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OAEIX

Equity Income Fund

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Overview

The Strategy typically invests primarily in dividend-paying large company U.S. stocks.

Inception Date
February 13, 1987
Investment Style
Equity Income
Fund Index
Russell 1000® Value Index
CUSIP
68381A103
NAV
  • A
(as of 10/12/2018)
$31.51
Total Assets
(as of 09/30/2018)
$3.35 BN
Gross Expense Ratio
(as of 09/30/2018)
1.05%
Net Expense Ratio
(as of 09/30/2018)
1.05%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 09/30/2018
  • B
as of 09/30/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
2.63% 7.54% 10.27% 7.54% 10.54% 10.80%
Russell 1000® Value Index
3.92% 9.45% 13.55% 10.72% 9.79% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
-3.27% 1.36% 8.12% 6.27% 9.89% 10.59%
Russell 1000® Value Index
3.92% 9.45% 13.55% 10.72% 9.79% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
2.63% 7.54% 10.27% 7.54% 10.54% 10.80%
Russell 1000® Value Index
3.92% 9.45% 13.55% 10.72% 9.79% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
-3.27% 1.36% 8.12% 6.27% 9.89% 10.59%
Russell 1000® Value Index
3.92% 9.45% 13.55% 10.72% 9.79% -
Gross Expense Ratio: 1.05% | Net Expense Ratio: 1.05%

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.


Year Equity Income Fund Russell 1000® Value Index
1988 34.72% 23.16%
1989 51.05% 25.19%
1990 -6.77% -8.08%
1991 38.77% 24.55%
1992 24.88% 13.58%
1993 7.31% 18.07%
1994 -2.86% -1.98%
1995 33.85% 38.36%
1996 18.25% 21.64%
1997 14.84% 35.18%
1998 20.15% 15.63%
1999 5.83% 7.35%
2000 14.97% 7.01%
2001 -1.20% -5.59%
2002 -14.71% -15.52%
2003 28.63% 30.03%
2004 16.68% 16.49%
2005 9.25% 7.05%
2006 13.56% 22.25%
2007 2.55% -0.17%
2008 -35.56% -36.85%
2009 42.22% 19.69%
2010 20.86% 15.51%
2011 -6.43% 0.39%
2012 19.15% 17.51%
2013 31.63% 32.53%
2014 10.05% 13.45%
2015 -9.83% -3.83%
2016 14.67% 17.34%
2017 12.59% 13.66%

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.


