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OPGIX

Global Opportunities Fund

Overview

The Strategy typically invests opportunistically in both U.S. and foreign stocks.

Inception Date
October 22, 1990
Investment Style
Global Opportunity
Fund Index
MSCI ACWI
CUSIP
683943104
NAV
  • A
(as of 10/15/2018)
$66.26
Total Assets
(as of 09/30/2018)
$9.81 BN
Gross Expense Ratio
(as of 09/30/2018)
1.17%
Net Expense Ratio
(as of 09/30/2018)
1.17%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 09/30/2018
  • E
as of 09/30/2018
  • E

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • E
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
9.44% 25.09% 28.38% 17.02% 15.82% 12.65%
MSCI ACWI
3.83% 9.77% 13.40% 8.67% 8.19% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (with sales charge)
3.15% 17.89% 25.87% 15.64% 15.14% 12.42%
MSCI ACWI
3.83% 9.77% 13.40% 8.67% 8.19% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (NAV)
9.44% 25.09% 28.38% 17.02% 15.82% 12.65%
MSCI ACWI
3.83% 9.77% 13.40% 8.67% 8.19% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Opportunities Fund (with sales charge)
3.15% 17.89% 25.87% 15.64% 15.14% 12.42%
MSCI ACWI
3.83% 9.77% 13.40% 8.67% 8.19% -
Gross Expense Ratio: 1.17% | Net Expense Ratio: 1.17%

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.


Year Global Opportunities Fund MSCI ACWI
1991 15.00% -
1992 -6.18% -
1993 39.49% -
1994 -4.70% -
1995 17.37% -
1996 15.31% -
1997 28.25% -
1998 12.83% -
1999 86.57% -
2000 -4.22% -
2001 -16.32% -16.21%
2002 -26.99% -19.32%
2003 57.25% 33.99%
2004 29.88% 15.23%
2005 17.43% 10.84%
2006 11.00% 20.95%
2007 3.58% 11.66%
2008 -41.92% -42.19%
2009 75.79% 34.63%
2010 12.63% 12.67%
2011 -9.24% -7.35%
2012 10.28% 16.13%
2013 40.68% 22.80%
2014 -3.46% 4.16%
2015 13.93% -2.36%
2016 10.70% 7.86%
2017 52.52% 23.97%

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.


