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Global Fund/VA

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Overview

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

Inception Date
November 12, 1990
Investment Style
Global Equity
Fund Index
MSCI ACWI
CUSIP
683811707
NAV
  • A
(as of 01/18/2019)
$40.88
Total Assets
(as of 12/31/2018)
$2.07 BN
Gross Expense Ratio
(as of 12/31/2018)
0.78%
Net Expense Ratio
(as of 12/31/2018)
0.78%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 12/31/2018
  • 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
Global Fund/VA (NAV)
-13.18% -13.18% 5.90% 4.77% 11.23% 9.41%
MSCI ACWI
-9.42% -9.42% 6.60% 4.26% 9.46% -
Cumulative
Annualized
ytd as of 2018-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Fund/VA (with sales charge)
-13.18% -13.18% 5.90% 4.77% 11.23% 9.41%
MSCI ACWI
-9.42% -9.42% 6.60% 4.26% 9.46% -
Cumulative
Annualized
ytd as of 2018-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Fund/VA (NAV)
-13.18% -13.18% 5.90% 4.77% 11.23% 9.41%
MSCI ACWI
-9.42% -9.42% 6.60% 4.26% 9.46% -
Cumulative
Annualized
ytd as of 2018-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Fund/VA (with sales charge)
-13.18% -13.18% 5.90% 4.77% 11.23% 9.41%
MSCI ACWI
-9.42% -9.42% 6.60% 4.26% 9.46% -
Gross Expense Ratio: 0.78% | Net Expense Ratio: 0.78%

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 Global Fund/VA MSCI ACWI
1991 3.39% -
1992 -7.11% -
1993 70.32% -
1994 -5.72% -
1995 2.24% -
1996 17.80% -
1997 22.42% -
1998 14.11% -
1999 58.48% -
2000 5.09% -
2001 -12.04% -16.21%
2002 -22.13% -19.32%
2003 43.02% 33.99%
2004 19.16% 15.23%
2005 14.31% 10.84%
2006 17.69% 20.95%
2007 6.32% 11.66%
2008 -40.19% -42.19%
2009 39.77% 34.63%
2010 15.96% 12.67%
2011 -8.29% -7.35%
2012 21.27% 16.13%
2013 27.31% 22.80%
2014 2.29% 4.16%
2015 3.94% -2.36%
2016 0.08% 7.86%
2017 36.66% 23.97%
2018 -13.18% -9.42%

