The investment team seeks to invest in companies within its preferred themes with sustainable growth characteristics at attractive valuations that do not reflect their long-term potential.
As of 30 September 2024 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDHX | 5.57 | 18.47 | 31.20 | 1.77 | 8.99 | 9.33 | 10.85 |
MSCI All Country World Index | 6.61 | 18.66 | 31.76 | 8.09 | 12.19 | 9.39 | 9.39 |
As of 30 September 2024 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDHX | 5.57 | 18.47 | 31.20 | 1.77 | 8.99 | 9.33 | 10.85 |
MSCI All Country World Index | 6.61 | 18.66 | 31.76 | 8.09 | 12.19 | 9.39 | 9.39 |
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Advisor Class: APDHX | 31.13 | 29.35 | 5.13 | -20.65 | 11.97 |
MSCI All Country World Index | 26.60 | 16.25 | 18.54 | -18.36 | 22.20 |
Gross | Net | |
Semi-Annual Report 31 March 2024 | 2.03% | 1.25% |
Prospectus 30 September 2023 | 1.79% | 1.25% |
Net expenses reflect a contractual expense limitation agreement in effect through 31 Jan 2025. See prospectus for further details. Semi-Annual Report Figure(s): Unaudited, annualized for the six-month period.
Top 10 Holdings (% of total portfolio as of 30 September 2024) |
|
---|---|
BFF Bank SpA (Italy) | 4.8 |
UBS Group AG (Switzerland) | 4.7 |
Natera Inc (United States) | 4.5 |
Halozyme Therapeutics Inc (United States) | 4.2 |
Air Liquide SA (France) | 4.0 |
Amazon.com Inc (United States) | 4.0 |
BAE Systems PLC (United Kingdom) | 3.1 |
Visa Inc (United States) | 3.0 |
Novo Nordisk A/S (Denmark) | 2.8 |
TUI AG (Germany) | 2.7 |
Total | 37.8% |
Portfolio Statistics (as of 30 September 2024) |
|
---|---|
Median Market Cap (Billions) | $30.7 |
Weighted Avg. Market Cap (Billions) | $224.6 |
Weighted Harmonic Avg. P/E (FY1) | 16.1X |
Weighted Harmonic Avg. P/E (FY2) | 14.3X |
Weighted Avg. LT EPS Growth Rate (3-5 Yr) | 17.6% |
Weighted Avg. Operating Margin | 17.3% |
Active Share | 90.6% |
Annual Turnover | 131.9% |
Number of Securities | 66 |
Number of Countries | 17 |
Cash (% of total portfolio) | 2.4% |
Region Allocation
(% of portfolio securities as of 30 September 2024)
Top 10 Countries (% of portfolio securities as of 30 September 2024) |
|
---|---|
United States | 36.4 |
United Kingdom | 13.2 |
Italy | 8.7 |
France | 8.5 |
Switzerland | 7.7 |
Denmark | 5.1 |
Japan | 4.4 |
Germany | 3.3 |
Belgium | 3.3 |
Korea | 2.4 |
Sector Diversification
(% of portfolio securities as of 30 September 2024)