Investment objective & strategy
As of April 28, 2025 · prospectusObjective. The fund seeks capital appreciation.
Strategy. Investments We invest mainly in common stocks (growth or value stocks or both) of U.S. companies of any size that we believe have favorable investment potential. For example, we may purchase stocks of companies with stock prices that reflect a value lower than that which we place on the company. We may also consider other factors we believe will cause the stock price to rise. We may consider, among other factors, a companys valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. Under normal circumstances, we invest at least 80% of the funds net assets (plus the amount of any borrowings for investment purposes) … Investments We invest mainly in common stocks (growth or value stocks or both) of U.S. companies of any size that we believe have favorable investment potential. For example, we may purchase stocks of companies with stock prices that reflect a value lower than that which we place on the company. We may also consider other factors we believe will cause the stock price to rise. We may consider, among other factors, a companys valuation, financial strength, growth potential, competitive position in its industry, projected future earnings, cash flows and dividends when deciding whether to buy or sell investments. Under normal circumstances, we invest at least 80% of the funds net assets (plus the amount of any borrowings for investment purposes) in equity investments, including common stocks, preferred stocks, convertible securities, warrants, American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). This policy may be changed only after 60 days notice to shareholders.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $11.62M | 7.14% |
| APPLE INC | — | $10.23M | 6.29% |
| ALPHABET INC CL C | — | $8.77M | 5.39% |
| MICROSOFT CORP | — | $8.10M | 4.98% |
| AMAZON.COM INC | — | $6.11M | 3.75% |
| META PLATFORMS INC CL A | — | $4.25M | 2.61% |
| BROADCOM INC | — | $4.20M | 2.58% |
| TESLA INC | — | $3.10M | 1.91% |
| GOLDMAN SACHS GROUP INC | — | $3.07M | 1.89% |
| LAM RESEARCH CORP | — | $3.02M | 1.86% |
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. |
|---|---|---|
| Putnam Core Equity Fund | 93% | 0.63% |
| iShares S&P 100 ETF · OEF | 60% | 0.20% |
| VistaShares Target 15 S&P 100 Distribution ETF | 60% | — |
Advisers
| Firm | Role |
|---|---|
| Franklin Advisers, Inc. | Sub-adviser |
| Franklin Templeton Investment Management Limited | Sub-adviser |
| Putnam Investment Management, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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