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Discovery Mid Cap Growth Fund/VA

Overview

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

Inception Date
August 15, 1986
Investment Style
Mid Cap Growth
Fund Index
Russell Midcap® Growth Index
CUSIP
683811509
NAV
  • A
(as of 12/15/2017)
$83.56
Total Assets
(as of 11/30/2017)
$745.00 MM
Gross Expense Ratio
(as of 11/30/2017)
0.84%
Net Expense Ratio
(as of 11/30/2017)
0.80%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 11/30/2017
  • B
as of 09/30/2017
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2017-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (NAV)
20.62% 17.26% 11.46% 13.13% 6.06% 9.39%
Russell Midcap® Growth Index
17.29% 17.82% 9.96% 14.42% 8.70% -
Cumulative
Annualized
ytd as of 2017-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (with sales charge)
20.62% 17.26% 11.46% 13.13% 6.06% 9.39%
Russell Midcap® Growth Index
17.29% 17.82% 9.96% 14.42% 8.70% -
Cumulative
Annualized
ytd as of 2017-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (NAV)
29.23% 27.53% 12.10% 15.36% 7.37% 9.57%
Russell Midcap® Growth Index
24.60% 25.03% 10.00% 15.85% 9.58% -
Cumulative
Annualized
ytd as of 2017-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (with sales charge)
29.23% 27.53% 12.10% 15.36% 7.37% 9.57%
Russell Midcap® Growth Index
24.60% 25.03% 10.00% 15.85% 9.58% -
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 Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index
1987 14.34% -
1988 13.41% -
1989 27.57% -
1990 -16.82% -
1991 54.72% -
1992 15.42% 5.79%
1993 27.32% 12.14%
1994 -7.59% -1.28%
1995 32.52% 33.54%
1996 20.22% 15.07%
1997 11.67% 14.76%
1998 12.36% 3.10%
1999 83.60% 55.48%
2000 -11.24% -16.09%
2001 -31.27% -10.83%
2002 -27.79% -29.09%
2003 25.59% 46.31%
2004 19.78% 14.59%
2005 12.33% 8.17%
2006 2.96% 12.26%
2007 6.33% 9.69%
2008 -49.07% -41.50%
2009 32.61% 41.66%
2010 27.46% 28.86%
2011 1.09% -1.57%
2012 16.45% 16.13%
2013 35.98% 37.06%
2014 5.78% 11.90%
2015 6.61% -0.20%
2016 2.34% 7.33%

