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OTCYX

Capital Appreciation Fund

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Overview

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

Inception Date
November 3, 1997
Investment Style
Large Cap Growth
Fund Index
Russell 1000® Growth Index
CUSIP
68379A404
NAV
  • A
(as of 09/17/2018)
$70.27
Total Assets
(as of 08/31/2018)
$5.32 BN
Gross Expense Ratio
(as of 08/31/2018)
0.82%
Net Expense Ratio
(as of 08/31/2018)
0.82%
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

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (NAV)
4.73% 15.24% 8.91% 13.08% 7.87% 6.86%
Russell 1000® Growth Index
7.25% 22.51% 14.98% 16.36% 11.83% -
Cumulative
Annualized
ytd as of 2018-08-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Capital Appreciation Fund (NAV)
12.92% 20.51% 13.35% 14.09% 9.00% 7.19%
Russell 1000® Growth Index
16.44% 27.23% 19.33% 17.47% 12.84% -
Gross Expense Ratio: 0.82% | Net Expense Ratio: 0.82%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y 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
1998 24.46% 38.71%
1999 42.61% 33.16%
2000 -0.91% -22.42%
2001 -12.41% -20.42%
2002 -25.96% -27.88%
2003 29.95% 29.75%
2004 6.84% 6.30%
2005 5.08% 5.26%
2006 7.93% 9.07%
2007 14.20% 11.81%
2008 -45.67% -38.44%
2009 44.14% 37.21%
2010 9.63% 16.71%
2011 -1.17% 2.64%
2012 14.14% 15.26%
2013 29.69% 33.48%
2014 15.32% 13.05%
2015 3.47% 5.67%
2016 -2.12% 7.08%
2017 26.82% 30.21%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y 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
8/31/2008 0.00 0.00 0.00 0.00
9/30/2008 -14.94 -11.58 -11.89 -8.91
10/31/2008 -31.59 -27.15 -28.60 -24.21
11/30/2008 -40.28 -32.94 -33.22 -29.65
12/31/2008 -38.77 -31.73 -31.08 -28.90
1/31/2009 -40.58 -35.01 -37.12 -34.89
2/28/2009 -44.51 -39.90 -43.55 -41.82
3/31/2009 -39.47 -34.54 -39.30 -36.73
4/30/2009 -32.91 -28.26 -32.49 -30.67
5/31/2009 -28.47 -24.70 -26.37 -26.79
6/30/2009 -27.94 -23.86 -26.70 -26.65
7/31/2009 -22.88 -18.45 -20.49 -21.10
8/31/2009 -21.80 -16.76 -17.21 -18.25
9/30/2009 -18.19 -13.22 -13.91 -15.20
10/31/2009 -20.03 -14.39 -15.45 -16.78
11/30/2009 -15.49 -9.14 -11.99 -11.79
12/31/2009 -11.75 -6.33 -10.41 -10.08
1/31/2010 -16.74 -10.41 -14.11 -13.32
2/28/2010 -14.11 -7.34 -12.90 -10.63
3/31/2010 -8.52 -1.98 -7.51 -5.24
4/30/2010 -9.58 -0.88 -7.49 -3.74
5/31/2010 -17.31 -8.45 -16.36 -11.43
6/30/2010 -22.01 -13.49 -19.22 -16.07
7/31/2010 -17.59 -7.32 -12.67 -10.18
8/31/2010 -21.01 -11.65 -15.93 -14.24
9/30/2010 -12.62 -2.24 -8.10 -6.59
10/31/2010 -8.63 2.43 -4.67 -3.03
11/30/2010 -8.39 3.62 -6.73 -3.02
12/31/2010 -3.25 9.33 0.13 3.46
1/31/2011 -2.10 12.11 2.39 5.91
2/28/2011 1.68 15.78 5.98 9.54
3/31/2011 1.17 15.92 4.93 9.59
4/30/2011 4.31 19.80 9.39 12.83
5/31/2011 3.10 18.50 7.12 11.56
6/30/2011 2.06 16.80 5.43 9.70
7/31/2011 0.81 15.63 3.51 7.46
8/31/2011 -5.04 9.52 -3.78 1.63
9/30/2011 -12.81 1.45 -12.09 -5.52
10/31/2011 -2.83 12.59 -3.00 4.81
11/30/2011 -3.25 12.58 -5.37 4.58
