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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
  • A
(as of 07/20/2018)
$60.43
Total Assets
(as of 06/30/2018)
$5.06 BN
Gross Expense Ratio
(as of 06/30/2018)
1.32%
Net Expense Ratio
(as of 06/30/2018)
1.32%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2018
as of 06/30/2018

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (NAV)
4.48% 14.69% 8.39% 12.53% 7.25% 4.45%
Russell 1000® Growth Index
7.25% 22.51% 14.98% 16.36% 11.83% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (with sales charge)
4.48% 14.69% 8.39% 12.53% 7.25% 4.45%
Russell 1000® Growth Index
7.25% 22.51% 14.98% 16.36% 11.83% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (NAV)
4.48% 14.69% 8.39% 12.53% 7.25% 4.45%
Russell 1000® Growth Index
7.25% 22.51% 14.98% 16.36% 11.83% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (with sales charge)
4.48% 14.69% 8.39% 12.53% 7.25% 4.45%
Russell 1000® Growth Index
7.25% 22.51% 14.98% 16.36% 11.83% -
Gross Expense Ratio: 1.32% | Net Expense Ratio: 1.32%

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%

Date Capital Appreciation Fund Russell 1000® Growth Index MSCI World S&P 500
6/30/2008 0.00 0.00 0.00 0.00
7/31/2008 -3.29 -1.90 -2.44 -0.84
8/31/2008 -2.92 -0.84 -3.81 0.59
9/30/2008 -17.46 -12.33 -15.25 -8.37
10/31/2008 -33.63 -27.76 -31.32 -23.76
11/30/2008 -42.08 -33.51 -35.77 -29.23
12/31/2008 -40.65 -32.31 -33.71 -28.48
1/31/2009 -42.42 -35.56 -39.51 -34.51
2/28/2009 -46.24 -40.41 -45.71 -41.48
3/31/2009 -41.40 -35.10 -41.61 -36.35
4/30/2009 -35.04 -28.86 -35.06 -30.26
5/31/2009 -30.79 -25.34 -29.18 -26.36
6/30/2009 -30.30 -24.50 -29.50 -26.21
7/31/2009 -25.44 -19.14 -23.53 -20.63
8/31/2009 -24.41 -17.46 -20.37 -17.77
9/30/2009 -20.91 -13.95 -17.20 -14.70
10/31/2009 -22.75 -15.12 -18.67 -16.28
11/30/2009 -18.37 -9.90 -15.35 -11.26
12/31/2009 -14.79 -7.12 -13.83 -9.55
1/31/2010 -19.63 -11.17 -17.39 -12.80
2/28/2010 -17.14 -8.12 -16.22 -10.10
3/31/2010 -11.76 -2.80 -11.04 -4.68
4/30/2010 -12.83 -1.72 -11.02 -3.17
5/31/2010 -20.32 -9.22 -19.55 -10.90
6/30/2010 -24.86 -14.22 -22.30 -15.57
7/31/2010 -20.64 -8.10 -16.00 -9.65
8/31/2010 -23.97 -12.39 -19.14 -13.73
9/30/2010 -15.90 -3.07 -11.60 -6.03
10/31/2010 -12.10 1.56 -8.31 -2.46
11/30/2010 -11.91 2.74 -10.29 -2.44
12/31/2010 -7.00 8.40 -3.69 4.08
1/31/2011 -5.91 11.16 -1.51 6.54
2/28/2011 -2.33 14.80 1.93 10.19
3/31/2011 -2.86 14.94 0.93 10.24
4/30/2011 0.13 18.79 5.22 13.50
5/31/2011 -1.05 17.50 3.03 12.22
6/30/2011 -2.09 15.81 1.40 10.35
7/31/2011 -3.33 14.65 -0.43 8.10
8/31/2011 -8.96 8.60 -7.45 2.23
9/30/2011 -16.45 0.60 -15.44 -4.96
10/31/2011 -6.91 11.64 -6.70 5.43
11/30/2011 -7.34 11.63 -8.97 5.20
12/31/2011 -8.46 11.27 -9.03 6.27