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 Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index (Linked Index) MSCI World S&P 500
11/30/2007 0.00 0.00 0.00 0.00
12/31/2007 -0.90 -0.09 -1.29 -0.69
1/31/2008 -9.35 -8.23 -8.83 -6.65
2/29/2008 -11.40 -10.07 -9.36 -9.68
3/31/2008 -14.24 -11.16 -10.23 -10.07
4/30/2008 -7.66 -5.81 -5.51 -5.69
5/31/2008 -3.59 -0.85 -4.07 -4.47
6/30/2008 -10.45 -7.94 -11.72 -12.52
7/31/2008 -14.46 -8.27 -13.88 -13.26
8/31/2008 -12.21 -6.73 -15.09 -12.01
9/30/2008 -25.29 -19.08 -25.19 -19.85
10/31/2008 -43.35 -37.30 -39.37 -33.31
11/30/2008 -51.10 -44.37 -43.30 -38.09
12/31/2008 -49.52 -41.55 -41.48 -37.43
1/31/2009 -51.25 -45.07 -46.60 -42.71
2/28/2009 -55.08 -49.82 -52.07 -48.81
3/31/2009 -51.28 -45.04 -48.46 -44.32
4/30/2009 -47.84 -36.87 -42.67 -39.00
5/31/2009 -46.35 -34.60 -37.48 -35.58
6/30/2009 -45.69 -33.07 -37.76 -35.46
7/31/2009 -42.54 -27.86 -32.49 -30.57
8/31/2009 -41.50 -26.39 -29.70 -28.07
9/30/2009 -37.52 -21.57 -26.90 -25.38
10/31/2009 -39.61 -25.88 -28.20 -26.77
11/30/2009 -37.15 -23.13 -25.27 -22.38
12/31/2009 -33.06 -17.20 -23.93 -20.88
1/31/2010 -36.86 -20.62 -27.07 -23.72
2/28/2010 -33.41 -16.57 -26.04 -21.36
3/31/2010 -29.20 -9.91 -21.46 -16.62
4/30/2010 -26.96 -6.76 -21.45 -15.30
5/31/2010 -32.13 -13.09 -28.98 -22.06
6/30/2010 -36.29 -18.71 -31.41 -26.14
7/31/2010 -32.20 -13.29 -25.85 -20.97
8/31/2010 -34.37 -18.78 -28.62 -24.54
9/30/2010 -26.48 -8.03 -21.96 -17.80
10/31/2010 -23.06 -4.57 -19.05 -14.67
11/30/2010 -18.71 -0.72 -20.80 -14.66
12/31/2010 -14.68 6.69 -14.98 -8.96
1/31/2011 -13.03 7.90 -13.06 -6.80
2/28/2011 -7.64 13.81 -10.01 -3.61
3/31/2011 -3.81 17.18 -10.90 -3.57
4/30/2011 -1.01 21.28 -7.12 -0.71
5/31/2011 -2.90 19.78 -9.04 -1.84
6/30/2011 -2.16 17.63 -10.48 -3.47
7/31/2011 -5.00 13.06 -12.11 -5.44
8/31/2011 -12.56 3.81 -18.30 -10.57
9/30/2011 -20.16 -7.49 -25.35 -16.86
10/31/2011 -10.89 6.80 -17.63 -7.77
11/30/2011 -11.14 6.29 -19.64 -7.98
12/31/2011 -13.75 5.01 -19.69 -7.04
1/31/2012 -8.43 13.11 -15.66 -2.87
2/29/2012 -2.55 18.31 -11.54 1.33
3/31/2012 0.46 20.35 -10.40 4.66
4/30/2012 2.18 19.32 -11.42 4.01
5/31/2012 -4.60 10.33 -19.07 -2.24
6/30/2012 -1.87 13.88 -14.94 1.78
7/31/2012 -3.21 12.75 -13.85 3.20
8/31/2012 0.68 17.10 -11.66 5.52
9/30/2012 2.62 19.82 -9.24 8.25
10/31/2012 -1.15 17.57 -9.85 6.25
11/30/2012 -0.27 19.63 -8.70 6.87
12/31/2012 0.44 21.95 -6.98 7.84
1/31/2013 6.12 30.33 -2.24 13.43
2/28/2013 6.36 31.13 -2.08 14.97
3/31/2013 9.44 36.83 0.21 19.28
4/30/2013 9.55 37.31 3.37 21.58
5/31/2013 11.86 42.95 3.41 24.42
6/30/2013 11.32 41.24 0.86 22.75
7/31/2013 18.87 50.03 6.17 29.00
8/31/2013 19.61 47.18 3.91 25.26
9/30/2013 27.07 54.44 9.11 29.19
10/31/2013 31.74 58.48 13.38 35.13
11/30/2013 32.90 61.99 15.39 39.24
12/31/2013 36.58 67.15 17.84 42.77
1/31/2014 36.40 63.51 13.47 37.83
2/28/2014 46.17 73.79 19.15 44.14
3/31/2014 37.55 70.56 19.32 45.35
4/30/2014 28.08 68.06 20.55 46.42
5/31/2014 30.75 72.63 22.92 49.86
6/30/2014 37.55 78.02 25.12 52.96
7/31/2014 33.41 72.70 23.12 50.85
8/31/2014 40.60 82.01 25.83 56.88
9/30/2014 37.30 76.73 22.42 54.68
10/31/2014 40.78 81.61 23.21 58.46
11/30/2014 44.61 87.57 25.68 62.72
12/31/2014 44.48 87.04 23.65 62.31
1/31/2015 43.47 83.89 21.41 57.44
2/28/2015 54.18 96.55 28.53 66.49
3/31/2015 56.27 97.10 26.51 63.85
4/30/2015 53.48 95.72 29.48 65.43
5/31/2015 58.12 98.04 29.93 67.55
6/30/2015 58.64 94.85 26.91 64.31
7/31/2015 62.67 98.01 29.18 67.75
8/31/2015 53.75 86.49 20.63 57.63
9/30/2015 47.89 79.29 16.19 53.73
10/31/2015 55.05 90.57 25.39 66.70
11/30/2015 56.23 90.99 24.77 67.19
12/31/2015 54.03 86.67 22.58 64.56
1/31/2016 43.10 72.54 15.24 56.39
2/29/2016 40.26 75.24 14.38 56.18
3/31/2016 48.70 87.75 22.15 66.78
4/30/2016 50.02 87.64 24.08 67.42
5/31/2016 55.01 90.71 24.78 70.43
6/30/2016 56.54 90.68 23.38 70.87
7/31/2016 63.28 100.13 28.59 77.17
8/31/2016 62.96 99.54 28.70 77.42
9/30/2016 62.16 99.44 29.38 77.45
10/31/2016 55.39 91.34 26.88 74.22
11/30/2016 59.73 99.66 28.70 80.67
12/31/2016 57.62 100.35 31.78 84.24
1/31/2017 65.00 107.03 34.96 87.73
2/28/2017 70.08 112.98 38.71 95.19
3/31/2017 71.10 114.16 40.18 95.42
4/30/2017 74.39 117.34 42.26 97.42
5/31/2017 81.68 122.53 45.27 100.20
6/30/2017 80.61 123.19 45.83 101.45
7/31/2017 83.67 126.92 49.32 105.59
8/31/2017 86.47 128.52 49.53 106.22
9/30/2017 90.13 134.98 52.88 110.48
10/31/2017 99.27 141.56 55.77 115.39
11/30/2017 103.70 149.63 59.15 121.99

