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OAEIX

Equity Income Fund

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Overview

The Strategy typically invests primarily in dividend-paying large company U.S. stocks.

Inception Date
February 13, 1987
Investment Style
Equity Income
Fund Index
Russell 1000® Value Index
CUSIP
68381A103
NAV
  • A
(as of 11/21/2017)
$31.69
Total Assets
(as of 10/31/2017)
$3.86 BN
Gross Expense Ratio
(as of 10/31/2017)
1.05%
Net Expense Ratio
(as of 10/31/2017)
1.05%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2017
  • E
as of 09/30/2017
  • E

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • E
Cumulative
Annualized
ytd as of 2017-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
7.45% 15.75% 4.68% 10.37% 6.67% 10.91%
Cumulative
Annualized
ytd as of 2017-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
1.28% 9.09% 2.63% 9.07% 6.04% 10.69%
Cumulative
Annualized
ytd as of 2017-10-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (NAV)
9.20% 18.19% 4.66% 10.63% 6.81% 10.93%
Cumulative
Annualized
ytd as of 2017-10-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Equity Income Fund (with sales charge)
2.92% 11.39% 2.61% 9.32% 6.17% 10.72%
Gross Expense Ratio: 1.05% | Net Expense Ratio: 1.05%

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 Equity Income Fund Russell 1000® Value Index
1988 34.72% 23.16%
1989 51.05% 25.19%
1990 -6.77% -8.08%
1991 38.77% 24.55%
1992 24.88% 13.58%
1993 7.31% 18.07%
1994 -2.86% -1.98%
1995 33.85% 38.36%
1996 18.25% 21.64%
1997 14.84% 35.18%
1998 20.15% 15.63%
1999 5.83% 7.35%
2000 14.97% 7.01%
2001 -1.20% -5.59%
2002 -14.71% -15.52%
2003 28.63% 30.03%
2004 16.68% 16.49%
2005 9.25% 7.05%
2006 13.56% 22.25%
2007 2.55% -0.17%
2008 -35.56% -36.85%
2009 42.22% 19.69%
2010 20.86% 15.51%
2011 -6.43% 0.39%
2012 19.15% 17.51%
2013 31.63% 32.53%
2014 10.05% 13.45%
2015 -9.83% -3.83%
2016 14.67% 17.34%

