Growth Leaders Fund
Daily price w/o sales charge as of 12/05/2025
$54.84
$0.07
YTD Returns w/o sales charge as of 12/05/2025
18.45%
Summary
Summary
Fund Basicsas of 10/31/2025
- Total Net Assets
- $8.33 B
- Inception Date
- 06/30/2015
- Dividend Frequency
- Annually
- Fund Gross Expense Ratio
- 0.90%
- Fund Net Expense Ratio
- 0.90%
- Number of Holdings
- 49
Fund Expense Ratio :
Gross 0.90%
Net 0.90%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2015 |
|---|
| w/o sales charge | 17.67% | 16.12% | 27.45% | 9.88% | 16.61% | 16.06% |
| Lipper Category Avg. Multi-Cap Growth Funds | 14.60% | 10.93% | 21.68% | 8.89% | 13.46% | - |
| Russell 1000® Growth Index | 19.42% | 20.47% | 28.02% | 16.53% | 18.04% | 17.60% |
| w/ sales charge | 17.67% | 16.12% | 27.45% | 9.88% | 16.61% | 16.06% |
Fund Expense Ratio :
Gross 0.90%
Net 0.90%
Fund Expense Ratio :
Gross 0.90%
Net 0.90%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2015 |
|---|
| w/o sales charge | 20.31% | 36.39% | 30.10% | 12.61% | 17.79% | 16.59% |
| Lipper Category Avg. Multi-Cap Growth Funds | 15.67% | 23.87% | 25.82% | 11.10% | 14.43% | - |
| Russell 1000® Growth Index | 17.33% | 25.63% | 31.65% | 17.59% | 18.84% | 17.71% |
Fund Expense Ratio :
Gross 0.90%
Net 0.90%
Past performance is not a reliable indicator or guarantee of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost.
TEN LARGEST HOLDINGS as of 10/31/2025View Portfolio
| Holding | Assets |
|---|---|
| NVIDIA Corp | 11.8% |
| Amazon.com Inc | 5.6% |
| Microsoft Corp | 4.6% |
| Alphabet Inc | 4.3% |
| Broadcom Inc | 3.6% |
| Arista Networks Inc | 3.5% |
| Meta Platforms Inc | 3.1% |
| Apple Inc | 2.8% |
| Shopify Inc | 2.7% |
| Robinhood Markets Inc | 2.4% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Sector Allocationas of 10/31/2025View Portfolio
| Sector | Weighting |
|---|
| Sector | Weighting |
|---|---|
| Communication Services | |
| Real Estate | |
| Utilities | |
| Consumer Discretionary | |
| Consumer Staples | |
| Energy | |
| Financials | |
| Health Care | |
| Industrials | |
| Information Technology | |
| Materials |
INVESTMENT TEAM
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Performance
Performance
Fund Expense Ratio :
Gross 0.90%
Net 0.90%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2015 |
|---|
| w/o sales charge | 17.67% | 16.12% | 27.45% | 9.88% | 16.61% | 16.06% |
| Lipper Category Avg. Multi-Cap Growth Funds | 14.60% | 10.93% | 21.68% | 8.89% | 13.46% | - |
| Russell 1000® Growth Index | 19.42% | 20.47% | 28.02% | 16.53% | 18.04% | 17.60% |
| w/ sales charge | 17.67% | 16.12% | 27.45% | 9.88% | 16.61% | 16.06% |
Fund Expense Ratio :
Gross 0.90%
Net 0.90%
Fund Expense Ratio :
Gross 0.90%
Net 0.90%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2015 |
|---|
| w/o sales charge | 20.31% | 36.39% | 30.10% | 12.61% | 17.79% | 16.59% |
| Lipper Category Avg. Multi-Cap Growth Funds | 15.67% | 23.87% | 25.82% | 11.10% | 14.43% | - |
| Russell 1000® Growth Index | 17.33% | 25.63% | 31.65% | 17.59% | 18.84% | 17.71% |
Fund Expense Ratio :
Gross 0.90%
Net 0.90%
Past performance is not a reliable indicator or guarantee of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost.
