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OSMAX

International Small-Mid Company Fund

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Special Notice

Effective as of the close of the New York Stock Exchange on April 1, 2016, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.

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Overview

This Strategy typically invests in international small- and mid-company stocks.

Inception Date
November 17, 1997
Investment Style
International Small-Mid Company
Fund Index
MSCI ACWI ex US SMID Cap
CUSIP
68380U100
NAV
  • B
(as of 01/18/2019)
$43.21
Total Assets
(as of 12/31/2018)
$8.14 BN
Gross Expense Ratio
(as of 12/31/2018)
1.39%
Net Expense Ratio
(as of 12/31/2018)
1.38%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 12/31/2018
  • C
as of 12/31/2018
  • C

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • C
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (NAV)
-9.46% -9.46% 7.51% 7.41% 19.91% 12.17%
MSCI ACWI ex US SMID Cap
-17.06% -17.06% 3.84% 1.85% 9.97% -
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (with sales charge)
-14.67% -14.67% 5.41% 6.14% 19.20% 11.85%
MSCI ACWI ex US SMID Cap
-17.06% -17.06% 3.84% 1.85% 9.97% -
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (NAV)
-9.46% -9.46% 7.51% 7.41% 19.91% 12.17%
MSCI ACWI ex US SMID Cap
-17.06% -17.06% 3.84% 1.85% 9.97% -
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
International Small-Mid Company Fund (with sales charge)
-14.67% -14.67% 5.41% 6.14% 19.20% 11.85%
MSCI ACWI ex US SMID Cap
-17.06% -17.06% 3.84% 1.85% 9.97% -
Gross Expense Ratio: 1.39% | Net Expense Ratio: 1.38%

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 International Small-Mid Company Fund MSCI ACWI ex US SMID Cap
1998 21.87% 5.04%
1999 66.22% 32.65%
2000 -34.55% -18.06%
2001 -18.60% -14.62%
2002 -8.17% -5.70%
2003 85.05% 57.57%
2004 29.88% 29.30%
2005 33.67% 22.64%
2006 36.53% 26.86%
2007 21.42% 10.76%
2008 -65.97% -50.23%
2009 121.67% 62.91%
2010 37.19% 25.21%
2011 -20.44% -18.50%
2012 22.65% 18.52%
2013 44.87% 19.73%
2014 0.11% -4.03%
2015 14.91% 2.01%
2016 -0.49% 3.57%
2017 37.93% 30.35%
2018 -9.46% -17.06%

