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 2024 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDMX | -6.51 | 3.21 | 16.32 | -4.16 | 9.63 | 9.58 | 12.54 |
Russell Midcap® Growth Index | -4.80 | 4.24 | 21.91 | 1.57 | 11.06 | 10.67 | 9.10 |
Russell Midcap® Index | -2.70 | 5.66 | 23.11 | 3.10 | 11.07 | 9.47 | 9.76 |
As of 31 March 2024 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDMX | 10.40 | 10.40 | 21.98 | -0.63 | 11.63 | 9.86 | 12.91 |
Russell Midcap® Growth Index | 9.50 | 9.50 | 26.28 | 4.62 | 11.82 | 11.35 | 9.36 |
Russell Midcap® Index | 8.60 | 8.60 | 22.35 | 6.07 | 11.10 | 9.95 | 9.93 |
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 |
Semi-Annual Report 31 March 2024 | 1.05% |
---|---|
Prospectus 30 September 2023 | 1.05% |
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 2024) |
|
---|---|
Chipotle Mexican Grill Inc (Consumer Discretionary) | 3.3 |
Ascendis Pharma A/S (Health Care) | 3.2 |
Lattice Semiconductor Corp (Information Technology) | 3.2 |
Tyler Technologies Inc (Information Technology) | 3.2 |
Argenx SE (Health Care) | 3.2 |
West Pharmaceutical Services Inc (Health Care) | 3.0 |
Spotify Technology SA (Communication Services) | 2.9 |
Dexcom Inc (Health Care) | 2.9 |
HubSpot Inc (Information Technology) | 2.7 |
Ingersoll Rand Inc (Industrials) | 2.6 |
Total | 30.2% |
Portfolio Statistics (as of 31 May 2024) |
|
---|---|
Median Market Cap (Billions) | $24.3 |
Weighted Avg. Market Cap (Billions) | $31.2 |
Weighted Harmonic Avg. P/E (FY1) | 36.1X |
Weighted Harmonic Avg. P/E (FY2) | 31.2X |
Weighted Avg. Hist. 3 Yr Sales Growth | 29.5% |
Weighted Avg. LT Debt/Capital | 28.0% |
Active Share | 82.3% |
Annual Turnover | 46.9% |
Number of Securities | 65 |
Cash (% of total portfolio) | 1.8% |
Market Cap Distribution (% of portfolio securities as of 31 May 2024) $ in billions |
|
---|---|
41.4+ | 21.8 |
30.9–41.4 | 20.2 |
21.1–30.9 | 20.5 |
12.4–21.1 | 14.7 |
0.0–12.4 | 22.9 |
TOTAL | 100.0% |
Sector Diversification (% of portfolio securities as of 31 May 2024) |
|
---|---|
Communication Services | 6.5 |
Consumer Discretionary | 11.0 |
Consumer Staples | 1.8 |
Energy | — |
Financials | 5.2 |
Health Care | 22.3 |
Industrials | 18.9 |
Information Technology | 32.8 |
Materials | — |
Real Estate | 1.4 |
Utilities | — |
Other | — |
Total | 100.0% |