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Domestic Equity

Discovery Mid Cap Growth Fund/VA

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

Investment Style
Mid Cap Growth
Fund Inception
October 16, 2000
Total Assets (all classes) (as of 7/31/2017)
$698 million
Fund Index
Russell Midcap Growth
NAV (as of 8/16/17)
  • A
$72.40

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 7/31/2017
  • B
as of 6/30/2017
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 8/16/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (NAV)
16.44% 15.09% 9.24% 12.70% 5.77% 0.91%
Cumulative
Annualized
ytd as of 8/16/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (with sales charge)
16.44% 15.09% 9.24% 12.70% 5.77% 0.91%
Cumulative
Annualized
ytd as of 8/16/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (NAV)
16.44% 12.22% 10.96% 13.39% 6.25% 1.00%
Cumulative
Annualized
ytd as of 8/16/17
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (with sales charge)
16.44% 12.22% 10.96% 13.39% 6.25% 1.00%
Gross Expense Ratio: 1.09% | Net Expense Ratio: 1.05%

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
2000 0.00% -16.09%
2001 -31.31% -10.83%
2002 -28.05% -29.09%
2003 25.44% 46.31%
2004 19.43% 14.59%
2005 11.99% 8.17%
2006 2.70% 12.26%
2007 6.04% 9.69%
2008 -49.21% -41.50%
2009 32.26% 41.66%
2010 27.16% 28.86%
2011 0.83% -1.57%
2012 16.17% 16.13%
2013 35.62% 37.06%
2014 5.53% 11.90%
2015 6.35% -0.20%
2016 2.08% 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
7/31/2007 0.00 0.00 0.00 0.00
8/31/2007 1.75 1.53 -0.08 1.50
9/30/2007 8.02 5.06 4.68 5.29
10/31/2007 8.19 9.41 7.89 6.97
11/30/2007 2.30 2.95 3.48 2.50
12/31/2007 1.35 2.86 2.14 1.79
1/31/2008 -7.31 -5.52 -5.66 -4.32
2/29/2008 -9.43 -7.42 -6.21 -7.43
3/31/2008 -12.36 -8.54 -7.11 -7.83
4/30/2008 -5.64 -3.03 -2.23 -3.34
5/31/2008 -1.50 2.08 -0.74 -2.09
6/30/2008 -8.55 -5.23 -8.65 -10.34
7/31/2008 -12.65 -5.56 -10.88 -11.09
8/31/2008 -10.38 -3.98 -12.14 -9.81
9/30/2008 -23.75 -16.69 -22.59 -17.84
10/31/2008 -42.20 -35.45 -37.26 -31.64
11/30/2008 -50.10 -42.73 -41.33 -36.55
12/31/2008 -48.52 -39.83 -39.44 -35.87
1/31/2009 -50.28 -43.45 -44.75 -41.28
2/28/2009 -54.20 -48.34 -50.40 -47.53
3/31/2009 -50.35 -43.42 -46.66 -42.93
4/30/2009 -46.85 -35.00 -40.68 -37.47
5/31/2009 -45.36 -32.67 -35.31 -33.97
6/30/2009 -44.70 -31.09 -35.60 -33.84
7/31/2009 -41.50 -25.74 -30.14 -28.84
8/31/2009 -40.45 -24.22 -27.26 -26.27
9/30/2009 -36.39 -19.26 -24.36 -23.52
10/31/2009 -38.55 -23.70 -25.71 -24.94
11/30/2009 -36.07 -20.87 -22.67 -20.44
12/31/2009 -31.92 -14.76 -21.28 -18.90
1/31/2010 -35.80 -18.28 -24.54 -21.82
2/28/2010 -32.30 -14.11 -23.47 -19.40
3/31/2010 -28.01 -7.26 -18.73 -14.53
4/30/2010 -25.79 -4.01 -18.72 -13.18
5/31/2010 -31.04 -10.53 -26.51 -20.12
6/30/2010 -35.27 -16.32 -29.03 -24.30
7/31/2010 -31.14 -10.73 -23.27 -18.99
8/31/2010 -33.35 -16.39 -26.14 -22.65
9/30/2010 -25.37 -5.31 -19.25 -15.75
