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OYEIX

Equity Income Fund

Overview

The strategy typically invests in larger-cap, dividend-paying stocks.

Inception Date
February 28, 2011
Investment Style
Equity Income
Fund Index
Russell 1000® Value Index
CUSIP
68381A509
NAV
  • B
(as of 05/22/2019)
$29.34
Total Assets
(as of 04/30/2019)
$3.03 BN
Gross Expense Ratio
(as of 04/30/2019)
0.79%
Net Expense Ratio
(as of 04/30/2019)
0.79%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2019
  • C
as of 03/31/2019
  • C

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2019-03-31
  • D
1 yr 3 yr 5 yr since inception
Equity Income Fund (NAV)
11.24% 11.24% 3.07% 9.34% 4.85% 7.68%
Russell 1000® Value Index
11.93% 11.93% 5.67% 10.45% 7.72% -
Cumulative
Annualized
3 mo ytd as of 2019-04-30
  • D
1 yr 3 yr 5 yr since inception
Equity Income Fund (NAV)
5.84% 14.70% 5.88% 9.94% 5.31% 8.01%
Russell 1000® Value Index
7.53% 15.90% 9.06% 10.97% 8.27% -
Gross Expense Ratio: 0.79% | Net Expense Ratio: 0.79%

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.


Year Equity Income Fund Russell 1000® Value Index
2012 19.53% 17.51%
2013 31.98% 32.53%
2014 10.35% 13.45%
2015 -9.61% -3.83%
2016 14.95% 17.34%
2017 12.86% 13.66%
2018 -10.25% -8.27%

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.


Date Equity Income Fund Russell 1000® Value Index MSCI World S&P 500
4/30/2014 0.00 0.00 0.00 0.00
5/31/2014 1.84 1.46 1.97 2.35
6/30/2014 5.22 4.11 3.79 4.46
7/31/2014 3.62 2.34 2.14 3.02
8/31/2014 7.85 6.10 4.39 7.14
9/30/2014 3.87 3.91 1.55 5.64
10/31/2014 5.66 6.25 2.21 8.22
11/30/2014 7.80 8.42 4.26 11.13
12/31/2014 7.32 9.09 2.58 10.85
1/31/2015 2.40 4.73 0.72 7.52
2/28/2015 9.05 9.80 6.62 13.70
3/31/2015 8.50 8.30 4.95 11.90
4/30/2015 10.21 9.31 7.41 12.98
5/31/2015 10.82 10.63 7.78 14.43
6/30/2015 7.29 8.42 5.28 12.22
7/31/2015 6.64 8.89 7.16 14.57
8/31/2015 1.47 2.41 0.07 7.65
9/30/2015 -4.21 -0.68 -3.62 4.99
10/31/2015 2.25 6.81 4.02 13.85
11/30/2015 1.84 7.22 3.50 14.19
12/31/2015 -2.99 4.91 1.68 12.38
1/31/2016 -10.36 -0.51 -4.40 6.81
2/29/2016 -10.58 -0.53 -5.11 6.66
3/31/2016 -3.88 6.63 1.33 13.90
4/30/2016 -2.51 8.87 2.93 14.34
5/31/2016 -1.56 10.56 3.51 16.39
6/30/2016 -2.91 11.52 2.35 16.70
7/31/2016 1.87 14.76 6.67 21.00
8/31/2016 3.80 15.64 6.76 21.17
9/30/2016 3.45 15.40 7.33 21.19
10/31/2016 3.00 13.62 5.25 18.98
11/30/2016 8.30 20.10 6.77 23.39
12/31/2016 11.51 23.11 9.32 25.83
1/31/2017 12.49 23.98 11.96 28.21
2/28/2017 16.22 28.44 15.06 33.30
3/31/2017 14.86 27.13 16.29 33.46
4/30/2017 14.83 26.89 18.01 34.83
5/31/2017 13.80 26.77 20.51 36.73
6/30/2017 16.31 28.84 20.97 37.58
7/31/2017 18.71 30.55 23.87 40.41
8/31/2017 16.54 29.03 24.04 40.84
9/30/2017 20.01 32.85 26.83 43.74
10/31/2017 22.00 33.82 29.22 47.10
11/30/2017 23.88 37.91 32.02 51.61
12/31/2017 25.85 39.93 33.81 53.30
1/31/2018 30.25 45.34 40.87 62.07
2/28/2018 24.60 38.40 35.04 56.10
3/31/2018 21.89 35.96 32.09 52.13
4/30/2018 22.36 36.41 33.61 52.72
5/31/2018 23.34 37.22 34.45 56.39
6/30/2018 22.89 37.56 34.38 57.36
7/31/2018 27.21 43.01 38.58 63.21
8/31/2018 28.63 45.12 40.30 68.53
9/30/2018 29.39 45.41 41.08 69.49
10/31/2018 22.51 37.88 30.72 57.90
11/30/2018 24.88 41.99 32.20 61.12
12/31/2018 12.94 28.36 22.15 46.57
1/31/2019 22.40 38.35 31.66 58.32
2/28/2019 25.19 42.77 35.61 63.40
3/31/2019 25.63 43.68 37.40 66.58
4/30/2019 29.55 48.77 42.27 73.32
Date Dividends
6/20/2014 0.1453
9/19/2014 0.206
12/9/2014 0.2696
3/19/2015 0.1733
6/18/2015 0.1971
9/24/2015 0.2479
12/8/2015 0.5257
3/24/2016 0.1462
6/23/2016 0.1548
9/22/2016 0.1955
12/12/2016 0.2313
3/23/2017 0.1483
6/22/2017 0.2012
9/21/2017 0.1901
12/11/2017 0.3028
3/22/2018 0.1239
6/21/2018 0.166
9/20/2018 0.207
12/10/2018 0.1962
3/21/2019 0.1345

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 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.

