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Discovery Mid Cap Growth Fund/VA

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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 03/20/2019)
$80.56
Total Assets
(as of 02/28/2019)
$704.76 MM
Gross Expense Ratio
(as of 02/28/2019)
0.86%
Net Expense Ratio
(as of 02/28/2019)
0.80%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 02/28/2019
  • B
as of 12/31/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (NAV)
-6.08% -6.08% 7.37% 6.90% 14.21% 9.02%
Russell Midcap® Growth Index
-4.75% -4.75% 8.59% 7.42% 15.13% 3.10%
Cumulative
Annualized
ytd as of 2018-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (with sales charge)
-6.08% -6.08% 7.37% 6.90% 14.21% 9.02%
Russell Midcap® Growth Index
-4.75% -4.75% 8.59% 7.42% 15.13% 3.10%
Cumulative
Annualized
ytd as of 2019-02-28
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (NAV)
15.82% 6.19% 16.35% 8.60% 17.26% 9.46%
Russell Midcap® Growth Index
18.03% 9.85% 17.20% 10.18% 18.85% 3.61%
Cumulative
Annualized
ytd as of 2019-02-28
  • C
1 yr 3 yr 5 yr 10 yr since inception
Discovery Mid Cap Growth Fund/VA (with sales charge)
15.82% 6.19% 16.35% 8.60% 17.26% 9.46%
Russell Midcap® Growth Index
18.03% 9.85% 17.20% 10.18% 18.85% 3.61%
Gross Expense Ratio: 0.86% | 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% -8.01%
1993 27.32% 14.89%
1994 -7.59% -5.19%
1995 32.52% 12.71%
1996 20.22% 2.82%
1997 11.67% 2.27%
1998 12.36% -7.70%
1999 83.60% 2.48%
2000 -11.24% -12.30%
2001 -31.27% -11.29%
2002 -27.79% 0.07%
2003 25.59% -0.87%
2004 19.78% -0.18%
2005 12.33% 5.50%
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%
2017 28.79% 25.27%
2018 -6.08% -4.75%

