For information on the outcome of the Fund's special meeting of shareholders, please see the Fund's prospectus supplement dated January 23, 2024.
Objective
Seeks capital appreciation.
Overview
An opportunistic, multi-cap growth fund that looks for early signs of accelerating fundamentals.
The portfolio managers are supported by the full resources of Wellington.
Performance
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.
SI = Since Inception.
Fund Inception: 03/31/1963
Share Class Inception: 12/22/06.
Class R5-share performance prior to its inception date reflects Y-share performance and operating expenses. SI performance is calculated from 02/19/02.
Characteristics
# of Holdings | 56 |
---|---|
% in Equities | 99 |
% in Foreign Equities | 2 |
Beta (3 year) | 1.10 |
R Squared (3 year) | 0.92 |
Standard Deviation | 24.03% |
Turnover- (12/31/2023) | 87% |
Active Share | 62% |
FUND | Russell 3000 Growth Index | |
---|---|---|
As of Date | 2/29/2024 | --- |
Price/Earnings | 35.6x | 28.2x |
Price/Book | 10.0x | 12.6x |
EPS Growth Rate | 30.3% | 17.7% |
Asset Weighted Market Cap (billions) | $762.9 | $1132.4 |
Return on Equity | 19.6% | 44.2% |
Median Market Cap (billions) | $50.1 | $2.4 |
NVIDIA Corp. | 9.96 |
Amazon.com, Inc. | 8.59 |
Meta Platforms, Inc. | 5.86 |
Eli Lilly & Co. | 4.42 |
Alphabet, Inc. | 4.31 |
Microsoft Corp. | 4.26 |
Broadcom, Inc. | 3.03 |
Salesforce, Inc. | 2.89 |
Tradeweb Markets, Inc. | 2.47 |
ServiceNow, Inc. | 2.38 |
Total Portfolio % | 48.17 |
Less than $2 billion | 0 | |
$2 billion - $5 billion | 0 | |
$5 billion - $10 billion | 1 | |
Greater than $10 billion | 97 | |
Not Classified | 2 |
Alpha (5 Year)
|
-3.81 |
Down Capture (5 Year)
|
114.90 |
Information Ratio (5 Year)
|
-0.48 |
Sharpe Ratio (5 Year)
|
0.61 |
Up Capture (5 Year)
|
101.05 |
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
---|---|---|---|---|---|---|---|
12/31/23 | 2/29/24 | 2/29/24 | -7 0 7 | ||||
Communication Services | 17 | 18 | 11 | ||||
Consumer Discretionary | 14 | 16 | 15 | ||||
Health Care | 16 | 12 | 11 | ||||
Financials | 6 | 6 | 6 | ||||
Materials | 1 | 1 | 1 | ||||
Energy | 1 | 1 | 1 | ||||
Real Estate | 1 | 1 | 1 | ||||
Utilities | 0 | 0 | 0 | ||||
Industrials | 5 | 4 | 6 | ||||
Consumer Staples | 2 | 2 | 4 | ||||
Information Technology | 37 | 38 | 43 |
Insights
Fund Literature