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: APDSX | 6.84 | 6.84 | 8.95 | -9.80 | 6.47 | 8.09 | 9.14 |
Russell 2000® Growth Index | 4.66 | 4.66 | 14.18 | -4.59 | 6.50 | 7.33 | 7.65 |
Russell 2000® Index | 1.54 | 1.54 | 10.05 | -0.94 | 6.89 | 7.13 | 8.86 |
As of 31 December 2023 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDSX | 9.26 | 9.51 | 9.51 | -10.97 | 9.81 | 8.11 | 8.94 |
Russell 2000® Growth Index | 12.75 | 18.66 | 18.66 | -3.50 | 9.22 | 7.16 | 7.53 |
Russell 2000® Index | 14.03 | 16.93 | 16.93 | 2.22 | 9.97 | 7.16 | 8.85 |
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 29 February 2024) |
|
---|---|
Lattice Semiconductor Corp (Information Technology) | 6.1 |
Ascendis Pharma A/S (Health Care) | 4.8 |
Guidewire Software Inc (Information Technology) | 4.5 |
Halozyme Therapeutics Inc (Health Care) | 4.4 |
Shockwave Medical Inc (Health Care) | 4.1 |
Argenx SE (Health Care) | 3.8 |
SPX Technologies Inc (Industrials) | 2.9 |
Novanta Inc (Information Technology) | 2.9 |
Saia Inc (Industrials) | 2.6 |
Tyler Technologies Inc (Information Technology) | 2.5 |
Total | 38.8% |
Portfolio Statistics (as of 29 February 2024) |
|
---|---|
Median Market Cap (Billions) | $7.2 |
Weighted Avg. Market Cap (Billions) | $9.1 |
Weighted Harmonic Avg. P/E (FY1) | 36.1X |
Weighted Harmonic Avg. P/E (FY2) | 31.5X |
Weighted Avg. Hist. 3 Yr Sales Growth | 34.5% |
Weighted Avg. LT Debt/Capital | 30.9% |
Active Share | 93.6% |
Annual Turnover | 30.1% |
Number of Securities | 62 |
Cash (% of total portfolio) | 2.5% |
Market Cap Distribution (% of portfolio securities as of 29 February 2024) $ in billions |
|
---|---|
5.9+ | 70.2 |
4.1–5.9 | 14.5 |
2.9–4.1 | 8.1 |
1.8–2.9 | 4.2 |
0.0–1.8 | 3.1 |
TOTAL | 100.0% |
Sector Diversification (% of portfolio securities as of 29 February 2024) |
|
---|---|
Communication Services | — |
Consumer Discretionary | 10.2 |
Consumer Staples | 1.2 |
Energy | — |
Financials | 2.2 |
Health Care | 33.8 |
Industrials | 14.9 |
Information Technology | 37.8 |
Materials | — |
Real Estate | — |
Utilities | — |
Other | — |
Total | 100.0% |