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OPTIX

Capital Appreciation Fund

Overview

The Strategy typically invests in large-cap U.S. growth stocks.

Inception Date
December 29, 2011
Investment Style
Large Cap Growth
Fund Index
Russell 1000® Growth Index
CUSIP
68379A602
NAV
  • A
(as of 05/18/2018)
$65.53
Total Assets
(as of 04/30/2018)
$4.89 BN
Gross Expense Ratio
(as of 04/30/2018)
0.63%
Net Expense Ratio
(as of 04/30/2018)
0.63%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2018
  • B
as of 03/31/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr since inception
Capital Appreciation Fund (NAV)
-0.65% -0.65% 14.35% 7.40% 12.07% 13.37%
Russell 1000® Growth Index
1.42% 1.42% 21.25% 12.90% 15.53% -
Cumulative
Annualized
3 mo ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr since inception
Capital Appreciation Fund (NAV)
-6.85% -0.35% 11.76% 7.75% 11.99% 13.24%
Russell 1000® Growth Index
-4.96% 1.77% 18.96% 12.84% 15.13% -
Gross Expense Ratio: 0.63% | Net Expense Ratio: 0.63%

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 Capital Appreciation Fund Russell 1000® Growth Index
2012 14.25% 15.26%
2013 29.82% 33.48%
2014 15.55% 13.05%
2015 3.66% 5.67%
2016 -1.93% 7.08%
2017 27.04% 30.21%

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 Capital Appreciation Fund Russell 1000® Growth Index MSCI World S&P 500
4/30/2013 0.00 0.00 0.00 0.00
5/31/2013 1.71 1.86 0.04 2.34
6/30/2013 -0.72 -0.06 -2.43 0.96
7/31/2013 4.39 5.24 2.71 6.10
8/31/2013 2.44 3.44 0.52 3.03
9/30/2013 6.93 8.05 5.55 6.26
10/31/2013 11.30 12.83 9.68 11.15
11/30/2013 14.65 16.01 11.63 14.53
12/31/2013 18.46 19.32 13.99 17.43
1/31/2014 15.06 15.92 9.77 13.37
2/28/2014 22.22 21.89 15.27 18.56
3/31/2014 18.46 20.66 15.43 19.55
4/30/2014 17.35 20.66 16.62 20.44
5/31/2014 22.37 24.42 18.91 23.26
6/30/2014 26.17 26.85 21.04 25.81
7/31/2014 26.38 24.91 19.11 24.08
8/31/2014 31.76 30.63 21.73 29.04
9/30/2014 30.10 28.73 18.43 27.23
10/31/2014 33.31 32.13 19.19 30.34
11/30/2014 37.22 36.31 21.58 33.84
12/31/2014 36.88 34.89 19.62 33.51
1/31/2015 34.79 32.83 17.45 29.50
2/28/2015 43.56 41.68 24.34 36.94
3/31/2015 41.76 40.07 22.39 34.78
4/30/2015 40.80 40.77 25.26 36.07
5/31/2015 42.91 42.75 25.69 37.82
6/30/2015 42.63 40.24 22.77 35.15
7/31/2015 46.79 44.99 24.97 37.98
8/31/2015 36.49 36.19 16.70 29.66
9/30/2015 30.90 32.82 12.40 26.45
10/31/2015 42.72 44.26 21.30 37.11
11/30/2015 44.13 44.66 20.70 37.52
12/31/2015 41.89 42.54 18.58 35.35
1/31/2016 31.94 34.58 11.49 28.64
2/29/2016 26.91 34.52 10.66 28.46
3/31/2016 32.08 43.60 18.16 37.18
4/30/2016 30.69 42.28 20.03 37.71
5/31/2016 35.03 45.05 20.71 40.18
6/30/2016 33.19 44.48 19.36 40.55
7/31/2016 40.52 51.30 24.40 45.73
8/31/2016 39.83 50.55 24.50 45.93
9/30/2016 41.11 51.10 25.16 45.96
10/31/2016 36.91 47.55 22.74 43.30
11/30/2016 37.72 50.76 24.51 48.60
12/31/2016 39.14 52.62 27.49 51.54
1/31/2017 45.03 57.77 30.56 54.42
2/28/2017 50.82 64.32 34.18 60.55
3/31/2017 53.59 66.22 35.61 60.73
4/30/2017 57.61 70.02 37.62 62.39
5/31/2017 60.55 74.44 40.53 64.67
6/30/2017 60.50 73.98 41.07 65.70
7/31/2017 63.24 78.61 44.45 69.11
8/31/2017 65.55 81.88 44.65 69.62
9/30/2017 66.80 84.25 47.90 73.12
10/31/2017 70.90 91.39 50.70 77.16
11/30/2017 74.97 97.20 53.96 82.60
12/31/2017 76.76 98.74 56.04 84.63
1/31/2018 89.10 112.81 64.28 95.20
2/28/2018 82.26 107.23 57.48 88.00
3/31/2018 75.62 0.00 54.04 83.22
4/30/2018 76.15 102.25 55.81 83.93

