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Conservative Balanced Fund/VA

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Overview

The Strategy typically invests in common stocks and fixed income securities.

Inception Date
February 9, 1987
Investment Style
Balanced
Fund Index
65% BBG Barc US Agg/35% Russell 3000®
CUSIP
683811608
NAV
  • A
(as of 09/21/2018)
$15.46
Total Assets
(as of 08/31/2018)
$203.90 MM
Gross Expense Ratio
(as of 08/31/2018)
0.96%
Net Expense Ratio
(as of 08/31/2018)
0.67%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 08/31/2018
  • B
as of 06/30/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Conservative Balanced Fund/VA (NAV)
-0.99% 2.62% 4.25% 5.88% 2.88% 6.92%
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Conservative Balanced Fund/VA (with sales charge)
-0.99% 2.62% 4.25% 5.88% 2.88% 6.92%
Cumulative
Annualized
ytd as of 2018-08-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Conservative Balanced Fund/VA (NAV)
1.57% 3.72% 5.65% 6.22% 3.39% 6.97%
Cumulative
Annualized
ytd as of 2018-08-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Conservative Balanced Fund/VA (with sales charge)
1.57% 3.72% 5.65% 6.22% 3.39% 6.97%
Gross Expense Ratio: 0.96% | Net Expense Ratio: 0.67%

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 Conservative Balanced Fund/VA
1988 22.15%
1989 15.76%
1990 -1.91%
1991 17.48%
1992 8.99%
1993 15.95%
1994 -1.95%
1995 21.36%
1996 15.50%
1997 17.22%
1998 6.66%
1999 11.80%
2000 6.44%
2001 2.22%
2002 -10.40%
2003 24.96%
2004 10.10%
2005 3.89%
2006 11.15%
2007 3.79%
2008 -43.47%
2009 21.89%
2010 12.91%
2011 0.72%
2012 12.34%
2013 13.17%
2014 8.20%
2015 0.83%
2016 5.26%
2017 9.25%

