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OPGIX

Global Opportunities Fund

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Overview

The Strategy typically invests opportunistically in both U.S. and foreign stocks.

Inception Date
October 22, 1990
Investment Style
Global Opportunity
Fund Index
MSCI ACWI
CUSIP
683943104
NAV
  • A
(as of 09/21/2018)
$75.27
Total Assets
(as of 08/31/2018)
$9.81 BN
Gross Expense Ratio
(as of 08/31/2018)
1.17%
Net Expense Ratio
(as of 08/31/2018)
1.17%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 08/31/2018
  • 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
Global Opportunities Fund (NAV)
2.17% 24.92% 22.55% 18.74% 13.61% 12.50%
MSCI ACWI
-0.43% 10.73% 8.19% 9.41% 5.80% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (with sales charge)
-3.70% 17.73% 20.15% 17.34% 12.94% 12.26%
MSCI ACWI
-0.43% 10.73% 8.19% 9.41% 5.80% -
Cumulative
Annualized
ytd as of 2018-08-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
11.00% 32.00% 28.24% 19.19% 14.27% 12.75%
MSCI ACWI
3.38% 11.41% 11.85% 9.67% 6.71% -
Cumulative
Annualized
ytd as of 2018-08-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (with sales charge)
4.62% 24.41% 25.74% 17.78% 13.59% 12.51%
MSCI ACWI
3.38% 11.41% 11.85% 9.67% 6.71% -
Gross Expense Ratio: 1.17% | Net Expense Ratio: 1.17%

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 Global Opportunities Fund MSCI ACWI
1991 15.00% -
1992 -6.18% -
1993 39.49% -
1994 -4.70% -
1995 17.37% -
1996 15.31% -
1997 28.25% -
1998 12.83% -
1999 86.57% -
2000 -4.22% -
2001 -16.32% -16.21%
2002 -26.99% -19.32%
2003 57.25% 33.99%
2004 29.88% 15.23%
2005 17.43% 10.84%
2006 11.00% 20.95%
2007 3.58% 11.66%
2008 -41.92% -42.19%
2009 75.79% 34.63%
2010 12.63% 12.67%
2011 -9.24% -7.35%
2012 10.28% 16.13%
2013 40.68% 22.80%
2014 -3.46% 4.16%
2015 13.93% -2.36%
2016 10.70% 7.86%
2017 52.52% 23.97%

