Key features
- The objective of the Optimum Large Cap Value Fund is to seek long-term growth of capital, and it may also seek income.
- MFS aims to provide exposures to companies it believes are undervalued compared to their perceived worth. These companies tend to have stock prices that are low relative to their earnings, dividends, assets, or other financial measures.
- Rothschild employs an integrated approach which balances quantitative analysis, fundamental research, and risk management guidelines to identify stocks of companies it believes possess attractive relative valuation and an ability to exceed market expectations.
| Fund identifiers |
|---|
| NASDAQ | OALVX |
| CUSIP | 246118863 |
| 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 (10/31/2019)
as of quarter-end (09/30/2019)
| YTD | 1 year | 3 year | 5 year | 10 year | Lifetime | Inception date |
|---|
| NAV (view definition) | 20.28% | 12.23% | 10.45% | 6.15% | 10.11% | 7.53% | 08/01/2003 |
| Max offer price | 13.39% | 5.80% | 8.28% | 4.90% | 9.46% | 7.14% | |
| Russell 1000 Value Index | 19.46% | 11.21% | 10.51% | 7.61% | 11.96% | n/a | |
| | 1 year | 3 year | 5 year | 10 year | Lifetime | Inception date |
|---|
| NAV (view definition) | 1.93% | 5.31% | 9.43% | 6.26% | 9.72% | 7.51% | 08/01/2003 |
| Max offer price | -3.93% | -0.76% | 7.29% | 5.00% | 9.07% | 7.11% | |
| Russell 1000 Value Index | 1.36% | 4.00% | 9.43% | 7.79% | 11.46% | 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 | 1.20% |
| Net | 1.20% |
| Quarterly total returns @ NAV |
|---|
| Year | 1st quarter | 2nd quarter | 3rd quarter | 4th quarter | Annual return |
|---|
| 2019 | 11.87% | 4.49% | 1.93% | n/a | n/a |
| 2018 | -2.63% | -0.50% | 5.50% | -11.62% | -9.67% |
| 2017 | 3.98% | 2.14% | 3.49% | 5.59% | 16.06% |
| 2016 | 0.33% | 2.05% | 3.30% | 4.90% | 10.95% |
| 2015 | 1.07% | -0.56% | -8.10% | 4.12% | -3.83% |
| 2014 | 1.05% | 2.93% | -0.38% | 1.65% | 5.32% |
| 2013 | 11.31% | 1.85% | 4.96% | 11.06% | 32.14% |
| 2012 | 14.63% | -4.84% | 6.15% | 0.03% | 15.83% |
| 2011 | 6.65% | 0.82% | -15.45% | 9.51% | -0.44% |
| 2010 | 5.25% | -11.98% | 11.01% | 9.39% | 12.49% |
| 2009 | -11.24% | 17.44% | 15.45% | 5.06% | 26.43% |
On Nov. 4, 2014, Class B shares of the Fund converted to Class A shares.
Investment manager
Delaware Management Company
Sub-advisors
Massachusetts Financial Services Company (MFS)
Steven R. Gorham, CFA
Investment Officer
Start date on the Fund: August 2003
Steven R. Gorham shares primary responsibility for the day-to-day portfolio management of MFS’s share of the Fund’s assets. Gorham has been employed in the investment area of MFS since 1992, and has held responsibilities for this Fund since its inception.
Nevin P. Chitkara
Investment Officer
Start date on the Fund: May 2006
Nevin P. Chitkara shares primary responsibility for the day-to-day portfolio management of MFS’s share of the Fund’s assets. Chitkara has been employed in the investment area of MFS since 1997, and has held responsibilities for this Fund since May 2006.
Rothschild & Co
Chris R. Kaufman
Managing Director
Start date on the Fund: October 2016
Chris R. Kaufman has primary responsibility for the day-to-day portfolio management of Rothschild’s share of the Fund’s assets. He has been employed by Rothschild since 2004. In execution of his responsibilities as lead portfolio manager, Kaufman works closely with Paul Roukis, co-portfolio manager of Rothschild’s share of the Fund assets and the other members of Rothschild’s large cap team.
Paul Roukis, CFA
Managing Director
Start date on the Fund: October 2016
Paul Roukis is co-portfolio manager of Rothschild’s share of the Fund assets. He has been employed by Rothschild since 2005.
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 | 0.65% |
| Distribution and service (12b-1) fees | 0.25% |
| Other expenses | 0.30% |
| Total annual fund operating expenses | 1.20% |
| Fee waivers and expense reimbursements | none |
| Total annual fund operating expenses after fee waivers and expense reimbursements | 1.20% |
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 | MFS Investment Management | Rothschild Asset Management Inc. | Total |
|---|
| 10/31/2018 | 49.46% | 50.54% | 100% |
| 11/30/2018 | 49.41% | 50.59% | 100% |
| 12/31/2018 | 49.22% | 50.78% | 100% |
| 01/31/2019 | 49.32% | 50.68% | 100% |
| 02/28/2019 | 49.46% | 50.54% | 100% |
| 03/31/2019 | 49.53% | 50.47% | 100% |
| 04/30/2019 | 49.59% | 50.41% | 100% |
| 05/31/2019 | 49.72% | 50.28% | 100% |
| 06/30/2019 | 49.69% | 50.31% | 100% |
| 07/31/2019 | 49.86% | 50.14% | 100% |
| 08/31/2019 | 50.05% | 49.95% | 100% |
| 09/30/2019 | 49.91% | 50.09% | 100% |
Total may not equal 100% due to rounding.
On Nov. 4, 2014, Class B shares of the Fund converted to Class A shares.
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Investing involves risk, including the possible loss of principal.