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 29 February 2024 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDMX | 7.75 | 7.75 | 21.55 | -2.83 | 11.29 | 9.13 | 12.85 |
Russell Midcap® Growth Index | 6.94 | 6.94 | 25.03 | 3.13 | 11.59 | 10.88 | 9.29 |
Russell Midcap® Index | 4.08 | 4.08 | 15.46 | 5.51 | 10.35 | 9.45 | 9.79 |
As of 31 December 2023 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDMX | 8.93 | 24.22 | 24.22 | -4.60 | 13.83 | 9.04 | 12.62 |
Russell Midcap® Growth Index | 14.55 | 25.87 | 25.87 | 1.31 | 13.81 | 10.57 | 9.08 |
Russell Midcap® Index | 12.82 | 17.23 | 17.23 | 5.92 | 12.68 | 9.42 | 9.69 |
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Advisor Class: APDMX | 38.47 | 58.98 | 10.49 | -36.74 | 24.22 |
Russell Midcap® Growth Index | 35.47 | 35.59 | 12.73 | -26.72 | 25.87 |
Russell Midcap® Index | 30.54 | 17.10 | 22.58 | -17.32 | 17.23 |
Annual Report 30 September 2023 | 1.05% |
---|---|
Prospectus 30 September 2023 | 1.05% |
See prospectus for further details.
Top 10 Holdings (% of total portfolio as of 29 February 2024) |
|
---|---|
Chipotle Mexican Grill Inc (Consumer Discretionary) | 4.3 |
Ascendis Pharma A/S (Health Care) | 3.3 |
Lattice Semiconductor Corp (Information Technology) | 3.1 |
West Pharmaceutical Services Inc (Health Care) | 3.0 |
Argenx SE (Health Care) | 2.9 |
Atlassian Corp (Information Technology) | 2.7 |
HubSpot Inc (Information Technology) | 2.6 |
Dexcom Inc (Health Care) | 2.6 |
Ingersoll Rand Inc (Industrials) | 2.6 |
Saia Inc (Industrials) | 2.5 |
Total | 29.5% |
Portfolio Statistics (as of 29 February 2024) |
|
---|---|
Median Market Cap (Billions) | $25.1 |
Weighted Avg. Market Cap (Billions) | $31.7 |
Weighted Harmonic Avg. P/E (FY1) | 38.6X |
Weighted Harmonic Avg. P/E (FY2) | 33.5X |
Weighted Avg. Hist. 3 Yr Sales Growth | 30.8% |
Weighted Avg. LT Debt/Capital | 28.9% |
Active Share | 80.5% |
Annual Turnover | 46.9% |
Number of Securities | 65 |
Cash (% of total portfolio) | 1.1% |
Market Cap Distribution (% of portfolio securities as of 29 February 2024) $ in billions |
|
---|---|
41.4+ | 25.1 |
30.9–41.4 | 19.0 |
21.1–30.9 | 16.8 |
12.4–21.1 | 16.5 |
0.0–12.4 | 22.6 |
TOTAL | 100.0% |
Sector Diversification (% of portfolio securities as of 29 February 2024) |
|
---|---|
Communication Services | 6.7 |
Consumer Discretionary | 13.5 |
Consumer Staples | 1.4 |
Energy | — |
Financials | 7.0 |
Health Care | 22.9 |
Industrials | 18.8 |
Information Technology | 28.5 |
Materials | — |
Real Estate | 1.1 |
Utilities | — |
Other | — |
Total | 100.0% |