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ODIYX

Discovery Fund
  • A
  • 1

Special Notice

As of 6/28/13, 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

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

Inception Date
June 1, 1994
Investment Style
Small Cap Growth
Fund Index
Russell 2000® Growth Index
CUSIP
683921308
NAV
  • B
(as of 10/15/2018)
$95.56
Total Assets
(as of 09/30/2018)
$2.70 BN
Gross Expense Ratio
(as of 09/30/2018)
0.87%
Net Expense Ratio
(as of 09/30/2018)
0.87%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 09/30/2018
  • C
as of 09/30/2018
  • C

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-09-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
22.46% 31.07% 18.88% 12.35% 13.54% 9.39%
Russell 2000® Growth Index
15.76% 21.06% 17.98% 12.14% 12.65% 4.47%
Cumulative
Annualized
ytd as of 2018-09-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
22.46% 31.07% 18.88% 12.35% 13.54% 9.39%
Russell 2000® Growth Index
15.76% 21.06% 17.98% 12.14% 12.65% 4.47%
Gross Expense Ratio: 0.87% | Net Expense Ratio: 0.87%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.


Year Discovery Fund Russell 2000® Growth Index
1995 36.97% 5.06%
1996 15.08% 4.00%
1997 10.74% 4.29%
1998 -1.73% -6.46%
1999 51.72% 3.64%
2000 -13.04% 9.31%
2001 -11.32% -0.57%
2002 -23.86% -0.33%
2003 39.34% -2.14%
2004 4.33% -0.64%
2005 1.60% 5.99%
2006 5.07% 13.35%
2007 26.08% 7.05%
2008 -38.41% -38.54%
2009 27.64% 34.47%
2010 28.33% 29.09%
2011 1.90% -2.91%
2012 17.41% 14.59%
2013 46.55% 43.30%
2014 -1.96% 5.60%
2015 2.22% -1.38%
2016 4.48% 11.32%
2017 29.40% 22.17%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.


