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OCEIX

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
68381A301
NAV
  • A
(as of 08/17/2018)
$25.78
Total Assets
(as of 07/31/2018)
$3.39 BN
Gross Expense Ratio
(as of 07/31/2018)
1.80%
Net Expense Ratio
(as of 07/31/2018)
1.80%
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

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
-2.87% 4.58% 3.59% 6.51% 7.81% 7.53%
Russell 1000® Value Index
-1.69% 6.77% 8.26% 10.34% 8.49% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
-3.83% 3.58% 3.59% 6.51% 7.81% 7.53%
Russell 1000® Value Index
-1.69% 6.77% 8.26% 10.34% 8.49% -
Cumulative
Annualized
ytd as of 2018-07-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
0.46% 6.08% 5.00% 6.16% 8.45% 7.67%
Russell 1000® Value Index
2.20% 9.54% 9.51% 10.04% 8.95% -
Cumulative
Annualized
ytd as of 2018-07-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
-0.54% 5.08% 5.00% 6.16% 8.45% 7.67%
Russell 1000® Value Index
2.20% 9.54% 9.51% 10.04% 8.95% -
Gross Expense Ratio: 1.80% | Net Expense Ratio: 1.80%

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%

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
7/31/2008 0.00 0.00 0.00 0.00
8/31/2008 1.27 1.70 -1.40 1.45
9/30/2008 -9.28 -5.77 -13.13 -7.59
10/31/2008 -24.25 -22.08 -29.60 -23.11
11/30/2008 -29.08 -27.67 -34.16 -28.63
12/31/2008 -25.65 -26.67 -32.05 -27.87
1/31/2009 -30.95 -35.10 -38.00 -33.95
2/28/2009 -37.20 -43.77 -44.35 -40.98
3/31/2009 -30.84 -38.96 -40.15 -35.81
4/30/2009 -23.64 -32.42 -33.43 -29.67
5/31/2009 -13.82 -28.24 -27.40 -25.74
6/30/2009 -13.50 -28.77 -27.73 -25.59
7/31/2009 -10.37 -22.94 -21.61 -19.96
8/31/2009 -5.74 -18.91 -18.38 -17.07
9/30/2009 -1.07 -15.78 -15.12 -13.98
10/31/2009 -3.22 -18.36 -16.63 -15.57
11/30/2009 1.78 -13.76 -13.23 -10.51
12/31/2009 4.83 -12.23 -11.67 -8.78
1/31/2010 2.67 -14.70 -15.32 -12.06
2/28/2010 6.24 -12.00 -14.13 -9.34
3/31/2010 12.29 -6.28 -8.81 -3.87
4/30/2010 13.11 -3.85 -8.79 -2.35
5/31/2010 4.95 -11.75 -17.53 -10.15
6/30/2010 -0.75 -16.72 -20.36 -14.85
7/31/2010 8.02 -11.08 -13.90 -8.89
8/31/2010 4.31 -14.89 -17.12 -13.00
9/30/2010 13.12 -8.29 -9.39 -5.23
10/31/2010 16.43 -5.53 -6.01 -1.63
11/30/2010 16.60 -6.03 -8.04 -1.62
12/31/2010 25.65 1.38 -1.28 4.96
1/31/2011 27.97 3.67 0.95 7.45
2/28/2011 31.84 7.50 4.49 11.13
3/31/2011 31.90 7.92 3.46 11.17
4/30/2011 36.14 10.80 7.85 14.46
5/31/2011 35.30 9.63 5.62 13.17
6/30/2011 31.67 7.38 3.94 11.28
7/31/2011 27.35 3.82 2.06 9.02
8/31/2011 16.68 -2.66 -5.13 3.10
9/30/2011 5.69 -10.02 -13.33 -4.15
10/31/2011 18.51 0.29 -4.36 6.33
11/30/2011 14.84 -0.23 -6.69 6.09
12/31/2011 16.66 1.78 -6.75 7.18
1/31/2012 23.63 5.63 -2.07 11.98
2/29/2012 29.87 9.84 2.72 16.82
3/31/2012 32.71 13.09 4.04 20.67
