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Main Street Small Cap Fund®/VA

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Overview

The Strategy typically invests in small-cap U.S. company stocks

Inception Date
May 1, 1998
Investment Style
Small Cap Core
Fund Index
Russell 2000® Index
CUSIP
683811871
NAV
  • A
(as of 01/18/2019)
$22.37
Total Assets
(as of 12/31/2018)
$859.63 MM
Gross Expense Ratio
(as of 12/31/2018)
0.82%
Net Expense Ratio
(as of 12/31/2018)
0.80%
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
Main Street Small Cap Fund®/VA (NAV)
-10.32% -10.32% 6.52% 4.94% 13.37% 7.58%
Russell 2000® Index
-11.01% -11.01% 7.36% 4.41% 12.97% -
Cumulative
Annualized
ytd as of 2018-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Main Street Small Cap Fund®/VA (with sales charge)
-10.32% -10.32% 6.52% 4.94% 13.37% 7.58%
Russell 2000® Index
-11.01% -11.01% 7.36% 4.41% 12.97% -
Cumulative
Annualized
ytd as of 2018-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Main Street Small Cap Fund®/VA (NAV)
-10.32% -10.32% 6.52% 4.94% 13.37% 7.58%
Russell 2000® Index
-11.01% -11.01% 7.36% 4.41% 12.97% -
Cumulative
Annualized
ytd as of 2018-12-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Main Street Small Cap Fund®/VA (with sales charge)
-10.32% -10.32% 6.52% 4.94% 13.37% 7.58%
Russell 2000® Index
-11.01% -11.01% 7.36% 4.41% 12.97% -
Gross Expense Ratio: 0.82% | 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 Main Street Small Cap Fund®/VA Russell 2000® Index
1999 46.56% 24.14%
2000 -18.34% 4.27%
2001 -0.36% 1.22%
2002 -15.75% -17.80%
2003 44.36% 45.51%
2004 19.42% 18.29%
2005 9.92% 8.11%
2006 15.00% 16.17%
2007 -1.21% 1.38%
2008 -37.83% -36.79%
2009 37.20% 34.39%
2010 23.41% 26.71%
2011 -2.21% -2.51%
2012 17.99% 17.88%
2013 41.01% 39.39%
2014 11.93% 4.89%
2015 -5.90% -4.41%
2016 18.05% 21.31%
2017 14.15% 14.65%
2018 -10.32% -11.01%

