Investment objective & strategy
As of Dec. 21, 2023 · prospectusObjective. Capital appreciation.
Strategy. The Fund will invest, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of large capitalization (or cap) companies or in other investments with similar economic characteristics. The Fund defines large cap companies as companies whose market capitalizations typically fall within the range of the Russell 1000 Index. The market capitalization of the companies in large-cap market indices and the Funds portfolio changes over time. The Fund may invest up to 10% of its assets in the securities of foreign issuers that are not traded on a U.S. exchange or the U.S. over-the-counter market. The Fund may also lend portfolio securities to earn additional income. … The Fund will invest, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in the equity securities of large capitalization (or cap) companies or in other investments with similar economic characteristics. The Fund defines large cap companies as companies whose market capitalizations typically fall within the range of the Russell 1000 Index. The market capitalization of the companies in large-cap market indices and the Funds portfolio changes over time. The Fund may invest up to 10% of its assets in the securities of foreign issuers that are not traded on a U.S. exchange or the U.S. over-the-counter market. The Fund may also lend portfolio securities to earn additional income. Any income realized through securities lending may help Fund performance. The Fund employs a multi-manager strategy whereby portions of the Fund are allocated to professional money managers (each, a Sub-adviser, collectively, the Sub-advisers) who are responsible for investing the assets of the Fund.
Top holdings
As of Nov. 30, 2024 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MICROSOFT CORP | — | $153.67M | 5.37% |
| NVIDIA CORP | — | $129.07M | 4.51% |
| APPLE INC | — | $123.15M | 4.31% |
| AMAZON.COM INC | — | $102.76M | 3.59% |
| META PLATFORMS INC CL A | — | $57.50M | 2.01% |
| ALPHABET INC CL A | — | $48.66M | 1.70% |
| JPMORGAN CHASE and CO | — | $42.40M | 1.48% |
| VISA INC-CLASS A | — | $40.53M | 1.42% |
| ALPHABET INC CL C | — | $38.98M | 1.36% |
| BERKSHIRE HATH-B | — | $38.12M | 1.33% |
Portfolio moves
Aug 31, 2024 → Nov 30, 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. |
|---|---|---|
| Strategic Advisers Large Cap Fund · FALCX | 67% | 0.24% |
| Global X S&P 500 ESG Covered Call ETF | 59% | 0.60% |
| MM Equity Asset Fund | 57% | 0.28% |
Footnotes
- Expense ratio as of December 21, 2023, from the fund's prospectus.
- Net assets and holdings count as of November 30, 2024, from the fund's N-PORT filing.
- Total return for calendar year 2023, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2023 (the latest prospectus does not yet chart this year).
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