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Discovery Mid Cap Growth Fund/VA

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Overview

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

Inception Date
August 15, 1986
Investment Style
Mid Cap Growth
Fund Index
Russell Midcap® Growth Index
CUSIP
683811509
NAV
  • A
(as of 05/23/2018)
$90.25
Total Assets
(as of 04/30/2018)
$720.16 MM
Gross Expense Ratio
(as of 04/30/2018)
0.86%
Net Expense Ratio
(as of 04/30/2018)
0.80%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2018
  • B
as of 03/31/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (NAV)
2.39% 21.48% 9.97% 13.69% 9.26% 9.54%
Cumulative
Annualized
ytd as of 2018-03-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (with sales charge)
2.39% 21.48% 9.97% 13.69% 9.26% 9.54%
Cumulative
Annualized
ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (NAV)
2.37% 19.17% 10.63% 13.66% 8.45% 9.51%
Cumulative
Annualized
ytd as of 2018-04-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (with sales charge)
2.37% 19.17% 10.63% 13.66% 8.45% 9.51%
Gross Expense Ratio: 0.86% | Net Expense Ratio: 0.80%

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 Discovery Mid Cap Growth Fund/VA
1987 14.34%
1988 13.41%
1989 27.57%
1990 -16.82%
1991 54.72%
1992 15.42%
1993 27.32%
1994 -7.59%
1995 32.52%
1996 20.22%
1997 11.67%
1998 12.36%
1999 83.60%
2000 -11.24%
2001 -31.27%
2002 -27.79%
2003 25.59%
2004 19.78%
2005 12.33%
2006 2.96%
2007 6.33%
2008 -49.07%
2009 32.61%
2010 27.46%
2011 1.09%
2012 16.45%
2013 35.98%
2014 5.78%
2015 6.61%
2016 2.34%
2017 28.79%

