Investment objective & strategy
As of April 14, 2023 · prospectusObjective. The fund seeks long-term capital growth.
Strategy. The portfolio managers look for stocks of companies they believe will increase in value over time. The portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts. Management of the fund is based on the belief that, over the long term, stock price movements follow growth in earnings, revenues and/or cash flow. The portfolio managers use a variety of analytical research tools and techniques to identify the stocks of larger-sized companies that meet their investment criteria. Under normal market conditions, the portfolio managers seek securities of companies whose earnings or revenues are not only growing, but growing at an accelerated pace. This includes companies whose growth rates, although still negative, … The portfolio managers look for stocks of companies they believe will increase in value over time. The portfolio managers make their investment decisions based primarily on their analysis of individual companies, rather than on broad economic forecasts. Management of the fund is based on the belief that, over the long term, stock price movements follow growth in earnings, revenues and/or cash flow. The portfolio managers use a variety of analytical research tools and techniques to identify the stocks of larger-sized companies that meet their investment criteria. Under normal market conditions, the portfolio managers seek securities of companies whose earnings or revenues are not only growing, but growing at an accelerated pace. This includes companies whose growth rates, although still negative, are less negative than prior periods, and companies whose growth rates are expected to accelerate. Among other variables, the portfolio managers will consider the funds growth and momentum profile relative to the benchmark. Other analytical techniques help identify additional signs of business improvement, such as increasing cash flows, or other indications of the relative strength of a companys business. In addition to accelerating growth and other signs of business improvement, the fund also considers companies demonstrating price strength relative to their peers. This means that the portfolio managers favor companies whose securities are the strongest performers compared to the overall market. These techniques help the portfolio managers make decisions about buying or holding the stocks of companies they believe have favorable growth prospects and selling the stocks of companies whose characteristics no longer meet their criteria. 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. Although the portfolio managers intend to invest the funds assets primarily in U.S. securities, the fund may invest in securities of foreign companies when these securities meet the portfolio managers standards of selection. The fund may write covered calls on a portion of the funds holdings in common stock when the portfolio managers believe call premiums are attractive relative to the price of the underlying security.
Top holdings
As of March 31, 2024 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| APPLE INC | — | $34.74M | 9.53% |
| NVIDIA CORP | — | $32.73M | 8.97% |
| MICROSOFT CORP | — | $23.84M | 6.54% |
| AMAZON.COM INC | — | $21.31M | 5.84% |
| MASTERCARD INC CL A | — | $15.26M | 4.18% |
| ALPHABET INC CL C | — | $13.39M | 3.67% |
| ALPHABET INC CL A | — | $12.08M | 3.31% |
| LILLY ELI and CO | — | $9.72M | 2.66% |
| CHIPOTLE MEXICAN GRILL INC | — | $9.36M | 2.57% |
| META PLATFORMS INC CL A | — | $9.31M | 2.55% |
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 Growth Fund | 51% | 0.76% |
| Goldman Sachs Concentrated Growth Fund | 49% | 0.75% |
| Nationwide Nasdaq-100 Risk-Managed Income ETF | 49% | 0.68% |
Footnotes
- Net assets and holdings count as of March 31, 2024, from the fund's N-PORT filing.
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