Overview

Historical Returns (%) as of Mar 31, 2024

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than or equal to one year is cumulative. Total return prior to the commencement of the class reflects returns of another Fund class. Prior returns are adjusted to reflect applicable sales charge (but were not adjusted for other expenses). If adjusted for other expenses, returns would be lower. Max Sales Charge: 1%.
 

Fund Facts as of Mar 31, 2024

Class C Inception 05/02/2011
Performance Inception 04/30/2002
Investment Objective Long-term capital growth
Total Net Assets $1.3B
Minimum Investment $1000
Expense Ratio2 1.78%
CUSIP 277902110

Top 10 Holdings (%)3,4 as of Dec 31, 2023

Alphabet Inc - CL C 7.65
Visa Inc 7.39
Microsoft Corp 6.63
Thermo Fisher Scientific Inc 5.89
Danaher Corp 5.79
Intuit Inc 5.27
Mastercard Inc 4.97
Amphenol Corp 4.42
Zoetis Inc 4.30
TJX Cos Inc 4.15
Total 56.46
 

Morningstar Rating™ as of Mar 31, 2024

Time Period Rating Funds in
Large Growth
Category
Overall 1111
3 Years 1111
5 Years 1037
10 Years 807
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds and exchange-traded funds) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Star ratings do not reflect the effect of any applicable sales load. Hollow stars denote Morningstar Extended Performance Ratings and are considered estimates based on the performance of the fund's oldest share class, adjusted for fees and expenses.

©2024 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
 

Portfolio Management

Joseph B. Hudepohl, CFA Managed Fund since 2015
Robert R. Walton, Jr., CFA Managed Fund since 2015
Jeffrey A. Miller, CFA Managed Fund since 2015
Lance Garrison, CFA, CSRIC Managed Fund since 2015

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

RISK CONSIDERATIONS 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. A nondiversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


1. Russell 1000® Growth Index is an unmanaged index of U.S. large-cap growth stocks. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Historical performance of the index illustrates market trends and does not represent the past or future performance of the fund.
2. Source: Fund prospectus.
3. Top 10 Holdings excludes cash and equivalents.
4. Percent of total net assets.

Performance

Historical Returns (%) as of Mar 31, 2024

Past performance is no guarantee of future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than their original cost. Performance is for the stated time period only; due to market volatility, the Fund’s current performance may be lower or higher than quoted. Returns are historical and are calculated by determining the percentage change in net asset value (NAV) with all distributions reinvested. Returns for other classes of shares offered by the Fund are different. Performance less than or equal to one year is cumulative. Total return prior to the commencement of the class reflects returns of another Fund class. Prior returns are adjusted to reflect applicable sales charge (but were not adjusted for other expenses). If adjusted for other expenses, returns would be lower. Max Sales Charge: 1%.
 

Calendar Year Returns (%)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Fund at NAV 7.68 1.78 2.40 26.10 7.73 37.11 25.93 29.12 -21.01 24.35
Russell 1000® Growth Index1 13.05 5.67 7.08 30.21 -1.51 36.39 38.49 27.60 -29.14 42.68
 

Fund Facts

Class C Inception 05/02/2011
Performance Inception 04/30/2002
Expense Ratio2 1.78%
Distribution Frequency Annually

Risk Measures (3 Year)6 as of Mar 31, 2024

Alpha (%) -0.52
Beta 0.82
R-Squared (%) 87.56
Standard Deviation (%) 18.36
Sharpe Ratio 0.39
 

Morningstar Rating™ as of Mar 31, 2024

Time Period Rating Funds in
Large Growth
Category
Overall 1111
3 Years 1111
5 Years 1037
10 Years 807
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds and exchange-traded funds) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star.

The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Star ratings do not reflect the effect of any applicable sales load. Hollow stars denote Morningstar Extended Performance Ratings and are considered estimates based on the performance of the fund's oldest share class, adjusted for fees and expenses.