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 Global Opportunities Fund MSCI ACWI S&P 500
8/31/2008 0.00 0.00 0.00
9/30/2008 -13.85 -12.50 -8.91
10/31/2008 -30.12 -29.84 -24.21
11/30/2008 -37.79 -34.45 -29.65
12/31/2008 -33.95 -32.07 -28.90
1/31/2009 -38.58 -37.87 -34.89
2/28/2009 -42.11 -43.96 -41.82
3/31/2009 -34.72 -39.34 -36.73
4/30/2009 -24.17 -32.18 -30.67
5/31/2009 -11.13 -25.42 -26.79
6/30/2009 -12.57 -25.84 -26.65
7/31/2009 -8.24 -19.31 -21.10
8/31/2009 -1.90 -16.43 -18.25
9/30/2009 6.30 -12.59 -15.20
10/31/2009 -1.14 -13.94 -16.78
11/30/2009 7.91 -10.40 -11.79
12/31/2009 16.11 -8.55 -10.08
1/31/2010 12.97 -12.50 -13.32
2/28/2010 13.67 -11.39 -10.63
3/31/2010 22.34 -5.69 -5.24
4/30/2010 23.08 -5.53 -3.74
5/31/2010 14.49 -14.48 -11.43
6/30/2010 9.48 -17.12 -16.07
7/31/2010 18.28 -10.37 -10.18
8/31/2010 9.09 -13.51 -14.24
9/30/2010 21.81 -5.23 -6.59
10/31/2010 25.82 -1.81 -3.03
11/30/2010 22.60 -3.99 -3.02
12/31/2010 30.77 3.04 3.46
1/31/2011 29.18 4.65 5.91
2/28/2011 34.81 7.70 9.54
3/31/2011 33.27 7.59 9.59
4/30/2011 43.26 12.00 12.83
5/31/2011 41.28 9.59 11.56
6/30/2011 35.87 7.86 9.70
7/31/2011 32.57 6.11 7.46
8/31/2011 29.14 -1.64 1.63
9/30/2011 15.28 -10.93 -5.52
10/31/2011 25.80 -1.39 4.81
11/30/2011 20.39 -4.34 4.58
12/31/2011 18.69 -4.53 5.65
1/31/2012 29.30 1.02 10.38
2/29/2012 36.20 6.10 15.16
3/31/2012 40.36 6.81 18.94
4/30/2012 34.48 5.58 18.20
5/31/2012 21.25 -3.88 11.09
6/30/2012 27.00 0.87 15.67
7/31/2012 24.79 2.25 17.28
8/31/2012 27.89 4.47 19.92
9/30/2012 31.82 7.76 23.02
10/31/2012 26.91 7.04 20.75
11/30/2012 26.78 8.41 21.45
12/31/2012 30.89 10.87 22.55
1/31/2013 36.57 15.97 28.90
2/28/2013 33.97 15.95 30.65
3/31/2013 40.42 18.07 35.55
4/30/2013 42.34 21.45 38.16
5/31/2013 47.49 21.12 41.40
6/30/2013 48.02 17.57 39.50
7/31/2013 56.21 23.20 46.60
8/31/2013 57.82 20.64 42.35
9/30/2013 70.53 26.87 46.81
10/31/2013 69.68 31.97 53.56
11/30/2013 80.02 33.84 58.24
12/31/2013 84.13 36.14 62.25
1/31/2014 84.76 30.70 56.64
2/28/2014 94.69 37.01 63.80
3/31/2014 86.77 37.62 65.18
4/30/2014 77.56 38.93 66.40
5/31/2014 80.20 41.89 70.31
6/30/2014 86.55 44.56 73.83
7/31/2014 72.68 42.80 71.43
8/31/2014 82.70 45.96 78.29
9/30/2014 73.04 41.23 75.79
10/31/2014 75.45 42.22 80.08
11/30/2014 81.58 44.60 84.92
12/31/2014 77.77 41.81 84.46
1/31/2015 77.32 39.59 78.92
2/28/2015 85.66 47.36 89.20
3/31/2015 80.77 45.08 86.21
4/30/2015 77.54 49.29 88.00
5/31/2015 86.65 49.09 90.41
6/30/2015 89.84 45.58 86.73
7/31/2015 93.56 46.85 90.64
8/31/2015 79.96 36.78 79.14
9/30/2015 76.87 31.83 74.71
10/31/2015 85.03 42.17 89.44
11/30/2015 101.77 41.00 90.01
12/31/2015 102.53 38.46 87.01
1/31/2016 79.85 30.11 77.73
2/29/2016 76.06 29.21 77.49
3/31/2016 93.59 38.79 89.53
4/30/2016 101.54 40.84 90.27
5/31/2016 110.17 41.01 93.68
6/30/2016 101.13 40.16 94.18
7/31/2016 119.11 46.20 101.34
8/31/2016 122.68 46.69 101.63
9/30/2016 129.32 47.59 101.66
10/31/2016 113.15 45.08 97.99
11/30/2016 118.30 46.19 105.32
12/31/2016 124.20 49.35 109.38
1/31/2017 132.73 53.43 113.35
2/28/2017 142.72 57.73 121.82
3/31/2017 165.57 59.66 122.08
4/30/2017 169.62 62.15 124.36
5/31/2017 182.04 65.73 127.51
6/30/2017 179.70 66.49 128.94
7/31/2017 192.18 71.14 133.64
8/31/2017 187.55 71.79 134.36
9/30/2017 199.20 75.11 139.19
10/31/2017 203.78 78.75 144.77
11/30/2017 239.54 82.21 152.28
12/31/2017 241.96 85.15 155.09
1/31/2018 278.63 95.59 169.69
2/28/2018 267.30 87.38 159.75
3/31/2018 274.04 83.37 153.15
4/30/2018 257.07 85.12 154.12
5/31/2018 266.60 85.35 160.24
6/30/2018 249.39 84.34 161.84
7/31/2018 257.42 89.90 171.59
8/31/2018 279.57 91.40 180.44

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 09/22/2018

Date 2013 2014 2015 2016 2017
Short Term 0.3151 0.1334
Long Term 0.2496 3.1737 1.4556
Total Amount of Distribution 0.2496 3.4888 1.5891
Record Date 12/10/15 12/8/16 12/6/17
Ex Div Date 12/11/15 12/9/16 12/7/17
Pay Date 12/11/15 12/9/16 12/7/17

