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ODIIX

Discovery Fund

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
January 27, 2012
Investment Style
Small Cap Growth
Fund Index
Russell 2000® Growth Index
CUSIP
683921605
NAV
  • B
(as of 07/20/2018)
$104.89
Total Assets
(as of 06/30/2018)
$2.43 BN
Gross Expense Ratio
(as of 06/30/2018)
0.68%
Net Expense Ratio
(as of 06/30/2018)
0.68%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2018
  • G
as of 06/30/2018
  • G

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-06-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
12.11% 26.88% 11.82% 13.99% - 15.19%
Russell 2000® Growth Index
9.70% 21.86% 10.60% 13.65% 11.24% 4.33%
Cumulative
Annualized
ytd as of 2018-06-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
12.11% 26.88% 11.82% 13.99% - 15.19%
Russell 2000® Growth Index
9.70% 21.86% 10.60% 13.65% 11.24% 4.33%
Gross Expense Ratio: 0.68% | Net Expense Ratio: 0.68%

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 Discovery Fund Russell 2000® Growth Index
2013 46.85% 43.30%
2014 -1.76% 5.60%
2015 2.40% -1.38%
2016 4.69% 11.32%
2017 29.64% 22.17%

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 Discovery Fund Russell 2000® Growth Index MSCI World S&P 500
6/30/2008 0.00 0.00 0.00 0.00
7/31/2008 0.11 2.33 -2.44 -0.84
8/31/2008 0.16 4.87 -3.81 0.59
9/30/2008 -12.52 -6.99 -15.25 -8.37
10/31/2008 -28.96 -27.17 -31.32 -23.76
11/30/2008 -37.09 -35.99 -35.77 -29.23
12/31/2008 -34.64 -32.51 -33.71 -28.48
1/31/2009 -37.71 -37.65 -39.51 -34.51
2/28/2009 -43.39 -44.10 -45.71 -41.48
3/31/2009 -40.14 -39.09 -41.61 -36.35
4/30/2009 -36.38 -29.92 -35.06 -30.26
5/31/2009 -34.44 -27.21 -29.18 -26.36
6/30/2009 -32.41 -24.85 -29.50 -26.21
7/31/2009 -28.36 -19.02 -23.53 -20.63
8/31/2009 -27.43 -18.23 -20.37 -17.77
9/30/2009 -22.85 -12.86 -17.20 -14.70
10/31/2009 -26.48 -18.91 -18.67 -16.28
11/30/2009 -23.08 -16.41 -15.35 -11.26
12/31/2009 -16.57 -9.25 -13.83 -9.55
1/31/2010 -20.81 -13.31 -17.39 -12.80
2/28/2010 -17.63 -9.53 -16.22 -10.10
3/31/2010 -11.04 -2.34 -11.04 -4.68
4/30/2010 -8.21 1.76 -11.02 -3.17
5/31/2010 -13.88 -4.97 -19.55 -10.90
6/30/2010 -19.57 -11.35 -22.30 -15.57
7/31/2010 -15.75 -5.48 -16.00 -9.65
8/31/2010 -19.77 -12.37 -19.14 -13.73
9/30/2010 -9.58 0.03 -11.60 -6.03
10/31/2010 -4.19 4.33 -8.31 -2.46
11/30/2010 1.04 8.88 -10.29 -2.44
12/31/2010 7.07 17.14 -3.69 4.08
1/31/2011 9.13 16.49 -1.51 6.54
2/28/2011 17.37 23.34 1.93 10.19
3/31/2011 23.05 27.97 0.93 10.24
4/30/2011 29.00 32.58 5.22 13.50
5/31/2011 25.46 29.99 3.03 12.22
6/30/2011 24.79 27.21 1.40 10.35
7/31/2011 19.58 22.23 -0.43 8.10
8/31/2011 9.69 11.76 -7.45 2.23
9/30/2011 0.36 -1.09 -15.44 -4.96
10/31/2011 11.92 14.60 -6.70 5.43
11/30/2011 11.09 13.99 -8.97 5.20
