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POSKX PRIMECAP Odyssey Stock

  • Fund
  • POSKX
  • Price as of: May 22, 2019
  • $31.85 - $0.25 - 0.78%
  • Category
  • Large Cap Blend Equities

POSKX - Profile

Vitals

  • YTD Return 10.7%
  • 3 Yr Annualized Return 11.0%
  • 5 Yr Annualized Return 7.6%
  • Net Assets $10.5 B
  • Holdings in Top 10 26.0%

52 WEEK LOW AND HIGH

$31.85
$27.03
$35.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.64%

SALES FEES

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

BROKERAGE FEES

  • Turnover 5.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$2,000

IRA

$1,000

Investment Themes

CATEGORY

Large Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 10.7%
  • 3 Yr Annualized Total Return 11.0%
  • 5 Yr Annualized Total Return 7.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.04%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name PrimeCap Odyssey Stock Fund
  • Fund Family Name PRIMECAP Odyssey Funds
  • Inception Date Nov 01, 2004
  • Shares Outstanding 313318186
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Theo A. Kolokotrones

Fund Description

The PRIMECAP Odyssey Stock Fund (POSKX) is an actively managed fund that seeks to aggressively grow investor capital over the long term. POSKX is a classic growth fund and its managers look for stocks with financial results that will be materially better than wide analyst views. Fund managers select stocks that they believe will outperform the S&P 500 over three- and five-year periods. The fund focuses its attention on large-cap U.S. stocks.

Given its riskier nature, POSKX is best suited for investors as a satellite position. Expenses for the fund are relatively low-cost and it is internally managed by PRIMECAP Management Company.

POSKX - Performance

Return Ranking - Trailing

Period POSKX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.7% -14.1% 31.7% 70.94%
1 Yr -1.8% -61.3% 33.4% 26.19%
3 Yr 11.0%* -31.9% 21.1% 4.29%
5 Yr 7.6%* -23.5% 12.0% 8.01%
10 Yr 12.5%* -6.2% 19.0% 4.45%

* Annualized


Return Ranking - Calendar

Period POSKX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.8% -67.0% 16.7% 21.88%
2017 23.3% -32.8% 34.8% 1.22%
2016 9.6% -28.0% 20.8% 16.65%
2015 -0.2% -46.9% 5.7% 8.63%
2014 11.8% -31.3% 53.8% 10.01%

Total Return Ranking - Trailing

Period POSKX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.7% -14.1% 31.7% 70.74%
1 Yr -1.8% -61.3% 34.2% 50.35%
3 Yr 11.0%* -29.3% 21.6% 24.92%
5 Yr 7.6%* -19.4% 13.9% 28.53%
10 Yr 12.5%* -4.0% 23.7% 26.71%

* Annualized


Total Return Ranking - Calendar

Period POSKX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.8% -67.0% 17.4% 46.00%
2017 23.3% -22.1% 34.8% 8.13%
2016 9.6% -14.7% 21.8% 41.68%
2015 -0.2% -40.3% 7.0% 28.78%
2014 11.8% -24.8% 56.3% 32.21%

NAV & Total Return History

POSKX - Holdings

Concentration Analysis

POSKX Category Low Category High POSKX % Rank
Net Assets 10.5 B 1.88 M 804 B 7.53%
Number of Holdings 128 7 3615 43.57%
Net Assets in Top 10 2.7 B -57.2 M 135 B 9.74%
Weighting of Top 10 25.98% 2.4% 936.4% 62.45%

Top 10 Holdings

  1. Eli Lilly and Co 3.38%

  2. JPMorgan Chase & Co 3.32%

  3. AstraZeneca PLC ADR 3.22%

  4. Southwest Airlines Co 2.46%

  5. United Continental Holdings Inc 2.43%

  6. Hewlett Packard Enterprise Co 2.37%

  7. NetApp Inc 2.29%

  8. Discover Financial Services 2.27%

  9. Microsoft Corp 2.14%

  10. Wells Fargo & Co 2.10%


Asset Allocation

Weighting Return Low Return High POSKX % Rank
Stocks
95.27% -6.79% 687.17% 74.80%
Cash
4.73% -187.97% 80.44% 17.67%
Preferred Stocks
0.00% -0.37% 6.87% 24.60%
Other
0.00% -4.04% 22.06% 29.22%
Convertible Bonds
0.00% 0.00% 6.54% 20.78%
Bonds
0.00% -595.81% 186.14% 30.82%

