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OVSIX

Small Cap Value Fund

Overview

The Strategy primarily invests in small-capitalization value stocks.

Inception Date
December 7, 2015
Investment Style
Small Cap Value
Fund Index
Russell 2000® Value Index
CUSIP
68386A504
NAV
  • A
(as of 05/24/2018)
$13.18
Total Assets
(as of 04/30/2018)
$27.42 MM
Gross Expense Ratio
(as of 04/30/2018)
1.38%
Net Expense Ratio
(as of 04/30/2018)
0.93%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2018
as of 03/31/2018

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-03-31
  • B
1 yr since inception
Small Cap Value Fund (NAV)
1.24% -1.76% -1.76% 2.80% 10.82%
Russell 2000® Value Index
1.24% -2.64% -2.64% 5.13% 13.97%
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-04-30
  • B
1 yr since inception
Small Cap Value Fund (NAV)
0.81% -4.03% -0.96% 3.89% 10.81%
Russell 2000® Value Index
1.73% -2.16% -0.95% 6.53% 14.28%
Gross Expense Ratio: 1.38% | Net Expense Ratio: 0.93%

Year Small Cap Value Fund Russell 2000® Value Index
2016 25.64% 31.74%
2017 5.65% 7.84%

Date Small Cap Value Fund Russell 2000 Value Index
5/1/2017 0.41 0.42
5/2/2017 0.08 -0.21
5/3/2017 -0.41 -0.71
5/4/2017 -1.07 -0.97
5/5/2017 -0.66 -0.47
5/8/2017 -0.91 -0.59
5/9/2017 -1.15 -0.86
5/10/2017 -0.16 -0.43
5/11/2017 -0.66 -1.21
5/12/2017 -1.40 -1.91
5/15/2017 -0.58 -1.13
5/16/2017 -0.74 -1.16
5/17/2017 -3.46 -3.82
5/18/2017 -2.97 -3.49
5/19/2017 -1.98 -2.97
5/22/2017 -1.57 -2.31
5/23/2017 -1.24 -1.84
5/24/2017 -1.48 -1.95
5/25/2017 -1.40 -2.04
5/26/2017 -1.48 -2.12
5/30/2017 -2.47 -2.92
5/31/2017 -2.56 -3.11
6/1/2017 -1.15 -1.35
6/2/2017 -0.99 -0.94
6/5/2017 -1.48 -1.51
6/6/2017 -1.57 -1.71
6/7/2017 -1.81 -1.59
6/8/2017 -0.41 0.01
6/9/2017 0.82 1.33
6/12/2017 0.91 1.23
6/13/2017 1.65 1.65
6/14/2017 0.82 0.93
6/15/2017 0.33 0.44
6/16/2017 0.15 0.09
6/19/2017 0.65 0.50
6/20/2017 -0.51 -0.71
6/21/2017 -1.41 -1.58
6/22/2017 -1.41 -1.33
6/23/2017 -0.67 -0.70
6/26/2017 -0.34 -0.32
6/27/2017 -0.92 -0.75
6/28/2017 0.40 0.62
6/29/2017 0.15 0.48
6/30/2017 0.24 0.28
7/3/2017 1.23 1.61
7/5/2017 0.48 0.74
7/6/2017 -0.67 -0.64
7/7/2017 0.07 0.17
7/10/2017 -0.34 -0.42
