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OGRIX

Value Fund

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Overview

The Strategy typically invests primarily in large company value stocks.

Inception Date
February 28, 2012
Investment Style
Large Cap Value
Fund Index
Russell 1000® Value Index
CUSIP
68380J774
NAV
  • B
(as of 03/18/2019)
$33.45
Total Assets
(as of 02/28/2019)
$1.36 BN
Gross Expense Ratio
(as of 02/28/2019)
0.52%
Net Expense Ratio
(as of 02/28/2019)
0.52%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 02/28/2019
  • G
as of 12/31/2018
  • G

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Value Fund (NAV)
-11.00% -11.00% 5.36% 4.66% - 8.35%
Russell 1000® Value Index
-8.27% -8.27% 6.95% 5.95% 11.18% -
Cumulative
Annualized
ytd as of 2019-02-28
  • D
1 yr 3 yr 5 yr 10 yr since inception
Value Fund (NAV)
11.48% -1.18% 12.25% 6.78% - 9.84%
Russell 1000® Value Index
11.23% 3.16% 12.80% 8.09% 15.39% -
Gross Expense Ratio: 0.52% | Net Expense Ratio: 0.52%

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 Value Fund Russell 1000® Value Index
2013 30.80% 32.53%
2014 11.07% 13.45%
2015 -3.34% -3.83%
2016 12.87% 17.34%
2017 16.45% 13.66%
2018 -11.00% -8.27%

