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OSVYX

Dividend Opportunity Fund

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Overview

The Strategy typically invests in dividend-paying value stocks.

Inception Date
February 27, 2004
Investment Style
Dividend Value
Fund Index
Russell 3000® Value Index
CUSIP
68382H503
NAV
  • A
(as of 08/17/2018)
$24.21
Total Assets
(as of 07/31/2018)
$264.60 MM
Gross Expense Ratio
(as of 07/31/2018)
0.91%
Net Expense Ratio
(as of 07/31/2018)
0.90%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 07/31/2018
  • B
as of 06/30/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (NAV)
-1.03% 7.71% 8.19% 9.09% 5.83% 6.20%
Russell 3000® Value Index
-1.16% 7.25% 8.48% 10.40% 8.60% -
Cumulative
Annualized
ytd as of 2018-07-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (NAV)
1.84% 9.50% 8.56% 8.70% 6.37% 6.37%
Russell 3000® Value Index
2.59% 9.91% 9.77% 10.05% 9.00% -
Gross Expense Ratio: 0.91% | Net Expense Ratio: 0.90%

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 Dividend Opportunity Fund Russell 3000® Value Index
2005 9.41% 6.85%
2006 20.96% 22.34%
2007 4.39% -1.01%
2008 -46.83% -36.25%
2009 42.13% 19.76%
2010 19.91% 16.23%
2011 -10.50% -0.10%
2012 12.21% 17.55%
2013 23.89% 32.69%
2014 5.23% 12.70%
2015 0.53% -4.13%
2016 13.89% 18.40%
2017 14.72% 13.19%

