Spoof Access

×
OSVIX

Dividend Opportunity Fund

×
Overview

The Strategy typically invests in dividend-paying value stocks.

Inception Date
August 28, 2014
Investment Style
Dividend Value
Fund Index
Russell 3000® Value Index
CUSIP
68382H602
NAV
  • A
(as of 09/21/2018)
$24.68
Total Assets
(as of 08/31/2018)
$263.66 MM
Gross Expense Ratio
(as of 08/31/2018)
0.71%
Net Expense Ratio
(as of 08/31/2018)
0.71%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 08/31/2018
  • B
as of 06/30/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-06-30
  • C
1 yr 3 yr since inception
Dividend Opportunity Fund (NAV)
-0.47% 1.24% -0.94% 7.90% 8.41% 6.83%
Russell 3000® Value Index
0.28% 1.71% -1.16% 7.25% 8.48% -
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-08-31
  • C
1 yr 3 yr since inception
Dividend Opportunity Fund (NAV)
0.37% 2.83% 2.34% 11.38% 10.89% 7.40%
Russell 3000® Value Index
1.55% 5.69% 4.17% 13.04% 12.58% -
Gross Expense Ratio: 0.71% | Net Expense Ratio: 0.71%

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 Dividend Opportunity Fund Russell 3000® Value Index
2015 0.79% -4.13%
2016 14.12% 18.40%
2017 14.92% 13.19%

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 Dividend Opportunity Fund Russell 3000® Value Index MSCI World S&P 500
8/31/2015 0.00 0.00 0.00 0.00
9/30/2015 -2.69 -3.05 -3.69 -2.47
10/31/2015 4.12 4.11 3.94 5.75
11/30/2015 3.86 4.71 3.43 6.07
12/31/2015 1.60 2.19 1.61 4.39
1/31/2016 -2.36 -3.21 -4.47 -0.79
2/29/2016 -3.03 -3.18 -5.18 -0.92
3/31/2016 3.62 3.87 1.25 5.80
4/30/2016 5.71 6.06 2.86 6.21
5/31/2016 6.29 7.73 3.43 8.12
6/30/2016 7.37 8.62 2.27 8.40
7/31/2016 10.91 11.97 6.60 12.40
8/31/2016 11.07 12.98 6.68 12.55
9/30/2016 11.47 12.82 7.25 12.57
10/31/2016 9.82 10.93 5.17 10.52
11/30/2016 14.29 17.90 6.69 14.61
12/31/2016 15.94 21.00 9.24 16.88
1/31/2017 16.86 21.72 11.88 19.10
2/28/2017 20.36 25.88 14.98 23.83
3/31/2017 20.14 24.62 16.20 23.97
4/30/2017 20.41 24.44 17.93 25.24
5/31/2017 20.85 24.02 20.42 27.01
6/30/2017 22.33 26.22 20.88 27.80
7/31/2017 23.80 27.83 23.78 30.43
8/31/2017 22.44 26.22 23.95 30.82
9/30/2017 25.84 30.34 26.73 33.52
10/31/2017 28.20 31.23 29.13 36.64
11/30/2017 30.62 35.23 31.93 40.83
12/31/2017 33.24 36.96 33.71 42.40
1/31/2018 37.84 41.99 40.77 50.55
2/28/2018 32.25 35.19 34.94 45.00
3/31/2018 30.38 33.10 32.00 41.32
4/30/2018 32.16 33.68 33.51 41.86
5/31/2018 32.61 35.00 34.35 45.27
6/30/2018 31.99 35.37 34.29 46.17
7/31/2018 35.86 40.51 38.48 51.61
8/31/2018 36.36 42.68 40.19 56.55
Date Dividends
12/1/2015 0.1457
3/22/2016 0.1483
6/21/2016 0.1568
9/20/2016 0.1641
12/1/2016 0.2457
3/21/2017 0.1588
6/20/2017 0.1626
9/19/2017 0.1619
12/1/2017 0.1627
3/20/2018 0.1539
6/19/2018 0.161
9/18/2018 0.1632

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 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 09/21/2018

