Investment objective & strategy
As of April 14, 2022 · prospectusObjective. The investment objective of the Portfolio is to seek capital growth. Income is not an investment objective and any income realized on the Portfolio's investments, therefore, will be incidental to the Portfolio's objective.
Strategy. In pursuing its investment objective, the Portfolio normally invests at least 80% of its assets (net assets plus any borrowings made for investment purposes) in the common stocks of large companies that are selected for their growth potential. Large companies are defined as those companies within the market capitalization range of the Russell 1000 Growth Index. The Portfolio will normally hold a core position of between 30 and 40 common stocks. The Portfolio may hold a limited number of additional common stocks at times when the portfolio manager is accumulating new positions, phasing out and replacing existing positions, or responding to exceptional market conditions. The Portfolio employs a growth style of equity management that emphasizes companies with sustainable competitive advantages … In pursuing its investment objective, the Portfolio normally invests at least 80% of its assets (net assets plus any borrowings made for investment purposes) in the common stocks of large companies that are selected for their growth potential. Large companies are defined as those companies within the market capitalization range of the Russell 1000 Growth Index. The Portfolio will normally hold a core position of between 30 and 40 common stocks. The Portfolio may hold a limited number of additional common stocks at times when the portfolio manager is accumulating new positions, phasing out and replacing existing positions, or responding to exceptional market conditions. The Portfolio employs a growth style of equity management that emphasizes companies with sustainable competitive advantages versus others, long-term structural growth drivers that will lead to above-average future cash flow growth, attractive cash flow returns on invested capital, and management teams focused on creating long-term value for shareholders. The portfolio manager aims to invest in companies when they trade at a significant discount to the estimate of intrinsic value (i.e. companies with share prices trading significantly below what the portfolio manager believes the share prices should be.).
Top holdings
As of March 31, 2022 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $101.75M | 7.01% |
| PGIM Institutional Money Market Fund - D | — | $99.18M | 6.83% |
| AMAZON.COM INC | — | $96.39M | 6.64% |
| VISA INC-CLASS A | — | $84.39M | 5.81% |
| MICROSOFT CORP | — | $72.93M | 5.02% |
| META PLATFORMS INC CL A | — | $66.42M | 4.58% |
| BOEING CO/THE | — | $64.51M | 4.44% |
| ALPHABET INC CL A | — | $61.21M | 4.22% |
| ORACLE CORP | — | $59.46M | 4.10% |
| SALESFORCE INC | — | $49.70M | 3.42% |
Portfolio moves
Dec 31, 2021 → Mar 31, 2022How 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. |
|---|---|---|
| AST Jennison Large-Cap Growth Portfolio | 39% | 0.98% |
| Siren Large Cap Blend Index ETF | 35% | — |
| AB FlexFee Large Cap Growth Portfolio | 35% | — |
Footnotes
- Net assets and holdings count as of March 31, 2022, from the fund's N-PORT filing.
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