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 Value Fund Russell 1000® Value Index MSCI World S&P 500
2/28/2009 0.00 0.00 0.00 0.00
3/31/2009 8.66 8.55 7.54 8.76
4/30/2009 19.73 20.19 19.60 19.17
5/31/2009 29.33 27.62 30.44 25.83
6/30/2009 29.80 26.68 29.85 26.08
7/31/2009 37.83 37.04 40.85 35.62
8/31/2009 45.63 44.21 46.66 40.52
9/30/2009 51.09 49.78 52.51 45.76
10/31/2009 47.74 45.20 49.79 43.05
11/30/2009 53.35 53.38 55.92 51.63
12/31/2009 55.00 56.10 58.72 54.56
1/31/2010 49.05 51.71 52.16 49.00
2/28/2010 53.17 56.50 54.30 53.62
3/31/2010 62.77 66.68 63.86 62.89
4/30/2010 65.31 71.00 63.88 65.46
5/31/2010 52.22 56.94 48.18 52.25
6/30/2010 42.38 48.11 43.10 44.28
7/31/2010 53.65 58.13 54.70 54.39
8/31/2010 46.11 51.37 48.93 47.42
9/30/2010 58.56 63.11 62.81 60.57
10/31/2010 66.10 68.01 68.88 66.68
11/30/2010 65.47 67.12 65.24 66.70
12/31/2010 78.48 80.30 77.39 77.84
1/31/2011 82.89 84.38 81.39 82.06
2/28/2011 87.63 91.18 87.74 88.30
3/31/2011 89.23 91.94 85.89 88.37
4/30/2011 95.65 97.05 93.79 93.95
5/31/2011 94.69 94.97 89.77 91.76
6/30/2011 89.31 90.97 86.77 88.56
7/31/2011 81.37 84.64 83.38 84.72
8/31/2011 68.93 73.12 70.46 74.69
9/30/2011 55.12 60.03 55.74 62.41
10/31/2011 72.06 78.36 71.85 80.16
11/30/2011 69.89 77.43 67.65 79.76
12/31/2011 70.72 81.01 67.56 81.60
1/31/2012 77.90 87.85 75.97 89.74
2/29/2012 84.43 95.34 84.56 97.94
3/31/2012 88.43 101.13 86.93 104.46
4/30/2012 85.41 99.08 84.81 103.17
5/31/2012 73.25 87.41 68.86 90.96
6/30/2012 78.80 96.71 77.46 98.83
7/31/2012 81.33 98.75 79.74 101.59
8/31/2012 86.23 103.06 84.30 106.13
9/30/2012 91.20 109.51 89.36 111.46
10/31/2012 91.20 108.48 88.08 107.56
11/30/2012 90.80 108.39 90.49 108.76
12/31/2012 94.58 112.70 94.08 110.66
1/31/2013 105.13 126.52 103.96 121.57
2/28/2013 105.79 129.77 104.30 124.58
3/31/2013 114.93 138.88 109.08 133.00
4/30/2013 118.59 142.49 115.67 137.49
5/31/2013 124.32 148.71 115.75 143.05
6/30/2013 121.16 146.52 110.43 139.79
7/31/2013 133.29 159.83 121.51 151.99
8/31/2013 125.24 149.97 116.80 144.69
9/30/2013 134.21 156.24 127.64 152.36
10/31/2013 143.43 167.46 136.55 163.96
11/30/2013 148.33 174.92 140.75 172.01
12/31/2013 154.30 181.88 145.85 178.89
1/31/2014 144.69 171.87 136.74 169.25
2/28/2014 156.33 183.63 148.59 181.57
3/31/2014 159.86 190.40 148.95 183.93
4/30/2014 161.21 193.16 151.50 186.03
5/31/2014 166.80 197.45 156.45 192.75
6/30/2014 173.52 205.22 161.04 198.79
7/31/2014 168.67 200.02 156.87 194.67
8/31/2014 178.37 211.05 162.53 206.46
9/30/2014 171.16 204.63 155.41 202.16
10/31/2014 174.06 211.48 157.06 209.54
11/30/2014 180.11 217.85 162.21 217.87
12/31/2014 181.94 219.80 157.99 217.07
1/31/2015 168.59 207.02 153.31 207.55
2/28/2015 183.82 221.88 168.15 225.23
3/31/2015 181.55 217.49 163.95 220.08
4/30/2015 185.07 220.46 170.14 223.15
5/31/2015 190.31 224.31 171.08 227.31
6/30/2015 184.27 217.84 164.77 220.97
7/31/2015 188.66 219.23 169.52 227.70
8/31/2015 171.00 200.22 151.69 207.93
9/30/2015 161.09 191.16 142.41 200.31
10/31/2015 179.06 213.12 161.61 225.64
11/30/2015 180.10 214.32 160.31 226.61
12/31/2015 171.93 207.56 155.74 221.46
1/31/2016 152.84 191.67 140.44 205.50
2/29/2016 150.76 191.60 138.65 205.09
3/31/2016 170.16 212.60 154.84 225.79
4/30/2016 173.55 219.17 158.88 227.05
5/31/2016 177.73 224.13 160.33 232.93
6/30/2016 175.05 226.93 157.41 233.79
7/31/2016 183.44 236.42 168.29 246.09
8/31/2016 186.67 239.02 168.51 246.58
9/30/2016 189.08 238.31 169.94 246.65
10/31/2016 183.55 233.07 164.71 240.32
11/30/2016 201.62 252.10 168.52 252.93
12/31/2016 206.39 260.90 174.94 259.90
1/31/2017 212.48 263.47 181.58 266.73
2/28/2017 222.73 276.53 189.39 281.29
3/31/2017 219.20 272.69 192.48 281.73
4/30/2017 220.35 271.99 196.81 285.65
5/31/2017 221.76 271.63 203.08 291.08
6/30/2017 226.89 277.70 204.25 293.52
7/31/2017 232.31 282.72 211.53 301.61
8/31/2017 229.73 278.26 211.97 302.84
9/30/2017 238.80 289.47 218.97 311.15
10/31/2017 242.28 292.30 225.00 320.75
11/30/2017 251.45 304.31 232.04 333.65
12/31/2017 256.07 310.21 236.53 338.47
1/31/2018 272.60 326.07 254.30 363.58
2/28/2018 257.38 305.72 239.62 346.49
3/31/2018 251.36 298.59 232.22 335.15
4/30/2018 253.52 299.90 236.04 336.82
5/31/2018 254.55 302.28 238.15 347.33
6/30/2018 251.87 303.27 237.98 350.09
7/31/2018 266.07 319.23 248.54 366.84
8/31/2018 267.86 325.43 252.85 382.05
9/30/2018 269.20 326.27 254.82 384.79
10/31/2018 244.18 304.20 228.76 351.66
11/30/2018 250.41 316.27 232.50 360.86
12/31/2018 216.46 276.30 207.22 319.25
1/31/2019 242.67 305.59 231.12 352.85
2/28/2019 252.58 318.54 241.08 367.39

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 03/19/2019

Date 2014 2015 2016 2017 2018
Short Term 0.2417
Long Term 1.6597 3.5983
Total Amount of Distribution 1.6597 3.8400
Record Date 12/8/17 12/7/18
Ex Div Date 12/11/17 12/10/18
Pay Date 12/11/17 12/10/18