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 Equity Income Fund Russell 1000® Value Index MSCI World S&P 500
10/31/2012 0.00 0.00 0.00 0.00
11/30/2012 -1.16 -0.04 1.28 0.58
12/31/2012 1.35 2.02 3.19 1.50
1/31/2013 6.92 8.65 8.44 6.75
2/28/2013 7.55 10.21 8.62 8.20
3/31/2013 12.59 14.58 11.16 12.26
4/30/2013 16.03 16.31 14.67 14.42
5/31/2013 19.87 19.30 14.71 17.10
6/30/2013 17.26 18.25 11.88 15.53
7/31/2013 23.38 24.63 17.77 21.41
8/31/2013 20.08 19.90 15.27 17.89
9/30/2013 22.26 22.91 21.03 21.59
10/31/2013 26.96 28.29 25.77 27.18
11/30/2013 31.58 31.87 28.00 31.05
12/31/2013 33.77 35.21 30.71 34.37
1/31/2014 27.98 30.41 25.87 29.72
2/28/2014 33.98 36.05 32.17 35.66
3/31/2014 36.39 39.29 32.36 36.80
4/30/2014 37.54 40.62 33.72 37.81
5/31/2014 40.07 42.68 36.35 41.04
6/30/2014 44.72 46.40 38.79 43.96
7/31/2014 42.53 43.91 36.57 41.97
8/31/2014 48.33 49.20 39.58 47.65
9/30/2014 42.86 46.12 35.79 45.58
10/31/2014 45.33 49.40 36.67 49.14
11/30/2014 48.27 52.46 39.41 53.15
12/31/2014 47.60 53.40 37.16 52.76
1/31/2015 40.84 47.26 34.68 48.18
2/28/2015 50.00 54.39 42.57 56.69
3/31/2015 49.23 52.29 40.34 54.22
4/30/2015 51.59 53.71 43.63 55.69
5/31/2015 52.42 55.56 44.12 57.70
6/30/2015 47.56 52.45 40.77 54.64
7/31/2015 46.68 53.12 43.30 57.88
8/31/2015 39.56 44.00 33.82 48.36
9/30/2015 31.76 39.66 28.88 44.69
10/31/2015 40.63 50.19 39.09 56.89
11/30/2015 40.07 50.77 38.40 57.36
12/31/2015 33.43 47.53 35.97 54.88
1/31/2016 23.29 39.90 27.84 47.19
2/29/2016 22.99 39.87 26.88 46.99
3/31/2016 32.21 49.94 35.49 56.96
4/30/2016 34.09 53.09 37.64 57.57
5/31/2016 35.40 55.47 38.41 60.40
6/30/2016 33.54 56.81 36.86 60.82
7/31/2016 40.12 61.37 42.64 66.75
8/31/2016 42.77 62.61 42.76 66.98
9/30/2016 42.28 62.27 43.52 67.01
10/31/2016 41.67 59.76 40.74 63.97
11/30/2016 48.96 68.89 42.77 70.04
12/31/2016 53.38 73.11 46.18 73.40
1/31/2017 54.72 74.34 49.71 76.69
2/28/2017 59.85 80.61 53.86 83.70
3/31/2017 57.99 78.77 55.50 83.92
4/30/2017 57.93 78.43 57.80 85.81
5/31/2017 56.53 78.26 61.14 88.42
6/30/2017 59.98 81.17 61.76 89.60
7/31/2017 63.27 83.58 65.63 93.50
8/31/2017 60.29 81.44 65.87 94.09
9/30/2017 65.07 86.81 69.59 98.09
10/31/2017 67.81 88.17 72.80 102.72
Date Dividends
12/20/2007 0.2009
3/28/2008 0.1358
6/27/2008 0.1431
9/26/2008 0.1363
12/18/2008 0.239
3/20/2009 0.1757
6/19/2009 0.2174
9/25/2009 0.1066
12/17/2009 0.1678
3/19/2010 0.0696
6/25/2010 0.0843
9/24/2010 0.0864
12/17/2010 0.203
3/25/2011 0.098
6/24/2011 0.1355
9/23/2011 0.0996
12/8/2011 0.3227
3/23/2012 0.1162
6/22/2012 0.1576
9/21/2012 0.1341
12/6/2012 0.334
3/22/2013 0.1311
6/21/2013 0.1743
9/20/2013 0.1855
12/11/2013 0.3976
3/21/2014 0.2161
6/20/2014 0.1241
9/19/2014 0.1816
12/9/2014 0.2461
3/19/2015 0.1561
6/18/2015 0.1773
9/24/2015 0.2275
12/8/2015 0.5066
3/24/2016 0.1321
6/23/2016 0.1406
9/22/2016 0.1787
12/12/2016 0.212
3/23/2017 0.1312
6/22/2017 0.1804
9/21/2017 0.1728

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 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 11/22/2017

Date 2012 2013 2014 2015 2016
Short Term 0.0709 0.5080 0.7101 0.4129
Long Term 0.2040 0.5971 1.0410 1.0579
Total Amount of Distribution 0.2750 1.1051 1.7510 1.4708
Record Date 12/4/12 12/9/13 12/8/14 12/7/15
Ex Div Date 12/5/12 12/10/13 12/9/14 12/8/15
Pay Date 12/6/12 12/11/13 12/9/14 12/8/15

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

Portfolio

Top Holdings

(44.6% of assets as of 10/31/2017)