10/31/2010 -21.90 -1.75 -16.24 -12.54
11/30/2010 -17.50 2.21 -18.05 -12.53
12/31/2010 -13.43 9.84 -12.02 -6.68
1/31/2011 -11.77 11.08 -10.04 -4.47
2/28/2011 -6.34 17.17 -6.89 -1.20
3/31/2011 -2.46 20.64 -7.80 -1.16
4/30/2011 0.34 24.85 -3.89 1.77
5/31/2011 -1.58 23.32 -5.88 0.61
6/30/2011 -0.86 21.10 -7.37 -1.06
7/31/2011 -3.75 16.40 -9.05 -3.07
8/31/2011 -11.43 6.87 -15.46 -8.34
9/30/2011 -19.16 -4.76 -22.76 -14.78
10/31/2011 -9.77 9.95 -14.77 -5.47
11/30/2011 -10.06 9.43 -16.85 -5.68
12/31/2011 -12.70 8.11 -16.90 -4.71
1/31/2012 -7.35 16.44 -12.73 -0.44
2/29/2012 -1.41 21.80 -8.46 3.86
3/31/2012 1.62 23.90 -7.29 7.28
4/30/2012 3.33 22.84 -8.34 6.61
5/31/2012 -3.54 13.59 -16.25 0.20
6/30/2012 -0.82 17.24 -11.98 4.33
7/31/2012 -2.19 16.07 -10.85 5.78
8/31/2012 1.71 20.56 -8.59 8.16
9/30/2012 3.68 23.36 -6.08 10.95
10/31/2012 -0.17 21.04 -6.72 8.90
11/30/2012 0.70 23.16 -5.52 9.54
12/31/2012 1.41 25.55 -3.75 10.53
1/31/2013 7.12 34.17 1.16 16.26
2/28/2013 7.33 35.00 1.32 17.84
3/31/2013 10.42 40.87 3.70 22.26
4/30/2013 10.49 41.36 6.96 24.61
5/31/2013 12.80 47.17 7.00 27.53
6/30/2013 12.25 45.41 4.37 25.82
7/31/2013 19.82 54.46 9.86 32.22
8/31/2013 20.53 51.52 7.52 28.39
9/30/2013 28.05 58.99 12.90 32.41
10/31/2013 32.74 63.16 17.32 38.50
11/30/2013 33.86 66.76 19.41 42.72
12/31/2013 37.54 72.08 21.93 46.34
1/31/2014 37.33 68.34 17.42 41.28
2/28/2014 47.13 78.91 23.29 47.74
3/31/2014 38.43 75.59 23.47 48.98
4/30/2014 28.87 73.02 24.74 50.08
5/31/2014 31.54 77.72 27.19 53.60
6/30/2014 38.34 83.27 29.47 56.78
7/31/2014 34.16 77.80 27.40 54.62
8/31/2014 41.36 87.38 30.21 60.80
9/30/2014 38.01 81.94 26.67 58.55
10/31/2014 41.48 86.96 27.49 62.42
11/30/2014 45.29 93.11 30.05 66.79
12/31/2014 45.13 92.56 27.95 66.37
1/31/2015 44.09 89.32 25.63 61.37
2/28/2015 54.81 102.35 32.99 70.65
3/31/2015 56.88 102.92 30.91 67.95
4/30/2015 54.07 101.49 33.98 69.56
5/31/2015 58.67 103.88 34.44 71.74
6/30/2015 59.17 100.60 31.32 68.41
7/31/2015 63.16 103.85 33.67 71.94
8/31/2015 54.18 91.99 24.83 61.57
9/30/2015 48.29 84.57 20.22 57.57
10/31/2015 55.43 96.19 29.75 70.86
11/30/2015 56.58 96.62 29.11 71.37
12/31/2015 54.35 92.17 26.84 68.67
1/31/2016 43.36 77.63 19.25 60.30
2/29/2016 40.50 80.41 18.36 60.08
3/31/2016 48.91 93.29 26.39 70.94
4/30/2016 50.19 93.17 28.39 71.60
5/31/2016 55.16 96.34 29.11 74.69
6/30/2016 56.67 96.31 27.67 75.14
7/31/2016 63.37 106.03 33.06 81.60
8/31/2016 63.02 105.43 33.17 81.85
9/30/2016 62.19 105.32 33.88 81.89
10/31/2016 55.40 96.98 31.29 78.57
11/30/2016 59.69 105.54 33.18 85.18
12/31/2016 57.56 106.26 36.36 88.84
1/31/2017 64.89 113.14 39.65 92.42
2/28/2017 69.92 119.26 43.53 100.06
3/31/2017 70.92 120.48 45.06 100.30
4/30/2017 74.17 123.75 47.21 102.35
5/31/2017 81.43 129.09 50.32 105.20
6/30/2017 80.31 129.77 50.90 106.48
7/31/2017 83.33 133.61 54.51 110.73

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 8/16/2017

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.

