Optimum Large Cap Growth Fund

Key features

  • The objective of the Optimum Large Cap Growth Fund is to seek longterm growth of capital.
  • T. Rowe Price generally seeks investments in stocks of large-capitalization companies with one or more of the following characteristics: strong cash flow and an above-average rate of earnings growth; the ability to sustain earnings momentum during economic downturns; and occupation of a lucrative niche in the economy and ability to expand even during times of slow economic growth.
  • ClearBridge normally invests in equity securities of US companies with large market capitalizations that it believes to be dominant in their industries due to product, distribution or service strength.
Fund information
Inception date08/01/2003
Dividends paid (if any)Annual
Capital gains paid (if any)December
Fund identifiers
Investment minimums
Initial investment$1,000
Subsequent investments$100
Account features
Payroll deductionNo

On Nov. 4, 2014, Class B shares of the Fund converted to Class A shares.

The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted.

Total returns may reflect waivers and/or expense reimbursements by the manager and/or distributor for some or all of the periods shown. Performance would have been lower without such waivers and reimbursements.

Average annual total return

as of month-end (11/30/2021)

as of quarter-end (09/30/2021)

YTD1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)16.84% 20.76% 23.28% 21.84% 17.53% 11.38% 08/01/2003
Max offer price10.12% 13.82% 20.88% 20.40% 16.84% 11.02%
1 year3 year5 year10 yearLifetimeInception date
NAV (view definition)-0.32% 22.17% 18.52% 20.16% 18.12% 11.15% 08/01/2003
Max offer price-6.05% 15.14% 16.20% 18.75% 17.42% 10.79%
Russell 1000 Growth Index1.16%27.32%22.00%22.84%19.68%n/a

Returns for less than one year are not annualized.

Class A shares have a maximum up-front sales charge of 5.75% and are subject to an annual distribution fee.

Index performance returns do not reflect any management fees, transaction costs, or expenses. Indices are unmanaged and one cannot invest directly in an index.

Expense ratio
Performance characteristics - as of 11/30/2021
Annualized standard deviation, 3 years (view definition)19.56
Calendar year total returns @ NAV
YearAnnual return

On Nov. 4, 2014, Class B shares of the Fund converted to Class A shares.

Investment manager

Delaware Management Company


T. Rowe Price Associates, Inc.

Joseph B. Fath, CPA

Vice President

Start date on the Fund: January 2014

Joseph B. Fath is primarily responsible for the day-to-day management of T. Rowe Price’s share of the Fund’s assets. Fath is Chairman of T. Rowe Price’s Investment Advisory Committee, which develops and executes the Fund's investment program. He joined T. Rowe Price in 2002 and he has 18 years of investment experience. Fath joined the firm in 2002 as an equity research analyst and, since 2008, has assisted other T. Rowe Price portfolio managers in managing the firm’s US large-cap growth strategies. Fath has held his Fund responsibilities since January 2014.

ClearBridge Investments LLC

Peter Bourbeau

Managing Director, Portfolio Manager

Start date on the Fund: October 2017

Peter Bourbeau shares primary responsibility for the day-to-day management of the investment program for ClearBridge’s portion of the Fund. Bourbeau has been employed by ClearBridge’s predecessor firm since 1991 and currently serves as managing director and portfolio manager. He has held his Fund responsibilities since October 2017.

Margaret Vitrano

Managing Director, Portfolio Manager

Start date on the Fund: October 2017

Margaret Vitrano shares primary responsibility for the day-to-day management of the investment program for ClearBridge’s portion of the Fund. Vitrano has been employed by ClearBridge’s predecessor firm since 1997 and currently serves as managing director and portfolio manager. She has held her Fund responsibilities since October 2017.

On Nov. 4, 2014, Class B shares of the Fund converted to Class A shares.

You may qualify for sales-charge discounts if you and your family invest, or agree to invest in the future, at least $75,000 in Optimum Funds. More information about these and other discounts is available from your financial intermediary, in the Fund's Prospectus under the section entitled "About your account," and in the Fund's statement of additional information (SAI) under the section entitled "Purchasing Shares."

The table below describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder fees
Maximum sales charge (load) imposed on purchases as a percentage of offering price5.75%
Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lowernone
Annual fund operating expenses
Management fees0.68%
Distribution and service (12b-1) fees0.25%
Other expenses0.30%
Total annual fund operating expenses1.23%
Fee waivers and expense reimbursements(0.02%)
Total annual fund operating expenses after fee waivers and expense reimbursements1.21%

On Nov. 4, 2014, Class B shares of the Fund converted to Class A shares.

1The Fund’s investment manager, Delaware Management Company (Manager), has contractually agreed to waive all or a portion of its investment advisory fees and/or pay/reimburse expenses (excluding any 12b-1 fees, acquired fund fees and expenses, taxes, interest, short sale dividend and interest expenses, brokerage fees, certain insurance costs, and nonroutine expenses or costs, including, but not limited to, those relating to reorganizations, litigation, conducting shareholder meetings, and liquidations) in order to prevent total annual fund operating expenses from exceeding 0.96% of the Fund’s average daily net assets from July 29, 2021 through July 29, 2022. These waivers and reimbursements may only be terminated by agreement of the Manager and the Fund.

The chart below lists the percentage of the Fund's total assets under management that each sub-advisor manages on behalf of the Fund. The percentages include securities, cash, and any other assets managed by each sub-advisor in its sleeve of the Fund. These percentage allocations should be updated some time after 30 days following a given month end.


DateClearBridge InvestmentsT. Rowe PriceTotal

Total may not equal 100% due to rounding.

On Nov. 4, 2014, Class B shares of the Fund converted to Class A shares.

Carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund’s prospectus, which may be obtained by visiting optimummutualfunds.com/literature or calling 800 914-0278. Investors should read the prospectus and, if available, the summary prospectus carefully before investing.

Investing involves risk, including the possible loss of principal.

REIT investments are subject to many of the risks associated with direct real estate ownership, including changes in economic conditions, credit risk, and interest rate fluctuations. A REIT fund’s tax status as a regulated investment company could be jeopardized if it holds real estate directly, as a result of defaults, or receives rental income from real estate holdings.

IBOR risk is the risk that changes related to the use of the London interbank offered rate (LIBOR) or similar rates (such as EONIA) could have adverse impacts on financial instruments that reference these rates. The abandonment of these rates and transition to alternative rates could affect the value and liquidity of instruments that reference them and could affect investment strategy performance.

The disruptions caused by natural disasters, pandemics, or similar events could prevent the Fund from executing advantageous investment decisions in a timely manner and could negatively impact the Fund’s ability to achieve its investment objective and the value of the Fund’s investments.

All third-party marks cited are the property of their respective owners.

Frank Russell Company is the source and owner of the trademarks, service marks and copyrights related to the Russell Indexes. Russell® is a trademark of Frank Russell Company.

Not FDIC Insured | No Bank Guarantee | May Lose Value

Fund Finder

Daily pricing (as of 12/03/2021)

Class APriceNet change
Max offer price$26.99n/a

Total net assets (as of 10/31/2021)

$2.3 billion all share classes

Lipper ranking (as of 10/31/2021)

YTD ranking540 / 673
1 year562 / 672
3 years483 / 614
5 years394 / 560
10 years270 / 431
Lipper classificationLarge-Cap Growth Funds

(View Lipper disclosure)

The Lipper ranking is based on historical total returns.


Benchmark and peer group

Russell 1000® Growth Index (view definition)

Lipper Large-Cap Growth Funds Average (view definition)

Additional information

On Nov. 4, 2014, Class B shares of the Fund converted to Class A shares.