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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 08/17/2018)
$81.34
Total Assets
(as of 07/31/2018)
$742.95 MM
Gross Expense Ratio
(as of 07/31/2018)
0.86%
Net Expense Ratio
(as of 07/31/2018)
0.80%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 07/31/2018
  • 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
Discovery Mid Cap Growth Fund/VA (NAV)
6.19% 19.36% 10.76% 14.13% 9.18% 9.59%
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (with sales charge)
6.19% 19.36% 10.76% 14.13% 9.18% 9.59%
Cumulative
Annualized
ytd as of 2018-07-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (NAV)
8.26% 19.65% 10.55% 13.08% 9.90% 9.62%
Cumulative
Annualized
ytd as of 2018-07-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (with sales charge)
8.26% 19.65% 10.55% 13.08% 9.90% 9.62%
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
7/31/2008 0.00 0.00 0.00 0.00
8/31/2008 2.64 1.68 -1.40 1.45
9/30/2008 -12.66 -11.78 -13.13 -7.59
10/31/2008 -33.77 -31.65 -29.60 -23.11
11/30/2008 -42.83 -39.36 -34.16 -28.63
12/31/2008 -40.99 -36.28 -32.05 -27.87
1/31/2009 -43.00 -40.12 -38.00 -33.95
2/28/2009 -47.48 -45.30 -44.35 -40.98
3/31/2009 -43.05 -40.09 -40.15 -35.81
4/30/2009 -39.02 -31.18 -33.43 -29.67
5/31/2009 -37.28 -28.70 -27.40 -25.74
6/30/2009 -36.51 -27.03 -27.73 -25.59
7/31/2009 -32.83 -21.36 -21.61 -19.96
8/31/2009 -31.60 -19.76 -18.38 -17.07
9/30/2009 -26.96 -14.50 -15.12 -13.98
10/31/2009 -29.40 -19.20 -16.63 -15.57
11/30/2009 -26.53 -16.20 -13.23 -10.51
12/31/2009 -21.75 -9.74 -11.67 -8.78
1/31/2010 -26.18 -13.46 -15.32 -12.06
2/28/2010 -22.16 -9.05 -14.13 -9.34
3/31/2010 -17.23 -1.79 -8.81 -3.87
4/30/2010 -14.61 1.65 -8.79 -2.35
5/31/2010 -20.66 -5.26 -17.53 -10.15
6/30/2010 -25.52 -11.38 -20.36 -14.85
7/31/2010 -20.74 -5.47 -13.90 -8.89
8/31/2010 -23.27 -11.46 -17.12 -13.00
9/30/2010 -14.06 0.27 -9.39 -5.23
10/31/2010 -10.05 4.04 -6.01 -1.63
11/30/2010 -4.97 8.23 -8.04 -1.62
12/31/2010 -0.26 16.31 -1.28 4.96
1/31/2011 1.67 17.63 0.95 7.45
2/28/2011 7.97 24.07 4.49 11.13
3/31/2011 12.45 27.75 3.46 11.17
4/30/2011 15.73 32.21 7.85 14.46
5/31/2011 13.52 30.58 5.62 13.17
6/30/2011 14.38 28.23 3.94 11.28
7/31/2011 11.06 23.26 2.06 9.02
8/31/2011 2.23 13.17 -5.13 3.10
9/30/2011 -6.66 0.85 -13.33 -4.15
10/31/2011 4.18 16.43 -4.36 6.33
11/30/2011 3.88 15.88 -6.69 6.09
12/31/2011 0.84 14.48 -6.75 7.18
1/31/2012 7.05 23.30 -2.07 11.98
2/29/2012 13.93 28.97 2.72 16.82
3/31/2012 17.44 31.20 4.04 20.67
4/30/2012 19.46 30.08 2.86 19.91
5/31/2012 11.53 20.28 -6.02 12.70
6/30/2012 14.72 24.15 -1.23 17.34