7/11/2017 -0.34 -0.32
7/12/2017 0.40 0.32
7/13/2017 0.65 0.60
7/14/2017 0.73 0.71
7/17/2017 0.90 1.04
7/18/2017 0.57 0.68
7/19/2017 1.56 1.72
7/20/2017 1.64 1.72
7/21/2017 1.06 1.21
7/24/2017 1.06 1.08
7/25/2017 2.30 2.31
7/26/2017 1.31 1.46
7/27/2017 1.14 1.30
7/28/2017 0.57 0.97
7/31/2017 0.73 0.91
8/1/2017 0.98 1.18
8/2/2017 -0.01 0.22
8/3/2017 -0.84 -0.45
8/4/2017 -0.59 0.23
8/7/2017 -0.75 0.03
8/8/2017 -1.08 -0.20
8/9/2017 -1.83 -1.27
8/10/2017 -3.48 -2.71
8/11/2017 -3.48 -3.07
8/14/2017 -1.99 -1.66
8/15/2017 -2.65 -2.52
8/16/2017 -2.74 -2.59
8/17/2017 -4.55 -4.33
8/18/2017 -4.80 -4.40
8/21/2017 -5.21 -4.45
8/22/2017 -4.22 -3.54
8/23/2017 -4.39 -3.49
8/24/2017 -4.22 -3.18
8/25/2017 -3.64 -2.67
8/28/2017 -3.64 -2.73
8/29/2017 -3.73 -2.76
8/30/2017 -3.07 -2.41
8/31/2017 -2.49 -1.57
9/1/2017 -2.49 -0.94
9/5/2017 -3.64 -2.21
9/6/2017 -3.56 -1.92
9/7/2017 -4.14 -2.39
9/8/2017 -3.97 -2.21
9/11/2017 -2.82 -0.93
9/12/2017 -1.83 -0.13
9/13/2017 -1.66 0.31
9/14/2017 -1.99 0.19
9/15/2017 -1.48 0.71
9/18/2017 -0.66 1.28
9/19/2017 -0.66 1.32
9/20/2017 -0.08 1.81
9/21/2017 -0.24 1.73
9/22/2017 0.42 2.29
9/25/2017 0.58 2.76
9/26/2017 0.91 3.35
9/27/2017 2.32 5.10
9/28/2017 2.73 5.46
9/29/2017 2.65 5.40
10/2/2017 3.48 6.66
10/3/2017 3.56 6.80
10/4/2017 3.31 6.23
10/5/2017 3.48 6.76
10/6/2017 3.15 6.39
10/9/2017 3.07 6.07
10/10/2017 3.48 6.60
10/11/2017 3.31 6.44
10/12/2017 2.98 6.26
10/13/2017 2.90 6.21
10/16/2017 2.98 6.25
10/17/2017 2.73 5.78
10/18/2017 3.15 6.36
10/19/2017 3.15 6.23
10/20/2017 3.23 6.59
10/23/2017 2.32 5.65
10/24/2017 2.73 5.86
10/25/2017 2.32 5.46
10/26/2017 2.32 5.74
10/27/2017 2.82 6.34
10/30/2017 2.07 4.92
10/31/2017 2.57 5.54
11/1/2017 2.90 5.08
11/2/2017 3.31 5.57
11/3/2017 2.57 4.97
11/6/2017 2.73 5.30
11/7/2017 1.33 3.89
11/8/2017 1.25 3.73
11/9/2017 0.91 3.43
11/10/2017 0.42 3.44
11/13/2017 0.34 3.44
11/14/2017 0.09 3.25
11/15/2017 -0.49 2.81
11/16/2017 0.58 4.13
11/17/2017 1.08 4.70
11/20/2017 1.82 5.44
11/21/2017 2.65 6.32
11/22/2017 2.57 6.26
11/24/2017 2.57 6.16
11/27/2017 1.99 5.94
11/28/2017 3.56 7.76
11/29/2017 4.39 8.86
11/30/2017 4.47 8.59
12/1/2017 4.55 8.30
12/4/2017 5.05 8.54
12/5/2017 3.89 7.19
