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OPOCX

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
September 11, 1986
Investment Style
Small Cap Growth
Fund Index
Russell 2000® Growth Index
CUSIP
683921100
NAV
  • B
(as of 11/22/2017)
$87.16
Total Assets
(as of 10/31/2017)
$2.15 BN
Gross Expense Ratio
(as of 10/31/2017)
1.12%
Net Expense Ratio
(as of 10/31/2017)
1.12%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2017
  • F
as of 09/30/2017
  • F

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • F
Cumulative
Annualized
ytd as of 2017-09-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
20.69% 19.62% 11.42% 12.05% 8.20% 10.40%
Cumulative
Annualized
ytd as of 2017-09-30
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (with sales charge)
13.75% 12.73% 9.24% 10.73% 7.56% 10.19%
Cumulative
Annualized
ytd as of 2017-10-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (NAV)
25.20% 30.78% 10.91% 13.71% 7.94% 10.50%
Cumulative
Annualized
ytd as of 2017-10-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Discovery Fund (with sales charge)
18.00% 23.25% 8.74% 12.37% 7.30% 10.29%
Gross Expense Ratio: 1.12% | Net Expense Ratio: 1.12%

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 Discovery Fund Russell 2000® Growth Index
1987 13.66% -
1988 19.69% -
1989 34.03% -
1990 -15.05% -
1991 72.31% -
1992 16.63% 7.77%
1993 17.84% 13.37%
1994 -11.18% -2.43%
1995 36.79% 31.04%
1996 14.79% 11.26%
1997 10.36% 12.95%
1998 -2.00% 1.23%
1999 51.31% 43.09%
2000 -13.26% -22.43%
2001 -11.59% -9.23%
2002 -24.10% -30.26%
2003 38.98% 48.54%
2004 3.98% 14.31%
2005 1.34% 4.15%
2006 4.84% 13.35%
2007 25.81% 7.05%
2008 -38.59% -38.54%
2009 27.31% 34.47%
2010 27.75% 29.09%
2011 1.47% -2.91%
2012 16.99% 14.59%
2013 46.12% 43.30%
2014 -2.19% 5.60%
2015 1.98% -1.38%
2016 4.23% 11.32%

