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Address And Details

30 Hudson Street , Jersey City, NJ 07302
Fund Manager Justin Kelly
Manager Tenure 16 Years 2 Months

Strategy And Objective

The Fund seeks long-term growth of capital. Under normal circumstances, the Fund invests at least 80% of its assets (net assets plus any borrowings for investment purposes) in large capitalization companies, which are companies having a market capitalization in excess of $4 billion at the time of purchase. Typically, Winslow Capital Management, LLC, the Fund's Subadvisor, invests substantially all of the Fund's investable assets in domestic securities. However, the Fund is permitted to invest up to 20% of its net assets in foreign securities, which are generally securities issued by companies organized outside the United States or that trade primarily in non-U.S. securities markets.Investment Process: The Fund invests in those companies that the Subadvisor believes will provide an opportunity for achieving superior portfolio returns (i.e., returns in excess of the returns of the average stock mutual fund) over the long term. The Subadvisor seeks to invest in companies that have the potential for above-average future earnings and cash flow growth with management focused on shareholder value. When purchasing stocks for the Fund, the Subadvisor looks for companies typically having some or all of the following attributes: addressing markets with growth opportunities; leads or gains in market share; identifiable and sustainable competitive advantages; managed by a team that can perpetuate the firm's competitive advantages; high, and preferably rising, returns on invested capital deploys excess cash flow to enhance shareholder return; and demonstrates sound corporate governance. The Subadvisor may give consideration to certain environmental, social, and governance (ESG) criteria when evaluating an investment opportunity.The Subadvisor takes a "bottom-up" investment approach when selecting investments. This means it bases investment decisions on company specific factors, not general economic conditions.Under normal market conditions, the Subadvisor employs a sell discipline pursuant to which it may sell some or all of its position in a stock when a stock becomes fully valued, the fundamental business prospects are deteriorating, or the position exceeds limits set by the Subadvisor.

Net Asset Value

as of 5:57 PM ET 12/08/2021

Performance

  • 1 Week
  • -17.86%
  • 1 Month
  • -22.36%
  • 3 Months
  • -18.42%
  • 1 Yr Return
  • +2.41%
  • 5 Yr Return
  • +46.31%

Equity Sector Breakdown

Technology 48.23%
RetailTrade 14.89%
Finance 8.52%
NonDurables 5.52%
IndustrialCyclical 5.28%
Services 4.55%
ConsumerDurables 3.50%
Health 3.34%
Energy n/a
Utilities n/a

Asset Allocation

Asset Type % Of Allocation
Stocks 99.70%
ForeignStocks 3.44%
Cash 0.00%
Bonds 0.00%
Preferred 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 1.75 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 7.42 6.04 1.34
Beta 0.95 0.99 1.04
R Squared 0.88 0.83 0.83
Std Deviation 18.81 16.69 14.97
Sharpe Ratio 1.60 1.55 n/a

Purchase Information

as of 6:04 PM ET 12/07/2021
Minimum Initial $15000
Minimum Additional $0
Minimum Initial IRA $0

Performance

Timeframe Average Annual Current Performance Monthly As Of 11/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 11/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +29.50%
  • +26.76%
+29.50% +26.76%
3 Year
  • +28.07%
  • +21.20%
+28.07% +21.20%
10 Year
  • +18.27%
  • +18.73%
+18.27% +18.73%
Life Of Fund
  • +10.75%
  • +10.52%
+10.75% +10.52%

Top 10 Holdings

Symbol Company Name % Of Assets
MSFT MICROSOFT CORP 8.91%
AMZN AMAZON COM INC 6.75%
FB META PLATFORMS INC 4.93%
V VISA INC 4.30%
AAPL APPLE INC 3.80%
GOOG ALPHABET INC CLASS C 3.66%
GOOGL ALPHABET INC CLASS A 3.61%
ADBE ADOBE INC 3.56%
NKE NIKE INC 3.50%
MA MASTERCARD INC 3.10%

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