Wedgewood Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
8.0%
1 yr return
25.4%
3 Yr Avg Return
6.6%
5 Yr Avg Return
12.9%
Net Assets
$29.2 M
Holdings in Top 10
66.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.09%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 16.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$50,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/30/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
RWGIX - Profile
Distributions
- YTD Total Return 8.0%
- 3 Yr Annualized Total Return 6.6%
- 5 Yr Annualized Total Return 12.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.27%
- Dividend Yield 11.5%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameWedgewood Fund
-
Fund Family NameRiverPark Funds
-
Inception DateSep 30, 2010
-
Shares Outstanding5142827
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Rolfe
Fund Description
The Wedgewood Fund seeks long-term capital appreciation by investing at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of large capitalization companies that Wedgewood Partners, Inc., the Fund’s sub-adviser (“Wedgewood”), believes have above-average growth prospects. The Fund invests primarily in common stocks. The Fund considers companies with market capitalizations in excess of $5 billion to be large capitalization companies. The Fund is non-diversified and invests in a limited number of companies, generally holding securities of between 19 and 21 companies. The Fund invests primarily in the securities of U.S. companies, but it may also invest outside of the U.S.
Wedgewood seeks investments in market leaders with dominant products or services that are irreplaceable or lack substitutes in today’s economy. Wedgewood invests for the long-term, and expects to hold securities, in many cases, for more than five years.
Wedgewood’s investment process involves rigorous qualitative and quantitative inputs as well as a strict valuation and risk discipline. Wedgewood’s quantitative process seeks to differentiate among the 500-600 largest companies to separate those which exhibit factors such as above-average returns on equity, returns on capital, cash flow returns on investment, earnings per share growth and revenue growth. The qualitative process then focuses on the sustainability of the company’s business model with particular emphasis on barriers to entry, competition and relative buyer/supplier leverage. Wedgewood next uses a valuation model to forecast future performance for sales, earnings and financial position to create absolute valuation projections for the company’s intrinsic value seeking to invest in a focused (19-21 securities) portfolio of its highest conviction ideas. Positions are reduced or eliminated from the portfolio over time when long-term growth rates fall below Wedgewood’s expectations, a superior opportunity becomes available and/or appreciation results in an excessively large holding in the portfolio.
RWGIX - Performance
Return Ranking - Trailing
Period | RWGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.0% | -10.2% | 20.4% | 33.02% |
1 Yr | 25.4% | -22.2% | 66.3% | 70.92% |
3 Yr | 6.6%* | -29.7% | 22.3% | 25.55% |
5 Yr | 12.9%* | -16.2% | 27.8% | 54.93% |
10 Yr | 10.2%* | -5.6% | 18.7% | 85.75% |
* Annualized
Return Ranking - Calendar
Period | RWGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 26.4% | -74.1% | 72.4% | 70.85% |
2022 | -35.9% | -85.9% | 4.7% | 58.82% |
2021 | 17.9% | -52.4% | 60.5% | 19.72% |
2020 | -31.5% | -34.3% | 145.0% | 99.91% |
2019 | -5.7% | -21.8% | 49.4% | 99.23% |
Total Return Ranking - Trailing
Period | RWGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 8.0% | -10.2% | 20.4% | 33.02% |
1 Yr | 25.4% | -22.2% | 66.3% | 70.92% |
3 Yr | 6.6%* | -29.7% | 22.3% | 25.55% |
5 Yr | 12.9%* | -16.2% | 27.8% | 54.93% |
10 Yr | 10.2%* | -5.6% | 18.7% | 85.75% |
* Annualized
Total Return Ranking - Calendar
Period | RWGIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 29.1% | -4.6% | 72.4% | 76.38% |
