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OPTIX

Capital Appreciation Fund

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Overview

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

Inception Date
December 29, 2011
Investment Style
Large Cap Growth
Fund Index
Russell 1000® Growth Index
CUSIP
68379A602
NAV
  • A
(as of 09/21/2018)
$71.53
Total Assets
(as of 08/31/2018)
$5.32 BN
Gross Expense Ratio
(as of 08/31/2018)
0.63%
Net Expense Ratio
(as of 08/31/2018)
0.63%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 08/31/2018
  • F
as of 06/30/2018
  • F

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (NAV)
4.82% 15.44% 9.11% 13.29% - 13.76%
Russell 1000® Growth Index
7.25% 22.51% 14.98% 16.36% 11.83% -
Cumulative
Annualized
ytd as of 2018-08-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (NAV)
13.05% 20.70% 13.55% 14.30% - 14.68%
Russell 1000® Growth Index
16.44% 27.23% 19.33% 17.47% 12.84% -
Gross Expense Ratio: 0.63% | Net Expense Ratio: 0.63%

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.


Year Capital Appreciation Fund Russell 1000® Growth Index
2012 14.25% 15.26%
2013 29.82% 33.48%
2014 15.55% 13.05%
2015 3.66% 5.67%
2016 -1.93% 7.08%
2017 27.04% 30.21%

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.