12/31/2011 -4.38 12.21 -5.42 5.65
1/31/2012 0.79 18.91 -0.67 10.38
2/29/2012 6.32 24.60 4.18 15.16
3/31/2012 9.08 28.70 5.52 18.94
4/30/2012 8.80 28.50 4.32 18.20
5/31/2012 1.66 20.26 -4.68 11.09
6/30/2012 3.48 23.52 0.17 15.67
7/31/2012 4.68 25.18 1.46 17.28
8/31/2012 8.31 28.55 4.03 19.92
9/30/2012 10.19 31.07 6.89 23.02
10/31/2012 6.50 27.24 6.17 20.75
11/30/2012 8.76 29.37 7.53 21.45
12/31/2012 9.13 29.34 9.55 22.55
1/31/2013 13.67 34.88 15.13 28.90
2/28/2013 15.03 36.56 15.32 30.65
3/31/2013 18.83 41.68 18.02 35.55
4/30/2013 19.58 44.69 21.74 38.16
5/31/2013 21.63 47.38 21.78 41.40
6/30/2013 18.72 44.60 18.78 39.50
7/31/2013 24.81 52.27 25.04 46.60
8/31/2013 22.45 49.66 22.38 42.35
9/30/2013 27.83 56.33 28.50 46.81
10/31/2013 33.01 63.24 33.53 53.56
11/30/2013 37.00 67.85 35.90 58.24
12/31/2013 41.54 72.64 38.77 62.25
1/31/2014 37.46 67.72 33.63 56.64
2/28/2014 46.00 76.36 40.32 63.80
3/31/2014 41.47 74.58 40.53 65.18
4/30/2014 40.12 74.58 41.97 66.40
5/31/2014 46.12 80.03 44.76 70.31
6/30/2014 50.60 83.53 47.35 73.83
7/31/2014 50.83 80.72 45.00 71.43
8/31/2014 57.23 89.00 48.19 78.29
9/30/2014 55.22 86.26 44.17 75.79
10/31/2014 59.04 91.17 45.10 80.08
11/30/2014 63.66 97.23 48.01 84.92
12/31/2014 63.23 95.17 45.63 84.46
1/31/2015 60.74 92.19 42.99 78.92
2/28/2015 71.18 105.00 51.36 89.20
3/31/2015 68.97 102.66 48.99 86.21
4/30/2015 67.83 103.68 52.49 88.00
5/31/2015 70.32 106.55 53.01 90.41
6/30/2015 69.93 102.91 49.46 86.73
7/31/2015 74.84 109.79 52.14 90.64
8/31/2015 62.56 97.05 42.07 79.14
9/30/2015 55.90 92.17 36.83 74.71
10/31/2015 69.93 108.72 47.67 89.44
11/30/2015 71.60 109.31 46.94 90.01
12/31/2015 68.89 106.24 44.36 87.01
1/31/2016 57.04 94.72 35.72 77.73
2/29/2016 51.04 94.64 34.71 77.49
3/31/2016 57.15 107.77 43.85 89.53
4/30/2016 55.46 105.87 46.13 90.27
5/31/2016 60.61 109.87 46.95 93.68
6/30/2016 58.38 109.04 45.30 94.18
7/31/2016 67.08 118.91 51.44 101.34
8/31/2016 66.26 117.82 51.57 101.63
9/30/2016 67.72 118.62 52.37 101.66
10/31/2016 62.72 113.48 49.42 97.99
11/30/2016 63.65 118.13 51.57 105.32
12/31/2016 65.32 120.83 55.20 109.38
1/31/2017 72.28 128.27 58.94 113.35
2/28/2017 79.14 137.75 63.35 121.82
3/31/2017 82.41 140.50 65.09 122.08
4/30/2017 87.14 146.00 67.54 124.36
5/31/2017 90.59 152.40 71.08 127.51
6/30/2017 90.53 151.73 71.74 128.94
7/31/2017 93.76 158.43 75.85 133.64
8/31/2017 96.45 163.16 76.10 134.36
9/30/2017 97.92 166.58 80.05 139.19
10/31/2017 102.74 176.91 83.45 144.77
11/30/2017 107.56 185.33 87.43 152.28
12/31/2017 109.64 187.55 89.96 155.09
1/31/2018 124.23 207.91 99.99 169.69
2/28/2018 116.09 199.84 91.71 159.75
3/31/2018 108.18 191.62 87.53 153.15
4/30/2018 108.78 192.64 89.69 154.12
5/31/2018 118.75 205.46 90.87 160.24
6/30/2018 119.55 208.40 90.78 161.84
7/31/2018 126.89 217.46 96.74 171.59
8/31/2018 136.73 234.81 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 investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y 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 09/18/2018

