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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 12/13/2018)
$51.44
Total Assets
(as of 11/30/2018)
$664.47 MM
Gross Expense Ratio
(as of 11/30/2018)
0.84%
Net Expense Ratio
(as of 11/30/2018)
0.80%
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/VA (NAV)
13.05% 19.76% 14.98% 13.18% 10.85% 10.31%
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (with sales charge)
13.05% 19.76% 14.98% 13.18% 10.85% 10.31%
Cumulative
Annualized
ytd as of 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (NAV)
3.62% 4.67% 8.16% 9.68% 13.80% 9.97%
Cumulative
Annualized
ytd as of 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (with sales charge)
3.62% 4.67% 8.16% 9.68% 13.80% 9.97%
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
11/30/2008 0.00 0.00 0.00 0.00
12/31/2008 2.52 1.81 3.21 1.06
1/31/2009 -0.40 -3.09 -5.83 -7.45
2/28/2009 -6.83 -10.38 -15.47 -17.31
3/31/2009 1.43 -2.39 -9.10 -10.06
4/30/2009 12.46 6.98 1.10 -1.46
5/31/2009 19.88 12.29 10.26 4.05
6/30/2009 20.80 13.54 9.76 4.26
7/31/2009 29.38 21.61 19.06 12.15
8/31/2009 31.15 24.13 23.97 16.20
9/30/2009 37.28 29.41 28.91 20.53
10/31/2009 34.12 27.66 26.62 18.29
11/30/2009 41.78 35.50 31.79 25.39
12/31/2009 48.15 39.69 34.16 27.81
1/31/2010 39.73 33.59 28.61 23.21
2/28/2010 44.14 38.18 30.43 27.03
3/31/2010 53.55 46.18 38.50 34.69
4/30/2010 51.70 47.81 38.52 36.82
5/31/2010 38.76 36.53 25.25 25.90
6/30/2010 30.81 29.01 20.96 19.31
7/31/2010 38.16 38.21 30.77 27.66
8/31/2010 32.46 31.76 25.88 21.90
9/30/2010 46.48 45.78 37.62 32.78
10/31/2010 53.07 52.75 42.75 37.83
11/30/2010 53.43 54.52 39.67 37.85
12/31/2010 62.10 63.03 49.94 47.06
1/31/2011 64.07 67.18 53.33 50.55
2/28/2011 70.38 72.65 58.70 55.71
3/31/2011 69.51 72.86 57.13 55.77
4/30/2011 74.75 78.65 63.81 60.38
5/31/2011 72.74 76.71 60.41 58.57
6/30/2011 70.96 74.17 57.87 55.92
7/31/2011 68.83 72.43 55.01 52.75
8/31/2011 58.95 63.33 44.09 44.45
9/30/2011 45.85 51.29 31.64 34.30
10/31/2011 62.98 67.89 45.26 48.98
11/30/2011 62.26 67.88 41.71 48.65
12/31/2011 60.24 67.34 41.63 50.17
1/31/2012 68.99 77.33 48.74 56.90
2/29/2012 78.30 85.81 56.01 63.68
3/31/2012 82.94 91.92 58.01 69.07
4/30/2012 82.45 91.62 56.22 68.01
5/31/2012 70.36 79.33 42.73 57.91
6/30/2012 73.45 84.20 50.01 64.42
7/31/2012 75.48 86.67 51.93 66.70
8/31/2012 81.57 91.69 55.79 70.46
9/30/2012 84.73 95.45 60.07 74.86
10/31/2012 78.44 89.75 58.98 71.63
11/30/2012 82.26 92.92 61.02 72.63
12/31/2012 82.87 92.87 64.05 74.20
1/31/2013 90.33 101.14 72.40 83.22
2/28/2013 92.65 103.64 72.69 85.71
3/31/2013 98.98 111.28 76.73 92.68
4/30/2013 100.28 115.76 82.30 96.39
5/31/2013 103.68 119.77 82.37 100.98
6/30/2013 98.76 115.64 77.87 98.28
7/31/2013 108.97 127.07 87.24 108.37
8/31/2013 104.99 123.18 83.25 102.34
9/30/2013 114.09 133.12 92.42 108.68
10/31/2013 122.90 143.44 99.95 118.27
11/30/2013 129.62 150.30 103.50 124.93
12/31/2013 137.25 157.45 107.81 130.62
1/31/2014 130.36 150.11 100.11 122.65
2/28/2014 144.79 162.99 110.13 132.83
3/31/2014 137.17 160.34 110.44 134.79
4/30/2014 134.87 160.35 112.59 136.52
5/31/2014 144.87 168.46 116.77 142.08
6/30/2014 152.45 173.69 120.65 147.08
7/31/2014 152.91 169.50 117.13 143.67
8/31/2014 163.72 181.85 121.92 153.42
9/30/2014 160.34 177.76 115.89 149.86
10/31/2014 166.71 185.08 117.29 155.97
11/30/2014 174.52 194.11 121.64 162.85
12/31/2014 173.80 191.05 118.07 162.19
1/31/2015 169.62 186.59 114.12 154.32
2/28/2015 187.18 205.70 126.66 168.93
3/31/2015 183.51 202.22 123.11 164.68
4/30/2015 181.61 203.73 128.35 167.22
5/31/2015 185.79 208.01 129.13 170.66
6/30/2015 185.19 202.58 123.81 165.42
7/31/2015 193.47 212.84 127.82 170.98
8/31/2015 172.83 193.85 112.75 154.63
9/30/2015 161.54 186.58 104.90 148.33
10/31/2015 185.09 211.25 121.14 169.28
11/30/2015 187.95 212.13 120.04 170.08
12/31/2015 183.50 207.55 116.17 165.82
1/31/2016 163.53 190.38 103.24 152.63
2/29/2016 153.36 190.25 101.72 152.29
3/31/2016 163.63 209.83 115.41 169.40
4/30/2016 160.77 207.00 118.82 170.44
5/31/2016 169.40 212.96 120.05 175.30
6/30/2016 165.68 211.73 117.59 176.01
7/31/2016 180.13 226.44 126.78 186.19
8/31/2016 178.75 224.82 126.97 186.59
9/30/2016 181.27 226.01 128.17 186.65
10/31/2016 172.90 218.35 123.76 181.42
11/30/2016 174.51 225.28 126.97 191.84
12/31/2016 177.26 229.31 132.40 197.61
1/31/2017 188.84 240.41 138.01 203.25
2/28/2017 200.31 254.54 144.62 215.29
3/31/2017 205.75 258.65 147.22 215.66
4/30/2017 213.78 266.85 150.88 218.90
5/31/2017 219.51 276.39 156.19 223.39
6/30/2017 219.45 275.40 157.18 225.41
7/31/2017 224.88 285.37 163.33 232.10
8/31/2017 229.43 292.44 163.70 233.12
9/30/2017 231.95 297.54 169.62 239.99
10/31/2017 240.03 312.94 174.72 247.92
11/30/2017 248.12 325.49 180.67 258.59
12/31/2017 251.65 328.80 184.46 262.58
1/31/2018 276.21 359.17 199.48 283.34
2/28/2018 262.32 347.13 187.08 269.21
3/31/2018 249.32 334.87 180.82 259.83
4/30/2018 250.20 336.39 184.05 261.21
5/31/2018 266.93 355.52 185.83 269.91
6/30/2018 268.14 359.90 185.69 272.19
7/31/2018 280.38 373.40 194.61 286.04
8/31/2018 296.92 399.29 198.26 298.61
9/30/2018 297.54 402.08 199.92 300.88
10/31/2018 261.38 357.18 177.90 273.48
11/30/2018 264.39 362.03 181.05 281.09