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
2/28/2009 0.00 0.00 0.00 0.00
3/31/2009 8.45 9.53 7.54 8.76
4/30/2009 16.12 25.82 19.60 19.17
5/31/2009 19.42 30.34 30.44 25.83
6/30/2009 20.89 33.40 29.85 26.08
7/31/2009 27.91 43.76 40.85 35.62
8/31/2009 30.23 46.69 46.66 40.52
9/30/2009 39.09 56.30 52.51 45.76
10/31/2009 34.43 47.71 49.79 43.05
11/30/2009 39.90 53.19 55.92 51.63
12/31/2009 49.00 65.00 58.72 54.56
1/31/2010 40.55 58.20 52.16 49.00
2/28/2010 48.23 66.26 54.30 53.62
3/31/2010 57.61 79.54 63.86 62.89
4/30/2010 62.59 85.83 63.88 65.46
5/31/2010 51.08 73.20 48.18 52.25
6/30/2010 41.82 62.00 43.10 44.28
7/31/2010 50.92 72.81 54.70 54.39
8/31/2010 46.10 61.86 48.93 47.42
9/30/2010 63.65 83.30 62.81 60.57
10/31/2010 71.28 90.19 68.88 66.68
11/30/2010 80.95 97.86 65.24 66.70
12/31/2010 89.92 112.63 77.39 77.84
1/31/2011 93.59 115.04 81.39 82.06
2/28/2011 105.59 126.82 87.74 88.30
3/31/2011 114.12 133.54 85.89 88.37
4/30/2011 120.36 141.70 93.79 93.95
5/31/2011 116.16 138.72 89.77 91.76
6/30/2011 117.79 134.43 86.77 88.56
7/31/2011 111.46 125.33 83.38 84.72
8/31/2011 94.66 106.88 70.46 74.69
9/30/2011 77.72 84.37 55.74 62.41
10/31/2011 98.37 112.85 71.85 80.16
11/30/2011 97.80 111.83 67.65 79.76
12/31/2011 92.00 109.29 67.56 81.60
1/31/2012 103.84 125.41 75.97 89.74
2/29/2012 116.93 135.77 84.56 97.94
3/31/2012 123.62 139.85 86.93 104.46
4/30/2012 127.46 137.80 84.81 103.17
5/31/2012 112.36 119.88 68.86 90.96
6/30/2012 118.44 126.95 77.46 98.83
7/31/2012 115.46 124.70 79.74 101.59
8/31/2012 124.11 133.38 84.30 106.13
9/30/2012 128.44 138.80 89.36 111.46
10/31/2012 120.03 134.31 88.08 107.56
11/30/2012 121.99 138.42 90.49 108.76
12/31/2012 123.58 143.04 94.08 110.66
1/31/2013 136.23 159.74 103.96 121.57
2/28/2013 136.76 161.34 104.30 124.58
3/31/2013 143.61 172.69 109.08 133.00
4/30/2013 143.86 173.65 115.67 137.49
5/31/2013 149.00 184.89 115.75 143.05
6/30/2013 147.81 181.49 110.43 139.79
7/31/2013 164.62 199.00 121.51 151.99
8/31/2013 166.25 193.31 116.80 144.69
9/30/2013 182.86 207.78 127.64 152.36
10/31/2013 193.26 215.85 136.55 163.96
11/30/2013 195.83 222.82 140.75 172.01
12/31/2013 204.04 233.12 145.85 178.89
1/31/2014 203.63 225.87 136.74 169.25
2/28/2014 225.38 246.34 148.59 181.57
3/31/2014 206.20 239.92 148.95 183.93
4/30/2014 185.10 234.93 151.50 186.03
5/31/2014 191.06 244.03 156.45 192.75
6/30/2014 206.20 254.79 161.04 198.79
7/31/2014 196.98 244.19 156.87 194.67
8/31/2014 212.97 262.73 162.53 206.46
9/30/2014 205.63 252.20 155.41 202.16
10/31/2014 213.38 261.93 157.06 209.54
11/30/2014 221.91 273.82 162.21 217.87
12/31/2014 221.62 272.76 157.99 217.07
1/31/2015 219.38 266.48 153.31 207.55
2/28/2015 243.21 291.71 168.15 225.23
3/31/2015 247.86 292.81 163.95 220.08
4/30/2015 241.66 290.05 170.14 223.15
5/31/2015 251.98 294.69 171.08 227.31
6/30/2015 253.13 288.33 164.77 220.97
7/31/2015 262.10 294.62 169.52 227.70
8/31/2015 242.24 271.66 151.69 207.93
9/30/2015 229.22 257.30 142.41 200.31
10/31/2015 245.14 279.79 161.61 225.64
11/30/2015 247.78 280.62 160.31 226.61
12/31/2015 242.87 272.02 155.74 221.46
1/31/2016 218.55 243.86 140.44 205.50
2/29/2016 212.22 249.25 138.65 205.09
3/31/2016 231.00 274.17 154.84 225.79
4/30/2016 233.95 273.95 158.88 227.05
5/31/2016 245.05 280.08 160.33 232.93
6/30/2016 248.46 280.02 157.41 233.79
7/31/2016 263.48 298.84 168.29 246.09
8/31/2016 262.75 297.67 168.51 246.58
9/30/2016 260.97 297.47 169.94 246.65
10/31/2016 245.90 281.32 164.71 240.32
11/30/2016 255.56 297.90 168.52 252.93
12/31/2016 250.87 299.28 174.94 259.90
1/31/2017 267.29 312.59 181.58 266.73
2/28/2017 278.59 324.46 189.39 281.29
3/31/2017 280.86 326.81 192.48 281.73
4/30/2017 288.20 333.14 196.81 285.65
5/31/2017 304.43 343.48 203.08 291.08
6/30/2017 302.04 344.80 204.25 293.52
7/31/2017 308.85 352.23 211.53 301.61
8/31/2017 315.08 355.42 211.97 302.84
9/30/2017 323.24 368.30 218.97 311.15
10/31/2017 343.57 381.40 225.00 320.75
11/30/2017 353.45 397.49 232.04 333.65
12/31/2017 351.89 400.17 236.53 338.47
1/31/2018 379.96 428.47 254.30 363.58
2/28/2018 362.89 411.88 239.62 346.49
3/31/2018 362.68 411.05 232.22 335.15
4/30/2018 362.62 406.22 236.04 336.82
5/31/2018 381.57 425.16 238.15 347.33
6/30/2018 379.86 427.18 237.98 350.09
7/31/2018 389.20 438.50 248.54 366.84
8/31/2018 422.95 469.54 252.85 382.05
9/30/2018 421.96 467.12 254.82 384.79
10/31/2018 360.88 410.96 228.76 351.66
11/30/2018 364.71 423.95 232.50 360.86
12/31/2018 324.41 376.41 207.22 319.25
1/31/2019 364.41 431.16 231.12 352.85
2/28/2019 391.55 462.30 241.08 367.39

