Portfolio

Overview

The investment objective of the Edgewood Growth Fund (the "Fund") is to provide long-term growth of capital. There is no guarantee the fund will achieve its stated objective.

The Edgewood Growth Fund is a growth equity mutual fund with an institutional and retail share class. The fund pursues long-term capital growth through a portfolio of 22 stocks of mid-to-large size companies. We believe these companies are distinguished by their financial strength, levels of profitability, strong management, and ability to potentially deliver long-term earnings power. The Fund's performance is typically benchmarked against the S&P 500 Growth Index over a full-market cycle.

The following are the minimum investment requirements of our no load mutual funds. While it is no load, there may still be expenses associated with the fund: 

  • Edgewood Growth Fund (Institutional Shares): $100,000
  • Edgewood Growth Fund (Retail Shares): $3,000

Net Performance Returns

Quarter-end Performance as of 06/30/2024

Fund Ticker Incep 3 Month YTD 1 Year 3 Year* 5 Year* 10 Year* Since Incep*
Institutional EGFIX 02/28/06 2.89 16.26 26.97 -0.01 13.27 14.38 11.99
Retail EGFFX 02/28/06 2.81 16.04 26.46 -0.41 12.82 13.93 11.62
S&P 500 SPX 02/28/06 4.28 15.29 24.56 10.01 15.05 12.86 10.39
S&P 500 Growth SGX 02/28/06 9.59 23.56 32.52 9.42 16.87 14.97 12.07
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* Returns shown are annualized.

All performance numbers are rounded to the nearest hundredth.

* Returns shown are annualized.

All performance numbers are rounded to the nearest hundredth.

Calendar Year Performance**

Year Institutional Retail S&P 500 S&P 500 Growth
2023 39.7% 39.2% 26.3% 30.0%
2022 -40.4% -40.6% -18.1% -29.4%
2021 23.6% 23.1% 28.7% 32.0%
2020 42.2% 41.6% 18.4% 33.5%
2019 34.2% 33.7% 31.5% 31.1%
2018 2.3% 1.9% -4.4% 0.0%
2017 34.8% 34.3% 21.8% 27.4%
2016 3.6% 3.2% 12.0% 6.9%
2015 11.6% 11.2% 1.4% 5.5%
2014 13.5% 13.0% 13.7% 14.9%
2013 37.2% 37.6% 32.4% 32.8%
2012 18.7% 18.6% 16.0% 14.6%
2011 3.7% 3.5% 2.1% 4.7%
2010 12.2% 12.0% 15.1% 15.0%
2009 30.7% 30.9% 26.5% 31.6%
2008 -39.1% -39.9% -37.0% -34.9%
2007 21.5% 21.1% 5.5% 9.1%
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** Performance numbers are rounded to the nearest tenth.

The performance data quoted represent past performance. Performance quoted is past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investors's shares, when redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. The Adviser has contractually agreed to waive its fees and reimburse expenses to the extent necessary to limit the Fund's total annual fund operating expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses and extraordinary expenses) to an amount equal to the Management Fees until January 31, 2025.

In the absence of current fee waivers, total return and yield would be reduced. For performance current to the most recent month end, please call 800-791-4226 or click here.

Index returns are for illustrative purposes only and do not represent actual Fund performance. Index returns do not reflect any management fees, transaction costs or expenses. Indexes are unmanaged and one cannot invest directly in an index.

Characteristics

Portfolio Characteristics as of 06/30/2024

Edgewood Growth Fund S&P 500 S&P 500 Growth
Weighted Market Cap (Billions) $567bn $957bn $1496bn
Number of Holdings 22 503 231
EPS Growth (5 Years Historical)* 18% 17% 21%
Sales Growth (3 Years) 17% 12% 21%
Price to Earnings 50.89x
Price to Book 12.37x
Turnover (Trailing 12 Months) 23.00%
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Numbers are provided by Refinitiv.

* EPS Growth Rate is a expressed as a % and shows the relative growth of earnings per share over a period of time.

** As of 6/30/2024, the portfolio held a very small position of 0.003% of Grail subsequent to Illumina’s divestiture of Grail with Illumina shareholders receiving one share of Grail for every six shares of Illumina as of the record date 6/13/2024.

Five Largest Portfolio Holdings as of 06/30/2024*

Holdings
Netflix Inc.
Microsoft Corp.
ASML Holding NV
Visa Inc.
Eli Lilly & Co.

* Holdings are subject to change. Holdings are provided as of June 30, 2024, and represent the most recent information available to the public. Holdings are shown in alphabetical order. The above listed top 10 holdings represent 55.2% of the Funds portfolio, as of June 30, 2024.

Sector Breakdown as of 06/30/2024*

* As defined by Edgewood's Investment Committee.

* As defined by Edgewood's Investment Committee.

Market Cap Exposure (in Billions) as of 06/30/2024*

* Equity portion of the portfolio.

* Equity portion of the portfolio.