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OPTFX

Capital Appreciation Fund

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Overview

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

Inception Date
January 22, 1981
Investment Style
Large Cap Growth
Fund Index
Russell 1000® Growth Index
CUSIP
68379A107
NAV
  • A
(as of 12/17/2018)
$51.36
Total Assets
(as of 11/30/2018)
$4.41 BN
Gross Expense Ratio
(as of 11/30/2018)
1.05%
Net Expense Ratio
(as of 11/30/2018)
1.05%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 11/30/2018
  • B
as of 09/30/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (NAV)
12.90% 19.52% 14.74% 12.89% 10.44% 11.90%
Russell 1000® Growth Index
17.09% 26.30% 20.55% 16.58% 14.31% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (with sales charge)
6.41% 12.65% 12.49% 11.56% 9.79% 11.73%
Russell 1000® Growth Index
17.09% 26.30% 20.55% 16.58% 14.31% -
Cumulative
Annualized
ytd as of 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (NAV)
3.41% 4.43% 7.93% 9.41% 13.42% 11.59%
Russell 1000® Growth Index
7.75% 8.59% 13.97% 13.04% 16.54% -
Cumulative
Annualized
ytd as of 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (with sales charge)
-2.54% -1.57% 5.82% 8.12% 12.75% 11.42%
Russell 1000® Growth Index
7.75% 8.59% 13.97% 13.04% 16.54% -
Gross Expense Ratio: 1.05% | Net Expense Ratio: 1.05%

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.


Year Capital Appreciation Fund Russell 1000® Growth Index
1982 81.32% 20.46%
1983 24.51% 15.98%
1984 -17.47% -0.95%
1985 29.85% 32.85%
1986 8.28% 7.14%
1987 -17.95% 11.12%
1988 32.39% 8.57%
1989 18.31% 25.29%
1990 -2.13% 0.30%
1991 41.33% 41.27%
1992 10.27% 4.99%
1993 3.93% 2.87%
1994 0.46% 2.62%
1995 34.85% 37.18%
1996 27.96% 23.12%
1997 26.33% 30.49%
1998 24.04% 38.71%
1999 42.09% 33.16%
2000 -1.29% -22.42%
2001 -12.69% -20.42%
2002 -26.26% -27.88%
2003 29.46% 29.75%
2004 6.46% 6.30%
2005 4.70% 5.26%
2006 7.51% 9.07%
2007 13.76% 11.81%
2008 -45.90% -38.44%
2009 43.58% 37.21%
2010 9.14% 16.71%
2011 -1.57% 2.64%
2012 13.69% 15.26%
2013 29.24% 33.48%
2014 15.07% 13.05%
2015 3.22% 5.67%
2016 -2.34% 7.08%
2017 26.53% 30.21%

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.


