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OCEIX

Equity Income Fund

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Overview

The strategy typically invests in larger-cap, dividend-paying stocks.

Inception Date
March 3, 1997
Investment Style
Equity Income
Fund Index
Russell 1000® Value Index
CUSIP
68381A301
NAV
  • B
(as of 01/22/2019)
$21.64
Total Assets
(as of 12/31/2018)
$2.78 BN
Gross Expense Ratio
(as of 12/31/2018)
1.79%
Net Expense Ratio
(as of 12/31/2018)
1.79%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 12/31/2018
  • F
as of 12/31/2018
  • F

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • F
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
-11.17% -11.17% 4.15% 2.01% 10.35% 6.91%
Russell 1000® Value Index
-8.27% -8.27% 6.95% 5.95% 11.18% -
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
-11.96% -11.96% 4.15% 2.01% 10.35% 6.91%
Russell 1000® Value Index
-8.27% -8.27% 6.95% 5.95% 11.18% -
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
-11.17% -11.17% 4.15% 2.01% 10.35% 6.91%
Russell 1000® Value Index
-8.27% -8.27% 6.95% 5.95% 11.18% -
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
-11.96% -11.96% 4.15% 2.01% 10.35% 6.91%
Russell 1000® Value Index
-8.27% -8.27% 6.95% 5.95% 11.18% -
Gross Expense Ratio: 1.79% | Net Expense Ratio: 1.79%

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.


Year Equity Income Fund Russell 1000® Value Index
1998 19.34% 15.63%
1999 5.24% 7.35%
2000 14.33% 7.01%
2001 -1.78% -5.59%
2002 -15.35% -15.52%
2003 27.65% 30.03%
2004 15.63% 16.49%
2005 8.26% 7.05%
2006 12.56% 22.25%
2007 1.70% -0.17%
2008 -36.09% -36.85%
2009 41.00% 19.69%
2010 19.85% 15.51%
2011 -7.15% 0.39%
2012 18.25% 17.51%
2013 30.58% 32.53%
2014 9.24% 13.45%
2015 -10.49% -3.83%
2016 13.78% 17.34%
2017 11.78% 13.66%
2018 -11.17% -8.27%

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.