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

(50.1% of assets as of 08/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 7
Country Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
United States 72.4% 99.6% -27.2%
United Kingdom 9.3% 0.1% 9.3%
Japan 4.5% - -
Canada 3.8% 0.0% 3.7%
Australia 1.2% - -
Spain 1.2% - -
Netherlands 1.1% 0.2% 0.9%
Germany 1.0% - -
Denmark 0.5% - -
Portugal 0.5% - -
Switzerland 0.5% - -
Italy 0.4% - -
Developed Markets Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Americas 76.2% 99.6% -23.5%
Europe 14.7% 0.3% 14.4%
Asia Pacific 5.7% - -
Equity Sector Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Financials 17.5% 24.0% -6.5%
Energy 14.9% 10.2% 4.7%
Health Care 11.5% 13.9% -2.4%
Industrials 9.6% 8.3% 1.2%
Information Technology 8.4% 10.1% -1.6%
Consumer Staples 8.1% 6.8% 1.3%
Utilities 7.5% 5.6% 1.9%
Consumer Discretionary 6.3% 8.4% -2.0%
Real Estate 4.8% 5.3% -0.5%
Telecommunication Services 4.2% 3.4% 0.8%
Materials 3.7% 4.0% -0.3%
Industry Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Oil Gas & Consumable Fuels 14.9% 9.0% 5.9%
Banks 13.8% 12.4% 1.4%
Pharmaceuticals 8.0% 6.1% 1.9%
Electric Utilities 6.1% 3.2% 2.9%
Equity Real Estate Investment Trusts (REITs) 4.8% 5.1% -0.4%
Diversified Telecommunication Services 4.2% 3.3% 0.9%
Beverages 3.6% 0.5% 3.1%
Software 3.2% 1.8% 1.4%
Communications Equipment 2.8% 2.0% 0.8%
Aerospace & Defense 2.6% 1.6% 1.0%
Health Care Providers & Services 2.4% 2.7% -0.3%
Capital Markets 2.4% 3.2% -0.8%
Multiline Retail 2.1% 0.6% 1.5%
Tobacco 2.1% 0.8% 1.3%
Automobiles 2.0% 0.6% 1.4%
Metals & Mining 1.9% 0.7% 1.2%
Food & Staples Retailing 1.7% 1.6% 0.1%
Trading Companies & Distributors 1.7% 0.2% 1.5%
Industrial Conglomerates 1.6% 1.4% 0.2%
Hotels Restaurants & Leisure 1.6% 1.8% -0.2%
Asset Allocation Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Equity 96.6% 100.0% -3.4%
Market Cap Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Large 81.9% 72.7% 9.2%
Mid 11.0% 20.6% -9.6%
Small 3.7% 6.7% -3.0%
Analytics
(As of 08/31/2018)

Morningstar 08/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1109
Category
Large Value
Performance Statistics
3Y
Alpha
0.29
Beta
0.83
Information Ratio
-0.62
R-Squared
93.48
Sharpe Ratio
1.17
Standard Deviation
8.41
Upside Capture
82.03
Downside Capture
74.21
Sortino Ratio
2.37
Win Ratio
47.00
Loss Ratio
53.00
Tracking Error
2.70
Yields
Dividend Yield (w/o sales charge)
2.70%
Standardized Yield
2.66%
Unsubsidized Yield
2.65%
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$136.38 B
$115.45 B
Median Market Cap (weighted)
$91.25 B
$57.63 B
P/E Ratio (LTM)
16.08
18.44
P/E Ratio (NTM)
13.54
14.60
Price/Book
2.19
2.13
Return on Equity
12.58%
11.59%
Turnover Ratio
63%
-
Active Share
78.40%
-
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
9/18/2018
Per Share ($)
$0.1632
12-Month Distribution ($)
$0.6395
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents
  1. 1. Effective on 12/11/13, the Fund mainly invests in dividend paying stocks that the portfolio manager believes are undervalued.  Performance prior to 12/11/13 is not indicative of performance for any subsequent periods.
  2. 2. There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Value investing involves the risk that undervalued securities may not appreciate as anticipated. 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. 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.
  3. 3. 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.
  4. 4. 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.
  5. 5. The Russell 3000® Value Index measures the performance of the broad value segment of the U.S. equity universe. It includes those Russell 3000 companies with lower price-to-book ratios and lower forecasted growth values. The index is 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.
  6. 6. 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.
  7. 7. 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.
  8. 8. The dividend (or distribution) yield is based on the pay date immediately preceding the nearest month-end or quarter-end.  The dividend yield for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date.  For the Class A dividend yield with sales charge, the annualized Class A dividend distribution is divided by the Class A maximum offering price on that date.  Each result is compounded semiannually and annualized.  Falling share prices artificially increase yields.
  9. 9. 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.
  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 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.
  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.
×
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )