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OBEIX

Equity Income Fund

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Overview

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

Inception Date
March 3, 1997
Investment Style
Equity Income
Fund Index
Russell 1000® Value Index
CUSIP
68381A202
NAV
  • A
(as of 04/19/2018)
$25.31
Total Assets
(as of 03/31/2018)
$3.46 BN
Gross Expense Ratio
(as of 03/29/2018)
1.81%
Net Expense Ratio
(as of 03/29/2018)
1.81%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 03/31/2018
  • F
as of 03/31/2018
  • F

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • F
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
-3.41% 5.04% 2.90% 7.16% 7.87% 8.22%
Russell 1000® Value Index
-2.83% 6.95% 7.88% 10.78% 7.78% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
-8.23% 0.04% 2.01% 6.85% 7.87% 8.22%
Russell 1000® Value Index
-2.83% 6.95% 7.88% 10.78% 7.78% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
-3.41% 5.04% 2.90% 7.16% 7.87% 8.22%
Russell 1000® Value Index
-2.83% 6.95% 7.88% 10.78% 7.78% -
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
-8.23% 0.04% 2.01% 6.85% 7.87% 8.22%
Russell 1000® Value Index
-2.83% 6.95% 7.88% 10.78% 7.78% -
Gross Expense Ratio: 1.81% | Net Expense Ratio: 1.81%