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 International Small-Mid Company Fund MSCI ACWI ex US SMID Cap (Linked Index) MSCI EAFE S&P 500
12/31/2008 0.00 0.00 0.00 0.00
1/31/2009 -5.23 -5.89 -9.81 -8.43
2/28/2009 -2.62 -13.50 -19.07 -18.18
3/31/2009 6.65 -6.57 -13.94 -11.01
4/30/2009 29.66 9.24 -2.92 -2.49
5/31/2009 65.65 27.45 8.57 2.96
6/30/2009 73.17 28.55 7.95 3.16
7/31/2009 96.62 40.22 17.81 10.97
8/31/2009 91.60 48.84 24.21 14.97
9/30/2009 105.13 58.02 28.97 19.26
10/31/2009 103.05 56.35 27.36 17.05
11/30/2009 113.74 58.97 29.91 24.07
12/31/2009 121.67 62.91 31.78 26.46
1/31/2010 105.84 59.84 25.97 21.92
2/28/2010 112.96 59.22 25.11 25.69
3/31/2010 131.40 71.59 32.92 33.28
4/30/2010 136.83 75.18 30.51 35.38
5/31/2010 106.06 54.80 15.49 24.57
6/30/2010 102.78 54.24 14.34 18.05
7/31/2010 125.06 66.94 25.19 26.32
8/31/2010 122.80 63.77 21.30 20.62
9/30/2010 150.62 82.66 33.18 31.38
10/31/2010 175.17 90.24 38.00 36.38
11/30/2010 174.83 85.46 31.35 36.40
12/31/2010 204.11 103.97 41.99 45.51
1/31/2011 190.42 103.25 45.34 48.96
2/28/2011 197.45 105.91 50.13 54.07
3/31/2011 185.48 107.77 46.77 54.13
4/30/2011 197.69 117.86 55.54 58.69
5/31/2011 194.98 111.64 50.94 56.90
6/30/2011 187.09 107.06 49.05 54.28
7/31/2011 185.23 107.08 46.68 51.14
8/31/2011 170.18 89.17 33.44 42.93
9/30/2011 141.44 65.57 20.72 32.89
10/31/2011 156.49 79.59 32.37 47.41
11/30/2011 151.55 69.30 25.94 47.08
12/31/2011 141.94 66.24 24.75 48.59
1/31/2012 155.29 80.88 31.40 55.25
2/29/2012 168.89 92.41 38.94 61.96
3/31/2012 174.59 90.00 38.30 67.29
4/30/2012 175.37 88.42 35.59 66.24
5/31/2012 145.96 67.45 20.02 56.25
6/30/2012 155.03 73.04 28.44 62.69
7/31/2012 156.97 74.00 29.90 64.95
8/31/2012 165.26 78.76 33.38 68.66
9/30/2012 179.91 87.82 37.33 73.02
10/31/2012 183.28 87.90 38.47 69.82
11/30/2012 186.39 89.39 41.82 70.81
12/31/2012 196.74 97.03 46.35 72.37
1/31/2013 213.65 105.56 54.07 81.29
2/28/2013 218.63 106.65 52.61 83.76
3/31/2013 224.40 109.91 53.86 90.65
4/30/2013 236.06 115.58 61.88 94.32
5/31/2013 240.52 111.37 57.97 98.87
6/30/2013 237.37 100.63 52.36 96.19
7/31/2013 258.87 110.59 60.40 106.18
8/31/2013 258.08 108.78 58.28 100.21
9/30/2013 289.01 125.46 69.98 106.49
10/31/2013 304.09 132.44 75.69 115.98
11/30/2013 318.76 131.84 77.04 122.56
12/31/2013 329.87 135.90 79.69 128.19
1/31/2014 325.38 131.35 72.45 120.30
2/28/2014 351.26 143.77 82.04 130.38
3/31/2014 343.87 144.08 80.88 132.32
4/30/2014 336.08 143.67 83.50 134.03
5/31/2014 346.90 147.59 86.48 139.53
6/30/2014 355.48 152.97 88.27 144.48
7/31/2014 342.55 148.19 84.58 141.10
8/31/2014 347.83 149.95 84.30 150.75
9/30/2014 327.63 135.76 77.21 147.23
10/31/2014 329.34 130.20 74.64 153.27
11/30/2014 334.10 129.23 77.01 160.08
12/31/2014 330.34 126.38 70.88 159.43
1/31/2015 335.12 125.55 71.72 151.64
2/28/2015 358.20 137.86 81.98 166.10
3/31/2015 358.20 135.28 79.22 161.89
4/30/2015 373.46 149.34 86.53 164.41
5/31/2015 381.68 150.73 85.58 167.81
6/30/2015 382.34 145.21 80.32 162.62
7/31/2015 395.74 140.53 84.07 168.13
8/31/2015 382.61 127.12 70.53 151.95
9/30/2015 370.14 120.63 61.87 145.71
10/31/2015 386.99 135.18 74.52 166.44
11/30/2015 390.97 132.64 71.80 167.23
12/31/2015 394.48 130.93 69.49 163.02
1/31/2016 364.61 114.44 57.23 149.97
2/29/2016 354.53 114.65 54.35 149.63
3/31/2016 382.40 133.30 64.40 166.56
4/30/2016 389.31 139.73 69.16 167.60
5/31/2016 404.04 136.63 67.62 172.40
6/30/2016 384.39 130.22 61.99 173.11
7/31/2016 408.69 143.61 70.20 183.18
8/31/2016 408.16 142.94 70.32 183.58
9/30/2016 419.84 147.63 72.42 183.63
10/31/2016 402.71 141.28 68.89 178.46
11/30/2016 388.77 134.56 65.53 188.77
12/31/2016 392.04 139.18 71.19 194.48
1/31/2017 412.39 148.84 76.15 200.06
2/28/2017 423.15 153.99 78.67 211.98
3/31/2017 437.91 159.56 83.59 212.34
4/30/2017 466.10 167.16 88.26 215.55
5/31/2017 500.80 175.31 95.17 219.99
6/30/2017 500.93 175.98 94.82 221.98
7/31/2017 518.35 185.76 100.44 228.61
8/31/2017 526.32 188.45 100.37 229.61
9/30/2017 539.22 193.93 105.35 236.41
10/31/2017 546.66 199.23 108.47 244.26
11/30/2017 563.68 202.67 110.66 254.82
12/31/2017 578.67 211.77 114.04 258.76
1/31/2018 623.60 227.13 124.78 279.31
2/28/2018 596.75 213.45 114.63 265.33
3/31/2018 595.66 209.47 110.76 256.04
4/30/2018 601.68 213.78 115.57 257.41
5/31/2018 627.57 210.62 110.73 266.01
6/30/2018 620.17 202.71 108.15 268.27
7/31/2018 642.64 206.19 113.28 281.97
8/31/2018 647.02 202.86 109.16 294.42
9/30/2018 639.90 200.58 110.97 296.66
10/31/2018 574.15 171.86 94.18 269.55
11/30/2018 566.62 172.08 93.94 277.08
12/31/2018 514.46 158.58 84.52 243.03

