Investment objective & strategy
As of March 30, 2026 · prospectusObjective. The Fund seeks maximum total return and above peer average risk-adjusted return.
Strategy. The Fund invests primarily in equity securities of carefully selected, high-quality U.S. companies. The Fund invests primarily in the domestic equity securities of companies selected by Level Four Capital Management, LLC (Level Four or the Sub-Adviser) for their growth potential within various market sectors. The Fund emphasizes investments in large, seasoned companies. Under normal circumstances, the Fund will invest at least 80% of its net assets in common stocks of large-capitalization companies. For these purposes, large-capitalization companies are those that, at the time of investment, have market capitalizations of greater than $10 billion. While the market capitalizations of companies in the Bloomberg US 1000 Growth Index, the Funds benchmark index for performance comparison purposes, ranged from approximately $1.820 billion to … The Fund invests primarily in equity securities of carefully selected, high-quality U.S. companies. The Fund invests primarily in the domestic equity securities of companies selected by Level Four Capital Management, LLC (Level Four or the Sub-Adviser) for their growth potential within various market sectors. The Fund emphasizes investments in large, seasoned companies. Under normal circumstances, the Fund will invest at least 80% of its net assets in common stocks of large-capitalization companies. For these purposes, large-capitalization companies are those that, at the time of investment, have market capitalizations of greater than $10 billion. While the market capitalizations of companies in the Bloomberg US 1000 Growth Index, the Funds benchmark index for performance comparison purposes, ranged from approximately $1.820 billion to $4.531 trillion as of December 31, 2025, the Fund normally will invest in common stocks of companies with market capitalizations in the top half of that benchmark range. The Sub-Adviser expects that normally the Funds portfolio will tend to emphasize investments in securities issued by U.S. companies, although it may invest in foreign securities. The investment team allocates the Funds investments among broad sector groups based on the fundamental company research conducted by the Sub-Advisers internal research staff, assessing the current and forecasted investment opportunities and conditions, as well as diversification and risk considerations. The investment team may vary the percentage allocations among market sectors and may change the market sectors in which the Fund invests.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| APPLE INC | — | $8.45M | 7.35% |
| State Street Institutional Treasury Plus Money Market Fund- Premier Class | — | $7.99M | 6.95% |
| ALPHABET INC CL A | — | $7.88M | 6.86% |
| AMAZON.COM INC | — | $6.56M | 5.71% |
| MICROSOFT CORP | — | $5.31M | 4.62% |
| NVIDIA CORP | — | $4.68M | 4.08% |
| UNITEDHEALTH GRP | — | $3.42M | 2.98% |
| RH | — | $3.36M | 2.92% |
| UBER TECHNOLOGIES INC | — | $3.26M | 2.84% |
| META PLATFORMS INC CL A | — | $3.24M | 2.82% |
Portfolio moves
Nov 30, 2025 → Feb 28, 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. |
|---|---|---|
| First Trust Bloomberg R&D Leaders ETF · RND | 48% | 0.60% |
| Schwab Large-Cap Growth Fund · SWLSX | 47% | 0.99% |
| PGIM Jennison Diversified Growth Fund · TBDAX, TBDCX, TBDQX, TBDZX | 46% | 0.44% |
Advisers
| Firm | Role |
|---|---|
| ALPS Advisors, Inc. | Adviser |
| Level Four Capital Management | Sub-adviser |
Footnotes
- Expense ratio as of March 30, 2026, from the fund's prospectus.
- Net assets and holdings count as of February 28, 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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