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Capital Appreciation Fund/VA

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Overview

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

Inception Date
April 3, 1985
Investment Style
Large Cap Growth
Fund Index
Russell 1000® Growth Index
CUSIP
683811301
NAV
  • A
(as of 07/20/2018)
$56.57
Total Assets
(as of 06/30/2018)
$761.15 MM
Gross Expense Ratio
(as of 06/30/2018)
0.84%
Net Expense Ratio
(as of 06/30/2018)
0.80%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2018
  • B
as of 06/30/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (NAV)
4.69% 15.24% 8.88% 13.12% 7.92% 10.14%
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (with sales charge)
4.69% 15.24% 8.88% 13.12% 7.92% 10.14%
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (NAV)
4.69% 15.24% 8.88% 13.12% 7.92% 10.14%
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (with sales charge)
4.69% 15.24% 8.88% 13.12% 7.92% 10.14%
Gross Expense Ratio: 0.84% | Net Expense Ratio: 0.80%

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. The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names. The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund. Such performance would have been lower if such charges were taken into account.


Year Capital Appreciation Fund/VA
1986 17.76%
1987 3.31%
1988 22.09%
1989 23.59%
1990 -8.21%
1991 25.54%
1992 14.53%
1993 7.25%
1994 0.97%
1995 36.66%
1996 25.20%
1997 26.68%
1998 24.00%
1999 41.66%
2000 -0.23%
2001 -12.58%
2002 -26.86%
2003 30.94%
2004 6.93%
2005 5.10%
2006 7.95%
2007 14.15%
2008 -45.52%
2009 44.52%
2010 9.42%
2011 -1.15%
2012 14.12%
2013 29.74%
2014 15.41%
2015 3.54%
2016 -2.20%
2017 26.83%

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. The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names. The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund. Such performance would have been lower if such charges were taken into account.


