018 279.24 334.59 175.22 257.41
5/31/2018 294.71 350.84 176.94 266.01
6/30/2018 293.22 352.58 176.81 268.27
7/31/2018 300.87 362.30 185.46 281.97
8/31/2018 328.65 388.94 188.99 294.42
9/30/2018 327.65 386.86 190.60 296.66
10/31/2018 277.75 338.65 169.26 269.55
11/30/2018 280.91 349.81 172.32 277.08
12/31/2018 247.66 308.99 151.61 243.03

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 01/23/2019

Date 2014 2015 2016 2017 2018
Short Term 0.1317 0.0014
Long Term 1.7708 0.7206 0.1518 1.7268 1.7833
Total Amount of Distribution 1.7708 0.7206 0.1518 1.8585 1.7848
Record Date 12/9/14 12/2/15 12/5/16 12/4/17 12/6/18
Ex Div Date 12/10/14 12/3/15 12/6/16 12/5/17 12/7/18
Pay Date 12/10/14 12/3/15 12/6/16 12/5/17 12/7/18

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

Portfolio

Top Issuers

(37.5% of assets as of 12/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
United States 95.7% 100.0% -4.2%
Canada 0.4% - -
Developed Markets Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Americas 96.1% 100.0% -3.8%
Equity Sector Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Information Technology 26.5% 31.6% -5.1%
Health Care 17.1% 14.7% 2.4%
Consumer Discretionary 16.4% 16.4% 0.0%
Industrials 16.1% 15.9% 0.2%
Financials 7.2% 6.6% 0.6%
Consumer Staples 5.1% 3.4% 1.7%
Materials 2.7% 3.6% -0.9%
Real Estate 1.9% 2.3% -0.4%
Communication Services 1.8% 4.0% -2.2%
Energy 1.2% 1.5% -0.3%
Industry Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Software 9.7% 11.5% -1.8%
IT Services 9.1% 7.8% 1.3%
Health Care Equipment & Supplies 8.2% 5.6% 2.6%
Professional Services 5.4% 2.0% 3.4%
Specialty Retail 5.3% 5.1% 0.2%
Life Sciences Tools & Services 4.8% 1.6% 3.2%
Hotels Restaurants & Leisure 4.7% 3.6% 1.1%
Commercial Services & Supplies 4.6% 1.4% 3.2%
Capital Markets 3.4% 4.7% -1.3%
Food Products 3.4% 1.1% 2.3%
Health Care Providers & Services 3.3% 2.5% 0.7%
Electronic Equipment Instruments & Components 3.3% 2.5% 0.8%
Insurance 3.3% 0.4% 2.9%
Semiconductors & Semiconductor Equipment 2.7% 5.6% -2.9%
Industrial Conglomerates 2.2% 0.2% 2.0%
Machinery 2.0% 4.0% -2.0%
Textiles Apparel & Luxury Goods 1.9% 1.9% 0.0%
Diversified Consumer Services 1.6% 0.8% 0.8%
Distributors 1.5% 0.3% 1.2%
Containers & Packaging 1.5% 1.2% 0.4%
Asset Allocation Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Equity 96.1% 100.0% -3.9%
Net Cash and Equivalents 3.9% - -
Market Cap Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Mid 71.3% 66.4% 4.9%
Large 24.8% 31.0% -6.2%
Analytics
(As of 12/31/2018)

Morningstar 12/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
542
Category
Mid-Cap Growth
Analyst Rating (as of 7/31/18)
Bronze
Performance Statistics
3Y
5Y
Alpha
-1.36
-0.67
Beta
1.01
1.02
Information Ratio
-0.37
-0.15
R-Squared
91.62
87.37
Sharpe Ratio
0.49
0.49
Standard Deviation
13.76
13.60
Sortino Ratio
0.67
0.71
Win Ratio
56.00
60.00
Loss Ratio
44.00
40.00
Tracking Error
4.00
4.85
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$13.99 B
$14.48 B
Median Market Cap (weighted)
$12.23 B
$13.04 B
P/E Ratio (LTM)
28.11
23.58
P/E Ratio (NTM)
22.33
18.49
Price/Book
5.52
5.65
Return on Equity
16.17%
17.41%
EPS Growth Rate 3Y
38.81%
20.39%
EPS Growth Rate 5Y
38.81%
20.39%
Sales Growth Rate 3Y
14.39%
13.83%
Sales Growth Rate 5Y
14.39%
-
Turnover Ratio
108%
-
Active Share
75.81%
-
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
12/7/2018
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Distribution Sources
  • E
Net Income
0.00%
Net Profit from Sale
93.00%
Other Capital Sources
7.00%
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. Investments in securities of growth companies may be 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. 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 index returns are made up of the returns of (i) the Russell 2500™ Growth Index from November, 1, 2000 through June 30, 2013, and (ii) the Russell Midcap® Growth Index from July 1, 2013 to present.  Index performance includes total returns from when first available. The Russell Midcap® Growth Index measures the performance of the mid-cap growth segment of the U.S. equity universe. It includes those Russell Midcap® Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2500™ Growth Index measures the performance of the small to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500 companies with higher price-to-book ratios and higher forecasted growth values. 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.
  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. 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 morelikely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weighting of each pillar may vary. The Analyst Rating reflects an overall assessment and is overseen by Morningstar’s Analyst Rating Committee. The analyst rating scale is five-tiered, with threepositive 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 causeMstar’s expectations not to occur or to differ significantly.
  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 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.
  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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