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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 04/18/2019)
$57.96
Total Assets
(as of 03/31/2019)
$713.61 MM
Gross Expense Ratio
(as of 03/31/2019)
0.84%
Net Expense Ratio
(as of 03/31/2019)
0.80%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 03/31/2019
  • B
as of 03/31/2019
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2019-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (NAV)
15.67% 9.77% 13.31% 10.09% 14.22% 10.03%
Cumulative
Annualized
ytd as of 2019-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (with sales charge)
15.67% 9.77% 13.31% 10.09% 14.22% 10.03%
Cumulative
Annualized
ytd as of 2019-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (NAV)
15.67% 9.77% 13.31% 10.09% 14.22% 10.03%
Cumulative
Annualized
ytd as of 2019-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (with sales charge)
15.67% 9.77% 13.31% 10.09% 14.22% 10.03%
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%
2018 -5.73%

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
3/31/2009 0.00 0.00 0.00 0.00
4/30/2009 10.87 9.60 11.22 9.57
5/31/2009 18.19 15.03 21.29 15.70
6/30/2009 19.10 16.32 20.75 15.93
7/31/2009 27.56 24.58 30.97 24.70
8/31/2009 29.30 27.17 36.38 29.20
9/30/2009 35.35 32.58 41.81 34.02
10/31/2009 32.23 30.78 39.29 31.53
11/30/2009 39.78 38.81 44.98 39.42
12/31/2009 46.07 43.10 47.59 42.11
1/31/2010 37.76 36.86 41.49 37.00
2/28/2010 42.11 41.56 43.48 41.25
3/31/2010 51.38 49.75 52.37 49.77
4/30/2010 49.56 51.42 52.39 52.13
5/31/2010 36.81 39.86 37.79 39.99
6/30/2010 28.97 32.16 33.07 32.66
7/31/2010 36.21 41.59 43.85 41.95
8/31/2010 30.59 34.98 38.48 35.54
9/30/2010 44.41 49.35 51.40 47.64
10/31/2010 50.91 56.48 57.04 53.26
11/30/2010 51.26 58.30 53.65 53.28
12/31/2010 59.82 67.02 64.95 63.52
1/31/2011 61.76 71.27 68.67 67.40
2/28/2011 67.98 76.87 74.58 73.13
3/31/2011 67.12 77.09 72.86 73.20
4/30/2011 72.29 83.02 80.20 78.33
5/31/2011 70.30 81.03 76.46 76.31
6/30/2011 68.56 78.43 73.67 73.37
7/31/2011 66.45 76.64 70.52 69.85
8/31/2011 56.71 67.32 58.51 60.62
9/30/2011 43.79 54.99 44.82 49.33
10/31/2011 60.69 72.00 59.80 65.65
11/30/2011 59.97 71.98 55.90 65.28
12/31/2011 57.98 71.43 55.81 66.97
1/31/2012 66.61 81.66 63.63 74.46
2/29/2012 75.79 90.35 71.62 82.00
3/31/2012 80.36 96.61 73.83 87.99
4/30/2012 79.88 96.31 71.85 86.81
5/31/2012 67.96 83.72 57.02 75.58
6/30/2012 71.01 88.70 65.02 82.82
7/31/2012 73.01 91.23 67.14 85.36
8/31/2012 79.01 96.38 71.38 89.53
9/30/2012 82.13 100.23 76.09 94.43
10/31/2012 75.93 94.39 74.90 90.84
11/30/2012 79.69 97.64 77.14 91.95
12/31/2012 80.29 97.59 80.47 93.70
1/31/2013 87.65 106.06 89.66 103.73
2/28/2013 89.93 108.62 89.97 106.49
3/31/2013 96.17 116.45 94.42 114.24
4/30/2013 97.45 121.04 100.55 118.37
5/31/2013 100.81 125.15 100.62 123.47
6/30/2013 95.96 120.91 95.68 120.47
7/31/2013 106.02 132.62 105.98 131.69
8/31/2013 102.10 128.64 101.59 124.98
9/30/2013 111.07 138.82 111.68 132.04
10/31/2013 119.76 149.39 119.96 142.70
11/30/2013 126.39 156.42 123.87 150.10
12/31/2013 133.90 163.75 128.61 156.43
1/31/2014 127.12 156.23 120.14 147.56
2/28/2014 141.34 169.42 131.16 158.89
3/31/2014 133.82 166.70 131.50 161.07
4/30/2014 131.56 166.71 133.87 162.99
5/31/2014 141.42 175.02 138.47 169.17
6/30/2014 148.89 180.38 142.74 174.73
7/31/2014 149.35 176.09 138.86 170.94
8/31/2014 160.00 188.74 144.13 181.78
9/30/2014 156.67 184.55 137.50 177.83
10/31/2014 162.95 192.05 139.04 184.61
11/30/2014 170.65 201.31 143.83 192.27
12/31/2014 169.94 198.17 139.89 191.53
1/31/2015 165.82 193.60 135.55 182.78
2/28/2015 183.14 213.17 149.35 199.03
3/31/2015 179.52 209.61 145.45 194.30
4/30/2015 177.64 211.16 151.20 197.13
5/31/2015 181.76 215.54 152.07 200.95
6/30/2015 181.17 209.98 146.21 195.12
7/31/2015 189.33 220.49 150.63 201.30
8/31/2015 168.98 201.03 134.04 183.13
9/30/2015 157.85 193.58 125.41 176.12
10/31/2015 181.07 218.86 143.27 199.41
11/30/2015 183.89 219.76 142.06 200.30
12/31/2015 179.51 215.07 137.80 195.57
1/31/2016 159.81 197.48 123.58 180.90
2/29/2016 149.79 197.35 121.91 180.52
3/31/2016 159.91 217.40 136.97 199.55
4/30/2016 157.09 214.50 140.72 200.71
5/31/2016 165.61 220.61 142.08 206.11
6/30/2016 161.93 219.35 139.36 206.90
7/31/2016 176.18 234.43 149.48 218.22
8/31/2016 174.82 232.76 149.68 218.67
9/30/2016 177.31 233.98 151.01 218.73
10/31/2016 169.06 226.14 146.15 212.91
11/30/2016 170.64 233.24 149.69 224.50
12/31/2016 173.35 237.36 155.67 230.92
1/31/2017 184.77 248.73 161.84 237.19
2/28/2017 196.07 263.21 169.10 250.58
3/31/2017 201.44 267.41 171.97 250.99
4/30/2017 209.36 275.82 175.99 254.59
5/31/2017 215.01 285.59 181.83 259.58
6/30/2017 214.95 284.57 182.92 261.83
7/31/2017 220.30 294.80 189.69 269.27
8/31/2017 224.79 302.03 190.10 270.40
9/30/2017 227.28 307.26 196.61 278.04
10/31/2017 235.24 323.04 202.21 286.86
11/30/2017 243.21 335.89 208.76 298.73
12/31/2017 246.70 339.29 212.94 303.16
1/31/2018 270.91 370.40 229.46 326.24
2/28/2018 257.21 358.06 215.81 310.53
3/31/2018 244.39 345.50 208.93 300.10
4/30/2018 245.26 347.06 212.48 301.63
5/31/2018 261.76 366.65 214.43 311.31
6/30/2018 262.96 371.15 214.28 313.84
7/31/2018 275.02 384.98 224.10 329.24
8/31/2018 291.33 411.50 228.11 343.23
9/30/2018 291.93 414.35 229.94 345.75
10/31/2018 256.28 368.36 205.71 315.28
11/30/2018 259.25 373.33 209.18 323.74
12/31/2018 226.84 332.64 185.67 285.48
1/31/2019 261.88 371.52 207.90 316.37
2/28/2019 268.15 388.40 217.16 329.74
3/31/2019 278.05 402.30 221.33 338.09