Date Equity Income Fund Russell 1000® Value Index MSCI World S&P 500
9/30/2008 0.00 0.00 0.00 0.00
10/31/2008 -16.40 -17.31 -18.96 -16.79
11/30/2008 -21.69 -23.24 -24.21 -22.77
12/31/2008 -17.86 -22.18 -21.77 -21.94
1/31/2009 -23.67 -31.12 -28.63 -28.52
2/28/2009 -30.51 -40.33 -35.93 -36.13
3/31/2009 -23.39 -35.22 -31.10 -30.54
4/30/2009 -15.42 -28.28 -23.37 -23.89
5/31/2009 -4.48 -23.85 -16.43 -19.63
6/30/2009 -4.04 -24.41 -16.81 -19.47
7/31/2009 -0.53 -18.22 -9.76 -13.38
8/31/2009 4.71 -13.94 -6.04 -10.26
9/30/2009 9.99 -10.62 -2.29 -6.91
10/31/2009 7.69 -13.35 -4.03 -8.64
11/30/2009 13.29 -8.47 -0.11 -3.16
12/31/2009 16.81 -6.85 1.68 -1.29
1/31/2010 14.50 -9.47 -2.52 -4.84
2/28/2010 18.56 -6.61 -1.14 -1.89
3/31/2010 25.39 -0.53 4.98 4.03
4/30/2010 26.36 2.04 4.99 5.67
5/31/2010 17.30 -6.35 -5.06 -2.76
6/30/2010 11.07 -11.62 -8.32 -7.85
7/31/2010 20.97 -5.64 -0.89 -1.40
8/31/2010 16.82 -9.67 -4.59 -5.85
9/30/2010 26.81 -2.67 4.31 2.55
10/31/2010 30.58 0.25 8.20 6.45
11/30/2010 30.92 -0.28 5.86 6.47
12/31/2010 41.18 7.59 13.65 13.58
1/31/2011 43.89 10.03 16.21 16.28
2/28/2011 48.32 14.08 20.28 20.26
3/31/2011 48.49 14.54 19.10 20.31
4/30/2011 53.35 17.59 24.16 23.87
5/31/2011 52.54 16.35 21.58 22.47
6/30/2011 48.48 13.96 19.66 20.43
7/31/2011 43.72 10.18 17.49 17.98
8/31/2011 31.74 3.30 9.21 11.57
9/30/2011 19.37 -4.50 -0.22 3.73
10/31/2011 34.02 6.43 10.10 15.06
11/30/2011 29.94 5.88 7.41 14.81
12/31/2011 32.11 8.01 7.35 15.98
1/31/2012 40.10 12.10 12.74 21.18
2/29/2012 47.21 16.57 18.24 26.42
3/31/2012 50.57 20.02 19.76 30.58
4/30/2012 48.31 18.80 18.40 29.76
5/31/2012 37.84 11.83 8.18 21.96
6/30/2012 42.49 17.38 13.70 26.99
7/31/2012 45.24 18.60 15.16 28.75
8/31/2012 50.04 21.17 18.08 31.65
9/30/2012 54.66 25.02 21.32 35.05
10/31/2012 55.39 24.41 20.50 32.56
11/30/2012 53.58 24.36 22.04 33.33
12/31/2012 57.40 26.92 24.34 34.54
1/31/2013 66.04 35.17 30.67 41.51
2/28/2013 66.96 37.11 30.89 43.43
3/31/2013 74.75 42.55 33.95 48.81
4/30/2013 80.08 44.70 38.17 51.68
5/31/2013 85.96 48.42 38.22 55.23
6/30/2013 81.85 47.11 34.82 53.14
7/31/2013 91.33 55.05 41.92 60.94
8/31/2013 86.09 49.17 38.90 56.27
9/30/2013 89.46 52.90 45.84 61.18
10/31/2013 96.68 59.60 51.55 68.58
11/30/2013 103.83 64.05 54.24 73.72
12/31/2013 107.18 68.21 57.51 78.12
1/31/2014 98.17 62.23 51.67 71.96
2/28/2014 107.44 69.25 59.27 79.83
3/31/2014 111.05 73.29 59.50 81.34
4/30/2014 112.84 74.94 61.13 82.68
5/31/2014 116.68 77.50 64.30 86.97
6/30/2014 123.86 82.14 67.24 90.83
7/31/2014 120.40 79.03 64.57 88.20
8/31/2014 129.31 85.61 68.20 95.73
9/30/2014 120.84 81.78 63.63 92.98
10/31/2014 124.58 85.87 64.69 97.70
11/30/2014 129.12 89.67 67.99 103.01
12/31/2014 128.00 90.84 65.28 102.50
1/31/2015 117.56 83.21 62.29 96.42
2/28/2015 131.62 92.07 71.80 107.71
3/31/2015 130.38 89.46 69.11 104.43
4/30/2015 134.02 91.23 73.07 106.39
5/31/2015 135.16 93.53 73.67 109.04
6/30/2015 127.68 89.66 69.63 104.99
7/31/2015 126.31 90.50 72.68 109.29
8/31/2015 115.19 79.15 61.25 96.66
9/30/2015 103.17 73.74 55.30 91.80
10/31/2015 116.83 86.85 67.61 107.98
11/30/2015 115.89 87.57 66.78 108.59
12/31/2015 105.60 83.53 63.84 105.30
1/31/2016 89.92 74.05 54.04 95.12
2/29/2016 89.45 74.00 52.90 94.85
3/31/2016 103.61 86.54 63.27 108.07
4/30/2016 106.42 90.46 65.85 108.88
5/31/2016 108.45 93.42 66.79 112.63
6/30/2016 105.55 95.09 64.92 113.18
7/31/2016 115.59 100.75 71.88 121.04
8/31/2016 119.67 102.30 72.03 121.35
9/30/2016 118.86 101.88 72.94 121.39
10/31/2016 117.84 98.75 69.59 117.35
11/30/2016 129.05 110.11 72.03 125.40
12/31/2016 135.76 115.36 76.15 129.86
1/31/2017 137.83 116.89 80.40 134.22
2/28/2017 145.62 124.69 85.41 143.52
3/31/2017 142.70 122.40 87.38 143.80
4/30/2017 142.62 121.98 90.16 146.31
5/31/2017 140.38 121.76 94.18 149.77
6/30/2017 145.66 125.39 94.93 151.33
7/31/2017 150.64 128.38 99.59 156.50
8/31/2017 146.07 125.72 99.87 157.28
9/30/2017 153.33 132.41 104.36 162.59
10/31/2017 157.45 134.10 108.22 168.72
11/30/2017 161.41 141.26 112.73 176.96
12/31/2017 165.45 144.79 115.61 180.04
1/31/2018 174.73 154.25 126.99 196.07
2/28/2018 162.75 142.11 117.59 185.16
3/31/2018 156.97 137.85 112.85 177.91
4/30/2018 157.96 138.63 115.29 178.98
5/31/2018 159.85 140.05 116.64 185.70
6/30/2018 158.91 140.65 116.54 187.46
7/31/2018 167.93 150.17 123.30 198.15
8/31/2018 170.99 153.87 126.06 207.87
9/30/2018 172.44 154.37 127.32 209.62
Date Dividends
12/18/2008 0.239
3/20/2009 0.1757
6/19/2009 0.2174
9/25/2009 0.1066
12/17/2009 0.1678
3/19/2010 0.0696
6/25/2010 0.0843
9/24/2010 0.0864
12/17/2010 0.203
3/25/2011 0.098
6/24/2011 0.1355
9/23/2011 0.0996
12/8/2011 0.3227
3/23/2012 0.1162
6/22/2012 0.1576
9/21/2012 0.1341
12/6/2012 0.334
3/22/2013 0.1311
6/21/2013 0.1743
9/20/2013 0.1855
12/11/2013 0.3976
3/21/2014 0.2161
6/20/2014 0.1241
9/19/2014 0.1816
12/9/2014 0.2461
3/19/2015 0.1561
6/18/2015 0.1773
9/24/2015 0.2275
12/8/2015 0.5066
3/24/2016 0.1321
6/23/2016 0.1406
9/22/2016 0.1787
12/12/2016 0.212
3/23/2017 0.1312
6/22/2017 0.1804
9/21/2017 0.1728
12/11/2017 0.2811
3/22/2018 0.1059
6/21/2018 0.1466
9/20/2018 0.1878