Date Capital Appreciation Fund Russell 1000® Growth Index MSCI World S&P 500
11/30/2008 0.00 0.00 0.00 0.00
12/31/2008 2.47 1.81 3.21 1.06
1/31/2009 -0.59 -3.09 -5.83 -7.45
2/28/2009 -7.19 -10.38 -15.47 -17.31
3/31/2009 1.18 -2.39 -9.10 -10.06
4/30/2009 12.16 6.98 1.10 -1.46
5/31/2009 19.49 12.29 10.26 4.05
6/30/2009 20.34 13.54 9.76 4.26
7/31/2009 28.74 21.61 19.06 12.15
8/31/2009 30.51 24.13 23.97 16.20
9/30/2009 36.55 29.41 28.91 20.53
10/31/2009 33.38 27.66 26.62 18.29
11/30/2009 40.94 35.50 31.79 25.39
12/31/2009 47.13 39.69 34.16 27.81
1/31/2010 38.76 33.59 28.61 23.21
2/28/2010 43.07 38.18 30.43 27.03
3/31/2010 52.36 46.18 38.50 34.69
4/30/2010 50.52 47.81 38.52 36.82
5/31/2010 37.58 36.53 25.25 25.90
6/30/2010 29.73 29.01 20.96 19.31
7/31/2010 37.03 38.21 30.77 27.66
8/31/2010 31.28 31.76 25.88 21.90
9/30/2010 45.21 45.78 37.62 32.78
10/31/2010 51.77 52.75 42.75 37.83
11/30/2010 52.10 54.52 39.67 37.85
12/31/2010 60.57 63.03 49.94 47.06
1/31/2011 62.45 67.18 53.33 50.55
2/28/2011 68.64 72.65 58.70 55.71
3/31/2011 67.72 72.86 57.13 55.77
4/30/2011 72.88 78.65 63.81 60.38
5/31/2011 70.85 76.71 60.41 58.57
6/30/2011 69.05 74.17 57.87 55.92
7/31/2011 66.91 72.43 55.01 52.75
8/31/2011 57.19 63.33 44.09 44.45
9/30/2011 44.25 51.29 31.64 34.30
10/31/2011 60.72 67.89 45.26 48.98
11/30/2011 59.99 67.88 41.71 48.65
12/31/2011 58.05 67.34 41.63 50.17
1/31/2012 66.54 77.33 48.74 56.90
2/29/2012 75.62 85.81 56.01 63.68
3/31/2012 80.12 91.92 58.01 69.07
4/30/2012 79.60 91.62 56.22 68.01
5/31/2012 67.76 79.33 42.73 57.91
6/30/2012 70.71 84.20 50.01 64.42
7/31/2012 72.63 86.67 51.93 66.70
8/31/2012 78.57 91.69 55.79 70.46
9/30/2012 81.60 95.45 60.07 74.86
10/31/2012 75.43 89.75 58.98 71.63
11/30/2012 79.12 92.92 61.02 72.63
12/31/2012 79.68 92.87 64.05 74.20
1/31/2013 87.04 101.14 72.40 83.22
2/28/2013 89.27 103.64 72.69 85.71
3/31/2013 95.43 111.28 76.73 92.68
4/30/2013 96.62 115.76 82.30 96.39
5/31/2013 99.89 119.77 82.37 100.98
6/30/2013 95.06 115.64 77.87 98.28
7/31/2013 105.01 127.07 87.24 108.37
8/31/2013 101.08 123.18 83.25 102.34
9/30/2013 109.84 133.12 92.42 108.68
10/31/2013 118.35 143.44 99.95 118.27
11/30/2013 124.85 150.30 103.50 124.93
12/31/2013 132.22 157.45 107.81 130.62
1/31/2014 125.47 150.11 100.11 122.65
2/28/2014 139.44 162.99 110.13 132.83
3/31/2014 131.99 160.34 110.44 134.79
4/30/2014 129.74 160.35 112.59 136.52
5/31/2014 139.48 168.46 116.77 142.08
6/30/2014 146.81 173.69 120.65 147.08
7/31/2014 147.12 169.50 117.13 143.67
8/31/2014 157.55 181.85 121.92 153.42
9/30/2014 154.22 177.76 115.89 149.86
10/31/2014 160.42 185.08 117.29 155.97
11/30/2014 167.95 194.11 121.64 162.85
12/31/2014 167.21 191.05 118.07 162.19
1/31/2015 163.02 186.59 114.12 154.32
2/28/2015 180.05 205.70 126.66 168.93
3/31/2015 176.40 202.22 123.11 164.68
4/30/2015 174.46 203.73 128.35 167.22
5/31/2015 178.52 208.01 129.13 170.66
6/30/2015 177.84 202.58 123.81 165.42
7/31/2015 185.81 212.84 127.82 170.98
8/31/2015 165.68 193.85 112.75 154.63
9/30/2015 154.74 186.58 104.90 148.33
10/31/2015 177.62 211.25 121.14 169.28
11/30/2015 180.27 212.13 120.04 170.08
12/31/2015 175.81 207.55 116.17 165.82
1/31/2016 156.37 190.38 103.24 152.63
2/29/2016 146.55 190.25 101.72 152.29
3/31/2016 156.47 209.83 115.41 169.40
4/30/2016 153.71 207.00 118.82 170.44
5/31/2016 162.00 212.96 120.05 175.30
6/30/2016 158.36 211.73 117.59 176.01
7/31/2016 172.48 226.44 126.78 186.19
8/31/2016 171.05 224.82 126.97 186.59
9/30/2016 173.45 226.01 128.17 186.65
10/31/2016 165.22 218.35 123.76 181.42
11/30/2016 166.70 225.28 126.97 191.84
12/31/2016 169.35 229.31 132.40 197.61
1/31/2017 180.61 240.41 138.01 203.25
2/28/2017 191.77 254.54 144.62 215.29
3/31/2017 197.00 258.65 147.22 215.66
4/30/2017 204.68 266.85 150.88 218.90
5/31/2017 210.24 276.39 156.19 223.39
6/30/2017 210.08 275.40 157.18 225.41
7/31/2017 215.25 285.37 163.33 232.10
8/31/2017 219.58 292.44 163.70 233.12
9/30/2017 221.93 297.54 169.62 239.99
10/31/2017 229.72 312.94 174.72 247.92
11/30/2017 237.46 325.49 180.67 258.59
12/31/2017 240.79 328.80 184.46 262.58
1/31/2018 264.44 359.17 199.48 283.34
2/28/2018 251.13 347.13 187.08 269.21
3/31/2018 238.23 334.87 180.82 259.83
4/30/2018 239.16 336.39 184.05 261.21
5/31/2018 255.27 355.52 185.83 269.91
6/30/2018 256.50 359.90 185.69 272.19
7/31/2018 268.29 373.40 194.61 286.04
8/31/2018 284.23 399.29 198.26 298.61
9/30/2018 284.75 402.08 199.92 300.88
10/31/2018 249.61 357.18 177.90 273.48
11/30/2018 252.41 362.03 181.05 281.09

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.