Date Discovery Fund Russell 2000® Growth Index MSCI World S&P 500
9/30/2008 0.00 0.00 0.00 0.00
10/31/2008 -18.80 -21.70 -18.96 -16.79
11/30/2008 -28.09 -31.18 -24.21 -22.77
12/31/2008 -25.29 -27.45 -21.77 -21.94
1/31/2009 -28.80 -32.97 -28.63 -28.52
2/28/2009 -35.29 -39.91 -35.93 -36.13
3/31/2009 -31.57 -34.51 -31.10 -30.54
4/30/2009 -27.28 -24.66 -23.37 -23.89
5/31/2009 -25.06 -21.74 -16.43 -19.63
6/30/2009 -22.74 -19.20 -16.81 -19.47
7/31/2009 -18.11 -12.94 -9.76 -13.38
8/31/2009 -17.05 -12.09 -6.04 -10.26
9/30/2009 -11.81 -6.32 -2.29 -6.91
10/31/2009 -15.96 -12.82 -4.03 -8.64
11/30/2009 -12.07 -10.13 -0.11 -3.16
12/31/2009 -4.63 -2.44 1.68 -1.29
1/31/2010 -9.48 -6.80 -2.52 -4.84
2/28/2010 -5.85 -2.74 -1.14 -1.89
3/31/2010 1.69 4.99 4.98 4.03
4/30/2010 4.92 9.40 4.99 5.67
5/31/2010 -1.55 2.17 -5.06 -2.76
6/30/2010 -8.07 -4.69 -8.32 -7.85
7/31/2010 -3.69 1.61 -0.89 -1.40
8/31/2010 -8.29 -5.79 -4.59 -5.85
9/30/2010 3.36 7.54 4.31 2.55
10/31/2010 9.52 12.17 8.20 6.45
11/30/2010 15.50 17.06 5.86 6.47
12/31/2010 22.39 25.94 13.65 13.58
1/31/2011 24.75 25.24 16.21 16.28
2/28/2011 34.16 32.60 20.28 20.26
3/31/2011 40.65 37.58 19.10 20.31
4/30/2011 47.46 42.54 24.16 23.87
5/31/2011 43.41 39.75 21.58 22.47
6/30/2011 42.65 36.77 19.66 20.43
7/31/2011 36.69 31.41 17.49 17.98
8/31/2011 25.39 20.15 9.21 11.57
9/30/2011 14.72 6.34 -0.22 3.73
10/31/2011 27.93 23.20 10.10 15.06
11/30/2011 26.99 22.56 7.41 14.81
12/31/2011 24.70 22.28 7.35 15.98
1/31/2012 31.02 31.43 12.74 21.18
2/29/2012 39.14 35.76 18.24 26.42
3/31/2012 43.01 38.51 19.76 30.58
4/30/2012 46.75 36.24 18.40 29.76
5/31/2012 36.93 26.53 8.18 21.96
6/30/2012 40.76 33.06 13.70 26.99
7/31/2012 41.09 30.74 15.16 28.75
8/31/2012 47.38 35.43 18.08 31.65
9/30/2012 51.82 39.49 21.32 35.05
10/31/2012 46.39 35.16 20.50 32.56
11/30/2012 44.55 36.20 22.04 33.33
12/31/2012 46.42 40.12 24.34 34.54
1/31/2013 54.98 49.34 30.67 41.51
2/28/2013 55.37 50.93 30.89 43.43
3/31/2013 63.25 58.63 33.95 48.81
4/30/2013 61.79 57.59 38.17 51.68
5/31/2013 69.55 65.58 38.22 55.23
6/30/2013 70.90 64.55 34.82 53.14
7/31/2013 84.74 77.00 41.92 60.94
8/31/2013 87.43 73.54 38.90 56.27
9/30/2013 98.88 85.62 45.84 61.18
10/31/2013 103.65 89.00 51.55 68.58
11/30/2013 108.73 96.76 54.24 73.72
12/31/2013 114.58 100.79 57.51 78.12
1/31/2014 111.17 97.32 51.67 71.96
2/28/2014 122.13 106.86 59.27 79.83
3/31/2014 109.58 101.76 59.50 81.34
4/30/2014 91.25 91.40 61.13 82.68
5/31/2014 90.63 93.25 64.30 86.97
6/30/2014 104.83 105.24 67.24 90.83
7/31/2014 92.25 92.81 64.57 88.20
8/31/2014 101.40 103.56 68.20 95.73
9/30/2014 94.98 92.66 63.63 92.98
10/31/2014 105.13 104.61 64.69 97.70
11/30/2014 107.14 105.93 67.99 103.01
12/31/2014 110.38 112.04 65.28 102.50
1/31/2015 106.63 107.20 62.29 96.42
2/28/2015 122.18 122.11 71.80 107.71
3/31/2015 126.12 126.10 69.11 104.43
4/30/2015 118.09 119.45 73.07 106.39
5/31/2015 128.81 127.51 73.67 109.04
6/30/2015 134.21 130.57 69.63 104.99
7/31/2015 141.92 131.51 72.68 109.29
8/31/2015 122.05 113.97 61.25 96.66
9/30/2015 111.92 100.45 55.30 91.80
10/31/2015 120.04 111.82 67.61 107.98
11/30/2015 123.51 119.59 66.78 108.59
12/31/2015 115.04 109.11 63.84 105.30
1/31/2016 94.56 86.46 54.04 95.12
2/29/2016 90.71 85.14 52.90 94.85
3/31/2016 102.68 99.32 63.27 108.07
4/30/2016 106.02 101.31 65.85 108.88
5/31/2016 111.67 106.73 66.79 112.63
6/30/2016 116.56 105.78 64.92 113.18
7/31/2016 125.66 119.24 71.88 121.04
8/31/2016 126.56 121.57 72.03 121.35
9/30/2016 126.56 124.76 72.94 121.39
10/31/2016 115.01 110.79 69.59 117.35
11/30/2016 128.11 129.65 72.03 125.40
12/31/2016 124.69 132.78 76.15 129.86
1/31/2017 134.35 136.56 80.40 134.22
2/28/2017 139.61 142.36 85.41 143.52
3/31/2017 144.43 145.23 87.38 143.80
4/30/2017 150.47 149.75 90.16 146.31
5/31/2017 154.20 147.48 94.18 149.77
6/30/2017 157.16 155.99 94.93 151.33
7/31/2017 160.57 158.17 99.59 156.50
8/31/2017 160.10 157.87 99.87 157.28
9/30/2017 171.64 171.91 104.36 162.59
10/31/2017 181.86 176.13 108.22 168.72
11/30/2017 190.66 184.05 112.73 176.96
12/31/2017 190.77 184.38 115.61 180.04
1/31/2018 203.99 195.47 126.99 196.07
2/28/2018 199.62 187.05 117.59 185.16
3/31/2018 202.72 190.92 112.85 177.91
4/30/2018 201.29 191.20 115.29 178.98
5/31/2018 225.10 209.54 116.64 185.70
6/30/2018 225.70 211.96 116.54 187.46
7/31/2018 230.73 217.32 123.30 198.15
8/31/2018 259.20 237.08 126.06 207.87
9/30/2018 256.07 229.19 127.32 209.62

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y 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 10/16/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term 5.9890 7.0126 4.6368 2.9326 9.6645
Total Amount of Distribution 5.9890 7.0126 4.6368 2.9326 9.6645
Record Date 12/3/13 12/2/14 12/2/15 12/5/16 12/4/17
Ex Div Date 12/4/13 12/3/14 12/3/15 12/6/16 12/5/17
Pay Date 12/5/13 12/3/14 12/3/15 12/6/16 12/5/17

