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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 05/25/2018)
$98.66
Total Assets
(as of 04/30/2018)
$2.23 BN
Gross Expense Ratio
(as of 04/30/2018)
0.68%
Net Expense Ratio
(as of 04/30/2018)
0.68%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2018
  • F
as of 03/31/2018
  • F

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-03-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
4.15% 24.07% 10.42% 13.36% - 14.47%
Russell 2000® Growth Index
2.30% 18.63% 8.77% 12.90% 10.95% -
Cumulative
Annualized
ytd as of 2018-04-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
3.68% 20.50% 11.58% 13.47% - 14.19%
Russell 2000® Growth Index
2.40% 16.60% 9.89% 13.07% 10.41% -
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
4/30/2008 0.00 0.00 0.00 0.00
5/31/2008 5.89 5.66 1.52 1.30
6/30/2008 3.84 -0.63 -6.57 -7.24
7/31/2008 3.95 1.68 -8.86 -8.02
8/31/2008 4.00 4.20 -10.14 -6.69
9/30/2008 -9.16 -7.58 -20.82 -15.01
10/31/2008 -26.23 -27.63 -35.84 -29.28
11/30/2008 -34.68 -36.39 -39.99 -34.36
12/31/2008 -32.13 -32.94 -38.06 -33.66
1/31/2009 -35.32 -38.04 -43.49 -39.25
2/28/2009 -41.22 -44.46 -49.27 -45.72
3/31/2009 -37.84 -39.47 -45.45 -40.96
4/30/2009 -33.94 -30.36 -39.33 -35.31
5/31/2009 -31.93 -27.67 -33.83 -31.69
6/30/2009 -29.82 -25.32 -34.13 -31.56
7/31/2009 -25.62 -19.53 -28.55 -26.38
8/31/2009 -24.65 -18.75 -25.60 -23.72
9/30/2009 -19.89 -13.41 -22.64 -20.88
10/31/2009 -23.66 -19.43 -24.02 -22.35
11/30/2009 -20.13 -16.94 -20.91 -17.69
12/31/2009 -13.37 -9.83 -19.49 -16.10
1/31/2010 -17.78 -13.86 -22.82 -19.12
2/28/2010 -14.47 -10.10 -21.73 -16.61
3/31/2010 -7.62 -2.96 -16.88 -11.58
4/30/2010 -4.69 1.11 -16.87 -10.19
5/31/2010 -10.57 -5.57 -24.83 -17.36
6/30/2010 -16.49 -11.91 -27.41 -21.68
7/31/2010 -12.51 -6.08 -21.53 -16.20
8/31/2010 -16.69 -12.93 -24.46 -19.98
9/30/2010 -6.11 -0.61 -17.41 -12.84
10/31/2010 -0.51 3.67 -14.33 -9.52
11/30/2010 4.92 8.19 -16.18 -9.51
12/31/2010 11.17 16.40 -10.02 -3.46
1/31/2011 13.32 15.75 -7.99 -1.17
2/28/2011 21.87 22.56 -4.76 2.21
3/31/2011 27.77 27.16 -5.70 2.25
4/30/2011 33.95 31.74 -1.70 5.28
5/31/2011 30.27 29.17 -3.74 4.09
6/30/2011 29.58 26.41 -5.26 2.35
7/31/2011 24.17 21.45 -6.98 0.27
8/31/2011 13.90 11.05 -13.53 -5.18
9/30/2011 4.21 -1.72 -21.00 -11.84
10/31/2011 16.21 13.87 -12.83 -2.21
11/30/2011 15.36 13.27 -14.96 -2.42
12/31/2011 13.28 13.02 -15.00 -1.42
1/31/2012 19.02 21.47 -10.74 2.99
2/29/2012 26.39 25.47 -6.38 7.45
3/31/2012 29.91 28.02 -5.18 10.98
4/30/2012 33.31 25.92 -6.25 10.29
5/31/2012 24.39 16.95 -14.34 3.66
6/30/2012 27.87 22.98 -9.98 7.93
7/31/2012 28.16 20.83 -8.82 9.43
8/31/2012 33.88 25.17 -6.51 11.89
9/30/2012 37.91 28.93 -3.94 14.78
10/31/2012 32.98 24.92 -4.59 12.66
11/30/2012 31.31 25.88 -3.37 13.32
12/31/2012 33.01 29.50 -1.55 14.35
1/31/2013 40.78 38.03 3.46 20.27
2/28/2013 41.14 39.49 3.63 21.91
3/31/2013 48.29 46.61 6.06 26.48
4/30/2013 46.97 45.65 9.40 28.92
5/31/2013 54.02 53.04 9.44 31.93
6/30/2013 55.24 52.09 6.74 30.16
7/31/2013 67.81 63.59 12.36 36.78
8/31/2013 70.26 60.40 9.97 32.82
9/30/2013 80.66 71.56 15.47 36.99
10/31/2013 84.99 74.69 19.99 43.28
11/30/2013 89.61 81.86 22.12 47.65
12/31/2013 94.92 85.58 24.71 51.39
1/31/2014 91.82 82.37 20.09 46.15
2/28/2014 101.78 91.19 26.10 52.84
3/31/2014 90.38 86.48 26.28 54.12
4/30/2014 73.73 76.90 27.58 55.26
5/31/2014 73.17 78.61 30.09 58.91
6/30/2014 86.06 89.69 32.42 62.19
7/31/2014 74.64 78.20 30.30 59.95
8/31/2014 82.95 88.14 33.17 66.35
9/30/2014 77.12 78.07 29.56 64.02
10/31/2014 86.34 89.11 30.40 68.03
11/30/2014 88.17 90.33 33.01 72.54
12/31/2014 91.10 95.98 30.87 72.11
1/31/2015 87.70 91.51 28.49 66.94
2/28/2015 101.83 105.29 36.02 76.54
3/31/2015 105.41 108.97 33.89 73.75
4/30/2015 98.11 102.83 37.03 75.41
5/31/2015 107.85 110.28 37.51 77.67
6/30/2015 112.75 113.10 34.31 74.23
7/31/2015 119.76 113.97 36.72 77.88
8/31/2015 101.71 97.76 27.67 67.15
9/30/2015 92.51 85.27 22.96 63.01
10/31/2015 99.88 95.78 32.71 76.76
11/30/2015 103.04 102.95 32.05 77.29
12/31/2015 95.34 93.27 29.73 74.49
1/31/2016 76.74 72.33 21.96 65.83
2/29/2016 73.24 71.11 21.06 65.61
3/31/2016 84.12 84.22 29.27 76.84
4/30/2016 87.15 86.06 31.32 77.53
5/31/2016 92.28 91.07 32.05 80.72
6/30/2016 96.72 90.19 30.58 81.19
7/31/2016 104.99 102.63 36.09 87.87
8/31/2016 105.80 104.78 36.20 88.13
9/30/2016 105.80 107.73 36.93 88.17
10/31/2016 95.31 94.82 34.28 84.73
11/30/2016 107.21 112.25 36.21 91.57
12/31/2016 104.11 115.15 39.47 95.36
1/31/2017 112.88 118.64 42.83 99.07
2/28/2017 117.66 124.00 46.80 106.97
3/31/2017 122.03 126.65 48.36 107.21
4/30/2017 127.52 130.83 50.56 109.34
5/31/2017 130.92 128.73 53.74 112.29
6/30/2017 133.61 136.60 54.33 113.61
7/31/2017 136.70 138.62 58.03 118.00
8/31/2017 136.27 138.34 58.25 118.67
9/30/2017 146.75 151.31 61.80 123.18
10/31/2017 156.04 155.21 64.86 128.39
11/30/2017 164.03 162.53 68.43 135.39
12/31/2017 164.13 162.84 70.71 138.01
1/31/2018 176.14 173.08 79.72 151.64
2/28/2018 172.18 165.31 72.28 142.36
3/31/2018 174.99 168.88 68.52 136.20
4/30/2018 173.69 169.14 70.46 137.11