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 03/21/2019

Date 2014 2015 2016 2017 2018
Short Term 2.8462
Long Term 7.4459 5.9180 8.3865 9.4502
Total Amount of Distribution 7.4459 5.9180 8.3865 12.2964
Record Date 6/15/15 6/20/16 6/19/17 6/18/18
Ex Div Date 6/16/15 6/21/16 6/20/17 6/19/18
Pay Date 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

(37.6% of assets as of 02/28/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
United States 97.6% 100.0% -2.3%
Canada 0.6% - -
Developed Markets Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Americas 98.2% 100.0% -1.7%
Equity Sector Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Information Technology 29.5% 33.2% -3.7%
Industrials 16.9% 15.9% 1.1%
Consumer Discretionary 16.4% 16.2% 0.3%
Health Care 16.4% 14.2% 2.2%
Financials 6.8% 6.6% 0.1%
Consumer Staples 4.2% 2.9% 1.3%
Materials 2.8% 3.6% -0.8%
Communication Services 2.1% 3.8% -1.7%
Real Estate 2.0% 2.2% -0.2%
Energy 1.2% 1.4% -0.3%
Industry Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Software 10.9% 12.7% -1.9%
IT Services 7.9% 8.0% -0.1%
Health Care Equipment & Supplies 7.8% 5.3% 2.4%
Specialty Retail 6.1% 4.8% 1.3%
Semiconductors & Semiconductor Equipment 5.0% 6.2% -1.2%
Life Sciences Tools & Services 4.9% 1.7% 3.1%
Professional Services 4.8% 2.0% 2.8%
Commercial Services & Supplies 4.4% 1.4% 3.0%
Hotels Restaurants & Leisure 3.8% 3.6% 0.2%
Electronic Equipment Instruments & Components 3.6% 2.5% 1.1%
Insurance 3.5% 0.4% 3.1%
Capital Markets 2.8% 4.6% -1.8%
Health Care Providers & Services 2.6% 2.3% 0.2%
Food Products 2.5% 1.0% 1.5%
Industrial Conglomerates 2.4% 0.2% 2.2%
Textiles Apparel & Luxury Goods 2.3% 2.0% 0.3%
Aerospace & Defense 2.0% 2.5% -0.5%
Machinery 1.8% 4.0% -2.2%
Diversified Consumer Services 1.6% 0.8% 0.8%
Containers & Packaging 1.5% 1.2% 0.3%
Asset Allocation Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Equity 98.2% 100.0% -1.8%
Market Cap Discovery Mid Cap Growth Fund/VA Russell Midcap® Growth Index Overweight / Underweight
Mid 53.8% 51.1% 2.6%
Large 44.5% 47.7% -3.2%
Analytics
(As of 02/28/2019)

Morningstar 02/28/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
84
Category
Mid-Cap Growth
Performance Statistics
3Y
5Y
Alpha
-0.53
-1.27
Beta
0.99
0.99
Information Ratio
-0.24
-0.32
R-Squared
93.22
87.98
Sharpe Ratio
1.07
0.61
Standard Deviation
14.04
14.10
Sortino Ratio
1.63
0.89
Win Ratio
53.00
55.00
Loss Ratio
47.00
45.00
Tracking Error
3.67
4.89
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$16.87 B
$17.07 B
Median Market Cap (weighted)
$15.18 B
$15.42 B
P/E Ratio (LTM)
32.41
26.84
P/E Ratio (NTM)
25.75
21.82
Price/Book
6.66
6.57
Return on Equity
14.02%
20.32%
Turnover Ratio
104%
-
Active Share
74.28%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.0000
12-Month Distribution ($)
$0.0000
Distribution Sources
  • D
Net Income
0.00%
Net Profit from Sale
100.00%
Other Capital Sources
0.00%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. 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. The index returns are made up of the returns of (i) the Russell 2500™ Growth Index from November, 1, 2000 through June 30, 2013, and (ii) the Russell Midcap® Growth Index from July 1, 2013 to present.  Index performance includes total returns from when first available. The Russell Midcap® Growth Index measures the performance of the mid-cap growth segment of the U.S. equity universe. It includes those Russell Midcap® Index companies with higher price-to-book ratios and higher forecasted growth values. The Russell 2500™ Growth Index measures the performance of the small to mid-cap growth segment of the U.S. equity universe. It includes those Russell 2500 companies with higher price-to-book ratios and higher forecasted growth values. 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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