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Name

As of 07/16/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AIG Focused Alpha Large-Cap Fund

SFLAX | Fund

$30.03

$758 M

-

1.65%

Vitals

YTD Return

1.5%

1 yr return

32.0%

3 Yr Avg Return

15.9%

5 Yr Avg Return

18.4%

Net Assets

$758 M

Holdings in Top 10

56.7%

52 WEEK LOW AND HIGH

$30.2
$28.55
$33.97

Expenses

OPERATING FEES

Expense Ratio 1.65%

SALES FEES

Front Load 5.75%

Deferred Load N/A

TRADING FEES

Turnover 75.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$500

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 07/16/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

AIG Focused Alpha Large-Cap Fund

SFLAX | Fund

$30.03

$758 M

-

1.65%

SFLAX - Profile

Distributions

  • YTD Total Return 1.5%
  • 3 Yr Annualized Total Return 13.6%
  • 5 Yr Annualized Total Return 17.0%
  • Capital Gain Distribution Frequency Quarterly
  • Net Income Ratio -0.04%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    AIG Focused Alpha Large-Cap Fund
  • Fund Family Name
    AIG
  • Inception Date
    Dec 27, 2005
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Thomas Marsico

Fund Description

The Fund’s principal investment strategies are growth, value and “focused.” The growth-oriented philosophy to which the Fund partly subscribes — that of investing in securities believed to offer the potential for growth of capital — focuses on securities considered to have, among other factors, the potential for above-average earnings growth; to offer proven or unique products or services; or to operate in industries experiencing increasing demand. The value-oriented philosophy to which the Fund partly subscribes is that of investing in securities believed to be undervalued in the market. The selection criteria is usually calculated to identify stocks of companies with solid financial strength that have attractive valuations (e.g., as measured by low price-earnings ratios) and that may have generally been overlooked by the market. A focused strategy is one in which an investment adviser actively invests in a small number of holdings which constitute its favorite stock-picking ideas at any given moment. A focus philosophy reflects the belief that, over time, the performance of most investment managers’ “highest confidence” stocks exceeds that of their more diversified portfolios.The Fund is managed by two subadvisers, one manages the large-cap growth portion of the Fund and the other manages the large-cap value portion of the Fund. Each subadviser may emphasize either a growth or a value orientation, respectively, or a core orientation (i.e., stocks with both growth and value characteristics) at any particular time. Each subadviser will generally invest in approximately 10 to 20 securities, and the Fund will hold up to a total of 40 securities. Examples of when the Fund may hold more than the specified number of securities include, but are not limited to, re-balancing or purchase and sale transactions, including where a new subadviser is selected to manage the Fund or a portion of the Fund’s assets.The Fund will invest approximately 50% of its assets in the large-cap growth portion of the Fund and 50% of its assets in the large-cap value portion of the Fund. These percentages reflect the projected asset allocations under normal market conditions and may be rebalanced from time to time.The principal investment technique of the Fund is active trading of equity securities to achieve a blend of growth companies, value companies and companies that have elements of growth and value, issued by large-cap companies that offer the potential for growth of capital. Although the Fund will invest primarily in U.S. markets, each subadviser may invest in foreign securities, including securities of companies in emerging markets. The subadviser to the large-cap growth portion of the Fund will invest in companies primarily selected on the basis of company fundamentals but may also consider macroeconomic and other factors. The subadviser to the large-cap value portion of the Fund will invest in companies primarily selected by utilizing a proprietary quantitative model combined with fundamental analysis. Under normal market conditions, at least 80% of the Fund’s net assets, plus any borrowings for investment purposes, will be invested in large-cap companies.Large-cap companies will generally include companies whose market capitalizations at the time of purchase are equal to or greater than the median market capitalization of companies in the Russell 1000® Index. For the most recent annual reconstitution published as of May 8, 2020, the market capitalization range of companies in the Russell 1000® Index was approximately $1.8 billion to $1,400.5 billion, and the median market capitalization was approximately $9.3 billion. The market capitalizations of companies in the Fund’s portfolio and the Russell 1000® Index change over time. Companies that fall outside this definition of large-cap companies after the Fund has purchased their securities will continue to be considered large-cap companies for purposes of the Fund’s 80% investment policy; however, additional purchases of these companies will not qualify as such unless, at the time of purchase, the company is able to satisfy this definition.The principal investment strategies and principal investment techniques of the Fund may be changed without shareholder approval. Shareholders will receive at least sixty (60) days’ notice of any change to the 80% investment policy set forth above.
Read More