$ per share as of 05/23/2019

Date 2014 2015 2016 2017 2018
Short Term 0.7101 0.4129 0.1021
Long Term 1.0410 1.0579 0.1331 2.0987
Total Amount of Distribution 1.7510 1.4708 0.2352 2.0987
Record Date 12/8/14 12/7/15 12/8/17 12/7/18
Ex Div Date 12/9/14 12/8/15 12/11/17 12/10/18
Pay Date 12/9/14 12/8/15 12/11/17 12/10/18

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

Portfolio

Top Holdings

(49.7% of assets as of 04/30/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 7
Country Equity Income Fund Russell 1000® Value Index Overweight / Underweight
United States 88.3% 99.6% -11.3%
United Kingdom 4.6% - -
Canada 2.3% - -
Switzerland 0.8% - -
Taiwan 0.5% - -
Developed Markets Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Americas 90.7% 99.6% -9.0%
Europe 5.4% 0.3% 5.1%
Emerging Markets Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Asia Pacific 0.5% 0.1% 0.4%
Equity Sector Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Financials 19.8% 22.8% -3.0%
Information Technology 11.9% 10.0% 1.9%
Health Care 11.8% 14.5% -2.7%
Energy 11.7% 9.3% 2.4%
Consumer Staples 9.7% 7.8% 1.9%
Communication Services 7.1% 6.9% 0.1%
Industrials 6.9% 8.0% -1.1%
Consumer Discretionary 6.8% 5.3% 1.5%
Real Estate 4.7% 5.0% -0.3%
Materials 3.2% 4.0% -0.9%
Utilities 3.0% 6.3% -3.3%
Industry Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Oil Gas & Consumable Fuels 11.2% 8.6% 2.6%
Banks 11.0% 11.2% -0.1%
Diversified Telecommunication Services 5.8% 3.5% 2.2%
Pharmaceuticals 5.5% 6.6% -1.1%
Equity Real Estate Investment Trusts (REITs) 4.7% 4.9% -0.2%
Capital Markets 4.4% 3.2% 1.2%
Health Care Equipment & Supplies 4.0% 4.0% 0.0%
Communications Equipment 4.0% 2.2% 1.8%
Semiconductors & Semiconductor Equipment 3.3% 3.7% -0.5%
Insurance 3.0% 4.3% -1.3%
Electric Utilities 3.0% 3.7% -0.7%
Beverages 2.9% 0.5% 2.3%
Software 2.8% 1.6% 1.1%
Household Products 2.3% 2.4% -0.2%
Multiline Retail 2.2% 0.6% 1.6%
Tobacco 2.2% 1.0% 1.2%
Automobiles 2.0% 0.7% 1.2%
Electrical Equipment 2.0% 0.6% 1.3%
Chemicals 2.0% 2.8% -0.8%
IT Services 1.6% 1.2% 0.4%
Asset Allocation Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Equity 96.6% 100.0% -3.4%
Market Cap Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Large 86.1% 78.3% 7.9%
Mid 9.3% 20.7% -11.4%
Small 1.2% 1.0% 0.1%
Analytics
(As of 04/30/2019)

Morningstar 04/30/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
1114
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-0.74
-3.04
Beta
0.98
1.05
Information Ratio
-0.38
-0.90
R-Squared
93.79
92.85
Sharpe Ratio
0.81
0.42
Standard Deviation
10.85
12.13
Upside Capture
96.04
95.89
Downside Capture
102.02
118.15
Sortino Ratio
1.20
0.61
Win Ratio
47.00
43.00
Loss Ratio
53.00
57.00
Tracking Error
2.72
3.29
Yields
Dividend Yield (w/o sales charge)
1.83%
Standardized Yield
2.28%
Unsubsidized Yield
2.27%
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$149.69 B
$129.90 B
Median Market Cap (weighted)
$110.62 B
$66.53 B
P/E Ratio (LTM)
15.31
16.89
P/E Ratio (NTM)
13.60
14.57
Price/Book
2.09
2.12
Debt to Capital Ratio
51.51
46.69
Turnover Ratio
104%
-
Active Share
67.33%
-
Dividends
  • E
Est. Frequency
Quarterly
Last Pay Date
3/21/2019
Per Share ($)
$0.1345
12-Month Distribution ($)
$0.7037
Distribution Sources
  • E
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents
  1. 1. On August 1, 2007, the Fund's investment objective changed from “seeks capital appreciation" to “seeks total return.” Performance prior to August 1, 2007 is not indicative of performance for any subsequent periods.
  2. 2. Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. 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. 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. Diversification does not guarantee profit or protect against loss.
  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 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 companies with lower price-to-book ratios and lower expected growth values. The index is unmanaged, includes the reinvestment of dividends 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. Top Holdings represent stock holdings only and do not include cash and cash equivalents or fixed income holdings.
  7. 7. 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.
  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. 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>
  10. 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.
  11. 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.
  12. 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.
  13. E. There is no guarantee of the payment of any dividend or other distributions at any level.
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