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OYEIX

Equity Income Fund

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Overview

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

Inception Date
February 28, 2011
Investment Style
Equity Income
Fund Index
Russell 1000® Value Index
CUSIP
68381A509
NAV
  • B
(as of 03/15/2019)
$29.49
Total Assets
(as of 02/28/2019)
$3.00 BN
Gross Expense Ratio
(as of 02/28/2019)
0.79%
Net Expense Ratio
(as of 02/28/2019)
0.79%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 02/28/2019
  • I
as of 12/31/2018
  • I

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
Equity Income Fund (NAV)
-10.25% -10.25% 5.20% 3.04% - 6.48%
Russell 1000® Value Index
-8.27% -8.27% 6.95% 5.95% 11.18% -
Cumulative
Annualized
ytd as of 2019-02-28
  • D
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
10.85% 0.48% 11.88% 5.15% - 7.72%
Russell 1000® Value Index
11.23% 3.16% 12.80% 8.09% 15.39% -
Gross Expense Ratio: 0.79% | Net Expense Ratio: 0.79%

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 Equity Income Fund Russell 1000® Value Index
2012 19.53% 17.51%
2013 31.98% 32.53%
2014 10.35% 13.45%
2015 -9.61% -3.83%
2016 14.95% 17.34%
2017 12.86% 13.66%
2018 -10.25% -8.27%

