Spoof Access

×
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
  • A
(as of 05/18/2018)
$24.05
Total Assets
(as of 04/30/2018)
$265.12 MM
Gross Expense Ratio
(as of 04/30/2018)
0.71%
Net Expense Ratio
(as of 04/30/2018)
0.70%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2018
  • B
as of 03/31/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr since inception
Dividend Opportunity Fund (NAV)
-1.41% -2.15% -2.15% 8.52% 8.11% 6.95%
Russell 3000® Value Index
-1.54% -2.82% -2.82% 6.81% 7.87% -
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-04-30
  • C
1 yr 3 yr since inception
Dividend Opportunity Fund (NAV)
1.37% -4.12% -0.81% 9.76% 7.80% 7.19%
Russell 3000® Value Index
0.43% -5.85% -2.40% 7.42% 7.78% -
Gross Expense Ratio: 0.71% | Net Expense Ratio: 0.70%

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%

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
4/30/2015 0.00 0.00 0.00 0.00
5/31/2015 0.92 1.17 0.34 1.29
6/30/2015 -1.82 -0.68 -1.99 -0.67
7/31/2015 -0.02 -0.51 -0.23 1.41
8/31/2015 -5.22 -6.35 -6.83 -4.71
9/30/2015 -7.77 -9.21 -10.27 -7.07
10/31/2015 -1.31 -2.50 -3.16 0.77
11/30/2015 -1.56 -1.94 -3.64 1.07
12/31/2015 -3.70 -4.30 -5.33 -0.53
1/31/2016 -7.45 -9.36 -11.00 -5.46
2/29/2016 -8.09 -9.33 -11.66 -5.59
3/31/2016 -1.79 -2.72 -5.66 0.82
4/30/2016 0.20 -0.68 -4.17 1.21
5/31/2016 0.74 0.88 -3.63 3.02
6/30/2016 1.77 1.72 -4.71 3.29
7/31/2016 5.12 4.86 -0.69 7.10
8/31/2016 5.28 5.80 -0.60 7.25
9/30/2016 5.66 5.66 -0.08 7.27
10/31/2016 4.10 3.88 -2.01 5.31
11/30/2016 8.33 10.41 -0.60 9.21
12/31/2016 9.90 13.31 1.78 11.37
1/31/2017 10.76 13.99 4.23 13.48
2/28/2017 14.08 17.89 7.13 17.99
3/31/2017 13.88 16.70 8.27 18.13
4/30/2017 14.13 16.54 9.87 19.34
5/31/2017 14.54 16.14 12.19 21.02
6/30/2017 15.95 18.20 12.63 21.78
7/31/2017 17.34 19.71 15.32 24.28
8/31/2017 16.05 18.21 15.48 24.66
9/30/2017 19.28 22.06 18.07 27.23
10/31/2017 21.52 22.90 20.31 30.20
11/30/2017 23.81 26.64 22.91 34.19
12/31/2017 26.29 28.26 24.58 35.69
1/31/2018 30.65 32.97 31.15 43.45
2/28/2018 25.35 26.60 25.72 38.17
3/31/2018 23.58 0.00 22.98 34.66
4/30/2018 25.27 25.19 24.39 35.17
Date Dividends
6/16/2015 0.1548
9/22/2015 0.1545
12/1/2015 0.1457
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

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 05/18/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date

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

Portfolio

Top Issuers

(48.5% of assets as of 04/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
United States 71.4% 99.8% -28.4%
United Kingdom 9.6% 0.0% 9.6%
Japan 5.4% - -
Canada 2.4% 0.0% 2.4%
Spain 1.6% - -
Portugal 1.5% - -
Italy 1.5% - -
Australia 1.0% - -
Netherlands 1.0% 0.1% 0.9%
Switzerland 0.7% - -
Denmark 0.6% - -
Germany 0.6% - -
Developed Markets Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Americas 73.8% 99.8% -26.0%
Europe 17.0% 0.2% 16.9%
Asia Pacific 6.4% - -
Equity Sector Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Financials 19.8% 27.2% -7.4%
Energy 14.1% 11.4% 2.8%
Information Technology 11.9% 9.0% 2.9%
Industrials 10.8% 8.3% 2.5%
Consumer Discretionary 7.4% 7.0% 0.4%
Utilities 7.3% 6.0% 1.3%
Consumer Staples 7.3% 7.3% 0.1%
Health Care 7.3% 13.2% -5.9%
Telecommunication Services 3.8% 2.6% 1.3%
Materials 3.7% 3.0% 0.7%
Real Estate 3.6% 5.0% -1.4%
Industry Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Banks 15.5% 13.3% 2.2%
Oil Gas & Consumable Fuels 14.1% 9.9% 4.2%
Electric Utilities 6.0% 3.5% 2.6%
Pharmaceuticals 5.7% 6.1% -0.4%
Diversified Telecommunication Services 3.8% 2.5% 1.4%
Aerospace & Defense 3.8% 2.0% 1.8%
Equity Real Estate Investment Trusts (REITs) 3.6% 4.8% -1.2%
Software 3.6% 1.3% 2.2%
Communications Equipment 3.6% 2.1% 1.5%
Semiconductors & Semiconductor Equipment 3.5% 3.0% 0.6%
Beverages 3.5% 0.6% 2.9%
Hotels Restaurants & Leisure 3.4% 0.8% 2.6%
Trading Companies & Distributors 2.4% 0.2% 2.2%
Capital Markets 2.3% 4.1% -1.8%
Automobiles 2.0% 0.7% 1.2%
Metals & Mining 1.9% 0.9% 1.1%
Tobacco 1.5% 0.9% 0.6%
Food & Staples Retailing 1.5% 2.1% -0.6%
Multi-Utilities 1.3% 1.8% -0.5%
Electrical Equipment 1.3% 0.7% 0.5%
Asset Allocation Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Equity 97.2% 100.0% -2.8%
Market Cap Dividend Opportunity Fund Russell 3000® Value Index Overweight / Underweight
Large 83.2% 74.0% 9.2%
Mid 8.9% 19.0% -10.1%
Small 5.1% 7.0% -1.9%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1081
Category
Large Value
Performance Statistics
3Y
Alpha
1.01
Beta
0.85
Information Ratio
0.01
R-Squared
93.69
Sharpe Ratio
0.79
Standard Deviation
9.24
Upside Capture
89.43
Downside Capture
81.65
Sortino Ratio
0.40
Win Ratio
53.00
Loss Ratio
47.00
Tracking Error
2.80
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
3/20/2018
Per Share ($)
$0.1539
12-Month Distribution ($)
$0.6411
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$130.20 B
$110.60 B
Median Market Cap (weighted)
$90.00 B
$55.10 B
P/E Ratio (LTM)
16.06
18.61
P/E Ratio (NTM)
14.20
14.57
Price/Book
2.09
1.98
Return on Equity
13.58%
10.92%
Turnover Ratio
64.00%
-
Active Share
76.62%
-
Yields
Dividend Yield (w/o sales charge)
2.61%
Standardized Yield
2.66%
Distribution Sources
  • D
Net Income
92.40%
Net Profit from Sale
0.00%
Other Capital Sources
7.60%
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. Special Risks:  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. 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.
  4. 4. 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.
  5. 5. Access index definitions.
  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. A. 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. B. 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.
  11. C. "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. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  13. 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.

×
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )