IOSDX

Small Cap Value Fund
  • A
  • 1

Overview

The Strategy primarily invests in small-capitalization value stocks.

Inception Date
May 28, 2019
Investment Style
Small Cap Value
Fund Index
Russell 2000® Value Index
CUSIP
00143N644
NAV
  • B
(as of 06/14/2019)
$10.44
Total Assets
(as of 05/31/2019)
$31.03 MM
Gross Expense Ratio
(as of 05/25/2019)
1.38%
Net Expense Ratio
(as of 05/25/2019)
0.98%
Performance
Average Annual Total Returns
Capital Gains Distributions
as of 05/31/2019
  • C
as of 03/31/2019
  • C

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • C
Cumulative
Annualized
1 mo 3 mo ytd as of 2019-03-31
  • D
1 yr 3 yr
Small Cap Value Fund (NAV)
-3.99% 11.36% 11.36% -7.16% 5.66%
Russell 2000® Value Index
-2.88% 11.93% 11.93% 0.17% 10.86%
Cumulative
Annualized
1 mo 3 mo ytd as of 2019-03-31
  • D
1 yr 3 yr
Small Cap Value Fund (with sales charge)
-3.99% 11.36% 11.36% -7.16% 5.66%
Russell 2000® Value Index
-2.88% 11.93% 11.93% 0.17% 10.86%
Cumulative
Annualized
1 mo 3 mo ytd as of 2019-05-31
  • D
1 yr since inception 3 yr
Small Cap Value Fund (NAV)
-11.30% -11.72% 2.39% -20.34% -3.92% 1.43%
Russell 2000® Value Index
-8.17% -7.44% 6.67% -11.32% 29.19% 7.68%
Cumulative
Annualized
1 mo 3 mo ytd as of 2019-05-31
  • D
1 yr since inception 3 yr
Small Cap Value Fund (with sales charge)
-11.30% -11.72% 2.39% -20.34% -3.92% 1.43%
Russell 2000® Value Index
-8.17% -7.44% 6.67% -11.32% 29.19% 7.68%
Gross Expense Ratio: 1.38% | Net Expense Ratio: 0.98%

Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12-b1 fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.


Year Small Cap Value Fund

Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12-b1 fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.

$ per share as of 06/17/2019

Date 2014 2015 2016 2017 2018
Short Term
Long Term 0.1401 0.3519
Total Amount of Distribution 0.1401 0.3519
Record Date 12/8/17 12/7/18
Ex Div Date 12/11/17 12/10/18
Pay Date 12/11/17 12/10/18

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

Portfolio

Top Issuers

(37.4% of assets as of 05/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 4
Country Small Cap Value Fund Russell 2000® Value Index Overweight / Underweight
United States 98.1% 99.9% -1.8%
Canada 0.8% 0.1% 0.7%
Israel 0.6% 0.0% 0.5%
Developed Markets Small Cap Value Fund Russell 2000® Value Index Overweight / Underweight
Americas 98.9% 100.0% -1.1%
Middle East 0.6% 0.0% 0.5%
Equity Sector Small Cap Value Fund Russell 2000® Value Index Overweight / Underweight
Financials 26.4% 29.5% -3.1%
Real Estate 15.3% 12.8% 2.5%
Industrials 14.4% 11.3% 3.1%
Information Technology 11.0% 11.5% -0.5%
Consumer Discretionary 10.4% 8.6% 1.7%
Materials 5.2% 3.9% 1.3%
Health Care 5.0% 3.9% 1.0%
Utilities 4.0% 7.8% -3.8%
Energy 3.4% 5.0% -1.6%
Communication Services 3.3% 3.1% 0.2%
Consumer Staples 1.1% 2.5% -1.4%
Industry Small Cap Value Fund Russell 2000® Value Index Overweight / Underweight
Banks 12.7% 16.8% -4.0%
Equity Real Estate Investment Trusts (REITs) 11.7% 12.4% -0.7%
Semiconductors & Semiconductor Equipment 6.3% 2.0% 4.3%
Thrifts & Mortgage Finance 6.1% 4.1% 2.0%
Machinery 5.7% 2.8% 2.9%
Real Estate Management & Development 3.6% 0.4% 3.1%
Capital Markets 3.0% 1.1% 1.9%
Insurance 2.8% 4.0% -1.2%
Oil Gas & Consumable Fuels 2.7% 3.3% -0.6%
Electrical Equipment 2.6% 0.7% 1.9%
Chemicals 2.4% 1.5% 0.9%
Pharmaceuticals 2.3% 0.6% 1.7%
Specialty Retail 2.2% 2.8% -0.6%
Media 2.1% 2.1% 0.0%
Electric Utilities 2.0% 2.7% -0.7%
Multi-Utilities 2.0% 1.2% 0.8%
Building Products 1.8% 0.3% 1.4%
Paper & Forest Products 1.8% 0.6% 1.2%
Diversified Consumer Services 1.7% 0.8% 0.9%
Mortgage Real Estate Investment Trusts (REITs) 1.7% 2.5% -0.8%
Asset Allocation Small Cap Value Fund Russell 2000® Value Index Overweight / Underweight
Equity 99.4% 100.0% -0.6%
Market Cap Small Cap Value Fund Russell 2000® Value Index Overweight / Underweight
Small 70.9% 85.4% -14.4%
Mid 28.5% 14.6% 13.9%
Analytics
(As of 05/31/2019)

Yields
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$2.41 B
$2.07 B
Median Market Cap (weighted)
$1.72 B
$1.84 B
P/E Ratio (LTM)
12.95
17.16
P/E Ratio (NTM)
11.29
14.21
Price/Book
1.49
1.42
Debt to Capital Ratio
39.82
39.85
Turnover Ratio
73%
-
Active Share
93.39%
-
Team
Documents
  1. 1. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Small-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 company, if any gain is realized at all. Diversification does not guarantee profit or protect against loss.
  2. 2. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
  3. 3. 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.
  4. 4. 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.
  5. 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>
  6. 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.
  7. C. Performance shown prior to the inception date of Class R5 shares is that of Class A shares and includes the 12-b1 fees applicable to Class A shares. Class R5 shares have no sales charge; therefore, performance is at NAV.
  8. 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.
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