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 contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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 19.35% 15.63%
1999 5.25% 7.35%
2000 14.34% 7.01%
2001 -1.78% -5.59%
2002 -15.37% -15.52%
2003 27.62% 30.03%
2004 15.65% 16.49%
2005 8.22% 7.05%
2006 12.58% 22.25%
2007 1.67% -0.17%
2008 -36.12% -36.85%
2009 40.95% 19.69%
2010 19.77% 15.51%
2011 -7.34% 0.39%
2012 18.07% 17.51%
2013 30.36% 32.53%
2014 9.23% 13.45%
2015 -10.54% -3.83%
2016 13.84% 17.34%
2017 11.71% 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 and reinvested distributions and contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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
3/31/2008 0.00 0.00 0.00 0.00
4/30/2008 4.80 4.87 5.26 4.87
5/31/2008 7.25 4.71 6.86 6.23
6/30/2008 -1.14 -5.31 -1.66 -2.73
7/31/2008 -3.56 -5.66 -4.06 -3.54
8/31/2008 -2.26 -4.05 -5.41 -2.15
9/30/2008 -12.39 -11.10 -16.66 -10.87
10/31/2008 -26.76 -26.49 -32.46 -25.84
11/30/2008 -31.39 -31.76 -36.83 -31.16
12/31/2008 -28.04 -30.82 -34.81 -30.43
1/31/2009 -33.13 -38.77 -40.52 -36.29
2/28/2009 -39.12 -46.95 -46.61 -43.07
3/31/2009 -32.88 -42.42 -42.58 -38.09
4/30/2009 -25.90 -36.24 -36.14 -32.16
5/31/2009 -16.31 -32.30 -30.35 -28.37
6/30/2009 -15.92 -32.80 -30.67 -28.23
7/31/2009 -12.85 -27.30 -24.80 -22.80
8/31/2009 -8.26 -23.50 -21.69 -20.01
9/30/2009 -3.64 -20.54 -18.57 -17.03
10/31/2009 -5.65 -22.98 -20.02 -18.57
11/30/2009 -0.74 -18.63 -16.75 -13.68
12/31/2009 2.34 -17.19 -15.26 -12.01
1/31/2010 0.31 -19.52 -18.76 -15.18
2/28/2010 3.88 -16.98 -17.62 -12.55
3/31/2010 9.86 -11.58 -12.51 -7.28
4/30/2010 10.70 -9.29 -12.50 -5.81
5/31/2010 2.76 -16.75 -20.88 -13.33
6/30/2010 -2.69 -21.43 -23.60 -17.87
7/31/2010 5.98 -16.11 -17.40 -12.12
8/31/2010 2.34 -19.70 -20.48 -16.08
9/30/2010 11.10 -13.47 -13.07 -8.59
10/31/2010 14.41 -10.88 -9.83 -5.12
11/30/2010 14.71 -11.35 -11.78 -5.10
12/31/2010 23.69 -4.35 -5.29 1.24
1/31/2011 26.07 -2.19 -3.15 3.64
2/28/2011 29.95 1.42 0.24 7.19
3/31/2011 30.10 1.82 -0.75 7.23
4/30/2011 34.35 4.53 3.47 10.41
5/31/2011 33.64 3.43 1.32 9.16
6/30/2011 30.09 1.31 -0.28 7.34
7/31/2011 25.91 -2.05 -2.09 5.16
8/31/2011 15.42 -8.17 -8.99 -0.56
9/30/2011 4.58 -15.11 -16.85 -7.55
10/31/2011 17.42 -5.39 -8.25 2.56
11/30/2011 13.84 -5.88 -10.49 2.33
12/31/2011 15.74 -3.98 -10.54 3.38
1/31/2012 22.75 -0.35 -6.05 8.01
2/29/2012 28.97 3.62 -1.46 12.68
3/31/2012 31.92 6.70 -0.19 16.39
4/30/2012 29.94 5.61 -1.33 15.66
5/31/2012 20.76 -0.58 -9.84 8.71
6/30/2012 24.84 4.35 -5.25 13.19
7/31/2012 27.25 5.43 -4.03 14.76
8/31/2012 31.45 7.72 -1.60 17.34
9/30/2012 35.50 11.14 1.11 20.37
10/31/2012 36.14 10.59 0.42 18.15
11/30/2012 34.55 10.55 1.71 18.84
12/31/2012 37.90 12.83 3.62 19.92
1/31/2013 45.47 20.17 8.90 26.13
2/28/2013 46.28 21.89 9.08 27.84
3/31/2013 53.10 26.72 11.63 32.64
4/30/2013 57.77 28.63 15.15 35.19
5/31/2013 62.93 31.94 15.19 38.36
6/30/2013 59.32 30.77 12.35 36.50
7/31/2013 67.62 37.83 18.27 43.44
8/31/2013 63.03 32.61 15.75 39.29
9/30/2013 65.99 35.93 21.54 43.66
10/31/2013 72.31 41.88 26.30 50.26
11/30/2013 78.58 45.84 28.54 54.84
12/31/2013 81.51 49.53 31.26 58.76
1/31/2014 73.62 44.22 26.40 53.27
2/28/2014 81.74 50.46 32.73 60.28
3/31/2014 84.90 54.05 32.92 61.63
4/30/2014 86.47 55.51 34.28 62.82
5/31/2014 89.84 57.79 36.93 66.65
6/30/2014 96.13 61.91 39.37 70.09
7/31/2014 93.10 59.15 37.15 67.74
8/31/2014 100.91 65.00 40.17 74.45
9/30/2014 93.48 61.60 36.37 72.01
10/31/2014 96.76 65.23 37.25 76.21
11/30/2014 100.74 68.61 40.00 80.95
12/31/2014 99.75 69.65 37.74 80.49
1/31/2015 90.61 62.87 35.25 75.07
2/28/2015 102.92 70.75 43.17 85.14
3/31/2015 101.84 68.42 40.93 82.21
4/30/2015 105.03 70.00 44.24 83.96
5/31/2015 106.03 72.04 44.73 86.32
6/30/2015 99.47 68.61 41.37 82.71
7/31/2015 98.28 69.34 43.90 86.54
8/31/2015 88.54 59.26 34.38 75.29
9/30/2015 78.00 54.45 29.43 70.95
10/31/2015 89.97 66.10 39.68 85.37
11/30/2015 89.15 66.74 38.99 85.92
12/31/2015 80.13 63.15 36.54 82.99
1/31/2016 66.39 54.72 28.37 73.91
2/29/2016 65.99 54.68 27.42 73.67
3/31/2016 78.39 65.83 36.07 85.46
4/30/2016 80.85 69.31 38.22 86.18
5/31/2016 82.63 71.94 39.00 89.52
6/30/2016 80.09 73.43 37.44 90.01
7/31/2016 88.88 78.46 43.24 97.02
8/31/2016 92.45 79.84 43.36 97.29
9/30/2016 91.75 79.46 44.13 97.33
10/31/2016 90.85 76.69 41.34 93.73
11/30/2016 100.67 86.78 43.37 100.90
12/31/2016 106.55 91.45 46.80 104.88
1/31/2017 108.36 92.81 50.34 108.76
2/28/2017 115.19 99.74 54.51 117.05
3/31/2017 112.63 97.70 56.16 117.30
4/30/2017 112.56 97.33 58.47 119.54
5/31/2017 110.60 97.14 61.82 122.63
6/30/2017 115.23 100.36 62.45 124.01
7/31/2017 119.59 103.03 66.33 128.62
8/31/2017 115.58 100.66 66.57 129.32
9/30/2017 121.95 106.60 70.31 134.05
10/31/2017 125.56 108.10 73.52 139.51
11/30/2017 129.03 114.48 77.28 146.86
12/31/2017 132.57 117.61 79.68 149.60
1/31/2018 140.69 126.02 89.17 163.89
2/28/2018 130.20 115.23 81.33 154.17
3/29/2018 125.14
Date Dividends
6/27/2008 0.1006
9/26/2008 0.0981
12/18/2008 0.2086
3/20/2009 0.1542
6/19/2009 0.1941
9/25/2009 0.0738
12/17/2009 0.1313
3/19/2010 0.0378
6/25/2010 0.0445
9/24/2010 0.0493
12/17/2010 0.1558
3/25/2011 0.0589
6/24/2011 0.0905
9/23/2011 0.0622
12/8/2011 0.2817
3/23/2012 0.0777
6/22/2012 0.1117
9/21/2012 0.0863
12/6/2012 0.2796
3/22/2013 0.0879
6/21/2013 0.1172
9/20/2013 0.1318
12/11/2013 0.3345
3/21/2014 0.1705
6/20/2014 0.0776
9/19/2014 0.1336
12/9/2014 0.1908
3/19/2015 0.1175
6/18/2015 0.1304
9/24/2015 0.179
12/8/2015 0.4612
3/24/2016 0.0991
6/23/2016 0.1048
9/22/2016 0.1397
12/12/2016 0.1651
3/23/2017 0.0871
6/22/2017 0.129
9/21/2017 0.1172
12/11/2017 0.2155
3/22/2018 0.0317