1/31/2012 -3.55 17.91 -4.46 11.04
2/29/2012 1.71 23.55 0.21 15.84
3/31/2012 4.32 27.61 1.50 19.65
4/30/2012 4.02 27.41 0.34 18.90
5/31/2012 -2.84 19.24 -8.32 11.75
6/30/2012 -1.13 22.48 -3.65 16.36
7/31/2012 -0.02 24.12 -2.41 17.97
8/31/2012 3.42 27.46 0.07 20.63
9/30/2012 5.18 29.96 2.81 23.75
10/31/2012 1.61 26.17 2.12 21.46
11/30/2012 3.74 28.28 3.43 22.17
12/31/2012 4.07 28.24 5.37 23.28
1/31/2013 8.33 33.74 10.74 29.67
2/28/2013 9.62 35.40 10.92 31.43
3/31/2013 13.19 40.48 13.52 36.36
4/30/2013 13.88 43.47 17.10 38.98
5/31/2013 15.77 46.13 17.14 42.24
6/30/2013 12.97 43.38 14.25 40.33
7/31/2013 18.74 50.98 20.27 47.47
8/31/2013 16.46 48.40 17.71 43.19
9/30/2013 21.54 55.01 23.60 47.69
10/31/2013 26.46 61.87 28.43 54.47
11/30/2013 30.23 66.43 30.72 59.18
12/31/2013 34.50 71.19 33.48 63.21
1/31/2014 30.59 66.31 28.54 57.57
2/28/2014 38.68 74.87 34.97 64.78
3/31/2014 34.36 73.10 35.17 66.16
4/30/2014 33.06 73.11 36.55 67.39
5/31/2014 38.70 78.50 39.24 71.32
6/30/2014 42.94 81.98 41.73 74.86
7/31/2014 43.12 79.20 39.47 72.45
8/31/2014 49.17 87.41 42.54 79.34
9/30/2014 47.23 84.69 38.67 76.83
10/31/2014 50.83 89.56 39.57 81.15
11/30/2014 55.19 95.56 42.37 86.02
12/31/2014 54.76 93.53 40.07 85.55
1/31/2015 52.34 90.56 37.53 79.98
2/28/2015 62.20 103.26 45.59 90.33
3/31/2015 60.08 100.95 43.31 87.32
4/30/2015 58.96 101.96 46.67 89.11
5/31/2015 61.31 104.80 47.18 91.54
6/30/2015 60.92 101.19 43.76 87.84
7/31/2015 65.53 108.02 46.34 91.77
8/31/2015 53.87 95.38 36.65 80.20
9/30/2015 47.54 90.55 31.61 75.74
10/31/2015 60.79 106.96 42.04 90.57
11/30/2015 62.33 107.54 41.34 91.13
12/31/2015 59.74 104.49 38.85 88.12
1/31/2016 48.48 93.08 30.54 78.78
2/29/2016 42.79 92.99 29.57 78.54
3/31/2016 48.54 106.01 38.37 90.66
4/30/2016 46.94 104.13 40.56 91.39
5/31/2016 51.74 108.09 41.34 94.83
6/30/2016 49.64 107.28 39.76 95.34
7/31/2016 57.81 117.06 45.67 102.54
8/31/2016 56.98 115.98 45.79 102.82
9/30/2016 58.38 116.77 46.56 102.86
10/31/2016 53.61 111.68 43.72 99.16
11/30/2016 54.47 116.29 45.79 106.54
12/31/2016 56.00 118.96 49.28 110.62
1/31/2017 62.52 126.34 52.88 114.61
2/28/2017 68.98 135.74 57.12 123.14
3/31/2017 72.01 138.47 58.80 123.40
4/30/2017 76.46 143.92 61.15 125.69
5/31/2017 79.68 150.27 64.56 128.87
6/30/2017 79.59 149.61 65.19 130.29
7/31/2017 82.59 156.24 69.14 135.03
8/31/2017 85.09 160.94 69.38 135.75
9/30/2017 86.45 164.33 73.18 140.61
10/31/2017 90.96 174.57 76.46 146.23
11/30/2017 95.45 182.92 80.28 153.78
12/31/2017 97.38 185.12 82.72 156.60
1/31/2018 111.07 205.31 92.37 171.29
2/28/2018 103.36 197.31 84.40 161.29
3/31/2018 95.89 189.15 80.38 154.65
4/30/2018 96.43 190.16 82.45 155.63
5/31/2018 105.76 202.88 83.59 161.79
6/30/2018 106.47 205.80 83.51 163.40
$ per share as of 07/23/2018

