Description

This fund aims for substantial long-term capital growth, primarily allocating at least 80% of its assets to common stocks of American companies. The sub-advisor, Sands Capital Management, LLC, selects these firms based on their strong potential for accelerated revenue or earnings expansion. The investment strategy emphasizes large-capitalization growth enterprises, with the weighted-average market capitalization of the portfolio holdings typically exceeding $25 billion, while generally avoiding companies valued under $2 billion. The fund maintains a concentrated portfolio, usually consisting of 25 to 35 distinct companies, and is considered non-diversified.