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

Portfolio

Top Issuers

(36.4% of assets as of 09/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Discovery Fund Russell 2000® Growth Index Overweight / Underweight
United States 97.1% 100.0% -2.8%
Canada 0.8% 0.0% 0.7%
Developed Markets Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Americas 97.9% 100.0% -2.1%
Equity Sector Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Health Care 26.8% 27.2% -0.4%
Information Technology 21.8% 17.5% 4.3%
Consumer Discretionary 20.4% 14.7% 5.7%
Industrials 14.5% 17.8% -3.4%
Financials 8.5% 7.3% 1.2%
Materials 3.3% 3.9% -0.6%
Energy 2.1% 2.3% -0.2%
Communication Services 0.4% 3.5% -3.0%
Industry Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Software 15.9% 9.1% 6.8%
Health Care Equipment & Supplies 13.8% 6.6% 7.2%
Hotels Restaurants & Leisure 7.8% 4.6% 3.2%
Biotechnology 5.5% 12.1% -6.6%
Aerospace & Defense 4.0% 1.1% 2.9%
Life Sciences Tools & Services 3.5% 0.6% 2.9%
Machinery 3.3% 4.6% -1.3%
Building Products 2.7% 2.2% 0.5%
Banks 2.6% 2.7% -0.1%
Semiconductors & Semiconductor Equipment 2.4% 3.2% -0.8%
Chemicals 2.4% 2.5% -0.1%
Specialty Retail 2.4% 2.9% -0.5%
Multiline Retail 2.3% 0.4% 1.8%
Diversified Consumer Services 2.2% 1.0% 1.2%
Capital Markets 2.2% 1.4% 0.8%
Oil Gas & Consumable Fuels 2.1% 1.7% 0.4%
Health Care Providers & Services 2.1% 2.7% -0.6%
Distributors 2.0% 0.0% 1.9%
Consumer Finance 1.9% 0.8% 1.1%
Insurance 1.9% 1.5% 0.4%
Asset Allocation Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Equity 97.9% 100.0% -2.1%
Market Cap Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Mid 72.8% 27.6% 45.3%
Small 25.1% 72.4% -47.3%
Analytics
(As of 09/30/2018)

Morningstar 09/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
606
Category
Small Growth
Analyst Rating (as of 7/19/18)
Silver
Performance Statistics
3Y
5Y
Alpha
3.52
1.17
Beta
0.82
0.92
Information Ratio
0.17
0.04
R-Squared
83.41
86.05
Sharpe Ratio
1.43
0.87
Standard Deviation
12.12
13.99
Upside Capture
89.72
95.58
Downside Capture
66.02
90.96
Sortino Ratio
2.50
1.35
Win Ratio
50.00
52.00
Loss Ratio
50.00
48.00
Tracking Error
5.45
5.34
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$4.98 B
$2.67 B
Median Market Cap (weighted)
$5.15 B
$2.45 B
P/E Ratio (LTM)
57.35
41.54
P/E Ratio (NTM)
36.20
26.46
Price/Book
6.58
4.76
Return on Equity
3.24%
8.70%
EPS Growth Rate 3Y
27.19%
13.60%
EPS Growth Rate 5Y
27.19%
13.60%
Sales Growth Rate 3Y
17.66%
11.03%
Sales Growth Rate 5Y
17.66%
-
Turnover Ratio
107%
-
Active Share
84.78%
-
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
12/5/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Distribution Sources
  • E
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Documents
  1. 1. 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. Investments in securities of growth companies may be volatile. 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 Russell 2000® Growth Index measures the performance of the small-cap growth segment of the U.S. equity universe. It includes those Russell 2000 companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged 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. 6. The Morningstar Analyst Rating is not a credit or risk rating, but a subjective evaluation performed by the analysts of Morningstar, Inc. (Mstar.) Mstar evaluates funds based on five key pillars (process, performance, people, parent and price). Mstar’s analysts use this evaluation to identify funds they believe are morelikely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weighting of each pillar may vary. The Analyst Rating reflects an overall assessment and is overseen by Morningstar’s Analyst Rating Committee. The analyst rating scale is five-tiered, with threepositive ratings (Gold, Silver, Bronze), a Neutral Rating and a Negative Rating, with Gold being the highest rating and Negative being the lowest rating. The Mstar analyst Ratings should not be used as the sole basis in evaluating a mutual fund and are based on Mstar’s current expectations about future events. Mstar does not represent ratings as a guarantee. Analyst Ratings involve unknown risks and uncertainties which may causeMstar’s expectations not to occur or to differ significantly.
  7. A. Effective 6/28/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus supplement for further information.
  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 investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y 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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