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 Conservative Balanced Fund/VA 65% Bloomberg Bar Agg/35% Russell 3000 (Linked Index) BBG Barclays Agg S&P 500
8/31/2008 0.00 0.00 0.00 0.00
9/30/2008 -11.10 -5.63 -1.34 -8.91
10/31/2008 -28.01 -15.72 -3.67 -24.21
11/30/2008 -38.31 -17.99 -0.54 -29.65
12/31/2008 -37.87 -16.03 3.17 -28.90
1/31/2009 -40.00 -20.50 2.26 -34.89
2/28/2009 -45.15 -25.71 1.88 -41.82
3/31/2009 -41.25 -21.24 3.29 -36.73
4/30/2009 -37.13 -16.56 3.79 -30.67
5/31/2009 -34.26 -13.47 4.54 -26.79
6/30/2009 -32.87 -13.13 5.14 -26.65
7/31/2009 -30.00 -8.61 6.83 -21.10
8/31/2009 -27.94 -6.22 7.94 -18.25
9/30/2009 -25.66 -3.71 9.07 -15.20
10/31/2009 -26.47 -4.55 9.61 -16.78
11/30/2009 -24.41 -0.62 11.03 -11.79
12/31/2009 -24.26 -0.09 9.29 -10.08
1/31/2010 -25.44 -1.64 10.96 -13.32
2/28/2010 -23.31 0.36 11.38 -10.63
3/31/2010 -20.82 3.91 11.24 -5.24
4/30/2010 -20.30 5.36 12.40 -3.74
5/31/2010 -23.21 0.68 13.34 -11.43
6/30/2010 -26.34 -1.83 15.12 -16.07
7/31/2010 -22.16 2.72 16.35 -10.18
8/31/2010 -23.65 0.47 17.85 -14.24
9/30/2010 -19.48 5.84 17.97 -6.59
10/31/2010 -16.80 8.41 18.39 -3.03
11/30/2010 -17.39 8.19 17.71 -3.02
12/31/2010 -14.48 12.01 16.44 3.46
1/31/2011 -13.44 13.66 16.58 5.91
2/28/2011 -10.61 16.12 16.87 9.54
3/31/2011 -11.28 16.22 16.93 9.59
4/30/2011 -8.99 18.88 18.42 12.83
5/31/2011 -8.99 18.70 19.96 11.56
6/30/2011 -10.82 17.42 19.61 9.70
7/31/2011 -11.58 16.74 21.51 7.46
8/31/2011 -14.63 13.86 23.29 1.63
9/30/2011 -17.76 9.42 24.18 -5.52
10/31/2011 -12.65 16.62 24.32 4.81
11/30/2011 -14.17 16.55 24.21 4.58
12/31/2011 -13.87 17.82 25.57 5.65
1/31/2012 -11.43 21.40 26.68 10.38
2/29/2012 -9.22 24.53 26.65 15.16
3/31/2012 -8.08 26.71 25.95 18.94
4/30/2012 -8.61 26.82 27.35 18.20
5/31/2012 -11.89 22.66 28.50 11.09
6/30/2012 -9.96 25.75 28.55 15.67
7/31/2012 -8.34 27.52 30.33 17.28
8/31/2012 -6.56 29.29 30.41 19.92
9/30/2012 -4.71 31.37 30.59 23.02
10/31/2012 -4.32 30.03 30.85 20.75
11/30/2012 -4.55 30.60 31.05 21.45
12/31/2012 -3.24 31.26 30.87 22.55
1/31/2013 -0.15 34.94 29.95 28.90
2/28/2013 0.24 36.33 30.60 30.65
3/31/2013 3.02 39.43 30.71 35.55
4/30/2013 4.57 41.18 32.03 38.16
5/31/2013 4.33 40.70 29.67 41.40
6/30/2013 2.22 38.68 27.67 39.50
7/31/2013 4.28 41.43 27.84 46.60
8/31/2013 3.17 39.59 27.19 42.35
9/30/2013 5.39 42.26 28.39 46.81
10/31/2013 7.92 45.13 29.43 53.56
11/30/2013 8.47 46.25 28.95 58.24
12/31/2013 9.50 47.06 28.22 62.25
1/31/2014 9.66 46.84 30.11 56.64
2/28/2014 12.03 49.78 30.80 63.80
3/31/2014 11.88 49.92 30.58 65.18
4/30/2014 12.59 50.84 31.68 66.40
5/31/2014 14.25 53.12 33.18 70.31
6/30/2014 15.49 54.51 33.25 73.83
7/31/2014 14.52 53.21 32.92 71.43
8/31/2014 17.11 56.55 34.39 78.29
9/30/2014 15.33 54.73 33.47 75.79
10/31/2014 17.27 57.27 34.78 80.08
11/30/2014 18.48 59.32 35.74 84.92
12/31/2014 18.48 59.46 35.87 84.46
1/31/2015 18.56 60.10 38.72 78.92
2/28/2015 21.23 62.30 37.41 89.20
3/31/2015 21.47 62.24 38.05 86.21
4/30/2015 20.74 62.13 37.56 88.00
5/31/2015 21.47 62.67 37.22 90.41
6/30/2015 20.04 60.60 35.73 86.73
7/31/2015 21.20 62.29 36.67 90.64
8/31/2015 18.31 58.76 36.48 79.14
9/30/2015 17.40 57.90 37.40 74.71
10/31/2015 20.70 62.22 37.42 89.44
11/30/2015 20.79 62.27 37.06 90.01
12/31/2015 19.47 60.82 36.62 87.01
1/31/2016 17.90 59.07 38.50 77.73
2/29/2016 18.06 59.85 39.48 77.49
3/31/2016 21.45 64.71 40.76 89.53
4/30/2016 22.11 65.50 41.30 90.27
5/31/2016 23.02 66.59 41.33 93.68
6/30/2016 24.48 68.73 43.87 94.18
7/31/2016 26.85 71.76 44.78 101.34
8/31/2016 26.51 71.79 44.62 101.63
9/30/2016 26.68 71.85 44.53 101.66
10/31/2016 25.41 69.70 43.43 97.99
11/30/2016 24.56 69.69 40.03 105.32
12/31/2016 25.75 71.01 40.23 109.38
1/31/2017 26.93 72.36 40.51 113.35
2/28/2017 29.05 75.35 41.45 121.82
3/31/2017 28.96 75.35 41.38 122.08
4/30/2017 30.40 76.90 42.47 124.36
5/31/2017 32.18 78.43 43.56 127.51
6/30/2017 32.55 78.89 43.42 128.94
7/31/2017 33.67 80.57 44.04 133.64
8/31/2017 34.53 81.76 45.33 134.36
9/30/2017 34.97 82.75 44.64 139.19
10/31/2017 35.66 84.21 44.72 144.77
11/30/2017 36.17 86.00 44.54 152.28
12/31/2017 37.38 87.21 45.20 155.09
1/31/2018 38.59 89.20 43.53 169.69
2/28/2018 35.48 85.69 42.17 159.75
3/31/2018 34.62 85.22 43.08 153.15
4/30/2018 34.28 84.62 42.01 154.12
5/31/2018 35.83 87.31 43.03 160.24
6/30/2018 36.02 87.61 42.85 161.84
7/31/2018 37.46 89.81 42.89 171.59
8/31/2018 39.53 92.94 43.80 180.44
Date Dividends
3/8/2010 0.1459
3/7/2011 0.2613
6/20/2012 0.1616
6/19/2013 0.3133
6/18/2014 0.2948
6/16/2015 0.3352
6/21/2016 0.3537
6/20/2017 0.3049
6/19/2018 0.3105

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

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 09/23/2018

Date 2014 2015 2016 2017 2018
Short Term
Long Term 0.3671
Total Amount of Distribution 0.3671
Record Date 6/18/18
Ex Div Date 6/19/18
Pay Date 6/19/18

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

Portfolio

Top Holdings

(27.8% of assets as of 08/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Fixed Income Sector
Asset Allocation
Country Conservative Balanced Fund/VA 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
United States 101.2% - -
United Kingdom 2.7% - -
Canada 1.9% - -
Germany 1.4% - -
France 0.7% - -
Netherlands 0.4% - -
Luxembourg 0.3% - -
Switzerland 0.3% - -
Italy 0.3% - -
Hong Kong 0.2% - -
Spain 0.2% - -
Belgium 0.2% - -
Guernsey 0.1% - -
Bermuda 0.1% - -
Ireland 0.1% - -
Portugal 0.1% - -
Norway 0.1% - -
Developed Markets Conservative Balanced Fund/VA 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Americas 103.2% - -
Europe 6.7% - -
Asia Pacific 0.2% - -
Equity Sector Conservative Balanced Fund/VA 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Fixed Income 72.7% - -
Equity 37.4% - -
Fixed Income Sector Conservative Balanced Fund/VA 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Information Technology 10.3% - -
Health Care 5.5% - -
Financials 5.2% - -
Industrials 4.9% - -
Consumer Discretionary 4.2% - -
Utilities 1.7% - -
Consumer Staples 1.5% - -
Energy 1.4% - -
Telecommunication Services 1.1% - -
Materials 1.0% - -
Real Estate 0.8% - -
Asset Allocation Conservative Balanced Fund/VA 65% BBG Barc US Agg/35% Russell 3000® Overweight / Underweight
Fixed Income 72.7% - -
Equity 37.4% - -
Analytics
(As of 08/31/2018)

Morningstar 08/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
122
Category
Allocation--30% to 50% Equity
Performance Statistics
3Y
5Y
Alpha
-1.21
-0.82
Beta
1.04
1.06
Information Ratio
-1.26
-0.49
R-Squared
95.07
94.77
Sharpe Ratio
1.27
1.40
Standard Deviation
3.73
4.00
Upside Capture
95.56
100.33
Downside Capture
129.59
119.25
Sortino Ratio
2.41
2.67
Win Ratio
39.00
47.00
Loss Ratio
61.00
53.00
Margin of Outperformance
0.15
0.19
Margin of Underperformance
-0.23
-0.23
Tracking Error
0.84
0.95
Portfolio Characteristics
Fund
Fund Index
Current Duration
3.30 yrs
3.90 yrs
Turnover Ratio
76%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.3105
12-Month Distribution ($)
$0.3105
Distribution Sources
  • D
Net Income
45.00%
Net Profit from Sale
55.00%
Other Capital Sources
0.00%
Documents
  1. 1. Effective 4/30/13, the Fund's investment objective changed from "seeks high total investment return, which includes current income and capital appreciation" to "seeks total return." Performance prior to 4/30/13 is not indicative of performance for any subsequent periods.
  2. 2. Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. May invest no more than 10% in below-investment-grade non-convertible debt securities, but up to 25% in below-investment-grade (“high yield” or "junk") bonds, which are more at risk of default and are subject to liquidity risk. Mortgage-related securities are subject to default risk, prepayment risk, interest rate risk, and credit risk, and may be more volatile and less liquid than other types of securities. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. Mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a mid-sized company, if any gain is realized at all. Derivative instruments entail higher volatility and risk of loss compared to traditional stock or bond investments.
  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 index returns are made up of the returns of 35% Russell 3000® Index and 65% Bloomberg Barclays U.S. Aggregate Bond Index (Linked Index).  The Russell 3000® Index measures the performance of the largest 3,000 U.S. companies, representing approximately 98% of the investable U.S. equity market. The Bloomberg Barclays U.S. Aggregate Bond Index is an index of U.S dollar-denominated, investment-grade U.S. corporate government and mortgage-backed securities. The indices are 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. 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.
  7. 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.
  8. 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.
  9. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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