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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
  • A
(as of 12/17/2018)
$26.86
Total Assets
(as of 11/30/2018)
$3.16 BN
Gross Expense Ratio
(as of 11/30/2018)
0.80%
Net Expense Ratio
(as of 11/30/2018)
0.80%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 11/30/2018
  • H
as of 09/30/2018
  • H

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
2.82% 7.82% 10.54% 7.80% - 8.63%
Russell 1000® Value Index
3.92% 9.45% 13.55% 10.72% 9.79% -
Cumulative
Annualized
ytd as of 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
-0.76% 0.81% 7.04% 5.48% - 7.94%
Russell 1000® Value Index
1.48% 2.96% 9.82% 8.65% 12.46% -
Gross Expense Ratio: 0.80% | Net Expense Ratio: 0.80%

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%

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
11/30/2008 0.00 0.00 0.00 0.00
12/31/2008 4.89 1.39 3.21 1.06
1/31/2009 -2.53 -10.27 -5.83 -7.45
2/28/2009 -11.26 -22.26 -15.47 -17.31
3/31/2009 -2.18 -15.61 -9.10 -10.06
4/30/2009 8.00 -6.57 1.10 -1.46
5/31/2009 21.98 -0.79 10.26 4.05
6/30/2009 22.54 -1.52 9.76 4.26
7/31/2009 27.02 6.54 19.06 12.15
8/31/2009 33.71 12.11 23.97 16.20
9/30/2009 40.45 16.44 28.91 20.53
10/31/2009 37.52 12.88 26.62 18.29
11/30/2009 44.67 19.24 31.79 25.39
12/31/2009 49.16 21.35 34.16 27.81
1/31/2010 46.21 17.94 28.61 23.21
2/28/2010 51.40 21.66 30.43 27.03
3/31/2010 60.12 29.58 38.50 34.69
4/30/2010 61.35 32.93 38.52 36.82
5/31/2010 49.78 22.01 25.25 25.90
6/30/2010 41.83 15.14 20.96 19.31
7/31/2010 54.47 22.93 30.77 27.66
8/31/2010 49.17 17.67 25.88 21.90
9/30/2010 61.93 26.80 37.62 32.78
10/31/2010 66.75 30.61 42.75 37.83
11/30/2010 67.18 29.92 39.67 37.85
12/31/2010 80.28 40.17 49.94 47.06
1/31/2011 83.74 43.34 53.33 50.55
2/28/2011 89.40 48.63 58.70 55.71
3/31/2011 89.62 49.22 57.13 55.77
4/30/2011 95.82 53.19 63.81 60.38
5/31/2011 94.78 51.57 60.41 58.57
6/30/2011 89.60 48.46 57.87 55.92
7/31/2011 83.52 43.54 55.01 52.75
8/31/2011 68.23 34.58 44.09 44.45
9/30/2011 52.42 24.41 31.64 34.30
10/31/2011 71.14 38.65 45.26 48.98
11/30/2011 65.92 37.94 41.71 48.65
12/31/2011 68.69 40.72 41.63 50.17
1/31/2012 78.90 46.04 48.74 56.90
2/29/2012 87.98 51.86 56.01 63.68
3/31/2012 92.27 56.36 58.01 69.07
4/30/2012 89.38 54.77 56.22 68.01
5/31/2012 76.01 45.69 42.73 57.91
6/30/2012 81.95 52.93 50.01 64.42
7/31/2012 85.47 54.51 51.93 66.70
8/31/2012 91.59 57.86 55.79 70.46
9/30/2012 97.50 62.87 60.07 74.86
10/31/2012 98.42 62.07 58.98 71.63
11/30/2012 96.11 62.01 61.02 72.63
12/31/2012 100.99 65.35 64.05 74.20
1/31/2013 112.02 76.10 72.40 83.22
2/28/2013 113.20 78.63 72.69 85.71
3/31/2013 123.14 85.70 76.73 92.68
4/30/2013 129.95 88.51 82.30 96.39
5/31/2013 137.47 93.35 82.37 100.98
6/30/2013 132.21 91.65 77.87 98.28
7/31/2013 144.31 101.99 87.24 108.37
8/31/2013 137.62 94.33 83.25 102.34
9/30/2013 141.93 99.20 92.42 108.68
10/31/2013 151.15 107.92 99.95 118.27
11/30/2013 160.28 113.72 103.50 124.93
12/31/2013 164.56 119.14 107.81 130.62
1/31/2014 153.05 111.35 100.11 122.65
2/28/2014 164.89 120.49 110.13 132.83
3/31/2014 169.50 125.76 110.44 134.79
4/30/2014 171.78 127.90 112.59 136.52
5/31/2014 176.68 131.24 116.77 142.08
6/30/2014 185.86 137.28 120.65 147.08
7/31/2014 181.44 133.24 117.13 143.67
8/31/2014 192.82 141.81 121.92 153.42
9/30/2014 181.99 136.82 115.89 149.86
10/31/2014 186.77 142.14 117.29 155.97
11/30/2014 192.58 147.10 121.64 162.85
12/31/2014 191.14 148.62 118.07 162.19
1/31/2015 177.81 138.68 114.12 154.32
2/28/2015 195.76 150.23 126.66 168.93
3/31/2015 194.18 146.82 123.11 164.68
4/30/2015 198.83 149.13 128.35 167.22
5/31/2015 200.28 152.12 129.13 170.66
6/30/2015 190.73 147.09 123.81 165.42
7/31/2015 188.99 148.17 127.82 170.98
8/31/2015 174.79 133.39 112.75 154.63
9/30/2015 159.44 126.35 104.90 148.33
10/31/2015 176.88 143.42 121.14 169.28
11/30/2015 175.68 144.36 120.04 170.08
12/31/2015 162.54 139.10 116.17 165.82
1/31/2016 142.52 126.75 103.24 152.63
2/29/2016 141.92 126.69 101.72 152.29
3/31/2016 160.00 143.02 115.41 169.40
4/30/2016 163.59 148.12 118.82 170.44
5/31/2016 166.18 151.98 120.05 175.30
6/30/2016 162.48 154.16 117.59 176.01
7/31/2016 175.29 161.54 126.78 186.19
8/31/2016 180.50 163.55 126.97 186.59
9/30/2016 179.48 163.00 128.17 186.65
10/31/2016 178.17 158.93 123.76 181.42
11/30/2016 192.48 173.72 126.97 191.84
12/31/2016 201.05 180.56 132.40 197.61
1/31/2017 203.69 182.56 138.01 203.25
2/28/2017 213.64 192.71 144.62 215.29
3/31/2017 209.91 189.73 147.22 215.66
4/30/2017 209.81 189.19 150.88 218.90
5/31/2017 206.95 188.91 156.19 223.39
6/30/2017 213.70 193.63 157.18 225.41
7/31/2017 220.06 197.53 163.33 232.10
8/31/2017 214.21 194.07 163.70 233.12
9/30/2017 223.49 202.77 169.62 239.99
10/31/2017 228.75 204.97 174.72 247.92
11/30/2017 233.80 214.31 180.67 258.59
12/31/2017 238.97 218.90 184.46 262.58
1/31/2018 250.81 231.23 199.48 283.34
2/28/2018 235.51 215.41 187.08 269.21
3/31/2018 228.14 209.86 180.82 259.83
4/30/2018 229.40 210.89 184.05 261.21
5/31/2018 231.82 212.73 185.83 269.91
6/30/2018 230.62 213.51 185.69 272.19
7/31/2018 242.13 225.92 194.61 286.04
8/31/2018 246.04 230.73 198.26 298.61
9/30/2018 247.89 231.39 199.92 300.88
10/31/2018 229.41 214.23 177.90 273.48
11/30/2018 235.68 223.61 181.05 281.09
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 12/18/2018