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 Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index (Linked Index) MSCI World S&P 500
4/30/2008 0.00 0.00 0.00 0.00
5/31/2008 4.41 5.27 1.52 1.30
6/30/2008 -3.02 -2.27 -6.57 -7.24
7/31/2008 -7.36 -2.62 -8.86 -8.02
8/31/2008 -4.92 -0.98 -10.14 -6.69
9/30/2008 -19.09 -14.09 -20.82 -15.01
10/31/2008 -38.65 -33.44 -35.84 -29.28
11/30/2008 -47.04 -40.94 -39.99 -34.36
12/31/2008 -45.34 -37.95 -38.06 -33.66
1/31/2009 -47.20 -41.68 -43.49 -39.25
2/28/2009 -51.35 -46.73 -49.27 -45.72
3/31/2009 -47.24 -41.65 -45.45 -40.96
4/30/2009 -43.51 -32.98 -39.33 -35.31
5/31/2009 -41.90 -30.57 -33.83 -31.69
6/30/2009 -41.19 -28.94 -34.13 -31.56
7/31/2009 -37.77 -23.42 -28.55 -26.38
8/31/2009 -36.64 -21.86 -25.60 -23.72
9/30/2009 -32.33 -16.74 -22.64 -20.88
10/31/2009 -34.60 -21.31 -24.02 -22.35
11/30/2009 -31.94 -18.39 -20.91 -17.69
12/31/2009 -27.51 -12.10 -19.49 -16.10
1/31/2010 -31.62 -15.72 -22.82 -19.12
2/28/2010 -27.89 -11.43 -21.73 -16.61
3/31/2010 -23.32 -4.36 -16.88 -11.58
4/30/2010 -20.90 -1.01 -16.87 -10.19
5/31/2010 -26.50 -7.73 -24.83 -17.36
6/30/2010 -31.00 -13.70 -27.41 -21.68
7/31/2010 -26.58 -7.94 -21.53 -16.20
8/31/2010 -28.92 -13.78 -24.46 -19.98
9/30/2010 -20.39 -2.36 -17.41 -12.84
10/31/2010 -16.67 1.32 -14.33 -9.52
11/30/2010 -11.97 5.40 -16.18 -9.51
12/31/2010 -7.60 13.27 -10.02 -3.46
1/31/2011 -5.82 14.55 -7.99 -1.17
2/28/2011 0.02 20.83 -4.76 2.21
3/31/2011 4.17 24.41 -5.70 2.25
4/30/2011 7.21 28.75 -1.70 5.28
5/31/2011 5.16 27.17 -3.74 4.09
6/30/2011 5.95 24.88 -5.26 2.35
7/31/2011 2.88 20.03 -6.98 0.27
8/31/2011 -5.30 10.21 -13.53 -5.18
9/30/2011 -13.54 -1.78 -21.00 -11.84
10/31/2011 -3.49 13.39 -12.83 -2.21
11/30/2011 -3.77 12.84 -14.96 -2.42
12/31/2011 -6.59 11.49 -15.00 -1.42
1/31/2012 -0.83 20.08 -10.74 2.99
2/29/2012 5.54 25.60 -6.38 7.45
3/31/2012 8.79 27.77 -5.18 10.98
4/30/2012 10.66 26.67 -6.25 10.29
5/31/2012 3.31 17.13 -14.34 3.66
6/30/2012 6.27 20.90 -9.98 7.93
7/31/2012 4.82 19.70 -8.82 9.43
8/31/2012 9.03 24.32 -6.51 11.89
9/30/2012 11.14 27.21 -3.94 14.78
10/31/2012 7.05 24.82 -4.59 12.66
11/30/2012 8.00 27.01 -3.37 13.32
12/31/2012 8.77 29.47 -1.55 14.35
1/31/2013 14.93 38.36 3.46 20.27
2/28/2013 15.18 39.22 3.63 21.91
3/31/2013 18.52 45.26 6.06 26.48
4/30/2013 18.64 45.78 9.40 28.92
5/31/2013 21.14 51.76 9.44 31.93
6/30/2013 20.56 49.95 6.74 30.16
7/31/2013 28.74 59.28 12.36 36.78
8/31/2013 29.53 56.25 9.97 32.82
9/30/2013 37.61 63.96 15.47 36.99
10/31/2013 42.67 68.25 19.99 43.28
11/30/2013 43.92 71.97 22.12 47.65
12/31/2013 47.91 77.45 24.71 51.39
1/31/2014 47.72 73.59 20.09 46.15
2/28/2014 58.30 84.50 26.10 52.84
3/31/2014 48.97 81.08 26.28 54.12
4/30/2014 38.70 78.42 27.58 55.26
5/31/2014 41.60 83.27 30.09 58.91
6/30/2014 48.97 89.00 32.42 62.19
7/31/2014 44.48 83.35 30.30 59.95
8/31/2014 52.26 93.23 33.17 66.35
9/30/2014 48.69 87.62 29.56 64.02
10/31/2014 52.46 92.80 30.40 68.03
11/30/2014 56.61 99.14 33.01 72.54
12/31/2014 56.47 98.57 30.87 72.11
1/31/2015 55.38 95.23 28.49 66.94
2/28/2015 66.97 108.66 36.02 76.54
3/31/2015 69.23 109.25 33.89 73.75
4/30/2015 66.22 107.78 37.03 75.41
5/31/2015 71.24 110.25 37.51 77.67
6/30/2015 71.80 106.86 34.31 74.23
7/31/2015 76.16 110.22 36.72 77.88
8/31/2015 66.50 97.99 27.67 67.15
9/30/2015 60.16 90.34 22.96 63.01
10/31/2015 67.91 102.32 32.71 76.76
11/30/2015 69.19 102.76 32.05 77.29
12/31/2015 66.81 98.18 29.73 74.49
1/31/2016 54.98 83.17 21.96 65.83
2/29/2016 51.89 86.04 21.06 65.61
3/31/2016 61.03 99.32 29.27 76.84
4/30/2016 62.47 99.20 31.32 77.53
5/31/2016 67.87 102.47 32.05 80.72
6/30/2016 69.53 102.44 30.58 81.19
7/31/2016 76.83 112.46 36.09 87.87
8/31/2016 76.48 111.84 36.20 88.13
9/30/2016 75.61 111.73 36.93 88.17
10/31/2016 68.28 103.13 34.28 84.73
11/30/2016 72.98 111.96 36.21 91.57
12/31/2016 70.70 112.70 39.47 95.36
1/31/2017 78.69 119.79 42.83 99.07
2/28/2017 84.19 126.11 46.80 106.97
3/31/2017 85.29 127.36 48.36 107.21
4/30/2017 88.86 130.74 50.56 109.34
5/31/2017 96.76 136.25 53.74 112.29
6/30/2017 95.59 136.95 54.33 113.61
7/31/2017 98.91 140.91 58.03 118.00
8/31/2017 101.94 142.61 58.25 118.67
9/30/2017 105.90 149.46 61.80 123.18
10/31/2017 115.80 156.45 64.86 128.39
11/30/2017 120.60 165.02 68.43 135.39
12/31/2017 119.85 166.44 70.71 138.01
1/31/2018 133.50 181.52 79.72 151.64
2/28/2018 125.20 172.68 72.28 142.36
3/31/2018 125.09 172.24 68.52 136.20
4/30/2018 125.07 169.67 70.46 137.11