2022 | -25.8% | -61.7% | 5.6% | 25.20% |
2021 | 32.4% | -39.8% | 118.1% | 1.69% |
2020 | 31.4% | 2.8% | 149.2% | 64.31% |
2019 | 21.4% | -5.2% | 49.4% | 98.75% |
NAV & Total Return History
RWGIX - Holdings
Concentration Analysis
RWGIX | Category Low | Category High | RWGIX % Rank | |
---|---|---|---|---|
Net Assets | 29.2 M | 242 K | 269 B | 95.77% |
Number of Holdings | 20 | 1 | 3211 | 97.79% |
Net Assets in Top 10 | 19.1 M | 109 K | 111 B | 93.89% |
Weighting of Top 10 | 66.62% | 0.7% | 205.0% | 4.60% |
Top 10 Holdings
- META PLATFORMS INC COMMON STOCK 8.43%
- ALPHABET INC-CL A COMMON STOCK 8.17%
- VISA INC-CLASS A SHARES COMMON STOCK 7.46%
- APPLE INC COMMON STOCK 7.38%
- PAYPAL HOLDINGS INC COMMON STOCK 6.68%
- MICROSOFT CORP COMMON STOCK 5.89%
- COPART INC COMMON STOCK 5.84%
- TAIWAN SEMICONDUCTOR-SP ADR DEPOSITARY RECEIPT 5.78%
- UNITEDHEALTH GROUP INC COMMON STOCK 5.52%
- MOTOROLA SOLUTIONS INC COMMON STOCK 5.47%
Asset Allocation
Weighting | Return Low | Return High | RWGIX % Rank | |
---|---|---|---|---|
Stocks | 97.40% | 0.00% | 130.05% | 76.83% |
Cash | 2.60% | -1.50% | 173.52% | 22.33% |
Preferred Stocks | 0.00% | 0.00% | 7.84% | 44.23% |
Other | 0.00% | -43.49% | 50.04% | 48.56% |
Convertible Bonds | 0.00% | 0.00% | 1.94% | 36.48% |
Bonds | 0.00% | 0.00% | 104.29% | 39.56% |
Stock Sector Breakdown
Weighting | Return Low | Return High | RWGIX % Rank | |
---|---|---|---|---|
Technology | 31.13% | 0.00% | 65.70% | 67.01% |
Financial Services | 21.45% | 0.00% | 43.06% | 3.66% |
Consumer Cyclical | 15.81% | 0.00% | 62.57% | 49.74% |
Communication Services | 15.04% | 0.00% | 66.40% | 12.84% |
Healthcare | 10.33% | 0.00% | 39.76% | 73.81% |
Industrials | 3.24% | 0.00% | 30.65% | 80.87% |
Energy | 3.01% | 0.00% | 41.09% | 19.39% |
Utilities | 0.00% | 0.00% | 16.07% | 54.85% |
Real Estate | 0.00% | 0.00% | 16.05% | 79.34% |
Consumer Defense | 0.00% | 0.00% | 25.50% | 91.16% |
Basic Materials | 0.00% | 0.00% | 18.91% | 82.23% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | RWGIX % Rank | |
---|---|---|---|---|
US | 97.40% | 0.00% | 130.05% | 63.58% |
Non US | 0.00% | 0.00% | 78.10% | 55.86% |
RWGIX - Expenses
Operational Fees
RWGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.09% | 0.01% | 28.71% | 39.83% |
Management Fee | 0.65% | 0.00% | 1.50% | 56.78% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | 0.08% | 0.01% | 1.02% | 40.43% |
Sales Fees
RWGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 2.25% | 8.50% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
RWGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
RWGIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 16.00% | 0.00% | 316.74% | 18.31% |
RWGIX - Distributions
Dividend Yield Analysis
RWGIX | Category Low | Category High | RWGIX % Rank | |
---|---|---|---|---|
Dividend Yield | 11.47% | 0.00% | 27.63% | 63.86% |
Dividend Distribution Analysis
RWGIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Annual | Annual |
Net Income Ratio Analysis
RWGIX | Category Low | Category High | RWGIX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.27% | -6.13% | 3.48% | 45.49% |
Capital Gain Distribution Analysis
RWGIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 16, 2022 | $0.585 | OrdinaryDividend |
Dec 17, 2019 | $2.840 | OrdinaryDividend |
Dec 18, 2017 | $2.931 | OrdinaryDividend |
Dec 30, 2016 | $0.029 | OrdinaryDividend |
Dec 31, 2015 | $0.085 | OrdinaryDividend |
Dec 31, 2014 | $0.009 | OrdinaryDividend |
Dec 31, 2010 | $0.017 | OrdinaryDividend |
RWGIX - Fund Manager Analysis
Managers
David Rolfe
Start Date
Tenure
Tenure Rank
Sep 30, 2010
11.67
11.7%
David A. Rolfe, CFA, is the portfolio manager of RiverPark/Wedgewood. Mr. Rolfe is the Chief Investment Officer of Wedgewood. He has been responsible for Wedgewood’s strategy since its inception in 1992. Prior to that, he was an Investment Officer at Boatmen’s Trust Company in St. Louis. He holds a BSBA in Finance from the University of Missouri 1985.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 54.45 | 8.22 | 2.92 |