4/30/2012 30.68 11.94 2.86 19.91
5/31/2012 21.36 5.38 -6.02 12.70
6/30/2012 25.32 10.61 -1.23 17.34
7/31/2012 27.72 11.75 0.04 18.97
8/31/2012 31.80 14.18 2.57 21.65
9/30/2012 35.78 17.80 5.39 24.80
10/31/2012 36.34 17.22 4.68 22.49
11/30/2012 34.67 17.18 6.02 23.20
12/31/2012 37.95 19.60 8.01 24.33
1/31/2013 45.40 27.37 13.51 30.77
2/28/2013 46.17 29.20 13.70 32.54
3/31/2013 52.84 34.32 16.36 37.51
4/30/2013 57.38 36.35 20.03 40.16
5/31/2013 62.43 39.85 20.07 43.44
6/30/2013 58.76 38.61 17.12 41.51
7/31/2013 66.92 46.10 23.28 48.72
8/31/2013 62.23 40.56 20.66 44.41
9/30/2013 65.13 44.08 26.69 48.94
10/31/2013 71.27 50.39 31.65 55.78
11/30/2013 77.35 54.58 33.99 60.53
12/31/2013 80.14 58.50 36.83 64.59
1/31/2014 72.22 52.87 31.76 58.90
2/28/2014 80.14 59.48 38.35 66.17
3/31/2014 83.22 63.29 38.55 67.57
4/30/2014 84.59 64.84 39.97 68.81
5/31/2014 87.82 67.25 42.73 72.77
6/30/2014 93.94 71.62 45.28 76.34
7/31/2014 90.84 68.70 42.96 73.91
8/31/2014 98.42 74.90 46.11 80.87
9/30/2014 90.99 71.29 42.15 78.33
10/31/2014 94.10 75.14 43.07 82.68
11/30/2014 97.84 78.72 45.93 87.60
12/31/2014 96.79 79.82 43.58 87.13
1/31/2015 87.65 72.63 40.98 81.51
2/28/2015 99.69 80.98 49.24 91.94
3/31/2015 98.49 78.52 46.90 88.90
4/30/2015 101.48 80.19 50.35 90.72
5/31/2015 102.37 82.36 50.87 93.17
6/30/2015 95.79 78.71 47.36 89.43
7/31/2015 94.44 79.50 50.00 93.40
8/31/2015 84.83 68.81 40.08 81.73
9/30/2015 74.31 63.71 34.91 77.23
10/31/2015 85.96 76.06 45.60 92.18
11/30/2015 85.05 76.74 44.88 92.75
12/31/2015 76.15 72.94 42.33 89.71
1/31/2016 62.56 64.00 33.81 80.30
2/29/2016 62.06 63.96 32.82 80.06
3/31/2016 74.10 75.77 41.83 92.27
4/30/2016 76.42 79.46 44.08 93.02
5/31/2016 77.99 82.25 44.88 96.48
6/30/2016 75.46 83.83 43.26 96.99
7/31/2016 83.86 89.16 49.31 104.26
8/31/2016 87.27 90.62 49.44 104.54
9/30/2016 86.45 90.22 50.23 104.58
10/31/2016 85.45 87.28 47.32 100.85
11/30/2016 94.82 97.98 49.44 108.29
12/31/2016 100.42 102.92 53.02 112.40
1/31/2017 102.03 104.37 56.71 116.43
2/28/2017 108.60 111.71 61.06 125.03
3/31/2017 105.95 109.56 62.78 125.29
4/30/2017 105.70 109.16 65.19 127.60
5/31/2017 103.75 108.96 68.68 130.81
6/30/2017 108.07 112.38 69.33 132.25
7/31/2017 112.16 115.20 73.38 137.02
8/31/2017 108.16 112.69 73.63 137.75
9/30/2017 114.15 118.99 77.52 142.65
10/31/2017 117.49 120.58 80.88 148.31
11/30/2017 120.66 127.34 84.80 155.93
12/31/2017 124.03 130.65 87.30 158.78
1/31/2018 131.61 139.57 97.18 173.59
2/28/2018 121.41 128.13 89.02 163.51
3/31/2018 116.44 124.12 84.90 156.81
4/30/2018 117.05 124.86 87.02 157.80
5/31/2018 118.62 126.19 88.19 164.00
6/30/2018 117.60 126.75 88.10 165.63
7/31/2018 125.06 135.73 93.98 175.51
Date Dividends
9/26/2008 0.1009
12/18/2008 0.2117
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