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

Portfolio

Top Issuers

(46.0% of assets as of 02/28/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Value Fund Russell 1000® Value Index Overweight / Underweight
United States 90.8% 99.7% -8.9%
Canada 4.3% - -
Netherlands 1.4% 0.2% 1.2%
Developed Markets Value Fund Russell 1000® Value Index Overweight / Underweight
Americas 95.1% 99.7% -4.6%
Europe 1.4% 0.2% 1.2%
Equity Sector Value Fund Russell 1000® Value Index Overweight / Underweight
Financials 17.9% 22.5% -4.7%
Health Care 17.8% 15.1% 2.7%
Energy 11.6% 9.5% 2.2%
Information Technology 9.6% 9.7% -0.1%
Consumer Staples 9.0% 7.7% 1.2%
Industrials 7.8% 7.8% 0.0%
Consumer Discretionary 6.5% 5.3% 1.2%
Real Estate 5.2% 5.0% 0.2%
Communication Services 4.6% 7.1% -2.5%
Materials 3.2% 4.0% -0.8%
Utilities 3.2% 6.3% -3.1%
Industry Value Fund Russell 1000® Value Index Overweight / Underweight
Oil Gas & Consumable Fuels 11.3% 8.7% 2.6%
Banks 11.3% 11.1% 0.2%
Health Care Equipment & Supplies 6.1% 4.0% 2.0%
Pharmaceuticals 5.6% 7.0% -1.3%
Equity Real Estate Investment Trusts (REITs) 5.2% 4.9% 0.4%
Health Care Providers & Services 4.1% 2.3% 1.7%
Capital Markets 4.0% 3.2% 0.9%
Beverages 3.3% 0.5% 2.8%
Electric Utilities 3.2% 3.7% -0.5%
Communications Equipment 3.1% 2.1% 1.0%
Machinery 3.1% 1.4% 1.7%
Software 2.8% 1.6% 1.2%
Insurance 2.6% 4.2% -1.7%
Diversified Telecommunication Services 2.5% 3.6% -1.1%
Automobiles 1.9% 0.7% 1.1%
Food & Staples Retailing 1.9% 1.8% 0.1%
Multiline Retail 1.8% 0.6% 1.2%
Household Products 1.8% 2.3% -0.5%
Tobacco 1.7% 1.0% 0.7%
Chemicals 1.5% 2.8% -1.2%
Asset Allocation Value Fund Russell 1000® Value Index Overweight / Underweight
Equity 96.4% 100.0% -3.6%
Market Cap Value Fund Russell 1000® Value Index Overweight / Underweight
Large 86.0% 79.8% 6.2%
Mid 10.2% 19.1% -9.0%
Small 0.2% 1.0% -0.8%
Analytics
(As of 02/28/2019)

Morningstar 02/28/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
1095
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-0.76
-1.48
Beta
1.03
1.04
Information Ratio
-0.23
-0.54
R-Squared
95.86
95.97
Sharpe Ratio
0.94
0.55
Standard Deviation
11.78
11.82
Upside Capture
95.56
97.64
Downside Capture
95.39
107.11
Sortino Ratio
1.45
0.82
Win Ratio
50.00
45.00
Loss Ratio
50.00
55.00
Tracking Error
2.43
2.42
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$127.08 B
$124.48 B
Median Market Cap (weighted)
$79.05 B
$66.45 B
P/E Ratio (LTM)
15.77
16.44
P/E Ratio (NTM)
14.36
14.16
Price/Book
2.33
2.09
Return on Equity
15.74%
12.96%
EPS Growth Rate 3Y
6.60%
3.56%
EPS Growth Rate 5Y
5.42%
3.45%
Sales Growth Rate 3Y
5.05%
-
Sales Growth Rate 5Y
2.07%
-
Turnover Ratio
45%
-
Active Share
68.25%
-
Dividends
  • E
Est. Frequency
Quarterly
Last Pay Date
12/10/2018
Per Share ($)
$0.1760
12-Month Distribution ($)
$0.6781
Distribution Sources
  • E
Net Income
3.50%
Net Profit from Sale
96.10%
Other Capital Sources
0.40%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. 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. Value investing involves the risk that undervalued securities may not appreciate as anticipated. 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. The Russell 1000® Value Index measures the performance of the large-cap value segment of the U.S. equity universe. It includes those Russell 1000 companies with lower price-to-book ratios and lower expected growth values. The index is unmanaged, includes the reinvestment of dividends and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  4. 4. Holdings are subject to change, and are dollar weighted based on total new 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. 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.
  7. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  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. 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.
  13. G. 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.
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