Date Capital Appreciation Fund Russell 1000® Growth Index MSCI World S&P 500
8/31/2008 0.00 0.00 0.00 0.00
9/30/2008 -14.97 -11.58 -11.89 -8.91
10/31/2008 -31.63 -27.15 -28.60 -24.21
11/30/2008 -40.34 -32.94 -33.22 -29.65
12/31/2008 -38.87 -31.73 -31.08 -28.90
1/31/2009 -40.69 -35.01 -37.12 -34.89
2/28/2009 -44.63 -39.90 -43.55 -41.82
3/31/2009 -39.64 -34.54 -39.30 -36.73
4/30/2009 -33.08 -28.26 -32.49 -30.67
5/31/2009 -28.71 -24.70 -26.37 -26.79
6/30/2009 -28.20 -23.86 -26.70 -26.65
7/31/2009 -23.19 -18.45 -20.49 -21.10
8/31/2009 -22.14 -16.76 -17.21 -18.25
9/30/2009 -18.53 -13.22 -13.91 -15.20
10/31/2009 -20.42 -14.39 -15.45 -16.78
11/30/2009 -15.92 -9.14 -11.99 -11.79
12/31/2009 -12.22 -6.33 -10.41 -10.08
1/31/2010 -17.21 -10.41 -14.11 -13.32
2/28/2010 -14.64 -7.34 -12.90 -10.63
3/31/2010 -9.10 -1.98 -7.51 -5.24
4/30/2010 -10.20 -0.88 -7.49 -3.74
5/31/2010 -17.92 -8.45 -16.36 -11.43
6/30/2010 -22.60 -13.49 -19.22 -16.07
7/31/2010 -18.25 -7.32 -12.67 -10.18
8/31/2010 -21.68 -11.65 -15.93 -14.24
9/30/2010 -13.37 -2.24 -8.10 -6.59
10/31/2010 -9.45 2.43 -4.67 -3.03
11/30/2010 -9.25 3.62 -6.73 -3.02
12/31/2010 -4.20 9.33 0.13 3.46
1/31/2011 -3.08 12.11 2.39 5.91
2/28/2011 0.62 15.78 5.98 9.54
3/31/2011 0.07 15.92 4.93 9.59
4/30/2011 3.14 19.80 9.39 12.83
5/31/2011 1.93 18.50 7.12 11.56
6/30/2011 0.86 16.80 5.43 9.70
7/31/2011 -0.42 15.63 3.51 7.46
8/31/2011 -6.22 9.52 -3.78 1.63
9/30/2011 -13.94 1.45 -12.09 -5.52
10/31/2011 -4.11 12.59 -3.00 4.81
11/30/2011 -4.55 12.58 -5.37 4.58
12/31/2011 -5.71 12.21 -5.42 5.65
1/31/2012 -0.64 18.91 -0.67 10.38
2/29/2012 4.78 24.60 4.18 15.16
3/31/2012 7.46 28.70 5.52 18.94
4/30/2012 7.15 28.50 4.32 18.20
5/31/2012 0.09 20.26 -4.68 11.09
6/30/2012 1.85 23.52 0.17 15.67
7/31/2012 2.99 25.18 1.46 17.28
8/31/2012 6.54 28.55 4.03 19.92
9/30/2012 8.34 31.07 6.89 23.02
10/31/2012 4.67 27.24 6.17 20.75
11/30/2012 6.87 29.37 7.53 21.45
12/31/2012 7.20 29.34 9.55 22.55
1/31/2013 11.59 34.88 15.13 28.90
2/28/2013 12.92 36.56 15.32 30.65
3/31/2013 16.60 41.68 18.02 35.55
4/30/2013 17.31 44.69 21.74 38.16
5/31/2013 19.26 47.38 21.78 41.40
6/30/2013 16.38 44.60 18.78 39.50
7/31/2013 22.31 52.27 25.04 46.60
8/31/2013 19.97 49.66 22.38 42.35
9/30/2013 25.20 56.33 28.50 46.81
10/31/2013 30.27 63.24 33.53 53.56
11/30/2013 34.15 67.85 35.90 58.24
12/31/2013 38.55 72.64 38.77 62.25
1/31/2014 34.52 67.72 33.63 56.64
2/28/2014 42.85 76.36 40.32 63.80
3/31/2014 38.41 74.58 40.53 65.18
4/30/2014 37.07 74.58 41.97 66.40
5/31/2014 42.88 80.03 44.76 70.31
6/30/2014 47.25 83.53 47.35 73.83
7/31/2014 47.43 80.72 45.00 71.43
8/31/2014 53.66 89.00 48.19 78.29
9/30/2014 51.67 86.26 44.17 75.79
10/31/2014 55.37 91.17 45.10 80.08
11/30/2014 59.86 97.23 48.01 84.92
12/31/2014 59.42 95.17 45.63 84.46
1/31/2015 56.92 92.19 42.99 78.92
2/28/2015 67.08 105.00 51.36 89.20
3/31/2015 64.90 102.66 48.99 86.21
4/30/2015 63.75 103.68 52.49 88.00
5/31/2015 66.17 106.55 53.01 90.41
6/30/2015 65.76 102.91 49.46 86.73
7/31/2015 70.52 109.79 52.14 90.64
8/31/2015 58.51 97.05 42.07 79.14
9/30/2015 51.98 92.17 36.83 74.71
10/31/2015 65.63 108.72 47.67 89.44
11/30/2015 67.21 109.31 46.94 90.01
12/31/2015 64.55 106.24 44.36 87.01
1/31/2016 52.95 94.72 35.72 77.73
2/29/2016 47.09 94.64 34.71 77.49
3/31/2016 53.01 107.77 43.85 89.53
4/30/2016 51.37 105.87 46.13 90.27
5/31/2016 56.31 109.87 46.95 93.68
6/30/2016 54.14 109.04 45.30 94.18
7/31/2016 62.57 118.91 51.44 101.34
8/31/2016 61.71 117.82 51.57 101.63
9/30/2016 63.15 118.62 52.37 101.66
10/31/2016 58.23 113.48 49.42 97.99
11/30/2016 59.12 118.13 51.57 105.32
12/31/2016 60.70 120.83 55.20 109.38
1/31/2017 67.42 128.27 58.94 113.35
2/28/2017 74.07 137.75 63.35 121.82
3/31/2017 77.19 140.50 65.09 122.08
4/30/2017 81.78 146.00 67.54 124.36
5/31/2017 85.09 152.40 71.08 127.51
6/30/2017 85.00 151.73 71.74 128.94
7/31/2017 88.08 158.43 75.85 133.64
8/31/2017 90.66 163.16 76.10 134.36
9/30/2017 92.07 166.58 80.05 139.19
10/31/2017 96.72 176.91 83.45 144.77
11/30/2017 101.33 185.33 87.43 152.28
12/31/2017 103.32 187.55 89.96 155.09
1/31/2018 117.43 207.91 99.99 169.69
2/28/2018 109.49 199.84 91.71 159.75
3/31/2018 101.79 191.62 87.53 153.15
4/30/2018 102.35 192.64 89.69 154.12
5/31/2018 111.96 205.46 90.87 160.24
6/30/2018 112.69 208.40 90.78 161.84
7/31/2018 119.73 217.46 96.74 171.59
8/31/2018 129.23 234.81 99.18 180.44