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 contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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 04/19/2018

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

(48.6% of assets as of 03/31/2018)


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 92.4% 99.8% -7.3%
United Kingdom 4.0% 0.0% 4.0%
Canada 1.8% 0.0% 1.8%
Developed Markets Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Americas 94.2% 99.8% -5.6%
Europe 4.0% 0.2% 3.8%
Equity Sector Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Financials 24.4% 27.1% -2.7%
Information Technology 12.2% 9.3% 2.9%
Health Care 10.6% 13.6% -3.0%
Energy 9.5% 10.7% -1.2%
Consumer Discretionary 9.0% 6.8% 2.3%
Utilities 7.0% 5.9% 1.1%
Industrials 6.9% 8.2% -1.4%
Consumer Staples 6.7% 8.1% -1.4%
Telecommunication Services 4.7% 2.9% 1.8%
Materials 3.6% 2.9% 0.7%
Real Estate 3.6% 4.6% -1.0%
Industry Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Banks 13.6% 12.9% 0.7%
Oil Gas & Consumable Fuels 9.5% 9.5% 0.0%
Capital Markets 7.3% 4.3% 3.0%
Electric Utilities 7.0% 3.5% 3.5%
Hotels Restaurants & Leisure 5.4% 0.8% 4.6%
Pharmaceuticals 5.2% 6.5% -1.4%
Diversified Telecommunication Services 4.7% 2.8% 1.9%
Semiconductors & Semiconductor Equipment 4.5% 3.2% 1.3%
Aerospace & Defense 4.1% 2.1% 2.0%
Communications Equipment 3.6% 2.1% 1.6%
Equity Real Estate Investment Trusts (REITs) 3.6% 4.4% -0.7%
Beverages 3.1% 0.6% 2.5%
Software 2.4% 1.4% 1.0%
Health Care Equipment & Supplies 2.2% 2.9% -0.7%
Biotechnology 1.8% 1.1% 0.7%
Technology Hardware Storage & Peripherals 1.7% 0.8% 0.9%
Electrical Equipment 1.5% 0.8% 0.7%
Automobiles 1.5% 0.8% 0.7%
Chemicals 1.5% 1.7% -0.2%
Health Care Providers & Services 1.5% 2.4% -0.9%
Asset Allocation Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Equity 98.2% 100.0% -1.8%
Market Cap Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Large 85.2% 78.8% 6.4%
Mid 11.0% 20.1% -9.1%
Small 2.1% 1.2% 0.9%
Analytics
(As of 03/31/2018)

Morningstar 03/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1086
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-5.04
-3.92
Beta
1.06
1.07
Information Ratio
-1.34
-1.04
R-Squared
89.91
90.82
Sharpe Ratio
0.26
0.64
Standard Deviation
11.59
11.23
Upside Capture
91.61
95.86
Downside Capture
132.64
126.31
Sortino Ratio
0.11
0.29
Win Ratio
39.00
42.00
Loss Ratio
61.00
58.00
Tracking Error
3.73
3.47
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
3/22/2018
Per Share ($)
$0.0317
12-Month Distribution ($)
$0.4933
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$150.10 B
$120.80 B
Median Market Cap (weighted)
$100.60 B
$63.40 B
P/E Ratio (LTM)
17.18
19.36
P/E Ratio (NTM)
13.77
14.53
Price/Book
2.11
2.02
Debt to Capital Ratio
54.00
44.52
Turnover Ratio
46.00%
-
Active Share
65.38%
-
Yields
Standardized Yield
1.37%
Distribution Sources
  • D
Net Income
86.90%
Net Profit from Sale
0.00%
Other Capital Sources
13.10%
Documents
  1. 1. On 8/1/07, the Fund's investment objective changed from "seeks capital appreciation" to "seeks total return." Performance prior to 8/1/07 is not indicative of performance for any subsequent periods.
  2. 2. Special Risks: 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. Access index definitions.
  5. 5. Top Holdings represent stock holdings only and do not include cash and cash equivalents or fixed income holdings.
  6. 6. 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.
  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.
  13. E. Class B shares convert to Class A shares 72 months after purchase; therefore "since inception", "10-year" and "15-year" returns for Class B (if applicable) use Class A performance for period after conversion.
  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 contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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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