Date Equity Income Fund Russell 1000® Value Index MSCI World S&P 500
12/31/2008 0.00 0.00 0.00 0.00
1/31/2009 -7.07 -11.50 -8.76 -8.43
2/28/2009 -15.40 -23.32 -18.10 -18.18
3/31/2009 -6.74 -16.77 -11.92 -11.01
4/30/2009 2.97 -7.85 -2.04 -2.49
5/31/2009 16.29 -2.15 6.83 2.96
6/30/2009 16.83 -2.87 6.35 3.16
7/31/2009 21.10 5.08 15.36 10.97
8/31/2009 27.48 10.58 20.12 14.97
9/30/2009 33.90 14.85 24.90 19.26
10/31/2009 31.11 11.33 22.68 17.05
11/30/2009 37.93 17.61 27.70 24.07
12/31/2009 42.21 19.69 29.99 26.46
1/31/2010 39.40 16.32 24.62 21.92
2/28/2010 44.34 20.00 26.37 25.69
3/31/2010 52.66 27.81 34.20 33.28
4/30/2010 53.83 31.11 34.22 35.38
5/31/2010 42.80 20.34 21.36 24.57
6/30/2010 35.22 13.56 17.20 18.05
7/31/2010 47.27 21.25 26.70 26.32
8/31/2010 42.22 16.06 21.97 20.62
9/30/2010 54.39 25.07 33.34 31.38
10/31/2010 58.98 28.82 38.32 36.38
11/30/2010 59.39 28.14 35.33 36.40
12/31/2010 71.88 38.25 45.28 45.51
1/31/2011 75.18 41.38 48.56 48.96
2/28/2011 80.58 46.59 53.76 54.07
3/31/2011 80.78 47.17 52.25 54.13
4/30/2011 86.69 51.09 58.71 58.69
5/31/2011 85.70 49.50 55.42 56.90
6/30/2011 80.77 46.43 52.96 54.28
7/31/2011 74.97 41.57 50.19 51.14
8/31/2011 60.39 32.74 39.61 42.93
9/30/2011 45.32 22.71 27.55 32.89
10/31/2011 63.17 36.76 40.74 47.41
11/30/2011 58.19 36.05 37.31 47.08
12/31/2011 60.83 38.79 37.23 48.59
1/31/2012 70.57 44.04 44.12 55.25
2/29/2012 79.22 49.78 51.16 61.96
3/31/2012 83.31 54.22 53.10 67.29
4/30/2012 80.56 52.65 51.36 66.24
5/31/2012 67.81 43.70 38.30 56.25
6/30/2012 73.47 50.83 45.34 62.69
7/31/2012 76.83 52.39 47.21 64.95
8/31/2012 82.66 55.70 50.94 68.66
9/30/2012 88.29 60.64 55.09 73.02
10/31/2012 89.17 59.86 54.04 69.82
11/30/2012 86.97 59.79 56.01 70.81
12/31/2012 91.62 63.09 58.95 72.37
1/31/2013 102.14 73.69 67.04 81.29
2/28/2013 103.26 76.18 67.32 83.76
3/31/2013 112.74 83.16 71.24 90.65
4/30/2013 119.23 85.93 76.63 94.32
5/31/2013 126.40 90.70 76.70 98.87
6/30/2013 121.39 89.02 72.35 96.19
7/31/2013 132.93 99.23 81.42 106.18
8/31/2013 126.55 91.67 77.56 100.21
9/30/2013 130.66 96.47 86.44 106.49
10/31/2013 139.44 105.08 93.73 115.98
11/30/2013 148.15 110.80 97.18 122.56
12/31/2013 152.23 116.14 101.35 128.19
1/31/2014 141.25 108.46 93.89 120.30
2/28/2014 152.55 117.48 103.60 130.38
3/31/2014 156.94 122.67 103.89 132.32
4/30/2014 159.11 124.78 105.98 134.03
5/31/2014 163.79 128.08 110.04 139.53
6/30/2014 172.54 134.03 113.79 144.48
7/31/2014 168.33 130.04 110.38 141.10
8/31/2014 179.17 138.50 115.02 150.75
9/30/2014 168.85 133.58 109.18 147.23
10/31/2014 173.41 138.83 110.53 153.27
11/30/2014 178.94 143.72 114.75 160.08
12/31/2014 177.57 145.21 111.29 159.43
1/31/2015 164.86 135.41 107.46 151.64
2/28/2015 181.98 146.80 119.62 166.10
3/31/2015 180.47 143.44 116.18 161.89
4/30/2015 184.90 145.72 121.25 164.41
5/31/2015 186.29 148.67 122.01 167.81
6/30/2015 177.18 143.71 116.85 162.62
7/31/2015 175.52 144.78 120.74 168.13
8/31/2015 161.99 130.20 106.13 151.95
9/30/2015 147.35 123.25 98.53 145.71
10/31/2015 163.98 140.09 114.26 166.44
11/30/2015 162.84 141.01 113.20 167.23
12/31/2015 150.30 135.83 109.45 163.02
1/31/2016 131.22 123.64 96.92 149.97
2/29/2016 130.65 123.59 95.45 149.63
3/31/2016 147.89 139.69 108.72 166.56
4/30/2016 151.31 144.73 112.02 167.60
5/31/2016 153.77 148.53 113.21 172.40
6/30/2016 150.24 150.68 110.82 173.11
7/31/2016 162.47 157.96 119.73 183.18
8/31/2016 167.43 159.94 119.91 183.58
9/30/2016 166.45 159.40 121.08 183.63
10/31/2016 165.20 155.39 116.80 178.46
11/30/2016 178.85 169.97 119.92 188.77
12/31/2016 187.02 176.72 125.18 194.48
1/31/2017 189.54 178.69 130.62 200.06
2/28/2017 199.02 188.71 137.01 211.98
3/31/2017 195.47 185.77 139.54 212.34
4/30/2017 195.37 185.23 143.08 215.55
5/31/2017 192.65 184.95 148.23 219.99
6/30/2017 199.08 189.61 149.18 221.98
7/31/2017 205.14 193.46 155.15 228.61
8/31/2017 199.57 190.04 155.50 229.61
9/30/2017 208.42 198.63 161.24 236.41
10/31/2017 213.43 200.80 166.18 244.26
11/30/2017 218.25 210.01 171.94 254.82
12/31/2017 223.17 214.53 175.62 258.76
1/31/2018 234.46 226.69 190.17 279.31
2/28/2018 219.88 211.09 178.15 265.33
3/31/2018 212.85 205.62 172.09 256.04
4/30/2018 214.05 206.63 175.22 257.41
5/31/2018 216.36 208.45 176.94 266.01
6/30/2018 215.21 209.22 176.81 268.27
7/31/2018 226.19 221.45 185.46 281.97
8/31/2018 229.91 226.21 188.99 294.42
9/30/2018 231.68 226.85 190.60 296.66
10/31/2018 214.06 209.93 169.26 269.55
11/30/2018 220.03 219.18 172.32 277.08
12/31/2018 189.35 188.53 151.61 243.03
Date Dividends
3/20/2009 0.1549
6/19/2009 0.1944
9/25/2009 0.0771
12/17/2009 0.1343
3/19/2010 0.0432
6/25/2010 0.0505
9/24/2010 0.055
12/17/2010 0.1683
3/25/2011 0.0697
6/24/2011 0.1003
9/23/2011 0.0678
12/8/2011 0.2844
3/23/2012 0.0841
6/22/2012 0.1225
9/21/2012 0.0974
12/6/2012 0.2911
3/22/2013 0.0979
6/21/2013 0.1345
9/20/2013 0.1454
12/11/2013 0.3476
3/21/2014 0.1794
6/20/2014 0.0806
9/19/2014 0.1361
12/9/2014 0.1939
3/19/2015 0.1191
6/18/2015 0.1328
9/24/2015 0.1816
12/8/2015 0.4626
3/24/2016 0.1004
6/23/2016 0.1062
9/22/2016 0.1422
12/12/2016 0.1707
3/23/2017 0.095
6/22/2017 0.1398
9/21/2017 0.1326
12/11/2017 0.2347
3/22/2018 0.0686
6/21/2018 0.1046
9/20/2018 0.1453
12/10/2018 0.1292

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 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.

