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OSVIX

Dividend Opportunity Fund

Overview

The Strategy typically invests in dividend-paying value stocks.

Inception Date
August 28, 2014
Investment Style
Dividend Value
Fund Index
Russell 3000® Value Index
CUSIP
68382H602
NAV
  • B
(as of 03/21/2019)
$23.34
Total Assets
(as of 02/28/2019)
$258.41 MM
Gross Expense Ratio
(as of 02/28/2019)
0.71%
Net Expense Ratio
(as of 02/28/2019)
0.71%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 02/28/2019
  • G
as of 12/31/2018
  • G

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (NAV)
-8.49% -8.49% 6.27% - - 4.10%
Russell 3000® Value Index
-8.58% -8.58% 7.01% 5.77% 11.12% -
Cumulative
Annualized
ytd as of 2019-02-28
  • D
1 yr 3 yr 5 yr 10 yr since inception
Dividend Opportunity Fund (NAV)
10.42% 1.81% 11.57% - - 6.27%
Russell 3000® Value Index
11.50% 3.28% 12.98% 7.97% 15.40% -
Gross Expense Ratio: 0.71% | Net Expense Ratio: 0.71%

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 Dividend Opportunity Fund Russell 3000® Value Index
2015 0.79% -4.13%
2016 14.12% 18.40%
2017 14.92% 13.19%
2018 -8.49% -8.58%

