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OTCYX

Capital Appreciation Fund

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Overview

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

Inception Date
November 3, 1997
Investment Style
Large Cap Growth
Fund Index
Russell 1000® Growth Index
CUSIP
68379A404
NAV
  • A
(as of 01/22/2018)
$67.63
Total Assets
(as of 12/31/2017)
$5.23 BN
Gross Expense Ratio
(as of 12/31/2017)
0.82%
Net Expense Ratio
(as of 12/31/2017)
0.82%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 12/31/2017
  • J
as of 12/31/2017
  • J

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2017-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (NAV)
26.82% 26.82% 8.70% 13.95% 6.40% 6.79%
Russell 1000® Growth Index
30.21% 30.21% 13.79% 17.33% 10.00% -
Cumulative
Annualized
ytd as of 2017-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (NAV)
26.82% 26.82% 8.70% 13.95% 6.40% 6.79%
Russell 1000® Growth Index
30.21% 30.21% 13.79% 17.33% 10.00% -
Gross Expense Ratio: 0.82% | Net Expense Ratio: 0.82%

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 Y 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
1998 24.46% 38.71%
1999 42.61% 33.16%
2000 -0.91% -22.42%
2001 -12.41% -20.42%
2002 -25.96% -27.88%
2003 29.95% 29.75%
2004 6.84% 6.30%
2005 5.08% 5.26%
2006 7.93% 9.07%
2007 14.20% 11.81%
2008 -45.67% -38.44%
2009 44.14% 37.21%
2010 9.63% 16.71%
2011 -1.17% 2.64%
2012 14.14% 15.26%
2013 29.69% 33.48%
2014 15.32% 13.05%
2015 3.47% 5.67%
2016 -2.12% 7.08%
2017 26.82% 30.21%

