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OGRIX

Value Fund

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Overview

The Strategy typically invests primarily in large company value stocks.

Inception Date
February 28, 2012
Investment Style
Large Cap Value
Fund Index
Russell 1000® Value Index
CUSIP
68380J774
NAV
  • B
(as of 01/23/2019)
$31.46
Total Assets
(as of 12/31/2018)
$1.50 BN
Gross Expense Ratio
(as of 12/31/2018)
0.52%
Net Expense Ratio
(as of 12/31/2018)
0.52%
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

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr since inception
Value Fund (NAV)
-14.25% -11.00% -11.00% 5.36% 4.66% 8.35%
Russell 1000® Value Index
-11.72% -8.27% -8.27% 6.95% 5.95% -
Cumulative
Annualized
3 mo ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr since inception
Value Fund (NAV)
-14.25% -11.00% -11.00% 5.36% 4.66% 8.35%
Russell 1000® Value Index
-11.72% -8.27% -8.27% 6.95% 5.95% -
Gross Expense Ratio: 0.52% | Net Expense Ratio: 0.52%

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.


Year Value Fund Russell 1000® Value Index
2013 30.80% 32.53%
2014 11.07% 13.45%
2015 -3.34% -3.83%
2016 12.87% 17.34%
2017 16.45% 13.66%
2018 -11.00% -8.27%

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.


Date Value Fund Russell 1000® Value Index MSCI World S&P 500
12/31/2013 0.00 0.00 0.00 0.00
1/31/2014 -3.75 -3.55 -3.70 -3.46
2/28/2014 0.83 0.62 1.12 0.96
3/31/2014 2.23 3.02 1.26 1.81
4/30/2014 2.76 4.00 2.30 2.56
5/31/2014 5.00 5.52 4.31 4.97
6/30/2014 7.66 8.28 6.18 7.14
7/31/2014 5.75 6.43 4.49 5.66
8/31/2014 9.60 10.35 6.79 9.89
9/30/2014 6.79 8.07 3.89 8.34
10/31/2014 7.93 10.50 4.56 10.99
11/30/2014 10.35 12.76 6.66 13.98
12/31/2014 11.07 13.45 4.94 13.69
1/31/2015 5.83 8.92 3.04 10.28
2/28/2015 11.88 14.19 9.07 16.61
3/31/2015 10.99 12.63 7.36 14.77
4/30/2015 12.38 13.69 9.88 15.87
5/31/2015 14.48 15.05 10.26 17.36
6/30/2015 12.12 12.76 7.70 15.09
7/31/2015 13.85 13.25 9.63 17.50
8/31/2015 6.91 6.51 2.38 10.41
9/30/2015 3.02 3.29 -1.40 7.68
10/31/2015 10.12 11.08 6.41 16.76
11/30/2015 10.57 11.51 5.88 17.11
12/31/2015 7.36 9.11 4.02 15.26
1/31/2016 -0.19 3.47 -2.20 9.54
2/29/2016 -0.98 3.45 -2.93 9.39
3/31/2016 6.70 10.90 3.66 16.82
4/30/2016 8.08 13.23 5.30 17.27
5/31/2016 9.73 14.99 5.89 19.37
6/30/2016 8.69 15.98 4.70 19.68
7/31/2016 12.01 19.35 9.13 24.10
8/31/2016 13.32 20.27 9.22 24.27
9/30/2016 14.26 20.02 9.80 24.29
10/31/2016 12.10 18.16 7.67 22.03
11/30/2016 19.26 24.91 9.22 26.55
12/31/2016 21.17 28.03 11.84 29.05
1/31/2017 23.59 28.94 14.53 31.49
2/28/2017 27.68 33.58 17.71 36.72
3/31/2017 26.30 32.22 18.97 36.88
4/30/2017 26.79 31.97 20.73 38.28
5/31/2017 27.35 31.84 23.28 40.23
6/30/2017 29.40 33.99 23.76 41.10
7/31/2017 31.58 35.77 26.72 44.00
8/31/2017 30.56 34.19 26.90 44.44
9/30/2017 34.18 38.17 29.74 47.42
10/31/2017 35.56 39.17 32.20 50.86
11/30/2017 39.23 43.43 35.06 55.49
12/31/2017 41.10 45.53 36.89 57.22
1/31/2018 47.62 51.15 44.11 66.22
2/28/2018 41.66 43.93 38.14 60.10
3/31/2018 39.28 41.40 35.13 56.03
4/30/2018 40.14 41.87 36.69 56.63
5/31/2018 40.58 42.71 37.54 60.40
6/30/2018 39.50 43.06 37.48 61.38
7/31/2018 45.18 48.73 41.77 67.39
8/31/2018 45.93 50.92 43.52 72.84
9/30/2018 46.44 51.22 44.32 73.83
10/31/2018 36.57 43.39 33.73 61.95
11/30/2018 39.05 47.67 35.25 65.25
12/31/2018 25.58 33.49 24.96 50.33

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.