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.  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 12/13/2018

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

(62.6% of assets as of 11/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
United States 95.1% 100.0% -4.9%
Canada 1.9% - -
China 1.4% 0.0% 1.4%
United Kingdom 0.7% - -
Belgium 0.4% - -
Developed Markets Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Americas 96.9% 100.0% -3.0%
Europe 1.1% 0.0% 1.1%
Emerging Markets Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Asia Pacific 1.4% 0.0% 1.4%
Equity Sector Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Information Technology 30.3% 31.6% -1.3%
Consumer Discretionary 19.6% 15.1% 4.5%
Health Care 13.3% 14.3% -1.0%
Communication Services 11.7% 11.6% 0.1%
Industrials 11.5% 12.1% -0.6%
Financials 5.5% 4.5% 1.1%
Consumer Staples 2.5% 6.0% -3.5%
Energy 2.4% 0.8% 1.6%
Utilities 1.4% - -
Materials 1.4% 1.8% -0.4%
Industry Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Software 12.3% 11.1% 1.2%
Interactive Media & Services 10.7% 8.2% 2.4%
Internet & Direct Marketing Retail 9.7% 6.4% 3.3%
IT Services 6.5% 8.3% -1.9%
Specialty Retail 6.2% 3.8% 2.4%
Technology Hardware Storage & Peripherals 5.8% 7.0% -1.2%
Biotechnology 5.5% 5.1% 0.3%
Health Care Providers & Services 5.0% 3.6% 1.4%
Semiconductors & Semiconductor Equipment 4.7% 3.9% 0.9%
Capital Markets 4.6% 2.2% 2.3%
Hotels Restaurants & Leisure 3.6% 2.2% 1.5%
Machinery 2.6% 2.3% 0.3%
Oil Gas & Consumable Fuels 2.4% 0.6% 1.8%
Road & Rail 2.3% 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 1.4% - -
Health Care Equipment & Supplies 1.3% 2.6% -1.3%
Food Products 1.2% 0.3% 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 82.4% 86.7% -4.2%
Mid 12.3% 13.0% -0.7%
Small 4.8% 0.4% 4.4%
Analytics
(As of 11/30/2018)

Morningstar 11/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
222
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-5.34
-3.33
Beta
1.01
1.03
Information Ratio
-1.71
-0.98
R-Squared
91.49
91.86
Sharpe Ratio
0.65
0.78
Standard Deviation
11.66
12.02
Upside Capture
90.10
95.32
Downside Capture
134.30
120.85
Sortino Ratio
0.93
1.24
Win Ratio
31.00
38.00
Loss Ratio
69.00
62.00
Tracking Error
3.40
3.45
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$278.28 B
$272.43 B
Median Market Cap (weighted)
$88.21 B
$103.08 B
P/E Ratio (LTM)
21.46
22.93
P/E Ratio (NTM)
17.98
19.63
Price/Book
5.55
7.11
Return on Equity
24.15%
23.02%
Turnover Ratio
26%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.1866
12-Month Distribution ($)
$0.1866
Distribution Sources
  • D
Net Income
3.00%
Net Profit from Sale
97.00%
Other Capital Sources
0.00%
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.  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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