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 Dividend Opportunity Fund Russell 3000® Value Index MSCI World S&P 500
7/31/2008 0.00 0.00 0.00 0.00
8/31/2008 1.91 1.95 -1.40 1.45
9/30/2008 -9.25 -5.32 -13.13 -7.59
10/31/2008 -29.72 -21.93 -29.60 -23.11
11/30/2008 -37.73 -27.81 -34.16 -28.63
12/31/2008 -37.88 -26.54 -32.05 -27.87
1/31/2009 -39.27 -35.15 -38.00 -33.95
2/28/2009 -45.86 -43.84 -44.35 -40.98
3/31/2009 -40.54 -39.03 -40.15 -35.81
4/30/2009 -33.64 -32.24 -33.43 -29.67
5/31/2009 -28.44 -28.28 -27.40 -25.74
6/30/2009 -27.75 -28.78 -27.73 -25.59
7/31/2009 -22.36 -22.76 -21.61 -19.96
8/31/2009 -17.55 -18.75 -18.38 -17.07
9/30/2009 -14.00 -15.54 -15.12 -13.98
10/31/2009 -16.41 -18.37 -16.63 -15.57
11/30/2009 -12.99 -13.92 -13.23 -10.51
12/31/2009 -11.70 -12.02 -11.67 -8.78
1/31/2010 -15.37 -14.50 -15.32 -12.06
2/28/2010 -12.54 -11.70 -14.13 -9.34
3/31/2010 -5.99 -5.82 -8.81 -3.87
4/30/2010 -4.44 -3.03 -8.79 -2.35
5/31/2010 -12.15 -11.02 -17.53 -10.15
6/30/2010 -17.75 -16.27 -20.36 -14.85
7/31/2010 -10.23 -10.57 -13.90 -8.89
8/31/2010 -15.95 -14.63 -17.12 -13.00
9/30/2010 -7.66 -7.81 -9.39 -5.23
10/31/2010 -2.97 -4.98 -6.01 -1.63
11/30/2010 -2.84 -5.25 -8.04 -1.62
12/31/2010 5.87 2.26 -1.28 4.96
1/31/2011 8.32 4.39 0.95 7.45
2/28/2011 11.42 8.35 4.49 11.13
3/31/2011 12.32 8.87 3.46 11.17
4/30/2011 15.93 11.68 7.85 14.46
5/31/2011 14.52 10.43 5.62 13.17
6/30/2011 11.10 8.13 3.94 11.28
7/31/2011 7.74 4.54 2.06 9.02
8/31/2011 -2.52 -2.21 -5.13 3.10
9/30/2011 -12.52 -9.86 -13.33 -4.15
10/31/2011 -2.58 0.67 -4.36 6.33
11/30/2011 -5.29 0.17 -6.69 6.09
12/31/2011 -5.24 2.15 -6.75 7.18
1/31/2012 -0.23 6.25 -2.07 11.98
2/29/2012 3.02 10.27 2.72 16.82
3/31/2012 4.52 13.55 4.04 20.67
4/30/2012 1.91 12.36 2.86 19.91
5/31/2012 -6.03 5.75 -6.02 12.70
6/30/2012 -2.77 10.98 -1.23 17.34
7/31/2012 -2.06 11.96 0.04 18.97
8/31/2012 0.68 14.46 2.57 21.65
9/30/2012 3.48 18.13 5.39 24.80
10/31/2012 3.15 17.48 4.68 22.49
11/30/2012 4.00 17.47 6.02 23.20
12/31/2012 6.33 20.08 8.01 24.33
1/31/2013 11.78 27.84 13.51 30.77
2/28/2013 11.52 29.64 13.70 32.54
3/31/2013 15.93 34.80 16.36 37.51
4/30/2013 17.50 36.67 20.03 40.16
5/31/2013 18.56 40.22 20.07 43.44
6/30/2013 16.65 39.03 17.12 41.51
7/31/2013 22.17 46.65 23.28 48.72
8/31/2013 17.70 41.02 20.66 44.41
9/30/2013 22.11 44.91 26.69 48.94
10/31/2013 26.91 51.13 31.65 55.78
11/30/2013 29.41 55.48 33.99 60.53
12/31/2013 31.73 59.33 36.83 64.59
1/31/2014 25.60 53.63 31.76 58.90
2/28/2014 29.64 60.31 38.35 66.17
3/31/2014 31.93 63.99 38.55 67.57
4/30/2014 34.03 65.08 39.97 68.81
5/31/2014 36.47 67.39 42.73 72.77
6/30/2014 39.74 72.00 45.28 76.34
7/31/2014 38.23 68.47 42.96 73.91
8/31/2014 41.38 74.75 46.11 80.87
9/30/2014 38.11 70.50 42.15 78.33
10/31/2014 39.07 74.94 43.07 82.68
11/30/2014 40.04 78.18 45.93 87.60
12/31/2014 38.61 79.56 43.58 87.13
1/31/2015 36.74 72.36 40.98 81.51
2/28/2015 43.12 80.67 49.24 91.94
3/31/2015 41.81 78.64 46.90 88.90
4/30/2015 44.95 79.87 50.35 90.72
5/31/2015 46.28 81.98 50.87 93.17
6/30/2015 42.29 78.65 47.36 89.43
7/31/2015 44.89 78.96 50.00 93.40
8/31/2015 37.30 68.45 40.08 81.73
9/30/2015 33.53 63.30 34.91 77.23
10/31/2015 42.88 75.37 45.60 92.18
11/30/2015 42.46 76.38 44.88 92.75
12/31/2015 39.34 72.14 42.33 89.71
1/31/2016 33.85 63.04 33.81 80.30
2/29/2016 32.92 63.09 32.82 80.06
3/31/2016 42.03 74.97 41.83 92.27
4/30/2016 44.90 78.65 44.08 93.02
5/31/2016 45.69 81.46 44.88 96.48
6/30/2016 47.11 82.96 43.26 96.99
7/31/2016 51.89 88.61 49.31 104.26
8/31/2016 52.17 90.30 49.44 104.54
9/30/2016 52.65 90.05 50.23 104.58
10/31/2016 50.40 86.86 47.32 100.85
11/30/2016 56.44 98.59 49.44 108.29
12/31/2016 58.69 103.82 53.02 112.40
1/31/2017 59.95 105.03 56.71 116.43
2/28/2017 64.74 112.05 61.06 125.03
3/31/2017 64.38 109.91 62.78 125.29
4/30/2017 64.75 109.62 65.19 127.60
5/31/2017 65.34 108.91 68.68 130.81
6/30/2017 67.30 112.62 69.33 132.25
7/31/2017 69.31 115.33 73.38 137.02
8/31/2017 67.37 112.62 73.63 137.75
9/30/2017 72.03 119.56 77.52 142.65
10/31/2017 75.19 121.05 80.88 148.31
11/30/2017 78.49 127.79 84.80 155.93
12/31/2017 82.06 130.71 87.30 158.78
1/31/2018 88.34 139.18 97.18 173.59
2/28/2018 80.69 127.72 89.02 163.51
3/31/2018 78.07 124.20 84.90 156.81
4/30/2018 80.43 125.18 87.02 157.80
5/31/2018 81.04 127.40 88.19 164.00
6/30/2018 80.19 128.04 88.10 165.63
7/31/2018 85.40 136.68 93.98 175.51
Date Dividends
12/15/2008 0.2579
12/14/2009 0.2029
12/13/2010 0.0634
12/14/2011 0.124
12/12/2012 0.1673
12/5/2013 0.3185
12/30/2013 0.1247
3/19/2014 0.1472
6/18/2014 0.171
9/17/2014 0.1543
12/2/2014 0.1345
3/17/2015 0.1401
6/16/2015 0.141
9/22/2015 0.1442
12/1/2015 0.1347
3/22/2016 0.1368
6/21/2016 0.1474
9/20/2016 0.1539
12/1/2016 0.2349
3/21/2017 0.1498
6/20/2017 0.1536
9/19/2017 0.1521
12/1/2017 0.1507
3/20/2018 0.1446
6/19/2018 0.1504

