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Conservative Balanced Fund/VA

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Overview

The Fund typically invests in short-term investment-grade debt securities

Inception Date
February 9, 1987
Investment Style
Balanced
Fund Index
65% BBG Barc US Agg/35% Russell 3000®
CUSIP
683811608
NAV
  • A
(as of 03/22/2019)
$15.46
Total Assets
(as of 02/28/2019)
$191.26 MM
Gross Expense Ratio
(as of 02/28/2019)
0.96%
Net Expense Ratio
(as of 02/28/2019)
0.67%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 02/28/2019
  • B
as of 12/31/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Conservative Balanced Fund/VA (NAV)
-5.32% -5.32% 2.88% 3.50% 7.67% 6.66%
Cumulative
Annualized
ytd as of 2018-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Conservative Balanced Fund/VA (with sales charge)
-5.32% -5.32% 2.88% 3.50% 7.67% 6.66%
Cumulative
Annualized
ytd as of 2019-02-28
  • C
1 yr 3 yr 5 yr 10 yr since inception
Conservative Balanced Fund/VA (NAV)
6.03% 1.79% 5.32% 4.24% 9.66% 6.82%
Cumulative
Annualized
ytd as of 2019-02-28
  • C
1 yr 3 yr 5 yr 10 yr since inception
Conservative Balanced Fund/VA (with sales charge)
6.03% 1.79% 5.32% 4.24% 9.66% 6.82%
Gross Expense Ratio: 0.96% | Net Expense Ratio: 0.67%

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 Conservative Balanced Fund/VA
1988 22.15%
1989 15.76%
1990 -1.91%
1991 17.48%
1992 8.99%
1993 15.95%
1994 -1.95%
1995 21.36%
1996 15.50%
1997 17.22%
1998 6.66%
1999 11.80%
2000 6.44%
2001 2.22%
2002 -10.40%
2003 24.96%
2004 10.10%
2005 3.89%
2006 11.15%
2007 3.79%
2008 -43.47%
2009 21.89%
2010 12.91%
2011 0.72%
2012 12.34%
2013 13.17%
2014 8.20%
2015 0.83%
2016 5.26%
2017 9.25%
2018 -5.32%

