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Capital Appreciation Fund/VA

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Overview

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

Inception Date
April 3, 1985
Investment Style
Large Cap Growth
Fund Index
Russell 1000® Growth Index
CUSIP
683811301
NAV
  • A
(as of 10/15/2018)
$54.48
Total Assets
(as of 09/30/2018)
$786.94 MM
Gross Expense Ratio
(as of 09/30/2018)
0.84%
Net Expense Ratio
(as of 09/30/2018)
0.80%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 09/30/2018
  • 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
Capital Appreciation Fund/VA (NAV)
13.05% 19.76% 14.98% 13.18% 10.85% 10.31%
Russell 1000® Growth Index
17.09% 26.30% 20.55% 16.58% 14.31% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (with sales charge)
13.05% 19.76% 14.98% 13.18% 10.85% 10.31%
Russell 1000® Growth Index
17.09% 26.30% 20.55% 16.58% 14.31% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (NAV)
13.05% 19.76% 14.98% 13.18% 10.85% 10.31%
Russell 1000® Growth Index
17.09% 26.30% 20.55% 16.58% 14.31% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund/VA (with sales charge)
13.05% 19.76% 14.98% 13.18% 10.85% 10.31%
Russell 1000® Growth Index
17.09% 26.30% 20.55% 16.58% 14.31% -
Gross Expense Ratio: 0.84% | 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 Index
1986 17.76% 7.14%
1987 3.31% 11.12%
1988 22.09% 8.57%
1989 23.59% 25.29%
1990 -8.21% 0.30%
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%
2017 26.83% 30.21%

