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Research Driven
Seeks US companies with improving quality metrics, business momentum, and attractive relative valuations
Risk-Aware Approach
Time-tested, disciplined process that seeks to deliver competitive returns while minimizing unintended risks
Sub-advised by Wellington
Wellington prioritizes independent thought and collaboration across all major asset classes
Objective: Seeks growth of capital.
Portfolio Management
8
YRS
MANAGING THIS FUND
14
YRS
AT WELLINGTON MANAGEMENT
29
YRS
EXPERIENCE IN THIS INDUSTRY
8
YRS
MANAGING THIS FUND
24
YRS
AT WELLINGTON MANAGEMENT
24
YRS
EXPERIENCE IN THIS INDUSTRY
The portfolio managers are supported by the full resources of Wellington.
Performance
PERFORMANCE %
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
SI = Since Inception.
Fund Inception: 04/30/1998
Share Class Inception: 3/31/15.
Class I-share performance prior to its inception date reflects Class A-share performance (excluding sales charges) and operating expenses. SI performance is calculated from 4/30/98.
Characteristics
FUND STATS
| # of Holdings | 69 |
|---|---|
| % in Equities | 99 |
| % in Foreign Equities | 0 |
| Beta (3 year) | 0.94 |
| R Squared (3 year) | 0.99 |
| Standard Deviation | 16.07% |
| Turnover | 27% |
| Active Share | 49% |
Holdings Characteristics
| Price/Earnings | 23.3x |
|---|---|
| Price/Book | 6.2x |
| EPS Growth Rate | 12.9% |
| Asset Weighted Market Cap (billions) | $1123.9 |
| Return on Equity | 39.0% |
| Median Market Cap (billions) | $123.4 |
Top Ten Holdings (%)
| Apple, Inc. | 7.54 |
| Microsoft Corp. | 6.32 |
| NVIDIA Corp. | 5.48 |
| Amazon.com, Inc. | 5.25 |
| Alphabet, Inc. | 5.19 |
| Broadcom, Inc. | 2.81 |
| Mastercard, Inc. | 2.46 |
| Meta Platforms, Inc. | 2.44 |
| JP Morgan Chase & Co. | 2.42 |
| Eli Lilly & Co. | 2.10 |
| Total Portfolio % | 42.01 |
Market Cap Distribution (%)
| Less than $2 billion | 0 | |
| $2 billion - $5 billion | 0 | |
| $5 billion - $10 billion | 0 | |
| Greater than $10 billion | 100 | |
| Not Classified | 0 | |
RETURN CHARACTERISTICS
|
Alpha (5 Year)
|
-1.10 |
|
Down Capture (5 Year)
|
96.40 |
|
Information Ratio (5 Year)
|
-0.93 |
|
Sharpe Ratio (5 Year)
|
0.66 |
|
Up Capture (5 Year)
|
93.05 |
Sector Exposure (%)
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
|---|---|---|---|---|---|---|---|
| 12/31/24 | 1/31/25 | 1/31/25 | -2 0 2 | ||||
| Health Care | 12 | 12 | 10 | ||||
| Consumer Discretionary | 12 | 12 | 11 | ||||
| Utilities | 3 | 3 | 2 | ||||
| Materials | 2 | 3 | 2 | ||||
| Communication Services | 10 | 10 | 10 | ||||
| Industrials | 8 | 8 | 8 | ||||
| Energy | 3 | 3 | 3 | ||||
| Real Estate | 2 | 2 | 2 | ||||
| Information Technology | 32 | 30 | 31 | ||||
| Consumer Staples | 4 | 4 | 5 | ||||
| Financials | 12 | 12 | 14 | ||||
Based on Global Industry Classification Standard (GICS), which was developed by and is the exclusive property and a service mark of MSCI Inc. (MSCI) and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. (S&P). Excludes cash. May not total to 100% due to rounding and/or pooled vehicle allocations.
Past distributions are not indicative of future distributions.
Insights
Fund Literature
12/31/2024 - PDF (216 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and the current performance.
12/31/2024 - PDF (134 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
12/31/2024 - PDF (195 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
12/31/2024 - PDF (171 KB)
Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.
12/31/2024 - PDF (171 KB)
Attribution analysis is a method for evaluating the performance of a portfolio compared to the benchmark.
PDF (112 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
12/31/2024 - PDF (446 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, portfolio statistics, top holdings, and current performance.
An unaudited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
PDF (13 KB)
A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.
An audited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
Important Risks: Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • The securities of large market capitalization companies may underperform other segments of the market.
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