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 Y 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
12/31/2007 0.00 0.00 0.00 0.00
1/31/2008 -9.07 -7.80 -7.64 -6.00
2/29/2008 -11.07 -9.63 -8.18 -9.05
3/31/2008 -11.73 -10.18 -9.06 -9.44
4/30/2008 -4.57 -5.46 -4.28 -5.03
5/31/2008 -0.99 -2.00 -2.82 -3.80
6/30/2008 -8.83 -9.06 -10.57 -11.91
7/31/2008 -11.83 -10.79 -12.75 -12.65
8/31/2008 -11.50 -9.83 -13.98 -11.39
9/30/2008 -24.75 -20.27 -24.21 -19.29
10/31/2008 -39.49 -34.31 -38.58 -32.84
11/30/2008 -47.20 -39.53 -42.56 -37.66
12/31/2008 -45.89 -38.44 -40.71 -37.00
1/31/2009 -47.51 -41.40 -45.91 -42.31
2/28/2009 -50.99 -45.81 -51.44 -48.45
3/31/2009 -46.58 -40.97 -47.78 -43.94
4/30/2009 -40.78 -35.31 -41.92 -38.57
5/31/2009 -36.91 -32.10 -36.66 -35.13
6/30/2009 -36.46 -31.34 -36.95 -35.00
7/31/2009 -32.02 -26.46 -31.61 -30.09
8/31/2009 -31.09 -24.94 -28.79 -27.56
9/30/2009 -27.90 -21.75 -25.95 -24.86
10/31/2009 -29.57 -22.81 -27.26 -26.26
11/30/2009 -25.58 -18.06 -24.29 -21.83
12/31/2009 -22.32 -15.53 -22.93 -20.32
1/31/2010 -26.73 -19.22 -26.12 -23.19
2/28/2010 -24.46 -16.44 -25.08 -20.81
3/31/2010 -19.55 -11.61 -20.44 -16.03
4/30/2010 -20.53 -10.62 -20.43 -14.71
5/31/2010 -27.35 -17.44 -28.05 -21.52
6/30/2010 -31.50 -21.99 -30.52 -25.63
7/31/2010 -27.65 -16.42 -24.88 -20.42
8/31/2010 -30.68 -20.33 -27.69 -24.01
9/30/2010 -23.33 -11.84 -20.94 -17.23
10/31/2010 -19.86 -7.63 -18.00 -14.08
11/30/2010 -19.69 -6.56 -19.77 -14.07
12/31/2010 -15.21 -1.42 -13.87 -8.32
1/31/2011 -14.22 1.09 -11.92 -6.15
2/28/2011 -10.95 4.40 -8.84 -2.93
3/31/2011 -11.44 4.53 -9.74 -2.90
4/30/2011 -8.72 8.03 -5.90 -0.02
5/31/2011 -9.79 6.85 -7.85 -1.15
6/30/2011 -10.74 5.32 -9.31 -2.80
7/31/2011 -11.87 4.27 -10.96 -4.78
8/31/2011 -17.00 -1.24 -17.23 -9.95
9/30/2011 -23.83 -8.51 -24.38 -16.28
10/31/2011 -15.14 1.53 -16.56 -7.13
11/30/2011 -15.53 1.52 -18.59 -7.33
12/31/2011 -16.55 1.19 -18.64 -6.39
1/31/2012 -12.07 7.23 -14.56 -2.19
2/29/2012 -7.27 12.36 -10.38 2.04
3/31/2012 -4.89 16.05 -9.23 5.40
4/30/2012 -5.17 15.87 -10.26 4.73
5/31/2012 -11.42 8.44 -18.01 -1.56
6/30/2012 -9.86 11.39 -13.83 2.50
7/31/2012 -8.85 12.88 -12.72 3.92
8/31/2012 -5.71 15.92 -10.51 6.26
9/30/2012 -4.11 18.19 -8.05 9.01
10/31/2012 -7.37 14.74 -8.67 6.99
11/30/2012 -5.42 16.66 -7.50 7.61
12/31/2012 -5.12 16.63 -5.76 8.59
1/31/2013 -1.24 21.63 -0.96 14.22
2/28/2013 -0.06 23.14 -0.80 15.77
3/31/2013 3.19 27.76 1.52 20.11
4/30/2013 3.82 30.47 4.72 22.43
5/31/2013 5.54 32.90 4.76 25.29
6/30/2013 3.00 30.40 2.18 23.61
7/31/2013 8.25 37.31 7.56 29.90
8/31/2013 6.17 34.96 5.27 26.13
9/30/2013 10.80 40.97 10.53 30.09
10/31/2013 15.29 47.21 14.86 36.07
11/30/2013 18.72 51.36 16.90 40.22
12/31/2013 22.62 55.68 19.38 43.77
1/31/2014 19.05 51.24 14.95 38.80
2/28/2014 26.43 59.03 20.71 45.14
3/31/2014 22.49 57.42 20.88 46.36
4/30/2014 21.31 57.43 22.12 47.45
5/31/2014 26.45 62.34 24.52 50.91
6/30/2014 30.32 65.50 26.75 54.03
7/31/2014 30.48 62.97 24.73 51.90
8/31/2014 35.99 70.43 27.48 57.98
9/30/2014 34.23 67.96 24.02 55.76
10/31/2014 37.51 72.39 24.82 59.57
11/30/2014 41.48 77.85 27.32 63.86
12/31/2014 41.09 76.00 25.27 63.45
1/31/2015 38.88 73.30 23.00 58.54
2/28/2015 47.87 84.85 30.21 67.65
3/31/2015 45.94 82.75 28.17 65.00
4/30/2015 44.92 83.67 31.17 66.58
5/31/2015 47.06 86.25 31.62 68.72
6/30/2015 46.70 82.97 28.56 65.46
7/31/2015 50.91 89.18 30.87 68.92
8/31/2015 40.28 77.69 22.21 58.73
9/30/2015 34.50 73.29 17.70 54.81
10/31/2015 46.59 88.21 27.03 67.86
11/30/2015 47.99 88.74 26.40 68.36
12/31/2015 45.63 85.97 24.18 65.71
1/31/2016 35.37 75.59 16.75 57.48
2/29/2016 30.18 75.52 15.88 57.27
3/31/2016 35.42 87.35 23.74 67.94
4/30/2016 33.96 85.64 25.70 68.59
5/31/2016 38.34 89.25 26.41 71.62
6/30/2016 36.42 88.50 24.99 72.06
7/31/2016 43.87 97.40 30.27 78.41
8/31/2016 43.12 96.42 30.38 78.66
9/30/2016 44.39 97.14 31.07 78.69
10/31/2016 40.04 92.51 28.54 75.43
11/30/2016 40.82 96.70 30.38 81.93
12/31/2016 42.22 99.13 33.50 85.53
1/31/2017 48.17 105.84 36.73 89.04
2/28/2017 54.06 114.39 40.52 96.55
3/31/2017 56.82 116.87 42.02 96.78
4/30/2017 60.88 121.83 44.12 98.80
5/31/2017 63.81 127.60 47.17 101.60
6/30/2017 63.72 127.00 47.73 102.86
7/31/2017 66.46 133.03 51.27 107.03
8/31/2017 68.74 137.31 51.48 107.66
9/30/2017 69.98 140.39 54.88 111.95
10/31/2017 74.10 149.71 57.81 116.89
11/30/2017 78.18 157.29 61.23 123.54
12/31/2017 79.94 159.30 0.00 0.00

