Investment objective & strategy
As of April 14, 2023 · prospectusObjective. The fund seeks long-term capital growth.
Strategy. The fund invests primarily in larger companies. Under normal market conditions, the portfolio managers will invest at least 80% of the funds net assets in equity securities of companies comprising the Russell 1000 Index. Though market capitalization may change from time to time, as of February 28, 2023 , the market capitalization range of the Russell 1000 Index was approximately $ 394.4 million to $2 .3 trillion. In selecting stocks for the fund, the portfolio managers look for companies whose stock price may not adequately reflect the companys value. The managers attempt to purchase the stocks of these undervalued companies and hold each stock until the price has increased to, or is higher than, a level the managers believe more … The fund invests primarily in larger companies. Under normal market conditions, the portfolio managers will invest at least 80% of the funds net assets in equity securities of companies comprising the Russell 1000 Index. Though market capitalization may change from time to time, as of February 28, 2023 , the market capitalization range of the Russell 1000 Index was approximately $ 394.4 million to $2 .3 trillion. In selecting stocks for the fund, the portfolio managers look for companies whose stock price may not adequately reflect the companys value. The managers attempt to purchase the stocks of these undervalued companies and hold each stock until the price has increased to, or is higher than, a level the managers believe more accurately reflects the fair value of the company. The portfolio managers use a variety of analytical research tools and techniques to help them make decisions about buying or holding securities of companies that meet their investment criteria and selling the securities of companies that do not. In addition to fundamental financial metrics, the portfolio managers may also consider environmental, social, and/or governance (ESG) data. However, the portfolio managers may not consider ESG data with respect to every investment decision and, even when such data is considered, they may conclude that other attributes of an investment outweigh ESG considerations when making decisions for the fund. The portfolio managers may sell stocks from the funds portfolio if they believe a stock no longer meets their valuation criteria.
Top holdings
As of March 31, 2024 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| JOHNSON&JOHNSON | — | $7.19M | 4.74% |
| MEDTRONIC PLC | — | $6.79M | 4.47% |
| ZIMMER BIOMET HO | — | $6.00M | 3.95% |
| JPMORGAN CHASE and CO | — | $4.43M | 2.92% |
| EXXON MOBIL CORP | — | $3.86M | 2.55% |
| DUKE ENERGY CORP NEW | — | $3.66M | 2.41% |
| BERKSHIRE HATH-B | — | $3.38M | 2.23% |
| BANK OF NEW YORK MELLON CORP | — | $3.36M | 2.21% |
| COLGATE-PALMOLIVE CO | — | $3.26M | 2.15% |
| NORFOLK SOUTHERN CORP | — | $3.21M | 2.12% |
Portfolio moves
Dec 31, 2023 → Mar 31, 2024How 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. |
|---|---|---|
| VP Value Fund | 56% | 0.71% |
| VP Mid Cap Value Fund | 44% | 0.86% |
| Delaware Ivy Value Fund | 23% | 0.72% |
Footnotes
- Net assets and holdings count as of March 31, 2024, from the fund's N-PORT filing.
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.