$ per share as of 01/23/2019

Date 2014 2015 2016 2017 2018
Short Term 0.2417
Long Term 1.6597 3.5983
Total Amount of Distribution 1.6597 3.8400
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

(48.5% of assets as of 12/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Value Fund Russell 1000® Value Index Overweight / Underweight
United States 92.7% 99.7% -7.0%
Canada 3.9% - -
Netherlands 1.5% 0.2% 1.3%
Developed Markets Value Fund Russell 1000® Value Index Overweight / Underweight
Americas 96.7% 99.7% -3.0%
Europe 1.5% 0.2% 1.3%
Equity Sector Value Fund Russell 1000® Value Index Overweight / Underweight
Health Care 20.4% 15.7% 4.6%
Financials 18.1% 22.5% -4.4%
Energy 11.6% 9.3% 2.3%
Information Technology 9.1% 9.3% -0.2%
Consumer Staples 8.2% 7.8% 0.4%
Industrials 7.6% 7.4% 0.3%
Consumer Discretionary 6.5% 5.2% 1.3%
Real Estate 5.4% 4.9% 0.4%
Communication Services 4.7% 7.3% -2.6%
Utilities 3.6% 6.5% -2.9%
Materials 3.0% 4.1% -1.1%
Industry Value Fund Russell 1000® Value Index Overweight / Underweight
Banks 12.1% 10.8% 1.4%
Oil Gas & Consumable Fuels 11.2% 8.6% 2.6%
Pharmaceuticals 7.6% 7.4% 0.2%
Health Care Equipment & Supplies 5.7% 4.1% 1.6%
Equity Real Estate Investment Trusts (REITs) 5.4% 4.8% 0.6%
Health Care Providers & Services 5.1% 2.5% 2.6%
Beverages 3.7% 0.6% 3.1%
Electric Utilities 3.6% 3.8% -0.2%
Capital Markets 3.5% 3.2% 0.3%
Machinery 3.1% 1.3% 1.8%
Communications Equipment 2.9% 2.0% 0.9%
Software 2.7% 1.5% 1.2%
Insurance 2.5% 4.3% -1.8%
Diversified Telecommunication Services 2.5% 3.9% -1.3%
Food & Staples Retailing 2.0% 1.9% 0.1%
Multiline Retail 1.8% 0.6% 1.2%
Automobiles 1.7% 0.7% 1.1%
Road & Rail 1.5% 0.8% 0.7%
Entertainment 1.5% 1.3% 0.2%
Tobacco 1.4% 0.9% 0.5%
Asset Allocation Value Fund Russell 1000® Value Index Overweight / Underweight
Equity 98.1% 100.0% -1.9%
Market Cap Value Fund Russell 1000® Value Index Overweight / Underweight
Large 81.4% 77.1% 4.3%
Mid 16.4% 21.1% -4.7%
Small 0.3% 1.7% -1.5%
Analytics
(As of 12/31/2018)

Morningstar 12/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1100
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-1.72
-1.39
Beta
1.05
1.04
Information Ratio
-0.60
-0.53
R-Squared
95.23
95.81
Sharpe Ratio
0.41
0.39
Standard Deviation
11.80
11.56
Upside Capture
94.22
97.69
Downside Capture
104.74
107.01
Sortino Ratio
0.56
0.56
Win Ratio
47.00
45.00
Loss Ratio
53.00
55.00
Tracking Error
2.65
2.42
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$120.79 B
$118.00 B
Median Market Cap (weighted)
$72.27 B
$63.96 B
P/E Ratio (LTM)
14.48
14.88
P/E Ratio (NTM)
12.46
12.59
Price/Book
2.08
1.90
Return on Equity
12.80%
11.34%
EPS Growth Rate 3Y
2.85%
3.08%
EPS Growth Rate 5Y
1.97%
3.91%
Sales Growth Rate 3Y
1.69%
-
Sales Growth Rate 5Y
0.96%
-
Turnover Ratio
45%
-
Active Share
69.67%
-
Dividends
  • E
Est. Frequency
Quarterly
Last Pay Date
12/10/2018
Per Share ($)
$0.1760
12-Month Distribution ($)
$0.6781
Distribution Sources
  • E
Net Income
3.50%
Net Profit from Sale
96.10%
Other Capital Sources
0.40%
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. 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. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Diversification does not guarantee profit or protect against loss.
  2. 2. 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.
  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. 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 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.
  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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