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OPTIX

Capital Appreciation Fund

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Overview

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

Inception Date
December 29, 2011
Investment Style
Large Cap Growth
Fund Index
Russell 1000® Growth Index
CUSIP
68379A602
NAV
  • A
(as of 11/19/2018)
$62.74
Total Assets
(as of 10/31/2018)
$4.60 BN
Gross Expense Ratio
(as of 10/31/2018)
0.63%
Net Expense Ratio
(as of 10/31/2018)
0.63%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2018
  • B
as of 09/30/2018
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr since inception
Capital Appreciation Fund (NAV)
8.03% 13.23% 20.00% 15.21% 13.36% 14.52%
Russell 1000® Growth Index
9.17% 17.09% 26.30% 20.55% 16.58% -
Cumulative
Annualized
3 mo ytd as of 2018-10-31
  • C
1 yr 3 yr 5 yr since inception
Capital Appreciation Fund (NAV)
-4.97% 2.94% 6.47% 8.43% 10.33% 12.74%
Russell 1000® Growth Index
-3.43% 6.62% 10.71% 13.67% 13.43% -
Gross Expense Ratio: 0.63% | Net Expense Ratio: 0.63%

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 Capital Appreciation Fund Russell 1000® Growth Index
2012 14.25% 15.26%
2013 29.82% 33.48%
2014 15.55% 13.05%
2015 3.66% 5.67%
2016 -1.93% 7.08%
2017 27.04% 30.21%

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 Capital Appreciation Fund Russell 1000® Growth Index MSCI World S&P 500
10/31/2013 0.00 0.00 0.00 0.00
11/30/2013 3.02 2.82 1.78 3.05
12/31/2013 6.44 5.76 3.93 5.66
1/31/2014 3.38 2.74 0.08 2.00
2/28/2014 9.81 8.03 5.09 6.67
3/31/2014 6.44 6.94 5.24 7.57
4/30/2014 5.43 6.95 6.32 8.36
5/31/2014 9.95 10.28 8.41 10.90
6/30/2014 13.36 12.43 10.35 13.20
7/31/2014 13.55 10.71 8.59 11.63
8/31/2014 18.38 15.78 10.98 16.10
9/30/2014 16.89 14.10 7.97 14.47
10/31/2014 19.78 17.11 8.67 17.27
11/30/2014 23.29 20.82 10.85 20.42
12/31/2014 22.99 19.56 9.06 20.12
1/31/2015 21.11 17.73 7.09 16.51
2/28/2015 28.99 25.58 13.36 23.21
3/31/2015 27.37 24.15 11.58 21.26
4/30/2015 26.51 24.77 14.20 22.42
5/31/2015 28.40 26.53 14.60 24.00
6/30/2015 28.15 24.30 11.93 21.60
7/31/2015 31.89 28.51 13.94 24.15
8/31/2015 22.64 20.71 6.40 16.66
9/30/2015 17.61 17.72 2.48 13.77
10/31/2015 28.23 27.86 10.60 23.37
11/30/2015 29.50 28.22 10.05 23.73
12/31/2015 27.49 26.33 8.11 21.78
1/31/2016 18.54 19.28 1.64 15.74
2/29/2016 14.03 19.23 0.89 15.58
3/31/2016 18.68 27.27 7.73 23.42
4/30/2016 17.42 26.11 9.44 23.90
5/31/2016 21.32 28.56 10.05 26.13
6/30/2016 19.67 28.05 8.82 26.45
7/31/2016 26.25 34.10 13.42 31.12
8/31/2016 25.64 33.43 13.51 31.30
9/30/2016 26.78 33.92 14.11 31.32
10/31/2016 23.02 30.78 11.91 28.93
11/30/2016 23.74 33.62 13.51 33.70
12/31/2016 25.02 35.28 16.23 36.35
1/31/2017 30.31 39.83 19.04 38.93
2/28/2017 35.51 45.64 22.34 44.45
3/31/2017 38.00 47.33 23.64 44.62
4/30/2017 41.61 50.70 25.47 46.10
5/31/2017 44.26 54.61 28.13 48.16
6/30/2017 44.21 54.21 28.62 49.08
7/31/2017 46.67 58.31 31.70 52.15
8/31/2017 48.74 61.21 31.88 52.61
9/30/2017 49.87 63.30 34.84 55.76
10/31/2017 53.55 69.63 37.39 59.40
11/30/2017 57.21 74.78 40.37 64.29
12/31/2017 58.82 76.15 42.27 66.11
1/31/2018 69.91 88.62 49.78 75.62
2/28/2018 63.76 83.67 43.57 69.15
3/31/2018 57.79 78.64 40.44 64.85
4/30/2018 58.27 79.26 42.06 65.48
5/31/2018 65.84 87.12 42.95 69.47
6/30/2018 66.47 88.92 42.88 70.51
7/31/2018 72.04 94.47 47.34 76.86
8/31/2018 79.54 105.10 49.17 82.62
9/30/2018 79.84 106.25 50.00 83.66
10/31/2018 63.49 87.80 38.98 71.11