12/31/2011 9.09 13.74 -9.03 6.27
1/31/2012 14.62 22.25 -4.46 11.04
2/29/2012 21.72 26.27 0.21 15.84
3/31/2012 25.11 28.84 1.50 19.65
4/30/2012 28.38 26.72 0.34 18.90
5/31/2012 19.79 17.69 -8.32 11.75
6/30/2012 23.14 23.76 -3.65 16.36
7/31/2012 23.42 21.61 -2.41 17.97
8/31/2012 28.93 25.97 0.07 20.63
9/30/2012 32.81 29.75 2.81 23.75
10/31/2012 28.06 25.72 2.12 21.46
11/30/2012 26.45 26.68 3.43 22.17
12/31/2012 28.09 30.33 5.37 23.28
1/31/2013 35.58 38.91 10.74 29.67
2/28/2013 35.92 40.38 10.92 31.43
3/31/2013 42.81 47.55 13.52 36.36
4/30/2013 41.54 46.58 17.10 38.98
5/31/2013 48.33 54.02 17.14 42.24
6/30/2013 49.51 53.06 14.25 40.33
7/31/2013 61.61 64.64 20.27 47.47
8/31/2013 63.96 61.42 17.71 43.19
9/30/2013 73.98 72.65 23.60 47.69
10/31/2013 78.16 75.80 28.43 54.47
11/30/2013 82.60 83.02 30.72 59.18
12/31/2013 87.72 86.76 33.48 63.21
1/31/2014 84.74 83.54 28.54 57.57
2/28/2014 94.33 92.41 34.97 64.78
3/31/2014 83.34 87.67 35.17 66.16
4/30/2014 67.31 78.03 36.55 67.39
5/31/2014 66.77 79.75 39.24 71.32
6/30/2014 79.19 90.91 41.73 74.86
7/31/2014 68.18 79.34 39.47 72.45
8/31/2014 76.19 89.34 42.54 79.34
9/30/2014 70.58 79.20 38.67 76.83
10/31/2014 79.45 90.32 39.57 81.15
11/30/2014 81.21 91.55 42.37 86.02
12/31/2014 84.04 97.23 40.07 85.55
1/31/2015 80.76 92.73 37.53 79.98
2/28/2015 94.37 106.60 45.59 90.33
3/31/2015 97.82 110.31 43.31 87.32
4/30/2015 90.79 104.12 46.67 89.11
5/31/2015 100.17 111.62 47.18 91.54
6/30/2015 104.89 114.46 43.76 87.84
7/31/2015 111.64 115.34 46.34 91.77
8/31/2015 94.25 99.02 36.65 80.20
9/30/2015 85.40 86.45 31.61 75.74
10/31/2015 92.50 97.03 42.04 90.57
11/30/2015 95.54 104.25 41.34 91.13
12/31/2015 88.12 94.51 38.85 88.12
1/31/2016 70.21 73.43 30.54 78.78
2/29/2016 66.83 72.21 29.57 78.54
3/31/2016 77.31 85.40 38.37 90.66
4/30/2016 80.24 87.25 40.56 91.39
5/31/2016 85.17 92.29 41.34 94.83
6/30/2016 89.45 91.41 39.76 95.34
7/31/2016 97.41 103.92 45.67 102.54
8/31/2016 98.20 106.09 45.79 102.82
9/30/2016 98.20 109.06 46.56 102.86
10/31/2016 88.09 96.06 43.72 99.16
11/30/2016 99.56 113.61 45.79 106.54
12/31/2016 96.56 116.52 49.28 110.62
1/31/2017 105.01 120.04 52.88 114.61
2/28/2017 109.62 125.43 57.12 123.14
3/31/2017 113.83 128.10 58.80 123.40
4/30/2017 119.11 132.30 61.15 125.69
5/31/2017 122.38 130.19 64.56 128.87
6/30/2017 124.97 138.11 65.19 130.29
7/31/2017 127.96 140.14 69.14 135.03
8/31/2017 127.54 139.86 69.38 135.75
9/30/2017 137.63 152.92 73.18 140.61
10/31/2017 146.58 156.84 76.46 146.23
11/30/2017 154.27 164.21 80.28 153.78
12/31/2017 154.37 164.52 82.72 156.60
1/31/2018 165.93 174.83 92.37 171.29
2/28/2018 162.12 167.00 84.40 161.29
3/31/2018 164.83 170.60 80.38 154.65
4/30/2018 163.57 170.86 82.45 155.63
5/31/2018 184.41 187.92 83.59 161.79
6/30/2018 184.93 190.17 83.51 163.40