Date Capital Appreciation Fund/VA Russell 1000® Growth Index MSCI World S&P 500
6/30/2008 0.00 0.00 0.00 0.00
7/31/2008 -3.28 -1.90 -2.44 -0.84
8/31/2008 -2.86 -0.84 -3.81 0.59
9/30/2008 -17.41 -12.33 -15.25 -8.37
10/31/2008 -33.29 -27.76 -31.32 -23.76
11/30/2008 -41.78 -33.51 -35.77 -29.23
12/31/2008 -40.32 -32.31 -33.71 -28.48
1/31/2009 -42.01 -35.56 -39.51 -34.51
2/28/2009 -45.76 -40.41 -45.71 -41.48
3/31/2009 -40.95 -35.10 -41.61 -36.35
4/30/2009 -34.53 -28.86 -35.06 -30.26
5/31/2009 -30.21 -25.34 -29.18 -26.36
6/30/2009 -29.67 -24.50 -29.50 -26.21
7/31/2009 -24.67 -19.14 -23.53 -20.63
8/31/2009 -23.65 -17.46 -20.37 -17.77
9/30/2009 -20.07 -13.95 -17.20 -14.70
10/31/2009 -21.92 -15.12 -18.67 -16.28
11/30/2009 -17.46 -9.90 -15.35 -11.26
12/31/2009 -13.75 -7.12 -13.83 -9.55
1/31/2010 -18.65 -11.17 -17.39 -12.80
2/28/2010 -16.08 -8.12 -16.22 -10.10
3/31/2010 -10.61 -2.80 -11.04 -4.68
4/30/2010 -11.68 -1.72 -11.02 -3.17
5/31/2010 -19.21 -9.22 -19.55 -10.90
6/30/2010 -23.84 -14.22 -22.30 -15.57
7/31/2010 -19.56 -8.10 -16.00 -9.65
8/31/2010 -22.89 -12.39 -19.14 -13.73
9/30/2010 -14.72 -3.07 -11.60 -6.03
10/31/2010 -10.89 1.56 -8.31 -2.46
11/30/2010 -10.68 2.74 -10.29 -2.44
12/31/2010 -5.62 8.40 -3.69 4.08
1/31/2011 -4.48 11.16 -1.51 6.54
2/28/2011 -0.81 14.80 1.93 10.19
3/31/2011 -1.31 14.94 0.93 10.24
4/30/2011 1.74 18.79 5.22 13.50
5/31/2011 0.57 17.50 3.03 12.22
6/30/2011 -0.47 15.81 1.40 10.35
7/31/2011 -1.71 14.65 -0.43 8.10
8/31/2011 -7.46 8.60 -7.45 2.23
9/30/2011 -15.09 0.60 -15.44 -4.96
10/31/2011 -5.11 11.64 -6.70 5.43
11/30/2011 -5.54 11.63 -8.97 5.20
12/31/2011 -6.71 11.27 -9.03 6.27
1/31/2012 -1.62 17.91 -4.46 11.04
2/29/2012 3.81 23.55 0.21 15.84
3/31/2012 6.50 27.61 1.50 19.65
4/30/2012 6.22 27.41 0.34 18.90
5/31/2012 -0.82 19.24 -8.32 11.75
6/30/2012 0.98 22.48 -3.65 16.36
7/31/2012 2.16 24.12 -2.41 17.97
8/31/2012 5.71 27.46 0.07 20.63
9/30/2012 7.55 29.96 2.81 23.75
10/31/2012 3.89 26.17 2.12 21.46
11/30/2012 6.11 28.28 3.43 22.17
12/31/2012 6.46 28.24 5.37 23.28
1/31/2013 10.81 33.74 10.74 29.67
2/28/2013 12.16 35.40 10.92 31.43
3/31/2013 15.84 40.48 13.52 36.36
4/30/2013 16.60 43.47 17.10 38.98
5/31/2013 18.58 46.13 17.14 42.24
6/30/2013 15.72 43.38 14.25 40.33
7/31/2013 21.66 50.98 20.27 47.47
8/31/2013 19.34 48.40 17.71 43.19
9/30/2013 24.64 55.01 23.60 47.69
10/31/2013 29.77 61.87 28.43 54.47
11/30/2013 33.68 66.43 30.72 59.18
12/31/2013 38.12 71.19 33.48 63.21
1/31/2014 34.11 66.31 28.54 57.57
2/28/2014 42.51 74.87 34.97 64.78
3/31/2014 38.08 73.10 35.17 66.16
4/30/2014 36.74 73.11 36.55 67.39
5/31/2014 42.56 78.50 39.24 71.32
6/30/2014 46.97 81.98 41.73 74.86
7/31/2014 47.24 79.20 39.47 72.45
8/31/2014 53.53 87.41 42.54 79.34
9/30/2014 51.57 84.69 38.67 76.83
10/31/2014 55.28 89.56 39.57 81.15
11/30/2014 59.82 95.56 42.37 86.02
12/31/2014 59.41 93.53 40.07 85.55
1/31/2015 56.97 90.56 37.53 79.98
2/28/2015 67.20 103.26 45.59 90.33
3/31/2015 65.06 100.95 43.31 87.32
4/30/2015 63.95 101.96 46.67 89.11
5/31/2015 66.38 104.80 47.18 91.54
6/30/2015 66.04 101.19 43.76 87.84
7/31/2015 70.85 108.02 46.34 91.77
8/31/2015 58.84 95.38 36.65 80.20
9/30/2015 52.26 90.55 31.61 75.74
10/31/2015 65.98 106.96 42.04 90.57
11/30/2015 67.64 107.54 41.34 91.13
12/31/2015 65.05 104.49 38.85 88.12
1/31/2016 53.42 93.08 30.54 78.78
2/29/2016 47.50 92.99 29.57 78.54
3/31/2016 53.48 106.01 38.37 90.66
4/30/2016 51.82 104.13 40.56 91.39
5/31/2016 56.84 108.09 41.34 94.83
6/30/2016 54.68 107.28 39.76 95.34
7/31/2016 63.09 117.06 45.67 102.54
8/31/2016 62.29 115.98 45.79 102.82
9/30/2016 63.75 116.77 46.56 102.86
10/31/2016 58.88 111.68 43.72 99.16
11/30/2016 59.82 116.29 45.79 106.54
12/31/2016 61.42 118.96 49.28 110.62
1/31/2017 68.16 126.34 52.88 114.61
2/28/2017 74.84 135.74 57.12 123.14
3/31/2017 78.01 138.47 58.80 123.40
4/30/2017 82.68 143.92 61.15 125.69
5/31/2017 86.02 150.27 64.56 128.87
6/30/2017 85.98 149.61 65.19 130.29
7/31/2017 89.14 156.24 69.14 135.03
8/31/2017 91.79 160.94 69.38 135.75
9/30/2017 93.26 164.33 73.18 140.61
10/31/2017 97.96 174.57 76.46 146.23
11/30/2017 102.67 182.92 80.28 153.78
12/31/2017 104.73 185.12 82.72 156.60
1/31/2018 119.03 205.31 92.37 171.29
2/28/2018 110.94 197.31 84.40 161.29
3/31/2018 103.37 189.15 80.38 154.65
4/30/2018 103.88 190.16 82.45 155.63
5/31/2018 113.62 202.88 83.59 161.79
6/30/2018 114.33 205.80 83.51 163.40

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. The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names. The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund. Such performance would have been lower if such charges were taken into account.

