Fund Evaluator:
Optimum Large Cap Value C (OCLVX)
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Fund Details
Optimum Large Cap Value C Overview
Optimum Large Cap Value C (OCLVX) is an actively managed U.S. Equity Large Value fund. Nomura launched the fund in 2003.
The investment seeks long-term growth of capital and may also seek income. Under normal circumstances, the fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities of large market capitalization companies (80% policy). For purposes of this fund, large market capitalization companies are those companies whose market capitalization is similar to the market capitalization of companies in the Russell 1000 ® Value Index.
About Optimum Large Cap Value C (OCLVX)
There are 4 members of the management team with an average tenure of 6.08 years: Paul Roukis (2016), Jeff Agne (2020), Katherine Cannan (2019), Thomas Crowley (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Russell 1000 TR USD index with a weighting of 100% and Russell 1000 Value TR USD index with a weighting of 100%. Optimum Large Cap Value C has 127 securities in its portfolio. The top 10 holdings constitute 21.4% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Optimum Large Cap Value C is part of the Equity global asset class and is within the U.S. Equity fund group. Optimum Large Cap Value C has 1.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.0%. There is 1.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Optimum Large Cap Value C has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $213 million in total assets, which is below the $1 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
OCLVX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Optimum Large Cap Value C expense ratio is high compared to funds in the Large Value category. Optimum Large Cap Value C has an expense ratio of 1.92%, which is 108% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Optimum Large Cap Value C has a portfolio turnover rate of 16%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 62% for the Large Value category.
Recently, in the month of July 2026, Optimum Large Cap Value C returned 3.9%, which earned it a grade of B, as the Large Value category had an average return of 2.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Optimum Large Cap Value C has a trailing yield of 0.00%, which is below the 1.20% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Optimum Large Cap Value C Grades
Year to date, the fund has returned 12.2%, 2.1 percentage points worse than the category, which translates into a grade of D. The fund has returned 20.5% over the past year (grade of D), 13.7% over the past three years (grade of D) and 9.1% per year over the past five years (grade of F) and 9.7% per year over the past 10 years (grade of F).
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OCLVX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| OCLVX Return (NAV) | 3.9% | 5.7% | 20.5% | 13.7% | 9.1% | 9.7% |
| OCLVX Grade | B | C | D | D | F | F |
| +/- Category | 1.0% | -0.5% | -3.3% | -2.0% | -1.7% | -1.6% |
| Large Value Avg | 2.9% | 6.2% | 23.8% | 15.7% | 10.9% | 11.3% |
| OCLVX Tax Cost Ratio | na | na | 1.6% | 2.1% | 1.8% | 1.4% |
OCLVX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| OCLVX Return (NAV) | 12.2% | 13.6% | 12.5% | 8.8% | -7.0% | 25.9% | 1.6% | 26.6% | -10.3% | 15.2% | 10.2% |
| OCLVX Grade | D | D | D | D | D | C | D | B | D | D | F |
| +/- Category | -2.1% | -1.6% | -1.6% | -3.1% | -1.0% | 0.1% | -2.2% | 1.0% | -1.8% | -1.2% | -4.4% |
| Large Value Avg | 14.3% | 15.2% | 14.1% | 11.8% | -6.0% | 25.8% | 3.8% | 25.6% | -8.5% | 16.4% | 14.6% |
| Risk Measures | |
| Standard Deviation: | 11.5% |
| Total Risk Index: | 0.94 - Average |
| Category Risk Index: | 0.95 - Below Average |
| Category Risk Grade: | B (30% Rank) |
| Beta: | 0.68 |
| R-Squared: | 60% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1936 Mil |
| Fund Total Assets: | $ 0 Mil |
| Share Class Type: | C |
| Portfolio Turnover: | 16% |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 9.8 years | |||
| Average Tenure: 6.1 years | |||
| Managers (Year): Roukis Paul (2016), Cannan Katherine (2019), Agne Jeff (2020), Crowley Thomas (2024) | |||
Portfolio Composition (as of 4/30/26)
| # of Holdings: | 127 |
| % in Top 10 Holdings: | 21.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 1.8% |
Portfolio Allocation |
|
| Domestic Stock: | 97.0% |
| Foreign Stock: | 1.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.2% |
Purchase Information
| Fund Family: | Nomura |
| Phone Number: | 800-914-0278 |
| Website: | www.optimummutualfunds.com |
| Status: | Open |
| Inception Date: | August 1, 2003 |
| Min. Initial Purchase: | $1,000 |
| Min. Initial IRA Purchase: | $ 250 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 1.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 1.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.92% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.93% |
| Share Class: | Optimum Large Cap Value Instl |
| Min. Subsequent Purchase: | $ 100 |
| Min. Subsequent IRA Purchase: | $ 25 |
