The investment team seeks to invest in cash-producing businesses in strong financial condition that are selling at undemanding valuations.
As of 30 April 2023 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDQX | 0.49 | 5.43 | -1.22 | 18.21 | 5.69 | 6.86 | 9.43 |
Russell Midcap® Value Index | 0.01 | 1.33 | -3.47 | 15.76 | 6.43 | 8.68 | 9.27 |
Russell Midcap® Index | -0.53 | 3.51 | -1.69 | 13.78 | 7.97 | 9.85 | 9.34 |
As of 31 March 2023 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDQX | 4.92 | 4.92 | -6.85 | 23.21 | 5.97 | 6.77 | 9.44 |
Russell Midcap® Value Index | 1.32 | 1.32 | -9.22 | 20.69 | 6.54 | 8.80 | 9.31 |
Russell Midcap® Index | 4.06 | 4.06 | -8.78 | 19.20 | 8.05 | 10.05 | 9.40 |
2018 | 2019 | 2020 | 2021 | 2022 | |
---|---|---|---|---|---|
Advisor Class: APDQX | -13.43 | 23.71 | 5.57 | 26.57 | -13.07 |
Russell Midcap® Value Index | -12.29 | 27.06 | 4.96 | 28.34 | -12.03 |
Russell Midcap® Index | -9.06 | 30.54 | 17.10 | 22.58 | -17.32 |
Annual Report 30 September 2022 | 1.04% |
---|---|
Prospectus 30 September 2022 | 1.05% |
See prospectus for further details.
Top 10 Holdings (% of total portfolio as of 30 April 2023) |
|
---|---|
First Citizens BancShares Inc (Financials) | 4.1 |
Analog Devices Inc (Information Technology) | 4.1 |
Arch Capital Group Ltd (Financials) | 3.8 |
U-Haul Holding Co (Industrials) | 3.2 |
DENTSPLY SIRONA Inc (Health Care) | 3.1 |
Globe Life Inc (Financials) | 3.0 |
Vontier Corp (Information Technology) | 2.9 |
Lamar Advertising Co (Real Estate) | 2.9 |
Baxter International Inc (Health Care) | 2.8 |
Marriott International Inc (Consumer Discretionary) | 2.6 |
Total | 32.4% |
Portfolio Statistics (as of 30 April 2023) |
|
---|---|
Median Market Cap (Billions) | $11.6 |
Weighted Avg. Market Cap (Billions) | $20.4 |
Weighted Harmonic Avg. P/E (FY1) | 12.6X |
Weighted Harmonic Avg. P/E (FY2) | 11.3X |
Median Price/Book Value | 2.1X |
Median ROE | 14.4% |
Median Fixed Charge Coverage Ratio | 7.0X |
Active Share | 94.1% |
Annual Turnover | 15.2% |
Number of Securities | 50 |
Cash (% of total portfolio) | 1.2% |
Market Cap Distribution (% of portfolio securities as of 30 April 2023) $ in billions |
|
---|---|
31.6+ | 21.4 |
22.2–31.6 | 8.8 |
14.0–22.2 | 17.3 |
8.2–14.0 | 23.8 |
0–8.2 | 28.7 |
TOTAL | 100.0% |
Sector Diversification (% of portfolio securities as of 30 April 2023) |
|
---|---|
Communication Services | 14.3 |
Consumer Discretionary | 13.6 |
Consumer Staples | 5.9 |
Energy | 2.4 |
Financials | 24.2 |
Health Care | 8.0 |
Industrials | 12.9 |
Information Technology | 10.5 |
Materials | — |
Real Estate | 5.8 |
Utilities | 2.6 |
Other | — |
Total | 100.0% |