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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 11/19/2018)
$91.31
Total Assets
(as of 10/31/2018)
$2.37 BN
Gross Expense Ratio
(as of 10/31/2018)
0.68%
Net Expense Ratio
(as of 10/31/2018)
0.68%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2018
  • G
as of 09/30/2018
  • G

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)
22.60% 31.29% 19.10% 12.56% - 16.13%
Russell 2000® Growth Index
15.76% 21.06% 17.98% 12.14% 12.65% 4.47%
Cumulative
Annualized
ytd as of 2018-10-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
8.10% 11.56% 12.77% 9.24% - 13.77%
Russell 2000® Growth Index
1.11% 4.13% 10.72% 8.75% 13.89% 4.02%
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
10/31/2008 0.00 0.00 0.00 0.00
11/30/2008 -11.45 -12.10 -6.47 -7.18
12/31/2008 -7.99 -7.33 -3.47 -6.19
1/31/2009 -12.32 -14.38 -11.93 -14.09
2/28/2009 -20.32 -23.25 -20.94 -23.24
3/31/2009 -15.74 -16.36 -14.98 -16.52
4/30/2009 -10.45 -3.77 -5.44 -8.53
5/31/2009 -7.71 -0.05 3.12 -3.41
6/30/2009 -4.85 3.19 2.66 -3.22
7/31/2009 0.84 11.20 11.35 4.10
8/31/2009 2.15 12.28 15.95 7.86
9/30/2009 8.61 19.65 20.57 11.88
10/31/2009 3.50 11.34 18.42 9.80
11/30/2009 8.28 14.79 23.26 16.39
12/31/2009 17.44 24.61 25.47 18.64
1/31/2010 11.47 19.03 20.29 14.37
2/28/2010 15.95 24.23 21.98 17.91
3/31/2010 25.23 34.10 29.54 25.03
4/30/2010 29.21 39.72 29.56 27.00
5/31/2010 21.23 30.49 17.15 16.86
6/30/2010 13.21 21.73 13.13 10.74
7/31/2010 18.60 29.78 22.30 18.50
8/31/2010 12.93 20.32 17.74 13.15
9/30/2010 27.28 37.35 28.71 23.25
10/31/2010 34.87 43.26 33.51 27.94
11/30/2010 42.24 49.50 30.63 27.96
12/31/2010 50.71 60.85 40.23 36.51
1/31/2011 53.62 59.96 43.40 39.75
2/28/2011 65.21 69.36 48.42 44.53
3/31/2011 73.21 75.71 46.96 44.59
4/30/2011 81.59 82.05 53.20 48.87
5/31/2011 76.60 78.49 50.03 47.19
6/30/2011 75.66 74.68 47.65 44.73
7/31/2011 68.33 67.83 44.97 41.79
8/31/2011 54.41 53.46 34.76 34.09
9/30/2011 41.28 35.82 23.12 24.66
10/31/2011 57.55 57.36 35.86 38.29
11/30/2011 56.38 56.53 32.54 37.98
12/31/2011 53.57 56.18 32.47 39.39
1/31/2012 61.35 67.86 39.11 45.64
2/29/2012 71.34 73.39 45.91 51.94
3/31/2012 76.11 76.91 47.78 56.94
4/30/2012 80.72 74.00 46.11 55.95
5/31/2012 68.62 61.60 33.49 46.58
6/30/2012 73.34 69.94 40.30 52.62
7/31/2012 73.74 66.98 42.10 54.74
8/31/2012 81.50 72.97 45.70 58.22
9/30/2012 86.96 78.16 49.70 62.31
10/31/2012 80.27 72.62 48.69 59.32
11/30/2012 78.00 73.95 50.60 60.24
12/31/2012 80.31 78.96 53.43 61.70
1/31/2013 90.85 90.73 61.24 70.08
2/28/2013 91.33 92.76 61.51 72.38
3/31/2013 101.04 102.60 65.29 78.85
4/30/2013 99.24 101.27 70.50 82.30
5/31/2013 108.80 111.48 70.56 86.56
6/30/2013 110.46 110.17 66.36 84.05
7/31/2013 127.50 126.07 75.12 93.42
8/31/2013 130.81 121.65 71.39 87.82
9/30/2013 144.91 137.07 79.96 93.71
10/31/2013 150.79 141.40 87.01 102.61
11/30/2013 157.04 151.31 90.33 108.79
12/31/2013 164.24 156.45 94.36 114.07
1/31/2014 160.05 152.02 87.16 106.67
2/28/2014 173.55 164.20 96.53 116.13
3/31/2014 158.09 157.69 96.81 117.94
4/30/2014 135.52 144.46 98.83 119.55
5/31/2014 134.76 146.82 102.74 124.71
6/30/2014 152.24 162.14 106.37 129.35
7/31/2014 136.75 146.26 103.08 126.19
8/31/2014 148.01 159.99 107.55 135.23
9/30/2014 140.11 146.07 101.92 131.94
10/31/2014 152.61 161.33 103.22 137.60
11/30/2014 155.09 163.02 107.30 143.99
12/31/2014 159.07 170.82 103.95 143.38
1/31/2015 154.46 164.64 100.26 136.07
2/28/2015 173.61 183.68 111.99 149.64
3/31/2015 178.46 188.77 108.67 145.69
4/30/2015 168.56 180.28 113.57 148.05
5/31/2015 181.77 190.58 114.30 151.24
6/30/2015 188.42 194.48 109.32 146.37
7/31/2015 197.91 195.69 113.08 151.53
8/31/2015 173.44 173.28 98.98 136.36
9/30/2015 160.98 156.02 91.64 130.51
10/31/2015 170.97 170.54 106.82 149.95
11/30/2015 175.25 180.46 105.79 150.70
12/31/2015 164.81 167.08 102.18 146.74
1/31/2016 139.60 138.14 90.08 134.50
2/29/2016 134.85 136.46 88.67 134.18
3/31/2016 149.60 154.57 101.47 150.07
4/30/2016 153.71 157.11 104.66 151.04
5/31/2016 160.66 164.04 105.81 155.55
6/30/2016 166.69 162.82 103.50 156.21
7/31/2016 177.89 180.01 112.10 165.66
8/31/2016 178.99 182.98 112.28 166.03
9/30/2016 178.99 187.06 113.40 166.08
10/31/2016 164.77 169.22 109.27 161.23
11/30/2016 180.91 193.31 112.28 170.90
12/31/2016 176.70 197.31 117.36 176.25
1/31/2017 188.59 202.13 122.61 181.49
2/28/2017 195.07 209.54 128.78 192.67
3/31/2017 201.00 213.21 131.22 193.01
4/30/2017 208.44 218.98 134.64 196.02
5/31/2017 213.04 216.08 139.61 200.19
6/30/2017 216.69 226.95 140.53 202.06
7/31/2017 220.89 229.74 146.29 208.27
8/31/2017 220.30 229.35 146.63 209.22
9/30/2017 234.51 247.29 152.17 215.59
10/31/2017 247.10 252.67 156.93 222.96
11/30/2017 257.93 262.79 162.50 232.86
12/31/2017 258.07 263.21 166.05 236.56
1/31/2018 274.35 277.37 180.10 255.83
2/28/2018 268.97 266.62 168.50 242.72
3/31/2018 272.79 271.56 162.64 234.01
4/30/2018 271.02 271.92 165.66 235.29
5/31/2018 300.35 295.34 167.33 243.37
6/30/2018 301.09 298.43 167.20 245.48
7/31/2018 307.28 305.28 175.54 258.34
8/31/2018 342.34 330.52 178.95 270.01
9/30/2018 338.49 320.44 180.51 272.12
10/31/2018 286.57 267.24 159.91 246.68