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 Main Street Small Cap Fund®/VA Russell 2000® Index (Linked Index) MSCI World S&P 500
12/31/2008 0.00 0.00 0.00 0.00
1/31/2009 -11.17 -9.00 -8.76 -8.43
2/28/2009 -22.72 -18.84 -18.10 -18.18
3/31/2009 -14.06 -11.43 -11.92 -11.01
4/30/2009 7.76 2.22 -2.04 -2.49
5/31/2009 13.00 5.33 6.83 2.96
6/30/2009 13.19 6.52 6.35 3.16
7/31/2009 22.43 16.14 15.36 10.97
8/31/2009 25.00 20.88 20.12 14.97
9/30/2009 31.76 27.89 24.90 19.26
10/31/2009 24.43 20.49 22.68 17.05
11/30/2009 28.53 25.35 27.70 24.07
12/31/2009 37.20 34.39 29.99 26.46
1/31/2010 31.96 29.89 24.62 21.92
2/28/2010 38.24 36.35 26.37 25.69
3/31/2010 49.08 46.77 34.20 33.28
4/30/2010 55.50 53.72 34.22 35.38
5/31/2010 44.57 42.27 21.36 24.57
6/30/2010 35.37 32.12 17.20 18.05
7/31/2010 43.13 41.41 26.70 26.32
8/31/2010 33.26 33.04 21.97 20.62
9/30/2010 48.69 48.26 33.34 31.38
10/31/2010 54.64 53.94 38.32 36.38
11/30/2010 58.57 58.27 35.33 36.40
12/31/2010 69.31 70.28 45.28 45.51
1/31/2011 70.55 72.56 48.56 48.96
2/28/2011 77.07 80.99 53.76 54.07
3/31/2011 81.09 85.10 52.25 54.13
4/30/2011 86.97 90.44 58.71 58.69
5/31/2011 84.85 88.16 55.42 56.90
6/30/2011 82.24 84.01 52.96 54.28
7/31/2011 74.24 77.01 50.19 51.14
8/31/2011 60.16 62.52 39.61 42.93
9/30/2011 43.67 44.96 27.55 32.89
10/31/2011 66.33 66.21 40.74 47.41
11/30/2011 65.56 65.63 37.31 47.08
12/31/2011 65.56 66.01 37.23 48.59
1/31/2012 78.00 77.04 44.12 55.25
2/29/2012 86.10 83.61 51.16 61.96
3/31/2012 89.38 87.57 53.10 67.29
4/30/2012 86.49 86.20 51.36 66.24
5/31/2012 73.08 73.48 38.30 56.25
6/30/2012 81.67 79.80 45.34 62.69
7/31/2012 80.11 78.57 47.21 64.95
8/31/2012 86.22 84.98 50.94 68.66
9/30/2012 88.55 89.80 55.09 73.02
10/31/2012 85.93 87.82 54.04 69.82
11/30/2012 89.42 90.70 56.01 70.81
12/31/2012 95.34 95.69 58.95 72.37
1/31/2013 110.96 109.06 67.04 81.29
2/28/2013 115.03 111.47 67.32 83.76
3/31/2013 125.02 120.83 71.24 90.65
4/30/2013 124.44 120.02 76.63 94.32
5/31/2013 132.20 128.81 76.70 98.87
6/30/2013 133.45 127.64 72.35 96.19
7/31/2013 146.63 143.57 81.42 106.18
8/31/2013 142.76 135.84 77.56 100.21
9/30/2013 157.82 150.88 86.44 106.49
10/31/2013 161.79 157.19 93.73 115.98
11/30/2013 168.52 167.50 97.18 122.56
12/31/2013 175.46 172.76 101.35 128.19
1/31/2014 171.89 165.21 93.89 120.30
2/28/2014 184.97 177.71 103.60 130.38
3/31/2014 186.95 175.81 103.89 132.32
4/30/2014 176.95 165.12 105.98 134.03
5/31/2014 178.43 167.24 110.04 139.53
6/30/2014 187.90 181.46 113.79 144.48
7/31/2014 175.83 164.42 110.38 141.10
8/31/2014 192.20 177.54 115.02 150.75
9/30/2014 174.79 160.75 109.18 147.23
10/31/2014 196.49 177.93 110.53 153.27
11/30/2014 201.83 178.18 114.75 160.08
12/31/2014 208.34 186.11 111.29 159.43
1/31/2015 196.03 176.91 107.46 151.64
2/28/2015 214.49 193.35 119.62 166.10
3/31/2015 217.97 198.46 116.18 161.89
4/30/2015 208.22 190.85 121.25 164.41
5/31/2015 216.00 197.49 122.01 167.81
6/30/2015 219.01 199.71 116.85 162.62
7/31/2015 214.52 196.23 120.74 168.13
8/31/2015 196.28 177.62 106.13 151.95
9/30/2015 181.31 164.00 98.53 145.71
10/31/2015 195.19 178.87 114.26 166.44
11/30/2015 204.04 187.94 113.20 167.23
12/31/2015 190.16 173.48 109.45 163.02
1/31/2016 168.65 149.43 96.92 149.97
2/29/2016 170.01 149.42 95.45 149.63
3/31/2016 189.75 169.33 108.72 166.56
4/30/2016 193.01 173.56 112.02 167.60
5/31/2016 200.77 179.72 113.21 172.40
6/30/2016 198.58 179.54 110.82 173.11
7/31/2016 213.09 196.23 119.73 183.18
8/31/2016 213.80 201.47 119.91 183.58
9/30/2016 212.52 204.83 121.08 183.63
10/31/2016 204.41 190.34 116.80 178.46
11/30/2016 232.01 222.71 119.92 188.77
12/31/2016 242.54 231.76 125.18 194.48
1/31/2017 246.52 233.06 130.62 200.06
2/28/2017 254.63 239.49 137.01 211.98
3/31/2017 256.19 239.94 139.54 212.34
4/30/2017 263.16 243.66 143.08 215.55
5/31/2017 255.34 236.67 148.23 219.99
6/30/2017 266.46 248.31 149.18 221.98
7/31/2017 266.92 250.90 155.15 228.61
8/31/2017 262.37 246.43 155.50 229.61
9/30/2017 284.20 268.06 161.24 236.41
10/31/2017 287.54 271.19 166.18 244.26
11/30/2017 290.87 281.89 171.94 254.82
12/31/2017 291.02 280.35 175.62 258.76
1/31/2018 299.36 290.29 190.17 279.31
2/28/2018 278.74 275.18 178.15 265.33
3/31/2018 288.90 280.03 172.09 256.04
4/30/2018 291.18 283.31 175.22 257.41
5/31/2018 316.19 306.58 176.94 266.01
6/30/2018 322.49 309.50 176.81 268.27
7/31/2018 328.00 316.63 185.46 281.97
8/31/2018 353.32 334.59 188.99 294.42
9/30/2018 337.82 324.14 190.60 296.66
10/31/2018 294.59 278.07 169.26 269.55
11/30/2018 300.61 284.08 172.32 277.08
12/31/2018 250.67 238.46 151.61 243.03

