Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. The Fund seeks long-term growth of capital.
Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in growth equity securities of companies with large market capitalizations. For this Fund, large market capitalization growth equity securities are securities (i) with market capitalizations within the range of companies comprising the Russell 1000 Index (as of January 30, 2026, this was between approximately $1.2 billion and $4.7 trillion), and (ii) that are included within at least one of the following growth indices: the MSCI All Country World IMI Growth Index, the S&P 1500 Growth Index, or the Russell 3000 Growth Index. The Fund also invests in equity securities of companies with medium market capitalizations. The Fund is primarily actively managed … Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in growth equity securities of companies with large market capitalizations. For this Fund, large market capitalization growth equity securities are securities (i) with market capitalizations within the range of companies comprising the Russell 1000 Index (as of January 30, 2026, this was between approximately $1.2 billion and $4.7 trillion), and (ii) that are included within at least one of the following growth indices: the MSCI All Country World IMI Growth Index, the S&P 1500 Growth Index, or the Russell 3000 Growth Index. The Fund also invests in equity securities of companies with medium market capitalizations. The Fund is primarily actively managed by the sub-advisors. In addition, Principal Global Investors, LLC may invest up to 30% of the Funds assets using an index sampling strategy designed to match the performance of the Russell 1000 Growth Index. The Fund is considered non-diversified, which means it can invest a higher percentage of assets in securities of individual issuers than a diversified fund. As a result, changes in the value of a single investment could cause greater fluctuations in the Funds share price than would occur in a more diversified fund.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| NVIDIA CORP | — | $710.73M | 10.69% |
| MICROSOFT CORP | — | $607.98M | 9.14% |
| APPLE INC | — | $467.93M | 7.04% |
| ALPHABET INC CL A | — | $390.27M | 5.87% |
| BROADCOM INC | — | $335.68M | 5.05% |
| AMAZON.COM INC | — | $318.00M | 4.78% |
| META PLATFORMS INC CL A | — | $265.50M | 3.99% |
| MASTERCARD INC CL A | — | $201.96M | 3.04% |
| INTUITIVE SURGICAL INC | — | $154.59M | 2.32% |
| INTUIT INC | — | $131.37M | 1.98% |
Portfolio moves
Oct 31, 2025 → Jan 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. |
|---|---|---|
| LargeCap Growth Account I | 90% | 0.67% |
| Growth Fund · HNASX | 79% | 0.82% |
| T. Rowe Price Large-Cap Growth Fund · TRLGX, TRGOX | 78% | 0.55% |
Advisers
| Firm | Role |
|---|---|
| Brown Advisory LLC | Sub-adviser |
| T. Rowe Price Associates, Inc. | Sub-adviser |
| Principal Global Investors, LLC | Adviser |
Footnotes
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
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