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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 09/18/2018)
$84.38
Total Assets
(as of 08/31/2018)
$787.51 MM
Gross Expense Ratio
(as of 08/31/2018)
0.86%
Net Expense Ratio
(as of 08/31/2018)
0.80%
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
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 2018-08-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (NAV)
15.73% 25.99% 15.18% 14.46% 10.34% 9.83%
Cumulative
Annualized
ytd as of 2018-08-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (with sales charge)
15.73% 25.99% 15.18% 14.46% 10.34% 9.83%
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
8/31/2008 0.00 0.00 0.00 0.00
9/30/2008 -14.91 -13.24 -11.89 -8.91
10/31/2008 -35.47 -32.78 -28.60 -24.21
11/30/2008 -44.30 -40.36 -33.22 -29.65
12/31/2008 -42.51 -37.33 -31.08 -28.90
1/31/2009 -44.47 -41.10 -37.12 -34.89
2/28/2009 -48.83 -46.20 -43.55 -41.82
3/31/2009 -44.51 -41.08 -39.30 -36.73
4/30/2009 -40.58 -32.31 -32.49 -30.67
5/31/2009 -38.89 -29.88 -26.37 -26.79
6/30/2009 -38.14 -28.23 -26.70 -26.65
7/31/2009 -34.55 -22.66 -20.49 -21.10
8/31/2009 -33.36 -21.08 -17.21 -18.25
9/30/2009 -28.83 -15.91 -13.91 -15.20
10/31/2009 -31.21 -20.53 -15.45 -16.78
11/30/2009 -28.41 -17.59 -11.99 -11.79
12/31/2009 -23.76 -11.23 -10.41 -10.08
1/31/2010 -28.08 -14.89 -14.11 -13.32
2/28/2010 -24.15 -10.55 -12.90 -10.63
3/31/2010 -19.35 -3.41 -7.51 -5.24
4/30/2010 -16.81 -0.03 -7.49 -3.74
5/31/2010 -22.69 -6.82 -16.36 -11.43
6/30/2010 -27.43 -12.85 -19.22 -16.07
7/31/2010 -22.78 -7.03 -12.67 -10.18
8/31/2010 -25.24 -12.92 -15.93 -14.24
9/30/2010 -16.26 -1.39 -8.10 -6.59
10/31/2010 -12.36 2.32 -4.67 -3.03
11/30/2010 -7.41 6.44 -6.73 -3.02
12/31/2010 -2.82 14.39 0.13 3.46
1/31/2011 -0.94 15.69 2.39 5.91
2/28/2011 5.20 22.03 5.98 9.54
3/31/2011 9.56 25.64 4.93 9.59
4/30/2011 12.76 30.03 9.39 12.83
5/31/2011 10.61 28.43 7.12 11.56
6/30/2011 11.44 26.12 5.43 9.70
7/31/2011 8.20 21.22 3.51 7.46
8/31/2011 -0.40 11.30 -3.78 1.63
9/30/2011 -9.06 -0.81 -12.09 -5.52
10/31/2011 1.50 14.51 -3.00 4.81
11/30/2011 1.21 13.97 -5.37 4.58
12/31/2011 -1.75 12.59 -5.42 5.65
1/31/2012 4.30 21.27 -0.67 10.38
2/29/2012 11.00 26.84 4.18 15.16
3/31/2012 14.43 29.04 5.52 18.94
4/30/2012 16.39 27.93 4.32 18.20
5/31/2012 8.66 18.29 -4.68 11.09
6/30/2012 11.77 22.10 0.17 15.67
7/31/2012 10.25 20.89 1.46 17.28
8/31/2012 14.68 25.55 4.03 19.92
9/30/2012 16.89 28.47 6.89 23.02
10/31/2012 12.59 26.05 6.17 20.75
11/30/2012 13.59 28.27 7.53 21.45
12/31/2012 14.41 30.76 9.55 22.55
1/31/2013 20.88 39.74 15.13 28.90
2/28/2013 21.15 40.60 15.32 30.65
3/31/2013 24.66 46.71 18.02 35.55
4/30/2013 24.78 47.22 21.74 38.16
5/31/2013 27.41 53.27 21.78 41.40
6/30/2013 26.80 51.44 18.78 39.50
7/31/2013 35.40 60.86 25.04 46.60
8/31/2013 36.24 57.80 22.38 42.35
9/30/2013 44.74 65.58 28.50 46.81
10/31/2013 50.06 69.92 33.53 53.56
11/30/2013 51.38 73.68 35.90 58.24
12/31/2013 55.57 79.21 38.77 62.25
1/31/2014 55.36 75.32 33.63 56.64
2/28/2014 66.49 86.33 40.32 63.80
3/31/2014 56.68 82.88 40.53 65.18
4/30/2014 45.88 80.19 41.97 66.40
5/31/2014 48.93 85.09 44.76 70.31
6/30/2014 56.68 90.87 47.35 73.83
7/31/2014 51.96 85.17 45.00 71.43
8/31/2014 60.14 95.14 48.19 78.29
9/30/2014 56.39 89.48 44.17 75.79
10/31/2014 60.35 94.71 45.10 80.08
11/30/2014 64.72 101.11 48.01 84.92
12/31/2014 64.57 100.54 45.63 84.46
1/31/2015 63.42 97.17 42.99 78.92
2/28/2015 75.62 110.74 51.36 89.20
3/31/2015 78.00 111.33 48.99 86.21
4/30/2015 74.82 109.85 52.49 88.00
5/31/2015 80.11 112.34 53.01 90.41
6/30/2015 80.69 108.92 49.46 86.73
7/31/2015 85.28 112.30 52.14 90.64
8/31/2015 75.12 99.95 42.07 79.14
9/30/2015 68.46 92.23 36.83 74.71
10/31/2015 76.61 104.33 47.67 89.44
11/30/2015 77.95 104.77 46.94 90.01
12/31/2015 75.44 100.14 44.36 87.01
1/31/2016 63.00 84.99 35.72 77.73
2/29/2016 59.76 87.89 34.71 77.49
3/31/2016 69.37 101.30 43.85 89.53
4/30/2016 70.88 101.18 46.13 90.27
5/31/2016 76.56 104.48 46.95 93.68
6/30/2016 78.30 104.45 45.30 94.18
7/31/2016 85.99 114.57 51.44 101.34
8/31/2016 85.62 113.94 51.57 101.63
9/30/2016 84.70 113.84 52.37 101.66
10/31/2016 76.99 105.15 49.42 97.99
11/30/2016 81.94 114.07 51.57 105.32
12/31/2016 79.54 114.81 55.20 109.38
1/31/2017 87.94 121.97 58.94 113.35
2/28/2017 93.72 128.36 63.35 121.82
3/31/2017 94.88 129.62 65.09 122.08
4/30/2017 98.64 133.03 67.54 124.36
5/31/2017 106.94 138.59 71.08 127.51
6/30/2017 105.72 139.30 71.74 128.94
7/31/2017 109.21 143.30 75.85 133.64
8/31/2017 112.39 145.01 76.10 134.36
9/30/2017 116.57 151.94 80.05 139.19
10/31/2017 126.97 158.99 83.45 144.77
11/30/2017 132.02 167.65 87.43 152.28
12/31/2017 131.23 169.09 89.96 155.09
1/31/2018 145.59 184.31 99.99 169.69
2/28/2018 136.86 175.39 91.71 159.75
3/31/2018 136.75 174.94 87.53 153.15
4/30/2018 136.72 172.34 89.69 154.12
5/31/2018 146.41 182.53 90.87 160.24
6/30/2018 145.54 183.62 90.78 161.84
7/31/2018 150.32 189.71 96.74 171.59
8/31/2018 167.59 206.41 99.18 180.44

