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OEGIX

Discovery Mid Cap Growth Fund

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Overview

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

Inception Date
February 28, 2013
Investment Style
Mid Cap Growth
Fund Index
Russell Midcap® Growth Index
CUSIP
68379Y600
NAV
  • B
(as of 05/24/2019)
$23.76
Total Assets
(as of 04/30/2019)
$1.51 BN
Gross Expense Ratio
(as of 04/30/2019)
0.70%
Net Expense Ratio
(as of 04/30/2019)
0.70%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2019
  • C
as of 03/31/2019
  • C

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2019-03-31
  • D
1 yr 3 yr 5 yr since inception
Discovery Mid Cap Growth Fund (NAV)
19.27% 19.27% 9.46% 15.12% 10.58% 13.25%
Russell Midcap® Growth Index
19.62% 19.62% 11.51% 15.06% 10.89% 7.00%
Cumulative
Annualized
3 mo ytd as of 2019-04-30
  • D
1 yr 3 yr 5 yr since inception
Discovery Mid Cap Growth Fund (NAV)
13.62% 24.31% 14.13% 16.38% 13.07% 13.83%
Russell Midcap® Growth Index
12.12% 25.00% 17.64% 16.78% 12.20% 7.22%
Gross Expense Ratio: 0.70% | Net Expense Ratio: 0.70%

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 Discovery Mid Cap Growth Fund Russell Midcap® Growth Index
2014 5.94% 11.90%
2015 6.53% -0.20%
2016 2.35% 7.33%
2017 28.54% 25.27%
2018 -6.02% -4.75%

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 Discovery Mid Cap Growth Fund Russell Midcap® Growth Index (Linked Index) MSCI World S&P 500
4/30/2014 0.00 0.00 0.00 0.00
5/31/2014 2.14 2.72 1.97 2.35
6/30/2014 7.43 5.93 3.79 4.46
7/31/2014 4.22 2.76 2.14 3.02
8/31/2014 9.85 8.30 4.39 7.14
9/30/2014 7.26 5.16 1.55 5.64
10/31/2014 10.02 8.06 2.21 8.22
11/30/2014 13.00 11.61 4.26 11.13
12/31/2014 12.91 11.30 2.58 10.85
1/31/2015 12.11 9.42 0.72 7.52
2/28/2015 20.46 16.95 6.62 13.70
3/31/2015 22.07 17.28 4.95 11.90
4/30/2015 19.90 16.46 7.41 12.98
5/31/2015 23.49 17.84 7.78 14.43
6/30/2015 23.86 15.94 5.28 12.22
7/31/2015 27.02 17.82 7.16 14.57
8/31/2015 20.15 10.97 0.07 7.65
9/30/2015 15.57 6.68 -3.62 4.99
10/31/2015 21.08 13.39 4.02 13.85
11/30/2015 22.01 13.64 3.50 14.19
12/31/2015 20.29 11.07 1.68 12.38
1/31/2016 11.87 2.66 -4.40 6.81
2/29/2016 9.68 4.27 -5.11 6.66
3/31/2016 16.24 11.72 1.33 13.90
4/30/2016 17.27 11.65 2.93 14.34
5/31/2016 21.18 13.48 3.51 16.39
6/30/2016 22.34 13.46 2.35 16.70
7/31/2016 27.55 19.08 6.67 21.00
8/31/2016 27.29 18.73 6.76 21.17
9/30/2016 26.65 18.67 7.33 21.19
10/31/2016 21.38 13.85 5.25 18.98
11/30/2016 24.72 18.80 6.77 23.39
12/31/2016 23.11 19.21 9.32 25.83
1/31/2017 28.87 23.19 11.96 28.21
2/28/2017 32.82 26.73 15.06 33.30
3/31/2017 33.60 27.43 16.29 33.46
4/30/2017 36.13 29.32 18.01 34.83
5/31/2017 41.57 32.41 20.51 36.73
6/30/2017 40.79 32.80 20.97 37.58
7/31/2017 43.18 35.02 23.87 40.41
8/31/2017 45.32 35.97 24.04 40.84
9/30/2017 48.24 39.82 26.83 43.74
10/31/2017 55.29 43.73 29.22 47.10
11/30/2017 58.73 48.54 32.02 51.61
12/31/2017 58.24 49.34 33.81 53.30
1/31/2018 68.07 57.78 40.87 62.07
2/28/2018 62.10 52.83 35.04 56.10
3/31/2018 62.03 52.58 32.09 52.13
4/30/2018 61.96 51.14 33.61 52.72
5/31/2018 68.63 56.79 34.45 56.39
6/30/2018 68.00 57.40 34.38 57.36
7/31/2018 71.30 60.78 38.58 63.21
8/31/2018 83.16 70.05 40.30 68.53
9/30/2018 82.81 69.32 41.08 69.49
10/31/2018 61.47 52.56 30.72 57.90
11/30/2018 62.87 56.44 32.20 61.12
12/31/2018 48.70 42.24 22.15 46.57
1/31/2019 62.69 58.59 31.66 58.32
2/28/2019 72.16 67.89 35.61 63.40
3/31/2019 77.36 70.15 37.40 66.58
4/30/2019 84.85 77.80 42.27 73.32