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 Y 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 01/22/2018

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

(59.9% of assets as of 11/30/2017)


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 95.8% 99.7% -3.9%
Canada 2.6% - -
Belgium 0.4% - -
Developed Markets Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Americas 98.4% 99.7% -1.3%
Europe 0.4% 0.2% 0.2%
Equity Sector Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Information Technology 39.9% 38.2% 1.7%
Consumer Discretionary 18.9% 17.9% 1.0%
Health Care 12.0% 13.2% -1.2%
Industrials 10.5% 12.6% -2.0%
Consumer Staples 5.9% 6.7% -0.8%
Financials 5.3% 3.4% 2.0%
Energy 2.3% 0.8% 1.5%
Utilities 2.1% 0.0% 2.1%
Materials 1.3% 3.7% -2.4%
Real Estate 0.5% 2.5% -2.1%
Industry Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Internet Software & Services 13.6% 8.4% 5.1%
Software 9.0% 9.0% 0.0%
Technology Hardware Storage & Peripherals 7.3% 7.2% 0.1%
IT Services 6.8% 7.6% -0.8%
Specialty Retail 5.9% 3.5% 2.4%
Internet & Direct Marketing Retail 5.5% 5.1% 0.4%
Biotechnology 4.6% 4.5% 0.0%
Capital Markets 4.3% 1.9% 2.4%
Hotels Restaurants & Leisure 3.3% 3.4% -0.1%
Semiconductors & Semiconductor Equipment 3.3% 4.9% -1.6%
Beverages 3.2% 2.9% 0.4%
Media 2.5% 3.1% -0.6%
Health Care Equipment & Supplies 2.4% 2.7% -0.3%
Machinery 2.3% 2.5% -0.1%
Oil Gas & Consumable Fuels 2.3% 0.6% 1.7%
Health Care Providers & Services 2.2% 2.8% -0.7%
Pharmaceuticals 2.0% 1.9% 0.2%
Commercial Services & Supplies 1.8% 0.5% 1.3%
Airlines 1.7% 0.4% 1.3%
Household Durables 1.6% 0.3% 1.3%
Asset Allocation Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Equity 98.8% 100.0% -1.2%
Market Cap Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Large 74.6% 82.1% -7.5%
Mid 19.1% 17.1% 2.0%
Small 5.2% 0.8% 4.4%
Analytics
(As of 12/31/2017)

Morningstar 12/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
1216
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-4.83
-3.34
Beta
1.02
1.03
Information Ratio
-1.39
-0.99
R-Squared
89.88
90.15
Sharpe Ratio
0.74
1.24
Standard Deviation
11.54
10.81
Upside Capture
91.50
94.76
Downside Capture
133.17
123.28
Sortino Ratio
0.35
0.65
Win Ratio
39.00
37.00
Loss Ratio
61.00
63.00
Tracking Error
3.67
3.40
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/14/2017
Per Share ($)
$0.1449
12-Month Distribution ($)
$0.1449
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$247.10 B
$227.90 B
Median Market Cap (weighted)
$82.20 B
$93.80 B
P/E Ratio (LTM)
24.78
27.13
P/E Ratio (NTM)
19.62
21.58
Price/Book
4.67
6.74
Return on Equity
24.97%
24.73%
Turnover Ratio
63.00%
-
Distribution Sources
  • D
Net Income
4.20%
Net Profit from Sale
23.40%
Other Capital Sources
72.40%
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. 8. Prior to 7/1/14, Class R shares were named Class N shares. Beginning 7/1/14, new purchases of Class R shares will no longer be subject to a CDSC upon redemption (any CDSC will remain in effect for purchases prior to 7/1/14),
  9. 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.
  10. 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.
  11. 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.
  12. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  13. E. Class B shares convert to Class A shares 72 months after purchase; therefore "since inception", "10-year" and "15-year" returns for Class B (if applicable) use Class A performance for period after conversion.
  14. 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 contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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.
  15. G. 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.
  16. H. 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.
  17. I. 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 are subject to a 0.25% annual asset-backed sales charge. Prior to 7/1/14, Class R shares were named Class N shares and were subject to a 1% CDSC (18 months). Returns do not consider capital gains or income taxes on an individual's investment.
  18. J. 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 Y 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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