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OTCNX

Capital Appreciation Fund

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Overview

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

Inception Date
March 1, 2001
Investment Style
Large Cap Growth
Fund Index
Russell 1000® Growth
CUSIP
68379A503
NAV
  • A
(as of 11/16/2017)
$58.78
Total Assets
(as of 10/31/2017)
$5.13 BN
Gross Expense Ratio
(as of 10/31/2017)
1.32%
Net Expense Ratio
(as of 10/31/2017)
1.32%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2017
  • I
as of 09/30/2017
  • I

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • I
Cumulative
Annualized
ytd as of 2017-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (NAV)
- 17.43% 7.90% 11.83% 4.87% 4.03%
Cumulative
Annualized
ytd as of 2017-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (with sales charge)
19.28% 17.43% 7.90% 11.83% 4.87% 4.03%
Cumulative
Annualized
ytd as of 2017-10-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (NAV)
- 24.00% 7.90% 13.16% 4.88% 4.16%
Cumulative
Annualized
ytd as of 2017-10-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (with sales charge)
22.16% 24.00% 7.90% 13.16% 4.88% 4.16%
Gross Expense Ratio: 1.32% | Net Expense Ratio: 1.32%

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 are subject to a 0.25% annual asset-backed sales charge. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). Returns do not consider capital gains or income taxes on an individual's investment.


Year Capital Appreciation Fund Russell 1000® Growth
2002 -26.41% -27.88%
2003 29.12% 29.75%
2004 6.06% 6.30%
2005 4.30% 5.26%
2006 7.14% 9.07%
2007 13.40% 11.81%
2008 -46.06% -38.44%
2009 43.40% 37.21%
2010 8.82% 16.71%
2011 -1.84% 2.64%
2012 13.41% 15.26%
2013 28.90% 33.48%
2014 14.77% 13.05%
2015 2.96% 5.67%
2016 -2.61% 7.08%

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 are subject to a 0.25% annual asset-backed sales charge. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). Returns do not consider capital gains or income taxes on an individual's investment.


