Investment objective & strategy
As of Jan. 22, 2026 · prospectusObjective. The fund has an investment objective of long-term capital growth.
Strategy. The fund invests in a select group of large market capitalization growth companies believed by the funds subadviser to be undervalued relative to their future growth potential. The investment strategy emphasizes companies the subadviser believes to have a sustainable competitive advantage, strong management and low financial risk, and to be able to grow over market cycles. Although the fund invests primarily in U.S. companies, it may invest in foreign securities and depositary receipts. Under normal circumstances, the fund invests at least 65% of its assets in equity securities of large market capitalization companies. As of the date of this Prospectus, the funds subadviser considers large market capitalization companies for this purpose to be those companies that, at the time of … The fund invests in a select group of large market capitalization growth companies believed by the funds subadviser to be undervalued relative to their future growth potential. The investment strategy emphasizes companies the subadviser believes to have a sustainable competitive advantage, strong management and low financial risk, and to be able to grow over market cycles. Although the fund invests primarily in U.S. companies, it may invest in foreign securities and depositary receipts. Under normal circumstances, the fund invests at least 65% of its assets in equity securities of large market capitalization companies. As of the date of this Prospectus, the funds subadviser considers large market capitalization companies for this purpose to be those companies that, at the time of initial purchase, have market capitalizations generally within the range of companies included in the Russell 1000 Growth Index on a rolling three-year basis. On this basis, as of September 30, 2025, the total market capitalization range of companies included in the Russell 1000 Growth Index over the past three years was $304 million to $4.53 trillion. The fund may also invest in small and medium capitalization companies. Generally, the fund invests in approximately 25 to 50 securities at any given time.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $52.33M | 9.22% |
| AMPHENOL CORPORATION CL A | — | $44.04M | 7.76% |
| VISA INC-CLASS A | — | $36.95M | 6.51% |
| AMAZON.COM INC | — | $35.84M | 6.31% |
| ALPHABET INC CL A | — | $33.21M | 5.85% |
| META PLATFORMS INC CL A | — | $23.15M | 4.08% |
| CLOUDFLARE INC-A | — | $19.03M | 3.35% |
| SHOPIFY INC CL A | — | $18.70M | 3.30% |
| SNOWFLAKE INC CL A | — | $18.34M | 3.23% |
| LILLY ELI and CO | — | $17.81M | 3.14% |
Portfolio moves
Dec 31, 2025 → Mar 31, 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. |
|---|---|---|
| Virtus KAR Capital Growth Series | 100% | 1.03% |
| BARON FIFTH AVENUE GROWTH FUND · BFTHX, BFTIX, BFTUX | 46% | 0.75% |
| Dana Unconstrained Equity ETF · DUNK | 45% | 0.75% |
Footnotes
- Expense ratio as of January 22, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.