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, 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.

$ per share as of 10/15/2018

Date 2013 2014 2015 2016 2017
Short Term 0.5080 0.7101 0.4129 0.1021
Long Term 0.5971 1.0410 1.0579 0.1331
Total Amount of Distribution 1.1051 1.7510 1.4708 0.2352
Record Date 12/9/13 12/8/14 12/7/15 12/8/17
Ex Div Date 12/10/13 12/9/14 12/8/15 12/11/17
Pay Date 12/11/13 12/9/14 12/8/15 12/11/17

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

Portfolio

Top Holdings

(49.0% of assets as of 09/30/2018)


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 88.6% 99.7% -11.1%
United Kingdom 4.8% - -
Canada 2.9% - -
Switzerland 0.7% - -
Developed Markets Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Americas 91.5% 99.7% -8.2%
Europe 5.6% 0.2% 5.4%
Equity Sector Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Financials 21.1% 22.8% -1.8%
Health Care 16.7% 15.2% 1.5%
Energy 14.7% 10.8% 3.9%
Consumer Staples 7.7% 7.2% 0.5%
Consumer Discretionary 7.1% 5.3% 1.8%
Information Technology 6.9% 9.8% -2.9%
Industrials 6.9% 8.1% -1.1%
Communication Services 5.9% 6.8% -0.8%
Utilities 4.2% 5.6% -1.4%
Real Estate 3.9% 4.6% -0.7%
Materials 1.9% 3.9% -2.0%
Industry Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Oil Gas & Consumable Fuels 13.3% 9.8% 3.5%
Banks 12.7% 11.4% 1.3%
Pharmaceuticals 7.4% 6.8% 0.6%
Capital Markets 5.1% 3.2% 1.9%
Diversified Telecommunication Services 4.9% 3.6% 1.3%
Health Care Providers & Services 4.6% 2.9% 1.7%
Electric Utilities 4.2% 3.3% 0.9%
Equity Real Estate Investment Trusts (REITs) 3.9% 4.5% -0.6%
Health Care Equipment & Supplies 3.2% 3.8% -0.7%
Beverages 3.0% 0.5% 2.5%
Communications Equipment 2.8% 2.0% 0.8%
Multiline Retail 2.6% 0.6% 2.0%
Electrical Equipment 2.4% 0.6% 1.8%
Software 2.1% 1.8% 0.2%
Automobiles 2.1% 0.6% 1.4%
Tobacco 1.9% 0.9% 1.0%
Technology Hardware Storage & Peripherals 1.6% 0.7% 0.9%
Food Products 1.5% 2.0% -0.5%
Biotechnology 1.5% 0.4% 1.2%
Energy Equipment & Services 1.4% 1.0% 0.4%
Asset Allocation Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Equity 97.1% 100.0% -2.9%
Market Cap Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Large 86.8% 78.5% 8.3%
Mid 8.1% 20.6% -12.5%
Small 1.0% 0.9% 0.2%
Analytics
(As of 09/30/2018)

Morningstar 09/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1109
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-3.53
-3.59
Beta
1.06
1.08
Information Ratio
-0.99
-0.97
R-Squared
90.23
91.24
Sharpe Ratio
0.91
0.68
Standard Deviation
10.41
10.84
Upside Capture
95.30
96.22
Downside Capture
133.04
125.69
Sortino Ratio
1.52
1.06
Win Ratio
42.00
42.00
Loss Ratio
58.00
58.00
Tracking Error
3.30
3.29
Yields
Dividend Yield (with sales charge)
2.14%
Dividend Yield (w/o sales charge)
2.27%
Standardized Yield
1.91%
Unsubsidized Yield
1.90%
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$150.50 B
$126.17 B
Median Market Cap (weighted)
$98.72 B
$69.83 B
P/E Ratio (LTM)
16.14
18.33
P/E Ratio (NTM)
13.22
14.40
Price/Book
2.19
2.18
Debt to Capital Ratio
53.31
45.36
Turnover Ratio
46%
-
Active Share
69.27%
-
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
9/20/2018
Per Share ($)
$0.1878
12-Month Distribution ($)
$0.7213
Distribution Sources
  • D
Net Income
96.50%
Net Profit from Sale
0.00%
Other Capital Sources
3.50%
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. 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 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.
  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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