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 May 2022 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDMX | -17.55 | -30.31 | -24.37 | 10.81 | 11.51 | 12.07 | 12.92 |
Russell Midcap® Growth Index | -14.69 | -25.43 | -18.71 | 9.44 | 10.65 | 12.59 | 8.75 |
Russell Midcap® Index | -7.63 | -12.87 | -6.77 | 12.87 | 10.48 | 12.78 | 9.86 |
As of 31 March 2022 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDMX | -15.48 | -15.48 | -4.39 | 19.09 | 17.16 | 13.26 | 13.90 |
Russell Midcap® Growth Index | -12.58 | -12.58 | -0.89 | 14.81 | 15.10 | 13.52 | 9.51 |
Russell Midcap® Index | -5.68 | -5.68 | 6.92 | 14.89 | 12.62 | 12.85 | 10.29 |
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Advisor Class: APDMX | 20.61 | -3.92 | 38.47 | 58.98 | 10.49 |
Russell Midcap® Growth Index | 25.27 | -4.75 | 35.47 | 35.59 | 12.73 |
Russell Midcap® Index | 18.52 | -9.06 | 30.54 | 17.10 | 22.58 |
Semi-Annual Report 31 March 2022 | 1.05% |
---|---|
Prospectus 30 September 2021 | 1.05% |
Semi-Annual Report Figure(s): Unaudited, annualized for the six-month period. Prospectus Figures: See prospectus for further details.
Top 10 Holdings (% of total portfolio as of 31 May 2022) |
|
---|---|
Catalent Inc (Health Care) | 4.1 |
Global Payments Inc (Information Technology) | 4.0 |
Veeva Systems Inc (Health Care) | 3.9 |
HubSpot Inc (Information Technology) | 3.8 |
Atlassian Corp PLC (Information Technology) | 3.0 |
SVB Financial Group (Financials) | 2.8 |
Ingersoll Rand Inc (Industrials) | 2.6 |
Argenx SE (Health Care) | 2.6 |
Chipotle Mexican Grill Inc (Consumer Discretionary) | 2.5 |
LPL Financial Holdings Inc (Financials) | 2.5 |
Total | 31.8% |
Portfolio Statistics (as of 31 May 2022) |
|
---|---|
Median Market Cap (Billions) | $17.9 |
Weighted Avg. Market Cap (Billions) | $22.1 |
Weighted Harmonic Avg. P/E (FY1) | 26.5X |
Weighted Harmonic Avg. P/E (FY2) | 22.9X |
Weighted Avg. LT EPS Growth Rate (3-5 Yr) | 21.8% |
Weighted Avg. LT Debt/Capital | 29.1% |
Active Share | 82.0% |
Annual Turnover | 40.7% |
Number of Securities | 58 |
Cash (% of total portfolio) | 3.5% |
Market Cap Distribution (% of portfolio securities as of 31 May 2022) $ in billions |
|
---|---|
46.6+ | 2.4 |
35.8–46.6 | 15.7 |
22.8–35.8 | 22.2 |
13.1–22.8 | 40.4 |
0.0–13.1 | 19.3 |
TOTAL | 100.0% |
Sector Diversification (% of portfolio securities as of 31 May 2022) |
|
---|---|
Communication Services | 6.3 |
Consumer Discretionary | 8.7 |
Consumer Staples | — |
Energy | — |
Financials | 14.4 |
Health Care | 25.3 |
Industrials | 10.9 |
Information Technology | 33.5 |
Materials | 0.9 |
Real Estate | — |
Utilities | — |
Total | 100.0% |