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OPTIX

Capital Appreciation Fund

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Overview

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

Inception Date
December 29, 2011
Investment Style
Large Cap Growth
Fund Index
Russell 1000® Growth Index
CUSIP
68379A602
NAV
  • A
(as of 11/17/2017)
$66.75
Total Assets
(as of 10/31/2017)
$5.13 BN
Gross Expense Ratio
(as of 10/31/2017)
0.63%
Net Expense Ratio
(as of 10/31/2017)
0.63%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2017
  • B
as of 09/30/2017
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2017-09-30
  • C
1 yr 3 yr 5 yr since inception
Capital Appreciation Fund (NAV)
3.93% 19.88% 18.21% 8.64% 12.61% 13.60%
Cumulative
Annualized
3 mo ytd as of 2017-10-31
  • C
1 yr 3 yr 5 yr since inception
Capital Appreciation Fund (NAV)
4.69% 22.82% 24.83% 8.63% 13.93% 13.86%
Gross Expense Ratio: 0.63% | Net Expense Ratio: 0.63%

The performance data quoted represents past performance, which does not guarantee future results. The investments 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. Fund returns include changes in share price and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Year Capital Appreciation Fund Russell 1000® Growth Index
2012 14.25% 15.26%
2013 29.82% 33.48%
2014 15.55% 13.05%
2015 3.66% 5.67%
2016 -1.93% 7.08%

The performance data quoted represents past performance, which does not guarantee future results. The investments 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. Fund returns include changes in share price and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.


Date Capital Appreciation Fund Russell 1000® Growth Index MSCI World S&P 500
10/31/2012 0.00 0.00 0.00 0.00
11/30/2012 2.15 1.67 1.28 0.58
12/31/2012 2.50 1.65 3.19 1.50
1/31/2013 6.74 6.00 8.44 6.75
2/28/2013 8.03 7.32 8.62 8.20
3/31/2013 11.60 11.35 11.16 12.26
4/30/2013 12.33 13.71 14.67 14.42
5/31/2013 14.26 15.82 14.71 17.10
6/30/2013 11.52 13.64 11.88 15.53
7/31/2013 17.26 19.67 17.77 21.41
8/31/2013 15.07 17.62 15.27 17.89
9/30/2013 20.12 22.86 21.03 21.59
10/31/2013 25.02 28.30 25.77 27.18
11/30/2013 28.79 31.91 28.00 31.05
12/31/2013 33.07 35.68 30.71 34.37
1/31/2014 29.25 31.81 25.87 29.72
2/28/2014 37.29 38.60 32.17 35.66
3/31/2014 33.07 37.20 32.36 36.80
4/30/2014 31.82 37.21 33.72 37.81
5/31/2014 37.46 41.48 36.35 41.04
6/30/2014 41.73 44.24 38.79 43.96
7/31/2014 41.96 42.03 36.57 41.97
8/31/2014 48.01 48.54 39.58 47.65
9/30/2014 46.14 46.39 35.79 45.58
10/31/2014 49.75 50.24 36.67 49.14
11/30/2014 54.14 55.00 39.41 53.15
12/31/2014 53.76 53.39 37.16 52.76
1/31/2015 51.42 51.04 34.68 48.18
2/28/2015 61.27 61.11 42.57 56.69
3/31/2015 59.24 59.28 40.34 54.22
4/30/2015 58.16 60.07 43.63 55.69
5/31/2015 60.53 62.33 44.12 57.70
6/30/2015 60.22 59.47 40.77 54.64
7/31/2015 64.89 64.87 43.30 57.88
8/31/2015 53.32 54.86 33.82 48.36
9/30/2015 47.04 51.03 28.88 44.69
10/31/2015 60.31 64.04 39.09 56.89
11/30/2015 61.90 64.50 38.40 57.36
12/31/2015 59.39 62.08 35.97 54.88
1/31/2016 48.21 53.03 27.84 47.19
2/29/2016 42.56 52.97 26.88 46.99
3/31/2016 48.37 63.28 35.49 56.96
4/30/2016 46.80 61.79 37.64 57.57
5/31/2016 51.68 64.94 38.41 60.40
6/30/2016 49.61 64.29 36.86 60.82
7/31/2016 57.85 72.04 42.64 66.75
8/31/2016 57.07 71.19 42.76 66.98
9/30/2016 58.51 71.81 43.52 67.01
10/31/2016 53.80 67.78 40.74 63.97
11/30/2016 54.71 71.43 42.77 70.04
12/31/2016 56.30 73.55 46.18 73.40
1/31/2017 62.92 79.40 49.71 76.69
2/28/2017 69.42 86.85 53.86 83.70
3/31/2017 72.53 89.01 55.50 83.92
4/30/2017 77.04 93.34 57.80 85.81
5/31/2017 80.35 98.36 61.14 88.42
6/30/2017 80.30 97.84 61.76 89.60
7/31/2017 83.37 103.10 65.63 93.50
8/31/2017 85.96 106.82 65.87 94.09
9/30/2017 87.37 109.51 69.59 98.09
10/31/2017 91.98 117.63 72.80 102.72

