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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 03/20/2019)
$44.59
Total Assets
(as of 02/28/2019)
$2.36 BN
Gross Expense Ratio
(as of 02/28/2019)
0.78%
Net Expense Ratio
(as of 02/28/2019)
0.78%
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
Global Fund/VA (NAV)
-13.18% -13.18% 5.90% 4.77% 11.23% 9.41%
MSCI ACWI
-9.41% -9.41% 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
-9.41% -9.41% 6.60% 4.26% 9.46% -
Cumulative
Annualized
ytd as of 2019-02-28
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Fund/VA (NAV)
14.71% -2.93% 15.67% 7.31% 14.74% 9.89%
MSCI ACWI
10.78% -0.84% 12.87% 6.28% 12.73% -
Cumulative
Annualized
ytd as of 2019-02-28
  • C
1 yr 3 yr 5 yr 10 yr since inception
Global Fund/VA (with sales charge)
14.71% -2.93% 15.67% 7.31% 14.74% 9.89%
MSCI ACWI
10.78% -0.84% 12.87% 6.28% 12.73% -
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% -9.41%

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
2/28/2009 0.00 0.00 0.00
3/31/2009 8.66 8.24 8.76
4/30/2009 20.77 21.01 19.17
5/31/2009 34.07 33.07 25.83
6/30/2009 33.45 32.33 26.08
7/31/2009 46.75 43.97 35.62
8/31/2009 50.89 49.12 40.52
9/30/2009 58.54 55.96 45.76
10/31/2009 55.78 53.56 43.05
11/30/2009 63.06 59.87 51.63
12/31/2009 66.26 63.18 54.56
1/31/2010 61.37 56.13 49.00
2/28/2010 63.94 58.12 53.62
3/31/2010 76.07 68.29 62.89
4/30/2010 75.30 68.57 65.46
5/31/2010 58.25 52.59 52.25
6/30/2010 53.48 47.89 44.28
7/31/2010 67.67 59.92 54.39
8/31/2010 60.16 54.33 47.42
9/30/2010 76.96 69.10 60.57
10/31/2010 84.15 75.21 66.68
11/30/2010 80.39 71.31 66.70
12/31/2010 92.80 83.85 77.84
1/31/2011 97.76 86.74 82.06
2/28/2011 105.02 92.18 88.30
3/31/2011 103.86 91.99 88.37
4/30/2011 115.39 99.84 93.95
5/31/2011 110.82 95.55 91.76
6/30/2011 107.34 92.46 88.56
7/31/2011 99.74 89.33 84.72
8/31/2011 83.71 75.50 74.69
9/30/2011 65.87 58.93 62.41
10/31/2011 85.32 75.96 80.16
11/30/2011 80.04 70.69 79.76
12/31/2011 76.82 70.35 81.60
1/31/2012 85.77 80.25 89.74
2/29/2012 95.62 89.32 97.94
3/31/2012 101.42 90.58 104.46
4/30/2012 95.88 88.40 103.17
5/31/2012 77.21 71.51 90.96
6/30/2012 85.43 79.98 98.83
7/31/2012 86.69 82.44 101.59
8/31/2012 93.73 86.41 106.13
9/30/2012 99.73 92.28 111.46
10/31/2012 101.70 91.00 107.56
11/30/2012 107.83 93.44 108.76
12/31/2012 114.42 97.82 110.66
1/31/2013 127.99 106.94 121.57
2/28/2013 126.21 106.90 124.58
3/31/2013 129.83 110.69 133.00
4/30/2013 137.61 116.71 137.49
5/31/2013 136.95 116.11 143.05
6/30/2013 131.48 109.79 139.79
7/31/2013 144.24 119.84 151.99
8/31/2013 136.76 115.26 144.69
9/30/2013 153.53 126.38 152.36
10/31/2013 160.61 135.47 163.96
11/30/2013 166.82 138.81 172.01
12/31/2013 172.97 142.93 178.89
1/31/2014 162.95 133.21 169.25
2/28/2014 177.78 144.48 181.57
3/31/2014 174.77 145.57 183.93
4/30/2014 173.50 147.90 186.03
5/31/2014 181.39 153.18 192.75
6/30/2014 185.45 157.94 198.79
7/31/2014 177.74 154.81 194.67
8/31/2014 184.67 160.44 206.46
9/30/2014 179.79 152.00 202.16
10/31/2014 180.36 153.77 209.54
11/30/2014 187.07 158.02 217.87
12/31/2014 179.22 153.04 217.07
1/31/2015 178.02 149.08 207.55
2/28/2015 198.66 162.95 225.23
3/31/2015 199.87 158.87 220.08
4/30/2015 202.27 166.39 223.15
5/31/2015 209.34 166.04 227.31
6/30/2015 207.95 159.77 220.97
7/31/2015 213.84 162.03 227.70
8/31/2015 189.85 144.07 207.93
9/30/2015 175.11 135.23 200.31
10/31/2015 197.26 153.69 225.64
11/30/2015 194.82 151.59 226.61
12/31/2015 190.24 147.06 221.46
1/31/2016 162.66 132.16 205.50
2/29/2016 155.56 130.56 205.09
3/31/2016 171.29 147.64 225.79
4/30/2016 176.03 151.30 227.05
5/31/2016 176.79 151.62 232.93
6/30/2016 166.51 150.09 233.79
7/31/2016 182.93 160.87 246.09
8/31/2016 187.24 161.75 246.58
9/30/2016 189.90 163.35 246.65
10/31/2016 185.91 158.88 240.32
11/30/2016 188.98 160.85 252.93
12/31/2016 190.48 166.48 259.90
1/31/2017 201.92 173.77 266.73
2/28/2017 213.54 181.45 281.29
3/31/2017 220.59 184.89 281.73
4/30/2017 233.86 189.33 285.65
5/31/2017 243.06 195.72 291.08
6/30/2017 248.42 197.07 293.52
7/31/2017 257.80 205.37 301.61
8/31/2017 261.23 206.54 302.84
9/30/2017 269.94 212.46 311.15
10/31/2017 283.58 218.95 320.75
11/30/2017 292.54 225.12 333.65
12/31/2017 296.98 230.37 338.47
1/31/2018 326.95 249.00 363.58
2/28/2018 307.27 234.35 346.49
3/31/2018 296.98 227.19 335.15
4/30/2018 299.82 230.31 336.82
5/31/2018 306.02 230.73 347.33
6/30/2018 304.61 228.94 350.09
7/31/2018 315.77 238.86 366.84
8/31/2018 317.85 241.52 382.05
9/30/2018 309.78 243.00 384.79
10/31/2018 270.60 217.30 351.66
11/30/2018 273.50 221.94 360.86
12/31/2018 244.66 199.26 319.25
1/31/2019 280.58 222.89 352.85
2/28/2019 295.36 231.53 367.39

