On September 13, 2024, the Fund’s Class C shares performed a reverse stock split. The Fund’s Class C reverse stock split reduced the number of outstanding shares and proportionately increased the net asset value (“NAV”) per share with respect to only Class C shares of the Fund. However, the reverse stock split did not impact a shareholder’s total dollar value of an investment in Class C shares of the Fund.
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 | 53 |
---|---|
% in Equities | 99 |
% in Foreign Equities | 2 |
Beta (3 year) | 1.12 |
R Squared (3 year) | 0.93 |
Standard Deviation | 24.28% |
Turnover | 88% |
Active Share | 52% |
FUND | Russell 3000 Growth Index | |
---|---|---|
As of Date | 8/31/2024 | --- |
Price/Earnings | 27.7x | 26.8x |
Price/Book | 13.7x | 13.4x |
EPS Growth Rate | 24.7% | 19.8% |
Asset Weighted Market Cap (billions) | $1257.3 | $1467.2 |
Return on Equity | 36.4% | 45.7% |
Median Market Cap (billions) | $65.8 | $2.1 |
Apple, Inc. | 13.72 |
NVIDIA Corp. | 10.69 |
Broadcom, Inc. | 4.63 |
Amazon.com, Inc. | 4.60 |
Alphabet, Inc. | 4.16 |
Netflix, Inc. | 4.11 |
Microsoft Corp. | 3.93 |
Eli Lilly & Co. | 3.37 |
Tradeweb Markets, Inc. | 2.30 |
Arista Networks, Inc. | 2.24 |
Total Portfolio % | 53.75 |
Less than $2 billion | 0 | |
$2 billion - $5 billion | 0 | |
$5 billion - $10 billion | 3 | |
Greater than $10 billion | 95 | |
Not Classified | 2 |
Alpha (5 Year)
|
-2.85 |
Down Capture (5 Year)
|
114.60 |
Information Ratio (5 Year)
|
-0.30 |
Sharpe Ratio (5 Year)
|
0.68 |
Up Capture (5 Year)
|
103.83 |
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
---|---|---|---|---|---|---|---|
6/30/24 | 8/31/24 | 8/31/24 | -6 0 6 | ||||
Communication Services | 19 | 18 | 12 | ||||
Health Care | 11 | 11 | 9 | ||||
Industrials | 6 | 5 | 5 | ||||
Real Estate | 1 | 1 | 1 | ||||
Energy | 1 | 1 | 1 | ||||
Utilities | 0 | 0 | 0 | ||||
Financials | 3 | 5 | 6 | ||||
Materials | 1 | 0 | 1 | ||||
Information Technology | 47 | 46 | 48 | ||||
Consumer Discretionary | 10 | 10 | 13 | ||||
Consumer Staples | 1 | 1 | 4 |
Insights
Fund Literature