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 Global Fund/VA MSCI ACWI S&P 500
12/31/2008 0.00 0.00 0.00
1/31/2009 -8.36 -8.54 -8.43
2/28/2009 -15.93 -17.50 -18.18
3/31/2009 -8.65 -10.70 -11.01
4/30/2009 1.53 -0.16 -2.49
5/31/2009 12.71 9.79 2.96
6/30/2009 12.18 9.17 3.16
7/31/2009 23.37 18.78 10.97
8/31/2009 26.85 23.03 14.97
9/30/2009 33.28 28.67 19.26
10/31/2009 30.96 26.68 17.05
11/30/2009 37.08 31.89 24.07
12/31/2009 39.77 34.63 26.46
1/31/2010 35.66 28.81 21.92
2/28/2010 37.82 30.45 25.69
3/31/2010 48.01 38.84 33.28
4/30/2010 47.37 39.07 35.38
5/31/2010 33.04 25.89 24.57
6/30/2010 29.02 22.01 18.05
7/31/2010 40.95 31.94 26.32
8/31/2010 34.64 27.33 20.62
9/30/2010 48.76 39.51 31.38
10/31/2010 54.81 44.55 36.38
11/30/2010 51.65 41.33 36.40
12/31/2010 62.08 51.68 45.51
1/31/2011 66.26 54.06 48.96
2/28/2011 72.35 58.55 54.07
3/31/2011 71.38 58.39 54.13
4/30/2011 81.07 64.87 58.69
5/31/2011 77.23 61.33 56.90
6/30/2011 74.31 58.79 54.28
7/31/2011 67.92 56.20 51.14
8/31/2011 54.44 44.79 42.93
9/30/2011 39.44 31.12 32.89
10/31/2011 55.79 45.17 47.41
11/30/2011 51.35 40.82 47.08
12/31/2011 48.65 40.54 48.59
1/31/2012 56.17 48.71 55.25
2/29/2012 64.45 56.19 61.96
3/31/2012 69.33 57.23 67.29
4/30/2012 64.67 55.43 66.24
5/31/2012 48.97 41.50 56.25
6/30/2012 55.89 48.48 62.69
7/31/2012 56.94 50.52 64.95
8/31/2012 62.87 53.79 68.66
9/30/2012 67.91 58.63 73.02
10/31/2012 69.57 57.58 69.82
11/30/2012 74.72 59.59 70.81
12/31/2012 80.26 63.21 72.37
1/31/2013 91.66 70.72 81.29
2/28/2013 90.17 70.70 83.76
3/31/2013 93.21 73.82 90.65
4/30/2013 99.75 78.78 94.32
5/31/2013 99.20 78.29 98.87
6/30/2013 94.60 73.08 96.19
7/31/2013 105.33 81.37 106.18
8/31/2013 99.04 77.59 100.21
9/30/2013 113.13 86.76 106.49
10/31/2013 119.09 94.27 115.98
11/30/2013 124.31 97.02 122.56
12/31/2013 129.48 100.42 128.19
1/31/2014 121.05 92.40 120.30
2/28/2014 133.52 101.70 130.38
3/31/2014 130.99 102.59 132.32
4/30/2014 129.93 104.52 134.03
5/31/2014 136.55 108.87 139.53
6/30/2014 139.97 112.81 144.48
7/31/2014 133.49 110.22 141.10
8/31/2014 139.31 114.87 150.75
9/30/2014 135.21 107.90 147.23
10/31/2014 135.69 109.36 153.27
11/30/2014 141.33 112.87 160.08
12/31/2014 134.74 108.76 159.43
1/31/2015 133.73 105.49 151.64
2/28/2015 151.08 116.94 166.10
3/31/2015 152.09 113.57 161.89
4/30/2015 154.11 119.77 164.41
5/31/2015 160.05 119.48 167.81
6/30/2015 158.89 114.32 162.62
7/31/2015 163.83 116.18 168.13
8/31/2015 143.67 101.36 151.95
9/30/2015 131.28 94.06 145.71
10/31/2015 149.90 109.29 166.44
11/30/2015 147.85 107.57 167.23
12/31/2015 143.99 103.82 163.02
1/31/2016 120.81 91.53 149.97
2/29/2016 114.84 90.21 149.63
3/31/2016 128.07 104.31 166.56
4/30/2016 132.05 107.32 167.60
5/31/2016 132.69 107.59 172.40
6/30/2016 124.04 106.33 173.11
7/31/2016 137.85 115.22 183.18
8/31/2016 141.48 115.94 183.58
9/30/2016 143.71 117.27 183.63
10/31/2016 140.36 113.58 178.46
11/30/2016 142.94 115.20 188.77
12/31/2016 144.20 119.85 194.48
1/31/2017 153.82 125.86 200.06
2/28/2017 163.58 132.20 211.98
3/31/2017 169.51 135.04 212.34
4/30/2017 180.66 138.70 215.55
5/31/2017 188.40 143.97 219.99
6/30/2017 192.91 145.08 221.98
7/31/2017 200.79 151.93 228.61
8/31/2017 203.68 152.90 229.61
9/30/2017 211.00 157.78 236.41
10/31/2017 222.47 163.14 244.26
11/30/2017 230.00 168.23 254.82
12/31/2017 233.73 172.56 258.76
1/31/2018 258.92 187.93 279.31
2/28/2018 242.38 175.84 265.33
3/31/2018 233.73 169.93 256.04
4/30/2018 236.12 172.51 257.41
5/31/2018 241.33 172.85 266.01
6/30/2018 240.15 171.38 268.27
7/31/2018 249.52 179.56 281.97
8/31/2018 251.28 181.76 294.42
9/30/2018 244.49 182.98 296.66
10/31/2018 211.55 161.78 269.55
11/30/2018 213.99 165.60 277.08
12/31/2018 189.74 146.89 243.03

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 01/20/2019

Date 2014 2015 2016 2017 2018
Short Term 0.0611
Long Term 1.8632 2.7140 2.3742 3.3331
Total Amount of Distribution 1.8632 2.7140 2.4352 3.3331
Record Date 6/16/14 6/15/15 6/20/16 6/18/18
Ex Div Date 6/17/14 6/16/15 6/21/16 6/19/18
Pay Date 6/18/14 6/16/15 6/21/16 6/19/18

