The investment team seeks to invest in cash-producing businesses in strong financial condition that are selling at undemanding valuations.
As of 30 April 2024 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDLX | -3.23 | 5.20 | 16.52 | 8.18 | 12.25 | 9.59 | 8.35 |
Russell 1000® Value Index | -4.27 | 4.33 | 13.42 | 5.17 | 8.60 | 8.43 | 7.42 |
Russell 1000® Index | -4.26 | 5.60 | 22.82 | 6.98 | 12.87 | 12.14 | 9.88 |
As of 31 March 2024 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDLX | 8.71 | 8.71 | 25.22 | 11.16 | 14.20 | 10.08 | 8.59 |
Russell 1000® Value Index | 8.99 | 8.99 | 20.27 | 8.11 | 10.32 | 9.01 | 7.72 |
Russell 1000® Index | 10.30 | 10.30 | 29.87 | 10.45 | 14.76 | 12.68 | 10.19 |
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Advisor Class: APDLX | 30.38 | 10.91 | 23.25 | -8.67 | 24.32 |
Russell 1000® Value Index | 26.54 | 2.80 | 25.16 | -7.54 | 11.46 |
Russell 1000® Index | 31.43 | 20.96 | 26.45 | -19.13 | 26.53 |
Gross | Net | |
Annual Report 30 September 2023 | 0.97% | 0.88% |
Prospectus 30 September 2023 | 0.97% | 0.88% |
Net expenses reflect a contractual expense limitation agreement in effect through 31 Jan 2025. See prospectus for further details.
Top 10 Holdings (% of total portfolio as of 30 April 2024) |
|
---|---|
Alphabet Inc (Communication Services) | 3.7 |
Meta Platforms Inc (Communication Services) | 3.3 |
The Goldman Sachs Group Inc (Financials) | 3.0 |
EOG Resources Inc (Energy) | 2.9 |
The Cigna Group (Health Care) | 2.9 |
Arch Capital Group Ltd (Financials) | 2.9 |
Heineken Holding NV (Consumer Staples) | 2.8 |
Compass Group PLC (Consumer Discretionary) | 2.7 |
Comcast Corp (Communication Services) | 2.7 |
US Bancorp (Financials) | 2.6 |
Total | 29.5% |
Portfolio Statistics (as of 30 April 2024) |
|
---|---|
Median Market Cap (Billions) | $77.8 |
Weighted Avg. Market Cap (Billions) | $237.0 |
Weighted Harmonic Avg. P/E (FY1) | 15.9X |
Weighted Harmonic Avg. P/E (FY2) | 14.0X |
Median Price/Book Value | 2.4X |
Median ROE | 14.6% |
Median Fixed Charge Coverage Ratio | 7.3X |
Active Share | 86.7% |
Annual Turnover | 38.1% |
Number of Securities | 41 |
Cash (% of total portfolio) | 5.7% |
Non U.S. Equities (% of total portfolio) | 18.9% |
Market Cap Distribution (% of portfolio securities as of 30 April 2024) $ in billions |
|
---|---|
204.0+ | 20.5 |
114.0–204.0 | 21.3 |
50.0–114.0 | 34.7 |
21.0–50.0 | 17.4 |
0.0–21.0 | 6.1 |
TOTAL | 100.0% |
Sector Diversification (% of portfolio securities as of 30 April 2024) |
|
---|---|
Communication Services | 15.0 |
Consumer Discretionary | 7.0 |
Consumer Staples | 14.7 |
Energy | 5.7 |
Financials | 26.0 |
Health Care | 14.9 |
Industrials | 10.8 |
Information Technology | 6.0 |
Materials | — |
Real Estate | — |
Utilities | — |
Other | — |
Total | 100.0% |