©2024 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
 

NAV History

Date NAV NAV Change
Apr 15, 2024 $17.69 -$0.21
Apr 12, 2024 $17.90 -$0.25
Apr 11, 2024 $18.15 $0.05
Apr 10, 2024 $18.10 -$0.25
Apr 09, 2024 $18.35 $0.06
Apr 08, 2024 $18.29 $0.00
Apr 05, 2024 $18.29 $0.21
Apr 04, 2024 $18.08 -$0.19
Apr 03, 2024 $18.27 $0.00
Apr 02, 2024 $18.27 -$0.10
 

Distribution History7

Ex-Date Distribution Reinvest NAV
No records in this table indicates that there has not been a distribution greater than .0001 within the past 3 years.
Fund prospectus
 

Capital Gain History7

Ex-Date Short-Term Long-Term Reinvest NAV
Dec 12, 2023 $0.03840
Dec 13, 2022 $0.03860
Dec 01, 2021 $0.00120 $0.37310 $16.75
No records in this table indicates that there has not been a capital gain greater than .0001 within the past 3 years.
Fund prospectus

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

RISK CONSIDERATIONS 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. A nondiversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


1. Russell 1000® Growth Index is an unmanaged index of U.S. large-cap growth stocks. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Historical performance of the index illustrates market trends and does not represent the past or future performance of the fund.
2. Source: Fund prospectus.
5. The Morningstar Large Growth Category includes funds that invest primarily in U.S. large-cap companies with growth characteristics such as high earnings growth and high valuations (high price ratios and low dividend yields).
6. Alpha measures risk-adjusted performance, showing excess return delivered at the same risk level as the benchmark. Beta measures the volatility of a fund relative to the overall market. R-Squared represents the percentage of the portfolio's movement that can be explained by the general movement of the market. Standard deviation measures the historic volatility of a fund. Sharpe Ratio uses standard deviation and excess return to determine reward per unit of risk.
7. A portion of the Fund's returns may be comprised of return of capital or short term capital gains. The Fund will determine the tax characteristics of all Fund distributions after the end of the calendar year and will provide shareholders such information at that time. Please consult your tax advisor for further information.

Portfolio

Asset Mix (%)4,8 as of Dec 31, 2023

Portfolio Statistics as of Dec 31, 2023

Average Market Cap $480.5B
Price/Earnings Ratio 29.36
Number of Holdings 23
Price/Book Ratio 6.99
Active Share9 81.92%
 

GICS Sector Breakdown (%)4 as of Dec 31, 2023

 

Fund Holdings (%)4,10 as of Feb 29, 2024

Holding % of Net Assets
Visa Inc 7.65%
Alphabet Inc - CL C 7.54%
Microsoft Corp 6.95%
Danaher Corp 6.04%
Thermo Fisher Scientific Inc 6.02%
Intuit Inc 5.33%
Mastercard Inc 5.28%
Amphenol Corp 4.64%
Linde PLC 4.18%
TJX Cos Inc 4.18%
View All

Portfolio profile subject to change due to active management. Percentages may not total 100% due to rounding.

RISK CONSIDERATIONS 

The value of investments held by the Fund may increase or decrease in response to economic, and financial events (whether real, expected or perceived) in the U.S. and global markets. The value of equity securities is sensitive to stock market volatility. A nondiversified fund may be subject to greater risk by investing in a smaller number of investments than a diversified fund. The Fund is exposed to liquidity risk when trading volume, lack of a market maker or trading partner, large position size, market conditions, or legal restrictions impair its ability to sell particular investments or to sell them at advantageous market prices. The impact of the coronavirus on global markets could last for an extended period and could adversely affect the Fund’s performance. No fund is a complete investment program and you may lose money investing in a fund. The Fund may engage in other investment practices that may involve additional risks and you should review the Fund prospectus for a complete description.


1. Russell 1000® Growth Index is an unmanaged index of U.S. large-cap growth stocks. Unless otherwise stated, index returns do not reflect the effect of any applicable sales charges, commissions, expenses, taxes or leverage, as applicable. It is not possible to invest directly in an index. Historical performance of the index illustrates market trends and does not represent the past or future performance of the fund.
4. Percent of total net assets.
8. A delay in transaction settlement may result in a negative cash position.
9. Active Share is a measure of the differentiation of the holdings of a portfolio from the holdings of its appropriate benchmark index. It is calculated as one half of the sum of the absolute value of the differences found between the portfolio weights and the benchmark weights.
10. The following list reflects unaudited securities holdings (excluding derivatives positions). Holdings information may differ if presented as of trade date. Due to rounding, holdings of less than 0.005% may show as 0.00%. Portfolio information subject to change due to active management.