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

(52.1% of assets as of 11/30/2018)


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 90.0% 99.7% -9.7%
United Kingdom 4.9% - -
Canada 2.9% - -
Switzerland 0.9% - -
Developed Markets Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Americas 92.9% 99.7% -6.8%
Europe 5.8% 0.2% 5.6%
Equity Sector Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Health Care 19.4% 15.6% 3.7%
Financials 18.9% 22.9% -4.1%
Energy 12.9% 9.6% 3.4%
Consumer Staples 9.5% 7.8% 1.7%
Information Technology 8.0% 9.4% -1.4%
Consumer Discretionary 6.6% 5.2% 1.4%
Communication Services 6.4% 7.1% -0.8%
Industrials 6.2% 7.5% -1.3%
Real Estate 4.7% 4.9% -0.1%
Utilities 4.6% 6.0% -1.4%
Materials 1.4% 4.0% -2.5%
Industry Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Oil Gas & Consumable Fuels 12.3% 8.8% 3.6%
Banks 11.3% 11.5% -0.2%
Pharmaceuticals 9.2% 7.2% 2.0%
Health Care Providers & Services 5.4% 2.8% 2.6%
Diversified Telecommunication Services 5.0% 3.7% 1.3%
Equity Real Estate Investment Trusts (REITs) 4.7% 4.7% 0.0%
Electric Utilities 4.6% 3.5% 1.1%
Capital Markets 3.5% 3.2% 0.3%
Health Care Equipment & Supplies 3.5% 3.9% -0.4%
Beverages 3.2% 0.6% 2.6%
Communications Equipment 3.2% 2.0% 1.2%
Automobiles 2.7% 0.7% 2.0%
Software 2.4% 1.7% 0.7%
Electrical Equipment 2.3% 0.6% 1.7%
Tobacco 2.2% 1.0% 1.1%
Insurance 1.9% 4.1% -2.2%
Food Products 1.9% 2.0% -0.1%
Multiline Retail 1.8% 0.6% 1.2%
Food & Staples Retailing 1.5% 1.9% -0.4%
Hotels Restaurants & Leisure 1.4% 1.9% -0.5%
Asset Allocation Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Equity 98.6% 100.0% -1.4%
Market Cap Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Large 89.3% 79.4% 9.9%
Mid 7.3% 19.6% -12.3%
Small 1.8% 1.0% 0.8%
Analytics
(As of 11/30/2018)

Morningstar 11/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1090
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-3.02
-3.40
Beta
1.06
1.07
Information Ratio
-0.84
-0.97
R-Squared
90.25
91.43
Sharpe Ratio
0.61
0.48
Standard Deviation
10.42
10.99
Upside Capture
96.86
95.51
Downside Capture
125.30
122.38
Sortino Ratio
0.91
0.73
Win Ratio
44.00
42.00
Loss Ratio
56.00
58.00
Tracking Error
3.31
3.29
Yields
Dividend Yield (w/o sales charge)
2.50%
Standardized Yield
2.38%
Unsubsidized Yield
2.37%
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$147.78 B
$129.14 B
Median Market Cap (weighted)
$102.98 B
$67.79 B
P/E Ratio (LTM)
14.53
16.47
P/E Ratio (NTM)
12.74
13.83
Price/Book
2.09
2.11
Debt to Capital Ratio
52.51
45.66
Turnover Ratio
46%
-
Active Share
68.39%
-
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
12/10/2018
Per Share ($)
$0.1962
12-Month Distribution ($)
$0.7997
Distribution Sources
  • D
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. 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. 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.
  12. 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.
  13. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  14. E. 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.
  15. F. 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.
  16. G. 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.
     
  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 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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