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

Portfolio

Top Issuers

(37.9% of assets as of 08/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Global Opportunities Fund MSCI ACWI Overweight / Underweight
United States 44.2% 55.2% -11.0%
Japan 10.6% 7.4% 3.2%
United Kingdom 9.4% 5.3% 4.1%
Germany 7.0% 2.9% 4.1%
France 5.1% 3.4% 1.7%
Denmark 4.2% 0.5% 3.6%
Sweden 3.1% 0.8% 2.2%
Italy 2.7% 0.7% 2.0%
Spain 2.0% 0.9% 1.1%
Norway 1.6% 0.2% 1.4%
Belgium 1.4% 0.3% 1.1%
Finland 1.3% 0.3% 0.9%
China 0.5% 3.4% -2.9%
Canada 0.4% 3.0% -2.6%
Portugal 0.3% 0.1% 0.2%
New Zealand 0.3% 0.1% 0.3%
Argentina 0.2% - -
Netherlands 0.1% 1.1% -1.0%
Developed Markets Global Opportunities Fund MSCI ACWI Overweight / Underweight
Americas 44.7% 58.3% -13.6%
Europe 38.2% 19.5% 18.8%
Asia Pacific 10.9% 11.0% -0.1%
Emerging Markets Global Opportunities Fund MSCI ACWI Overweight / Underweight
Asia Pacific 0.5% 8.3% -7.8%
Americas 0.2% 1.2% -1.0%
Equity Sector Global Opportunities Fund MSCI ACWI Overweight / Underweight
Information Technology 36.3% 20.2% 16.1%
Health Care 26.9% 11.7% 15.2%
Industrials 12.3% 10.5% 1.7%
Consumer Discretionary 12.2% 12.3% -0.1%
Consumer Staples 3.6% 7.9% -4.3%
Materials 3.1% 5.0% -1.9%
Financials 1.7% 17.3% -15.6%
Real Estate 0.7% 2.9% -2.2%
Telecommunication Services 0.5% 2.8% -2.3%
Broad Market -2.7% - -
Industry Global Opportunities Fund MSCI ACWI Overweight / Underweight
Semiconductors & Semiconductor Equipment 13.6% 3.3% 10.3%
Pharmaceuticals 10.1% 5.0% 5.1%
Software 9.3% 4.2% 5.1%
Biotechnology 7.1% 1.9% 5.2%
Electronic Equipment Instruments & Components 6.5% 1.1% 5.3%
Health Care Equipment & Supplies 5.1% 2.2% 2.9%
Machinery 3.3% 1.8% 1.5%
Life Sciences Tools & Services 3.3% 0.6% 2.7%
Internet Software & Services 3.2% 4.1% -0.9%
Internet & Direct Marketing Retail 3.1% 2.5% 0.5%
Aerospace & Defense 2.6% 1.9% 0.7%
Electrical Equipment 2.4% 0.8% 1.6%
Chemicals 2.2% 2.6% -0.4%
Household Durables 2.2% 0.6% 1.6%
Technology Hardware Storage & Peripherals 1.9% 3.5% -1.6%
Media 1.6% 1.9% -0.3%
Textiles Apparel & Luxury Goods 1.6% 1.2% 0.4%
Hotels Restaurants & Leisure 1.6% 1.6% 0.0%
Personal Products 1.5% 0.8% 0.6%
Food Products 1.5% 1.7% -0.3%
Asset Allocation Global Opportunities Fund MSCI ACWI Overweight / Underweight
Equity 94.6% 100.0% -5.4%
Net Cash and Equivalents 5.4% - -
Market Cap Global Opportunities Fund MSCI ACWI Overweight / Underweight
Mid 44.8% 12.5% 32.3%
Small 27.3% 0.1% 27.2%
Large 25.2% 87.4% -62.2%
Analytics
(As of 08/31/2018)

Morningstar 08/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
111
Category
World Small/Mid Stock
Performance Statistics
3Y
5Y
Alpha
12.44
8.33
Beta
1.23
1.10
Information Ratio
1.24
0.75
R-Squared
45.98
43.34
Sharpe Ratio
1.46
1.11
Standard Deviation
17.69
16.76
Upside Capture
177.88
142.66
Downside Capture
108.22
93.61
Sortino Ratio
2.77
1.96
Tracking Error
13.19
12.65
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$14.10 B
$159.60 B
Median Market Cap (weighted)
$7.28 B
$56.88 B
P/E Ratio (NTM)
32.50
15.29
P/E Ratio (LTM)
24.01
18.52
Price/Book
4.39
2.51
Return on Equity
10.96%
16.48%
EPS Growth Rate 3Y
13.36%
9.81%
EPS Growth Rate 5Y
14.81%
8.31%
Sales Growth Rate 3Y
7.96%
-
Sales Growth Rate 5Y
9.21%
-
Turnover Ratio
18%
-
Active Share
97.35%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/7/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Distribution Sources
  • D
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Documents
  1. 1. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. Eurozone investments may be subject to volatility and liquidity issues. Investments in securities of growth companies may be volatile. 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. 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. Below-investment-grade (“high yield” or “junk”) bonds are more at risk of default and are subject to liquidity risk. Diversification does not guarantee profit or protect against loss.
  2. 2. 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.
  3. 3. The MSCI® ACWI is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. 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.
  4. 4. 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.
  5. 5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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