SFLAX - Performance

Return Ranking - Trailing

Period SFLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -71.6% 40.8% 99.39%
1 Yr 32.0% 6.4% 91.4% 92.57%
3 Yr 15.9%* -0.6% 25.5% 64.87%
5 Yr 18.4%* 4.5% 26.6% 9.97%
10 Yr 13.8%* 3.0% 16.4% 43.36%

* Annualized

Return Ranking - Calendar

Period SFLAX Return Category Return Low Category Return High Rank in Category (%)
2023 10.4% -94.0% 2181.7% 54.65%
2022 12.3% -22.7% 41.1% 92.02%
2021 -19.9% -100.0% 17.1% 80.99%
2020 19.9% -100.0% 33.2% 13.87%
2019 5.9% -44.8% 25.0% 58.73%

Total Return Ranking - Trailing

Period SFLAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.5% -71.6% 40.8% 99.39%
1 Yr 24.4% 6.4% 108.6% 97.03%
3 Yr 13.6%* -0.6% 26.6% 80.59%
5 Yr 17.0%* 4.5% 26.6% 33.99%
10 Yr 13.2%* 3.0% 16.4% 56.25%

* Annualized

Total Return Ranking - Calendar

Period SFLAX Return Category Return Low Category Return High Rank in Category (%)
2023 10.4% -94.0% 2181.7% 54.65%
2022 12.3% -21.6% 41.1% 92.02%
2021 -19.9% -100.0% 17.1% 88.51%
2020 19.9% -100.0% 33.2% 46.86%
2019 5.9% -13.4% 26.8% 79.60%

NAV & Total Return History

SFLAX - Holdings

Concentration Analysis

SFLAX Category Low Category High SFLAX % Rank
Net Assets 758 M 20 1.26 T 54.79%
Number of Holdings 22 2 3910 94.48%
Net Assets in Top 10 425 M -472 M 279 B 37.18%
Weighting of Top 10 56.72% 2.3% 100.0% 6.37%

Top 10 Holdings

  1. Facebook Inc A 6.86%
  2. ServiceNow Inc 6.51%
  3. Anthem Inc 5.98%
  4. Microsoft Corp 5.89%
  5. The Walt Disney Co 5.82%
  6. Adobe Inc 5.68%
  7. Amazon.com Inc 5.67%
  8. Unilever PLC ADR 5.66%
  9. Cisco Systems Inc 5.62%
  10. Sanofi SA ADR 5.45%

Asset Allocation

Weighting Return Low Return High SFLAX % Rank
Stocks 		98.77% 0.00% 152.50% 68.34%
Cash 		1.22% -87.42% 100.00% 28.93%
Preferred Stocks 		0.00% 0.00% 5.20% 73.69%
Other 		0.00% -15.82% 100.00% 72.46%
Convertible Bonds 		0.00% 0.00% 8.98% 72.02%
Bonds 		0.00% -0.36% 82.68% 73.30%

Stock Sector Breakdown

Weighting Return Low Return High SFLAX % Rank
Technology 		23.25% 0.00% 77.03% 48.90%
Healthcare 		16.76% 0.00% 58.76% 16.53%
Consumer Cyclical 		14.87% 0.00% 53.56% 11.34%
Financial Services 		14.25% 0.00% 67.99% 47.66%
Communication Services 		12.84% 0.00% 36.08% 18.05%
Consumer Defense 		10.05% 0.00% 51.01% 14.33%
Industrials 		5.37% 0.00% 62.09% 94.08%
Energy 		2.61% 0.00% 19.92% 45.46%
Utilities 		0.00% 0.00% 32.20% 96.28%
Real Estate 		0.00% 0.00% 68.36% 96.67%
Basic Materials 		0.00% 0.00% 31.64% 98.59%

Stock Geographic Breakdown

Weighting Return Low Return High SFLAX % Rank
US 		79.07% 0.00% 149.97% 92.59%
Non US 		19.70% 0.00% 63.63% 5.57%

SFLAX - Expenses

Operational Fees

SFLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.65% 0.01% 4.53% 8.55%
Management Fee 1.00% 0.00% 2.00% 96.48%
12b-1 Fee 0.35% 0.00% 1.00% 66.71%
Administrative Fee N/A 0.00% 0.95% N/A

Sales Fees

SFLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.00% 5.75% 12.08%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

SFLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 91.18%

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.

SFLAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 75.00% 0.00% 363.00% 78.71%

SFLAX - Distributions

Dividend Yield Analysis

SFLAX Category Low Category High SFLAX % Rank
Dividend Yield 0.00% 0.00% 1.25% 74.71%

Dividend Distribution Analysis

SFLAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Monthly Monthly

Net Income Ratio Analysis

SFLAX Category Low Category High SFLAX % Rank
Net Income Ratio -0.04% -3.04% 2.71% 90.85%

Capital Gain Distribution Analysis

SFLAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Quarterly Annually Annually Annually

Distributions History

View More +

SFLAX - Fund Manager Analysis

Managers

Thomas Marsico

Start Date

Tenure

Tenure Rank

Dec 27, 2005

15.52

15.5%

Tom Marsico is the founder, Chief Executive Officer, and Chief Investment Officer of Marsico Capital Management, LLC ("Marsico Capital"), which has served as the investment adviser to the Marsico Funds since 1997. Tom sets Marsico Capital's overall research and investment strategy. He serves as co-manager of the Marsico Focus Fund and the Marsico Growth Fund with Brandon Geisler; as co-manager of the Marsico Global Fund with Brandon Geisler and Rob Susman; and as co-manager of the Marsico International Opportunities Fund with Rob Susman. He has over 35 years of experience in the investment man

Todd Burnside

Start Date

Tenure

Tenure Rank

Oct 30, 2017

3.67

3.7%

Todd Burnside, Director, is a member of the Fundamental Active Equity division of BlackRock’s Active Equities Group. Mr. Burnside is a portfolio manager on the US Income & Value Team. Previously, he had responsibility for fundamental research coverage of US large cap equities, with a focus on the Consumer Discretionary, Financials and Telecommunications sectors. Mr. Burnside joined BlackRock in 2008. Previously, he was an analyst with Morgan Stanley Investment Management from 2003 to 2008, where he was responsible for covering US large cap industrials and consumer stocks. Prior to that, he was a software equity analyst with Prudential Securities from 1999 to 2001. He began his career as an analyst with Nasdaq-Amex in 1997. Mr. Burnside earned a BS degree in Finance from Penn State University in 1997 and an MBA degree in Finance from New York University in 2003.

Tony DeSpirito

Start Date

Tenure

Tenure Rank

Dec 31, 2017

3.5

3.5%

Mr. DeSpirito has been a Managing Director of BlackRock, Inc. since 2014. Prior to joining BlackRock in August 2014, for the last 18 years Tony had been with Pzena Investment Management where he was Managing Principal, Portfolio Manager and a member of the firm’s Executive Committee. Prior to joining Pzena Investment Management in 1996, Mr. DeSpirito was an Associate in the Corporate Department at the Boston based law firm of Ropes & Gray LLP. At Ropes & Gray, he advised clients in the direct television, financial services, fitness, packaging films, retail, software, and wire and cable industries. Mr. DeSpirito earned a B.S. summa cum laude from the Wharton School of the University of Pennsylvania in 1990 and a J.D. magna cum laude from Harvard Law School in 1993. "

Brandon Geisler

Start Date

Tenure

Tenure Rank

Feb 28, 2019

2.34

2.3%

Brandon Geisler is the portfolio manager of the Marsico 21st Century Fund; co-manager of the Marsico Focus Fund with Tom Marsico; and co-manager of the Marsico Growth Fund with Tom Marsico and Peter Marsico; and co-manager of the Marsico Global Fund with Tom Marsico and Rob Susman. He joined Marsico Capital in 2006 and has over 15 years of experience in the financial services industry. Brandon spent four years with Goldman, Sachs & Co., where he was a Vice President in Equity Research covering the restaurant and other consumer-related industry groups. At Marsico Capital, Brandon has remained actively involved in those areas, while broadening his research responsibilities to include many other industries. Brandon received his MBA degree and Honours BS degree from McMaster University in Ontario.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 38.11 6.49 1.5

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