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 identifiers |
|---|
| NASDAQ | OALGX |
| CUSIP | 246118707 |
| Investment minimums |
|---|
| Initial investment | $1,000 |
| Subsequent investments | $100 |
| Account features |
|---|
| Payroll deduction | No |
| IRAs | Yes |
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)
| YTD | 1 year | 3 year | 5 year | 10 year | Lifetime | Inception date |
|---|
|
NAV (view definition) | 16.84%
| 20.76%
| 23.28%
| 21.84%
| 17.53%
| 11.38%
| 08/01/2003 |
| Max offer price | 10.12%
| 13.82%
| 20.88%
| 20.40%
| 16.84%
| 11.02%
| |
| | 1 year | 3 year | 5 year | 10 year | Lifetime | Inception 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 Index | 1.16% | 27.32% | 22.00% | 22.84% | 19.68% | n/a | |
Returns for less than one year are not annualized.
Performance at NAV assumes that no front-end sales charge applied. Performance at max offer price assumes that a front-end sales charge applied.
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 |
|---|
| Gross | 1.23% |
| Net | 1.21% |
| Calendar year total returns @ NAV |
|---|
| Year | Annual return |
|---|
|
| 2020 | 33.68% |
| 2019 | 30.92% |
| 2018 | -1.11% |
| 2017 | 32.16% |
| 2016 | 0.61% |
| 2015 | 7.88% |
| 2014 | 10.93% |
| 2013 | 36.49% |
| 2012 | 15.65% |
| 2011 | -1.79% |
On Nov. 4, 2014, Class B shares of the Fund converted to Class A shares.
Investment manager
Delaware Management Company
Sub-advisors
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 price | 5.75% |
| Maximum contingent deferred sales charge (load) as a percentage of original purchase price or redemption price, whichever is lower | none |
| Annual fund operating expenses |
|---|
| Management fees | 0.68% |
| Distribution and service (12b-1) fees | 0.25% |
| Other expenses | 0.30% |
| Total annual fund operating expenses | 1.23% |
| Fee waivers and expense reimbursements | (0.02%) |
| Total annual fund operating expenses after fee waivers and expense reimbursements | 1.21% |
On Nov. 4, 2014, Class B shares of the Fund converted to Class A shares.
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.
| Date | ClearBridge Investments | T. Rowe Price | Total |
|---|
| 11/30/2020 | 47.60% | 52.40% | 100% |
| 12/31/2020 | 47.26% | 52.74% | 100% |
| 01/31/2021 | 47.04% | 52.96% | 100% |
| 02/28/2021 | 46.50% | 53.50% | 100% |
| 03/31/2021 | 46.97% | 53.03% | 100% |
| 04/30/2021 | 46.92% | 53.08% | 100% |
| 05/31/2021 | 47.30% | 52.70% | 100% |
| 06/30/2021 | 47.06% | 52.94% | 100% |
| 07/31/2021 | 47.01% | 52.99% | 100% |
| 08/31/2021 | 47.08% | 52.92% | 100% |
| 09/30/2021 | 47.29% | 52.71% | 100% |
| 10/31/2021 | 47.43% | 52.57% | 100% |
Total may not equal 100% due to rounding.
On Nov. 4, 2014, Class B shares of the Fund converted to Class A shares.
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.
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