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ODIYX

Discovery Fund
  • A
  • 1

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Special Notice

As of 6/28/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.

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Overview

The Strategy typically invests in small-cap U.S. growth stocks.

Inception Date
June 1, 1994
Investment Style
Small Cap Growth
Fund Index
Russell 2000® Growth Index
CUSIP
683921308
NAV
  • B
(as of 04/20/2018)
$92.83
Total Assets
(as of 03/31/2018)
$2.24 BN
Gross Expense Ratio
(as of 03/29/2018)
0.87%
Net Expense Ratio
(as of 03/29/2018)
0.87%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 03/31/2018
  • C
as of 03/31/2018
  • C

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-03-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
4.11% 23.85% 10.21% 13.14% 11.40% 8.85%
Russell 2000® Growth Index
2.30% 18.63% 8.77% 12.90% 10.95% -
Cumulative
Annualized
ytd as of 2018-03-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
4.11% 23.85% 10.21% 13.14% 11.40% 8.85%
Russell 2000® Growth Index
2.30% 18.63% 8.77% 12.90% 10.95% -
Gross Expense Ratio: 0.87% | Net Expense Ratio: 0.87%

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 Discovery Fund Russell 2000® Growth Index
1995 36.97% 31.04%
1996 15.08% 11.26%
1997 10.74% 12.95%
1998 -1.73% 1.23%
1999 51.72% 43.09%
2000 -13.04% -22.43%
2001 -11.32% -9.23%
2002 -23.86% -30.26%
2003 39.34% 48.54%
2004 4.33% 14.31%
2005 1.60% 4.15%
2006 5.07% 13.35%
2007 26.08% 7.05%
2008 -38.41% -38.54%
2009 27.64% 34.47%
2010 28.33% 29.09%
2011 1.90% -2.91%
2012 17.41% 14.59%
2013 46.55% 43.30%
2014 -1.96% 5.60%
2015 2.22% -1.38%
2016 4.48% 11.32%
2017 29.40% 22.17%

