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Domestic Equity

Capital Appreciation Fund/VA

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

Investment Style
Large Cap Growth
Fund Inception
April 3, 1985
Total Assets (all classes) (as of 4/30/2017)
$861 million
Fund Index
Russell 1000 Growth
NAV (as of 5/24/17)
  • A
$55.39

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 4/30/2017
  • B
as of 3/31/2017
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 5/24/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (NAV)
14.54% 15.98% 8.84% 10.82% 6.09% 9.91%
Cumulative
Annualized
ytd as of 5/24/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (with sales charge)
14.54% 15.98% 8.84% 10.82% 6.09% 9.91%
Cumulative
Annualized
ytd as of 5/24/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (NAV)
14.54% 20.32% 10.14% 11.45% 6.04% 9.97%
Cumulative
Annualized
ytd as of 5/24/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (with sales charge)
14.54% 20.32% 10.14% 11.45% 6.04% 9.97%
Gross Expense Ratio: 0.83% | 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 Capital Appreciation Fund/VA Russell 1000 Growth
1986 17.76% 15.36%
1987 3.31% 5.31%
1988 22.09% 11.27%
1989 23.59% 35.92%
1990 -8.21% -0.26%
1991 25.54% 41.27%
1992 14.53% 4.99%
1993 7.25% 2.87%
1994 0.97% 2.62%
1995 36.66% 37.18%
1996 25.20% 23.12%
1997 26.68% 30.49%
1998 24.00% 38.71%
1999 41.66% 33.16%
2000 -0.23% -22.42%
2001 -12.58% -20.42%
2002 -26.86% -27.88%
2003 30.94% 29.75%
2004 6.93% 6.30%
2005 5.10% 5.26%
2006 7.95% 9.07%
2007 14.15% 11.81%
2008 -45.52% -38.44%
2009 44.52% 37.21%
2010 9.42% 16.71%
2011 -1.15% 2.64%
2012 14.12% 15.26%
2013 29.74% 33.48%
2014 15.41% 13.05%
2015 3.54% 5.67%
2016 -2.20% 7.08%

