Overview
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| Annualized | |||||||
| 1 Mo. | 3 Mos. | YTD | 1 Yr. | 3 Yrs. | 5 Yrs. | 10 Yrs. | |
| 11/30/2024 | |||||||
|---|---|---|---|---|---|---|---|
| Fund at NAV | 5.78 | 6.68 | 22.04 | 28.75 | 10.57 | 11.61 | 12.48 |
| Fund w/Max Sales Charge | 0.23 | 1.07 | 15.64 | 22.00 | 8.60 | 10.42 | 11.88 |
| Russell 2500™ Index1 | 9.84 | 10.44 | 21.12 | 34.10 | 6.23 | 10.94 | 9.84 |
| 09/30/2024 | |||||||
| Fund at NAV | 2.20 | 10.07 | 16.92 | 29.63 | 9.85 | 11.11 | 12.93 |
| Fund w/Max Sales Charge | -3.18 | 4.29 | 10.79 | 22.83 | 7.90 | 9.92 | 12.32 |
| Russell 2500™ Index1 | 1.49 | 8.75 | 11.30 | 26.17 | 3.46 | 10.42 | 9.49 |
| 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. Max Sales Charge: 5.25%. | |||||||
| Class A Inception | 11/28/2003 |
| Performance Inception | 04/30/2002 |
| Investment Objective | Long-term capital growth |
| Total Net Assets | $16.1B |
| Minimum Investment | $1000 |
| Expense Ratio2 | 1.14% |
| CUSIP | 277902656 |
| W R Berkley Corp | 4.79 |
| Carlisle Cos Inc | 4.33 |
| GoDaddy Inc | 4.25 |
| Morningstar Inc | 3.38 |
| Trimble Inc | 3.03 |
| Markel Group Inc | 2.83 |
| Brown & Brown Inc | 2.82 |
| CACI International Inc | 2.81 |
| Lennox International Inc | 2.74 |
| Burlington Stores Inc | 2.67 |
| Total | 33.65 |
| Time Period | Rating | Funds in Mid-Cap Blend Category |
| Overall | 377 | |
| 3 Years | 377 | |
| 5 Years | 340 | |
| 10 Years | 238 | |
| 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. |
| W. Matthew Hereford, CFA | Managed Fund since 2004 | ||
| Charles B. Reed, CFA | Managed Fund since inception | ||
| Jeffrey Wilson, CFA | Managed Fund since 2024 |
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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, more established companies. 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.
See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.
Performance
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|
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| Annualized | |||||||
| 1 Mo. | 3 Mos. | YTD | 1 Yr. | 3 Yrs. | 5 Yrs. | 10 Yrs. | |
| 11/30/2024 | |||||||
|---|---|---|---|---|---|---|---|
| Fund at NAV | 5.78 | 6.68 | 22.04 | 28.75 | 10.57 | 11.61 | 12.48 |
| Fund w/Max Sales Charge | 0.23 | 1.07 | 15.64 | 22.00 | 8.60 | 10.42 | 11.88 |
| Russell 2500™ Index1 | 9.84 | 10.44 | 21.12 | 34.10 | 6.23 | 10.94 | 9.84 |
| 09/30/2024 | |||||||
| Fund at NAV | 2.20 | 10.07 | 16.92 | 29.63 | 9.85 | 11.11 | 12.93 |
| Fund w/Max Sales Charge | -3.18 | 4.29 | 10.79 | 22.83 | 7.90 | 9.92 | 12.32 |
| Russell 2500™ Index1 | 1.49 | 8.75 | 11.30 | 26.17 | 3.46 | 10.42 | 9.49 |
| Morningstar Mid-Cap Growth Category5 | 2.42 | 6.46 | 12.68 | 26.45 | -0.04 | 10.48 | 10.35 |
| 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. Max Sales Charge: 5.25%. | |||||||
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Fund at NAV | 4.90 | 9.45 | 10.96 | 24.42 | -5.57 | 34.10 | 10.95 | 21.92 | -9.03 | 13.72 |
| Russell 2500™ Index1 | 7.07 | -2.90 | 17.59 | 16.81 | -10.00 | 27.77 | 19.99 | 18.18 | -18.37 | 17.42 |
| Class A Inception | 11/28/2003 |
| Performance Inception | 04/30/2002 |
| Expense Ratio2 | 1.14% |
| Distribution Frequency | Annually |
| Alpha (%) | 5.30 |
| Beta | 0.77 |
| R-Squared (%) | 90.95 |
| Standard Deviation (%) | 17.34 |
| Sharpe Ratio | 0.39 |
| Time Period | Rating | Funds in Mid-Cap Blend Category |
| Overall | 377 | |
| 3 Years | 377 | |
| 5 Years | 340 | |
| 10 Years | 238 | |
| 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. |
| Date | NAV | NAV Change |
| Dec 20, 2024 | $35.02 | $0.27 |
| Dec 19, 2024 | $34.75 | -$0.05 |
| Dec 18, 2024 | $34.80 | -$1.12 |
| Dec 17, 2024 | $35.92 | -$0.38 |
| Dec 16, 2024 | $36.30 | -$0.06 |
| Dec 13, 2024 | $36.36 | -$0.30 |
| Dec 12, 2024 | $36.66 | -$0.16 |
| Dec 11, 2024 | $36.82 | $0.14 |
| Dec 10, 2024 | $36.68 | -$1.52 |
| Dec 09, 2024 | $38.20 | -$0.28 |
| 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 |
| Ex-Date | Short-Term | Long-Term | Reinvest NAV |
| Dec 10, 2024 | $0.03400 | $1.39200 | |
| Dec 12, 2023 | $0.00610 | $0.97370 | |
| Dec 13, 2022 | $3.54150 | ||
| 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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, more established companies. 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.
