Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. The Congress Large Cap Growth ETF (the Large Cap Fund or Fund) seeks long-term capital growth.
Strategy. The Fund is an actively-managed exchange-traded fund (ETF). The Fund attempts to achieve its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of large-capitalization companies. The Fund defines large-capitalization companies as those whose market capitalization, at the time of purchase, are consistent with the market capitalizations of companies in the Russell 1000 Growth Index. As of June 30, 2025, the market capitalization of companies in the Russell 1000 Growth Index ranged from approximately $1.68 billion to $3.85 trillion. The Fund may invest any portion of the remaining 20% of its net assets from time to time in equity securities of small-capitalization and mid-capitalization companies. Equity securities in which … The Fund is an actively-managed exchange-traded fund (ETF). The Fund attempts to achieve its investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of large-capitalization companies. The Fund defines large-capitalization companies as those whose market capitalization, at the time of purchase, are consistent with the market capitalizations of companies in the Russell 1000 Growth Index. As of June 30, 2025, the market capitalization of companies in the Russell 1000 Growth Index ranged from approximately $1.68 billion to $3.85 trillion. The Fund may invest any portion of the remaining 20% of its net assets from time to time in equity securities of small-capitalization and mid-capitalization companies. Equity securities in which the Fund may invest include common stock and preferred stock. The Fund may also invest up to 20% of its total assets in U.S. dollar-denominated foreign equity securities, including through American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) issued by U.S. depository banks, which are traded on U.S. exchanges. The Advisor employs a bottom-up approach to stock selection which means that the Advisor chooses the ETFs investments based on a companys future prospects and not on any significant economic or market cycle. The Advisor also uses a growth style approach to select securities with a focus on high quality companies. The Advisors fundamental approach emphasizes growth of earnings and free cash flow. The Fund may, from time to time, have significant exposure to one or more sectors of the market. As of October 31, 2025, 42.2% of the Funds net assets were invested in securities within the Information Technology Sector. The Fund may also invest in other registered investment companies, including ETFs. The Advisor may sell a security for a number of reasons including, but not limited to, if it determines that the security no longer meets its investment criteria or if a new security is judged more attractive than a current holding.
Top holdings
As of April 30, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $24.87M | 6.62% |
| APPLE INC | — | $20.29M | 5.40% |
| ALPHABET INC CL A | — | $18.79M | 5.00% |
| MICROSOFT CORP | — | $18.79M | 5.00% |
| ARISTA NETWORKS INC | — | $17.56M | 4.67% |
| BROADCOM INC | — | $17.48M | 4.65% |
| GE VERNOVA LLC | — | $14.73M | 3.92% |
| EATON CORP PLC | — | $12.74M | 3.39% |
| AMAZON.COM INC | — | $12.01M | 3.20% |
| HOWMET AEROSPACE INC | — | $11.97M | 3.19% |
Portfolio moves
Jan 31, 2026 → Apr 30, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Congress Large Cap Growth Fund · CAMLX, CMLIX | 81% | 0.66% |
| Columbia Large Cap Growth Opportunity Fund · NFEAX, NFEPX, CADRX, CLRYX, CLGPX, NFEDX | 50% | 0.70% |
| The Gabelli Growth Fund · GGCAX, GABGX, GGCCX, GGCIX | 50% | 1.10% |
Advisers
| Firm | Role |
|---|---|
| Congress Asset Management Company | Adviser |
Footnotes
- Expense ratio as of February 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of April 30, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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