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 Discovery Fund Russell 2000® Growth Index MSCI World S&P 500
10/31/2007 0.00 0.00 0.00 0.00
11/30/2007 -6.26 -6.91 -4.09 -4.18
12/31/2007 -4.74 -6.32 -5.32 -4.85
1/31/2008 -15.19 -14.92 -12.56 -10.55
2/29/2008 -18.25 -17.86 -13.07 -13.46
3/31/2008 -19.25 -18.34 -13.90 -13.83
4/30/2008 -13.55 -14.14 -9.37 -9.64
5/31/2008 -8.46 -9.28 -7.99 -8.47
6/30/2008 -10.24 -14.69 -15.33 -16.18
7/31/2008 -10.14 -12.70 -17.40 -16.89
8/31/2008 -10.09 -10.53 -18.56 -15.68
9/30/2008 -21.47 -20.65 -28.25 -23.20
10/31/2008 -36.23 -37.87 -41.85 -36.10
11/30/2008 -43.53 -45.39 -45.61 -40.68
12/31/2008 -41.33 -42.43 -43.87 -40.05
1/31/2009 -44.09 -46.81 -48.79 -45.10
2/28/2009 -49.19 -52.31 -54.03 -50.95
3/31/2009 -46.27 -48.03 -50.56 -46.65
4/30/2009 -42.89 -40.21 -45.02 -41.55
5/31/2009 -41.15 -37.90 -40.03 -38.28
6/30/2009 -39.33 -35.88 -40.31 -38.15
7/31/2009 -35.70 -30.91 -35.25 -33.48
8/31/2009 -34.86 -30.24 -32.58 -31.07
9/30/2009 -30.74 -25.66 -29.89 -28.50
10/31/2009 -34.00 -30.82 -31.14 -29.83
11/30/2009 -30.95 -28.68 -28.32 -25.62
12/31/2009 -25.11 -22.58 -27.04 -24.19
1/31/2010 -28.92 -26.04 -30.05 -26.91
2/28/2010 -26.06 -22.82 -29.07 -24.65
3/31/2010 -20.14 -16.68 -24.67 -20.10
4/30/2010 -17.61 -13.19 -24.66 -18.84
5/31/2010 -22.69 -18.93 -31.88 -25.32
6/30/2010 -27.81 -24.37 -34.22 -29.23
7/31/2010 -24.37 -19.37 -28.88 -24.27
8/31/2010 -27.98 -25.24 -31.54 -27.69
9/30/2010 -18.83 -14.66 -25.15 -21.24
10/31/2010 -13.99 -10.99 -22.36 -18.24
11/30/2010 -9.30 -7.11 -24.04 -18.23
12/31/2010 -3.89 -0.06 -18.45 -12.76
1/31/2011 -2.04 -0.62 -16.61 -10.70
2/28/2011 5.35 5.23 -13.69 -7.64
3/31/2011 10.45 9.17 -14.54 -7.60
4/30/2011 15.79 13.11 -10.91 -4.86
5/31/2011 12.62 10.90 -12.76 -5.94
6/30/2011 12.02 8.53 -14.14 -7.51
7/31/2011 7.34 4.28 -15.70 -9.39
8/31/2011 -1.54 -4.66 -21.64 -14.31
9/30/2011 -9.91 -15.62 -28.41 -20.34
10/31/2011 0.47 -2.23 -21.00 -11.63
11/30/2011 -0.28 -2.75 -22.93 -11.82
12/31/2011 -2.07 -2.97 -22.97 -10.92
1/31/2012 2.89 4.29 -19.11 -6.93
2/29/2012 9.26 7.73 -15.16 -2.91
3/31/2012 12.30 9.92 -14.06 0.29
4/30/2012 15.24 8.11 -15.04 -0.34
5/31/2012 7.53 0.41 -22.37 -6.33
6/30/2012 10.54 5.59 -18.42 -2.47
7/31/2012 10.79 3.75 -17.37 -1.12
8/31/2012 15.74 7.47 -15.28 1.11
9/30/2012 19.22 10.69 -12.95 3.72
10/31/2012 14.96 7.25 -13.54 1.81
11/30/2012 13.51 8.08 -12.43 2.40
12/31/2012 14.98 11.19 -10.78 3.33
1/31/2013 21.70 18.51 -6.24 8.68
2/28/2013 22.01 19.76 -6.08 10.16
3/31/2013 28.20 25.88 -3.88 14.29
4/30/2013 27.05 25.05 -0.86 16.49
5/31/2013 33.15 31.40 -0.82 19.22
6/30/2013 34.20 30.58 -3.26 17.62
7/31/2013 45.07 40.46 1.83 23.60
8/31/2013 47.18 37.71 -0.34 20.02
9/30/2013 56.17 47.30 4.65 23.79
10/31/2013 59.92 49.98 8.74 29.48
11/30/2013 63.91 56.14 10.68 33.42
12/31/2013 68.50 59.33 13.02 36.80
1/31/2014 65.83 56.58 8.83 32.07
2/28/2014 74.44 64.15 14.28 38.11
3/31/2014 64.58 60.11 14.45 39.27
4/30/2014 50.19 51.89 15.62 40.30
5/31/2014 49.70 53.35 17.89 43.60
6/30/2014 60.85 62.87 20.00 46.56
7/31/2014 50.97 53.00 18.09 44.54
8/31/2014 58.15 61.54 20.69 50.32
9/30/2014 53.12 52.89 17.41 48.22
10/31/2014 61.08 62.37 18.17 51.84
11/30/2014 62.67 63.42 20.54 55.92
12/31/2014 65.21 68.26 18.60 55.53
1/31/2015 62.26 64.42 16.45 50.86
2/28/2015 74.48 76.26 23.27 59.53
3/31/2015 77.57 79.42 21.34 57.00
4/30/2015 71.26 74.14 24.19 58.51
5/31/2015 79.68 80.54 24.62 60.55
6/30/2015 83.92 82.97 21.72 57.44
7/31/2015 89.98 83.71 23.90 60.74
8/31/2015 74.37 69.79 15.70 51.04
9/30/2015 66.42 59.07 11.44 47.30
10/31/2015 72.79 68.09 20.27 59.73
11/30/2015 75.52 74.25 19.67 60.21
12/31/2015 68.87 65.94 17.56 57.68
1/31/2016 52.79 47.96 10.53 49.85
2/29/2016 49.76 46.91 9.71 49.65
3/31/2016 59.17 58.17 17.15 59.80
4/30/2016 61.79 59.75 19.01 60.42
5/31/2016 66.22 64.05 19.68 63.30
6/30/2016 70.06 63.29 18.33 63.73
7/31/2016 77.21 73.97 23.33 69.76
8/31/2016 77.91 75.82 23.44 70.00
9/30/2016 77.91 78.35 24.09 70.03
10/31/2016 68.84 67.27 21.69 66.93
11/30/2016 79.13 82.23 23.44 73.11
12/31/2016 76.45 84.72 26.39 76.54
1/31/2017 84.03 87.72 29.45 79.88
2/28/2017 88.16 92.32 33.04 87.03
3/31/2017 91.94 94.60 34.45 87.25
4/30/2017 96.69 98.18 36.44 89.17
5/31/2017 99.62 96.38 39.33 91.83
6/30/2017 101.95 103.14 39.87 93.03
7/31/2017 104.62 104.87 43.21 97.00
8/31/2017 104.25 104.63 43.42 97.60
9/30/2017 113.31 115.77 46.63 101.68
10/31/2017 121.34 119.12 49.41 106.38