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 01/22/2019

Date 2014 2015 2016 2017 2018
Short Term 0.4117 0.8543
Long Term 0.6762 3.3733
Total Amount of Distribution 1.0879 4.2276
Record Date 12/11/17 12/10/18
Ex Div Date 12/12/17 12/11/18
Pay Date 12/12/17 12/11/18

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

Portfolio

Top Issuers

(28.8% of assets as of 12/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Overweight / Underweight
Japan 19.8% 20.8% -1.0%
United Kingdom 19.8% 12.3% 7.6%
Germany 9.5% 4.5% 5.0%
Switzerland 7.7% 4.5% 3.3%
United States 6.0% 0.1% 5.9%
Netherlands 4.2% 1.7% 2.5%
Israel 3.9% 0.9% 2.9%
Denmark 3.8% 1.7% 2.1%
France 2.5% 5.0% -2.5%
Sweden 2.4% 3.3% -0.9%
Canada 2.4% 6.4% -4.0%
Belgium 2.3% 1.2% 1.2%
Ireland 2.0% 0.9% 1.1%
Australia 1.8% 5.1% -3.3%
Spain 1.6% 1.7% -0.1%
Italy 1.2% 2.2% -1.1%
Norway 0.7% 1.3% -0.6%
Finland 0.6% 1.3% -0.7%
China 0.4% 2.6% -2.2%
Developed Markets International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Overweight / Underweight
Europe 58.3% 42.3% 16.0%
Asia Pacific 21.6% 30.4% -8.8%
Americas 8.4% 6.5% 1.9%
Middle East 3.9% 0.9% 2.9%
Emerging Markets International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Overweight / Underweight
Asia Pacific 0.4% 13.8% -13.5%
Equity Sector International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Overweight / Underweight
Health Care 22.8% 7.3% 15.5%
Information Technology 22.0% 8.7% 13.3%
Industrials 14.5% 19.7% -5.2%
Consumer Discretionary 10.7% 13.0% -2.3%
Financials 7.7% 11.7% -4.0%
Materials 5.6% 11.2% -5.6%
Consumer Staples 5.6% 7.1% -1.5%
Communication Services 2.9% 4.8% -1.9%
Real Estate 0.7% 9.3% -8.6%
Industry International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Overweight / Underweight
Software 8.4% 1.8% 6.6%
Health Care Equipment & Supplies 6.5% 1.7% 4.9%
Electronic Equipment Instruments & Components 5.7% 2.6% 3.2%
Semiconductors & Semiconductor Equipment 5.7% 1.5% 4.2%
Biotechnology 5.6% 1.2% 4.4%
Life Sciences Tools & Services 5.4% 0.8% 4.6%
Insurance 4.9% 2.7% 2.2%
Internet & Direct Marketing Retail 4.9% 0.7% 4.3%
Pharmaceuticals 4.8% 2.2% 2.6%
Machinery 3.9% 4.3% -0.3%
Food Products 3.6% 3.4% 0.2%
Chemicals 3.5% 4.8% -1.3%
Trading Companies & Distributors 2.8% 1.7% 1.1%
Automobiles 2.3% 0.6% 1.7%
Air Freight & Logistics 2.2% 0.3% 1.9%
Beverages 2.1% 0.9% 1.2%
IT Services 2.1% 1.6% 0.6%
Capital Markets 1.9% 3.3% -1.4%
Interactive Media & Services 1.9% 0.6% 1.3%
Commercial Services & Supplies 1.7% 1.7% 0.1%
Asset Allocation International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Overweight / Underweight
Equity 92.5% 100.0% -7.5%
Market Cap International Small-Mid Company Fund MSCI ACWI ex US SMID Cap Overweight / Underweight
Mid 53.1% 57.1% -4.0%
Small 26.4% 21.2% 5.3%
Large 13.0% 21.8% -8.8%
Analytics
(As of 12/31/2018)

