Portfolio Characteristics

As of 12/31/2019

Small Cap Growth Fund
Russell 2000® Growth Index
Number of Holdings
72
1,172
Weighted Avg. Market Cap ($Mil)
5,241.32
2,740.34
Median Market Cap ($Mil)
4,309.87
925.09
Price/Book Ratio
4.92
4.59
Adj. Trailing P/E Ratio
24.59
21.25
Forecasted P/E Ratio
21.17
22.09
Earnings Growth Rate (%)
18.78
12.96
Proj. Earnings Growth Rate (%)
14.37
17.04
Return on Equity (%)
9.65
10.22
Turnover (annualized % as of fiscal year end 10/31)
12
Beta vs. Fund Benchmark
0.96

Top Ten Holdings

As of 12/31/2019

Company Name [Ticker]
% of Net Assets
Icon plc[ICLR]
2.8
BIO-RAD Laboratories Inc.[BIO]
2.8
Topbuild Corp.[BLD]
2.4
Ascendis Pharma A/S ADR[ASND]
2.3
Trex Co. Inc.[TREX]
2.2
Timken Co.[TKR]
2.1
Mimecast Ltd.[MIME]
2.0
Teledyne Technologies Inc.[TDY]
2.0
Eldorado Resorts Inc.[ERI]
2.0
Medicines Co.[MDCO]
1.9