$ per share as of 12/18/2018

Date 2014 2015 2016 2017 2018
Short Term 1.6941 0.3461 1.8556 0.4362
Long Term 7.8660 7.0818 2.1269 3.5868 4.2007
Total Amount of Distribution 9.5601 7.4279 2.1269 5.4424 4.6369
Record Date 12/8/14 12/4/15 12/2/16 12/13/17 12/12/18
Ex Div Date 12/9/14 12/7/15 12/5/16 12/14/17 12/13/18
Pay Date 12/9/14 12/7/15 12/5/16 12/14/17 12/13/18

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

Portfolio

Top Issuers

(62.1% of assets as of 11/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
United States 94.6% 100.0% -5.3%
Canada 1.8% - -
China 1.4% 0.0% 1.4%
United Kingdom 0.7% - -
Belgium 0.4% - -
Developed Markets Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Americas 96.5% 100.0% -3.5%
Europe 1.1% 0.0% 1.1%
Equity Sector Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Information Technology 30.0% 31.6% -1.5%
Consumer Discretionary 19.4% 15.1% 4.4%
Health Care 13.2% 14.3% -1.1%
Communication Services 11.6% 11.6% 0.0%
Industrials 11.5% 12.1% -0.6%
Financials 5.5% 4.5% 1.1%
Consumer Staples 2.5% 6.0% -3.6%
Energy 2.4% 0.8% 1.5%
Utilities 1.5% - -
Materials 1.4% 1.8% -0.4%
Industry Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Software 12.2% 11.1% 1.1%
Interactive Media & Services 10.6% 8.2% 2.3%
Internet & Direct Marketing Retail 9.6% 6.4% 3.3%
IT Services 6.4% 8.3% -1.9%
Specialty Retail 6.2% 3.8% 2.4%
Technology Hardware Storage & Peripherals 5.7% 7.0% -1.3%
Biotechnology 5.4% 5.1% 0.3%
Health Care Providers & Services 4.9% 3.6% 1.4%
Semiconductors & Semiconductor Equipment 4.7% 3.9% 0.8%
Capital Markets 4.5% 2.2% 2.3%
Hotels Restaurants & Leisure 3.6% 2.2% 1.4%
Machinery 2.6% 2.3% 0.3%
Oil Gas & Consumable Fuels 2.4% 0.6% 1.8%
Road & Rail 2.4% 1.2% 1.1%
Aerospace & Defense 2.2% 3.4% -1.3%
Airlines 1.9% 0.2% 1.7%
Commercial Services & Supplies 1.6% 0.6% 1.0%
Gas Utilities 1.5% - -
Health Care Equipment & Supplies 1.3% 2.6% -1.3%
Food Products 1.2% 0.3% 0.9%
Asset Allocation Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Equity 99.0% 100.0% -1.0%
Market Cap Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Large 82.0% 86.7% -4.7%
Mid 12.2% 13.0% -0.8%
Small 4.8% 0.4% 4.5%
Analytics
(As of 11/30/2018)

Morningstar 11/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1252
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-5.56
-3.57
Beta
1.01
1.03
Information Ratio
-1.78
-1.06
R-Squared
91.57
91.97
Sharpe Ratio
0.63
0.76
Standard Deviation
11.66
12.01
Upside Capture
89.44
94.53
Downside Capture
135.08
121.65
Sortino Ratio
0.90
1.20
Win Ratio
28.00
35.00
Loss Ratio
72.00
65.00
Tracking Error
3.39
3.42
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$277.67 B
$272.43 B
Median Market Cap (weighted)
$88.21 B
$103.08 B
P/E Ratio (LTM)
21.44
22.93
P/E Ratio (NTM)
17.97
19.63
Price/Book
5.55
7.11
Return on Equity
24.14%
23.02%
Turnover Ratio
29%
-
Active Share
61.83%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/13/2018
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0081
Distribution Sources
  • D
Net Income
0.30%
Net Profit from Sale
99.70%
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. 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. 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.
  5. 5. 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.
  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.  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.
  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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