Stock Sector Breakdown

Weighting Return Low Return High POSKX % Rank
Technology
26.68% -67.56% 52.42% 6.84%
Healthcare
19.67% 0.00% 47.60% 2.52%
Industrials
19.46% 0.00% 77.42% 3.82%
Financial Services
16.38% 0.00% 187.22% 33.60%
Consumer Cyclical
10.29% -0.92% 33.07% 65.39%
Basic Materials
1.00% 0.00% 90.41% 83.80%
Consumer Defense
0.74% 0.00% 64.11% 94.87%
Energy
0.71% -1.65% 306.37% 90.04%
Utilities
0.21% -1.30% 19.90% 79.48%
Communication Services
0.13% -0.65% 14.58% 87.22%
Real Estate
0.00% -1.87% 13.40% 81.59%

Stock Geographic Breakdown

Weighting Return Low Return High POSKX % Rank
US
79.76% -6.79% 223.50% 78.71%
Non US
15.51% 0.00% 463.67% 15.06%

POSKX - Expenses

Operational Fees

POSKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.00% 153.75% 77.07%
Management Fee 0.55% 0.00% 1.50% 48.49%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

POSKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

POSKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.15% 2.00% 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.

POSKX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 5.00% 0.00% 836.00% 8.28%

POSKX - Distributions

Dividend Yield Analysis

POSKX Category Low Category High POSKX % Rank
Dividend Yield 0.01% 0.00% 0.10% 36.14%

Dividend Distribution Analysis

POSKX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Quarterly

Dividend Payout History


Net Income Ratio Analysis

POSKX Category Low Category High POSKX % Rank
Net Income Ratio 1.04% -1.49% 3.64% 45.96%

Capital Gain Distribution Analysis

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

POSKX - Managers

Theo A. Kolokotrones

Manager

Start Date

Tenure

Tenure Rank

Nov 01, 2004

14.5

14.5%

Kolokotrones is President and Co-Founder of PRIMECAP Management Company. He co-founded PRIMECAP Management Company in September 1983. He is the lead manager of Vanguard Capital Opportunity and Odyssey Aggressive Growth fund. Previously, Kolokotrones spent six years at Capital Research Company, most recently as Senior Vice President. He has held portfolio management responsibilities since 1979. From 1970 to 1977, Kolokotrones was Vice President and Senior Financial Analyst at Smith Barney, Harris Upham and Company in New York.


Alfred W. Mordecai

Manager

Start Date

Tenure

Tenure Rank

Nov 01, 2004

14.5

14.5%

Alfred W. Mordecai, Vice Chairman of PRIMECAP Management Company. Mr. Mordecai joined PRIMECAP Management Company in August 1997. In 1996, he was an associate at McKinsey and Company. From 1990 to 1995, he worked as a nuclear engineer and program manager for the Naval Nuclear Propulsion Directorate, a joint U.S. Navy and Department of Energy organization. Mr. Mordecai graduated with a degree in Mechanical Engineering from Duke University. He has a master’s degree in Systems Engineering from Virginia Polytechnic Institute and State University and is a graduate of the Harvard Graduate School of Business Administration.


Joel P. Fried

Manager

Start Date

Tenure

Tenure Rank

Nov 01, 2004

14.5

14.5%

Joel P. Fried, President of PRIMECAP. He has worked in investment management since 1985, has been with PRIMECAP since 1986, has managed assets since 1987. Education: B.S., University of California, Los Angeles; M.B.A., Anderson Graduate School of Business, University of California, Los Angeles.


M. Mohsin Ansari

Manager

Start Date

Tenure

Tenure Rank

Apr 12, 2012

7.05

7.1%

Mr. Ansari joined PRIMECAP Management Company in July 2000. From 1994 to 1998, he worked at Weyerhaeuser Company on various assignments ranging from managing capital projects to coordinating production at mills. In 1999, he was an Associate at Andersen Consulting. Mr. Ansari graduated from Colgate University with a bachelor’s degree in Physics and from Washington University with a bachelor’s degree in Chemical Engineering. He also has an M.B.A. from the Harvard Graduate School of Business Administration.


James M. Marchetti

Manager

Start Date

Tenure

Tenure Rank

Nov 01, 2014

4.5

4.5%

James Marchetti, Senior Vice President, Portfolio Manager, and Principal of PRIMECAP. Mr. Marchetti joined PRIMECAP Management Company in September 2005. In 2004, he worked as a product analyst in Fidelity's Strategic Investments group. From 1996 to 2003, he ran the software division of IntelliSense, a start-up acquired by Corning Inc. in 2001. Mr. Marchetti holds an MBA degree from MIT-Sloan and a bachelor's degree in Chemical Engineering, also from MIT, where he completed a thesis focused on recombinant protein recovery and purification techniques.


Tenure Analysis

Category Low

0.0

Category High

83.5

Category Average

6.99

Category Mode

3.62