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Main Street Small Cap Fund®/VA

Overview

The Strategy typically invests in small-cap U.S. company stocks

Inception Date
May 1, 1998
Investment Style
Small Cap Core
Fund Index
Russell 2000® Index
CUSIP
683811871
NAV
  • A
(as of 12/13/2018)
$21.64
Total Assets
(as of 11/30/2018)
$989.90 MM
Gross Expense Ratio
(as of 11/30/2018)
0.82%
Net Expense Ratio
(as of 11/30/2018)
0.80%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 11/30/2018
  • B
as of 09/30/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Main Street Small Cap Fund®/VA (NAV)
11.97% 13.95% 15.89% 11.17% 12.28% 8.85%
Russell 2000® Index
11.51% 15.24% 17.12% 11.07% 12.08% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Main Street Small Cap Fund®/VA (with sales charge)
11.97% 13.95% 15.89% 11.17% 12.28% 8.85%
Russell 2000® Index
11.51% 15.24% 17.12% 11.07% 12.08% -
Cumulative
Annualized
ytd as of 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Main Street Small Cap Fund®/VA (NAV)
2.45% 2.49% 9.63% 8.33% 15.69% 8.31%
Russell 2000® Index
0.98% 0.57% 10.08% 7.50% 15.01% -
Cumulative
Annualized
ytd as of 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Main Street Small Cap Fund®/VA (with sales charge)
2.45% 2.49% 9.63% 8.33% 15.69% 8.31%
Russell 2000® Index
0.98% 0.57% 10.08% 7.50% 15.01% -
Gross Expense Ratio: 0.82% | 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 Main Street Small Cap Fund®/VA Russell 2000® Index
1999 46.56% 24.14%
2000 -18.34% 4.27%
2001 -0.36% 1.22%
2002 -15.75% -17.80%
2003 44.36% 45.51%
2004 19.42% 18.29%
2005 9.92% 8.11%
2006 15.00% 16.17%
2007 -1.21% 1.38%
2008 -37.83% -36.79%
2009 37.20% 34.39%
2010 23.41% 26.71%
2011 -2.21% -2.51%
2012 17.99% 17.88%
2013 41.01% 39.39%
2014 11.93% 4.89%
2015 -5.90% -4.41%
2016 18.05% 21.31%
2017 14.15% 14.65%