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.  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 Conservative Balanced Fund/VA 65% Bloomberg Bar Agg/35% Russell 3000 (Linked Index) BBG Barclays Agg S&P 500
2/28/2009 0.00 0.00 0.00 0.00
3/31/2009 7.10 6.01 1.39 8.76
4/30/2009 14.61 12.32 1.88 19.17
5/31/2009 19.84 16.47 2.61 25.83
6/30/2009 22.39 16.94 3.20 26.08
7/31/2009 27.61 23.02 4.86 35.62
8/31/2009 31.37 26.23 5.95 40.52
9/30/2009 35.52 29.60 7.06 45.76
10/31/2009 34.05 28.48 7.59 43.05
11/30/2009 37.80 33.77 8.98 51.63
12/31/2009 38.07 34.49 7.28 54.56
1/31/2010 35.92 32.40 8.92 49.00
2/28/2010 39.81 35.09 9.32 53.62
3/31/2010 44.35 39.87 9.19 62.89
4/30/2010 45.30 41.82 10.33 65.46
5/31/2010 40.00 35.52 11.25 52.25
6/30/2010 34.29 32.14 13.00 44.28
7/31/2010 41.90 38.27 14.21 54.39
8/31/2010 39.18 35.24 15.67 47.42
9/30/2010 46.79 42.46 15.80 60.57
10/31/2010 51.69 45.92 16.21 66.68
11/30/2010 50.60 45.63 15.54 66.70
12/31/2010 55.90 50.76 14.30 77.84
1/31/2011 57.80 52.99 14.43 82.06
2/28/2011 62.97 56.30 14.72 88.30
3/31/2011 61.75 56.43 14.78 88.37
4/30/2011 65.91 60.01 16.24 93.95
5/31/2011 65.91 59.77 17.75 91.76
6/30/2011 62.58 58.04 17.41 88.56
7/31/2011 61.19 57.14 19.27 84.72
8/31/2011 55.63 53.25 21.01 74.69
9/30/2011 49.93 47.28 21.89 62.41
10/31/2011 59.24 56.97 22.03 80.16
11/30/2011 56.47 56.87 21.92 79.76
12/31/2011 57.02 58.59 23.26 81.60
1/31/2012 61.47 63.41 24.34 89.74
2/29/2012 65.50 67.61 24.31 97.94
3/31/2012 67.58 70.56 23.63 104.46
4/30/2012 66.61 70.70 25.00 103.17
5/31/2012 60.63 65.10 26.13 90.96
6/30/2012 64.14 69.26 26.18 98.83
7/31/2012 67.10 71.65 27.92 101.59
8/31/2012 70.34 74.02 28.01 106.13
9/30/2012 73.72 76.83 28.18 111.46
10/31/2012 74.43 75.03 28.44 107.56
11/30/2012 74.00 75.79 28.64 108.76
12/31/2012 76.40 76.68 28.45 110.66
1/31/2013 82.03 81.63 27.56 121.57
2/28/2013 82.74 83.50 28.20 124.58
3/31/2013 87.81 87.67 28.30 133.00
4/30/2013 90.63 90.03 29.60 137.49
5/31/2013 90.21 89.39 27.28 143.05
6/30/2013 86.36 86.66 25.32 139.79
7/31/2013 90.11 90.37 25.49 151.99
8/31/2013 88.09 87.89 24.84 144.69
9/30/2013 92.13 91.49 26.03 152.36
10/31/2013 96.74 95.35 27.05 163.96
11/30/2013 97.75 96.86 26.57 172.01
12/31/2013 99.63 97.95 25.86 178.89
1/31/2014 99.92 97.65 27.71 169.25
2/28/2014 104.24 101.61 28.39 181.57
3/31/2014 103.96 101.79 28.17 183.93
4/30/2014 105.25 103.03 29.26 186.03
5/31/2014 108.28 106.10 30.73 192.75
6/30/2014 110.55 107.97 30.80 198.79
7/31/2014 108.78 106.22 30.47 194.67
8/31/2014 113.49 110.72 31.91 206.46
9/30/2014 110.25 108.27 31.01 202.16
10/31/2014 113.79 111.68 32.30 209.54
11/30/2014 115.99 114.45 33.24 217.87
12/31/2014 115.99 114.64 33.36 217.07
1/31/2015 116.14 115.49 36.16 207.55
2/28/2015 121.00 118.46 34.88 225.23
3/31/2015 121.44 118.38 35.51 220.08
4/30/2015 120.12 118.23 35.02 223.15
5/31/2015 121.44 118.96 34.69 227.31
6/30/2015 118.85 116.17 33.23 220.97
7/31/2015 120.96 118.45 34.15 227.70
8/31/2015 115.68 113.69 33.96 207.93
9/30/2015 114.03 112.54 34.87 200.31
10/31/2015 120.05 118.35 34.89 225.64
11/30/2015 120.20 118.42 34.53 226.61
12/31/2015 117.79 116.46 34.10 221.46
1/31/2016 114.93 114.12 35.94 205.50
2/29/2016 115.23 115.17 36.91 205.09
3/31/2016 121.41 121.71 38.16 225.79
4/30/2016 122.61 122.77 38.69 227.05
5/31/2016 124.27 124.23 38.73 232.93
6/30/2016 126.93 127.11 41.22 233.79
7/31/2016 131.25 131.19 42.11 246.09
8/31/2016 130.64 131.23 41.95 246.58
9/30/2016 130.94 131.31 41.87 246.65
10/31/2016 128.63 128.42 40.78 240.32
11/30/2016 127.09 128.40 37.45 252.93
12/31/2016 129.25 130.18 37.65 259.90
1/31/2017 131.41 132.00 37.92 266.73
2/28/2017 135.26 136.03 38.84 281.29
3/31/2017 135.11 136.03 38.77 281.73
4/30/2017 137.73 138.11 39.84 285.65
5/31/2017 140.97 140.17 40.92 291.08
6/30/2017 141.65 140.79 40.78 293.52
7/31/2017 143.69 143.05 41.38 301.61
8/31/2017 145.26 144.66 42.65 302.84
9/30/2017 146.05 145.98 41.97 311.15
10/31/2017 147.31 147.95 42.05 320.75
11/30/2017 148.25 150.36 41.87 333.65
12/31/2017 150.46 151.99 42.52 338.47
1/31/2018 152.66 154.67 40.88 363.58
2/28/2018 147.00 149.94 39.55 346.49
3/31/2018 145.42 149.30 40.44 335.15
4/30/2018 144.79 148.50 39.40 336.82
5/31/2018 147.62 152.13 40.39 347.33
6/30/2018 147.97 152.53 40.22 350.09
7/31/2018 150.60 155.49 40.25 366.84
8/31/2018 154.38 159.70 41.15 382.05
9/30/2018 153.39 158.77 40.24 384.79
10/31/2018 143.70 150.78 39.14 351.66
11/30/2018 143.53 153.59 39.97 360.86
12/31/2018 137.13 148.19 42.54 319.25
1/31/2019 147.81 157.32 44.05 352.85
2/28/2019 151.42 160.37 43.97 367.39
Date Dividends
3/8/2010 0.1459
3/7/2011 0.2613
6/20/2012 0.1616
6/19/2013 0.3133
6/18/2014 0.2948
6/16/2015 0.3352
6/21/2016 0.3537
6/20/2017 0.3049
6/19/2018 0.3105