12/6/2017 3.40 6.50
12/7/2017 3.98 6.94
12/8/2017 3.89 6.95
12/11/2017 3.72 6.81
12/12/2017 3.64 6.76
12/13/2017 3.64 7.00
12/14/2017 2.46 5.74
12/15/2017 3.72 7.44
12/18/2017 5.15 8.80
12/19/2017 4.56 7.70
12/20/2017 4.89 7.86
12/21/2017 5.57 8.52
12/22/2017 5.40 8.11
12/26/2017 5.57 8.24
12/27/2017 5.31 8.06
12/28/2017 5.65 8.49
12/29/2017 4.89 7.55
1/2/2018 5.73 8.49
1/3/2018 5.65 8.42
1/4/2018 5.98 8.62
1/5/2018 6.49 8.84
1/8/2018 7.07 9.22
1/9/2018 6.99 8.88
1/10/2018 6.82 9.00
1/11/2018 8.67 11.02
1/12/2018 9.25 11.32
1/16/2018 8.16 10.04
1/17/2018 9.00 11.04
1/18/2018 8.25 10.09
1/19/2018 9.76 11.48
1/22/2018 10.43 11.84
1/23/2018 10.51 12.01
1/24/2018 10.18 11.33
1/25/2018 10.18 11.22
1/26/2018 10.18 11.28
1/29/2018 9.59 10.33
1/30/2018 8.67 9.38
1/31/2018 8.25 8.88
2/1/2018 8.84 9.14
2/2/2018 6.07 7.03
2/5/2018 2.30 3.15
2/6/2018 3.30 4.10
2/7/2018 3.05 4.16
2/8/2018 -0.22 1.41
2/9/2018 0.79 2.54
2/12/2018 1.79 3.27
2/13/2018 1.88 3.42
2/14/2018 3.80 5.11
2/15/2018 4.31 5.93
2/16/2018 4.81 6.56
2/20/2018 4.06 5.27
2/21/2018 3.89 5.42
2/22/2018 3.47 5.19
2/23/2018 4.48 6.52
2/26/2018 4.98 7.04
2/27/2018 3.39 5.24
2/28/2018 1.79 3.44
3/1/2018 1.54 3.40
3/2/2018 2.46 4.74
3/5/2018 3.22 5.79
3/6/2018 3.97 6.82
3/7/2018 4.39 7.43
3/8/2018 4.56 6.89
3/9/2018 6.49 8.60
3/12/2018 6.49 8.89
3/13/2018 6.15 8.38
3/14/2018 5.48 7.63
3/15/2018 5.31 7.28
3/16/2018 6.15 8.18
3/19/2018 5.06 7.25
3/20/2018 4.81 6.86
3/21/2018 5.40 7.53
3/22/2018 2.88 5.13
3/23/2018 0.62 2.80
3/26/2018 3.13 5.01
3/27/2018 1.46 3.33
3/28/2018 1.62 3.88
3/29/2018 3.05 4.72
4/2/2018 0.53 2.49
4/3/2018 1.79 3.96
4/4/2018 2.63 5.12
4/5/2018 3.97 6.05
4/6/2018 1.79 4.14
4/9/2018 1.12 3.80
4/10/2018 3.05 5.78
4/11/2018 2.80 5.97
4/12/2018 3.39 6.52
4/13/2018 3.05 6.15
4/16/2018 4.22 7.20
4/17/2018 4.98 7.85
4/18/2018 5.48 8.10
4/19/2018 5.06 7.84
4/20/2018 4.64 7.35
4/23/2018 5.06 7.45
4/24/2018 4.56 7.39
4/25/2018 4.73 7.28
4/26/2018 4.89 7.57
4/27/2018 4.64 7.53
4/30/2018 3.89 6.53
$ per share as of 05/24/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term 0.1401
Total Amount of Distribution 0.1401
Record Date 12/8/17
Ex Div Date 12/11/17
Pay Date 12/11/17