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 05/23/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term 7.4459 5.9180 8.3865
Total Amount of Distribution 7.4459 5.9180 8.3865
Record Date 6/15/15 6/20/16 6/19/17
Ex Div Date 6/16/15 6/21/16 6/20/17
Pay Date 6/16/15 6/21/16 6/20/17

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

Portfolio

Top Issuers

(34.1% of assets as of 04/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
United States 96.3% 99.4% -3.2%
Canada 1.7% - -
Developed Markets Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Americas 97.9% 99.4% -1.5%
Equity Sector Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Information Technology 27.7% 29.0% -1.3%
Industrials 20.4% 17.3% 3.2%
Consumer Discretionary 15.1% 17.4% -2.3%
Health Care 14.1% 13.1% 1.0%
Financials 10.5% 7.5% 3.0%
Materials 4.5% 5.8% -1.3%
Consumer Staples 2.3% 4.0% -1.7%
Energy 2.2% 2.5% -0.3%
Real Estate 1.1% 3.2% -2.1%
Industry Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Software 11.2% 8.3% 2.9%
Health Care Equipment & Supplies 7.3% 4.3% 3.0%
IT Services 6.7% 8.7% -2.1%
Capital Markets 5.2% 4.5% 0.7%
Commercial Services & Supplies 4.4% 1.2% 3.2%
Hotels Restaurants & Leisure 4.2% 4.1% 0.1%
Semiconductors & Semiconductor Equipment 3.7% 5.9% -2.2%
Machinery 3.6% 4.3% -0.7%
Banks 3.3% 1.1% 2.2%
Life Sciences Tools & Services 3.2% 3.0% 0.2%
Textiles Apparel & Luxury Goods 3.2% 1.6% 1.6%
Professional Services 3.1% 2.4% 0.7%
Aerospace & Defense 2.8% 2.2% 0.6%
Electronic Equipment Instruments & Components 2.7% 2.6% 0.2%
Internet Software & Services 2.7% 1.4% 1.3%
Oil Gas & Consumable Fuels 2.2% 2.5% -0.3%
Containers & Packaging 2.1% 2.3% -0.2%
Specialty Retail 2.1% 3.7% -1.7%
Insurance 2.0% 1.7% 0.3%
Air Freight & Logistics 2.0% 0.9% 1.1%
Asset Allocation Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Equity 97.9% 100.0% -2.1%
Market Cap Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Mid 61.4% 55.4% 6.0%
Large 36.6% 43.5% -6.9%
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
82
Category
Mid-Cap Growth
Performance Statistics
3Y
5Y
Alpha
2.10
0.88
Beta
0.92
0.98
Information Ratio
0.37
0.11
R-Squared
86.13
81.88
Sharpe Ratio
0.93
1.11
Standard Deviation
10.93
11.90
Sortino Ratio
0.43
0.55
Win Ratio
64.00
60.00
Loss Ratio
36.00
40.00
Tracking Error
4.15
5.07
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/20/2017
Per Share ($)
$0.0255
12-Month Distribution ($)
$0.0255
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$15.70 B
$16.10 B
Median Market Cap (weighted)
$13.20 B
$14.30 B
P/E Ratio (LTM)
31.59
26.45
P/E Ratio (NTM)
22.58
19.39
Price/Book
5.17
5.68
Return on Equity
18.10%
18.89%
Turnover Ratio
105.00%
-
Distribution Sources
  • D
Net Income
0.00%
Net Profit from Sale
50.50%
Other Capital Sources
49.50%
Documents
  1. 1. Special Risks: 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. Investments in securities of growth companies may be 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. Diversification does not guarantee profit or protect against loss.
  2. 2. 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.
  3. 3. Access index definitions.
  4. 4. 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.
  5. 5. 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.
  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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