Portfolio Characteristics


As of 12/31/2019

Capital Appreciation Fund
Russell 1000® Growth Index
Number of Holdings
61
530
Weighted Avg. Market Cap ($Mil)
370,796.49
394,160.4
Median Market Cap ($Mil)
75,299.4
13,734.62
Price/Book Ratio
12.79
11.35
Adj. Trailing P/E Ratio
34.54
27.84
Forecasted P/E Ratio
29.06
24.31
Earnings Growth Rate (%)
38.95
28.87
Proj. Earnings Growth Rate (%)
18.48
14.32
Return on Equity (%)
26.35
29.67
Turnover (annualized % as of fiscal year end 10/31)
40
Beta vs. Fund Benchmark
1.10

For definitions of any of these terms, please visit our Financial Glossary.

Top Ten Holdings

As of 12/31/2019

Company Name [Ticker]
% of Net Assets
Amazon.com Inc.[AMZN]
5.5
Microsoft Corp.[MSFT]
5.4
Apple Inc.[AAPL]
5.3
MasterCard Inc.[MA]
4.0
Salesforce.com Inc.[CRM]
3.8
Alibaba Group Holding Ltd. ADR[BABA]
3.6
VISA Inc.[V]
3.4
Adobe Inc.[ADBE]
3.3
Alphabet Inc. Class A[GOOGL]
3.1
Alphabet Inc. Class C[GOOG]
3.1

