EGFIX: Edgewood Growth Instl

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EGFIX Edgewood Growth Instl

  • Fund
  • EGFIX
  • Price as of: Oct 15, 2019
  • $36.08 + $0.39 + 1.09%

EGFIX - Profile

Vitals

  • YTD Return 25.3%
  • 3 Yr Annualized Return 18.6%
  • 5 Yr Annualized Return 15.3%
  • Net Assets $15.5 B
  • Holdings in Top 10 55.8%

52 WEEK LOW AND HIGH

$36.08
$26.86
$36.43

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.06%

SALES FEES

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

BROKERAGE FEES

  • Turnover 19.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$100,000

IRA

$100,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 25.3%
  • 3 Yr Annualized Total Return 18.6%
  • 5 Yr Annualized Total Return 15.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.32%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Edgewood Growth Fund
  • Fund Family Name Edgewood
  • Inception Date Feb 28, 2006
  • Shares Outstanding 426026663
  • Share Class Inst
  • Currency USD
  • Domiciled Country United States
  • Manager Scott D. Edwardson

Fund Description

The fund primarily invests in a core group of 15-35 equity securities, including both common stocks and sponsored American Depositary Receipts ("ADRs"). Its investments are expected to have a bias toward larger capitalization issuers (those with market capitalizations in excess of $10 billion), but the fund may also invest in small-capitalization (between $100 million and $4 billion) and medium-capitalization (between $4 billion and $10 billion) companies. It is non-diversified.

EGFIX - Performance

Return Ranking - Trailing

Period EGFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.3% -34.6% 51.9% 20.90%
1 Yr 3.1% -69.2% 17.8% 29.99%
3 Yr 18.6%* -38.9% 21.8% 2.27%
5 Yr 15.3%* -31.2% 16.5% 0.48%
10 Yr 15.6%* -14.1% 16.7% 1.03%

* Annualized


Return Ranking - Calendar

Period EGFIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.6% -65.5% 13.4% 8.16%
2017 33.1% -46.3% 37.5% 1.93%
2016 1.4% -43.3% 13.0% 35.93%
2015 8.0% -38.0% 11.4% 1.38%
2014 8.2% -52.4% 105.4% 17.06%

Total Return Ranking - Trailing

Period EGFIX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.3% -34.6% 51.9% 20.90%
1 Yr 3.1% -69.2% 23.3% 44.99%
3 Yr 18.6%* -38.9% 28.2% 9.07%
5 Yr 15.3%* -31.2% 17.8% 4.91%
10 Yr 15.6%* -14.1% 16.7% 1.80%

* Annualized


Total Return Ranking - Calendar

Period EGFIX Return Category Return Low Category Return High Rank in Category (%)
2018 -2.6% -65.5% 16.5% 24.00%
2017 34.8% -28.2% 51.5% 7.09%
2016 3.6% -43.3% 15.6% 40.97%
2015 11.5% -38.0% 17.3% 2.57%
2014 8.2% -52.4% 120.7% 57.45%

NAV & Total Return History

EGFIX - Holdings

Concentration Analysis

EGFIX Category Low Category High EGFIX % Rank
Net Assets 15.5 B 1.15 M 186 B 7.29%
Number of Holdings 24 7 2101 97.98%
Net Assets in Top 10 8.52 B 409 K 56.6 B 5.50%
Weighting of Top 10 55.79% 12.2% 100.0% 3.49%

Top 10 Holdings

  1. Visa Inc Class A 7.70%

  2. PayPal Holdings Inc 6.10%

  3. Equinix Inc 6.03%

  4. American Tower Corp 5.78%

  5. Alphabet Inc A 5.68%

  6. S&P Global Inc 5.12%

  7. Facebook Inc A 5.07%

  8. Nike Inc B 4.90%

  9. CME Group Inc Class A 4.72%

  10. Illumina Inc 4.68%


Asset Allocation

Weighting Return Low Return High EGFIX % Rank
Stocks
98.49% 81.21% 102.01% 51.47%
Cash
1.51% -2.02% 17.64% 41.86%
Preferred Stocks
0.00% 0.00% 5.34% 31.47%
Other
0.00% -2.29% 3.74% 31.01%
Convertible Bonds
0.00% 0.00% 0.10% 21.32%
Bonds
0.00% 0.00% 3.50% 24.50%

Stock Sector Breakdown

Weighting Return Low Return High EGFIX % Rank
Financial Services
25.41% 0.00% 34.35% 2.02%
Technology
24.11% 4.65% 61.68% 83.80%
Consumer Cyclical
13.57% 0.00% 34.54% 75.81%
Healthcare
11.36% 0.15% 38.98% 74.50%
Real Estate
6.03% 0.00% 10.67% 2.64%
Communication Services
5.78% 0.00% 13.96% 3.64%
Basic Materials
4.21% 0.00% 11.38% 14.03%
Consumer Defense
4.17% 0.00% 18.48% 59.30%
Industrials
3.85% 0.00% 27.83% 89.92%
Utilities
0.00% -0.50% 7.63% 45.19%
Energy
0.00% -0.01% 11.07% 68.53%

Stock Geographic Breakdown

Weighting Return Low Return High EGFIX % Rank
US
98.49% 79.62% 100.44% 15.50%
Non US
0.00% -0.08% 17.37% 90.93%

EGFIX - Expenses

Operational Fees

EGFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.06% 0.00% 218.39% 51.18%
Management Fee 1.00% 0.00% 1.40% 95.58%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.10% 0.00% 1.02% 42.97%

Sales Fees

EGFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 25.00% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

EGFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 5.00% N/A

Turnover 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.

EGFIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 19.00% 0.00% 536.00% 15.18%

EGFIX - Distributions

Dividend Yield Analysis

EGFIX Category Low Category High EGFIX % Rank
Dividend Yield 0.00% 0.00% 15.75% 49.53%

Dividend Distribution Analysis

EGFIX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Semi-Annually Quarterly Quarterly

Dividend Payout History


Net Income Ratio Analysis

EGFIX Category Low Category High EGFIX % Rank
Net Income Ratio -0.32% -7.55% 1.83% 71.41%

Capital Gain Distribution Analysis

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

EGFIX - Managers

Scott D. Edwardson

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2006

13.59

13.6%

Scott graduated from the University of Michigan in 1992 with a B.S.E. in Industrial and Operations Engineering. After college he worked at Ford Motor Company in forecasting, planning, and logistics for five years before leaving to attend graduate school. Scott graduated with honors from Columbia University Graduate School of Business in 2000 receiving an M.B.A. in Finance and Accounting and is currently a member of the Business School’s Young Alumni Council. While studying full time at Columbia he worked as an analyst at Gabelli Asset Management and later interned at Edgewood Management. He accepted a Senior Research Analyst position with Edgewood Management in 2000 and was promoted to Managing Director in 2010. Scott serves on the board of the Ridgefield Symphony Orchestra and the advisory board of Saint Mary School in Ridgefield.


Lawrence G. Creel

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2006

13.59

13.6%

Larry joined Edgewood Management in 1997 as a Partner. In addition to portfolio management and company research responsibilities, Larry is a member of the Investment Committee. Prior to joining Edgewood he spent 12 years at Donaldson Lufkin and Jenrette, a New York based investment bank. Larry was a Vice President at DLJ in the firm’s equities division and was responsible for the firm’s top institutional accounts. He is a graduate of Lake Forest College and attended the New York University Stern School of Business. Larry is on the Board of Eaglebrook School on its investment committee. He is also on the Board of Trustees at Second Stage Theater in New York City.


Kevin R. Seth

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2006

13.59

13.6%

Kevin joined Edgewood Management in 1995 as a Partner after 9 years as an institutional salesman for Credit Suisse First Boston. He is on the firm’s investment committee. Kevin was hired by First Boston in London and later moved to New York and then Boston covering institutional accounts in the U.S. and Australia. Prior to First Boston Kevin worked in London from 1983 to 1986 for Robert Fleming Ltd. as a North American equities analyst and junior portfolio manager. He is a graduate of Montana State University with a BS degree in Economics and Pre-Law and is currently a board member and chairman of the finance committee for the Montana State University Foundation.


Alexander M. Farman-Farmaian

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2006

13.59

13.6%

Alex joined Edgewood Management in January 2006 as a Partner, and Vice-Chairman. Prior to that he was at W.P. Stewart & Co. for 19 years. There he was a senior member of the U.S. and Global equity research and portfolio management teams. He was responsible for managing some 20% of the Firm’s overall assets. He chaired the Investment Oversight Committee and managed the bulk of the firm’s Global account assets since their inception. Alex received a B.A. in Economics from Princeton University in 1987.  He was President of the Princeton Club of New York until November 2006 and belongs to the Economics Club of New York. He serves on the board of the International Women’s Health Coalition (IWHC).


Peter H. Jennison

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2006

13.59

13.6%

Peter joined Edgewood Management in January 2006 as a Partner. Prior to joining Edgewood Peter was at W.P. Stewart & Co. for 16 years. There he was a senior member of the US equity research and money management teams responsible for some 10% of the Firm's total assets. He was also President and Portfolio Manager of the W.P. Stewart Growth Fund, the firm's SEC registered mutual fund. While under Peter's management, the fund achieved a Morningstar five star ranking. Peter began his career as a specialist clerk on the floor of the New York Stock Exchange and later became a Research Coordinator at Shearson Lehman Brothers, Inc. While at Shearson, he managed discretionary accounts for individuals with a focus on quality growth shares. He was educated at Babson College and Columbia University. Peter serves on the board of Getsolar.com. He also serves on the Advisory Board of The Johns Hopkins Department of Neurosurgery.


Alan W. Breed

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2006

13.59

13.6%

Alan joined Edgewood Management in 1994 as a Partner and a member of the investment committee from First Boston Corporation where he was a vice-president in the institutional equity department and a member of the firm's Stock selection committee. In addition to his years at First Boston, Alan worked at Brown Brothers Harriman & Co. where he completed their equity research training program and joined the equity department. Alan graduated cum laude and was on the Dean's list at Northwestern University's Kellogg School of Management with an MBA. He completed his undergraduate work at Emory University where he graduated with a BA in economics. Alan is on the board of Greenwich Hospital where he Chairs the Investment Committee. He is also on the board of University of Richmond and additionally is on the board of Spider Management Company, the manager of the endowment for the University of Richmond.  He is also a past member of the board and Investment Chair of the Stoney Wold Herbert fund and a past member of the Board of the Greenwich Retirement System.


Nicholas A. Stephens

Manager

Start Date

Tenure

Tenure Rank

Feb 28, 2006

13.59

13.6%

Nick joined Edgewood Management in 1984 as an analyst after three years at Coopers & Lybrand as a management consultant. He became a partner in 1986 and was given portfolio management responsibilities in 1987. He is on the firm’s investment committee. Nick graduated from Bennington College in 1977 with a B.A. in Literature and from Columbia University Graduate School of Business in 1981 with an M.B.A. in Finance. He is on the board and the investment committee of Lawrence Hospital Center in Bronxville and is co-head of the Investment Committee of the Reformed Church of Bronxville.   Nick also serves on the board of the Greater New York Cystic Fibrosis Foundation as well as the board of MabVax Therapeutics.


Tenure Analysis

Category Low

0.0

Category High

51.78

Category Average

8.14

Category Mode

0.42