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 Equity Income Fund Russell 1000® Value Index MSCI World S&P 500
2/28/2009 0.00 0.00 0.00 0.00
3/31/2009 10.24 8.55 7.54 8.76
4/30/2009 21.71 20.19 19.60 19.17
5/31/2009 37.46 27.62 30.44 25.83
6/30/2009 38.10 26.68 29.85 26.08
7/31/2009 43.15 37.04 40.85 35.62
8/31/2009 50.68 44.21 46.66 40.52
9/30/2009 58.28 49.78 52.51 45.76
10/31/2009 54.98 45.20 49.79 43.05
11/30/2009 63.03 53.38 55.92 51.63
12/31/2009 68.10 56.10 58.72 54.56
1/31/2010 64.77 51.71 52.16 49.00
2/28/2010 70.62 56.50 54.30 53.62
3/31/2010 80.45 66.68 63.86 62.89
4/30/2010 81.83 71.00 63.88 65.46
5/31/2010 68.79 56.94 48.18 52.25
6/30/2010 59.84 48.11 43.10 44.28
7/31/2010 74.08 58.13 54.70 54.39
8/31/2010 68.10 51.37 48.93 47.42
9/30/2010 82.49 63.11 62.81 60.57
10/31/2010 87.91 68.01 68.88 66.68
11/30/2010 88.41 67.12 65.24 66.70
12/31/2010 103.17 80.30 77.39 77.84
1/31/2011 107.07 84.38 81.39 82.06
2/28/2011 113.45 91.18 87.74 88.30
3/31/2011 113.69 91.94 85.89 88.37
4/30/2011 120.67 97.05 93.79 93.95
5/31/2011 119.51 94.97 89.77 91.76
6/30/2011 113.67 90.97 86.77 88.56
7/31/2011 106.82 84.64 83.38 84.72
8/31/2011 89.59 73.12 70.46 74.69
9/30/2011 71.77 60.03 55.74 62.41
10/31/2011 92.87 78.36 71.85 80.16
11/30/2011 86.98 77.43 67.65 79.76
12/31/2011 90.11 81.01 67.56 81.60
1/31/2012 101.61 87.85 75.97 89.74
2/29/2012 111.84 95.34 84.56 97.94
3/31/2012 116.68 101.13 86.93 104.46
4/30/2012 113.43 99.08 84.81 103.17
5/31/2012 98.35 87.41 68.86 90.96
6/30/2012 105.05 96.71 77.46 98.83
7/31/2012 109.01 98.75 79.74 101.59
8/31/2012 115.91 103.06 84.30 106.13
9/30/2012 122.57 109.51 89.36 111.46
10/31/2012 123.61 108.48 88.08 107.56
11/30/2012 121.01 108.39 90.49 108.76
12/31/2012 126.50 112.70 94.08 110.66
1/31/2013 138.93 126.52 103.96 121.57
2/28/2013 140.26 129.77 104.30 124.58
3/31/2013 151.47 138.88 109.08 133.00
4/30/2013 159.14 142.49 115.67 137.49
5/31/2013 167.61 148.71 115.75 143.05
6/30/2013 161.69 146.52 110.43 139.79
7/31/2013 175.33 159.83 121.51 151.99
8/31/2013 167.79 149.97 116.80 144.69
9/30/2013 172.65 156.24 127.64 152.36
10/31/2013 183.03 167.46 136.55 163.96
11/30/2013 193.32 174.92 140.75 172.01
12/31/2013 198.14 181.88 145.85 178.89
1/31/2014 185.17 171.87 136.74 169.25
2/28/2014 198.52 183.63 148.59 181.57
3/31/2014 203.71 190.40 148.95 183.93
4/30/2014 206.28 193.16 151.50 186.03
5/31/2014 211.81 197.45 156.45 192.75
6/30/2014 222.15 205.22 161.04 198.79
7/31/2014 217.17 200.02 156.87 194.67
8/31/2014 229.99 211.05 162.53 206.46
9/30/2014 217.79 204.63 155.41 202.16
10/31/2014 223.18 211.48 157.06 209.54
11/30/2014 229.72 217.85 162.21 217.87
12/31/2014 228.10 219.80 157.99 217.07
1/31/2015 213.08 207.02 153.31 207.55
2/28/2015 233.31 221.88 168.15 225.23
3/31/2015 231.53 217.49 163.95 220.08
4/30/2015 236.76 220.46 170.14 223.15
5/31/2015 238.41 224.31 171.08 227.31
6/30/2015 227.64 217.84 164.77 220.97
7/31/2015 225.68 219.23 169.52 227.70
8/31/2015 209.68 200.22 151.69 207.93
9/30/2015 192.37 191.16 142.41 200.31
10/31/2015 212.03 213.12 161.61 225.64
11/30/2015 210.68 214.32 160.31 226.61
12/31/2015 195.87 207.56 155.74 221.46
1/31/2016 173.31 191.67 140.44 205.50
2/29/2016 172.63 191.60 138.65 205.09
3/31/2016 193.01 212.60 154.84 225.79
4/30/2016 197.05 219.17 158.88 227.05
5/31/2016 199.97 224.13 160.33 232.93
6/30/2016 195.80 226.93 157.41 233.79
7/31/2016 210.24 236.42 168.29 246.09
8/31/2016 216.11 239.02 168.51 246.58
9/30/2016 214.96 238.31 169.94 246.65
10/31/2016 213.48 233.07 164.71 240.32
11/30/2016 229.61 252.10 168.52 252.93
12/31/2016 239.27 260.90 174.94 259.90
1/31/2017 242.24 263.47 181.58 266.73
2/28/2017 253.45 276.53 189.39 281.29
3/31/2017 249.25 272.69 192.48 281.73
4/30/2017 249.14 271.99 196.81 285.65
5/31/2017 245.92 271.63 203.08 291.08
6/30/2017 253.52 277.70 204.25 293.52
7/31/2017 260.69 282.72 211.53 301.61
8/31/2017 254.10 278.26 211.97 302.84
9/30/2017 264.56 289.47 218.97 311.15
10/31/2017 270.49 292.30 225.00 320.75
11/30/2017 276.18 304.31 232.04 333.65
12/31/2017 282.00 310.21 236.53 338.47
1/31/2018 295.34 326.07 254.30 363.58
2/28/2018 278.10 305.72 239.62 346.49
3/31/2018 269.79 298.59 232.22 335.15
4/30/2018 271.22 299.90 236.04 336.82
5/31/2018 273.94 302.28 238.15 347.33
6/30/2018 272.59 303.27 237.98 350.09
7/31/2018 285.56 319.23 248.54 366.84
8/31/2018 289.97 325.43 252.85 382.05
9/30/2018 292.06 326.27 254.82 384.79
10/31/2018 271.23 304.20 228.76 351.66
11/30/2018 278.29 316.27 232.50 360.86
12/31/2018 242.02 276.30 207.22 319.25
1/31/2019 270.64 305.59 231.12 352.85
2/28/2019 278.93 318.54 241.08 367.39
Date Dividends
3/21/2014 0.234
6/20/2014 0.1453
9/19/2014 0.206
12/9/2014 0.2696
3/19/2015 0.1733
6/18/2015 0.1971
9/24/2015 0.2479
12/8/2015 0.5257
3/24/2016 0.1462
6/23/2016 0.1548
9/22/2016 0.1955
12/12/2016 0.2313
3/23/2017 0.1483
6/22/2017 0.2012
9/21/2017 0.1901
12/11/2017 0.3028
3/22/2018 0.1239
6/21/2018 0.166
9/20/2018 0.207
12/10/2018 0.1962

