Investment objective & strategy
As of April 14, 2022 · prospectusObjective. The investment objective of the Portfolio is to seek long-term growth of capital and future, rather than current, income.
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 common stocks and related securities, such as preferred stocks, convertible securities and depositary receipts. The Portfolio focuses on investing its assets in the stocks of companies the Portfolios subadviser, Massachusetts Financial Services Company, believes to have above average earnings growth potential compared to other companies (growth companies). While the Portfolio may invest its assets in securities of companies of any size, it primarily invests in securities of companies with large capitalizations. The Portfolio normally invest its assets across different industries and sectors, but the Portfolio may at times invest a large percentage of the Portfolios … 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 common stocks and related securities, such as preferred stocks, convertible securities and depositary receipts. The Portfolio focuses on investing its assets in the stocks of companies the Portfolios subadviser, Massachusetts Financial Services Company, believes to have above average earnings growth potential compared to other companies (growth companies). While the Portfolio may invest its assets in securities of companies of any size, it primarily invests in securities of companies with large capitalizations. The Portfolio normally invest its assets across different industries and sectors, but the Portfolio may at times invest a large percentage of the Portfolios assets in issuers in a single industry or sector. The Portfolio may also invest up to 35% of its net assets in foreign securities. The Portfolio uses an active bottom-up investment approach to buying and selling its investments. Investments are selected primarily based on fundamental analysis of individual issuers and their potential in light of their financial condition, and market, economic, political, and regulatory conditions. Factors considered may include analysis of an issuer's earnings, cash flows, competitive position, and management ability. Quantitative screening tools that systematically evaluate an issuer's valuation, price and earnings momentum, earnings quality, and other factors, may also be considered.
Top holdings
As of March 31, 2022 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MICROSOFT CORP | — | $113.99M | 11.49% |
| AMAZON.COM INC | — | $76.04M | 7.67% |
| ALPHABET INC CL A | — | $59.08M | 5.96% |
| APPLE INC | — | $50.51M | 5.09% |
| PGIM Institutional Money Market Fund - D | — | $44.97M | 4.53% |
| ADOBE INC | — | $33.97M | 3.43% |
| NVIDIA CORP | — | $33.74M | 3.40% |
| MASTERCARD INC CL A | — | $31.11M | 3.14% |
| VISA INC-CLASS A | — | $25.88M | 2.61% |
| DANAHER CORP | — | $23.56M | 2.38% |
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. |
|---|---|---|
| Lord Abbett Durable Growth Fund | 48% | 0.69% |
| AST Jennison Large-Cap Growth Portfolio | 46% | 0.98% |
| NT Growth Fund | 41% | 0.00% |
Footnotes
- Net assets and holdings count as of March 31, 2022, from the fund's N-PORT filing.
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