Date 2013 2014 2015 2016 2017
Short Term 1.6941 0.3461 1.8556
Long Term 2.5532 7.8660 7.0818 2.1269 3.5868
Total Amount of Distribution 2.5532 9.5601 7.4279 2.1269 5.4424
Record Date 12/9/13 12/8/14 12/4/15 12/2/16 12/13/17
Ex Div Date 12/10/13 12/9/14 12/7/15 12/5/16 12/14/17
Pay Date 12/11/13 12/9/14 12/7/15 12/5/16 12/14/17

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

Portfolio

Top Issuers

(59.8% of assets as of 06/30/2018)


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 97.3% 99.9% -2.7%
Canada 1.5% - -
Belgium 0.5% - -
Developed Markets Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Americas 98.8% 99.9% -1.1%
Europe 0.5% 0.0% 0.5%
Equity Sector Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Information Technology 46.0% 41.5% 4.4%
Consumer Discretionary 17.5% 17.9% -0.5%
Health Care 12.9% 13.4% -0.4%
Industrials 10.4% 11.9% -1.4%
Financials 5.2% 4.4% 0.7%
Consumer Staples 2.1% 5.7% -3.6%
Energy 2.1% 1.0% 1.1%
Utilities 1.5% - -
Materials 1.5% 1.8% -0.3%
Industry Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Software 14.5% 10.7% 3.7%
Internet Software & Services 12.6% 9.9% 2.7%
IT Services 7.4% 8.1% -0.8%
Internet & Direct Marketing Retail 7.0% 7.6% -0.7%
Specialty Retail 6.5% 3.8% 2.7%
Technology Hardware Storage & Peripherals 6.0% 7.3% -1.4%
Biotechnology 5.6% 5.0% 0.6%
Semiconductors & Semiconductor Equipment 4.9% 4.5% 0.4%
Capital Markets 4.3% 2.4% 1.9%
Health Care Providers & Services 4.3% 3.2% 1.1%
Hotels Restaurants & Leisure 3.1% 2.1% 1.1%
Machinery 2.2% 2.2% 0.1%
Aerospace & Defense 2.1% 3.5% -1.5%
Oil Gas & Consumable Fuels 2.1% 0.7% 1.4%
Road & Rail 2.0% 1.2% 0.8%
Commercial Services & Supplies 1.7% 0.5% 1.1%
Airlines 1.5% 0.2% 1.2%
Gas Utilities 1.5% - -
Health Care Equipment & Supplies 1.2% 2.5% -1.3%
Food Products 1.2% 0.2% 0.9%
Asset Allocation Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Equity 99.3% 100.0% -0.7%
Market Cap Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Large 83.1% 86.7% -3.6%
Mid 13.6% 13.2% 0.4%
Small 2.7% 0.2% 2.5%
Analytics
(As of 06/30/2018)

Morningstar 06/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1265
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-6.67
-3.93
Beta
1.06
1.04
Information Ratio
-1.88
-1.13
R-Squared
92.05
91.33
Sharpe Ratio
0.66
1.06
Standard Deviation
12.23
11.42
Upside Capture
91.93
94.97
Downside Capture
146.73
127.08
Sortino Ratio
0.30
0.54
Win Ratio
31.00
35.00
Loss Ratio
69.00
65.00
Tracking Error
3.51
3.39
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/14/2017
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$276.32 B
$36.15 B
Median Market Cap (weighted)
$97.80 B
$24.68 B
P/E Ratio (LTM)
24.79
27.82
P/E Ratio (NTM)
19.24
20.04
Price/Book
5.57
4.18
Return on Equity
23.46%
18.44%
Turnover Ratio
63%
-
Active Share
60.74%
-
Distribution Sources
  • D
Net Income
1.10%
Net Profit from Sale
82.90%
Other Capital Sources
16.00%
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. Special Risks: 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. Access index definitions.
  5. 5. Holdings are subject to change, and are dollar weighted based on total net 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. 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.
  9. 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.
  10. 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.
  11. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  12. E. 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.
  13. F. 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.
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