CMLIX: Congress Large Cap Growth Fund - MutualFunds.com

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Congress Large Cap Growth Institutional

CMLIX - Snapshot

Vitals

  • YTD Return 24.6%
  • 3 Yr Annualized Return 18.0%
  • 5 Yr Annualized Return 15.4%
  • Net Assets $393 M
  • Holdings in Top 10 45.6%

52 WEEK LOW AND HIGH

$40.35
$24.56
$41.95

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.71%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 20.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $500,000
  • IRA $500,000

Fund Classification


Compare CMLIX to Popular U.S. Large-Cap Growth Equity Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$64.71

-0.32%

$218.07 B

0.59%

$0.38

26.56%

0.64%

$290.38

-0.68%

$129.99 B

0.56%

$1.63

36.58%

0.20%

$237.36

-0.74%

$125.92 B

0.55%

$1.32

30.30%

0.04%

$122.18

-0.74%

$125.92 B

-

$0.00

30.16%

0.17%

$17.19

-0.52%

$124.79 B

-

$0.00

25.38%

0.85%

CMLIX - Profile

Distributions

  • YTD Total Return 24.6%
  • 3 Yr Annualized Total Return 18.0%
  • 5 Yr Annualized Total Return 15.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.56%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Congress Large Cap Growth Fund
  • Fund Family Name
    Congress
  • Inception Date
    Mar 15, 1928
  • Shares Outstanding
    10300730
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Alexander Thorndike

Fund Description

The adviser attempts to achieve the fund's investment objective by investing at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of large-capitalization companies. The adviser defines large-capitalization companies as those whose market capitalization, at the time of purchase, are consistent with the market capitalizations of companies in the Russell 1000® Growth Index.


CMLIX - Performance

Return Ranking - Trailing

Period CMLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 24.6% -68.8% 115.6% 52.26%
1 Yr 25.3% -9.0% 135.4% 50.88%
3 Yr 18.0%* -3.8% 41.0% 36.79%
5 Yr 15.4%* -10.6% 33.4% 42.75%
10 Yr 15.1%* 5.1% 22.1% 36.33%

* Annualized

Return Ranking - Calendar

Period CMLIX Return Category Return Low Category Return High Rank in Category (%)
2019 25.0% -28.8% 76.0% 43.29%
2018 -5.5% -64.5% 10.6% 19.73%
2017 23.4% -68.7% 64.3% 28.53%
2016 3.5% -56.6% 15.3% 28.14%
2015 -1.2% -82.5% 11.4% 36.65%

Total Return Ranking - Trailing

Period CMLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 24.6% -68.8% 115.6% 52.26%
1 Yr 25.3% -12.7% 133.0% 46.29%
3 Yr 18.0%* -5.7% 41.0% 33.56%
5 Yr 15.4%* -11.6% 33.4% 40.30%
10 Yr 15.1%* 5.1% 22.1% 34.99%

* Annualized

Total Return Ranking - Calendar

Period CMLIX Return Category Return Low Category Return High Rank in Category (%)
2019 25.0% -28.8% 76.0% 43.52%
2018 0.2% -64.5% 16.5% 12.96%
2017 25.5% -24.8% 64.3% 52.24%
2016 4.7% -56.6% 17.1% 33.79%
2015 2.1% -38.0% 17.3% 49.06%

NAV & Total Return History


CMLIX - Holdings

Concentration Analysis

CMLIX Category Low Category High CMLIX % Rank
Net Assets 393 M 10.3 K 218 B 67.30%
Number of Holdings 42 1 2364 76.13%
Net Assets in Top 10 179 M 425 K 89.8 B 68.03%
Weighting of Top 10 45.57% 10.5% 100.0% 45.48%

Top 10 Holdings

  1. Apple Inc 7.71%
  2. Amazon.com Inc 6.24%
  3. Microsoft Corp 6.02%
  4. Adobe Inc 5.91%
  5. Visa Inc Class A 4.45%
  6. The Home Depot Inc 3.51%
  7. Moody's Corporation 3.18%
  8. PayPal Holdings Inc 2.91%
  9. American Tower Corp 2.85%
  10. Alphabet Inc A 2.79%

