Spyglass Growth Fund
Fund
SPYGX
Price as of:
$15.17
- $0.15
- 0.98%
Primary Theme
fund company
Name
As of 04/17/2024Price
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
Vitals
YTD Return
4.3%
1 yr return
47.3%
3 Yr Avg Return
-12.9%
5 Yr Avg Return
3.4%
Net Assets
$782 M
Holdings in Top 10
45.9%
52 WEEK LOW AND HIGH
$15.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.09%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 51.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
$100,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/17/2024Price
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
SPYGX - Profile
Distributions
- YTD Total Return 4.3%
- 3 Yr Annualized Total Return -12.9%
- 5 Yr Annualized Total Return 3.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.00%
- Dividend Yield 0.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameSpyglass Growth Fund
-
Fund Family NameDakota Funds
-
Inception DateOct 01, 2015
-
Shares Outstanding103713313
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJames Robillard
Fund Description
The Fund seeks to achieve its investment objective by investing in a non-diversified portfolio of common stocks of U.S. growth companies. The Fund may also invest in other equity securities, including stocks offered in initial public offerings (“IPOs”) and shares of real estate investment trusts (“REITs”). The Fund may invest in foreign securities, including sponsored American Depositary Receipts (“ADRs”), which are certificates typically issued by a bank or trust company that represent ownership of securities in non-U.S. companies. The Fund may invest in companies of any size, but typically invests in securities of issuers with market capitalizations between $2 billion and $12 billion. The Fund invests for the long-term, meaning the Fund may hold securities in its portfolios with market capitalizations that have grown beyond their value at time of purchase. The Fund generally holds a focused portfolio of 25 companies, although from time to time the Fund may hold fewer or more stocks depending on the Advisor’s assessment of the investment opportunities available. The Fund typically holds significant investments in the Information Technology sector, in particular.
The Advisor seeks to identify companies from the Fund’s investable universe of U.S. growth companies with market capitalizations between $2 billion and $12 billion that it believes have potential for above-average revenue and/or earnings growth through thoughtful, disciplined, bottom-up fundamental research and comprehensive due diligence. The Advisor purchases securities for the Fund when it believes the market has not already reflected these expectations in the current stock price, considering factors such as: substantial growth at a faster rate than the wider economy; identifiable competitive advantages; ability to take market share from competitors; attractive and improving margins; sustainable above-average revenue and earnings growth; and entrepreneurial management teams.
The Advisor also considers and incorporates material environmental, social, and governance (“ESG”) principles into its bottom-up research process using its own proprietary ESG research. The Advisor does not make investment decisions based solely on its proprietary ESG research. Rather, the Advisor includes ESG research as part of its overall assessment of a company and investment decision-making, and considers material ESG risks and opportunities in relation to their financial impact on a company’s potential value. The Advisor also screens out companies
based on the Advisor’s responsible investing criteria. There are no universally accepted ESG factors, and the Advisor will consider them at its discretion.When evaluating a security for sale, the Advisor considers the same factors it uses in evaluating a security for purchase and generally sells a security when the price approaches fair value or when the Advisor believes such securities no longer meet its investment criteria.
SPYGX - Performance
Return Ranking - Trailing
| Period | SPYGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.3% | -27.2% | 20.7% | 28.83% |
| 1 Yr | 47.3% | -14.9% | 47.3% | 0.18% |
| 3 Yr | -12.9%* | -29.6% | 78.0% | 95.68% |
| 5 Yr | 3.4%* | -5.0% | 97.2% | 96.39% |
| 10 Yr | N/A* | -0.3% | 36.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | SPYGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 54.0% | -27.7% | 68.0% | 1.47% |
| 2022 | -47.2% | -85.6% | 350.1% | 93.74% |
| 2021 | -19.4% | -77.0% | 238.3% | 86.36% |
| 2020 | 57.5% | -44.1% | 2474.5% | 8.81% |