Date Capital Appreciation Fund Russell 1000® Growth Index MSCI World S&P 500
10/31/2007 0.00 0.00 0.00 0.00
11/30/2007 -4.88 -3.68 -4.09 -4.18
12/31/2007 -5.12 -4.03 -5.32 -4.85
1/31/2008 -13.72 -11.52 -12.56 -10.55
2/29/2008 -15.62 -13.27 -13.07 -13.46
3/31/2008 -16.25 -13.80 -13.90 -13.83
4/30/2008 -9.46 -9.28 -9.37 -9.64
5/31/2008 -6.06 -5.95 -7.99 -8.47
6/30/2008 -13.50 -12.72 -15.33 -16.18
7/31/2008 -16.34 -14.38 -17.40 -16.89
8/31/2008 -16.03 -13.46 -18.56 -15.68
9/30/2008 -28.60 -23.48 -28.25 -23.20
10/31/2008 -42.59 -36.95 -41.85 -36.10
11/30/2008 -49.90 -41.97 -45.61 -40.68
12/31/2008 -48.66 -40.92 -43.87 -40.05
1/31/2009 -50.20 -43.76 -48.79 -45.10
2/28/2009 -53.50 -47.99 -54.03 -50.95
3/31/2009 -49.31 -43.35 -50.56 -46.65
4/30/2009 -43.81 -37.91 -45.02 -41.55
5/31/2009 -40.14 -34.84 -40.03 -38.28
6/30/2009 -39.71 -34.11 -40.31 -38.15
7/31/2009 -35.50 -29.43 -35.25 -33.48
8/31/2009 -34.62 -27.96 -32.58 -31.07
9/30/2009 -31.59 -24.90 -29.89 -28.50
10/31/2009 -33.18 -25.92 -31.14 -29.83
11/30/2009 -29.39 -21.37 -28.32 -25.62
12/31/2009 -26.29 -18.94 -27.04 -24.19
1/31/2010 -30.48 -22.47 -30.05 -26.91
2/28/2010 -28.32 -19.81 -29.07 -24.65
3/31/2010 -23.67 -15.17 -24.67 -20.10
4/30/2010 -24.59 -14.22 -24.66 -18.84
5/31/2010 -31.07 -20.77 -31.88 -25.32
6/30/2010 -35.00 -25.13 -34.22 -29.23
7/31/2010 -31.35 -19.79 -28.88 -24.27
8/31/2010 -34.23 -23.54 -31.54 -27.69
9/30/2010 -27.25 -15.40 -25.15 -21.24
10/31/2010 -23.96 -11.36 -22.36 -18.24
11/30/2010 -23.80 -10.33 -24.04 -18.23
12/31/2010 -19.55 -5.39 -18.45 -12.76
1/31/2011 -18.61 -2.98 -16.61 -10.70
2/28/2011 -15.51 0.19 -13.69 -7.64
3/31/2011 -15.97 0.32 -14.54 -7.60
4/30/2011 -13.39 3.67 -10.91 -4.86
5/31/2011 -14.40 2.55 -12.76 -5.94
6/30/2011 -15.31 1.08 -14.14 -7.51
7/31/2011 -16.38 0.06 -15.70 -9.39
8/31/2011 -21.25 -5.22 -21.64 -14.31
9/30/2011 -27.73 -12.20 -28.41 -20.34
10/31/2011 -19.48 -2.57 -21.00 -11.63
11/30/2011 -19.85 -2.58 -22.93 -11.82
12/31/2011 -20.82 -2.89 -22.97 -10.92
1/31/2012 -16.57 2.91 -19.11 -6.93
2/29/2012 -12.02 7.83 -15.16 -2.91
3/31/2012 -9.76 11.37 -14.06 0.29
4/30/2012 -10.02 11.20 -15.04 -0.34
5/31/2012 -15.96 4.07 -22.37 -6.33
6/30/2012 -14.48 6.89 -18.42 -2.47
7/31/2012 -13.51 8.33 -17.37 -1.12
8/31/2012 -10.54 11.24 -15.28 1.11
9/30/2012 -9.02 13.42 -12.95 3.72
10/31/2012 -12.11 10.11 -13.54 1.81
11/30/2012 -10.26 11.96 -12.43 2.40
12/31/2012 -9.98 11.93 -10.78 3.33
1/31/2013 -6.29 16.72 -6.24 8.68
2/28/2013 -5.18 18.18 -6.08 10.16
3/31/2013 -2.09 22.61 -3.88 14.29
4/30/2013 -1.49 25.21 -0.86 16.49
5/31/2013 0.14 27.54 -0.82 19.22
6/30/2013 -2.28 25.14 -3.26 17.62
7/31/2013 2.71 31.77 1.83 23.60
8/31/2013 0.74 29.51 -0.34 20.02
9/30/2013 5.13 35.29 4.65 23.79
10/31/2013 9.39 41.27 8.74 29.48
11/30/2013 12.65 45.26 10.68 33.42
12/31/2013 16.34 49.40 13.02 36.80
1/31/2014 12.96 45.15 8.83 32.07
2/28/2014 19.96 52.62 14.28 38.11
3/31/2014 16.23 51.08 14.45 39.27
4/30/2014 15.10 51.08 15.62 40.30
5/31/2014 19.98 55.79 17.89 43.60
6/30/2014 23.65 58.83 20.00 46.56
7/31/2014 23.81 56.40 18.09 44.54
8/31/2014 29.03 63.56 20.69 50.32
9/30/2014 27.36 61.19 17.41 48.22
10/31/2014 30.47 65.44 18.17 51.84
11/30/2014 34.24 70.68 20.54 55.92
12/31/2014 33.87 68.90 18.60 55.53
1/31/2015 31.77 66.32 16.45 50.86
2/28/2015 40.30 77.40 23.27 59.53
3/31/2015 38.48 75.38 21.34 57.00
4/30/2015 37.50 76.26 24.19 58.51
5/31/2015 39.54 78.74 24.62 60.55
6/30/2015 39.20 75.59 21.72 57.44
7/31/2015 43.19 81.55 23.90 60.74
8/31/2015 33.10 70.52 15.70 51.04
9/30/2015 27.62 66.31 11.44 47.30
10/31/2015 39.08 80.63 20.27 59.73
11/30/2015 40.42 81.13 19.67 60.21
12/31/2015 38.18 78.47 17.56 57.68
1/31/2016 28.44 68.51 10.53 49.85
2/29/2016 23.52 68.44 9.71 49.65
3/31/2016 28.49 79.80 17.15 59.80
4/30/2016 27.11 78.16 19.01 60.42
5/31/2016 31.26 81.62 19.68 63.30
6/30/2016 29.44 80.90 18.33 63.73
7/31/2016 36.51 89.44 23.33 69.76
8/31/2016 35.80 88.50 23.44 70.00
9/30/2016 37.00 89.19 24.09 70.03
10/31/2016 32.87 84.75 21.69 66.93
11/30/2016 33.62 88.77 23.44 73.11
12/31/2016 34.94 91.10 26.39 76.54
1/31/2017 40.58 97.54 29.45 79.88
2/28/2017 46.17 105.75 33.04 87.03
3/31/2017 48.79 108.13 34.45 87.25
4/30/2017 52.65 112.89 36.44 89.17
5/31/2017 55.43 118.42 39.33 91.83
6/30/2017 55.35 117.85 39.87 93.03
7/31/2017 57.94 123.64 43.21 97.00
8/31/2017 60.11 127.74 43.42 97.60
9/30/2017 61.28 130.70 46.63 101.68
10/31/2017 65.19 139.64 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 are subject to a 0.25% annual asset-backed sales charge. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 11/17/2017

