The investment team seeks to invest in cash-producing businesses in strong financial condition that are selling at undemanding valuations.
As of 30 April 2024 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDQX | -6.57 | -1.30 | 10.70 | 2.33 | 7.16 | 6.22 | 9.48 |
Russell Midcap® Value Index | -5.23 | 2.56 | 14.09 | 3.26 | 8.06 | 7.94 | 9.48 |
Russell Midcap® Index | -5.40 | 2.73 | 16.35 | 2.41 | 9.06 | 9.40 | 9.63 |
As of 31 March 2024 | QTD | YTD | 1 Yr | 3 Yr | 5 Yr | 10 Yr | Inception |
---|---|---|---|---|---|---|---|
Advisor Class: APDQX | 5.65 | 5.65 | 19.07 | 6.07 | 9.90 | 6.79 | 9.84 |
Russell Midcap® Value Index | 8.23 | 8.23 | 20.40 | 6.80 | 9.94 | 8.57 | 9.77 |
Russell Midcap® Index | 8.60 | 8.60 | 22.35 | 6.07 | 11.10 | 9.95 | 9.93 |
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Advisor Class: APDQX | 23.71 | 5.57 | 26.57 | -13.07 | 18.25 |
Russell Midcap® Value Index | 27.06 | 4.96 | 28.34 | -12.03 | 12.71 |
Russell Midcap® Index | 30.54 | 17.10 | 22.58 | -17.32 | 17.23 |
Annual Report 30 September 2023 | 1.07% |
---|---|
Prospectus 30 September 2023 | 1.08% |
See prospectus for further details.
Top 10 Holdings (% of total portfolio as of 30 April 2024) |
|
---|---|
First Citizens BancShares Inc (Financials) | 4.5 |
Analog Devices Inc (Information Technology) | 4.0 |
Vontier Corp (Information Technology) | 3.7 |
U-Haul Holding Co (Industrials) | 3.4 |
Lamar Advertising Co (Real Estate) | 3.0 |
Expedia Group Inc (Consumer Discretionary) | 2.8 |
nVent Electric PLC (Industrials) | 2.7 |
Arch Capital Group Ltd (Financials) | 2.7 |
News Corp (Communication Services) | 2.5 |
Baxter International Inc (Health Care) | 2.4 |
Total | 31.7% |
Portfolio Statistics (as of 30 April 2024) |
|
---|---|
Median Market Cap (Billions) | $14.8 |
Weighted Avg. Market Cap (Billions) | $23.1 |
Weighted Harmonic Avg. P/E (FY1) | 14.3X |
Weighted Harmonic Avg. P/E (FY2) | 12.7X |
Median Price/Book Value | 1.9X |
Median ROE | 14.9% |
Median Fixed Charge Coverage Ratio | 5.7X |
Active Share | 94.1% |
Annual Turnover | 27.8% |
Number of Securities | 48 |
Cash (% of total portfolio) | 1.5% |
Market Cap Distribution (% of portfolio securities as of 30 April 2024) $ in billions |
|
---|---|
36.7+ | 17.6 |
23.5–36.7 | 14.7 |
15.7–23.5 | 20.0 |
9.7–15.7 | 15.6 |
0–9.7 | 32.0 |
TOTAL | 100.0% |
Sector Diversification (% of portfolio securities as of 30 April 2024) |
|
---|---|
Communication Services | 10.9 |
Consumer Discretionary | 12.9 |
Consumer Staples | 7.6 |
Energy | 2.5 |
Financials | 21.1 |
Health Care | 11.1 |
Industrials | 11.9 |
Information Technology | 10.9 |
Materials | — |
Real Estate | 6.9 |
Utilities | 4.1 |
Other | — |
Total | 100.0% |