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 09/19/2018

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

(34.4% of assets as of 08/31/2018)


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 94.9% 100.0% -5.1%
Canada 2.0% - -
Developed Markets Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Americas 96.9% 100.0% -3.1%
Equity Sector Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Information Technology 30.6% 33.6% -3.0%
Industrials 18.6% 16.4% 2.2%
Health Care 16.0% 14.9% 1.1%
Consumer Discretionary 15.1% 17.8% -2.7%
Financials 7.3% 7.0% 0.2%
Materials 3.6% 3.6% 0.0%
Consumer Staples 2.3% 2.9% -0.6%
Energy 2.2% 1.6% 0.6%
Real Estate 1.3% 2.0% -0.7%
Industry Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Software 13.2% 10.4% 2.8%
IT Services 8.5% 8.2% 0.3%
Health Care Equipment & Supplies 8.4% 5.6% 2.8%
Commercial Services & Supplies 5.4% 1.5% 4.0%
Professional Services 5.1% 2.1% 3.0%
Hotels Restaurants & Leisure 4.9% 3.7% 1.3%
Life Sciences Tools & Services 3.4% 1.5% 1.9%
Specialty Retail 3.3% 4.6% -1.3%
Capital Markets 3.3% 4.8% -1.5%
Electronic Equipment Instruments & Components 3.2% 2.5% 0.7%
Internet Software & Services 2.8% 4.1% -1.3%
Textiles Apparel & Luxury Goods 2.7% 2.1% 0.6%
Health Care Providers & Services 2.7% 2.7% 0.0%
Banks 2.5% 0.9% 1.6%
Food Products 2.3% 1.0% 1.3%
Oil Gas & Consumable Fuels 2.2% 1.6% 0.6%
Chemicals 2.1% 1.4% 0.7%
Aerospace & Defense 1.9% 2.5% -0.6%
Machinery 1.7% 4.0% -2.3%
Semiconductors & Semiconductor Equipment 1.7% 5.8% -4.0%
Asset Allocation Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Equity 96.9% 100.0% -3.1%
Market Cap Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Mid 64.9% 57.6% 7.3%
Large 32.0% 41.7% -9.7%
Analytics
(As of 08/31/2018)

Morningstar 08/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
84
Category
Mid-Cap Growth
Performance Statistics
3Y
5Y
Alpha
0.59
0.22
Beta
0.95
1.01
Information Ratio
-0.03
0.05
R-Squared
87.15
83.32
Sharpe Ratio
1.29
1.15
Standard Deviation
10.87
11.97
Sortino Ratio
0.68
0.58
Win Ratio
58.00
58.00
Loss Ratio
42.00
42.00
Tracking Error
3.92
4.88
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$15.74 B
$16.71 B
Median Market Cap (weighted)
$13.91 B
$15.44 B
P/E Ratio (LTM)
36.28
29.74
P/E Ratio (NTM)
27.35
22.52
Price/Book
6.36
7.00
Return on Equity
14.64%
17.05%
Turnover Ratio
105%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Distribution Sources
  • D
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Documents
  1. 1. 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. The index returns are made up of the returns of (i) the Russell 2500™ Growth Index from November, 1, 2000 through June 30, 2013, and (ii) the Russell Midcap® Growth Index from July 1, 2013 to present.  Index performance includes total returns from when first available. The Russell Midcap® Growth Index measures the performance of the mid-cap growth segment of the U.S. equity universe. It includes those Russell Midcap® Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2500™ Growth Index measures the performance of the small to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500 companies with higher price-to-book ratios and higher forecasted growth values. 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.
  4. 4. 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.
  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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