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 05/20/2018

Date 2013 2014 2015 2016 2017
Short Term 1.6941 0.3461 1.8556
Long Term 2.5532 7.8660 7.0818 2.1269 3.5868
Total Amount of Distribution 2.5532 9.5601 7.4279 2.1269 5.4424
Record Date 12/9/13 12/8/14 12/4/15 12/2/16 12/13/17
Ex Div Date 12/10/13 12/9/14 12/7/15 12/5/16 12/14/17
Pay Date 12/11/13 12/9/14 12/7/15 12/5/16 12/14/17

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

Portfolio

Top Issuers

(59.6% of assets as of 04/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 7
Country Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
United States 97.0% 99.7% -2.7%
Canada 1.5% - -
Belgium 0.5% - -
Developed Markets Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Americas 98.5% 99.7% -1.2%
Europe 0.5% 0.2% 0.3%
Equity Sector Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Information Technology 42.5% 38.6% 3.9%
Consumer Discretionary 19.0% 19.2% -0.2%
Health Care 13.8% 12.6% 1.2%
Industrials 10.2% 12.3% -2.1%
Financials 5.5% 3.5% 2.0%
Energy 2.2% 0.9% 1.3%
Consumer Staples 2.1% 6.1% -4.0%
Utilities 1.9% 0.0% 1.9%
Materials 1.4% 3.5% -2.1%
Real Estate 0.5% 2.3% -1.9%
Industry Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Software 12.6% 10.1% 2.6%
Internet Software & Services 12.4% 8.2% 4.2%
IT Services 7.4% 8.0% -0.5%
Internet & Direct Marketing Retail 7.0% 6.9% 0.2%
Specialty Retail 6.6% 3.5% 3.1%
Technology Hardware Storage & Peripherals 6.5% 6.7% -0.1%
Biotechnology 5.5% 4.1% 1.4%
Health Care Providers & Services 4.7% 2.8% 1.9%
Capital Markets 4.4% 2.0% 2.4%
Semiconductors & Semiconductor Equipment 3.5% 4.8% -1.2%
Hotels Restaurants & Leisure 3.5% 3.4% 0.1%
Machinery 2.6% 2.3% 0.3%
Oil Gas & Consumable Fuels 2.2% 0.7% 1.6%
Road & Rail 1.9% 1.2% 0.7%
Health Care Equipment & Supplies 1.8% 2.7% -0.9%
Media 1.7% 2.7% -1.0%
Commercial Services & Supplies 1.6% 0.5% 1.1%
Gas Utilities 1.6% - -
Airlines 1.5% 0.3% 1.1%
Aerospace & Defense 1.3% 3.2% -1.9%
Asset Allocation Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Equity 99.0% 100.0% -1.0%
Market Cap Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Large 80.0% 86.4% -6.3%
Mid 16.4% 13.4% 3.0%
Small 2.5% 0.3% 2.3%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1246
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-5.01
-3.27
Beta
1.04
1.04
Information Ratio
-1.38
-0.93
R-Squared
90.76
91.32
Sharpe Ratio
0.63
1.02
Standard Deviation
12.03
11.41
Upside Capture
93.99
96.80
Downside Capture
135.74
124.18
Sortino Ratio
0.29
0.52
Win Ratio
36.00
37.00
Loss Ratio
64.00
63.00
Tracking Error
3.68
3.39
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/14/2017
Per Share ($)
$0.2503
12-Month Distribution ($)
$0.2503
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$253.90 B
$239.50 B
Median Market Cap (weighted)
$79.60 B
$97.80 B
P/E Ratio (LTM)
22.85
24.12
P/E Ratio (NTM)
18.34
19.63
Price/Book
4.93
6.53
Return on Equity
23.84%
23.71%
Turnover Ratio
63.00%
-
Active Share
63.41%
-
Distribution Sources
  • D
Net Income
1.10%
Net Profit from Sale
82.90%
Other Capital Sources
16.00%
Documents
  1. 1. Paul Larson was added as portfolio manager of the Fund as of October 5, 2016. Michael Kotlarz will no longer be portfolio manager of the Fund as of October 5, 2016.
  2. 2. Special Risks: Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Investments in securities of growth companies may be volatile. Diversification does not guarantee profit or protect against loss.
