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OTCNX

Capital Appreciation Fund

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Overview

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

Inception Date
March 1, 2001
Investment Style
Large Cap Growth
Fund Index
Russell 1000® Growth Index
CUSIP
68379A503
NAV
  • B
(as of 02/15/2019)
$53.61
Total Assets
(as of 01/31/2019)
$4.15 BN
Gross Expense Ratio
(as of 01/31/2019)
1.30%
Net Expense Ratio
(as of 01/31/2019)
1.30%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 01/31/2019
  • H
as of 12/31/2018
  • H

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • H
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (NAV)
-6.20% -6.20% 4.86% 6.38% 11.80% 3.70%
Russell 1000® Growth Index
-1.51% -1.51% 11.15% 10.40% 15.29% -
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (with sales charge)
-6.20% -6.20% 4.86% 6.38% 11.80% 3.70%
Russell 1000® Growth Index
-1.51% -1.51% 11.15% 10.40% 15.29% -
Cumulative
Annualized
ytd as of 2019-01-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (NAV)
10.85% -2.74% 11.20% 9.24% 13.30% 4.28%
Russell 1000® Growth Index
8.99% 0.24% 16.60% 12.97% 16.86% -
Cumulative
Annualized
ytd as of 2019-01-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (with sales charge)
10.85% -2.74% 11.20% 9.24% 13.30% 4.28%
Russell 1000® Growth Index
8.99% 0.24% 16.60% 12.97% 16.86% -
Gross Expense Ratio: 1.30% | Net Expense Ratio: 1.30%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 R 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
2002 -26.41% -27.88%
2003 29.12% 29.75%
2004 6.06% 6.30%
2005 4.30% 5.26%
2006 7.14% 9.07%
2007 13.40% 11.81%
2008 -46.06% -38.44%
2009 43.40% 37.21%
2010 8.82% 16.71%
2011 -1.84% 2.64%
2012 13.41% 15.26%
2013 28.90% 33.48%
2014 14.77% 13.05%
2015 2.96% 5.67%
2016 -2.61% 7.08%
2017 26.19% 30.21%
2018 -6.20% -1.51%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 R 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
1/31/2009 0.00 0.00 0.00 0.00
2/28/2009 -6.63 -7.52 -10.24 -10.65
3/31/2009 1.78 0.73 -3.47 -2.82
4/30/2009 12.82 10.40 7.36 6.48
5/31/2009 20.20 15.87 17.09 12.44
6/30/2009 21.05 17.16 16.56 12.66
7/31/2009 29.50 25.49 26.43 21.18
8/31/2009 31.28 28.09 31.65 25.56
9/30/2009 37.36 33.54 36.90 30.24
10/31/2009 34.17 31.73 34.46 27.82
11/30/2009 41.77 39.82 39.96 35.49
12/31/2009 48.00 44.14 42.47 38.10
1/31/2010 39.58 37.85 36.58 33.14
2/28/2010 43.92 42.59 38.51 37.26
3/31/2010 53.26 50.84 47.08 45.54
4/30/2010 51.41 52.52 47.10 47.84
5/31/2010 38.40 40.88 33.01 36.04
6/30/2010 30.50 33.12 28.45 28.92
7/31/2010 37.84 42.62 38.87 37.95
8/31/2010 32.06 35.96 33.68 31.72
9/30/2010 46.07 50.43 46.15 43.48
10/31/2010 52.67 57.62 51.60 48.93
11/30/2010 53.00 59.45 48.32 48.95
12/31/2010 61.53 68.23 59.23 58.91
1/31/2011 63.42 72.51 62.83 62.67
2/28/2011 69.64 78.16 68.53 68.25
3/31/2011 68.72 78.37 66.86 68.31
4/30/2011 73.91 84.35 73.95 73.30
5/31/2011 71.87 82.34 70.34 71.34
6/30/2011 70.05 79.73 67.65 68.48
7/31/2011 67.90 77.92 64.61 65.06
8/31/2011 58.12 68.53 53.01 56.09
9/30/2011 45.11 56.12 39.80 45.12
10/31/2011 61.68 73.25 54.26 60.98
11/30/2011 60.93 73.23 50.49 60.62
12/31/2011 58.99 72.67 50.41 62.26