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 04/20/2019

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

(63.7% of assets as of 03/31/2019)


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 93.4% 100.0% -6.5%
China 2.1% 0.0% 2.1%
Canada 1.4% - -
Belgium 0.4% - -
Developed Markets Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Americas 94.8% 100.0% -5.1%
Europe 0.4% 0.0% 0.4%
Emerging Markets Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Asia Pacific 2.1% 0.0% 2.1%
Equity Sector Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Information Technology 31.5% 33.0% -1.5%
Consumer Discretionary 20.6% 15.1% 5.5%
Communication Services 12.2% 12.1% 0.1%
Industrials 11.5% 11.8% -0.2%
Health Care 10.2% 13.2% -3.0%
Financials 5.2% 4.3% 0.9%
Energy 2.2% 0.7% 1.5%
Utilities 1.7% - -
Materials 1.6% 1.8% -0.2%
Consumer Staples 0.7% 5.7% -5.0%
Industry Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Software 12.9% 11.8% 1.1%
Interactive Media & Services 11.8% 8.7% 3.1%
Internet & Direct Marketing Retail 9.9% 6.4% 3.6%
IT Services 7.3% 8.8% -1.6%
Specialty Retail 7.1% 3.9% 3.2%
Technology Hardware Storage & Peripherals 4.8% 6.9% -2.1%
Semiconductors & Semiconductor Equipment 4.8% 4.1% 0.7%
Health Care Providers & Services 4.6% 2.9% 1.6%
Hotels Restaurants & Leisure 3.5% 2.2% 1.4%
Biotechnology 2.9% 4.7% -1.8%
Capital Markets 2.8% 2.2% 0.7%
Aerospace & Defense 2.7% 3.5% -0.8%
Road & Rail 2.6% 1.2% 1.4%
Machinery 2.3% 2.2% 0.1%
Oil Gas & Consumable Fuels 2.2% 0.6% 1.7%
Gas Utilities 1.7% - -
Airlines 1.6% 0.2% 1.4%
Communications Equipment 1.6% 0.2% 1.3%
Insurance 1.4% 1.0% 0.4%
Commercial Services & Supplies 1.4% 0.6% 0.8%
Asset Allocation Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Equity 97.4% 100.0% -2.6%
Market Cap Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Large 80.4% 87.3% -6.9%
Mid 11.2% 12.3% -1.1%
Small 5.7% 0.3% 5.3%
Analytics
(As of 03/31/2019)

Morningstar 03/31/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
221
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-3.41
-3.36
Beta
1.04
1.03
Information Ratio
-1.20
-0.98
R-Squared
95.86
93.07
Sharpe Ratio
0.93
0.74
Standard Deviation
13.00
13.11
Upside Capture
94.19
93.96
Downside Capture
114.54
115.57
Sortino Ratio
1.44
1.15
Win Ratio
33.00
37.00
Loss Ratio
67.00
63.00
Tracking Error
2.70
3.47
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$303.11 B
$290.58 B
Median Market Cap (weighted)
$100.25 B
$115.95 B
P/E Ratio (LTM)
23.77
23.86
P/E Ratio (NTM)
19.54
20.62
Price/Book
6.24
7.28
Return on Equity
24.40%
28.82%
Turnover Ratio
27%
-
Active Share
62.80%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.1866
12-Month Distribution ($)
$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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