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

Portfolio

Top Issuers

(51.9% of assets as of 12/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Global Fund/VA MSCI ACWI Overweight / Underweight
United States 49.8% 54.4% -4.7%
Japan 13.3% 7.6% 5.7%
France 9.7% 3.4% 6.3%
Germany 8.0% 2.7% 5.2%
United Kingdom 5.6% 5.2% 0.4%
India 3.7% 1.1% 2.6%
Switzerland 2.3% 2.7% -0.4%
China 2.1% 3.6% -1.5%
Spain 1.9% 1.0% 0.9%
Sweden 1.8% 0.8% 1.0%
Denmark 0.5% 0.5% 0.0%
Italy 0.3% 0.7% -0.4%
Developed Markets Global Fund/VA MSCI ACWI Overweight / Underweight
Americas 49.8% 57.4% -7.6%
Europe 30.1% 19.2% 10.9%
Asia Pacific 13.3% 11.4% 1.9%
Emerging Markets Global Fund/VA MSCI ACWI Overweight / Underweight
Asia Pacific 5.7% 8.7% -3.0%
Equity Sector Global Fund/VA MSCI ACWI Overweight / Underweight
Information Technology 19.2% 14.8% 4.3%
Industrials 15.2% 10.3% 4.9%
Financials 15.1% 17.2% -2.1%
Consumer Discretionary 15.0% 10.4% 4.6%
Health Care 14.3% 12.1% 2.2%
Communication Services 13.2% 9.0% 4.2%
Consumer Staples 4.1% 8.4% -4.4%
Real Estate 2.1% 3.2% -1.1%
Energy 0.7% 6.2% -5.5%
Industry Global Fund/VA MSCI ACWI Overweight / Underweight
Interactive Media & Services 10.2% 3.3% 6.9%
Software 8.0% 3.9% 4.2%
Biotechnology 7.8% 1.7% 6.1%
Capital Markets 6.2% 2.5% 3.7%
Textiles Apparel & Luxury Goods 6.0% 1.2% 4.8%
Electronic Equipment Instruments & Components 5.9% 1.0% 4.9%
Banks 4.9% 9.3% -4.4%
Insurance 4.1% 3.8% 0.3%
Health Care Providers & Services 3.7% 1.9% 1.8%
Aerospace & Defense 3.3% 1.8% 1.5%
Entertainment 3.0% 1.4% 1.6%
Industrial Conglomerates 2.7% 1.4% 1.3%
Automobiles 2.7% 1.6% 1.1%
Semiconductors & Semiconductor Equipment 2.7% 3.0% -0.3%
IT Services 2.6% 3.1% -0.6%
Specialty Retail 2.6% 1.5% 1.1%
Machinery 2.3% 1.7% 0.5%
Electrical Equipment 2.3% 0.7% 1.5%
Internet & Direct Marketing Retail 2.3% 2.5% -0.2%
Personal Products 2.2% 0.9% 1.3%
Asset Allocation Global Fund/VA MSCI ACWI Overweight / Underweight
Equity 98.9% 100.0% -1.1%
Market Cap Global Fund/VA MSCI ACWI Overweight / Underweight
Large 83.8% 86.2% -2.3%
Mid 11.2% 13.7% -2.6%
Small 3.9% 0.1% 3.8%
Analytics
(As of 12/31/2018)

Morningstar 12/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
71
Category
World Large Stock
Performance Statistics
3Y
5Y
Alpha
-1.52
0.23
Beta
1.21
1.13
Information Ratio
-0.15
0.11
R-Squared
90.06
88.55
Sharpe Ratio
0.41
0.37
Standard Deviation
13.53
13.04
Upside Capture
120.63
112.14
Downside Capture
138.27
111.86
Sortino Ratio
0.55
0.53
Win Ratio
56.00
58.00
Loss Ratio
44.00
42.00
Margin of Outperformance
0.93
0.96
Margin of Underperformance
-1.22
-1.20
Tracking Error
4.82
4.64
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$112.13 B
$129.25 B
Median Market Cap (weighted)
$51.62 B
$49.29 B
P/E Ratio (LTM)
20.75
15.37
P/E Ratio (NTM)
15.96
13.14
Price/Book
2.41
2.15
Return on Equity
15.74%
16.53%
EPS Growth Rate 3Y
14.57%
9.11%
EPS Growth Rate 5Y
13.73%
8.17%
Sales Growth Rate 3Y
9.75%
5.39%
Sales Growth Rate 5Y
9.57%
5.24%
Debt to Capital Ratio
34.73
43.95
Yield to Maturity
0.01%
-
Yield to Worst
0.01%
-
Average Coupon
0.00%
-
Effective Coupon
0.00%
-
Turnover Ratio
9%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.4714
12-Month Distribution ($)
$0.4714
Distribution Sources
  • D
Net Income
10.40%
Net Profit from Sale
88.90%
Other Capital Sources
0.70%
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. Eurozone investments may be subject to volatility and liquidity issues. 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 MSCI® ACWI is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The index is unmanaged, includes the reinvestment of dividends 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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