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 Main Street Small Cap Fund®/VA Russell 2000® Index (Linked Index) MSCI World S&P 500
11/30/2008 0.00 0.00 0.00 0.00
12/31/2008 7.25 5.43 3.21 1.06
1/31/2009 -4.73 -4.06 -5.83 -7.45
2/28/2009 -17.12 -14.43 -15.47 -17.31
3/31/2009 -7.83 -6.62 -9.10 -10.06
4/30/2009 15.57 7.77 1.10 -1.46
5/31/2009 21.19 11.05 10.26 4.05
6/30/2009 21.39 12.31 9.76 4.26
7/31/2009 31.30 22.44 19.06 12.15
8/31/2009 34.06 27.44 23.97 16.20
9/30/2009 41.32 34.84 28.91 20.53
10/31/2009 33.45 27.03 26.62 18.29
11/30/2009 37.84 32.16 31.79 25.39
12/31/2009 47.14 41.68 34.16 27.81
1/31/2010 41.52 36.94 28.61 23.21
2/28/2010 48.27 43.75 30.43 27.03
3/31/2010 59.89 54.74 38.50 34.69
4/30/2010 66.78 62.07 38.52 36.82
5/31/2010 55.06 50.00 25.25 25.90
6/30/2010 45.18 39.29 20.96 19.31
7/31/2010 53.51 49.09 30.77 27.66
8/31/2010 42.92 40.26 25.88 21.90
9/30/2010 59.48 56.31 37.62 32.78
10/31/2010 65.85 62.30 42.75 37.83
11/30/2010 70.07 66.87 39.67 37.85
12/31/2010 81.58 79.53 49.94 47.06
1/31/2011 82.92 81.93 53.33 50.55
2/28/2011 89.91 90.81 58.70 55.71
3/31/2011 94.22 95.15 57.13 55.77
4/30/2011 100.52 100.78 63.81 60.38
5/31/2011 98.25 98.37 60.41 58.57
6/30/2011 95.46 94.00 57.87 55.92
7/31/2011 86.87 86.62 55.01 52.75
8/31/2011 71.77 71.34 44.09 44.45
9/30/2011 54.09 52.83 31.64 34.30
10/31/2011 78.39 75.24 45.26 48.98
11/30/2011 77.57 74.63 41.71 48.65
12/31/2011 77.57 75.02 41.63 50.17
1/31/2012 90.91 86.66 48.74 56.90
2/29/2012 99.59 93.58 56.01 63.68
3/31/2012 103.11 97.75 58.01 69.07
4/30/2012 100.01 96.31 56.22 68.01
5/31/2012 85.63 82.90 42.73 57.91
6/30/2012 94.84 89.56 50.01 64.42
7/31/2012 93.17 88.27 51.93 66.70
8/31/2012 99.73 95.03 55.79 70.46
9/30/2012 102.22 100.11 60.07 74.86
10/31/2012 99.41 98.01 58.98 71.63
11/30/2012 103.16 101.06 61.02 72.63
12/31/2012 109.51 106.31 64.05 74.20
1/31/2013 126.25 120.41 72.40 83.22
2/28/2013 130.62 122.95 72.69 85.71
3/31/2013 141.34 132.82 76.73 92.68
4/30/2013 140.71 131.96 82.30 96.39
5/31/2013 149.03 141.24 82.37 100.98
6/30/2013 150.37 140.00 77.87 98.28
7/31/2013 164.51 156.80 87.24 108.37
8/31/2013 160.36 148.64 83.25 102.34
9/30/2013 176.52 164.51 92.42 108.68
10/31/2013 180.77 171.16 99.95 118.27
11/30/2013 187.99 182.02 103.50 124.93
12/31/2013 195.43 187.57 107.81 130.62
1/31/2014 191.61 179.61 100.11 122.65
2/28/2014 205.63 192.78 110.13 132.83
3/31/2014 207.76 190.79 110.44 134.79
4/30/2014 197.03 179.51 112.59 136.52
5/31/2014 198.62 181.75 116.77 142.08
6/30/2014 208.78 196.74 120.65 147.08
7/31/2014 195.83 178.78 117.13 143.67
8/31/2014 213.39 192.60 121.92 153.42
9/30/2014 194.71 174.90 115.89 149.86
10/31/2014 217.99 193.02 117.29 155.97
11/30/2014 223.72 193.29 121.64 162.85
12/31/2014 230.69 201.65 118.07 162.19
1/31/2015 217.49 191.94 114.12 154.32
2/28/2015 237.29 209.27 126.66 168.93
3/31/2015 241.03 214.66 123.11 164.68
4/30/2015 230.57 206.64 128.35 167.22
5/31/2015 238.91 213.64 129.13 170.66
6/30/2015 242.14 215.99 123.81 165.42
7/31/2015 237.32 212.31 127.82 170.98
8/31/2015 217.76 192.69 112.75 154.63
9/30/2015 201.71 178.33 104.90 148.33
10/31/2015 216.59 194.01 121.14 169.28
11/30/2015 226.08 203.57 120.04 170.08
12/31/2015 211.19 188.33 116.17 165.82
1/31/2016 188.13 162.98 103.24 152.63
2/29/2016 189.59 162.96 101.72 152.29
3/31/2016 210.76 183.95 115.41 169.40
4/30/2016 214.26 188.41 118.82 170.44
5/31/2016 222.58 194.91 120.05 175.30
6/30/2016 220.23 194.72 117.59 176.01
7/31/2016 235.79 212.32 126.78 186.19
8/31/2016 236.55 217.84 126.97 186.59
9/30/2016 235.18 221.38 128.17 186.65
10/31/2016 226.48 206.10 123.76 181.42
11/30/2016 256.08 240.24 126.97 191.84
12/31/2016 267.37 249.77 132.40 197.61
1/31/2017 271.64 251.15 138.01 203.25
2/28/2017 280.34 257.92 144.62 215.29
3/31/2017 282.02 258.39 147.22 215.66
4/30/2017 289.49 262.32 150.88 218.90
5/31/2017 281.10 254.95 156.19 223.39
6/30/2017 293.03 267.22 157.18 225.41
7/31/2017 293.52 269.95 163.33 232.10
8/31/2017 288.64 265.24 163.70 233.12
9/30/2017 312.06 288.04 169.62 239.99
10/31/2017 315.64 291.35 174.72 247.92
11/30/2017 319.21 302.62 180.67 258.59
12/31/2017 319.38 301.00 184.46 262.58
1/31/2018 328.32 311.48 199.48 283.34
2/28/2018 306.20 295.55 187.08 269.21
3/31/2018 317.10 300.66 180.82 259.83
4/30/2018 319.54 304.13 184.05 261.21
5/31/2018 346.37 328.66 185.83 269.91
6/30/2018 353.12 331.73 185.69 272.19
7/31/2018 359.03 339.25 194.61 286.04
8/31/2018 386.19 358.19 198.26 298.61
9/30/2018 369.56 347.17 199.92 300.88
10/31/2018 323.20 298.60 177.90 273.48
11/30/2018 329.66 304.93 181.05 281.09