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
9/30/2008 0.00 0.00 0.00 0.00
10/31/2008 -19.23 -17.61 -18.96 -16.79
11/30/2008 -29.50 -24.16 -24.21 -22.77
12/31/2008 -27.73 -22.79 -21.77 -21.94
1/31/2009 -29.79 -26.50 -28.63 -28.52
2/28/2009 -34.32 -32.03 -35.93 -36.13
3/31/2009 -28.50 -25.97 -31.10 -30.54
4/30/2009 -20.72 -18.86 -23.37 -23.89
5/31/2009 -15.49 -14.84 -16.43 -19.63
6/30/2009 -14.84 -13.89 -16.81 -19.47
7/31/2009 -8.79 -7.77 -9.76 -13.38
8/31/2009 -7.55 -5.86 -6.04 -10.26
9/30/2009 -3.22 -1.85 -2.29 -6.91
10/31/2009 -5.45 -3.18 -4.03 -8.64
11/30/2009 -0.05 2.77 -0.11 -3.16
12/31/2009 4.44 5.94 1.68 -1.29
1/31/2010 -1.50 1.32 -2.52 -4.84
2/28/2010 1.61 4.80 -1.14 -1.89
3/31/2010 8.24 10.86 4.98 4.03
4/30/2010 6.94 12.10 4.99 5.67
5/31/2010 -2.18 3.54 -5.06 -2.76
6/30/2010 -7.79 -2.16 -8.32 -7.85
7/31/2010 -2.60 4.82 -0.89 -1.40
8/31/2010 -6.62 -0.07 -4.59 -5.85
9/30/2010 3.26 10.56 4.31 2.55
10/31/2010 7.90 15.84 8.20 6.45
11/30/2010 8.16 17.19 5.86 6.47
12/31/2010 14.28 23.65 13.65 13.58
1/31/2011 15.66 26.79 16.21 16.28
2/28/2011 20.11 30.94 20.28 20.26
3/31/2011 19.50 31.10 19.10 20.31
4/30/2011 23.19 35.49 24.16 23.87
5/31/2011 21.77 34.02 21.58 22.47
6/30/2011 20.52 32.09 19.66 20.43
7/31/2011 19.02 30.77 17.49 17.98
8/31/2011 12.05 23.87 9.21 11.57
9/30/2011 2.82 14.74 -0.22 3.73
10/31/2011 14.90 27.33 10.10 15.06
11/30/2011 14.38 27.32 7.41 14.81
12/31/2011 12.96 26.91 7.35 15.98
1/31/2012 19.13 34.49 12.74 21.18
2/29/2012 25.69 40.92 18.24 26.42
3/31/2012 28.96 45.55 19.76 30.58
4/30/2012 28.62 45.33 18.40 29.76
5/31/2012 20.10 36.01 8.18 21.96
6/30/2012 22.27 39.70 13.70 26.99
7/31/2012 23.71 41.57 15.16 28.75
8/31/2012 28.00 45.38 18.08 31.65
9/30/2012 30.23 48.23 21.32 35.05
10/31/2012 25.79 43.91 20.50 32.56
11/30/2012 28.48 46.32 22.04 33.33
12/31/2012 28.91 46.28 24.34 34.54
1/31/2013 34.18 52.55 30.67 41.51
2/28/2013 35.81 54.44 30.89 43.43
3/31/2013 40.27 60.24 33.95 48.81
4/30/2013 41.19 63.64 38.17 51.68
5/31/2013 43.59 66.68 38.22 55.23
6/30/2013 40.12 63.54 34.82 53.14
7/31/2013 47.31 72.21 41.92 60.94
8/31/2013 44.51 69.26 38.90 56.27
9/30/2013 50.92 76.80 45.84 61.18
10/31/2013 57.14 84.63 51.55 68.58
11/30/2013 61.87 89.83 54.24 73.72
12/31/2013 67.25 95.26 57.51 78.12
1/31/2014 62.39 89.69 51.67 71.96
2/28/2014 72.57 99.45 59.27 79.83
3/31/2014 67.19 97.44 59.50 81.34
4/30/2014 65.57 97.45 61.13 82.68
5/31/2014 72.62 103.60 64.30 86.97
6/30/2014 77.96 107.57 67.24 90.83
7/31/2014 78.29 104.39 64.57 88.20
8/31/2014 85.91 113.76 68.20 95.73
9/30/2014 83.53 110.66 63.63 92.98
10/31/2014 88.02 116.21 64.69 97.70
11/30/2014 93.52 123.06 67.99 103.01
12/31/2014 93.02 120.74 65.28 102.50
1/31/2015 90.07 117.36 62.29 96.42
2/28/2015 102.45 131.84 71.80 107.71
3/31/2015 99.86 129.21 69.11 104.43
4/30/2015 98.52 130.36 73.07 106.39
5/31/2015 101.47 133.60 73.67 109.04
6/30/2015 101.05 129.48 69.63 104.99
7/31/2015 106.88 137.26 72.68 109.29
8/31/2015 92.33 122.86 61.25 96.66
9/30/2015 84.37 117.34 55.30 91.80
10/31/2015 100.97 136.06 67.61 107.98
11/30/2015 102.99 136.72 66.78 108.59
12/31/2015 99.86 133.25 63.84 105.30
1/31/2016 85.78 120.22 54.04 95.12
2/29/2016 78.61 120.13 52.90 94.85
3/31/2016 85.85 134.98 63.27 108.07
4/30/2016 83.83 132.83 65.85 108.88
5/31/2016 89.92 137.35 66.79 112.63
6/30/2016 87.29 136.42 64.92 113.18
7/31/2016 97.48 147.58 71.88 121.04
8/31/2016 96.51 146.35 72.03 121.35
9/30/2016 98.28 147.25 72.94 121.39
10/31/2016 92.38 141.44 69.59 117.35
11/30/2016 93.52 146.70 72.03 125.40
12/31/2016 95.46 149.75 76.15 129.86
1/31/2017 103.62 158.17 80.40 134.22
2/28/2017 111.70 168.89 85.41 143.52
3/31/2017 115.54 172.00 87.38 143.80
4/30/2017 121.20 178.22 90.16 146.31
5/31/2017 125.24 185.46 94.18 149.77
6/30/2017 125.20 184.70 94.93 151.33
7/31/2017 129.03 192.27 99.59 156.50
8/31/2017 132.23 197.63 99.87 157.28
9/30/2017 134.01 201.50 104.36 162.59
10/31/2017 139.71 213.18 108.22 168.72
11/30/2017 145.41 222.70 112.73 176.96
12/31/2017 147.90 225.21 115.61 180.04
1/31/2018 165.21 248.24 126.99 196.07
2/28/2018 155.42 239.11 117.59 185.16
3/31/2018 146.25 229.81 112.85 177.91
4/30/2018 146.87 230.96 115.29 178.98
5/31/2018 158.67 245.47 116.64 185.70
6/30/2018 159.53 248.80 116.54 187.46
7/31/2018 168.15 259.04 123.30 198.15
8/31/2018 179.81 278.67 126.06 207.87
9/30/2018 180.25 280.78 127.32 209.62

