The investment team seeks to invest in companies with franchise characteristics that are benefiting from an accelerating profit cycle and are trading at a discount to private market value.
As of 31 March 2024 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDSX | 9.42 | 9.42 | 11.34 | -6.68 | 7.25 | 9.10 | 9.20 |
Russell 2000® Growth Index | 7.58 | 7.58 | 20.35 | -2.68 | 7.38 | 7.89 | 7.73 |
Russell 2000® Index | 5.18 | 5.18 | 19.71 | -0.10 | 8.10 | 7.58 | 8.97 |
As of 31 March 2024 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDSX | 9.42 | 9.42 | 11.34 | -6.68 | 7.25 | 9.10 | 9.20 |
Russell 2000® Growth Index | 7.58 | 7.58 | 20.35 | -2.68 | 7.38 | 7.89 | 7.73 |
Russell 2000® Index | 5.18 | 5.18 | 19.71 | -0.10 | 8.10 | 7.58 | 8.97 |
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Advisor Class: APDSX | 40.33 | 61.19 | -8.77 | -29.36 | 9.51 |
Russell 2000® Growth Index | 28.48 | 34.63 | 2.83 | -26.36 | 18.66 |
Russell 2000® Index | 25.52 | 19.96 | 14.82 | -20.44 | 16.93 |
Annual Report 30 September 2023 | 1.07% |
---|---|
Prospectus 30 September 2023 | 1.07% |
See prospectus for further details.
Top 10 Holdings (% of total portfolio as of 31 March 2024) |
|
---|---|
Lattice Semiconductor Corp (Information Technology) | 6.1 |
Shockwave Medical Inc (Health Care) | 5.0 |
Ascendis Pharma A/S (Health Care) | 4.8 |
Halozyme Therapeutics Inc (Health Care) | 4.3 |
Guidewire Software Inc (Information Technology) | 4.2 |
Argenx SE (Health Care) | 3.8 |
SPX Technologies Inc (Industrials) | 3.0 |
Novanta Inc (Information Technology) | 2.9 |
Trex Co Inc (Industrials) | 2.7 |
Saia Inc (Industrials) | 2.6 |
Total | 39.6% |
Portfolio Statistics (as of 31 March 2024) |
|
---|---|
Median Market Cap (Billions) | $8.2 |
Weighted Avg. Market Cap (Billions) | $9.1 |
Weighted Harmonic Avg. P/E (FY1) | 34.5X |
Weighted Harmonic Avg. P/E (FY2) | 29.8X |
Weighted Avg. Hist. 3 Yr Sales Growth | 35.2% |
Weighted Avg. LT Debt/Capital | 31.1% |
Active Share | 93.8% |
Annual Turnover | 30.1% |
Number of Securities | 64 |
Cash (% of total portfolio) | 0.9% |
Market Cap Distribution (% of portfolio securities as of 31 March 2024) $ in billions |
|
---|---|
5.9+ | 71.5 |
4.1–5.9 | 14.0 |
2.9–4.1 | 8.7 |
1.8–2.9 | 3.0 |
0.0–1.8 | 2.9 |
TOTAL | 100.0% |
Sector Diversification (% of portfolio securities as of 31 March 2024) |
|
---|---|
Communication Services | — |
Consumer Discretionary | 10.7 |
Consumer Staples | 1.1 |
Energy | — |
Financials | 1.9 |
Health Care | 34.2 |
Industrials | 14.8 |
Information Technology | 37.3 |
Materials | — |
Real Estate | — |
Utilities | — |
Other | — |
Total | 100.0% |