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 Discovery Fund Russell 2000® Growth Index MSCI World S&P 500
3/31/2008 0.00 0.00 0.00 0.00
4/30/2008 7.06 5.14 5.26 4.87
5/31/2008 13.36 11.09 6.86 6.23
6/30/2008 11.16 4.47 -1.66 -2.73
7/31/2008 11.28 6.90 -4.06 -3.54
8/31/2008 11.34 9.56 -5.41 -2.15
9/30/2008 -2.75 -2.83 -16.66 -10.87
10/31/2008 -21.03 -23.92 -32.46 -25.84
11/30/2008 -30.07 -33.12 -36.83 -31.16
12/31/2008 -27.34 -29.50 -34.81 -30.43
1/31/2009 -30.76 -34.86 -40.52 -36.29
2/28/2009 -37.07 -41.60 -46.61 -43.07
3/31/2009 -33.46 -36.36 -42.58 -38.09
4/30/2009 -29.28 -26.79 -36.14 -32.16
5/31/2009 -27.12 -23.95 -30.35 -28.37
6/30/2009 -24.86 -21.49 -30.67 -28.23
7/31/2009 -20.37 -15.40 -24.80 -22.80
8/31/2009 -19.33 -14.57 -21.69 -20.01
9/30/2009 -14.23 -8.96 -18.57 -17.03
10/31/2009 -18.27 -15.29 -20.02 -18.57
11/30/2009 -14.49 -12.67 -16.75 -13.68
12/31/2009 -7.26 -5.19 -15.26 -12.01
1/31/2010 -11.97 -9.43 -18.76 -15.18
2/28/2010 -8.44 -5.48 -17.62 -12.55
3/31/2010 -1.10 2.02 -12.51 -7.28
4/30/2010 2.03 6.31 -12.50 -5.81
5/31/2010 -4.26 -0.72 -20.88 -13.33
6/30/2010 -10.60 -7.38 -23.60 -17.87
7/31/2010 -6.34 -1.26 -17.40 -12.12
8/31/2010 -10.82 -8.46 -20.48 -16.08
9/30/2010 0.51 4.50 -13.07 -8.59
10/31/2010 6.51 9.00 -9.83 -5.12
11/30/2010 12.32 13.75 -11.78 -5.10
12/31/2010 19.02 22.38 -5.29 1.24
1/31/2011 21.32 21.70 -3.15 3.64
2/28/2011 30.47 28.86 0.24 7.19
3/31/2011 36.78 33.69 -0.75 7.23
4/30/2011 43.40 38.51 3.47 10.41
5/31/2011 39.46 35.80 1.32 9.16
6/30/2011 38.72 32.90 -0.28 7.34
7/31/2011 32.93 27.69 -2.09 5.16
8/31/2011 21.94 16.75 -8.99 -0.56
9/30/2011 11.57 3.33 -16.85 -7.55
10/31/2011 24.41 19.72 -8.25 2.56
11/30/2011 23.50 19.09 -10.49 2.33
12/31/2011 21.27 18.82 -10.54 3.38
1/31/2012 27.42 27.71 -6.05 8.01
2/29/2012 35.31 31.92 -1.46 12.68
3/31/2012 39.08 34.60 -0.19 16.39
4/30/2012 42.72 32.39 -1.33 15.66
5/31/2012 33.16 22.95 -9.84 8.71
6/30/2012 36.89 29.30 -5.25 13.19
7/31/2012 37.20 27.04 -4.03 14.76
8/31/2012 43.33 31.60 -1.60 17.34
9/30/2012 47.64 35.55 1.11 20.37
10/31/2012 42.36 31.34 0.42 18.15
11/30/2012 40.57 32.35 1.71 18.84
12/31/2012 42.39 36.16 3.62 19.92
1/31/2013 50.71 45.12 8.90 26.13
2/28/2013 51.09 46.66 9.08 27.84
3/31/2013 58.76 54.14 11.63 32.64
4/30/2013 57.34 53.13 15.15 35.19
5/31/2013 64.89 60.90 15.19 38.36
6/30/2013 66.20 59.90 12.35 36.50
7/31/2013 79.65 72.00 18.27 43.44
8/31/2013 82.27 68.64 15.75 39.29
9/30/2013 93.40 80.37 21.54 43.66
10/31/2013 98.05 83.66 26.30 50.26
11/30/2013 102.98 91.20 28.54 54.84
12/31/2013 108.67 95.12 31.26 58.76
1/31/2014 105.36 91.75 26.40 53.27
2/28/2014 116.02 101.01 32.73 60.28
3/31/2014 103.81 96.06 32.92 61.63
4/30/2014 85.99 85.99 34.28 62.82
5/31/2014 85.39 87.79 36.93 66.65
6/30/2014 99.19 99.44 39.37 70.09
7/31/2014 86.96 87.36 37.15 67.74
8/31/2014 95.86 97.81 40.17 74.45
9/30/2014 89.62 87.22 36.37 72.01
10/31/2014 99.48 98.83 37.25 76.21
11/30/2014 101.44 100.11 40.00 80.95
12/31/2014 104.59 106.05 37.74 80.49
1/31/2015 100.94 101.35 35.25 75.07
2/28/2015 116.07 115.84 43.17 85.14
3/31/2015 119.90 119.71 40.93 82.21
4/30/2015 112.08 113.25 44.24 83.96
5/31/2015 122.51 121.08 44.73 86.32
6/30/2015 127.77 124.05 41.37 82.71
7/31/2015 135.26 124.97 43.90 86.54
8/31/2015 115.94 107.92 34.38 75.29
9/30/2015 106.09 94.79 29.43 70.95
10/31/2015 113.99 105.84 39.68 85.37
11/30/2015 117.36 113.38 38.99 85.92
12/31/2015 109.12 103.20 36.54 82.99
1/31/2016 89.21 81.19 28.37 73.91
2/29/2016 85.46 79.90 27.42 73.67
3/31/2016 97.11 93.69 36.07 85.46
4/30/2016 100.36 95.62 38.22 86.18
5/31/2016 105.84 100.89 39.00 89.52
6/30/2016 110.60 99.96 37.44 90.01
7/31/2016 119.45 113.04 43.24 97.02
8/31/2016 120.32 115.30 43.36 97.29
9/30/2016 120.32 118.40 44.13 97.33
10/31/2016 109.09 104.83 41.34 93.73
11/30/2016 121.83 123.16 43.37 100.90
12/31/2016 118.51 126.20 46.80 104.88
1/31/2017 127.90 129.87 50.34 108.76
2/28/2017 133.02 135.51 54.51 117.05
3/31/2017 137.70 138.30 56.16 117.30
4/30/2017 143.57 142.69 58.47 119.54
5/31/2017 147.21 140.48 61.82 122.63
6/30/2017 150.09 148.76 62.45 124.01
7/31/2017 153.40 150.88 66.33 128.62
8/31/2017 152.94 150.58 66.57 129.32
9/30/2017 164.16 164.23 70.31 134.05
10/31/2017 174.11 168.32 73.52 139.51
11/30/2017 182.66 176.02 77.28 146.86
12/31/2017 182.76 176.34 79.68 149.60
1/31/2018 195.62 187.11 89.17 163.89
2/28/2018 191.38 178.94 81.33 154.17
3/29/2018 194.39

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 04/22/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term 5.9890 7.0126 4.6368 2.9326 9.6645
Total Amount of Distribution 5.9890 7.0126 4.6368 2.9326 9.6645
Record Date 12/3/13 12/2/14 12/2/15 12/5/16 12/4/17
Ex Div Date 12/4/13 12/3/14 12/3/15 12/6/16 12/5/17
Pay Date 12/5/13 12/3/14 12/3/15 12/6/16 12/5/17