Morningstar 12/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
109
Category
Foreign Small/Mid Growth
Performance Statistics
3Y
5Y
Alpha
3.78
5.58
Beta
0.94
0.84
Information Ratio
0.63
0.93
R-Squared
80.07
75.75
Sharpe Ratio
0.54
0.62
Standard Deviation
12.91
11.42
Upside Capture
99.64
94.37
Downside Capture
75.77
57.82
Sortino Ratio
0.78
0.94
Win Ratio
58.00
63.00
Loss Ratio
42.00
37.00
Margin of Outperformance
1.33
1.42
Margin of Underperformance
-1.15
-1.25
Tracking Error
5.83
5.95
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$4.60 B
$5.03 B
Median Market Cap (weighted)
$3.78 B
$3.84 B
P/E Ratio (LTM)
24.72
15.34
P/E Ratio (NTM)
20.30
13.08
Price/Book
2.85
1.58
Debt to Capital Ratio
23.35
34.78
Turnover Ratio
27%
-
Active Share
94.71%
-
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
12/11/2018
Per Share ($)
$0.2153
12-Month Distribution ($)
$0.2153
Distribution Sources
  • E
Net Income
1.80%
Net Profit from Sale
91.80%
Other Capital Sources
6.40%
Documents
  1. 1. As of the close of the New York Stock Exchange on April 1, 2016, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.
  2. 2. 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. Small and 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 small-sized or mid-sized company, if any gain is realized at all. Investing significantly in a particular region, industry, sector or issuer may increase volatility and risk.
  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 index returns are made up of the returns of (i) the MSCI® ACWI ex US Small Cap Index from November 17, 1997 through September 30, 2015, and (ii) the MSCI® ACWI ex-US SMID Cap Index from October 1, 2015 to present.  Index performance includes total returns from when first available.  The MSCI® ACWI ex-US SMID Cap Index is designed to measure the equity market performance of small- and mid-cap developed and emerging markets, excluding the United States. The MSCI® ACWI ex US Small Cap Index is designed to measure the equity market performance of small capitalization developed and emerging markets, excluding the United States. The indices are unmanaged, are shown for illustrative purposes only, and cannot be purchased directly by investors.  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. 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.
  7. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  8. B. 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.
  9. C. 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.
  10. D. "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.
  11. E. There is no guarantee of the payment of any dividend or other distributions at any level.
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