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 Dividend Opportunity Fund Russell 3000® Value Index MSCI World S&P 500
2/28/2009 0.00 0.00 0.00 0.00
3/31/2009 9.82 8.58 7.54 8.76
4/30/2009 22.57 20.66 19.60 19.17
5/31/2009 32.16 27.72 30.44 25.83
6/30/2009 33.45 26.83 29.85 26.08
7/31/2009 43.39 37.54 40.85 35.62
8/31/2009 52.28 44.68 46.66 40.52
9/30/2009 58.83 50.40 52.51 45.76
10/31/2009 54.39 45.36 49.79 43.05
11/30/2009 60.70 53.27 55.92 51.63
12/31/2009 63.08 56.67 58.72 54.56
1/31/2010 56.31 52.25 52.16 49.00
2/28/2010 61.53 57.23 54.30 53.62
3/31/2010 73.64 67.71 63.86 62.89
4/30/2010 76.49 72.67 63.88 65.46
5/31/2010 62.25 58.44 48.18 52.25
6/30/2010 51.92 49.11 43.10 44.28
7/31/2010 65.81 59.24 54.70 54.39
8/31/2010 55.24 52.02 48.93 47.42
9/30/2010 70.56 64.16 62.81 60.57
10/31/2010 79.22 69.20 68.88 66.68
11/30/2010 79.46 68.72 65.24 66.70
12/31/2010 95.54 82.09 77.39 77.84
1/31/2011 100.07 85.88 81.39 82.06
2/28/2011 105.79 92.94 87.74 88.30
3/31/2011 107.45 93.87 85.89 88.37
4/30/2011 114.13 98.86 93.79 93.95
5/31/2011 111.51 96.64 89.77 91.76
6/30/2011 105.19 92.54 86.77 88.56
7/31/2011 98.99 86.16 83.38 84.72
8/31/2011 80.05 74.14 70.46 74.69
9/30/2011 61.58 60.52 55.74 62.41
10/31/2011 79.93 79.26 71.85 80.16
11/30/2011 74.92 78.38 67.65 79.76
12/31/2011 75.01 81.91 67.56 81.60
1/31/2012 84.26 89.20 75.97 89.74
2/29/2012 90.27 96.36 84.56 97.94
3/31/2012 93.04 102.20 86.93 104.46
4/30/2012 88.23 100.07 84.81 103.17
5/31/2012 73.57 88.30 68.86 90.96
6/30/2012 79.58 97.62 77.46 98.83
7/31/2012 80.90 99.36 79.74 101.59
8/31/2012 85.95 103.83 84.30 106.13
9/30/2012 91.12 110.36 89.36 111.46
10/31/2012 90.52 109.20 88.08 107.56
11/30/2012 92.08 109.17 90.49 108.76
12/31/2012 96.38 113.83 94.08 110.66
1/31/2013 106.46 127.64 103.96 121.57
2/28/2013 105.98 130.85 104.30 124.58
3/31/2013 114.11 140.03 109.08 133.00
4/30/2013 117.03 143.36 115.67 137.49
5/31/2013 118.97 149.69 115.75 143.05
6/30/2013 115.45 147.58 110.43 139.79
7/31/2013 125.65 161.14 121.51 151.99
8/31/2013 117.39 151.11 116.80 144.69
9/30/2013 125.53 158.04 127.64 152.36
10/31/2013 134.39 169.11 136.55 163.96
11/30/2013 139.01 176.85 140.75 172.01
12/31/2013 143.29 183.72 145.85 178.89
1/31/2014 131.99 173.57 136.74 169.25
2/28/2014 139.44 185.46 148.59 181.57
3/31/2014 143.67 192.01 148.95 183.93
4/30/2014 147.55 193.96 151.50 186.03
5/31/2014 152.05 198.08 156.45 192.75
6/30/2014 158.09 206.28 161.04 198.79
7/31/2014 155.31 199.99 156.87 194.67
8/31/2014 161.12 211.17 162.53 206.46
9/30/2014 155.08 203.62 155.41 202.16
10/31/2014 156.86 211.52 157.06 209.54
11/30/2014 158.64 217.28 162.21 217.87
12/31/2014 156.01 219.74 157.99 217.07
1/31/2015 152.55 206.92 153.31 207.55
2/28/2015 164.33 221.72 168.15 225.23
3/31/2015 161.92 218.10 163.95 220.08
4/30/2015 167.72 220.30 170.14 223.15
5/31/2015 170.17 224.05 171.08 227.31
6/30/2015 162.81 218.11 164.77 220.97
7/31/2015 167.61 218.67 169.52 227.70
8/31/2015 153.59 199.95 151.69 207.93
9/30/2015 146.62 190.79 142.41 200.31
10/31/2015 163.89 212.28 161.61 225.64
11/30/2015 163.11 214.08 160.31 226.61
12/31/2015 157.36 206.54 155.74 221.46
1/31/2016 147.22 190.33 140.44 205.50
2/29/2016 145.50 190.41 138.65 205.09
3/31/2016 162.32 211.57 154.84 225.79
4/30/2016 167.63 218.12 158.88 227.05
5/31/2016 169.08 223.13 160.33 232.93
6/30/2016 171.71 225.80 157.41 233.79
7/31/2016 180.53 235.86 168.29 246.09
8/31/2016 181.06 238.87 168.51 246.58
9/30/2016 181.95 238.42 169.94 246.65
10/31/2016 177.78 232.74 164.71 240.32
11/30/2016 188.95 253.63 168.52 252.93
12/31/2016 193.10 262.94 174.94 259.90
1/31/2017 195.42 265.10 181.58 266.73
2/28/2017 204.26 277.59 189.39 281.29
3/31/2017 203.60 273.79 192.48 281.73
4/30/2017 204.28 273.26 196.81 285.65
5/31/2017 205.38 272.00 203.08 291.08
6/30/2017 208.99 278.61 204.25 293.52
7/31/2017 212.72 283.44 211.53 301.61
8/31/2017 209.13 278.61 211.97 302.84
9/30/2017 217.73 290.97 218.97 311.15
10/31/2017 223.56 293.63 225.00 320.75
11/30/2017 229.67 305.63 232.04 333.65
12/31/2017 236.25 310.82 236.53 338.47
1/31/2018 247.85 325.90 254.30 363.58
2/28/2018 233.74 305.49 239.62 346.49
3/31/2018 228.89 299.23 232.22 335.15
4/30/2018 233.25 300.97 236.04 336.82
5/31/2018 234.37 304.93 238.15 347.33
6/30/2018 232.80 306.06 237.98 350.09
7/31/2018 242.43 321.45 248.54 366.84
8/31/2018 243.70 327.97 252.85 382.05
9/30/2018 247.43 327.95 254.82 384.79
10/31/2018 228.77 304.59 228.76 351.66
11/30/2018 236.32 316.28 232.50 360.86
12/31/2018 207.18 275.58 207.22 319.25
1/31/2019 230.27 305.63 231.12 352.85
2/28/2019 239.04 318.79 241.08 367.39
Date Dividends
3/22/2016 0.1483
6/21/2016 0.1568
9/20/2016 0.1641
12/1/2016 0.2457
3/21/2017 0.1588
6/20/2017 0.1626
9/19/2017 0.1619
12/1/2017 0.1627
3/20/2018 0.1539
6/19/2018 0.161
9/18/2018 0.1632
12/10/2018 0.1917
3/19/2019 0.1512

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

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 03/21/2019

Date 2014 2015 2016 2017 2018
Short Term 0.0364
Long Term 0.3644
Total Amount of Distribution 0.4009
Record Date 12/7/18
Ex Div Date 12/10/18
Pay Date 12/10/18