| 2019 | 33.9% | -50.2% | 44.0% | 15.73% |
Total Return Ranking - Trailing
| Period | SPYGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 4.3% | -27.2% | 20.7% | 28.83% |
| 1 Yr | 47.3% | -14.9% | 47.3% | 0.18% |
| 3 Yr | -12.9%* | -29.6% | 78.0% | 95.68% |
| 5 Yr | 3.4%* | -5.0% | 97.2% | 96.39% |
| 10 Yr | N/A* | -0.3% | 36.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | SPYGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 54.0% | -26.1% | 68.0% | 1.47% |
| 2022 | -47.2% | -67.0% | 440.7% | 97.05% |
| 2021 | -19.4% | -23.5% | 342.2% | 98.67% |
| 2020 | 61.8% | 2.6% | 2549.1% | 11.55% |
| 2019 | 36.0% | 14.6% | 44.8% | 33.06% |
NAV & Total Return History
SPYGX - Holdings
Concentration Analysis
| SPYGX | Category Low | Category High | SPYGX % Rank | |
|---|---|---|---|---|
| Net Assets | 782 M | 2.73 M | 100 B | 57.85% |
| Number of Holdings | 25 | 25 | 3644 | 99.64% |
| Net Assets in Top 10 | 359 M | 449 K | 9.69 B | 42.70% |
| Weighting of Top 10 | 45.88% | 0.4% | 99.9% | 11.86% |
Top 10 Holdings
- WillScot Mobile Mini Holdings Corp 4.99%
- Ascendis Pharma A/S 4.85%
- Shift4 Payments Inc 4.80%
- DoorDash Inc 4.72%
- Affirm Holdings Inc 4.69%
- API Group Corp 4.57%
- Procore Technologies Inc 4.40%
- GoDaddy Inc 4.36%
- AppLovin Corp 4.30%
- Global-e Online Ltd 4.21%
Asset Allocation
| Weighting | Return Low | Return High | SPYGX % Rank | |
|---|---|---|---|---|
| Stocks | 99.05% | 0.92% | 101.49% | 38.87% |
| Cash | 0.95% | 0.00% | 99.08% | 62.41% |
| Preferred Stocks | 0.00% | 0.00% | 5.46% | 35.95% |
| Other | 0.00% | -0.18% | 16.96% | 49.27% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 27.37% |
| Bonds | 0.00% | -3.27% | 1.87% | 31.75% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | SPYGX % Rank | |
|---|---|---|---|---|
| Technology | 46.32% | 0.04% | 62.17% | 2.92% |
| Consumer Cyclical | 19.64% | 0.00% | 57.41% | 5.29% |
| Healthcare | 15.41% | 0.00% | 37.06% | 73.91% |
| Communication Services | 6.31% | 0.00% | 18.33% | 10.95% |
| Financial Services | 5.81% | 0.00% | 43.01% | 56.57% |
| Industrials | 3.55% | 0.00% | 38.23% | 92.70% |
| Consumer Defense | 2.95% | 0.00% | 16.40% | 34.31% |
| Utilities | 0.00% | 0.00% | 12.94% | 44.89% |
| Real Estate | 0.00% | 0.00% | 19.28% | 86.68% |
| Energy | 0.00% | 0.00% | 62.10% | 71.17% |
| Basic Materials | 0.00% | 0.00% | 17.25% | 81.20% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | SPYGX % Rank | |
|---|---|---|---|---|
| US | 99.05% | 0.64% | 101.49% | 32.66% |
| Non US | 0.00% | 0.00% | 34.57% | 44.34% |
SPYGX - Expenses
Operational Fees
| SPYGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.09% | 0.02% | 17.54% | 48.81% |
| Management Fee | 1.00% | 0.00% | 1.50% | 92.87% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | N/A |
Sales Fees
| SPYGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| SPYGX 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.
| SPYGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 51.00% | 0.00% | 250.31% | 59.72% |
SPYGX - Distributions
Dividend Yield Analysis
| SPYGX | Category Low | Category High | SPYGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 34.57% | 41.24% |
Dividend Distribution Analysis
| SPYGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | None | Annual | Annual | Annual |
Net Income Ratio Analysis
| SPYGX | Category Low | Category High | SPYGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 1.00% | -2.24% | 2.75% | 2.59% |
Capital Gain Distribution Analysis
| SPYGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 16, 2022 | $0.006 | OrdinaryDividend |
| Dec 18, 2019 | $0.219 | OrdinaryDividend |
SPYGX - Fund Manager Analysis
Managers
James Robillard
Start Date
Tenure
Tenure Rank
Dec 29, 2017
4.42
4.4%
Mr. Robillard serves as President and Chief Investment Officer of the Spyglass Capital Management LLC. Prior to founding the Spyglass in 2015, Mr. Robillard served as Managing Director of Edgewood Management, LLC from 2010 to 2015, and as Senior Research Analyst of the same firm from 2004 to 2010. Mr. Robillard was also a member of the portfolio management team for the Edgewood Growth Fund (EGFIX) from 2006 to 2015. Mr. Robillard previously served in other roles at Van Wagoner Capital Management from 1999 to 2002 and Baron Capital Management from 1996 to 1999. Mr. Robillard graduated from Vanderbilt University with a BA and received an MBA from the University of Chicago Graduate School of Business (currently the University of Chicago Booth School of Business) with concentrations in Finance and Accounting in 2004.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.2 | 2.25 |