Full Holdings

As of 12/31/2019

Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
Amazon.com Inc. [AMZN]
United States
928
1,847.84
1,715,708
5.5
Microsoft Corp. [MSFT]
United States
10,715
157.70
1,689,754
5.4
Apple Inc. [AAPL]
United States
5,711
293.65
1,676,918
5.3
MasterCard Inc. [MA]
United States
4,204
298.59
1,255,358
4.0
Salesforce.com Inc. [CRM]
United States
7,335
162.64
1,192,942
3.8
Alibaba Group Holding Ltd. ADR [BABA]
China
5,294
212.10
1,122,787
3.6
VISA Inc. [V]
United States
5,729
187.90
1,076,534
3.4
Adobe Inc. [ADBE]
United States
3,100
329.81
1,022,348
3.3
Alphabet Inc. Class A [GOOGL]
United States
722
1,339.39
966,728
3.1
Alphabet Inc. Class C [GOOG]
United States
722
1,337.02
964,852
3.1
Facebook Inc. [FB]
United States
4,568
205.25
937,507
3.0
NetFlix Inc. [NFLX]
United States
2,575
323.57
833,262
2.7
NVIDIA Corp. [NVDA]
United States
3,403
235.30
800,795
2.5
Nike Inc. [NKE]
United States
7,348
101.31
744,385
2.4
AstraZeneca plc ADR [AZN]
United Kingdom
12,893
49.86
642,850
2.0
Kering SA [KER]
France
968
658.915
637,974
2.0
Lululemon Athletica Inc. [LULU]
Canada
2,638
231.67
611,139
1.9
Tesla Inc. [TSLA]
United States
1,437
418.33
601,150
1.9
Costco Wholesale Corp. [COST]
United States
1,973
293.92
579,876
1.8
FleetCor Technologies Inc. [FLT]
United States
1,893
287.72
544,650
1.7
Walt Disney Co. [DIS]
United States
3,571
144.63
516,440
1.6
Estée Lauder Companies Inc. [EL]
United States
2,491
206.54
514,501
1.6
Boeing Co. [BA]
United States
1,424
325.76
463,908
1.5
Qualcomm Inc. [QCOM]
United States
5,167
88.23
455,926
1.5
Illumina Inc. [ILMN]
United States
1,360
331.74
451,068
1.4
Intuitive Surgical Inc. [ISRG]
United States
739
591.15
437,100
1.4
Adidas AG [ADS]
Germany
1,272
325.518
414,116
1.3
Adyen NV [ADYEN]
Netherlands
501
822.596
412,329
1.3
Splunk Inc. [SPLK]
United States
2,746
149.77
411,268
1.3
Safran SA [SAF]
France
2,563
154.459
395,950
1.3
Broadcom Inc. [AVGO]
United States
1,250
316.02
395,035
1.3
Airbus SE [AIR]
France
2,590
146.765
380,112
1.2
Home Depot Inc. [HD]
United States
1,694
218.38
369,870
1.2
S&P Global Inc. [SPGI]
United States
1,321
273.05
360,786
1.1
Union Pacific Corp. [UNP]
United States
1,985
180.79
358,811
1.1
Shopify Inc. [SHOP]
Canada
838
397.58
333,050
1.1
Chipotle Mexican Grill Inc. [CMG]
United States
398
837.11
333,018
1.1
Danaher Corp. [DHR]
United States
2,135
153.48
327,740
1.0
Marriott International Inc. [MAR]
United States
2,151
151.43
325,662
1.0
JPMorgan Chase & Co. [JPM]
United States
2,262
139.40
315,288
1.0
Servicenow Inc. [NOW]
United States
1,109
282.32
313,106
1.0
Vertex Pharmaceuticals Inc. [VRTX]
United States
1,410
218.95
308,784
1.0
PayPal Holdings Inc. [PYPL]
United States
2,852
108.17
308,462
1.0
Workday Inc. [WDAY]
United States
1,856
164.45
305,161
1.0
Edwards Lifesciences Corp. [EW]
United States
1,300
233.29
303,308
1.0
DexCom Inc. [DXCM]
United States
1,027
218.74
224,566
0.7
ELI Lilly + Co. [LLY]
United States
1,675
131.43
220,169
0.7
Xilinx Inc. [XLNX]
United States
2,057
97.77
201,152
0.6
BioMarin Pharmaceutical Inc. [BMRN]
United States
2,018
84.55
170,598
0.5
Boston Scientific Corp. [BSX]
United States
3,493
45.22
157,932
0.5
Coupa Software Inc. [COUP]
United States
1,077
146.25
157,574
0.5
Constellation Brands Inc. [STZ]
United States
827
189.75
156,933
0.5
Twilio Inc. [TWLO]
United States
1,498
98.28
147,189
0.5
Square Inc. [SQ]
United States
2,260
62.56
141,414
0.5
Exact Sciences Corp. [EXAS]
United States
1,411
92.48
130,459
0.4
Uber Technologies Inc. [UBER]
United States
4,174
29.74
124,138
0.4
American Tower Corp. [AMT]
United States
415
229.82
95,359
0.3
Novartis AG ADR [NVS]
Switzerland
994
94.69
94,140
0.3
Guardant Health Inc. [GH]
United States
936
78.14
73,176
0.2
Universal Display Corp. [OLED]
United States
294
206.07
60,482
0.2
Peloton Interactive Inc. [PTON]
United States
822
28.40
23,338
0.1

Sector Allocation

As of 12/31/2019

Economic Sector
Capital Appreciation Fund %
Russell 1000® Growth Index %
Information Technology
41.1
38.9
Consumer Discretionary
22.0
13.8
Communication Services
13.4
11.6
Health Care
11.3
14.7
Industrials
5.5
9.3
Consumer Staples
4.0
4.6
Financials
2.2
3.1
Real Estate
0.3
2.4
Materials
0.0
1.3
Energy
0.0
0.3

Sector Returns

As of 12/31/2019

Economic Sector
Capital Appreciation Fund %
Russell 1000® Growth Index %
Consumer Discretionary
15.8
6.0
Information Technology
15.1
14.4
Financials
14.8
8.9
Communication Services
12.6
10.9
Health Care
11.7
16.2
Real Estate
5.2
0.9
Consumer Staples
1.6
3.6
Energy
0.0
6.3
Materials
0.0
1.8
Cash
-0.0
0.0
Industrials
-1.4
2.6