Date 2013 2014 2015 2016 2017
Short Term 1.6941 0.3461 1.8556
Long Term 2.5532 7.8660 7.0818 2.1269 3.5868
Total Amount of Distribution 2.5532 9.5601 7.4279 2.1269 5.4424
Record Date 12/9/13 12/8/14 12/4/15 12/2/16 12/13/17
Ex Div Date 12/10/13 12/9/14 12/7/15 12/5/16 12/14/17
Pay Date 12/11/13 12/9/14 12/7/15 12/5/16 12/14/17

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

Portfolio

Top Issuers

(60.8% of assets as of 08/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
United States 96.9% 100.0% -3.1%
Canada 1.6% - -
United Kingdom 0.9% - -
Belgium 0.4% - -
Developed Markets Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Americas 98.5% 100.0% -1.5%
Europe 1.3% 0.0% 1.3%
Equity Sector Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Information Technology 44.2% 42.3% 1.9%
Consumer Discretionary 18.1% 17.9% 0.2%
Health Care 13.6% 13.7% -0.1%
Industrials 10.4% 11.7% -1.3%
Financials 5.6% 4.3% 1.3%
Consumer Staples 2.8% 5.4% -2.6%
Energy 2.1% 0.9% 1.3%
Materials 1.5% 1.7% -0.2%
Utilities 1.3% - -
Industry Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Software 14.9% 11.1% 3.8%
Internet Software & Services 11.1% 9.3% 1.7%
Internet & Direct Marketing Retail 8.0% 7.9% 0.1%
Technology Hardware Storage & Peripherals 6.5% 8.3% -1.8%
Specialty Retail 6.5% 3.9% 2.7%
IT Services 6.4% 8.2% -1.8%
Biotechnology 5.8% 5.1% 0.7%
Semiconductors & Semiconductor Equipment 4.7% 4.4% 0.3%
Capital Markets 4.6% 2.2% 2.4%
Health Care Providers & Services 4.5% 3.3% 1.2%
Hotels Restaurants & Leisure 3.2% 2.0% 1.2%
Machinery 2.4% 2.1% 0.2%
Oil Gas & Consumable Fuels 2.1% 0.6% 1.5%
Aerospace & Defense 2.0% 3.4% -1.4%
Road & Rail 1.9% 1.2% 0.7%
Airlines 1.6% 0.2% 1.4%
Commercial Services & Supplies 1.5% 0.6% 1.0%
Pharmaceuticals 1.3% 1.9% -0.6%
Health Care Equipment & Supplies 1.3% 2.5% -1.2%
Gas Utilities 1.3% - -
Asset Allocation Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Equity 99.7% 100.0% -0.3%
Market Cap Capital Appreciation Fund Russell 1000® Growth Index Overweight / Underweight
Large 83.5% 86.8% -3.2%
Mid 12.1% 13.1% -1.0%
Small 4.1% 0.2% 4.0%
Analytics
(As of 08/31/2018)

Morningstar 08/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1251
Category
Large Growth
Performance Statistics
3Y
5Y
Alpha
-5.99
-3.47
Beta
1.05
1.04
Information Ratio
-1.68
-0.98
R-Squared
90.62
90.91
Sharpe Ratio
1.08
1.18
Standard Deviation
11.51
11.33
Upside Capture
93.48
95.98
Downside Capture
153.92
125.48
Sortino Ratio
0.56
0.61
Win Ratio
36.00
40.00
Loss Ratio
64.00
60.00
Tracking Error
3.56
3.44
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$315.84 B
$323.33 B
Median Market Cap (weighted)
$95.50 B
$111.38 B
P/E Ratio (LTM)
24.61
26.68
P/E Ratio (NTM)
20.18
21.76
Price/Book
6.00
7.97
Return on Equity
23.50%
22.82%
Turnover Ratio
63%
-
Active Share
60.37%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/14/2017
Per Share ($)
$0.1449
12-Month Distribution ($)
$0.1449
Distribution Sources
  • D
Net Income
1.10%
Net Profit from Sale
82.90%
Other Capital Sources
16.00%
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 investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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 Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
  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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