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 11/24/2017

Date 2012 2013 2014 2015 2016
Short Term
Long Term 4.3957 5.9890 7.0126 4.6368 2.9326
Total Amount of Distribution 4.3957 5.9890 7.0126 4.6368 2.9326
Record Date 12/4/12 12/3/13 12/2/14 12/2/15 12/5/16
Ex Div Date 12/5/12 12/4/13 12/3/14 12/3/15 12/6/16
Pay Date 12/6/12 12/5/13 12/3/14 12/3/15 12/6/16

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

Portfolio

Top Issuers

(33.0% of assets as of 10/31/2017)


Portfolio Holdings Breakdown

Country 5
Developed Markets 5
Equity Sector 5
Industry 5
Asset Allocation 5
Market Cap 6
Country Discovery Fund Russell 2000® Growth Index Overweight / Underweight
United States 98.2% 99.8% -1.6%
Canada 0.5% 0.0% 0.5%
Israel 0.5% 0.0% 0.5%
Cayman Islands 0.1% - -
Developed Markets Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Americas 98.8% 99.9% -1.1%
Middle East 0.5% 0.0% 0.5%
Equity Sector Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Information Technology 31.4% 25.2% 6.2%
Industrials 21.4% 18.3% 3.2%
Health Care 20.8% 23.0% -2.3%
Consumer Discretionary 12.4% 13.4% -1.0%
Financials 6.6% 6.2% 0.4%
Materials 3.8% 4.8% -0.9%
Energy 1.4% 1.2% 0.2%
Real Estate 1.4% 3.5% -2.0%
Industry Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Software 11.2% 6.4% 4.8%
Health Care Equipment & Supplies 9.2% 5.8% 3.3%
Internet Software & Services 7.1% 5.7% 1.4%
Semiconductors & Semiconductor Equipment 7.1% 5.6% 1.5%
Aerospace & Defense 5.1% 1.0% 4.0%
Machinery 4.9% 4.7% 0.2%
Electronic Equipment Instruments & Components 4.6% 2.4% 2.1%
Biotechnology 4.0% 8.7% -4.7%
Hotels Restaurants & Leisure 3.4% 4.3% -0.9%
Construction & Engineering 3.0% 1.6% 1.4%
Banks 2.7% 2.2% 0.5%
Health Care Technology 2.6% 1.2% 1.4%
Air Freight & Logistics 2.6% 0.3% 2.3%
Building Products 2.2% 2.1% 0.1%
Health Care Providers & Services 2.0% 3.0% -1.0%
Chemicals 2.0% 2.9% -0.9%
Diversified Consumer Services 1.9% 1.1% 0.8%
Trading Companies & Distributors 1.7% 1.2% 0.5%
Pharmaceuticals 1.6% 3.2% -1.6%
Specialty Retail 1.5% 1.7% -0.2%
Asset Allocation Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Equity 99.3% 100.0% -0.7%
Market Cap Discovery Fund Russell 2000® Growth Index Overweight / Underweight
Small 56.1% 90.0% -33.9%
Mid 42.3% 9.9% 32.4%
Large 1.0% - -
Analytics
(As of 10/31/2017)

Morningstar 10/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
598
Category
Small Growth
Analyst Rating (as of 7/26/17)
Silver
Performance Statistics
3Y
5Y
Alpha
1.98
0.12
Beta
0.83
0.89
Information Ratio
0.07
-0.30
R-Squared
85.97
85.87
Sharpe Ratio
0.82
0.98
Standard Deviation
13.25
14.01
Upside Capture
90.22
89.15
Downside Capture
81.77
88.88
Sortino Ratio
0.35
0.44
Win Ratio
53.00
47.00
Loss Ratio
47.00
53.00
Tracking Error
5.56
5.50
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
12/6/2016
Per Share ($)
$0.00
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.00
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$4.70 B
$2.50 B
Median Market Cap (weighted)
$3.90 B
$2.30 B
P/E Ratio (LTM)
52.22
58.47
P/E Ratio (NTM)
31.20
30.50
Price/Book
5.68
4.46
Return on Equity
9.05%
5.53%
Turnover Ratio
89.00%
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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. For Share Classes with less than a one-year track record, expense ratios are estimated based on the Manager's projections of those expenses for the coming fiscal year.
  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. 7. 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.
  8. 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.
  9. 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.
  10. 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.
  11. 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.
  12. E. There is no guarantee of the payment of any dividend or other distributions at any level.
  13. F. 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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