Management

Joseph B. Hudepohl, CFA

Managing Director
Atlanta Capital Management
Joined Atlanta Capital 2015

Biography

Joseph Hudepohl is a managing director of Atlanta Capital Management. He serves as a portfolio manager on the firm's growth equity team. He joined Atlanta Capital in 2015.

Joe began his career in the investment management industry in 1997. Prior to joining Atlanta Capital, he was affiliated with Logan Circle Partners LP, a division of Fortress Investment Group LLC, as a portfolio manager and with Goldman Sachs Asset Management in Tampa, Florida.

Joe earned a B.A. in economics from Stanford University. He is a former member of the U.S. National Swim Team and a three-time Olympic medalist. Joe is a CFA charterholder.

Education
  • B.A. Stanford University

Experience
  • Managed Fund since 2015

 

Robert R. Walton, Jr., CFA

Executive Director
Atlanta Capital Management
Joined Atlanta Capital 1999

Biography

Rob is an executive director of Atlanta Capital Management. He is a portfolio manager on the growth equity team. He joined Atlanta Capital in 1999.

Rob began his career in the investment management industry in 1994. Prior to joining Atlanta Capital, he was an equity research analyst at The Robinson-Humphrey Company, where he was responsible for the insurance and industrial growth industries.

Rob earned a B.A. with a dual concentration in economics and political science from Colgate University and an MBA from Emory University. He is a CFA charterholder. Rob holds the Fundamentals of Sustainability Accounting (FSA) Credential.

Education
  • B.A. Colgate University
  • M.B.A. Emory University

Experience
  • Managed Fund since 2015

 

Jeffrey A. Miller, CFA

Managing Director
Atlanta Capital Management
Joined Atlanta Capital 2014

Biography

Jeff is a managing director of Atlanta Capital Management. He is a portfolio manager on the growth equity team. He joined Atlanta Capital in 2014.

Jeff began his career in the investment management industry in 1996. Prior to joining Atlanta Capital, he was a research analyst at Crawford Investment Counsel, where he was responsible for equity research and served on the equity investment team. Previously, he was a senior vice president, member of the investment policy committee and global technology analyst for Institutional Capital (ICAP).

Jeff earned a B.B.A. in finance from Southern Methodist University and an MBA from Loyola University Chicago. He is a CFA charterholder, holds the Fundamentals of Sustainability Accounting (FSA) Credential and has achieved the CFA Certificate in ESG Investing.

Education
  • B.B.A. Southern Methodist University
  • M.B.A. Loyola University Chicago

Experience
  • Managed Fund since 2015

 

Lance Garrison, CFA, CSRIC

Managing Director
Atlanta Capital Management
Joined Atlanta Capital 2007

Biography

Lance is a managing director of Atlanta Capital Management. He is a portfolio manager on the growth equity team. He joined Atlanta Capital in 2007.

Lance began his career in the investment management industry in 2000. Prior to joining Atlanta Capital, he worked at Standard & Poor's Corporate Value Consulting and Wellington Management Company.

Lance earned a B.S. from the University of Florida and an MBA from Northwestern University. He is a CFA charterholder and has achieved the CFA Certificate in ESG Investing. He holds the Chartered SRI Counselor (CSRIC) designation and the Fundamentals of Sustainability Accounting (FSA) Credential and is a subject matter expert with the International Sustainability Standards Board ("ISSB"). Additionally, he serves on the ISSB Technical Reference Group advising on matters of implementation and emerging issues that should be considered in the standards development process.

Education
  • B.S. University of Florida
  • M.B.A. Northwestern University

Experience
  • Managed Fund since 2015

 

Literature

Literature

Fact Sheet

Download Fact Sheet - Last updated: Mar 31, 2024

Commentary

Download Commentary - Last updated: Dec 31, 2023

Attribution

Download Attribution - Last updated: Dec 31, 2023

Annual Report

Download Annual Report - Last updated: Sep 30, 2023

Full Prospectus

Download Full Prospectus - Last updated: Feb 1, 2024

Q1 Holdings

Download Q1 Holdings - Last updated: Dec 31, 2023

Q3 Holdings

Download Q3 Holdings - Last updated: Jun 30, 2023

Holdings - Form N-PORT

Download Holdings - Form N-PORT

SAI

Download SAI - Last updated: Feb 1, 2024

Semi-Annual Report

Download Semi-Annual Report - Last updated: Mar 31, 2023

Summary Prospectus

Download Summary Prospectus - Last updated: Feb 1, 2024