Investment objective & strategy
As of July 28, 2022 · prospectusObjective. This Fund seeks long-term growth of capital;
Strategy. Under normal circumstances, this Fund invests at least 80% of its assets in common stocks of large companies. The sub-adviser considers a company to be a large company if it is within the range of the Funds current benchmark index, the Russell 1000 Value Index, which measures the performance of the large-capitalization value segment of the U.S. equity universe. As of March 31, 2022, the market capitalization range of the Russell 1000 Value Index was approximately $363.0 million to $1.9 trillion. As of March 31, 2022, the weighted average market capitalization of the Fund was approximately $226.9 billion. The Fund may also invest up to 20% of its assets in foreign securities, including issuers in emerging market countries, that may … Under normal circumstances, this Fund invests at least 80% of its assets in common stocks of large companies. The sub-adviser considers a company to be a large company if it is within the range of the Funds current benchmark index, the Russell 1000 Value Index, which measures the performance of the large-capitalization value segment of the U.S. equity universe. As of March 31, 2022, the market capitalization range of the Russell 1000 Value Index was approximately $363.0 million to $1.9 trillion. As of March 31, 2022, the weighted average market capitalization of the Fund was approximately $226.9 billion. The Fund may also invest up to 20% of its assets in foreign securities, including issuers in emerging market countries, that may be U.S. dollar or foreign currency denominated. The sub-adviser normally invests the Funds assets across different groups of industries/sectors, but may invest a significant percentage of the Funds assets in issuers in a single sector. As of March 31, 2022, a significant portion of the Fund is represented by securities of companies in the Financial sector. The components of the Fund are likely to change over time. The sub-adviser looks for companies it believes are undervalued. The sub-adviser will consider selling a portfolio security (i) to reduce or eliminate holdings that exceed position size limits; (ii) when it believes the security is approaching a full valuation or is not meeting fundamental expectations; or (iii) to pursue more attractive opportunities.
Top holdings
As of March 31, 2023 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| SEMPRA ENERGY | — | $5.80M | 4.46% |
| CONOCOPHILLIPS | — | $5.63M | 4.32% |
| JPMORGAN CHASE and CO | — | $4.86M | 3.73% |
| AMERICAN EXPRESS CO | — | $4.21M | 3.23% |
| RTX CORP | — | $4.20M | 3.23% |
| BANK OF AMERICA CORPORATION | — | $4.08M | 3.13% |
| TE CONNECTIVITY LTD | — | $4.03M | 3.10% |
| DEERE & CO | — | $4.00M | 3.07% |
| MOTOROLA SOLUTIONS INC | — | $3.90M | 3.00% |
| META PLATFORMS INC CL A | — | $3.77M | 2.89% |
Portfolio moves
Dec 30, 2022 → Mar 31, 2023How 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. |
|---|---|---|
| Blue Chip Fund | 38% | — |
| HARTFORD QUALITY VALUE FUND | 29% | 0.46% |
| Ziegler FAMCO Hedged Equity Fund | 27% | 0.70% |
Footnotes
- Net assets and holdings count as of March 31, 2023, from the fund's N-PORT filing.
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