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

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 03/23/2019

Date 2014 2015 2016 2017 2018
Short Term
Long Term 0.3671
Total Amount of Distribution 0.3671
Record Date 6/18/18
Ex Div Date 6/19/18
Pay Date 6/19/18

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

Portfolio

Top Holdings

(32.1% of assets as of 02/28/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Fixed Income Sector
Asset Allocation
Country Conservative Balanced Fund/VA 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
United States 104.0% - -
United Kingdom 2.4% - -
Canada 1.6% - -
Germany 1.0% - -
France 0.6% - -
Japan 0.4% - -
Netherlands 0.4% - -
Switzerland 0.3% - -
Luxembourg 0.2% - -
Hong Kong 0.2% - -
Ireland 0.2% - -
Sweden 0.1% - -
Guernsey 0.1% - -
Bermuda 0.1% - -
Norway 0.1% - -
Spain 0.1% - -
Portugal 0.1% - -
Belgium 0.1% - -
Developed Markets Conservative Balanced Fund/VA 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Americas 105.7% - -
Europe 5.8% - -
Asia Pacific 0.6% - -
Equity Sector Conservative Balanced Fund/VA 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Fixed Income 77.8% - -
Equity 34.2% - -
Fixed Income Sector Conservative Balanced Fund/VA 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Information Technology 7.5% - -
Financials 5.2% - -
Health Care 5.0% - -
Industrials 3.9% - -
Consumer Discretionary 3.6% - -
Communication Services 2.9% - -
Energy 1.9% - -
Consumer Staples 1.4% - -
Real Estate 1.1% - -
Utilities 1.1% - -
Materials 0.7% - -
Asset Allocation Conservative Balanced Fund/VA 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Fixed Income 77.8% - -
Equity 34.2% - -
Analytics
(As of 02/28/2019)

Morningstar 02/28/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
118
Category
Allocation--30% to 50% Equity
Performance Statistics
3Y
5Y
Alpha
-1.74
-1.39
Beta
1.11
1.10
Information Ratio
-0.98
-0.87
R-Squared
94.77
95.12
Sharpe Ratio
0.81
0.73
Standard Deviation
5.04
4.82
Upside Capture
96.39
97.98
Downside Capture
126.61
122.32
Sortino Ratio
1.25
1.16
Win Ratio
39.00
42.00
Loss Ratio
61.00
58.00
Margin of Outperformance
0.22
0.20
Margin of Underperformance
-0.30
-0.28
Tracking Error
1.26
1.15
Portfolio Characteristics
Fund
Fund Index
Current Duration
3.80 yrs
3.80 yrs
Turnover Ratio
60%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.3105
12-Month Distribution ($)
$0.3105
Distribution Sources
  • D
Net Income
45.00%
Net Profit from Sale
55.00%
Other Capital Sources
0.00%
Team
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. Effective 4/30/13, the Fund's investment objective changed from "seeks high total investment return, which includes current income and capital appreciation" to "seeks total return." Performance prior to 4/30/13 is not indicative of performance for any subsequent periods.
  2. 2. Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. May invest no more than 10% in below-investment-grade non-convertible debt securities, but up to 25% in below-investment-grade (“high yield” or "junk") bonds, which are more at risk of default and are subject to liquidity risk. Mortgage-related securities are subject to default risk, prepayment risk, interest rate risk, and credit risk, and may be more volatile and less liquid than other types of securities. 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. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments.
  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 index returns are made up of the returns of 35% Russell 3000® Index and 65% Bloomberg Barclays U.S. Aggregate Bond Index (Linked Index).  The Russell 3000® Index measures the performance of the largest 3,000 U.S. companies, representing approximately 98% of the investable U.S. equity market. The Bloomberg Barclays U.S. Aggregate Bond Index is an index of U.S dollar-denominated, investment-grade U.S. corporate government and mortgage-backed securities. The indices are 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. 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.
  7. 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.
  8. 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.
  9. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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