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 05/27/2018

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

(33.3% of assets as of 04/30/2018)


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 98.4% 99.8% -1.3%
Canada 0.3% 0.0% 0.2%
Developed Markets Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Americas 98.7% 100.0% -1.3%
Equity Sector Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Information Technology 29.4% 25.0% 4.4%
Health Care 21.9% 25.5% -3.5%
Industrials 17.4% 17.2% 0.2%
Consumer Discretionary 16.5% 13.4% 3.1%
Financials 9.0% 6.1% 2.9%
Materials 3.4% 4.4% -1.0%
Energy 1.1% 1.4% -0.2%
Industry Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Software 13.8% 6.9% 6.9%
Health Care Equipment & Supplies 12.9% 6.4% 6.5%
Internet Software & Services 7.3% 6.7% 0.6%
Semiconductors & Semiconductor Equipment 5.8% 4.5% 1.3%
Aerospace & Defense 4.6% 1.0% 3.6%
Hotels Restaurants & Leisure 4.5% 4.6% -0.1%
Machinery 3.5% 4.3% -0.8%
Banks 3.5% 2.3% 1.3%
Biotechnology 3.1% 9.4% -6.3%
Specialty Retail 2.7% 1.7% 1.0%
Capital Markets 2.7% 1.6% 1.1%
Construction & Engineering 2.6% 1.4% 1.2%
Diversified Consumer Services 2.2% 1.3% 1.0%
Health Care Providers & Services 2.1% 3.4% -1.3%
Life Sciences Tools & Services 2.1% 1.0% 1.1%
Electronic Equipment Instruments & Components 2.0% 2.0% 0.0%
Distributors 1.9% 0.1% 1.8%
Trading Companies & Distributors 1.9% 1.1% 0.7%
Household Durables 1.8% 1.3% 0.4%
Building Products 1.8% 1.9% -0.1%
Asset Allocation Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Equity 98.7% 100.0% -1.3%
Market Cap Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Mid 70.8% 36.0% 34.8%
Small 27.9% 64.0% -36.1%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
601
Category
Small Growth
Analyst Rating (as of 7/26/17)
Silver
Performance Statistics
3Y
5Y
Alpha
3.15
1.70
Beta
0.81
0.89
Information Ratio
0.30
0.07
R-Squared
85.09
85.99
Sharpe Ratio
0.89
0.96
Standard Deviation
12.64
13.85
Upside Capture
91.94
93.53
Downside Capture
76.26
85.92
Sortino Ratio
0.37
0.43
Win Ratio
53.00
52.00
Loss Ratio
47.00
48.00
Tracking Error
5.55
5.42
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)
$4.70 B
$2.90 B
Median Market Cap (weighted)
$4.20 B
$2.60 B
P/E Ratio (LTM)
48.05
37.34
P/E Ratio (NTM)
28.95
23.87
Price/Book
5.64
4.19
Return on Equity
9.31%
10.04%
Turnover Ratio
107.00%
-
Active Share
82.81%
-
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 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.
  14. 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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