Date 2012 2013 2014 2015 2016
Short Term 1.6941 0.3461
Long Term 2.5532 7.8660 7.0818 2.1269
Total Amount of Distribution 2.5532 9.5601 7.4279 2.1269
Record Date 12/9/13 12/8/14 12/4/15 12/2/16
Ex Div Date 12/10/13 12/9/14 12/7/15 12/5/16
Pay Date 12/11/13 12/9/14 12/7/15 12/5/16

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

Portfolio

Top Issuers

(58.9% of assets as of 09/30/2017)


Portfolio Holdings Breakdown

Country 5
Developed Markets 5
Equity Sector 5
Industry 5
Asset Allocation 5
Market Cap 6
Country Capital Appreciation Fund Russell 1000® Growth Overweight / Underweight
United States 95.6% 99.7% -4.1%
Canada 3.4% - -
Belgium 0.3% - -
Developed Markets Capital Appreciation Fund Russell 1000® Growth Overweight / Underweight
Americas 99.0% 99.7% -0.7%
Europe 0.3% 0.2% 0.2%
Equity Sector Capital Appreciation Fund Russell 1000® Growth Overweight / Underweight
Information Technology 37.4% 37.6% -0.1%
Consumer Discretionary 18.6% 17.7% 0.9%
Health Care 14.0% 13.8% 0.3%
Industrials 10.4% 12.5% -2.0%
Consumer Staples 6.2% 6.7% -0.5%
Financials 5.6% 3.4% 2.2%
Energy 2.7% 0.9% 1.8%
Real Estate 1.6% 2.6% -1.0%
Utilities 1.4% 0.0% 1.3%
Materials 1.3% 3.8% -2.5%
Industry Capital Appreciation Fund Russell 1000® Growth Overweight / Underweight
Internet Software & Services 11.8% 8.5% 3.3%
Software 8.8% 8.7% 0.1%
Technology Hardware Storage & Peripherals 6.9% 6.9% 0.0%
IT Services 6.7% 7.5% -0.8%
Specialty Retail 6.0% 3.5% 2.5%
Biotechnology 5.6% 5.2% 0.4%
Internet & Direct Marketing Retail 5.3% 4.8% 0.5%
Capital Markets 4.5% 1.9% 2.6%
Beverages 3.5% 2.9% 0.5%
Semiconductors & Semiconductor Equipment 3.2% 4.9% -1.7%
Health Care Equipment & Supplies 3.0% 2.6% 0.4%
Hotels Restaurants & Leisure 2.7% 3.3% -0.6%
Oil Gas & Consumable Fuels 2.7% 0.7% 2.0%
Media 2.6% 3.4% -0.7%
Pharmaceuticals 2.3% 1.9% 0.4%
Health Care Providers & Services 2.2% 2.7% -0.5%
Machinery 2.2% 2.4% -0.2%
Road & Rail 2.1% 1.2% 0.9%
Household Durables 2.0% 0.3% 1.7%
Commercial Services & Supplies 1.8% 0.5% 1.3%
Asset Allocation Capital Appreciation Fund Russell 1000® Growth Overweight / Underweight
Equity 99.3% 100.0% -0.7%
Market Cap Capital Appreciation Fund Russell 1000® Growth Overweight / Underweight
Large 75.1% 81.5% -6.4%
Mid 19.9% 17.6% 2.3%
Small 4.3% 0.9% 3.5%
Analytics
(As of 10/31/2017)

Morningstar 10/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
1233
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-4.94
-3.61
Beta
1.02
1.03
Information Ratio
-1.41
-1.08
R-Squared
89.74
90.12
Sharpe Ratio
0.68
1.18
Standard Deviation
11.59
10.81
Upside Capture
90.33
93.97
Downside Capture
131.22
124.80
Sortino Ratio
0.32
0.61
Win Ratio
33.00
35.00
Loss Ratio
67.00
65.00
Tracking Error
3.71
3.41
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/5/2016
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)
$247.80 B
$225.10 B
Median Market Cap (weighted)
$87.20 B
$90.20 B
P/E Ratio (LTM)
23.92
26.02
P/E Ratio (NTM)
19.50
21.50
Price/Book
4.41
6.54
Return on Equity
22.77%
23.56%
Turnover Ratio
63.00%
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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. 7. 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.
  8. 8. 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.
  9. 9. Prior to 7/1/14, Class R shares were named Class N shares. Beginning 7/1/14, new purchases of Class R shares will no longer be subject to a CDSC upon redemption (any CDSC will remain in effect for purchases prior to 7/1/14),
  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 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.
  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. Class B shares convert to Class A shares 72 months after purchase; therefore "since inception", "10-year" and "15-year" returns for Class B (if applicable) use Class A performance for period after conversion.
  15. 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 and reinvested distributions and contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B shares are subject to a 0.75% annual asset-backed sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
  16. G. 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 and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated. Class C shares are subject to a 0.75% annual asset-backed sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
  17. H. 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.
  18. I. 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 are subject to a 0.25% annual asset-backed sales charge. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). Returns do not consider capital gains or income taxes on an individual's investment.
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