Analytics

(As of 7/31/2017)

Morningstar 7/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
88
Category
Mid-Cap Growth
Performance Statistics
3Y
5Y
Alpha
2.07
-0.84
Information Ratio
0.36
-0.32
Sharpe Ratio
0.96
1.11
R-Squared
88.31
81.64
Standard Deviation
11.24
11.80
Sortino Ratio
0.47
0.55
Win Ratio
64.00
53.00
Loss Ratio
36.00
47.00
Beta
0.92
0.96
Tracking Error
3.96
5.07
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/20/2017
Per Share ($)
$0.00
Net Income
0.00%
Net Profit from Sale
50.50%
Other Capital Sources
49.50%
12-Month Distribution ($)
$0.00
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$14.80 B
$14.00 B
Median Market Cap (weighted)
$13.20 B
$12.40 B
Trailing P/E
31.94
27.89
Forward P/E
24.40
21.02
Price/Book
5.32
6.01
Return on Equity
17.03%
18.76%
Turnover Ratio
141.00%
-

Top Issuers

(30.8% of assets as of 07/31/17)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap
Country Discovery Mid Cap Growth Fund/VA Russell Midcap Growth Overweight / Underweight
United States 93.2% 99.5% -6.3%
Canada 3.6% - -
Developed Markets Discovery Mid Cap Growth Fund/VA Russell Midcap Growth Overweight / Underweight
Americas 96.8% 99.5% -2.7%
Equity Sector Discovery Mid Cap Growth Fund/VA Russell Midcap Growth Overweight / Underweight
Information Technology 22.6% 27.2% -4.6%
Industrials 19.0% 16.7% 2.4%
Health Care 16.7% 14.9% 1.8%
Consumer Discretionary 15.4% 17.3% -2.0%
Financials 9.0% 7.1% 1.9%
Materials 6.3% 6.5% -0.2%
Real Estate 3.3% 3.4% -0.1%
Consumer Staples 2.9% 4.4% -1.5%
Energy 1.6% 2.3% -0.7%
Industry Discovery Mid Cap Growth Fund/VA Russell Midcap Growth Overweight / Underweight
Hotels Restaurants & Leisure 8.2% 3.6% 4.6%
Software 7.9% 7.1% 0.7%
Health Care Equipment & Supplies 7.2% 4.8% 2.4%
IT Services 5.0% 8.0% -3.0%
Semiconductors & Semiconductor Equipment 4.9% 6.0% -1.2%
Capital Markets 4.1% 4.2% -0.1%
Machinery 3.5% 4.7% -1.1%
Life Sciences Tools & Services 3.5% 2.8% 0.7%
Equity Real Estate Investment Trusts (REITs) 3.3% 3.2% 0.1%
Electronic Equipment Instruments & Components 3.3% 2.7% 0.6%
Building Products 3.1% 1.4% 1.7%
Commercial Services & Supplies 3.1% 1.1% 2.1%
Chemicals 2.9% 2.5% 0.4%
Professional Services 2.8% 1.9% 0.9%
Banks 2.8% 1.1% 1.7%
Containers & Packaging 2.3% 2.6% -0.3%
Biotechnology 2.1% 3.3% -1.2%
Household Durables 1.8% 1.1% 0.7%
Distributors 1.7% 0.4% 1.3%
Food Products 1.6% 1.8% -0.2%
Asset Allocation Discovery Mid Cap Growth Fund/VA Russell Midcap Growth Overweight / Underweight
Equity 96.8% 100.0% -3.2%
Market Cap Discovery Mid Cap Growth Fund/VA Russell Midcap Growth Overweight / Underweight
Mid 74.4% 71.7% 2.7%
Large 22.4% 24.3% -1.9%
  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. 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. ↩
  5. 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. ↩
  6. 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. ↩
  7. D. There is no guarantee of the payment of any dividend or other distributions at any level. ↩
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