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OLTIX

Limited-Term Government Fund

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Overview

The Strategy typically invests in limited-term U.S. Government and agency debt securities.

Inception Date
December 28, 2012
Investment Style
Limited Term U.S. Government
Fund Index
Bloomberg Barclays US Govt 1-3 Year Bond Index
CUSIP
68380F608
NAV
  • A
(as of 06/15/2018)
$4.32
Total Assets
(as of 05/31/2018)
$1.04 BN
Gross Expense Ratio
(as of 05/31/2018)
0.48%
Net Expense Ratio
(as of 05/31/2018)
0.48%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 05/31/2018
  • B
as of 03/31/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr since inception
Limited-Term Government Fund (NAV)
-0.18% -0.18% 0.48% 0.60% 0.81% 0.79%
Bloomberg Barclays US Govt 1-3 Year Bond Index
-0.15% -0.15% 0.02% 0.40% 0.53% -
Cumulative
Annualized
3 mo ytd as of 2018-05-31
  • C
1 yr 3 yr 5 yr since inception
Limited-Term Government Fund (NAV)
0.29% -0.06% 0.09% 0.65% 0.88% 0.78%
Bloomberg Barclays US Govt 1-3 Year Bond Index
0.40% 0.05% -0.06% 0.42% 0.57% -
Gross Expense Ratio: 0.48% | Net Expense Ratio: 0.48%

The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Year Limited-Term Government Fund Bloomberg Barclays US Govt 1-3 Year Bond Index
2013 -0.15% 0.37%
2014 1.51% 0.64%
2015 0.87% 0.57%
2016 1.02% 0.87%
2017 1.07% 0.45%

The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Date Limited-Term Government Fund Bloomberg Barclays US Government 1-3 Year Bond Index
BBG Barclays Agg
5/31/2013 0.00 0.00 0.00
6/30/2013 -0.44 -0.07 -1.55
7/31/2013 -0.31 0.09 -1.41
8/31/2013 -0.49 -0.01 -1.92
9/30/2013 -0.14 0.22 -0.99
10/31/2013 0.22 0.33 -0.19
11/30/2013 0.16 0.43 -0.56
12/31/2013 0.00 0.29 -1.12
1/31/2014 0.46 0.45 0.34
2/28/2014 0.71 0.55 0.87
3/31/2014 0.52 0.43 0.70
4/30/2014 0.89 0.57 1.55
5/31/2014 1.14 0.75 2.71
6/30/2014 1.26 0.71 2.76
7/31/2014 1.06 0.62 2.50
8/31/2014 1.32 0.79 3.63
9/30/2014 1.23 0.74 2.93
10/31/2014 1.61 1.03 3.94
11/30/2014 1.85 1.18 4.68
12/31/2014 1.50 0.93 4.78
1/31/2015 2.22 1.46 6.97
2/28/2015 2.13 1.24 5.97
3/31/2015 2.50 1.48 6.46
4/30/2015 2.54 1.52 6.08
5/31/2015 2.46 1.60 5.82
6/30/2015 2.38 1.62 4.67
7/31/2015 2.65 1.68 5.40
8/31/2015 2.46 1.64 5.24
9/30/2015 3.02 1.95 5.96
10/31/2015 2.94 1.85 5.97
11/30/2015 2.63 1.61 5.69
12/31/2015 2.44 1.51 5.35
1/31/2016 3.04 2.13 6.80
2/29/2016 2.96 2.24 7.56
3/31/2016 3.32 2.42 8.55
4/30/2016 3.45 2.45 8.96
5/31/2016 3.36 2.35 8.99
6/30/2016 3.95 2.95 10.95
7/31/2016 4.07 2.89 11.65
8/31/2016 3.97 2.72 11.52
9/30/2016 4.33 2.85 11.46
10/31/2016 4.23 2.78 10.61
11/30/2016 3.43 2.36 7.99
12/31/2016 3.49 2.39 8.14
1/31/2017 3.63 2.53 8.35
2/28/2017 3.76 2.63 9.08
3/31/2017 3.91 2.67 9.02
4/30/2017 4.05 2.82 9.87
5/31/2017 4.44 2.96 10.71
6/30/2017 4.37 2.88 10.60
7/31/2017 4.53 3.09 11.08
8/31/2017 4.95 3.30 12.07
9/30/2017 4.65 3.13 11.54
10/31/2017 4.81 3.06 11.60
11/30/2017 4.50 2.84 11.46
12/31/2017 4.59 2.85 11.97
1/31/2018 4.31 2.54 10.68
2/28/2018 4.23 2.49 9.63
3/31/2018 4.40 2.70 10.34
4/30/2018 4.35 2.52 9.52
5/31/2018 4.53 2.90 10.30
Date Dividends
6/28/2013 0.0095
7/31/2013 0.012
8/30/2013 0.0134
9/30/2013 0.0118
10/31/2013 0.0134
11/29/2013 0.0144
12/30/2013 0.0651
1/31/2014 0.0126
2/28/2014 0.0127
3/31/2014 0.0126
4/30/2014 0.0132
5/30/2014 0.0126
6/30/2014 0.0112
7/31/2014 0.0116
8/29/2014 0.0135
9/30/2014 0.0119
10/31/2014 0.0137
11/28/2014 0.0118
12/31/2014 0.059
1/30/2015 0.0139
2/27/2015 0.0119
3/31/2015 0.0127
4/30/2015 0.0135
5/29/2015 0.0131
6/30/2015 0.0128
7/31/2015 0.0139
8/31/2015 0.013
9/30/2015 0.0097
10/30/2015 0.0067
11/30/2015 0.0064
12/31/2015 0.0217
1/29/2016 0.0061
2/29/2016 0.0062
3/31/2016 0.0056
4/29/2016 0.0059
5/31/2016 0.0059
6/30/2016 0.0055
7/29/2016 0.0053
8/31/2016 0.0057
9/30/2016 0.0056
10/31/2016 0.0055
11/30/2016 0.0058
12/30/2016 0.0224
1/31/2017 0.0058
2/28/2017 0.0059
3/31/2017 0.0061
4/28/2017 0.0059
5/31/2017 0.0068
6/30/2017 0.0069
7/31/2017 0.0069
8/31/2017 0.0077
9/29/2017 0.0072
10/31/2017 0.0067
11/30/2017 0.0073
12/29/2017 0.0238
1/31/2018 0.008
2/28/2018 0.0068
3/29/2018 0.0073
4/30/2018 0.0077
5/31/2018 0.0075