Date Global Opportunities Fund MSCI ACWI S&P 500
9/30/2008 0.00 0.00 0.00
10/31/2008 -18.87 -19.82 -16.79
11/30/2008 -27.73 -25.08 -22.77
12/31/2008 -23.28 -22.37 -21.94
1/31/2009 -28.63 -29.00 -28.52
2/28/2009 -32.71 -35.95 -36.13
3/31/2009 -24.12 -30.68 -30.54
4/30/2009 -11.85 -22.49 -23.89
5/31/2009 3.32 -14.77 -19.63
6/30/2009 1.70 -15.25 -19.47
7/31/2009 6.76 -7.79 -13.38
8/31/2009 14.17 -4.49 -10.26
9/30/2009 23.74 -0.11 -6.91
10/31/2009 15.10 -1.65 -8.64
11/30/2009 25.70 2.39 -3.16
12/31/2009 35.31 4.51 -1.29
1/31/2010 31.68 0.00 -4.84
2/28/2010 32.49 1.27 -1.89
3/31/2010 42.68 7.78 4.03
4/30/2010 43.59 7.97 5.67
5/31/2010 33.60 -2.27 -2.76
6/30/2010 27.80 -5.28 -7.85
7/31/2010 38.09 2.43 -1.40
8/31/2010 27.39 -1.15 -5.85
9/30/2010 42.28 8.30 2.55
10/31/2010 47.02 12.22 6.45
11/30/2010 43.28 9.72 6.47
12/31/2010 52.84 17.75 13.58
1/31/2011 51.00 19.60 16.28
2/28/2011 57.64 23.09 20.26
3/31/2011 55.85 22.96 20.31
4/30/2011 67.60 27.99 23.87
5/31/2011 65.35 25.24 22.47
6/30/2011 59.02 23.27 20.43
7/31/2011 55.24 21.26 17.98
8/31/2011 51.20 12.40 11.57
9/30/2011 35.01 1.79 3.73
10/31/2011 47.37 12.70 15.06
11/30/2011 41.09 9.32 14.81
12/31/2011 39.11 9.10 15.98
1/31/2012 51.63 15.45 21.18
2/29/2012 59.73 21.25 26.42
3/31/2012 64.62 22.06 30.58
4/30/2012 57.77 20.66 29.76
5/31/2012 42.31 9.85 21.96
6/30/2012 49.06 15.27 26.99
7/31/2012 46.53 16.85 28.75
8/31/2012 50.19 19.39 31.65
9/30/2012 54.83 23.15 35.05
10/31/2012 49.11 22.33 32.56
11/30/2012 48.95 23.89 33.33
12/31/2012 53.84 26.70 34.54
1/31/2013 60.53 32.54 41.51
2/28/2013 57.55 32.52 43.43
3/31/2013 65.19 34.94 48.81
4/30/2013 67.44 38.79 51.68
5/31/2013 73.55 38.41 55.23
6/30/2013 74.23 34.37 53.14
7/31/2013 83.91 40.80 60.94
8/31/2013 85.79 37.87 56.27
9/30/2013 100.80 44.99 61.18
10/31/2013 99.91 50.81 68.58
11/30/2013 112.09 52.95 73.72
12/31/2013 117.01 55.59 78.12
1/31/2014 117.79 49.37 71.96
2/28/2014 129.56 56.58 79.83
3/31/2014 120.25 57.28 81.34
4/30/2014 109.43 58.77 82.68
5/31/2014 112.56 62.15 86.97
6/30/2014 120.09 65.21 90.83
7/31/2014 103.78 63.20 88.20
8/31/2014 115.70 66.81 95.73
9/30/2014 104.30 61.40 92.98
10/31/2014 107.18 62.53 97.70
11/30/2014 114.50 65.25 103.01
12/31/2014 110.01 62.06 102.50
1/31/2015 109.53 59.53 96.42
2/28/2015 119.47 68.41 107.71
3/31/2015 113.68 65.80 104.43
4/30/2015 109.95 70.61 106.39
5/31/2015 120.73 70.39 109.04
6/30/2015 124.57 66.38 104.99
7/31/2015 128.98 67.82 109.29
8/31/2015 112.95 56.32 96.66
9/30/2015 109.32 50.66 91.80
10/31/2015 119.05 62.48 107.98
11/30/2015 138.92 61.14 108.59
12/31/2015 139.87 58.23 105.30
1/31/2016 113.08 48.69 95.12
2/29/2016 108.57 47.67 94.85
3/31/2016 129.37 58.61 108.07
4/30/2016 138.87 60.95 108.88
5/31/2016 149.16 61.15 112.63
6/30/2016 138.49 60.18 113.18
7/31/2016 159.88 67.08 121.04
8/31/2016 164.17 67.64 121.35
9/30/2016 172.08 68.67 121.39
10/31/2016 152.98 65.81 117.35
11/30/2016 159.13 67.07 125.40
12/31/2016 166.15 70.68 129.86
1/31/2017 176.35 75.34 134.22
2/28/2017 188.28 80.26 143.52
3/31/2017 215.46 82.47 143.80
4/30/2017 220.40 85.31 146.31
5/31/2017 235.19 89.40 149.77
6/30/2017 232.44 90.26 151.33
7/31/2017 247.41 95.58 156.50
8/31/2017 241.96 96.33 157.28
9/30/2017 255.84 100.12 162.59
10/31/2017 261.40 104.28 168.72
11/30/2017 304.06 108.23 176.96
12/31/2017 307.02 111.59 180.04
1/31/2018 350.69 123.53 196.07
2/28/2018 337.31 114.14 185.16
3/31/2018 345.41 109.56 177.91
4/30/2018 325.28 111.56 178.98
5/31/2018 336.78 111.82 185.70
6/30/2018 316.30 110.67 187.46
7/31/2018 325.98 117.03 198.15
8/31/2018 352.45 118.73 207.87
9/30/2018 346.23 119.68 209.62

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.

$ per share as of 10/16/2018

Date 2013 2014 2015 2016 2017
Short Term 0.3151 0.1334
Long Term 0.2496 3.1737 1.4556
Total Amount of Distribution 0.2496 3.4888 1.5891
Record Date 12/10/15 12/8/16 12/6/17
Ex Div Date 12/11/15 12/9/16 12/7/17
Pay Date 12/11/15 12/9/16 12/7/17