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 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

(51.8% of assets as of 02/28/2019)


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 51.0% 54.9% -3.9%
Japan 13.2% 7.3% 5.9%
France 10.4% 3.4% 6.9%
Germany 7.3% 2.7% 4.6%
United Kingdom 4.0% 5.1% -1.1%
India 3.0% 1.0% 2.0%
China 2.2% 3.8% -1.6%
Switzerland 2.1% 2.7% -0.6%
Sweden 2.0% 0.8% 1.1%
Spain 1.9% 0.9% 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 51.0% 57.9% -7.0%
Europe 28.5% 19.1% 9.4%
Asia Pacific 13.2% 11.1% 2.1%
Emerging Markets Global Fund/VA MSCI ACWI Overweight / Underweight
Asia Pacific 5.2% 8.6% -3.4%
Equity Sector Global Fund/VA MSCI ACWI Overweight / Underweight
Information Technology 19.8% 15.3% 4.4%
Health Care 15.4% 11.7% 3.7%
Consumer Discretionary 15.0% 10.5% 4.5%
Industrials 14.6% 10.6% 4.0%
Financials 14.3% 17.2% -2.9%
Communication Services 12.6% 8.9% 3.8%
Consumer Staples 3.8% 8.1% -4.4%
Real Estate 1.7% 3.2% -1.5%
Energy 0.7% 6.3% -5.6%
Industry Global Fund/VA MSCI ACWI Overweight / Underweight
Interactive Media & Services 9.9% 3.3% 6.6%
Software 8.2% 4.0% 4.2%
Biotechnology 8.1% 1.6% 6.5%
Capital Markets 6.2% 2.5% 3.7%
Electronic Equipment Instruments & Components 6.1% 1.1% 5.0%
Textiles Apparel & Luxury Goods 6.0% 1.3% 4.7%
Banks 4.7% 9.3% -4.6%
Aerospace & Defense 3.9% 2.0% 1.9%
Health Care Providers & Services 3.6% 1.7% 1.9%
Insurance 3.5% 3.9% -0.4%
IT Services 2.8% 3.2% -0.4%
Specialty Retail 2.7% 1.5% 1.2%
Entertainment 2.7% 1.4% 1.3%
Semiconductors & Semiconductor Equipment 2.6% 3.1% -0.5%
Internet & Direct Marketing Retail 2.6% 2.6% 0.1%
Automobiles 2.4% 1.5% 0.9%
Industrial Conglomerates 2.4% 1.4% 1.0%
Machinery 2.3% 1.7% 0.6%
Electrical Equipment 2.1% 0.7% 1.4%
Personal Products 1.9% 0.8% 1.1%
Asset Allocation Global Fund/VA MSCI ACWI Overweight / Underweight
Equity 97.8% 100.0% -2.2%
Market Cap Global Fund/VA MSCI ACWI Overweight / Underweight
Large 82.5% 88.4% -5.9%
Mid 12.5% 11.5% 1.0%
Small 2.7% 0.1% 2.6%
Analytics
(As of 02/28/2019)

Morningstar 02/28/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
69
Category
World Large Stock
Performance Statistics
3Y
5Y
Alpha
0.70
0.35
Beta
1.18
1.16
Information Ratio
0.63
0.22
R-Squared
90.92
89.12
Sharpe Ratio
1.08
0.54
Standard Deviation
13.23
13.54
Upside Capture
122.99
114.53
Downside Capture
125.93
113.31
Sortino Ratio
1.71
0.80
Win Ratio
61.00
58.00
Loss Ratio
39.00
42.00
Margin of Outperformance
1.01
1.04
Margin of Underperformance
-1.00
-1.20
Tracking Error
4.44
4.79
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$125.24 B
$141.18 B
Median Market Cap (weighted)
$62.83 B
$54.77 B
P/E Ratio (LTM)
23.03
16.90
P/E Ratio (NTM)
19.32
14.70
Price/Book
2.90
2.37
Return on Equity
16.95%
18.34%
EPS Growth Rate 3Y
15.22%
11.33%
EPS Growth Rate 5Y
16.57%
9.25%
Sales Growth Rate 3Y
10.02%
6.49%
Sales Growth Rate 5Y
8.75%
5.53%
Debt to Capital Ratio
34.38
44.08
Yield to Maturity
0.02%
-
Yield to Worst
0.02%
-
Average Coupon
0.00%
-
Effective Coupon
0.00%
-
Turnover Ratio
16%
-
Active Share
91.72%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.4714
12-Month Distribution ($)
$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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