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 12/13/2018

Date 2014 2015 2016 2017 2018
Short Term 1.9186 0.0990 0.6971
Long Term 2.0665 3.7494 0.8374 1.3571 2.6554
Total Amount of Distribution 3.9851 3.8484 0.8374 1.3571 3.3524
Record Date 6/16/14 6/15/15 6/20/16 6/19/17 6/18/18
Ex Div Date 6/17/14 6/16/15 6/21/16 6/20/17 6/19/18
Pay Date 6/18/14 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

(33.5% of assets as of 11/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Main Street Small Cap Fund®/VA Russell 2000® Index Overweight / Underweight
United States 97.4% 99.9% -2.4%
Developed Markets Main Street Small Cap Fund®/VA Russell 2000® Index Overweight / Underweight
Americas 97.4% 100.0% -2.5%
Equity Sector Main Street Small Cap Fund®/VA Russell 2000® Index Overweight / Underweight
Industrials 19.0% 15.0% 4.0%
Financials 15.1% 18.2% -3.2%
Consumer Discretionary 14.4% 12.3% 2.1%
Health Care 13.3% 15.8% -2.5%
Information Technology 12.0% 14.0% -2.0%
Real Estate 7.3% 7.2% 0.1%
Utilities 5.0% 3.6% 1.4%
Materials 4.3% 3.7% 0.5%
Energy 3.0% 4.0% -1.0%
Consumer Staples 2.4% 2.8% -0.4%
Communication Services 1.8% 3.3% -1.5%
Industry Main Street Small Cap Fund®/VA Russell 2000® Index Overweight / Underweight
Banks 9.1% 9.9% -0.9%
Equity Real Estate Investment Trusts (REITs) 7.3% 6.7% 0.6%
Software 6.6% 4.9% 1.6%
Machinery 5.0% 3.8% 1.3%
Hotels Restaurants & Leisure 4.5% 3.0% 1.4%
Professional Services 4.4% 1.5% 2.9%
Health Care Providers & Services 3.6% 2.0% 1.6%
Specialty Retail 3.4% 3.1% 0.3%
Multi-Utilities 3.4% 0.5% 2.9%
Metals & Mining 3.4% 1.2% 2.2%
Biotechnology 3.4% 6.2% -2.8%
Health Care Equipment & Supplies 3.3% 3.7% -0.3%
IT Services 3.0% 1.8% 1.2%
Oil Gas & Consumable Fuels 3.0% 2.5% 0.5%
Auto Components 3.0% 1.0% 2.0%
Thrifts & Mortgage Finance 2.8% 2.3% 0.6%
Semiconductors & Semiconductor Equipment 2.4% 2.6% -0.2%
Commercial Services & Supplies 2.2% 2.6% -0.4%
Construction & Engineering 2.1% 1.1% 1.0%
Diversified Consumer Services 2.0% 0.9% 1.1%
Asset Allocation Main Street Small Cap Fund®/VA Russell 2000® Index Overweight / Underweight
Equity 97.4% 100.0% -2.6%
Market Cap Main Street Small Cap Fund®/VA Russell 2000® Index Overweight / Underweight
Small 62.2% 77.2% -15.1%
Mid 35.3% 22.8% 12.5%
Analytics
(As of 11/30/2018)

Morningstar 11/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
86
Category
Small Blend
Performance Statistics
3Y
5Y
Alpha
0.41
1.28
Beta
0.90
0.92
Information Ratio
-0.13
0.25
R-Squared
94.71
94.72
Sharpe Ratio
0.67
0.61
Standard Deviation
13.48
13.56
Upside Capture
93.68
97.00
Downside Capture
92.49
91.03
Sortino Ratio
1.03
0.95
Win Ratio
50.00
53.00
Loss Ratio
50.00
47.00
Tracking Error
3.44
3.33
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$2.75 B
$2.25 B
Median Market Cap (weighted)
$2.67 B
$2.05 B
P/E Ratio (LTM)
18.96
23.46
P/E Ratio (NTM)
17.22
18.26
Price/Book
2.31
2.21
Debt to Capital Ratio
39.58
37.07
Turnover Ratio
42%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.0814
12-Month Distribution ($)
$0.0814
Distribution Sources
  • D
Net Income
0.70%
Net Profit from Sale
69.80%
Other Capital Sources
29.50%
Team
Documents
  1. 1. Small-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 small-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™ Index through March 31, 2013 and (ii) the Russell 2000® Index from April 1, 2013 to present. Index performance includes total returns from when first available.  The Russell 2000® Index  measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000 Index is a subset of the Russell 3000 Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2500™ Index measures the performance of the small to mid-cap segment of the U.S. equity universe, commonly referred to as "smid" cap. The Russell 2500™ is a subset of the Russell 3000® Index. It includes approximately 2500 of the smallest securities based on a combination of their market cap and current index membership. 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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