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

Portfolio

Top Issuers

(47.3% of assets as of 02/28/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
United States 69.3% 99.7% -30.3%
United Kingdom 9.4% - -
Japan 4.1% - -
Canada 3.5% 0.0% 3.5%
Switzerland 2.0% - -
Germany 1.4% - -
Australia 1.4% - -
Netherlands 1.2% 0.2% 1.0%
Spain 0.7% - -
France 0.5% - -
Portugal 0.5% - -
Finland 0.5% - -
Italy 0.4% - -
Taiwan 0.2% - -
Developed Markets Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Americas 72.9% 99.7% -26.8%
Europe 16.6% 0.2% 16.4%
Asia Pacific 5.5% - -
Emerging Markets Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Asia Pacific 0.2% 0.1% 0.1%
Equity Sector Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Health Care 15.1% 14.4% 0.7%
Financials 14.8% 23.0% -8.2%
Energy 13.2% 9.2% 4.0%
Information Technology 10.4% 9.8% 0.6%
Consumer Staples 8.7% 7.4% 1.4%
Industrials 7.9% 8.1% -0.2%
Consumer Discretionary 6.4% 5.6% 0.8%
Communication Services 6.0% 6.8% -0.8%
Real Estate 4.3% 5.5% -1.2%
Utilities 4.3% 6.3% -2.0%
Materials 4.2% 4.0% 0.2%
Industry Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Oil Gas & Consumable Fuels 12.9% 8.3% 4.6%
Pharmaceuticals 10.8% 6.5% 4.3%
Banks 9.0% 11.6% -2.6%
Diversified Telecommunication Services 5.4% 3.4% 2.0%
Equity Real Estate Investment Trusts (REITs) 4.3% 5.3% -1.1%
Electric Utilities 4.3% 3.6% 0.7%
Communications Equipment 3.7% 2.1% 1.5%
Beverages 3.2% 0.5% 2.7%
Automobiles 2.9% 0.7% 2.2%
Capital Markets 2.7% 3.0% -0.3%
Software 2.5% 1.6% 0.9%
Metals & Mining 2.4% 0.7% 1.7%
Tobacco 2.4% 1.0% 1.4%
Health Care Providers & Services 2.2% 2.2% 0.0%
Insurance 2.1% 4.2% -2.1%
Aerospace & Defense 1.9% 1.4% 0.5%
Multiline Retail 1.7% 0.6% 1.1%
Trading Companies & Distributors 1.7% 0.2% 1.5%
Food & Staples Retailing 1.6% 1.7% -0.1%
Electronic Equipment Instruments & Components 1.5% 0.9% 0.7%
Asset Allocation Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Equity 95.2% 100.0% -4.8%
Market Cap Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Large 84.9% 74.2% 10.7%
Mid 5.4% 19.2% -13.8%
Small 4.6% 6.6% -2.0%
Analytics
(As of 02/28/2019)

Morningstar 02/28/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
1095
Category
Large Value
Performance Statistics
3Y
Alpha
0.18
Beta
0.86
Information Ratio
-0.52
R-Squared
95.37
Sharpe Ratio
1.01
Standard Deviation
10.15
Upside Capture
84.33
Downside Capture
77.73
Sortino Ratio
1.54
Win Ratio
47.00
Loss Ratio
53.00
Tracking Error
2.70
Yields
Dividend Yield (w/o sales charge)
3.46%
Standardized Yield
2.82%
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$131.47 B
$115.79 B
Median Market Cap (weighted)
$86.94 B
$56.84 B
P/E Ratio (LTM)
15.03
16.55
P/E Ratio (NTM)
12.85
14.22
Price/Book
2.12
2.03
Return on Equity
14.55%
12.51%
Turnover Ratio
63%
-
Active Share
77.38%
-
Dividends
  • E
Est. Frequency
Quarterly
Last Pay Date
3/19/2019
Per Share ($)
$0.1512
12-Month Distribution ($)
$0.6698
Distribution Sources
  • E
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents
  1. 1. Effective on 12/11/13, the Fund mainly invests in dividend paying stocks that the portfolio manager believes are undervalued.  Performance prior to 12/11/13 is not indicative of performance for any subsequent periods.
  2. 2. There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Mid-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 mid-sized company, if any gain is realized at all. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile.
  3. 3. 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.
  4. 4. The Russell 3000® Value Index measures the performance of the broad value segment of the U.S. equity universe. It includes those Russell 3000 companies with lower price-to-book ratios and lower 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.
  5. 5. 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.
  6. 6. 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.
  7. 7. The dividend (or distribution) yield is based on the pay date immediately preceding the nearest month-end or quarter-end.  The dividend yield for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date.  For the Class A dividend yield with sales charge, the annualized Class A dividend distribution is divided by the Class A maximum offering price on that date.  Each result is compounded semiannually and annualized.  Falling share prices artificially increase yields.
  8. 8. Standardized yield for each share class is based on an SEC standardized formula designed to approximate a Fund's annualized hypothetical current income from securities less expenses for the 30-day period ending and including the most recent month-end or quarter-end and either that date's maximum offering price (Class A shares) or net asset value (for other share classes).  The month-end figure is typically calculated on the fifth business day of the next month. The result is compounded semiannually and annualized.  Falling share prices artificially increase yields.
  9. 9. 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.
  10. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  11. 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.
  12. 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.
  13. 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.
  14. E. There is no guarantee of the payment of any dividend or other distributions at any level.
  15. 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.
  16. 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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