Full Holdings

As of 12/31/2019

Company Name [Ticker]
Country
Shares (000's)
Current Price ($)
Market Value ($000's)
% of Net Assets
Icon plc [ICLR]
Ireland
129
172.23
22,148
2.8
BIO-RAD Laboratories Inc. [BIO]
United States
59
370.03
21,706
2.8
Topbuild Corp. [BLD]
United States
181
103.08
18,662
2.4
Ascendis Pharma A/S ADR [ASND]
Denmark
128
139.12
17,867
2.3
Trex Co. Inc. [TREX]
United States
192
89.88
17,212
2.2
Timken Co. [TKR]
United States
299
56.31
16,856
2.1
Mimecast Ltd. [MIME]
Jersey
368
43.38
15,962
2.0
Teledyne Technologies Inc. [TDY]
United States
45
346.54
15,573
2.0
Eldorado Resorts Inc. [ERI]
United States
258
59.64
15,410
2.0
Medicines Co. [MDCO]
United States
179
84.94
15,223
1.9
Wex Inc. [WEX]
United States
72
209.46
15,094
1.9
Brixmor Property Group Inc. [BRX]
United States
695
21.61
15,025
1.9
Rush Enterprises Inc. [RUSHA]
United States
317
46.50
14,755
1.9
Lincoln Electric Holdings Inc. [LECO]
United States
151
96.73
14,604
1.9
Masimo Corp. [MASI]
United States
92
158.06
14,463
1.8
Fair Isaac Corp. [FICO]
United States
38
374.68
14,057
1.8
LPL Financial Holdings Inc. [LPLA]
United States
146
92.25
13,511
1.7
Ironwood Pharmaceuticals Inc. [IRWD]
United States
995
13.31
13,242
1.7
Blueprint Medicines Corp. [BPMC]
United States
164
80.11
13,142
1.7
Nice Ltd. ADR [NICE]
Israel
84
155.15
13,106
1.7
Pacira BioSciences Inc. [PCRX]
United States
289
45.30
13,101
1.7
Haemonetics Corp. [HAE]
United States
113
114.90
13,010
1.7
WPX Energy Inc. [WPX]
United States
937
13.74
12,873
1.6
Berry Global Group Inc. [BERY]
United States
269
47.49
12,788
1.6
Five Below Inc. [FIVE]
United States
96
127.86
12,326
1.6
Madison Square Garden Co. [MSG]
United States
42
294.19
12,288
1.6
Flowserve Corp. [FLS]
United States
238
49.77
11,857
1.5
Zynga Inc. [ZNGA]
United States
1,868
6.12
11,434
1.5
Catalent Inc. [CTLT]
United States
202
56.30
11,370
1.4
WNS Holdings Ltd. ADR [WNS]
Jersey
169
66.15
11,176
1.4
Acceleron Pharma Inc. [XLRN]
United States
208
53.02
11,002
1.4
PBF Energy Inc. [PBF]
United States
343
31.37
10,754
1.4
Nuance Communications Inc. [NUAN]
United States
597
17.83
10,640
1.3
8x8 Inc. [EGHT]
United States
562
18.30
10,286
1.3
Msa Safety Inc. [MSA]
United States
81
126.36
10,240
1.3
Western Alliance Bancorp [WAL]
United States
177
57.00
10,096
1.3
Knowles Corp. [KN]
United States
468
21.15
9,891
1.3
Proofpoint Inc. [PFPT]
United States
85
114.78
9,771
1.2
Teladoc Health Inc. [TDOC]
United States
111
83.72
9,330
1.2
Cabot Microelectronics Corp. [CCMP]
United States
65
144.32
9,309
1.2
Papa John's International Inc. [PZZA]
United States
146
63.15
9,225
1.2
Woodward Inc. [WWD]
United States
77
118.44
9,173
1.2
Viavi Solutions Inc. [VIAV]
United States
611
15.00
9,167
1.2
Hamilton Lane Inc. [HLNE]
United States
151
59.60
8,999
1.1
Integra LifeSciences Holdings Corp. [IART]
United States
153
58.28
8,913
1.1
KB Home [KBH]
United States
253
34.27
8,687
1.1
Rogers Corp. [ROG]
United States
68
124.73
8,519
1.1
Advanced Energy Industries Inc. [AEIS]
United States
119
71.20
8,499
1.1
Ryder System Inc. [R]
United States
149
54.31
8,111
1.0
First Hawaiian Inc. [FHB]
United States
279
28.85
8,036
1.0
Aci Worldwide Inc. [ACIW]
United States
212
37.885
8,023
1.0
Bottomline Technologies de Inc. [EPAY]
United States
148
53.60
7,917
1.0
Intersect ENT Inc. [XENT]
United States
312
24.90
7,779
1.0
Nmi Holdings Inc. [NMIH]
United States
234
33.18
7,748
1.0
SiTime Corp. [SITM]
United States
297
25.50
7,571
1.0
Insperity Inc. [NSP]
United States
88
86.04
7,564
1.0
Palomar Holdings Inc. [PLMR]
United States
149
50.49
7,524
1.0
Paylocity Holding Corp. [PCTY]
United States
62
120.82
7,462
0.9
Bright Horizons Family Solutions Inc. [BFAM]
United States
47
150.29
7,004
0.9
Reata Pharmaceuticals Inc. [RETA]
United States
32
204.43
6,613
0.8
Firstcash Inc. [FCFS]
United States
74
80.63
5,929
0.8
Essent Group Ltd. [ESNT]
Bermuda
112
51.99
5,831
0.7
Momenta Pharmaceuticals Inc. [MNTA]
United States
285
19.73
5,632
0.7
Fate Therapeutics Inc. [FATE]
United States
284
19.57
5,561
0.7
Grocery Outlet Holding Corp. [GO]
United States
170
32.45
5,532
0.7
Apellis Pharmaceuticals Inc. [APLS]
United States
160
30.62
4,914
0.6
Firstservice Corp. [FSV]
Canada
47
93.04
4,374
0.6
Orchard Therapeutics plc ADR [ORTX]
United Kingdom
310
13.75
4,264
0.5
Repay Holdings Corp. [RPAY]
United States
290
14.65
4,249
0.5
Matson Inc. [MATX]
United States
99
40.80
4,053
0.5
Repligen Corp. [RGEN]
United States
43
92.50
4,006
0.5
Spirit Realty Capital Inc. [SRC]
United States
68
49.18
3,341
0.4

Sector Allocation

As of 12/31/2019

Economic Sector
Small Cap Growth Fund %
Russell 2000® Growth Index %
Health Care
28.3
30.5
Information Technology
22.9
17.3
Industrials
16.5
18.9
Consumer Discretionary
9.0
12.0
Financials
8.6
5.7
Communication Services
3.0
2.4
Energy
3.0
0.6
Real Estate
2.9
4.6
Materials
1.6
3.1
Consumer Staples
0.7
3.3
Utilities
0.0
1.5

Sector Returns

As of 12/31/2019

Economic Sector
Small Cap Growth Fund %
Russell 2000® Growth Index %
Health Care
24.6
23.1
Energy
23.4
5.1
Materials
10.4
9.3
Information Technology
9.7
7.1
Consumer Discretionary
9.3
9.3
Industrials
8.9
6.8
Communication Services
7.8
7.5
Financials
7.6
7.1
Real Estate
2.8
3.7
Cash
0.4
0.0
Utilities
0.0
-1.5
Consumer Staples
-6.4
5.2