Objective
Seeks long-term capital appreciation.
Overview
A stock fund that invests exclusively in health care, a sector that is experiencing innovations and breakthroughs across multiple subsectors.
The Health-Care Revolution
The health-care sector is undergoing dramatic changes that will impact everything from the drugs we take to the way patients’ medical records are shared. Aging demographics globally and rising prosperity in emerging-market nations will drive even greater demand for lifesaving drugs, innovative procedures, and disruptive medical technology.
Pipeline to Innovation
With innovation and breakthroughs taking place across the globe, the Fund uses a broadly diversified, global approach that seeks to identify companies with the greatest opportunities in areas including biotechnology, medical technology, health services, and pharmaceuticals.
Backed by Size, Scale, and Experience
Wellington Management, the Fund’s sub-adviser, is one of the largest managers of health care stocks in the world. The portfolio managers on the Fund average 26 years of experience.
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: 05/01/2000
Characteristics
# of Holdings | 94 |
---|---|
% in Equities | 98 |
% in Foreign Equities | 14 |
Beta (3 year) | 0.94 |
R Squared (3 year) | 0.88 |
Standard Deviation | 14.97% |
Turnover- (6/30/2023) | 31% |
Active Share | 48% |
FUND | S&P Composite 1500 Health Care Index | |
---|---|---|
Price/Earnings | 22.7x | 16.7x |
Price/Book | 4.6x | 4.7x |
EPS Growth Rate | 11.9% | 9.3% |
Asset Weighted Market Cap (billions) | $148.8 | $199.1 |
Return on Equity | 19.5% | 30.4% |
Median Market Cap (billions) | $11.8 | $4.7 |
Less than $2 billion | 3 | |
$2 billion - $5 billion | 6 | |
$5 billion - $10 billion | 8 | |
Greater than $10 billion | 83 | |
Not Classified | 0 |
Alpha (5 Year)
|
-2.43 |
Down Capture (5 Year)
|
107.36 |
Information Ratio (5 Year)
|
-0.44 |
Sharpe Ratio (5 Year)
|
0.33 |
Up Capture (5 Year)
|
96.17 |
Insights
Fund Literature