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 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 08/17/2018

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

(48.2% of assets as of 07/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
United States 71.7% 99.6% -27.9%
United Kingdom 9.8% 0.1% 9.7%
Japan 4.5% - -
Canada 3.2% 0.0% 3.2%
Spain 1.2% - -
Netherlands 1.1% 0.2% 0.9%
Australia 1.0% - -
Germany 0.7% - -
Portugal 0.6% - -
Denmark 0.5% - -
Switzerland 0.5% - -
Italy 0.5% - -
Developed Markets Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Americas 74.9% 99.6% -24.7%
Europe 14.9% 0.3% 14.6%
Asia Pacific 5.6% - -
Equity Sector Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Financials 18.5% 24.0% -5.5%
Energy 14.9% 10.6% 4.3%
Health Care 10.7% 13.6% -3.0%
Industrials 9.4% 8.4% 0.9%
Information Technology 8.5% 9.7% -1.2%
Consumer Staples 8.0% 6.9% 1.1%
Utilities 7.4% 5.6% 1.8%
Consumer Discretionary 6.1% 8.4% -2.3%
Telecommunication Services 4.1% 3.3% 0.8%
Real Estate 4.1% 5.3% -1.2%
Materials 3.6% 4.1% -0.5%
Industry Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Oil Gas & Consumable Fuels 14.9% 9.3% 5.6%
Banks 13.8% 12.4% 1.4%
Pharmaceuticals 7.3% 6.0% 1.3%
Electric Utilities 6.1% 3.2% 2.8%
Diversified Telecommunication Services 4.1% 3.2% 0.9%
Equity Real Estate Investment Trusts (REITs) 4.1% 5.1% -1.0%
Beverages 3.6% 0.5% 3.1%
Software 3.0% 1.7% 1.3%
Communications Equipment 2.7% 1.8% 0.9%
Aerospace & Defense 2.6% 1.6% 1.0%
Capital Markets 2.5% 3.3% -0.8%
Health Care Providers & Services 2.2% 2.5% -0.3%
Automobiles 2.2% 0.7% 1.6%
Tobacco 2.1% 0.9% 1.2%
Metals & Mining 1.8% 0.8% 1.0%
Hotels Restaurants & Leisure 1.7% 1.7% 0.0%
Trading Companies & Distributors 1.7% 0.2% 1.5%
Food & Staples Retailing 1.6% 1.6% 0.0%
Electronic Equipment Instruments & Components 1.4% 0.8% 0.6%
Multiline Retail 1.4% 0.6% 0.8%
Asset Allocation Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Equity 95.3% 100.0% -4.7%
Market Cap Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Large 80.5% 73.9% 6.6%
Mid 10.2% 19.4% -9.2%
Small 4.7% 6.7% -2.0%
Analytics
(As of 07/31/2018)

Morningstar 07/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1105
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
0.18
0.21
Beta
0.84
0.84
Information Ratio
-0.45
-0.42
R-Squared
94.87
90.08
Sharpe Ratio
0.86
0.94
Standard Deviation
9.13
8.80
Upside Capture
83.04
84.62
Downside Capture
78.45
82.56
Sortino Ratio
0.44
0.46
Win Ratio
50.00
47.00
Loss Ratio
50.00
53.00
Tracking Error
2.65
3.21
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
6/19/2018
Per Share ($)
$0.1504
12-Month Distribution ($)
$0.5979
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$134.78 B
$113.21 B
Median Market Cap (weighted)
$92.87 B
$57.26 B
P/E Ratio (LTM)
16.12
18.34
P/E Ratio (NTM)
13.58
14.62
Price/Book
2.14
2.10
Return on Equity
12.80%
11.52%
Turnover Ratio
63%
-
Active Share
77.53%
-
Yields
Dividend Yield (w/o sales charge)
2.53%
Standardized Yield
2.38%
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. Special Risks:  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. 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. Access index definitions.
  5. 5. 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.
  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 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.
  8. 8. 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.
  9. 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.
  10. B. 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.
  11. 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.
  12. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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