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

Portfolio

Top Issuers

(33.9% of assets as of 03/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Discovery Fund Russell 2000® Growth Index Overweight / Underweight
United States 97.9% 99.8% -1.8%
Canada 0.2% 0.0% 0.2%
Developed Markets Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Americas 98.2% 100.0% -1.8%
Equity Sector Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Information Technology 28.0% 25.2% 2.9%
Health Care 21.7% 25.2% -3.6%
Industrials 19.0% 17.8% 1.2%
Consumer Discretionary 15.1% 13.1% 2.0%
Financials 9.8% 6.1% 3.7%
Materials 3.2% 4.3% -1.1%
Energy 1.4% 1.2% 0.2%
Industry Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Health Care Equipment & Supplies 12.5% 6.2% 6.4%
Software 12.4% 6.8% 5.6%
Internet Software & Services 6.8% 6.5% 0.2%
Semiconductors & Semiconductor Equipment 6.3% 4.8% 1.5%
Aerospace & Defense 4.9% 1.1% 3.8%
Machinery 3.5% 4.4% -1.0%
Biotechnology 3.4% 9.4% -6.0%
Hotels Restaurants & Leisure 3.4% 4.2% -0.8%
Banks 3.3% 2.2% 1.1%
Construction & Engineering 2.7% 1.4% 1.3%
Specialty Retail 2.7% 1.7% 0.9%
Electronic Equipment Instruments & Components 2.6% 2.0% 0.6%
Capital Markets 2.6% 1.5% 1.1%
Trading Companies & Distributors 2.4% 1.2% 1.2%
Diversified Consumer Services 2.2% 1.2% 1.0%
Health Care Providers & Services 2.1% 3.2% -1.1%
Air Freight & Logistics 1.9% 0.3% 1.6%
Distributors 1.9% 0.1% 1.8%
Pharmaceuticals 1.8% 4.2% -2.5%
Building Products 1.8% 2.0% -0.2%
Asset Allocation Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Equity 98.2% 100.0% -1.8%
Market Cap Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Mid 67.5% 31.8% 35.7%
Small 30.3% 66.8% -36.5%
Large 0.5% 1.4% -1.0%
Analytics
(As of 03/31/2018)

Morningstar 03/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
592
Category
Small Growth
Analyst Rating (as of 7/26/17)
Silver
Performance Statistics
3Y
5Y
Alpha
2.71
1.56
Beta
0.82
0.89
Information Ratio
0.26
0.05
R-Squared
85.34
86.03
Sharpe Ratio
0.78
0.94
Standard Deviation
12.88
13.86
Upside Capture
92.15
93.46
Downside Capture
79.50
86.82
Sortino Ratio
0.32
0.42
Win Ratio
53.00
52.00
Loss Ratio
47.00
48.00
Tracking Error
5.56
5.41
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
12/5/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$4.80 B
$3.00 B
Median Market Cap (weighted)
$4.30 B
$2.50 B
P/E Ratio (LTM)
47.38
38.09
P/E Ratio (NTM)
28.73
23.66
Price/Book
5.68
4.27
Return on Equity
9.71%
10.19%
EPS Growth Rate 3Y
24.54%
10.95%
EPS Growth Rate 5Y
24.54%
-
Sales Growth Rate 3Y
17.38%
11.88%
Sales Growth Rate 5Y
17.38%
-
Turnover Ratio
107.00%
-
Active Share
82.00%
-
Distribution Sources
  • E
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. Special Risks: 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. Investments in securities of growth companies may be volatile. Diversification does not guarantee profit or protect against loss.
  2. 2. 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.
  3. 3. Access index definitions.
  4. 4. 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.
  5. 5. 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.
  6. 6. The Morningstar Analyst Rating is not a credit or risk rating but a subjective evaluation performed by the analysts of Morningstar, Inc. (Mstar). Mstar evaluates funds based on five key pillars (process, performance, people, parent and price). Mstar's analysts use this evaluation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weightings of each pillar may vary. The Analyst Rating reflects overall assessment and is overseen by Morningstar's Analyst Rating Committee. The analyst rating scale is five-tiered, with three positive ratings (Gold, Silver, Bronze), a Neutral rating and a Negative rating, with Gold being the highest rating and Negative being the lowest rating. The Mstar Analyst Ratings should not be used as the sole basis in evaluating a mutual fund and are based on Mstar's current expectations about future events. Mstar does not represent ratings as a guarantee. Analyst Ratings involve unknown risks and uncertainties which may cause Mstar's expectations not to occur or to differ significantly.
  7. A. As of 6/28/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.
  8. 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.
  9. 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.
  10. 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.
  11. E. There is no guarantee of the payment of any dividend or other distributions at any level.
  12. 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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