1/31/2012 67.53 82.98 57.95 69.54
2/29/2012 76.66 91.73 65.67 76.87
3/31/2012 81.19 98.04 67.80 82.69
4/30/2012 80.67 97.73 65.89 81.54
5/31/2012 68.75 85.05 51.57 70.63
6/30/2012 71.72 90.07 59.30 77.66
7/31/2012 73.65 92.62 61.35 80.13
8/31/2012 79.63 97.80 65.44 84.18
9/30/2012 82.67 101.68 69.98 88.94
10/31/2012 76.47 95.80 68.83 85.46
11/30/2012 80.19 99.08 70.99 86.53
12/31/2012 80.75 99.02 74.21 88.23
1/31/2013 88.15 107.55 83.08 97.98
2/28/2013 90.39 110.13 83.39 100.67
3/31/2013 96.59 118.02 87.68 108.19
4/30/2013 97.79 122.64 93.59 112.21
5/31/2013 101.07 126.78 93.67 117.17
6/30/2013 96.22 122.51 88.89 114.25
7/31/2013 106.23 134.31 98.84 125.16
8/31/2013 102.27 130.29 94.61 118.63
9/30/2013 111.09 140.56 104.34 125.49
10/31/2013 119.64 151.20 112.34 135.86
11/30/2013 126.18 158.28 116.11 143.04
12/31/2013 133.60 165.66 120.68 149.20
1/31/2014 126.81 158.09 112.51 140.58
2/28/2014 140.86 171.37 123.15 151.59
3/31/2014 133.37 168.64 123.47 153.70
4/30/2014 131.10 168.65 125.76 155.58
5/31/2014 140.90 177.02 130.20 161.58
6/30/2014 148.27 182.42 134.32 166.98
7/31/2014 148.58 178.10 130.58 163.30
8/31/2014 159.08 190.84 135.66 173.83
9/30/2014 155.72 186.62 129.27 169.99
10/31/2014 161.97 194.17 130.75 176.58
11/30/2014 169.54 203.49 135.37 184.02
12/31/2014 168.80 200.33 131.58 183.31
1/31/2015 164.58 195.73 127.38 174.80
2/28/2015 181.71 215.44 140.70 190.60
3/31/2015 178.04 211.86 136.94 186.00
4/30/2015 176.09 213.42 142.49 188.74
5/31/2015 180.17 217.83 143.33 192.46
6/30/2015 179.49 212.23 137.67 186.80
7/31/2015 187.51 222.82 141.94 192.80
8/31/2015 167.26 203.21 125.93 175.14
9/30/2015 156.25 195.71 117.59 168.33
10/31/2015 179.26 221.18 134.84 190.97
11/30/2015 181.93 222.08 133.67 191.83
12/31/2015 177.44 217.35 129.56 187.23
1/31/2016 157.89 199.63 115.83 172.97
2/29/2016 148.01 199.51 114.22 172.61
3/31/2016 157.99 219.71 128.76 191.10
4/30/2016 155.21 216.79 132.38 192.23
5/31/2016 163.55 222.94 133.68 197.48
6/30/2016 159.90 221.67 131.06 198.25
7/31/2016 174.10 236.85 140.83 209.24
8/31/2016 172.66 235.18 141.03 209.68
9/30/2016 175.08 236.41 142.31 209.74
10/31/2016 166.79 228.51 137.62 204.09
11/30/2016 168.28 235.65 141.03 215.35
12/31/2016 170.95 239.81 146.80 221.58
1/31/2017 182.27 251.26 152.76 227.68
2/28/2017 193.50 265.85 159.77 240.69
3/31/2017 198.76 270.08 162.54 241.09
4/30/2017 206.49 278.55 166.42 244.59
5/31/2017 212.08 288.39 172.06 249.44
6/30/2017 211.91 287.37 173.11 251.62
7/31/2017 217.12 297.66 179.64 258.85
8/31/2017 221.47 304.95 180.04 259.95
9/30/2017 223.83 310.22 186.32 267.38
10/31/2017 231.67 326.11 191.73 275.95
11/30/2017 239.46 339.06 198.06 287.48
12/31/2017 242.82 342.47 202.09 291.79
1/31/2018 266.60 373.81 218.04 314.22
2/28/2018 253.21 361.39 204.86 298.95
3/31/2018 240.23 348.74 198.22 288.81
4/30/2018 241.17 350.30 201.64 290.30
5/31/2018 257.38 370.04 203.53 299.70
6/30/2018 258.61 374.57 203.39 302.16
7/31/2018 270.47 388.50 212.86 317.13
8/31/2018 286.50 415.21 216.73 330.72
9/30/2018 287.03 418.09 218.50 333.17
10/31/2018 251.68 371.76 195.11 303.57
11/30/2018 254.50 376.77 198.46 311.79
12/31/2018 222.38 335.78 175.77 274.61
1/31/2019 257.47 374.95 197.23 304.63