7/31/2012 13.16 22.91 0.04 18.97
8/31/2012 17.70 27.66 2.57 21.65
9/30/2012 19.97 30.63 5.39 24.80
10/31/2012 15.56 28.17 4.68 22.49
11/30/2012 16.58 30.42 6.02 23.20
12/31/2012 17.42 32.95 8.01 24.33
1/31/2013 24.06 42.08 13.51 30.77
2/28/2013 24.34 42.96 13.70 32.54
3/31/2013 27.94 49.17 16.36 37.51
4/30/2013 28.07 49.69 20.03 40.16
5/31/2013 30.77 55.84 20.07 43.44
6/30/2013 30.14 53.98 17.12 41.51
7/31/2013 38.97 63.56 23.28 48.72
8/31/2013 39.83 60.44 20.66 44.41
9/30/2013 48.55 68.36 26.69 48.94
10/31/2013 54.02 72.77 31.65 55.78
11/30/2013 55.37 76.59 33.99 60.53
12/31/2013 59.67 82.22 36.83 64.59
1/31/2014 59.46 78.26 31.76 58.90
2/28/2014 70.88 89.45 38.35 66.17
3/31/2014 60.81 85.94 38.55 67.57
4/30/2014 49.73 83.21 39.97 68.81
5/31/2014 52.86 88.19 42.73 72.77
6/30/2014 60.81 94.07 45.28 76.34
7/31/2014 55.97 88.27 42.96 73.91
8/31/2014 64.37 98.42 46.11 80.87
9/30/2014 60.51 92.66 42.15 78.33
10/31/2014 64.58 97.98 43.07 82.68
11/30/2014 69.06 104.49 45.93 87.60
12/31/2014 68.91 103.91 43.58 87.13
1/31/2015 67.73 100.47 40.98 81.51
2/28/2015 80.24 114.27 49.24 91.94
3/31/2015 82.69 114.87 46.90 88.90
4/30/2015 79.43 113.36 50.35 90.72
5/31/2015 84.85 115.90 50.87 93.17
6/30/2015 85.46 112.42 47.36 89.43
7/31/2015 90.17 115.86 50.00 93.40
8/31/2015 79.74 103.30 40.08 81.73
9/30/2015 72.90 95.45 34.91 77.23
10/31/2015 81.26 107.75 45.60 92.18
11/30/2015 82.64 108.20 44.88 92.75
12/31/2015 80.07 103.50 42.33 89.71
1/31/2016 67.30 88.09 33.81 80.30
2/29/2016 63.97 91.04 32.82 80.06
3/31/2016 73.83 104.68 41.83 92.27
4/30/2016 75.38 104.55 44.08 93.02
5/31/2016 81.21 107.91 44.88 96.48
6/30/2016 83.00 107.87 43.26 96.99
7/31/2016 90.89 118.17 49.31 104.26
8/31/2016 90.51 117.53 49.44 104.54
9/30/2016 89.57 117.42 50.23 104.58
10/31/2016 81.66 108.59 47.32 100.85
11/30/2016 86.73 117.66 49.44 108.29
12/31/2016 84.27 118.41 53.02 112.40
1/31/2017 92.89 125.69 56.71 116.43
2/28/2017 98.83 132.18 61.06 125.03
3/31/2017 100.02 133.47 62.78 125.29
4/30/2017 103.88 136.93 65.19 127.60
5/31/2017 112.40 142.59 68.68 130.81
6/30/2017 111.14 143.31 69.33 132.25
7/31/2017 114.72 147.38 73.38 137.02
8/31/2017 117.99 149.12 73.63 137.75
9/30/2017 122.27 156.16 77.52 142.65
10/31/2017 132.95 163.33 80.88 148.31
11/30/2017 138.14 172.13 84.80 155.93
12/31/2017 137.32 173.60 87.30 158.78
1/31/2018 152.06 189.08 97.18 173.59
2/28/2018 143.10 180.01 89.02 163.51
3/31/2018 142.99 179.55 84.90 156.81
4/30/2018 142.96 176.91 87.02 157.80
5/31/2018 152.91 187.27 88.19 164.00
6/30/2018 152.01 188.38 88.10 165.63
7/31/2018 156.91 194.57 93.98 175.51