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

Portfolio

Top Issuers

(32.4% of assets as of 04/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Small Cap Value Fund Russell 2000® Value Index Overweight / Underweight
United States 93.2% 99.9% -6.7%
Canada 1.9% 0.0% 1.8%
Israel 1.0% 0.0% 0.9%
United Kingdom 1.0% - -
Taiwan 0.7% - -
Developed Markets Small Cap Value Fund Russell 2000® Value Index Overweight / Underweight
Americas 95.0% 100.0% -4.9%
Middle East 1.0% 0.0% 0.9%
Europe 1.0% - -
Emerging Markets Small Cap Value Fund Russell 2000® Value Index Overweight / Underweight
Asia Pacific 0.7% - -
Equity Sector Small Cap Value Fund Russell 2000® Value Index Overweight / Underweight
Financials 28.1% 31.2% -3.2%
Industrials 15.3% 12.1% 3.2%
Consumer Discretionary 12.9% 10.9% 2.0%
Energy 10.0% 7.3% 2.7%
Real Estate 8.1% 10.0% -1.9%
Information Technology 7.8% 8.6% -0.8%
Materials 5.7% 4.3% 1.4%
Utilities 4.7% 6.3% -1.6%
Health Care 4.3% 6.7% -2.4%
Consumer Staples 0.9% 2.2% -1.3%
Industry Small Cap Value Fund Russell 2000® Value Index Overweight / Underweight
Banks 13.8% 19.6% -5.8%
Oil Gas & Consumable Fuels 6.9% 4.3% 2.6%
Machinery 6.1% 2.9% 3.2%
Equity Real Estate Investment Trusts (REITs) 5.3% 9.5% -4.2%
Capital Markets 4.6% 1.3% 3.3%
Metals & Mining 3.5% 2.3% 1.2%
Hotels Restaurants & Leisure 3.3% 1.8% 1.5%
Electric Utilities 3.2% 2.1% 1.1%
Thrifts & Mortgage Finance 3.2% 3.6% -0.4%
Insurance 3.1% 3.9% -0.8%
Energy Equipment & Services 3.0% 3.0% 0.1%
Real Estate Management & Development 2.8% 0.5% 2.3%
Road & Rail 2.7% 0.6% 2.1%
Semiconductors & Semiconductor Equipment 2.5% 1.1% 1.4%
Electronic Equipment Instruments & Components 2.5% 3.2% -0.7%
Specialty Retail 2.2% 2.8% -0.6%
Textiles Apparel & Luxury Goods 1.9% 1.0% 1.0%
Mortgage Real Estate Investment Trusts (REITs) 1.8% 1.8% 0.1%
Health Care Providers & Services 1.7% 0.8% 1.0%
Household Durables 1.7% 1.5% 0.2%
Asset Allocation Small Cap Value Fund Russell 2000® Value Index Overweight / Underweight
Equity 97.7% 100.0% -2.3%
Market Cap Small Cap Value Fund Russell 2000® Value Index Overweight / Underweight
Small 72.1% 80.2% -8.1%
Mid 25.7% 19.8% 5.9%
Analytics
(As of 04/30/2018)

Dividends
  • C
Est. Frequency
Quarterly
Last Pay Date
12/11/2017
Per Share ($)
$0.0291
12-Month Distribution ($)
$0.0694
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$2.40 B
$2.10 B
Median Market Cap (weighted)
$2.20 B
$1.80 B
P/E Ratio (LTM)
19.12
22.27
P/E Ratio (NTM)
13.97
16.59
Price/Book
1.76
1.61
Debt to Capital Ratio
47.63
39.14
Turnover Ratio
52.00%
-
Active Share
90.44%
-
Distribution Sources
  • C
Net Income
4.50%
Net Profit from Sale
84.60%
Other Capital Sources
10.90%
Documents
  1. 1. Special Risks: Value investing involves the risk that undervalued securities may not appreciate as anticipated. 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. Diversification does not guarantee profit or protect against loss.
  2. 2. 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.
  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. Access index definitions.
  5. 5. Holdings are subject to change, and are dollar weighted based on total net 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. "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.
  9. C. There is no guarantee of the payment of any dividend or other distributions at any level.
  10. 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.

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