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 Capital Appreciation Fund/VA Russell 1000® Growth Index MSCI World S&P 500
4/30/2007 0.00 0.00 0.00 0.00
5/31/2007 3.56 3.60 2.80 3.49
6/30/2007 3.24 2.05 2.01 1.77
7/31/2007 2.06 0.47 -0.25 -1.39
8/31/2007 3.88 2.07 -0.33 0.09
9/30/2007 10.82 6.35 4.41 3.84
10/31/2007 13.52 9.97 7.62 5.49
11/30/2007 7.99 5.91 3.22 1.08
12/31/2007 7.74 5.53 1.89 0.38
1/31/2008 -1.96 -2.70 -5.90 -5.64
2/29/2008 -4.13 -4.63 -6.44 -8.71
3/31/2008 -4.80 -5.21 -7.34 -9.10
4/30/2008 2.95 -0.23 -2.47 -4.68
5/31/2008 6.84 3.42 -0.98 -3.44
6/30/2008 -1.65 -4.03 -8.88 -11.58
7/31/2008 -4.87 -5.85 -11.11 -12.33
8/31/2008 -4.46 -4.84 -12.36 -11.06
9/30/2008 -18.78 -15.86 -22.78 -18.98
10/31/2008 -34.39 -30.67 -37.42 -32.59
11/30/2008 -42.74 -36.19 -41.47 -37.43
12/31/2008 -41.30 -35.03 -39.59 -36.76
1/31/2009 -42.97 -38.16 -44.89 -42.09
2/28/2009 -46.65 -42.81 -50.53 -48.26
3/31/2009 -41.92 -37.71 -46.80 -43.72
4/30/2009 -35.61 -31.73 -40.83 -38.34
5/31/2009 -31.36 -28.34 -35.47 -34.89
6/30/2009 -30.83 -27.54 -35.76 -34.76
7/31/2009 -25.92 -22.40 -30.32 -29.83
8/31/2009 -24.90 -20.79 -27.44 -27.29
9/30/2009 -21.39 -17.42 -24.55 -24.58
10/31/2009 -23.21 -18.54 -25.89 -25.98
11/30/2009 -18.82 -13.53 -22.86 -21.54
12/31/2009 -15.17 -10.86 -21.48 -20.02
1/31/2010 -19.99 -14.75 -24.72 -22.90
2/28/2010 -17.46 -11.82 -23.66 -20.51
3/31/2010 -12.08 -6.72 -18.94 -15.72
4/30/2010 -13.14 -5.68 -18.92 -14.39
5/31/2010 -20.54 -12.88 -26.69 -21.22
6/30/2010 -25.10 -17.67 -29.20 -25.35
7/31/2010 -20.89 -11.80 -23.46 -20.12
8/31/2010 -24.16 -15.92 -26.32 -23.72
9/30/2010 -16.13 -6.97 -19.45 -16.91
10/31/2010 -12.36 -2.53 -16.45 -13.75
11/30/2010 -12.15 -1.39 -18.25 -13.74
12/31/2010 -7.18 4.04 -12.24 -7.98
1/31/2011 -6.05 6.69 -10.26 -5.80
2/28/2011 -2.44 10.18 -7.12 -2.57
3/31/2011 -2.94 10.31 -8.03 -2.53
4/30/2011 0.06 14.01 -4.13 0.36
5/31/2011 -1.09 12.76 -6.12 -0.78
6/30/2011 -2.11 11.15 -7.60 -2.43
7/31/2011 -3.33 10.03 -9.28 -4.42
8/31/2011 -8.98 4.23 -15.67 -9.61
9/30/2011 -16.49 -3.45 -22.95 -15.96
10/31/2011 -6.68 7.14 -14.98 -6.78
11/30/2011 -7.09 7.13 -17.06 -6.99
12/31/2011 -8.25 6.79 -17.11 -6.03
1/31/2012 -3.24 13.16 -12.95 -1.82
2/29/2012 2.10 18.57 -8.69 2.42
3/31/2012 4.75 22.47 -7.52 5.79
4/30/2012 4.47 22.28 -8.57 5.13
5/31/2012 -2.45 14.44 -16.46 -1.19
6/30/2012 -0.68 17.55 -12.20 2.88
7/31/2012 0.48 19.12 -11.08 4.31
8/31/2012 3.96 22.33 -8.82 6.66
9/30/2012 5.78 24.73 -6.32 9.42
10/31/2012 2.18 21.09 -6.95 7.40
11/30/2012 4.36 23.11 -5.76 8.02
12/31/2012 4.71 23.08 -3.99 9.00
1/31/2013 8.98 28.36 0.90 14.65
2/28/2013 10.31 29.95 1.07 16.21
3/31/2013 13.93 34.83 3.44 20.56
4/30/2013 14.68 37.69 6.70 22.89
5/31/2013 16.63 40.25 6.74 25.76
6/30/2013 13.81 37.61 4.11 24.07
7/31/2013 19.65 44.90 9.59 30.39
8/31/2013 17.38 42.42 7.25 26.61
9/30/2013 22.59 48.77 12.62 30.58
10/31/2013 27.63 55.35 17.03 36.58
11/30/2013 31.48 59.73 19.11 40.74
12/31/2013 35.85 64.29 21.63 44.31
1/31/2014 31.90 59.61 17.12 39.32
2/28/2014 40.17 67.82 22.99 45.69
3/31/2014 35.80 66.13 23.16 46.92
4/30/2014 34.49 66.14 24.43 48.00
5/31/2014 40.21 71.32 26.87 51.48
6/30/2014 44.55 74.66 29.14 54.61
7/31/2014 44.82 71.98 27.08 52.47
8/31/2014 51.00 79.86 29.88 58.57
9/30/2014 49.07 77.25 26.36 56.35
10/31/2014 52.72 81.92 27.17 60.17
11/30/2014 57.19 87.69 29.72 64.48
12/31/2014 56.78 85.73 27.63 64.06
1/31/2015 54.39 82.89 25.32 59.14
2/28/2015 64.44 95.08 32.66 68.28
3/31/2015 62.34 92.86 30.58 65.62
4/30/2015 61.25 93.83 33.65 67.21
5/31/2015 63.64 96.55 34.11 69.36
6/30/2015 63.30 93.09 30.99 66.08
7/31/2015 68.04 99.64 33.34 69.56
8/31/2015 56.22 87.52 24.52 59.33
9/30/2015 49.75 82.88 19.92 55.39
10/31/2015 63.24 98.62 29.43 68.50
11/30/2015 64.88 99.18 28.78 69.00
12/31/2015 62.33 96.26 26.52 66.33
1/31/2016 50.90 85.30 18.95 58.08
2/29/2016 45.07 85.22 18.07 57.86
3/31/2016 50.95 97.72 26.08 68.57
4/30/2016 49.32 95.91 28.07 69.23
5/31/2016 54.26 99.71 28.79 72.27
6/30/2016 52.13 98.93 27.35 72.71
7/31/2016 60.40 108.32 32.73 79.08
8/31/2016 59.61 107.28 32.84 79.33
9/30/2016 61.06 108.04 33.54 79.37
10/31/2016 56.26 103.16 30.96 76.09
11/30/2016 57.18 107.58 32.84 82.62
12/31/2016 58.76 110.15 36.02 86.23
1/31/2017 65.39 117.23 39.30 89.76
2/28/2017 71.95 126.25 43.17 97.29
3/31/2017 75.07 128.87 44.69 97.52
4/30/2017 79.67 134.10 46.84 99.55