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 11/20/2018

Date 2013 2014 2015 2016 2017
Short Term 1.6941 0.3461 1.8556
Long Term 2.5532 7.8660 7.0818 2.1269 3.5868
Total Amount of Distribution 2.5532 9.5601 7.4279 2.1269 5.4424
Record Date 12/9/13 12/8/14 12/4/15 12/2/16 12/13/17
Ex Div Date 12/10/13 12/9/14 12/7/15 12/5/16 12/14/17
Pay Date 12/11/13 12/9/14 12/7/15 12/5/16 12/14/17

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

Portfolio

Top Issuers

(63.1% of assets as of 10/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 7
Country Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
United States 96.3% 100.0% -3.7%
Canada 1.6% - -
United Kingdom 0.9% - -
Belgium 0.4% - -
China 0.3% 0.0% 0.3%
Developed Markets Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Americas 97.8% 100.0% -2.1%
Europe 1.3% 0.0% 1.3%
Equity Sector Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Information Technology 31.6% 32.7% -1.2%
Consumer Discretionary 19.1% 14.8% 4.4%
Health Care 12.9% 13.6% -0.8%
Communication Services 11.3% 12.0% -0.7%
Industrials 10.8% 11.7% -0.9%
Financials 5.8% 4.3% 1.4%
Consumer Staples 2.8% 6.0% -3.2%
Energy 2.4% 0.9% 1.5%
Utilities 1.4% - -
Materials 1.4% 1.8% -0.4%
Industry Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Software 12.8% 10.7% 2.1%
Interactive Media & Services 9.9% 8.5% 1.5%
Internet & Direct Marketing Retail 9.2% 6.1% 3.0%
Technology Hardware Storage & Peripherals 7.0% 8.6% -1.6%
Specialty Retail 6.4% 3.9% 2.5%
IT Services 6.3% 8.2% -1.9%
Biotechnology 5.2% 4.7% 0.4%
Health Care Providers & Services 4.9% 3.5% 1.3%
Capital Markets 4.9% 2.2% 2.7%
Semiconductors & Semiconductor Equipment 4.7% 3.9% 0.8%
Hotels Restaurants & Leisure 3.6% 2.0% 1.5%
Oil Gas & Consumable Fuels 2.4% 0.6% 1.8%
Machinery 2.3% 2.1% 0.2%
Aerospace & Defense 2.2% 3.5% -1.3%
Road & Rail 1.9% 1.2% 0.7%
Airlines 1.8% 0.2% 1.6%
Commercial Services & Supplies 1.6% 0.6% 1.0%
Gas Utilities 1.4% - -
Entertainment 1.4% 2.7% -1.3%
Health Care Equipment & Supplies 1.2% 2.5% -1.2%
Asset Allocation Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Equity 99.4% 100.0% -0.6%
Market Cap Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Large 80.2% 84.6% -4.3%
Mid 14.5% 14.4% 0.1%
Small 4.7% 0.7% 4.1%
Analytics
(As of 10/31/2018)

Morningstar 10/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1253
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-4.81
-3.10
Beta
1.01
1.03
Information Ratio
-1.52
-0.90
R-Squared
91.25
91.98
Sharpe Ratio
0.67
0.83
Standard Deviation
11.67
12.05
Upside Capture
92.13
96.24
Downside Capture
133.79
120.17
Sortino Ratio
0.98
1.33
Win Ratio
33.00
40.00
Loss Ratio
67.00
60.00
Tracking Error
3.45
3.44
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$287.64 B
$291.43 B
Median Market Cap (weighted)
$89.54 B
$104.90 B
P/E Ratio (LTM)
21.52
22.89
P/E Ratio (NTM)
17.95
19.55
Price/Book
5.40
7.10
Return on Equity
24.05%
23.43%
Turnover Ratio
29%
-
Active Share
60.80%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/14/2017
Per Share ($)
$0.2503
12-Month Distribution ($)
$0.2503
Distribution Sources
  • D
Net Income
1.10%
Net Profit from Sale
82.90%
Other Capital Sources
16.00%
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. 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. 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. The Russell 1000® Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged 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.
  6. 6. 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.
  7. 7. 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.
  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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