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

Portfolio

Top Issuers

(38.5% of assets as of 09/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Global Opportunities Fund MSCI ACWI Overweight / Underweight
United States 45.7% 55.1% -9.5%
United Kingdom 10.4% 5.4% 5.1%
Japan 10.3% 7.6% 2.7%
Germany 6.5% 2.9% 3.6%
France 5.1% 3.5% 1.7%
Denmark 4.1% 0.5% 3.6%
Sweden 3.5% 0.8% 2.6%
Italy 2.6% 0.7% 1.9%
Spain 2.0% 0.9% 1.1%
Norway 1.7% 0.2% 1.5%
Belgium 1.3% 0.3% 1.0%
Finland 1.2% 0.3% 0.9%
Canada 0.5% 3.0% -2.5%
China 0.5% 3.4% -2.9%
Portugal 0.3% 0.0% 0.3%
New Zealand 0.3% 0.1% 0.2%
Argentina 0.2% - -
Netherlands 0.1% 1.0% -0.9%
Developed Markets Global Opportunities Fund MSCI ACWI Overweight / Underweight
Americas 46.1% 58.1% -12.0%
Europe 38.9% 19.5% 19.5%
Asia Pacific 10.6% 11.2% -0.6%
Emerging Markets Global Opportunities Fund MSCI ACWI Overweight / Underweight
Asia Pacific 0.5% 8.3% -7.8%
Americas 0.2% 1.3% -1.1%
Equity Sector Global Opportunities Fund MSCI ACWI Overweight / Underweight
Information Technology 34.1% 15.7% 18.4%
Health Care 26.6% 11.8% 14.8%
Industrials 12.1% 10.7% 1.4%
Consumer Discretionary 11.2% 10.5% 0.7%
Communication Services 5.1% 8.9% -3.7%
Materials 3.4% 5.0% -1.7%
Consumer Staples 3.4% 7.9% -4.5%
Financials 1.7% 17.1% -15.4%
Real Estate 1.0% 2.8% -1.9%
Broad Market -2.0% - -
Industry Global Opportunities Fund MSCI ACWI Overweight / Underweight
Semiconductors & Semiconductor Equipment 14.4% 3.2% 11.3%
Software 9.6% 3.9% 5.8%
Pharmaceuticals 9.4% 5.1% 4.3%
Biotechnology 7.7% 1.8% 5.9%
Electronic Equipment Instruments & Components 6.2% 1.1% 5.1%
Health Care Equipment & Supplies 4.9% 2.3% 2.7%
Internet & Direct Marketing Retail 3.9% 2.7% 1.2%
Life Sciences Tools & Services 3.2% 0.6% 2.6%
Machinery 3.1% 1.8% 1.3%
Aerospace & Defense 2.8% 2.0% 0.8%
Entertainment 2.4% 1.4% 0.9%
Electrical Equipment 2.3% 0.8% 1.5%
Household Durables 2.2% 0.6% 1.5%
Chemicals 2.2% 2.6% -0.4%
Technology Hardware Storage & Peripherals 1.8% 3.4% -1.6%
Hotels Restaurants & Leisure 1.5% 1.6% -0.1%
IT Services 1.5% 3.2% -1.7%
Food Products 1.5% 1.7% -0.2%
Textiles Apparel & Luxury Goods 1.5% 1.2% 0.3%
Media 1.4% 1.3% 0.1%
Asset Allocation Global Opportunities Fund MSCI ACWI Overweight / Underweight
Equity 96.4% 100.0% -3.6%
Net Cash and Equivalents 3.6% - -
Market Cap Global Opportunities Fund MSCI ACWI Overweight / Underweight
Mid 43.8% 12.3% 31.5%
Small 27.7% 0.1% 27.6%
Large 26.9% 87.5% -60.6%
Analytics
(As of 09/30/2018)

Morningstar 09/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
114
Category
World Small/Mid Stock
Performance Statistics
3Y
5Y
Alpha
10.42
7.60
Beta
1.27
1.09
Information Ratio
1.13
0.66
R-Squared
45.40
41.65
Sharpe Ratio
1.46
1.00
Standard Deviation
17.67
16.55
Upside Capture
173.87
139.56
Downside Capture
120.05
93.61
Sortino Ratio
2.77
1.75
Tracking Error
13.30
12.66
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$15.09 B
$158.30 B
Median Market Cap (weighted)
$7.53 B
$57.31 B
P/E Ratio (NTM)
32.49
15.21
P/E Ratio (LTM)
23.52
18.45
Price/Book
4.35
2.50
Return on Equity
10.89%
16.57%
EPS Growth Rate 3Y
13.14%
10.01%
EPS Growth Rate 5Y
14.91%
8.40%
Sales Growth Rate 3Y
8.01%
-
Sales Growth Rate 5Y
8.91%
-
Turnover Ratio
18%
-
Active Share
97.29%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/7/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Distribution Sources
  • D
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Documents
  1. 1. 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. Eurozone investments may be subject to volatility and liquidity issues. Investments in securities of growth companies may be volatile. 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. 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. Below-investment-grade (“high yield” or “junk”) bonds are more at risk of default and are subject to liquidity risk. Diversification does not guarantee profit or protect against loss.
  2. 2. Lipper Awards are granted annually to the funds in each Lipper classification that achieve the highest score for Consistent Return, a measure of funds' historical risk-adjusted returns, measured in local currency, relative to peers. Winners are selected using the Lipper Leader rating for Consistent Return for funds with at least 36 months of performance history as of 11/30/16. Awards are presented for the highest Lipper Leader for Consistent Return within each eligible classification over 3, 5 or 10 years. Other share classes may have different performance and expense characteristics. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Lipper awards are not intended to predict future results. Licensee shall provide a conspicuous credit notice as follows: From Thomson Reuters Lipper Awards, © 2018 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.
  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 MSCI® ACWI is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. 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. 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. 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.
  8. B. 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.
  9. 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.
  10. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  11. E. 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.
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