Skip to main content

Address And Details

One Franklin Pkwy , San Mateo, CA 94403
Fund Manager Michael McCarthy
Manager Tenure 28 Years 10 Months

Strategy And Objective

Long-term capital growth. Under normal market conditions, the Fund invests at least 80% of its net assets in the equity securities of small-capitalization (small-cap) and mid-capitalization (mid-cap) companies. For this Fund, small-cap companies are companies within the market capitalization range of companies in the Russell 2500 ¢ Index, at the time of purchase, and mid-cap companies are companies within the market capitalization range of companies in the Russell Midcap ® Index, at the time of purchase. Under normal market conditions, the Fund invests predominantly in equity securities, predominantly in common stock. The Fund, from time to time, may have significant positions in particular sectors such as information technology (including technology services and technology equipment and hardware), consumer discretionary, healthcare and industrials. The Fund may make private investments in companies whose securities are not publicly traded (including companies that have not yet issued securities publicly in an initial public offering ("IPO")), often in the form of private placements, which are exempt from registration under the federal securities laws and are only sold to certain investors meeting predefined criteria. The investment manager uses fundamental, "bottom-up" research to seek companies meeting its criteria of growth potential, quality and valuation. In seeking sustainable growth characteristics, the investment manager looks for companies that it believes can produce sustainable earnings and cash flow growth, evaluating the long term market opportunity and competitive structure of an industry to target leaders and emerging leaders. In assessing value, the investment manager considers whether security prices fully reflect the balance of the sustainable growth opportunities relative to business and financial risks.

Net Asset Value

as of 5:37 PM ET 01/20/2022

Performance

  • 1 Week
  • -4.91%
  • 1 Month
  • -11.51%
  • 3 Months
  • -30.41%
  • 1 Yr Return
  • -23.58%
  • 5 Yr Return
  • +15.34%

Equity Sector Breakdown

Technology 34.17%
RetailTrade 16.41%
Health 9.06%
IndustrialCyclical 8.81%
NonDurables 7.71%
Services 6.02%
Finance 4.69%
ConsumerDurables 4.63%
Energy 0.26%
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 95.62%
Convertible 1.52%
ForeignStocks 0.54%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 3.90 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 3.72 2.08 -0.92
Beta 1.05 1.05 1.06
R Squared 0.70 0.74 0.74
Std Deviation 21.82 18.83 16.07
Sharpe Ratio 1.52 1.17 n/a

Purchase Information

as of 5:45 PM ET 01/19/2022
Minimum Initial $1000
Minimum Additional $0
Minimum Initial IRA $250

Performance

Timeframe Average Annual Current Performance Monthly As Of 12/31/2021 Average Annual Current Performance Quarterly As Of 12/31/2021 Avg Annual Current Performance Monthly As Of 12/31/2021 Avg Annual Current Performance Quarterly As Of 12/31/2021
1 Year
  • +9.91%
  • +9.91%
+9.91% +9.91%
3 Year
  • +31.22%
  • +31.22%
+31.22% +31.22%
10 Year
  • +16.03%
  • +16.03%
+16.03% +16.03%
Life Of Fund
  • +11.83%
  • +11.83%
+11.83% +11.83%

Top 10 Holdings

Symbol Company Name % Of Assets
SHRT TOTAL*SHORT TERM INVESTMENTS 4.07%
SNPS SYNOPSYS INC 2.50%
IDXX IDEXX LABORATORIES INC 2.15%
SITM SITIME CORPORATION 1.97%
DOCU DOCUSIGN INC 1.95%
PCTY PAYLOCITY HOLDING CORPORATIO 1.91%
MSCI MSCI INC A 1.86%
CSGP COSTAR GROUP INC 1.71%
VEEV VEEVA SYSTEMS INC 1.61%
NET CLOUDFLARE INC 1.61%

LATEST NEWS

Recent Articles from TheStreet

SPAC Special Purpose Acquisition Company Lead

SPACs Reportedly Lose 2020 Luster; Many Stock Prices Off Sharply

Shares of half the companies that finished SPAC deals in the past two years are down 40% or more, The Wall Street Journal reports.

Cryptocurrency Lead

Crypto Market Lost $1.2 Trillion in 74 Days - and It Might Not Be Over Yet

The ongoing crash in the crypto market has shed roughly $1.2 trillion in value since November 8, and could decline further as "crypto winter" takes hold.

NYSE Stock Trader

Stock Market Today - 1/21: Netflix Leads Extended Tech Slump, Market Volatility Gauge Leaps

Netflix will pace an extended tech stock slump Friday as the Nasdaq navigates its worst start to the year since 2008.

El Salvadorians protest in the capital San Salvador against the adoption of bitcoin as legal tender on September 7. Photo: Reuters

Bitcoin Is Getting Crushed. What Is Bitcoin Really Worth?

Bitcoin has now lost more than 40% of its value since touching nearly $70,000 in November. But what is a bitcoin actually worth, and why?

Netflix Lead

Netflix Stock Plunges On Weak Subscriber Growth Outlook As Streaming Competition Bites

Netflix made a rare concession to its competitors late Thursday by suggestion they could be affecting its ability to attract new users to the market's biggest streaming platform.

Mirror Peloton Lead

Peloton Stock Rebounds As CEO Hits Back At 'False' Production Halt Report, Plans Costs Cuts

Peloton said reports of a production halt were 'false', but nonetheless vowed "significant corrective actions to improve our profitability outlook and optimize our costs across the company."

Intel Lead

Intel Invests $20 Billion To Build Two Chipmaking Plants In Ohio

“Intel’s new facilities will be transformative for our state, creating thousands of good-paying jobs in Ohio manufacturing strategically vital semiconductors," said Governor Mike DeWine.

Wall Street Lead

Netflix, Peloton, Intel, Microsoft And Slumping Tech Stocks - Five Things You Must Know

Stock futures trade mixed amid the worst week for tech since October of 2020; Netflix shares plunge on weak subscriber growth forecasts; Peloton hits back at "false" production pause report; Intel unveils plans to invest $20 billion in two chipmaking plants in Ohio and Microsoft says it will keep the Call of Duty game on PlayStation after its $69 billion Activision takeover.

Federal Reserve thumb

Bitcoin Slides as Fed Studies Issuing a Cryptocurrency

Central bank says it won't act to create a cryptocurrency without support from Congress and the White House.