$ per share as of 07/21/2018

Date 2014 2015 2016 2017 2018
Short Term 1.7122 1.8454
Long Term 1.4691 10.0774 5.4637 5.0057 2.5434
Total Amount of Distribution 1.4691 11.7896 5.4637 5.0057 4.3888
Record Date 6/16/14 6/15/15 6/20/16 6/19/17 6/18/18
Ex Div Date 6/17/14 6/16/15 6/21/16 6/20/17 6/19/18
Pay Date 6/18/14 6/16/15 6/21/16 6/20/17 6/19/18

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

Portfolio

Top Issuers

(59.7% of assets as of 06/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
United States 97.4% 99.9% -2.5%
Canada 1.5% - -
Belgium 0.5% - -
Developed Markets Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Americas 99.0% 99.9% -1.0%
Europe 0.5% 0.0% 0.5%
Equity Sector Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Information Technology 46.3% 41.5% 4.7%
Consumer Discretionary 17.5% 17.9% -0.4%
Health Care 12.9% 13.4% -0.5%
Industrials 10.4% 11.9% -1.5%
Financials 5.2% 4.4% 0.7%
Consumer Staples 2.1% 5.7% -3.6%
Energy 2.1% 1.0% 1.1%
Utilities 1.5% - -
Materials 1.5% 1.8% -0.3%
Industry Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Software 14.7% 10.7% 3.9%
Internet Software & Services 12.7% 9.9% 2.8%
IT Services 7.4% 8.1% -0.7%
Internet & Direct Marketing Retail 7.0% 7.6% -0.6%
Specialty Retail 6.5% 3.8% 2.6%
Technology Hardware Storage & Peripherals 6.0% 7.3% -1.4%
Biotechnology 5.6% 5.0% 0.5%
Semiconductors & Semiconductor Equipment 4.9% 4.5% 0.4%
Health Care Providers & Services 4.3% 3.2% 1.1%
Capital Markets 4.2% 2.4% 1.9%
Hotels Restaurants & Leisure 3.1% 2.1% 1.1%
Machinery 2.2% 2.2% 0.0%
Aerospace & Defense 2.1% 3.5% -1.4%
Oil Gas & Consumable Fuels 2.1% 0.7% 1.4%
Road & Rail 1.9% 1.2% 0.8%
Commercial Services & Supplies 1.6% 0.5% 1.1%
Gas Utilities 1.5% - -
Airlines 1.4% 0.2% 1.2%
Health Care Equipment & Supplies 1.2% 2.5% -1.3%
Food Products 1.2% 0.2% 0.9%
Asset Allocation Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Equity 99.5% 100.0% -0.5%
Market Cap Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Large 83.3% 86.7% -3.4%
Mid 13.5% 13.2% 0.4%
Small 2.7% 0.2% 2.5%
Analytics
(As of 06/30/2018)

Morningstar 06/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
240
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-6.20
-3.42
Beta
1.06
1.04
Information Ratio
-1.73
-0.95
R-Squared
91.96
91.22
Sharpe Ratio
0.70
1.10
Standard Deviation
12.24
11.45
Upside Capture
93.26
96.50
Downside Capture
144.91
124.93
Sortino Ratio
0.32
0.57
Win Ratio
33.00
38.00
Loss Ratio
67.00
62.00
Tracking Error
3.53
3.42
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.1866
12-Month Distribution ($)
$0.1866
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$276.37 B
$36.15 B
Median Market Cap (weighted)
$97.80 B
$24.68 B
P/E Ratio (LTM)
24.86
27.82
P/E Ratio (NTM)
19.29
20.04
Price/Book
5.60
4.18
Return on Equity
23.38%
18.44%
Turnover Ratio
26%
-
Distribution Sources
  • D
Net Income
3.00%
Net Profit from Sale
97.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. Paul Larson was added as portfolio manager of the Fund as of October 5, 2016. Michael Kotlarz will no longer be portfolio manager of the Fund as of October 5, 2016.
  2. 2. Special Risks: Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Investments in securities of growth companies may be volatile. 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. 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. 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.
  8. B. 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. The Fund's total returns should not be expected to be the same as the returns of other funds, whether or not both funds have the same portfolio managers and/or similar names. The Fund's total returns include reinvested distributions but do not include the charges associated with the separate account products that offer this Fund. Such performance would have been lower if such charges were taken into account.
  9. 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.
  10. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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