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.

$ per share as of 11/20/2018

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

(36.3% of assets as of 10/31/2018)


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 94.6% 100.0% -5.3%
Canada 0.8% 0.0% 0.8%
Developed Markets Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Americas 95.4% 100.0% -4.6%
Equity Sector Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Health Care 26.3% 26.4% -0.1%
Information Technology 20.6% 17.2% 3.4%
Consumer Discretionary 19.3% 15.0% 4.3%
Industrials 14.8% 18.0% -3.2%
Financials 7.3% 7.5% -0.2%
Materials 3.2% 3.8% -0.5%
Energy 2.0% 2.2% -0.2%
Consumer Staples 1.3% 3.1% -1.8%
Communication Services 0.5% 3.6% -3.1%
Industry Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Software 14.5% 8.9% 5.7%
Health Care Equipment & Supplies 13.5% 6.6% 6.9%
Hotels Restaurants & Leisure 6.7% 4.6% 2.1%
Biotechnology 4.8% 11.1% -6.4%
Aerospace & Defense 4.6% 1.2% 3.4%
Life Sciences Tools & Services 3.6% 0.6% 2.9%
Machinery 3.5% 4.7% -1.2%
Specialty Retail 3.3% 3.1% 0.3%
Diversified Consumer Services 2.4% 1.1% 1.3%
Health Care Providers & Services 2.4% 2.9% -0.5%
Chemicals 2.4% 2.4% 0.0%
Multiline Retail 2.3% 0.5% 1.8%
Insurance 2.1% 1.6% 0.5%
Oil Gas & Consumable Fuels 2.0% 1.6% 0.5%
Banks 1.9% 2.7% -0.9%
Consumer Finance 1.9% 0.8% 1.1%
Building Products 1.8% 2.0% -0.2%
Internet Software & Services 1.8% 0.5% 1.3%
Semiconductors & Semiconductor Equipment 1.8% 3.2% -1.4%
Professional Services 1.8% 2.0% -0.1%
Asset Allocation Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Equity 95.4% 100.0% -4.6%
Market Cap Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Mid 59.3% 18.2% 41.0%
Small 36.1% 81.8% -45.6%
Analytics
(As of 10/31/2018)

Morningstar 10/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
591
Category
Small Growth
Analyst Rating (as of 7/19/18)
Silver
Performance Statistics
3Y
5Y
Alpha
3.07
1.12
Beta
0.87
0.92
Information Ratio
0.38
0.09
R-Squared
88.06
88.13
Sharpe Ratio
0.85
0.62
Standard Deviation
14.28
15.11
Upside Capture
91.89
95.54
Downside Capture
74.24
90.97
Sortino Ratio
1.24
0.90
Win Ratio
53.00
52.00
Loss Ratio
47.00
48.00
Tracking Error
5.34
5.35
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$4.31 B
$2.37 B
Median Market Cap (weighted)
$4.29 B
$2.19 B
P/E Ratio (LTM)
49.54
34.31
P/E Ratio (NTM)
32.32
23.20
Price/Book
5.72
4.09
Return on Equity
2.71%
8.94%
EPS Growth Rate 5Y
27.66%
-
Sales Growth Rate 5Y
17.40%
-
Turnover Ratio
107%
-
Active Share
84.38%
-
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
12/5/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$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. 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. 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.
  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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