$ per share as of 01/22/2019

Date 2014 2015 2016 2017 2018
Short Term 0.7101 0.4129 0.1021
Long Term 1.0410 1.0579 0.1331 2.0987
Total Amount of Distribution 1.7510 1.4708 0.2352 2.0987
Record Date 12/8/14 12/7/15 12/8/17 12/7/18
Ex Div Date 12/9/14 12/8/15 12/11/17 12/10/18
Pay Date 12/9/14 12/8/15 12/11/17 12/10/18

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

Portfolio

Top Holdings

(52.3% of assets as of 12/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 7
Country Equity Income Fund Russell 1000® Value Index Overweight / Underweight
United States 87.6% 99.7% -12.1%
United Kingdom 5.4% - -
Canada 2.9% - -
Switzerland 0.9% - -
Developed Markets Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Americas 90.5% 99.7% -9.2%
Europe 6.3% 0.2% 6.1%
Equity Sector Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Health Care 20.6% 15.7% 4.9%
Financials 17.2% 22.5% -5.3%
Energy 13.2% 9.3% 4.0%
Information Technology 8.6% 9.3% -0.7%
Consumer Staples 8.3% 7.8% 0.5%
Consumer Discretionary 6.6% 5.2% 1.4%
Communication Services 6.3% 7.3% -1.0%
Industrials 5.5% 7.4% -1.8%
Real Estate 4.6% 4.9% -0.3%
Utilities 4.3% 6.5% -2.2%
Materials 1.4% 4.1% -2.6%
Industry Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Oil Gas & Consumable Fuels 12.6% 8.6% 4.1%
Pharmaceuticals 10.2% 7.4% 2.8%
Banks 10.1% 10.8% -0.6%
Health Care Providers & Services 5.5% 2.5% 3.0%
Diversified Telecommunication Services 5.0% 3.9% 1.2%
Equity Real Estate Investment Trusts (REITs) 4.6% 4.8% -0.2%
Electric Utilities 4.3% 3.8% 0.5%
Health Care Equipment & Supplies 3.8% 4.1% -0.3%
Communications Equipment 3.2% 2.0% 1.2%
Capital Markets 3.1% 3.2% -0.1%
Beverages 3.1% 0.6% 2.5%
Automobiles 2.6% 0.7% 1.9%
Software 2.5% 1.5% 0.9%
Insurance 2.2% 4.3% -2.1%
Electrical Equipment 2.0% 0.6% 1.4%
Multiline Retail 1.9% 0.6% 1.3%
Tobacco 1.8% 0.9% 1.0%
Food & Staples Retailing 1.6% 1.9% -0.3%
Media 1.3% 2.0% -0.7%
Machinery 1.3% 1.3% 0.0%
Asset Allocation Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Equity 96.8% 100.0% -3.2%
Market Cap Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Large 86.4% 77.1% 9.3%
Mid 8.3% 21.1% -12.9%
Small 1.8% 1.7% 0.1%
Analytics
(As of 12/31/2018)

Morningstar 12/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1100
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-2.71
-3.97
Beta
1.02
1.05
Information Ratio
-0.94
-1.21
R-Squared
93.45
92.67
Sharpe Ratio
0.31
0.17
Standard Deviation
11.56
11.85
Upside Capture
92.90
92.53
Downside Capture
113.45
121.24
Sortino Ratio
0.42
0.23
Win Ratio
39.00
38.00
Loss Ratio
61.00
62.00
Tracking Error
2.98
3.26
Yields
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
2.40%
Standardized Yield
1.73%
Unsubsidized Yield
1.72%
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$136.63 B
$118.00 B
Median Market Cap (weighted)
$101.95 B
$63.96 B
P/E Ratio (LTM)
13.11
14.88
P/E Ratio (NTM)
11.57
12.59
Price/Book
1.86
1.90
Debt to Capital Ratio
51.84
46.92
Turnover Ratio
104%
-
Active Share
69.08%
-
Dividends
  • E
Est. Frequency
Quarterly
Last Pay Date
12/10/2018
Per Share ($)
$0.1292
12-Month Distribution ($)
$0.4476
Distribution Sources
  • E
Net Income
7.00%
Net Profit from Sale
92.50%
Other Capital Sources
0.50%
Documents
  1. 1. On August 1, 2007, the Fund's investment objective changed from “seeks capital appreciation" to “seeks total return.” Performance prior to August 1, 2007 is not indicative of performance for any subsequent periods.
  2. 2. Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. 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. 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. Diversification does not guarantee profit or protect against loss.
  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 Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 companies with lower price-to-book ratios and lower expected growth values. The index is unmanaged, includes the reinvestment of dividends 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. Top Holdings represent stock holdings only and do not include cash and cash equivalents or fixed income holdings.
  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. 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. 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>
  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. 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.
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