Key features
- The objective of Optimum Large Cap Growth Fund is to seek long-term growth of capital.
- American Century Investment Management, Inc. seeks stocks of larger-sized companies that they believe will
increase in value over time based on their bottom-up approach to stock selection. Investment decisions are based
primarily on analysis of individual companies, rather than on broad economic forecasts.
- Los Angeles Capital uses a quantitative approach to forecast individual companies’ excess returns to identify
larger-sized companies that they believe will increase in value over time based on their bottom-up approach to
stock selection.
| 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 (09/30/2025)
as of quarter-end (09/30/2025)
| YTD | 1 year | 3 year | 5 year | 10 year | Lifetime | Inception date |
|---|
|
NAV (view definition) | 13.93%
| 21.05%
| 29.53%
| 12.34%
| 14.96%
| 10.94%
| 08/01/2003 |
| Max offer price | 7.40%
| 14.08%
| 27.00%
| 11.01%
| 14.28%
| 10.65%
| |
| Russell 1000 Growth Index | 17.24% | 25.53% | 31.61% | 17.58% | 18.83% | n/a | |
| | 1 year | 3 year | 5 year | 10 year | Lifetime | Inception date |
|---|
|
NAV (view definition) | 9.38%
| 21.05%
| 29.53%
| 12.34%
| 14.96%
| 10.94%
| 08/01/2003 |
| Max offer price | 3.08%
| 14.08%
| 27.00%
| 11.01%
| 14.28%
| 10.65%
| |
| Russell 1000 Growth Index | 10.51% | 25.53% | 31.61% | 17.58% | 18.83% | 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 | 1.21% |
| Net | 1.20% |
Net expense ratio reflects a contractual
waiver from certain fees and/or expense reimbursements from July 31, 2025 through July 30, 2026. Please see the fee
table in the Fund's prospectus for more information.
| Calendar year total returns @ NAV |
|---|
| Year | Annual return |
|---|
|
| 2024 | 31.97% |
| 2023 | 40.85% |
| 2022 | -34.88% |
| 2021 | 17.45% |
| 2020 | 33.68% |
| 2019 | 30.92% |
| 2018 | -1.11% |
| 2017 | 32.16% |
| 2016 | 0.61% |
| 2015 | 7.88% |
On Nov. 4, 2014, Class B shares of the Fund converted to Class A shares.
Investment manager
Delaware Management Company
Sub-advisors
American Century Investment Management, Inc.
Keith Lee, CFA - Senior Vice President, Senior Portfolio Manager, Co-Chief Investment Officer, Global Growth Equity
Start date on the Fund: July 2022
Keith Lee is primarily responsible for the day-to-day management of American Century’s portion of the Fund. Mr. Lee
has been employed by American Century since 2001 and currently serves as Senior Vice President, Senior Portfolio
Manager and Co-Chief Investment Officer, Global Growth Equity.
Michael Li, Ph.D. - Vice President, Senior Portfolio Manager*
Start date on the Fund: July 2022
Michael Li is primarily responsible for the day-to-day management of American Century’s portion of the Fund. Mr. Li
has been employed by American Century since 2002 and currently serves as Vice President and Senior Portfolio Manager.
Jeff Bourke, CFA - Vice President, Portfolio Manager
Start date on the Fund: July 2022
Jeff Bourke is primarily responsible for the day-to-day management of American Century’s portion of the Fund. Mr.
Bourke has been employed by American Century since 2007 and currently serves as Vice President and Portfolio Manager.
Tong Li - Portfolio Manager, Senior Quantitative Analyst
Start date on the Fund: July 2024
Tong Li is primarily responsible for the day-to-day management of American Century’s portion of the Fund. Mr. Tong Li
has been employed by American Century since 2007 and currently serves as Portfolio Manager and Senior Quantitative
Analyst.
*Effective on or about Sepetmber 15, 2024, Michael Li will no longer be a portfolio manager of the
Fund.
Los Angeles Capital Management LLC
Hal W. Reynolds, CFA - Co-Chief Investment Officer, Senior Portfolio Manager
Start date on the Fund: January 2023
Hal W. Reynolds shares primary responsibility for the day-to-day management of the investment program for Los Angeles
Capital's portion of the Fund. Mr. Reynolds co-founded Los Angeles Capital in 2002. He oversees Los Angeles Capital’s
investment process and works closely with Los Angeles Capital’s research team to enhance elements of the stock
selection, portfolio construction and trading processes. Mr. Reynolds has worked in investment management since 1982
and has managed investment portfolios since 1998.
Daniel Arche, CFA - Director, Portfolio Strategy and Senior Portfolio Manager
Start date on the Fund: January 2023
Daniel Arche shares primary responsibility for the day-to-day management of the investment program for Los Angeles
Capital's portion of the Fund. Mr. Arche is responsible for managing accounts in accordance with Los Angeles
Capital's investment philosophy and process. Mr. Arche works to ensure that portfolios reflect the investment outlook
of Los Angeles Capital’s Dynamic Alpha Stock Selection Model® and that portfolios are operating within expected risk
tolerances and guidelines. He recommends changes to portfolio parameters with the goal of enhancing returns or better
controlling risk. Mr. Arche is a member of Los Angeles Capital’s Investment Committee and chairs the Portfolio Review
Committee that reviews the performance, risk profile and characteristics of client portfolios and the outlook of the
Model.
Daniel E. Allen, CFA - Chief Executive officer and Senior Portfolio Manager
Start date on the Fund: January 2023
Daniel E. Allen shares primary responsibility for the day-to-day management of the investment program for Los Angeles
Capital's portion of the Fund. Mr. Allen is responsible for implementing Los Angeles Capital’s mission, vision and
business strategies across the organization. Mr. Allen is a senior member of the Portfolio Management team and a
member of the firm’s Investment Committee. He has worked in investment management since 1983 and has worked with
equity management, private markets, asset management and in consulting.
On Nov. 4, 2014, Class B shares of the Fund converted to Class A shares.
The table below describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table below.
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."
| 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 | 0.28% |
| Total annual fund operating expenses | 1.21% |
| Fee waivers and expense reimbursements | (0.01%) |
| 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 | American Century Investment Management, Inc | Delaware Management Company | Los Angeles Capital | Total |
|---|
| 09/30/2024 | 48.76% | 0.00% | 51.24% | 100% |
| 10/31/2024 | 48.80% | 0.00% | 51.20% | 100% |
| 11/30/2024 | 48.68% | 0.00% | 51.32% | 100% |
| 12/31/2024 | 48.55% | 0.00% | 51.45% | 100% |
| 01/31/2025 | 48.51% | 0.00% | 51.49% | 100% |
| 02/28/2025 | 48.17% | 0.00% | 51.83% | 100% |
| 03/31/2025 | 48.09% | 0.00% | 51.91% | 100% |
| 04/30/2025 | 49.44% | 0.00% | 50.56% | 100% |
| 05/31/2025 | 49.31% | 0.00% | 50.69% | 100% |
| 06/30/2025 | 49.18% | 0.00% | 50.82% | 100% |
| 07/31/2025 | 48.87% | 0.00% | 51.13% | 100% |
| 08/31/2025 | 48.87% | 0.00% | 51.13% | 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.
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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