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 08/19/2018

Date 2014 2015 2016 2017 2018
Short Term 2.8462
Long Term 7.4459 5.9180 8.3865 9.4502
Total Amount of Distribution 7.4459 5.9180 8.3865 12.2964
Record Date 6/15/15 6/20/16 6/19/17 6/18/18
Ex Div Date 6/16/15 6/21/16 6/20/17 6/19/18
Pay Date 6/16/15 6/21/16 6/20/17 6/19/18

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

Portfolio

Top Issuers

(34.5% of assets as of 07/31/2018)


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 94.2% 100.0% -5.8%
Canada 2.5% - -
Developed Markets Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Americas 96.7% 100.0% -3.3%
Equity Sector Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Information Technology 28.4% 32.1% -3.7%
Industrials 19.2% 17.0% 2.2%
Consumer Discretionary 16.1% 18.2% -2.1%
Health Care 15.1% 14.5% 0.6%
Financials 8.0% 7.2% 0.8%
Materials 3.9% 3.9% 0.0%
Consumer Staples 2.4% 3.0% -0.6%
Energy 2.3% 1.7% 0.5%
Real Estate 1.3% 2.1% -0.9%
Industry Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Software 11.9% 9.5% 2.3%
Health Care Equipment & Supplies 8.1% 5.5% 2.6%
IT Services 7.8% 7.8% -0.1%
Hotels Restaurants & Leisure 6.0% 3.8% 2.2%
Commercial Services & Supplies 5.3% 1.5% 3.9%
Professional Services 5.1% 2.1% 3.0%
Capital Markets 3.6% 5.0% -1.4%
Life Sciences Tools & Services 3.3% 1.5% 1.8%
Banks 3.1% 0.9% 2.2%
Electronic Equipment Instruments & Components 2.9% 2.5% 0.5%
Textiles Apparel & Luxury Goods 2.8% 2.1% 0.7%
Semiconductors & Semiconductor Equipment 2.7% 6.0% -3.3%
Food Products 2.4% 1.0% 1.4%
Health Care Providers & Services 2.3% 2.5% -0.2%
Oil Gas & Consumable Fuels 2.3% 1.7% 0.6%
Internet Software & Services 2.2% 3.8% -1.6%
Aerospace & Defense 2.2% 2.7% -0.5%
Specialty Retail 2.0% 4.5% -2.5%
Containers & Packaging 1.9% 1.3% 0.7%
Machinery 1.8% 4.1% -2.3%
Asset Allocation Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Equity 96.7% 100.0% -3.3%
Market Cap Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Mid 66.5% 56.5% 10.0%
Large 30.2% 42.9% -12.7%
Analytics
(As of 07/31/2018)

Morningstar 07/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
84
Category
Mid-Cap Growth
Performance Statistics
3Y
5Y
Alpha
0.33
0.77
Beta
0.93
0.99
Information Ratio
-0.10
0.12
R-Squared
88.06
81.80
Sharpe Ratio
0.90
1.07
Standard Deviation
11.01
11.69
Sortino Ratio
0.42
0.53
Win Ratio
58.00
58.00
Loss Ratio
42.00
42.00
Tracking Error
3.86
4.98
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$14.63 B
$15.83 B
Median Market Cap (weighted)
$13.01 B
$14.55 B
P/E Ratio (LTM)
34.62
28.98
P/E Ratio (NTM)
24.91
21.68
Price/Book
5.73
6.67
Return on Equity
16.31%
17.60%
Turnover Ratio
105%
-
Distribution Sources
  • D
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
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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