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 12/18/2017

Date 2013 2014 2015 2016 2017
Short Term
Long Term 7.4459 5.9180 8.3865
Total Amount of Distribution 7.4459 5.9180 8.3865
Record Date 6/15/15 6/20/16 6/19/17
Ex Div Date 6/16/15 6/21/16 6/20/17
Pay Date 6/16/15 6/21/16 6/20/17

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

Portfolio

Top Issuers

(30.6% of assets as of 11/30/2017)


Portfolio Holdings Breakdown

Country 4
Developed Markets 4
Equity Sector 4
Industry 4
Asset Allocation 4
Market Cap 5
Country Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
United States 96.1% 99.5% -3.4%
Canada 3.4% - -
Developed Markets Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Americas 99.4% 99.5% 0.0%
Equity Sector Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Information Technology 25.3% 28.0% -2.7%
Industrials 20.3% 16.9% 3.4%
Health Care 15.5% 14.2% 1.3%
Consumer Discretionary 13.8% 17.3% -3.5%
Financials 10.2% 7.2% 3.0%
Materials 6.3% 6.3% 0.0%
Real Estate 3.3% 3.3% 0.0%
Consumer Staples 2.9% 4.0% -1.2%
Energy 1.9% 2.4% -0.6%
Industry Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Software 8.2% 7.2% 0.9%
Hotels Restaurants & Leisure 6.7% 3.6% 3.0%
Health Care Equipment & Supplies 6.6% 4.8% 1.8%
Capital Markets 5.3% 4.4% 0.9%
IT Services 5.1% 8.2% -3.1%
Semiconductors & Semiconductor Equipment 5.0% 6.1% -1.1%
Machinery 5.0% 4.6% 0.3%
Electronic Equipment Instruments & Components 4.8% 3.0% 1.8%
Life Sciences Tools & Services 4.7% 3.0% 1.7%
Chemicals 3.8% 2.5% 1.3%
Equity Real Estate Investment Trusts (REITs) 3.3% 3.2% 0.1%
Commercial Services & Supplies 3.0% 1.1% 1.9%
Banks 2.8% 1.1% 1.8%
Household Durables 2.8% 1.2% 1.6%
Internet Software & Services 2.3% 1.5% 0.8%
Building Products 2.3% 1.5% 0.8%
Insurance 2.1% 1.5% 0.5%
Containers & Packaging 1.9% 2.5% -0.5%
Auto Components 1.8% 1.5% 0.3%
Air Freight & Logistics 1.7% 0.9% 0.8%
Asset Allocation Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Equity 99.4% 100.0% -0.6%
Market Cap Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Mid 73.5% 69.8% 3.6%
Large 25.2% 26.9% -1.7%
Small 0.7% 3.2% -2.5%
Analytics
(As of 11/30/2017)

Morningstar 11/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
86
Category
Mid-Cap Growth
Performance Statistics
3Y
5Y
Alpha
2.69
0.34
Beta
0.92
0.95
Information Ratio
0.50
-0.10
R-Squared
85.93
80.77
Sharpe Ratio
1.07
1.27
Standard Deviation
10.96
11.66
Sortino Ratio
0.52
0.64
Win Ratio
67.00
55.00
Loss Ratio
33.00
45.00
Tracking Error
4.20
5.13
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/20/2017
Per Share ($)
$0.0255
12-Month Distribution ($)
$0.0255
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$15.80 B
$15.70 B
Median Market Cap (weighted)
$12.70 B
$13.50 B
P/E Ratio (LTM)
32.03
28.98
P/E Ratio (NTM)
23.78
21.88
Price/Book
4.97
6.07
Return on Equity
17.15%
18.68%
Turnover Ratio
141.00%
-
Distribution Sources
  • D
Net Income
0.00%
Net Profit from Sale
50.50%
Other Capital Sources
49.50%
Documents
  1. 1. Special Risks: Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. Investments in securities of growth companies may be volatile. Mid-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 mid-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. Access index definitions.
  4. 4. 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.
  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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