Investment objective & strategy
As of Feb. 28, 2023 · prospectusObjective. The Fund seeks long-term capital appreciation.
Strategy. Under normal circumstances, the Fund seeks to achieve its investment objective by investing primarily in common stocks of issuers located in the United States. Wellington Management Company LLP (Wellington Management), the Funds sub-adviser, chooses the Funds investments using fundamental research to seek to identify high-quality companies demonstrating a commitment to dividends and shareholders and improving or sustainable operating characteristics. Wellington Managements investment process focuses on companies that it believes are undervalued market leaders, industries with improving supply/demand trends, and companies that it believes are out-of-favor with less downside risk than the overall market. Wellington Management also integrates the evaluation of financially material environmental, social, and/or governance (ESG) characteristics (where available for a company) into its fundamental analysis. ESG characteristics are … Under normal circumstances, the Fund seeks to achieve its investment objective by investing primarily in common stocks of issuers located in the United States. Wellington Management Company LLP (Wellington Management), the Funds sub-adviser, chooses the Funds investments using fundamental research to seek to identify high-quality companies demonstrating a commitment to dividends and shareholders and improving or sustainable operating characteristics. Wellington Managements investment process focuses on companies that it believes are undervalued market leaders, industries with improving supply/demand trends, and companies that it believes are out-of-favor with less downside risk than the overall market. Wellington Management also integrates the evaluation of financially material environmental, social, and/or governance (ESG) characteristics (where available for a company) into its fundamental analysis. ESG characteristics are one of several factors that contribute to Wellington Managements overall evaluation of the risk and return potential of a company. The Fund may invest in a broad range of market capitalizations, but tends to focus on large capitalization companies with market capitalizations similar to those of companies in the Russell 1000 Value Index. The Funds portfolio seeks to be broadly diversified by company and industry. Based on market or economic conditions, the Fund may, through its normal stock selection process, focus in one or more sectors of the market.
Top holdings
As of July 31, 2023 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| JPMORGAN CHASE and CO | — | $8.18M | 3.42% |
| TOTALENERGIES SE ADR | TTE | $6.58M | 2.75% |
| CHEVRON CORP | — | $5.87M | 2.45% |
| EOG RESOURCES INC | — | $5.85M | 2.45% |
| UNITEDHEALTH GRP | — | $5.83M | 2.44% |
| COMCAST CORP CL A | — | $5.53M | 2.31% |
| PHILIP MORRIS INTL INC | — | $5.48M | 2.29% |
| ALPHABET INC CL A | — | $5.25M | 2.20% |
| ASTRAZENECA PLC SPONS ADR | — | $5.16M | 2.16% |
| MEDTRONIC PLC | — | $4.95M | 2.07% |
Portfolio moves
Apr 30, 2023 → Jul 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. |
|---|---|---|
| PF Large-Cap Value Fund | 29% | 0.80% |
| Fidelity Large Cap Value Enhanced Index Fund | 25% | 0.39% |
| Ziegler FAMCO Hedged Equity Fund | 25% | 0.70% |
Footnotes
- Net assets and holdings count as of July 31, 2023, from the fund's N-PORT filing.
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