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 5/24/2017

Date 2012 2013 2014 2015 2016
Short Term 1.7122
Long Term 1.4691 10.0774 5.4637
Total Amount of Distribution 1.4691 11.7896 5.4637
Record Date 6/16/14 6/15/15 6/20/16
Ex Div Date 6/17/14 6/16/15 6/21/16
Pay Date 6/18/14 6/16/15 6/21/16

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

Analytics

(As of 4/30/2017)

Morningstar 4/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
234
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-2.03
-2.61
Information Ratio
-0.50
-0.71
Upside Capture
101.05
98.69
Downside Capture
120.57
120.00
Sharpe Ratio
0.85
0.99
R-Squared
89.21
91.50
Standard Deviation
12.04
11.57
Sortino Ratio
0.41
0.48
Win Ratio
47.00
38.00
Loss Ratio
53.00
62.00
Beta
1.03
1.04
Tracking Error
3.97
3.40
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/21/2016
Per Share ($)
$0.22
Net Income
2.50%
Net Profit from Sale
79.60%
Other Capital Sources
17.90%
12-Month Distribution ($)
$0.22
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$208.70 B
$183.30 B
Median Market Cap (weighted)
$81.70 B
$87.50 B
Trailing P/E
26.04
24.58
Forward P/E
19.72
19.97
Price/Book
4.40
6.00
Return on Equity
21.65%
24.50%
Turnover Ratio
114.00%
-

Top Issuers

(60.8% of assets as of 04/30/17)


Portfolio Holdings Breakdown

Country 5
Developed Markets 5
Equity Sector 5
Industry 5
Asset Allocation 5
Market Cap 6
Country Capital Appreciation Fund/VA Russell 1000 Growth Overweight / Underweight
United States 96.6% 99.9% -3.3%
Canada 2.9% - -
Developed Markets Capital Appreciation Fund/VA Russell 1000 Growth Overweight / Underweight
Americas 99.5% 99.9% -0.4%
Equity Sector Capital Appreciation Fund/VA Russell 1000 Growth Overweight / Underweight
Information Technology 37.0% 33.0% 4.0%
Consumer Discretionary 20.3% 21.0% -0.7%
Health Care 15.4% 15.9% -0.6%
Industrials 9.0% 10.6% -1.6%
Consumer Staples 7.4% 9.0% -1.6%
Financials 4.2% 2.8% 1.4%
Energy 2.1% 0.5% 1.6%
Real Estate 1.6% 2.7% -1.2%
Utilities 1.4% 0.0% 1.4%
Materials 1.3% 3.5% -2.3%
Industry Capital Appreciation Fund/VA Russell 1000 Growth Overweight / Underweight
Internet Software & Services 11.7% 8.3% 3.5%
Software 8.9% 7.6% 1.3%
Technology Hardware Storage & Peripherals 7.1% 6.3% 0.8%
Internet & Direct Marketing Retail 6.6% 4.7% 1.9%
IT Services 6.2% 6.9% -0.7%
Specialty Retail 6.1% 4.1% 2.0%
Biotechnology 4.6% 5.6% -1.0%
Health Care Equipment & Supplies 4.6% 2.8% 1.8%
Capital Markets 4.2% 1.6% 2.5%
Beverages 3.9% 3.0% 1.0%
Pharmaceuticals 3.3% 2.8% 0.4%
Semiconductors & Semiconductor Equipment 3.1% 3.2% -0.1%
Media 2.9% 5.5% -2.6%
Hotels Restaurants & Leisure 2.6% 3.3% -0.6%
Machinery 2.4% 1.2% 1.2%
Health Care Providers & Services 2.1% 3.6% -1.4%
Road & Rail 2.1% 0.3% 1.8%
Household Durables 2.1% 0.6% 1.5%
Oil Gas & Consumable Fuels 2.1% 0.5% 1.6%
Food Products 1.8% 1.3% 0.5%
Asset Allocation Capital Appreciation Fund/VA Russell 1000 Growth Overweight / Underweight
Equity 99.5% 100.0% -0.5%
Market Cap Capital Appreciation Fund/VA Russell 1000 Growth Overweight / Underweight
Large 80.2% 80.7% -0.5%
Mid 16.6% 18.1% -1.5%
Small 2.7% 1.2% 1.4%
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  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. Special Risks: 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. Access index definitions.
  5. 5. 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.
  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. 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 p.m. ET daily. ↩
  8. 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. ↩
  9. 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. ↩
  10. D. There is no guarantee of the payment of any dividend or other distributions at any level. ↩
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