See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.
Portfolio
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|
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| U.S. Common Stocks | 95.76 |
| Cash | 4.24 |
| Total | 100.00 |
| Average Market Cap | $15.7B |
| Price/Earnings Ratio | 22.96 |
| Number of Holdings | 51 |
| Price/Book Ratio | 3.96 |
| Active Share9 | 94.74% |
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| Sector | Fund | Russell 2500™ Index1 |
| Comm. Services | — | 2.92 |
| Consumer Discretionary | 14.30 | 12.31 |
| Consumer Staples | 2.59 | 3.38 |
| Energy | — | 5.09 |
| Financials | 23.75 | 17.92 |
| Health Care | 4.81 | 12.00 |
| Industrials | 27.00 | 19.31 |
| Information Technology | 14.16 | 11.85 |
| Materials | 7.28 | 5.89 |
| Real Estate | 1.88 | 6.76 |
| Utilities | — | 2.56 |
| Cash | 4.24 | — |
| > $150 Billion | 0.00 |
| $50-150 Billion | 0.00 |
| $15-50 Billion | 54.96 |
| $5-15 Billion | 40.41 |
| $1.5-5 Billion | 4.63 |
| < $1.5Billion | 0.00 |
| Holding | % of Net Assets |
| W R Berkley Corp | 4.51% |
| Carlisle Cos Inc | 4.25% |
| MSILF GOVERNMENT PORTFOLIO MSILF GOVERNMENT PORTFOLIO | 4.22% |
| GoDaddy Inc | 3.80% |
| CACI International Inc | 3.58% |
| Booz Allen Hamilton Holding Corp | 3.44% |
| Morningstar Inc | 3.32% |
| Brown & Brown Inc | 2.77% |
| AptarGroup Inc | 2.69% |
| Trimble Inc | 2.67% |
| 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. Smaller companies are generally subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk than larger, more established companies. 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.
See the Fund's prospectus for information related to a primary benchmark index selected (if applicable) to comply with a regulation that requires the Fund's primary benchmark to represent the overall applicable market.
Management
W. Matthew Hereford, CFA
Managing Director
Atlanta Capital Management
Joined Atlanta Capital 2002
Biography
Matt is a managing director of Atlanta Capital Management. He is a portfolio manager on the core equity team and a member of the firm's Management Committee. He joined Atlanta Capital in 2002.
Matt began his career in the investment management industry in 1995. Prior to joining Atlanta Capital, Matt was a portfolio manager at Invesco.
Matt earned a B.B.A. in international business from the University of Mississippi. He is a CFA charterholder.
Education
- B.B.A. University of Mississippi
Experience
- Managed Fund since 2004
Other funds managed
Charles B. Reed, CFA
Managing Director
Atlanta Capital Management
Joined Atlanta Capital 1998
Biography
Chip is a managing director of Atlanta Capital Management. He is a portfolio manager on the core equity team and a member of the firm's Management Committee. He joined Atlanta Capital in 1998.
Chip began his career in the investment management industry in 1989. Prior to joining Atlanta Capital, he was a portfolio manager with the Florida State Board of Administration.
Chip earned a B.S. in finance from Florida State University. He is a CFA charterholder.
Education
- B.S. Florida State University
Experience
- Managed Fund since inception
Other funds managed
Jeffrey Wilson, CFA
Managing Director
Joined Morgan Stanley 2024
Biography
Mr. Wilson is a Managing Director and serves as a Portfolio Manager for the Core Equity team.
Prior to joining the firm in 2024, Mr. Wilson was a Senior Analyst and Portfolio Manager at Blue Grotto Capital and GMT Capital, and began his career at the institutional investment firm Montag & Caldwell.
Mr. Wilson holds the Chartered Financial Analyst designation and is a graduate of Wake Forest University where he earned a Bachelor of Science degree in Finance and Master of Science degree in Accounting.
Education
- B.S. Wake Forest University
Experience
- Managed Fund since 2024
Literature
Literature
Fact Sheet
Download Fact Sheet - Last updated: Sep 30, 2024
Annual Financial Statements and Add'l Information
Semi-Annual Financial Statements and Add'l Information
Download Semi-Annual Financial Statements and Add'l Information
Commentary
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Attribution
Download Attribution - Last updated: Sep 30, 2024