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 03/18/2019

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

(51.7% of assets as of 02/28/2019)


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 86.6% 99.7% -13.1%
United Kingdom 5.0% - -
Canada 3.0% - -
Switzerland 0.9% - -
Developed Markets Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Americas 89.6% 99.7% -10.1%
Europe 5.9% 0.2% 5.7%
Equity Sector Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Health Care 19.3% 15.1% 4.2%
Financials 17.5% 22.5% -5.0%
Energy 12.4% 9.5% 2.9%
Information Technology 8.9% 9.7% -0.8%
Consumer Staples 8.4% 7.7% 0.6%
Consumer Discretionary 7.0% 5.3% 1.7%
Communication Services 6.4% 7.1% -0.7%
Industrials 6.3% 7.8% -1.5%
Real Estate 4.5% 5.0% -0.5%
Utilities 2.8% 6.3% -3.5%
Materials 2.0% 4.0% -2.0%
Industry Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Oil Gas & Consumable Fuels 11.7% 8.7% 3.0%
Banks 9.4% 11.1% -1.7%
Pharmaceuticals 9.1% 7.0% 2.2%
Diversified Telecommunication Services 5.0% 3.6% 1.4%
Health Care Providers & Services 4.9% 2.3% 2.6%
Equity Real Estate Investment Trusts (REITs) 4.5% 4.9% -0.3%
Health Care Equipment & Supplies 4.4% 4.0% 0.3%
Capital Markets 3.9% 3.2% 0.7%
Communications Equipment 3.6% 2.1% 1.4%
Automobiles 2.8% 0.7% 2.1%
Electric Utilities 2.8% 3.7% -0.9%
Beverages 2.6% 0.5% 2.0%
Insurance 2.4% 4.2% -1.8%
Software 2.4% 1.6% 0.8%
Tobacco 2.2% 1.0% 1.2%
Electrical Equipment 1.9% 0.6% 1.2%
Multiline Retail 1.8% 0.6% 1.2%
Food & Staples Retailing 1.6% 1.8% -0.2%
Household Products 1.5% 2.3% -0.8%
Media 1.4% 2.1% -0.7%
Asset Allocation Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Equity 95.5% 100.0% -4.5%
Market Cap Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Large 86.8% 79.8% 7.0%
Mid 6.7% 19.1% -12.5%
Small 1.7% 1.0% 0.7%
Analytics
(As of 02/28/2019)

Morningstar 02/28/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
1095
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-0.69
-3.04
Beta
0.99
1.05
Information Ratio
-0.34
-0.90
R-Squared
94.33
92.80
Sharpe Ratio
0.93
0.41
Standard Deviation
11.44
12.09
Upside Capture
96.84
95.87
Downside Capture
102.02
118.15
Sortino Ratio
1.47
0.60
Win Ratio
50.00
43.00
Loss Ratio
50.00
57.00
Tracking Error
2.74
3.29
Yields
Dividend Yield (w/o sales charge)
2.83%
Standardized Yield
2.42%
Unsubsidized Yield
2.41%
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$143.91 B
$124.48 B
Median Market Cap (weighted)
$119.58 B
$66.45 B
P/E Ratio (LTM)
14.67
16.44
P/E Ratio (NTM)
13.02
14.16
Price/Book
2.06
2.09
Debt to Capital Ratio
51.43
46.66
Turnover Ratio
104%
-
Active Share
68.05%
-
Dividends
  • E
Est. Frequency
Quarterly
Last Pay Date
12/10/2018
Per Share ($)
$0.1962
12-Month Distribution ($)
$0.6931
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. 9. 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.
  10. 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>
  11. 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.
  12. 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.
  13. 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.
  14. E. There is no guarantee of the payment of any dividend or other distributions at any level.
  15. 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.
  16. G. 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.
  17. H. 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 R shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
     
  18. I. 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.
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