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 01/18/2019

Date 2014 2015 2016 2017 2018
Short Term 1.9186 0.0990 0.6971
Long Term 2.0665 3.7494 0.8374 1.3571 2.6554
Total Amount of Distribution 3.9851 3.8484 0.8374 1.3571 3.3524
Record Date 6/16/14 6/15/15 6/20/16 6/19/17 6/18/18
Ex Div Date 6/17/14 6/16/15 6/21/16 6/20/17 6/19/18
Pay Date 6/18/14 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

(32.8% of assets as of 12/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Main Street Small Cap Fund®/VA Russell 2000® Index Overweight / Underweight
United States 97.9% 99.9% -2.0%
Developed Markets Main Street Small Cap Fund®/VA Russell 2000® Index Overweight / Underweight
Americas 97.9% 100.0% -2.1%
Equity Sector Main Street Small Cap Fund®/VA Russell 2000® Index Overweight / Underweight
Industrials 18.9% 14.8% 4.1%
Financials 15.9% 18.2% -2.4%
Consumer Discretionary 14.0% 12.2% 1.9%
Health Care 12.6% 15.6% -2.9%
Information Technology 12.2% 14.7% -2.5%
Real Estate 7.7% 7.3% 0.4%
Utilities 5.1% 3.8% 1.3%
Materials 4.3% 3.7% 0.6%
Energy 2.8% 3.5% -0.7%
Consumer Staples 2.6% 2.9% -0.3%
Communication Services 1.8% 3.3% -1.5%
Industry Main Street Small Cap Fund®/VA Russell 2000® Index Overweight / Underweight
Banks 8.9% 9.7% -0.8%
Equity Real Estate Investment Trusts (REITs) 7.7% 6.7% 1.0%
Software 6.9% 5.5% 1.4%
Machinery 5.0% 3.7% 1.3%
Hotels Restaurants & Leisure 4.3% 3.0% 1.3%
Professional Services 4.0% 1.5% 2.5%
Health Care Equipment & Supplies 3.4% 3.7% -0.4%
Metals & Mining 3.4% 1.2% 2.2%
Biotechnology 3.3% 6.2% -2.9%
Specialty Retail 3.3% 3.0% 0.3%
Auto Components 2.9% 1.0% 1.8%
Health Care Providers & Services 2.9% 1.9% 1.0%
Thrifts & Mortgage Finance 2.9% 2.3% 0.6%
IT Services 2.9% 1.9% 1.1%
Oil Gas & Consumable Fuels 2.8% 2.3% 0.5%
Multi-Utilities 2.7% 0.6% 2.1%
Gas Utilities 2.5% 1.2% 1.3%
Semiconductors & Semiconductor Equipment 2.3% 2.7% -0.4%
Capital Markets 2.2% 1.3% 0.9%
Commercial Services & Supplies 2.2% 2.6% -0.4%
Asset Allocation Main Street Small Cap Fund®/VA Russell 2000® Index Overweight / Underweight
Equity 97.9% 100.0% -2.1%
Market Cap Main Street Small Cap Fund®/VA Russell 2000® Index Overweight / Underweight
Small 76.6% 85.3% -8.7%
Mid 21.3% 14.6% 6.7%
Analytics
(As of 12/31/2018)

Morningstar 12/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
86
Category
Small Blend
Performance Statistics
3Y
5Y
Alpha
-0.40
0.73
Beta
0.93
0.94
Information Ratio
-0.25
0.16
R-Squared
95.49
95.38
Sharpe Ratio
0.42
0.36
Standard Deviation
15.23
14.76
Upside Capture
93.68
96.41
Downside Capture
96.00
92.99
Sortino Ratio
0.57
0.50
Win Ratio
47.00
52.00
Loss Ratio
53.00
48.00
Tracking Error
3.44
3.33
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$2.35 B
$2.01 B
Median Market Cap (weighted)
$2.24 B
$1.82 B
P/E Ratio (LTM)
16.28
20.94
P/E Ratio (NTM)
14.95
16.10
Price/Book
2.10
1.97
Debt to Capital Ratio
37.75
36.49
Turnover Ratio
42%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
6/19/2018
Per Share ($)
$0.0814
12-Month Distribution ($)
$0.0814
Distribution Sources
  • D
Net Income
0.70%
Net Profit from Sale
69.80%
Other Capital Sources
29.50%
Team
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. Small-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 small-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™ Index through March 31, 2013 and (ii) the Russell 2000® Index from April 1, 2013 to present. Index performance includes total returns from when first available.  The Russell 2000® Index  measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000 Index is a subset of the Russell 3000 Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2500™ Index measures the performance of the small to mid-cap segment of the U.S. equity universe, commonly referred to as "smid" cap. The Russell 2500™ is a subset of the Russell 3000® Index. It includes approximately 2500 of the smallest securities based on a combination of their market cap and current index membership. 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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