Portfolio Holdings Breakdown

Country 7
Developed Markets 7
Equity Sector 7
Industry 7
Asset Allocation 7
Market Cap 8
Country Equity Income Fund Russell 1000® Value Index Overweight / Underweight
United States 93.7% 99.7% -6.0%
United Kingdom 4.0% 0.1% 4.0%
Developed Markets Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Americas 93.7% 99.7% -6.1%
Europe 4.0% 0.2% 3.8%
Equity Sector Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Financials 26.3% 26.6% -0.4%
Health Care 13.2% 13.7% -0.5%
Energy 12.1% 10.7% 1.4%
Information Technology 11.8% 8.6% 3.1%
Consumer Discretionary 7.8% 6.7% 1.2%
Consumer Staples 7.0% 8.4% -1.4%
Real Estate 5.6% 4.8% 0.9%
Industrials 4.8% 8.4% -3.5%
Utilities 3.7% 6.4% -2.7%
Telecommunication Services 3.6% 2.8% 0.8%
Materials 1.8% 3.0% -1.2%
Industry Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Banks 12.6% 12.7% -0.1%
Oil Gas & Consumable Fuels 12.1% 9.5% 2.6%
Pharmaceuticals 6.8% 6.7% 0.0%
Capital Markets 5.5% 4.1% 1.4%
Equity Real Estate Investment Trusts (REITs) 4.9% 4.6% 0.3%
Health Care Equipment & Supplies 4.2% 2.8% 1.4%
Diversified Telecommunication Services 3.6% 2.7% 0.9%
Food Products 3.5% 2.0% 1.5%
Technology Hardware Storage & Peripherals 3.5% 0.7% 2.8%
Media 3.4% 2.2% 1.2%
Software 3.0% 1.4% 1.5%
Insurance 3.0% 4.8% -1.8%
Semiconductors & Semiconductor Equipment 2.5% 2.9% -0.3%
Electric Utilities 2.4% 3.8% -1.5%
Household Durables 2.2% 0.7% 1.4%
Thrifts & Mortgage Finance 2.0% 0.1% 2.0%
Biotechnology 2.0% 1.2% 0.9%
Communications Equipment 1.9% 1.8% 0.0%
Food & Staples Retailing 1.8% 2.2% -0.4%
Mortgage Real Estate Investment Trusts (REITs) 1.7% 0.3% 1.4%
Asset Allocation Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Equity 96.9% 100.0% -3.1%
Fixed Income 0.9% - -
Market Cap Equity Income Fund Russell 1000® Value Index Overweight / Underweight
Large 70.4% 74.8% -4.3%
Mid 17.8% 22.2% -4.4%
Small 8.6% 2.9% 5.7%
Analytics
(As of 10/31/2017)

Morningstar 10/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
1102
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-3.79
-3.49
Beta
1.10
1.08
Information Ratio
-0.86
-0.81
R-Squared
90.25
90.82
Sharpe Ratio
0.41
0.94
Standard Deviation
11.95
11.25
Upside Capture
98.63
99.74
Downside Capture
130.25
130.24
Sortino Ratio
0.18
0.45
Win Ratio
39.00
42.00
Loss Ratio
61.00
58.00
Tracking Error
3.88
3.50
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
9/21/2017
Per Share ($)
$0.17
Net Income
92.40%
Net Profit from Sale
0.00%
Other Capital Sources
7.60%
12-Month Distribution ($)
$0.70
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$143.40 B
$120.80 B
Median Market Cap (weighted)
$94.20 B
$62.00 B
P/E Ratio (LTM)
18.19
19.19
P/E Ratio (NTM)
14.11
16.22
Price/Book
1.74
2.03
Debt to Capital Ratio
51.32
45.05
Turnover Ratio
41.00%
-
Yields
Standardized Yield
2.17%
Documents
  1. 1. On 8/1/07, the Fund's investment objective changed from "seeks capital appreciation" to "seeks total return." Performance prior to 8/1/07 is not indicative of performance for any subsequent periods.
  2. 2. Special Risks: 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. 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.
  5. 5. Access index definitions.
  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, 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.
  8. 8. 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.
  9. 9. 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.
  10. 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.
  11. 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.
  12. 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.
  13. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  14. 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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