Asset Allocation

Weighting Return Low Return High CMLIX % Rank
Stocks
98.68% 48.25% 116.73% 55.60%
Cash
1.32% -12.08% 51.74% 39.49%
Preferred Stocks
0.00% 0.00% 2.39% 23.94%
Other
0.00% -17.43% 18.94% 29.93%
Convertible Bonds
0.00% 0.00% 6.97% 14.82%
Bonds
0.00% -0.42% 9.62% 15.72%

Stock Sector Breakdown

Weighting Return Low Return High CMLIX % Rank
Technology
29.70% 0.00% 53.57% 62.92%
Healthcare
14.46% 0.00% 69.42% 44.45%
Financial Services
14.09% 0.00% 41.61% 16.20%
Consumer Cyclical
11.11% 0.00% 48.24% 83.87%
Industrials
9.10% 0.00% 29.16% 16.13%
Communication Services
7.62% 0.00% 67.67% 89.20%
Consumer Defense
7.11% 0.00% 19.68% 12.12%
Basic Materials
3.93% 0.00% 13.33% 7.59%
Real Estate
2.89% 0.00% 23.28% 22.48%
Utilities
0.00% 0.00% 11.79% 44.53%
Energy
0.00% 0.00% 19.81% 47.96%

Stock Geographic Breakdown

Weighting Return Low Return High CMLIX % Rank
US
95.69% 46.80% 116.11% 37.74%
Non US
2.99% 0.00% 36.31% 60.22%

CMLIX - Expenses

Operational Fees

CMLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.71% 0.01% 23.28% 76.92%
Management Fee 0.50% 0.00% 1.50% 24.36%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 1.02% 44.32%

Sales Fees

CMLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 8.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

CMLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 2.00% 66.91%

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.

CMLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 20.00% 0.00% 464.00% 18.55%

CMLIX - Distributions

Dividend Yield Analysis

CMLIX Category Low Category High CMLIX % Rank
Dividend Yield 0.00% 0.00% 18.31% 18.41%

Dividend Distribution Analysis

CMLIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

CMLIX Category Low Category High CMLIX % Rank
Net Income Ratio 0.56% -8.87% 2.43% 20.89%

Capital Gain Distribution Analysis

CMLIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History

View More +

CMLIX - Fund Manager Analysis

Managers

Alexander Thorndike


Start Date

Tenure

Tenure Rank

Feb 01, 1999

21.76

21.8%

Alexander L. Thorndike serves as Executive Vice President, Managing Director and as a Portfolio Manager for Congress Asset Management Company, LLP. Mr. Thorndike is a member of the Advisor’s Investment Policy Committee for the Small Cap Growth Strategy (the “Committee”). The Committee consists of the portfolio managers and research analysts and is responsible for the selection and disposition of the Fund’s portfolio holdings. Prior to joining Congress Asset Management Company in 2017, Mr. Thorndike was a Managing Partner of Century Capital Management, LLC. He worked in investment management since 1988, has managed investment portfolios for Century Capital since 1999. Prior to that, he was an equity analyst at William Blair & Co., LLC and an Investment Analyst/Portfolio Manager at CC&F Asset Mgmt. He has more than 26 years of equity research and portfolio management experience. Mr. Thorndike holds a Bachelor of Arts in English Literature Degree from Harvard University and a Master of Business Administration degree from Northwestern University’s Kellogg Graduate School of Management.

Daniel Lagan


Start Date

Tenure

Tenure Rank

Mar 31, 2009

11.59

11.6%

Daniel Lagan is a Chartered Financial Analyst charter holder. Since July 1999, Mr. Lagan has served as President of, and as a Portfolio Manager for Congress Asset Management Company, LLP. From August 1989 to June 1999, Mr. Lagan served as Executive Vice President and Portfolio Manager for Congress Asset Management Company, LLP. Prior to joining Congress Asset Management Company, LLP in 1989, Mr. Lagan served as an auditor for PricewaterhouseCoopers. Mr. Lagan holds a Bachelor of Arts degree in Accounting from St. Michael’s College and a Masters of Business Administration degree in Finance from Boston College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 52.87 7.78 0.83