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.

$ per share as of 09/21/2018

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

(60.8% of assets as of 08/31/2018)


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 96.9% 100.0% -3.1%
Canada 1.6% - -
United Kingdom 0.9% - -
Belgium 0.4% - -
Developed Markets Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Americas 98.5% 100.0% -1.5%
Europe 1.3% 0.0% 1.3%
Equity Sector Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Information Technology 44.2% 42.3% 1.9%
Consumer Discretionary 18.1% 17.9% 0.2%
Health Care 13.6% 13.7% -0.1%
Industrials 10.4% 11.7% -1.3%
Financials 5.6% 4.3% 1.3%
Consumer Staples 2.8% 5.4% -2.6%
Energy 2.1% 0.9% 1.3%
Materials 1.5% 1.7% -0.2%
Utilities 1.3% - -
Industry Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Software 14.9% 11.1% 3.8%
Internet Software & Services 11.1% 9.3% 1.7%
Internet & Direct Marketing Retail 8.0% 7.9% 0.1%
Technology Hardware Storage & Peripherals 6.5% 8.3% -1.8%
Specialty Retail 6.5% 3.9% 2.7%
IT Services 6.4% 8.2% -1.8%
Biotechnology 5.8% 5.1% 0.7%
Semiconductors & Semiconductor Equipment 4.7% 4.4% 0.3%
Capital Markets 4.6% 2.2% 2.4%
Health Care Providers & Services 4.5% 3.3% 1.2%
Hotels Restaurants & Leisure 3.2% 2.0% 1.2%
Machinery 2.4% 2.1% 0.2%
Oil Gas & Consumable Fuels 2.1% 0.6% 1.5%
Aerospace & Defense 2.0% 3.4% -1.4%
Road & Rail 1.9% 1.2% 0.7%
Airlines 1.6% 0.2% 1.4%
Commercial Services & Supplies 1.5% 0.6% 1.0%
Pharmaceuticals 1.3% 1.9% -0.6%
Health Care Equipment & Supplies 1.3% 2.5% -1.2%
Gas Utilities 1.3% - -
Asset Allocation Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Equity 99.7% 100.0% -0.3%
Market Cap Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Large 83.5% 86.8% -3.2%
Mid 12.1% 13.1% -1.0%
Small 4.1% 0.2% 4.0%
Analytics
(As of 08/31/2018)

Morningstar 08/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1251
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-5.83
-3.29
Beta
1.05
1.04
Information Ratio
-1.63
-0.92
R-Squared
90.64
90.92
Sharpe Ratio
1.10
1.20
Standard Deviation
11.52
11.34
Upside Capture
94.03
96.49
Downside Capture
153.28
124.72
Sortino Ratio
1.96
2.15
Win Ratio
36.00
40.00
Loss Ratio
64.00
60.00
Tracking Error
3.56
3.44
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$315.84 B
$323.33 B
Median Market Cap (weighted)
$95.50 B
$111.38 B
P/E Ratio (LTM)
24.61
26.68
P/E Ratio (NTM)
20.18
21.76
Price/Book
6.00
7.97
Return on Equity
23.50%
22.82%
Turnover Ratio
63%
-
Active Share
60.37%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/14/2017
Per Share ($)
$0.2503
12-Month Distribution ($)
$0.2503
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. 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. 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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