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 07/22/2018

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

(32.9% of assets as of 06/30/2018)


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 97.5% 99.7% -2.2%
Canada 0.5% 0.1% 0.4%
Developed Markets Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Americas 98.0% 100.0% -2.0%
Equity Sector Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Information Technology 25.9% 19.1% 6.8%
Health Care 23.4% 26.5% -3.0%
Consumer Discretionary 18.9% 15.3% 3.6%
Industrials 16.1% 18.2% -2.1%
Financials 9.0% 7.7% 1.4%
Materials 2.9% 4.3% -1.4%
Energy 1.7% 2.4% -0.7%
Industry Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Health Care Equipment & Supplies 12.7% 6.1% 6.6%
Software 9.6% 4.4% 5.2%
Internet Software & Services 8.9% 6.7% 2.2%
Hotels Restaurants & Leisure 6.1% 4.9% 1.3%
Semiconductors & Semiconductor Equipment 4.8% 3.3% 1.6%
Aerospace & Defense 4.3% 1.0% 3.4%
Biotechnology 4.1% 12.2% -8.1%
Banks 3.7% 2.9% 0.8%
Health Care Providers & Services 3.0% 2.7% 0.2%
Construction & Engineering 2.8% 1.4% 1.3%
Capital Markets 2.7% 1.6% 1.1%
Diversified Consumer Services 2.6% 1.1% 1.5%
Specialty Retail 2.3% 2.6% -0.3%
Life Sciences Tools & Services 2.2% 0.5% 1.7%
Machinery 2.2% 4.5% -2.2%
Distributors 2.1% 0.0% 2.1%
Multiline Retail 2.0% 0.4% 1.6%
Electronic Equipment Instruments & Components 2.0% 1.6% 0.4%
Building Products 2.0% 2.3% -0.3%
Trading Companies & Distributors 1.9% 1.5% 0.5%
Asset Allocation Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Equity 98.0% 100.0% -2.0%
Market Cap Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Mid 70.7% 27.2% 43.5%
Small 27.3% 72.8% -45.5%
Analytics
(As of 06/30/2018)

Morningstar 06/30/2018 (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
2.70
1.56
Beta
0.83
0.90
Information Ratio
0.22
0.06
R-Squared
85.42
86.09
Sharpe Ratio
0.87
0.97
Standard Deviation
13.06
14.09
Upside Capture
90.34
94.51
Downside Capture
76.26
87.79
Sortino Ratio
0.38
0.44
Win Ratio
50.00
52.00
Loss Ratio
50.00
48.00
Tracking Error
5.57
5.43
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
12/5/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$4.58 B
$2.43 B
Median Market Cap (weighted)
$4.41 B
$2.29 B
P/E Ratio (LTM)
49.20
42.01
P/E Ratio (NTM)
29.96
25.01
Price/Book
5.85
4.61
Return on Equity
6.91%
9.09%
EPS Growth Rate 3Y
31.95%
11.16%
EPS Growth Rate 5Y
31.95%
11.16%
Sales Growth Rate 3Y
17.55%
10.87%
Sales Growth Rate 5Y
17.55%
-
Turnover Ratio
107%
-
Active Share
85.48%
-
Distribution Sources
  • E
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Documents
  1. 1. Special Risks: 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. Access index definitions.
  4. 4. 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.
  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 more likely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weightings of each pillar may vary. The Analyst Rating reflects overall assessment and is overseen by Morningstar's Analyst Rating Committee. The analyst rating scale is five-tiered, with three positive 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 cause Mstar's expectations not to occur or to differ significantly.
  7. 7. 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.
  8. A. 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.
  9. 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.
  10. 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.
  11. 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.
  12. E. There is no guarantee of the payment of any dividend or other distributions at any level.
  13. F. 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.
  14. G. 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.
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