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 R 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 02/15/2019

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

(62.2% of assets as of 01/31/2019)


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 94.8% 100.0% -5.2%
Canada 1.6% - -
China 1.6% 0.0% 1.6%
United Kingdom 0.7% - -
Belgium 0.4% - -
Developed Markets Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Americas 96.4% 100.0% -3.6%
Europe 1.1% 0.0% 1.1%
Equity Sector Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Information Technology 29.1% 31.2% -2.0%
Consumer Discretionary 20.0% 15.3% 4.7%
Health Care 12.8% 14.1% -1.2%
Communication Services 12.6% 12.4% 0.2%
Industrials 11.2% 12.0% -0.8%
Financials 4.9% 4.4% 0.5%
Consumer Staples 2.8% 5.7% -2.9%
Energy 2.5% 0.8% 1.7%
Utilities 1.7% - -
Materials 1.4% 1.8% -0.4%
Industry Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Software 12.3% 11.2% 1.1%
Interactive Media & Services 11.7% 8.9% 2.7%
Internet & Direct Marketing Retail 10.0% 6.5% 3.5%
IT Services 6.8% 8.4% -1.6%
Specialty Retail 6.5% 3.9% 2.6%
Biotechnology 5.4% 5.1% 0.3%
Technology Hardware Storage & Peripherals 5.1% 6.5% -1.4%
Health Care Providers & Services 4.8% 3.4% 1.4%
Semiconductors & Semiconductor Equipment 3.8% 3.9% -0.1%
Hotels Restaurants & Leisure 3.6% 2.1% 1.4%
Capital Markets 3.1% 2.3% 0.8%
Oil Gas & Consumable Fuels 2.5% 0.6% 1.9%
Road & Rail 2.5% 1.2% 1.3%
Aerospace & Defense 2.5% 3.6% -1.1%
Machinery 2.3% 2.2% 0.0%
Gas Utilities 1.7% - -
Food Products 1.5% 0.2% 1.2%
Airlines 1.5% 0.2% 1.3%
Commercial Services & Supplies 1.4% 0.6% 0.9%
Health Care Equipment & Supplies 1.1% 2.6% -1.5%
Asset Allocation Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Equity 99.1% 100.0% -0.9%
Market Cap Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Large 82.7% 87.6% -4.9%
Mid 13.1% 12.2% 1.0%
Small 3.3% 0.2% 3.0%
Analytics
(As of 01/31/2019)

Morningstar 01/31/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
1252
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-5.18
-3.85
Beta
1.03
1.05
Information Ratio
-1.50
-1.05
R-Squared
93.00
93.26
Sharpe Ratio
0.77
0.67
Standard Deviation
13.44
13.44
Upside Capture
92.28
95.24
Downside Capture
129.63
120.89
Sortino Ratio
1.19
1.06
Win Ratio
31.00
35.00
Loss Ratio
69.00
65.00
Tracking Error
3.59
3.54
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$277.24 B
$265.30 B
Median Market Cap (weighted)
$87.69 B
$104.20 B
P/E Ratio (LTM)
21.22
22.50
P/E Ratio (NTM)
18.13
19.40
Price/Book
5.58
6.92
Return on Equity
26.15%
27.00%
Turnover Ratio
29%
-
Active Share
61.52%
-
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
12/13/2018
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Distribution Sources
  • E
Net Income
0.30%
Net Profit from Sale
99.70%
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. 7. 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.
  8. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  9. B. 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.
  10. C. 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.
  11. D. "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.
  12. E. There is no guarantee of the payment of any dividend or other distributions at any level.
  13. F. 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 and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated.  Class C shares are subject to a 0.75% annual asset-backed sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
  14. G. 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.
  15. H. The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 R shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
     
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