The performance data quoted represents past performance, which does not guarantee future results. The investments 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. Fund returns include changes in share price and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 11/18/2017

Date 2012 2013 2014 2015 2016
Short Term 1.6941 0.3461
Long Term 2.5532 7.8660 7.0818 2.1269
Total Amount of Distribution 2.5532 9.5601 7.4279 2.1269
Record Date 12/9/13 12/8/14 12/4/15 12/2/16
Ex Div Date 12/10/13 12/9/14 12/7/15 12/5/16
Pay Date 12/11/13 12/9/14 12/7/15 12/5/16

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

Portfolio

Top Issuers

(58.9% of assets as of 09/30/2017)


Portfolio Holdings Breakdown

Country 7
Developed Markets 7
Equity Sector 7
Industry 7
Asset Allocation 7
Market Cap 8
Country Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
United States 95.6% 99.7% -4.1%
Canada 3.4% - -
Belgium 0.3% - -
Developed Markets Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Americas 99.0% 99.7% -0.7%
Europe 0.3% 0.2% 0.2%
Equity Sector Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Information Technology 37.4% 37.6% -0.1%
Consumer Discretionary 18.6% 17.7% 0.9%
Health Care 14.0% 13.8% 0.3%
Industrials 10.4% 12.5% -2.0%
Consumer Staples 6.2% 6.7% -0.5%
Financials 5.6% 3.4% 2.2%
Energy 2.7% 0.9% 1.8%
Real Estate 1.6% 2.6% -1.0%
Utilities 1.4% 0.0% 1.3%
Materials 1.3% 3.8% -2.5%
Industry Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Internet Software & Services 11.8% 8.5% 3.3%
Software 8.8% 8.7% 0.1%
Technology Hardware Storage & Peripherals 6.9% 6.9% 0.0%
IT Services 6.7% 7.5% -0.8%
Specialty Retail 6.0% 3.5% 2.5%
Biotechnology 5.6% 5.2% 0.4%
Internet & Direct Marketing Retail 5.3% 4.8% 0.5%
Capital Markets 4.5% 1.9% 2.6%
Beverages 3.5% 2.9% 0.5%
Semiconductors & Semiconductor Equipment 3.2% 4.9% -1.7%
Health Care Equipment & Supplies 3.0% 2.6% 0.4%
Hotels Restaurants & Leisure 2.7% 3.3% -0.6%
Oil Gas & Consumable Fuels 2.7% 0.7% 2.0%
Media 2.6% 3.4% -0.7%
Pharmaceuticals 2.3% 1.9% 0.4%
Health Care Providers & Services 2.2% 2.7% -0.5%
Machinery 2.2% 2.4% -0.2%
Road & Rail 2.1% 1.2% 0.9%
Household Durables 2.0% 0.3% 1.7%
Commercial Services & Supplies 1.8% 0.5% 1.3%
Asset Allocation Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Equity 99.3% 100.0% -0.7%
Market Cap Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Large 75.1% 81.5% -6.4%
Mid 19.9% 17.6% 2.3%
Small 4.3% 0.9% 3.5%
Analytics
(As of 10/31/2017)

Morningstar 10/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
1233
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-4.26
-2.92
Beta
1.02
1.03
Information Ratio
-1.21
-0.85
R-Squared
89.71
90.08
Sharpe Ratio
0.74
1.24
Standard Deviation
11.59
10.81
Upside Capture
92.27
95.92
Downside Capture
128.12
121.48
Sortino Ratio
0.35
0.65
Win Ratio
39.00
38.00
Loss Ratio
61.00
62.00
Tracking Error
3.72
3.42
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/5/2016
Per Share ($)
$0.27
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.27
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$247.80 B
$225.10 B
Median Market Cap (weighted)
$87.20 B
$90.20 B
P/E Ratio (LTM)
23.92
26.02
P/E Ratio (NTM)
19.50
21.50
Price/Book
4.41
6.54
Return on Equity
22.77%
23.56%
Turnover Ratio
63.00%
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Documents
  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. Class I shares are only offered to eligible institutional investors that make a minimum initial investment of $1 million or more and to retirement plan service provider platforms. The minimum account balance for class I shares is $2.5 million. Class I shares are sold at net asset value without a sales charge. Please see Fund prospectuses for additional information.
  4. 4. 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.
  5. 5. For Share Classes with less than a one-year track record, expense ratios are estimated based on the Manager's projections of those expenses for the coming fiscal year.
  6. 6. Access index definitions.
  7. 7. 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.
  8. 8. 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.
  9. 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.
  10. B. The performance data quoted represents past performance, which does not guarantee future results. The investments 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. Fund returns include changes in share price and reinvested distributions. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
  11. 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.
  12. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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