The investment team seeks to invest in cash-producing businesses in strong financial condition that are selling at undemanding valuations.
As of 31 May 2022 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDLX | -2.83 | -3.48 | -1.34 | 16.37 | 10.57 | 11.33 | 7.95 |
Russell 1000® Value Index | -3.81 | -4.52 | 0.93 | 12.75 | 9.50 | 12.06 | 7.55 |
Russell 1000® Index | -9.05 | -13.72 | -2.71 | 16.03 | 13.12 | 14.24 | 9.57 |
As of 31 March 2022 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDLX | -0.67 | -0.67 | 10.53 | 16.05 | 11.07 | 10.72 | 8.23 |
Russell 1000® Value Index | -0.74 | -0.74 | 11.67 | 13.02 | 10.29 | 11.70 | 7.89 |
Russell 1000® Index | -5.13 | -5.13 | 13.27 | 18.71 | 15.82 | 14.53 | 10.33 |
2017 | 2018 | 2019 | 2020 | 2021 | |
---|---|---|---|---|---|
Advisor Class: APDLX | 16.11 | -14.73 | 30.38 | 10.91 | 23.25 |
Russell 1000® Value Index | 13.66 | -8.27 | 26.54 | 2.80 | 25.16 |
Russell 1000® Index | 21.69 | -4.78 | 31.43 | 20.96 | 26.45 |
Gross | Net | |
Semi-Annual Report 31 March 2022 | 0.96% | 0.88% |
Prospectus 30 September 2021 | 0.96% | 0.89% |
Net expenses reflect a contractual expense limitation agreement in effect through 31 Jan 2023. 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 31 May 2022) |
|
---|---|
Alphabet Inc (Communication Services) | 4.7 |
EOG Resources Inc (Energy) | 3.8 |
Booking Holdings Inc (Consumer Discretionary) | 3.5 |
Meta Platforms Inc (Communication Services) | 3.4 |
FedEx Corp (Industrials) | 3.4 |
Comcast Corp (Communication Services) | 3.1 |
Philip Morris International Inc (Consumer Staples) | 3.1 |
Compass Group PLC (Consumer Discretionary) | 3.0 |
Arch Capital Group Ltd (Financials) | 2.9 |
Schlumberger NV (Energy) | 2.9 |
Total | 33.6% |
Portfolio Statistics (as of 31 May 2022) |
|
---|---|
Median Market Cap (Billions) | $83.3 |
Weighted Avg. Market Cap (Billions) | $201.8 |
Weighted Harmonic Avg. P/E (FY1) | 14.3X |
Weighted Harmonic Avg. P/E (FY2) | 12.6X |
Median Price/Book Value | 2.8X |
Median ROE | 17.8% |
Median Fixed Charge Coverage Ratio | 12.0X |
Active Share | 85.4% |
Annual Turnover | 26.0% |
Number of Securities | 41 |
Cash (% of total portfolio) | 3.6% |
Non U.S. Equities (% of total portfolio) | 15.2% |
Market Cap Distribution (% of portfolio securities as of 31 May 2022) $ in billions |
|
---|---|
260.0+ | 17.9 |
128.0–260.0 | 18.6 |
53.0–128.0 | 37.9 |
24.0–53.0 | 9.7 |
0.0–24.0 | 16.0 |
TOTAL | 100.0% |
Sector Diversification (% of portfolio securities as of 31 May 2022) |
|
---|---|
Communication Services | 19.1 |
Consumer Discretionary | 11.7 |
Consumer Staples | 7.3 |
Energy | 6.9 |
Financials | 17.9 |
Health Care | 13.5 |
Industrials | 14.4 |
Information Technology | 9.1 |
Materials | — |
Real Estate | — |
Utilities | — |
Total | 100.0% |