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 08/18/2018

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

(48.5% of assets as of 07/31/2018)


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 89.2% 99.6% -10.4%
United Kingdom 4.7% 0.1% 4.6%
Canada 3.1% - -
Switzerland 0.5% - -
Developed Markets Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Americas 92.3% 99.6% -7.3%
Europe 5.2% 0.3% 4.9%
Equity Sector Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Financials 23.4% 23.7% -0.3%
Health Care 14.5% 14.3% 0.1%
Energy 14.4% 10.9% 3.5%
Consumer Discretionary 7.8% 8.1% -0.3%
Consumer Staples 7.7% 7.3% 0.4%
Information Technology 7.3% 9.7% -2.4%
Industrials 6.2% 8.1% -1.9%
Utilities 5.4% 5.6% -0.2%
Telecommunication Services 4.7% 3.5% 1.2%
Real Estate 3.6% 4.8% -1.1%
Materials 2.5% 4.1% -1.6%
Industry Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Banks 14.1% 12.1% 2.0%
Oil Gas & Consumable Fuels 13.6% 9.8% 3.8%
Pharmaceuticals 6.2% 6.4% -0.2%
Capital Markets 5.9% 3.4% 2.4%
Electric Utilities 5.4% 3.3% 2.1%
Diversified Telecommunication Services 4.7% 3.4% 1.3%
Health Care Providers & Services 4.0% 2.7% 1.4%
Equity Real Estate Investment Trusts (REITs) 3.6% 4.6% -1.0%
Beverages 3.2% 0.5% 2.7%
Health Care Equipment & Supplies 2.9% 3.6% -0.7%
Hotels Restaurants & Leisure 2.7% 1.8% 1.0%
Communications Equipment 2.5% 1.8% 0.7%
Electrical Equipment 2.3% 0.6% 1.7%
Software 2.2% 1.8% 0.4%
Multiline Retail 2.1% 0.6% 1.5%
Automobiles 2.0% 0.7% 1.3%
Technology Hardware Storage & Peripherals 1.9% 0.7% 1.2%
Tobacco 1.7% 1.0% 0.7%
Food Products 1.6% 2.1% -0.5%
Consumer Finance 1.3% 0.9% 0.5%
Asset Allocation Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Equity 97.5% 100.0% -2.5%
Market Cap Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Large 86.8% 79.9% 6.9%
Mid 9.6% 19.4% -9.8%
Small 1.1% 0.7% 0.4%
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
-4.53
-4.07
Beta
1.05
1.06
Information Ratio
-1.24
-1.16
R-Squared
90.19
90.99
Sharpe Ratio
0.41
0.56
Standard Deviation
11.51
10.95
Upside Capture
92.53
92.82
Downside Capture
130.59
123.93
Sortino Ratio
0.18
0.25
Win Ratio
39.00
40.00
Loss Ratio
61.00
60.00
Tracking Error
3.64
3.34
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
6/21/2018
Per Share ($)
$0.1046
12-Month Distribution ($)
$0.5404
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$145.93 B
$122.23 B
Median Market Cap (weighted)
$92.87 B
$65.81 B
P/E Ratio (LTM)
15.48
18.18
P/E Ratio (NTM)
13.43
14.53
Price/Book
2.14
2.15
Debt to Capital Ratio
53.35
45.50
Turnover Ratio
46%
-
Active Share
70.07%
-
Yields
Dividend Yield (with sales charge)
0.00%
Dividend Yield (w/o sales charge)
1.67%
Standardized Yield
1.33%
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
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 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.
  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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