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 10/16/2018

Date 2014 2015 2016 2017 2018
Short Term 1.7122 1.8454
Long Term 1.4691 10.0774 5.4637 5.0057 2.5434
Total Amount of Distribution 1.4691 11.7896 5.4637 5.0057 4.3888
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

(61.0% of assets as of 09/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
United States 96.5% 100.0% -3.4%
Canada 1.7% - -
United Kingdom 0.8% - -
Belgium 0.4% - -
Developed Markets Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Americas 98.2% 100.0% -1.8%
Europe 1.2% 0.0% 1.2%
Equity Sector Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Information Technology 31.2% 32.6% -1.4%
Consumer Discretionary 19.2% 15.4% 3.8%
Health Care 13.5% 13.8% -0.3%
Communication Services 11.5% 12.0% -0.5%
Industrials 10.7% 12.0% -1.3%
Financials 5.5% 4.2% 1.3%
Consumer Staples 2.6% 5.4% -2.8%
Energy 2.2% 0.9% 1.3%
Materials 1.6% 1.7% -0.1%
Utilities 1.3% - -
Industry Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Software 12.7% 10.6% 2.0%
Interactive Media & Services 9.5% 8.4% 1.1%
Internet & Direct Marketing Retail 9.3% 6.9% 2.4%
Specialty Retail 6.6% 4.0% 2.6%
IT Services 6.5% 8.3% -1.9%
Technology Hardware Storage & Peripherals 6.4% 8.1% -1.6%
Biotechnology 5.8% 5.0% 0.8%
Semiconductors & Semiconductor Equipment 4.9% 4.2% 0.7%
Health Care Providers & Services 4.5% 3.3% 1.2%
Capital Markets 4.5% 2.1% 2.4%
Hotels Restaurants & Leisure 3.3% 2.0% 1.4%
Machinery 2.4% 2.2% 0.2%
Aerospace & Defense 2.2% 3.6% -1.4%
Oil Gas & Consumable Fuels 2.2% 0.6% 1.6%
Road & Rail 2.0% 1.2% 0.8%
Airlines 1.6% 0.2% 1.4%
Entertainment 1.6% 2.9% -1.2%
Commercial Services & Supplies 1.5% 0.5% 0.9%
Health Care Equipment & Supplies 1.3% 2.6% -1.3%
Gas Utilities 1.3% - -
Asset Allocation Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Equity 99.4% 100.0% -0.6%
Market Cap Capital Appreciation Fund/VA Russell 1000® Growth Index Overweight / Underweight
Large 81.8% 86.8% -4.9%
Mid 13.3% 13.0% 0.2%
Small 4.3% 0.2% 4.1%
Analytics
(As of 09/30/2018)

Morningstar 09/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
241
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-5.40
-3.50
Beta
1.04
1.04
Information Ratio
-1.60
-0.99
R-Squared
90.20
90.69
Sharpe Ratio
1.24
1.11
Standard Deviation
11.11
11.27
Upside Capture
92.91
95.67
Downside Capture
152.23
125.55
Sortino Ratio
2.29
1.98
Win Ratio
36.00
40.00
Loss Ratio
64.00
60.00
Tracking Error
3.49
3.46
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$313.26 B
$320.13 B
Median Market Cap (weighted)
$98.52 B
$115.25 B
P/E Ratio (LTM)
24.95
26.79
P/E Ratio (NTM)
19.91
21.63
Price/Book
6.04
8.00
Return on Equity
23.87%
23.27%
Turnover Ratio
26%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.1866
12-Month Distribution ($)
$0.1866
Distribution Sources
  • D
Net Income
3.00%
Net Profit from Sale
97.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
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. 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. The Russell 1000® Growth Index measures the performance of the large-cap growth segment of the U.S. equity universe. It includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The index is 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.
  5. 5. 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.
  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 7:00pm 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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