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 investments 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 and reinvested distributions. Class I 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 06/15/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date

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

Portfolio

Top Fixed Income Sectors

(100.1% of assets as of 05/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Credit Rating Allocation
Country Limited-Term Government Fund Bloomberg Barclays US Govt 1-3 Year Bond Index Overweight / Underweight
United States 117.9% 100.0% 17.9%
Developed Markets Limited-Term Government Fund Bloomberg Barclays US Govt 1-3 Year Bond Index Overweight / Underweight
Americas 117.9% 100.0% 17.9%
Credit Rating Allocation Limited-Term Government Fund Bloomberg Barclays US Govt 1-3 Year Bond Index Overweight / Underweight
Agency 93.4% 6.9% 86.5%
AAA 14.1% 0.1% 14.0%
AA 1.2% - -
A 2.3% - -
BBB 4.8% - -
BB 0.3% - -
CCC 0.1% - -
Unrated 1.8% 0.0% 1.7%
Analytics
(As of 05/31/2018)

Morningstar 05/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
101
Category
Short Government
Performance Statistics
3Y
5Y
Alpha
0.25
0.27
Beta
1.12
1.20
Information Ratio
0.48
0.61
R-Squared
77.74
76.99
Sharpe Ratio
-0.01
0.47
Standard Deviation
0.96
0.97
Sortino Ratio
-0.01
0.22
Tracking Error
0.47
0.50
Dividends
  • D
Est. Frequency
Monthly
Last Pay Date
5/31/2018
Per Share ($)
$0.0075
12-Month Distribution ($)
$0.1038
Portfolio Characteristics
Fund
Fund Index
Yield to Maturity
2.85%
-
Yield to Worst
2.53%
2.42%
Current Duration
2.50 yrs
-
Average Coupon
3.73%
-
Convexity
-0.7
0.0
Option Adjusted Spread
39.52 bps
0.42 bps
Turnover Ratio
150%
-
Yields
Dividend Yield (w/o sales charge)
2.04%
Standardized Yield
2.82%
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. The Fund's investment objective changed from "seeks high current return and safety of principal" to "seeks income" on 12/28/12.
  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. Mortgage-backed securities are subject to prepayment risk. U.S. Government securities are backed by the full faith and credit of the U.S. Government, meaning, that payment of interest and principal is guaranteed, but yield and market value are not. May invest up to 20% in non-U.S. Government securities, which carry greater credit risk. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments.
  3. 3. 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.
  4. 4. 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.
  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. The dividend (or distribution) yield is based on the pay date immediately preceding the nearest month-end or quarter-end. The dividend yield for each share class is calculated by annualizing the dividend distributed by the class on that date and dividing that figure by the class's net asset value on that date. For the Class A dividend yield with sales charge, the annualized Class A dividend distribution is divided by the Class A maximum offering price on that date. Each result is compounded semiannually and annualized. Falling share prices artificially increase yields.
  7. 7. 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.
  8. 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.
  9. B. The performance data quoted represents past performance, which does not guarantee future results. The investments 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 and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
  10. 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.
  11. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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