  3. 3. 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.
  4. 4. 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.
  5. 5. Access index definitions.
  6. 6. Holdings are subject to change, and are dollar weighted based on total net 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.
  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. 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.
  9. B. 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. 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.
  11. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  12. The funds invest in below-investment-grade debt securities, which may entail greater credit risks, as described in each fund’s prospectus. These securities (sometimes called “junk bonds”) may be subject to greater price fluctuations and risks of loss of income and principal than investment-grade municipal securities. The funds may invest substantially in municipal securities within a single state or related to similar type projects, which can increase volatility and exposure to regional issues. The funds may also invest substantially in Puerto Rico and other U.S. territories, commonwealths and possessions, and could be exposed to their local political and economic conditions. Deterioration of the Puerto Rican economy could have an adverse impact on Puerto Rican bonds and the performance of the Rochester municipal funds that hold them.The views represented herein are the opinions of the Portfolio Managers at Macquarie Capital Investment Management LLC and are not intended as investment advice or to predict or depict the performance of any investment. These views are as of the date indicated, and are subject to change based on subsequent developments.Funds returns may not match the return of its respective index, known as non-correlation risk, due to operating expenses incurred by the Funds. The alternate weighting approach employed by the Funds (i.e., using revenues as a weighting measure), while designed to enhance potential returns, may not produce the desired results. Because the Funds are rebalanced quarterly, portfolio turnover may exceed 100%. The greater the portfolio turnover, the greater the transaction costs, which could have an adverse effect on Fund performanceOn April 28, 2017, OFI Global Institutional, Inc., a registered investment adviser subsidiary within OFI Global Asset Management (“OFI Global”) acquired SNW Asset Management, LLC (“SNW”). SNW provides advisory services for the strategy discussed herein.

    Benchmark: Through 12/31/11: 80% Merrill Lynch 1-5yr Municipal index/ 20% Merrill Lynch 5-7yr index. After 12/31/11: BofA Merrill Lynch 1-10 Year Municipal Securities Index. The BofA Merrill Lynch 1-10 Year Municipal Securities Index is a subset of the BofA Merrill Lynch US Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years.On April 28, 2017, OFI Global Institutional, Inc., a registered investment adviser subsidiary within OFI Global Asset Management (“OFI Global”) acquired SNW Asset Management, LLC (“SNW”). SNW provides advisory services for the strategy discussed herein.

    Benchmark: Through 12/31/11: 80% Merrill Lynch 1-5yr Municipal index/ 20% Merrill Lynch 5-7yr index. After 12/31/11: BofA Merrill Lynch 1-10 Year Municipal Securities Index. The BofA Merrill Lynch 1-10 Year Municipal Securities Index is a subset of the BofA Merrill Lynch US Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years.

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