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 05/24/2019

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

(36.8% of assets as of 04/30/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
United States 97.9% 100.0% -2.0%
Canada 0.6% - -
Developed Markets Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Americas 98.5% 100.0% -1.5%
Equity Sector Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Information Technology 30.4% 33.7% -3.3%
Industrials 18.5% 15.8% 2.7%
Consumer Discretionary 16.3% 16.2% 0.1%
Health Care 13.7% 13.5% 0.2%
Financials 6.1% 6.7% -0.6%
Consumer Staples 4.2% 3.0% 1.2%
Communication Services 3.1% 3.9% -0.8%
Real Estate 2.8% 2.2% 0.6%
Materials 2.3% 3.5% -1.2%
Energy 1.1% 1.4% -0.3%
Industry Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Software 10.0% 12.8% -2.8%
IT Services 7.8% 8.1% -0.3%
Health Care Equipment & Supplies 7.2% 5.1% 2.1%
Semiconductors & Semiconductor Equipment 6.2% 6.4% -0.2%
Specialty Retail 5.5% 4.8% 0.7%
Life Sciences Tools & Services 4.9% 1.6% 3.3%
Commercial Services & Supplies 4.5% 1.4% 3.1%
Professional Services 4.0% 2.0% 2.0%
Electronic Equipment Instruments & Components 4.0% 2.5% 1.5%
Hotels Restaurants & Leisure 3.7% 3.6% 0.1%
Capital Markets 3.4% 4.7% -1.4%
Textiles Apparel & Luxury Goods 2.9% 2.0% 0.8%
Aerospace & Defense 2.6% 2.5% 0.1%
Industrial Conglomerates 2.4% 0.2% 2.2%
Food Products 2.3% 1.0% 1.2%
Insurance 2.3% 0.4% 1.9%
Machinery 2.2% 4.0% -1.8%
Equity Real Estate Investment Trusts (REITs) 2.0% 1.9% 0.1%
Distributors 1.7% 0.3% 1.4%
Diversified Consumer Services 1.6% 0.8% 0.8%
Asset Allocation Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Equity 98.5% 100.0% -1.5%
Net Cash and Equivalents 1.5% - -
Market Cap Discovery Mid Cap Growth Fund Russell Midcap® Growth Index Overweight / Underweight
Mid 55.6% 53.1% 2.5%
Large 42.5% 45.4% -2.8%
Small 0.4% 1.5% -1.2%
Analytics
(As of 04/30/2019)

Morningstar 04/30/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
549
Category
Mid-Cap Growth
Analyst Rating (as of 7/31/18)
Bronze
Performance Statistics
3Y
5Y
Alpha
-0.27
1.23
Beta
1.00
0.96
Information Ratio
-0.11
0.23
R-Squared
93.07
91.73
Sharpe Ratio
1.07
0.93
Standard Deviation
13.88
13.37
Sortino Ratio
1.62
1.44
Win Ratio
53.00
60.00
Loss Ratio
47.00
40.00
Tracking Error
3.66
3.87
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$18.05 B
$18.31 B
Median Market Cap (weighted)
$17.68 B
$16.44 B
P/E Ratio (LTM)
35.57
28.44
P/E Ratio (NTM)
27.83
22.96
Price/Book
7.22
6.73
Return on Equity
14.77%
20.84%
Turnover Ratio
108%
-
Active Share
74.37%
-
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
12/7/2018
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Distribution Sources
  • E
Net Income
0.00%
Net Profit from Sale
93.00%
Other Capital Sources
7.00%
Team
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. 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.
  3. 3. 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.
  4. 4. 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.
  5. 5. 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.
  6. 6. 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.
  7. 7. 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.
  8. 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>
  9. 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.
  10. C. 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.
  11. 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.
  12. E. There is no guarantee of the payment of any dividend or other distributions at any level.
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