| Year | Fund Returns | Russell 1000® Growth Index |
|---|
| 2024 | 44.61% | 33.36% |
| 2023 | 32.95% | 42.68% |
| 2022 | -38.87% | -29.14% |
| 2021 | 8.66% | 27.60% |
| 2020 | 77.05% | 38.49% |
| 2019 | 34.73% | 36.39% |
| 2018 | -0.95% | -1.51% |
| 2017 | 31.24% | 30.21% |
| 2016 | 0.58% | 7.08% |
| Year | Q1 | Q2 | Q3 | Q4 |
|---|
| 2025 | -13.65% | 25.68% | 10.86% | - |
| 2024 | 17.69% | 5.59% | 2.66% | 13.36% |
| 2023 | 9.97% | 11.14% | -4.73% | 14.19% |
| 2022 | -13.08% | -23.43% | -3.51% | -4.80% |
| 2021 | -3.88% | 6.49% | 1.48% | 4.61% |
| 2020 | -9.79% | 40.16% | 18.85% | 17.83% |
| 2019 | 20.73% | 6.31% | -5.94% | 11.60% |
| 2018 | 4.56% | 6.93% | 11.01% | -20.20% |
| 2017 | 8.00% | 6.14% | 6.52% | 7.48% |
| 2016 | -3.91% | 0.69% | 6.02% | -1.95% |
NAV HISTORICAL PRICES
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Holding | Sector | Assets |
|---|
| NVIDIA Corp | Information Technology | 11.8% |
| Amazon.com Inc | Consumer Discretionary | 5.6% |
| Microsoft Corp | Information Technology | 4.6% |
| Alphabet Inc | Communication Services | 4.3% |
| Broadcom Inc | Information Technology | 3.6% |
| Arista Networks Inc | Information Technology | 3.5% |
| Meta Platforms Inc | Communication Services | 3.1% |
| Apple Inc | Information Technology | 2.8% |
| Shopify Inc | Information Technology | 2.7% |
| Robinhood Markets Inc | Financials | 2.4% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
| Holding | Sector | Assets |
|---|
| NVIDIA Corp | Information Technology | 11.8% |
| Amazon.com Inc | Consumer Discretionary | 5.6% |
| Microsoft Corp | Information Technology | 4.6% |
| Alphabet Inc | Communication Services | 4.3% |
| Broadcom Inc | Information Technology | 3.6% |
| Arista Networks Inc | Information Technology | 3.5% |
| Meta Platforms Inc | Communication Services | 3.1% |
| Apple Inc | Information Technology | 2.8% |
| Shopify Inc | Information Technology | 2.7% |
| Robinhood Markets Inc | Financials | 2.4% |
| Palantir Technologies Inc | Information Technology | 2.3% |
| Cloudflare Inc | Information Technology | 2.3% |
| Insmed Inc | Health Care | 2.2% |
| Netflix Inc | Communication Services | 2.1% |
| DoorDash Inc | Consumer Discretionary | 2.0% |
| Oracle Corp | Information Technology | 2.0% |
| Natera Inc | Health Care | 1.9% |
| General Electric Co | Industrials | 1.9% |
| Axon Enterprise Inc | Industrials | 1.9% |
| Crowdstrike Holdings Inc | Information Technology | 1.9% |
| Carvana Co | Consumer Discretionary | 1.8% |
| EMCOR Group Inc | Industrials | 1.8% |
| AppLovin Corp | Information Technology | 1.8% |
| MercadoLibre Inc | Consumer Discretionary | 1.8% |
| Spotify Technology SA | Communication Services | 1.6% |
| Comfort Systems USA Inc | Industrials | 1.6% |
| Argenx SE | Health Care | 1.4% |
| Snowflake Inc | Information Technology | 1.4% |
| Uber Technologies Inc | Industrials | 1.4% |
| Amphenol Corp | Information Technology | 1.3% |
| Advanced Micro Devices Inc | Information Technology | 1.3% |
| Astera Labs Inc | Information Technology | 1.3% |
| Reddit Inc | Communication Services | 1.3% |
| Sea Ltd | Consumer Discretionary | 1.3% |
| Guidewire Software Inc | Information Technology | 1.3% |
| Tesla Inc | Consumer Discretionary | 1.0% |
| Intuitive Surgical Inc | Health Care | 1.0% |
| Affirm Holdings Inc | Financials | 0.9% |
| Cadence Design Systems Inc | Information Technology | 0.9% |
| Evercore Inc | Financials | 0.9% |
| Vertiv Holdings Co | Industrials | 0.8% |
| Booking Holdings Inc | Consumer Discretionary | 0.8% |
| Howmet Aerospace Inc | Industrials | 0.8% |
| TransDigm Group Inc | Industrials | 0.8% |
| Toast Inc | Financials | 0.7% |
| Live Nation Entertainment Inc | Communication Services | 0.6% |
| ROBLOX Corp | Communication Services | 0.6% |
| Take-Two Interactive Software Inc | Communication Services | 0.5% |
| Visa Inc | Financials | 0.5% |
Sector Allocationas of 10/31/2025
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
 2.8%
|
|
| Real Estate | 0.0% | |
| Utilities | 0.0% | |
| Consumer Discretionary | 0.0% | |
| Consumer Staples | 0.0% | |
| Energy | 0.0% | |
| Financials |
1.1%
|
|
| Health Care |
0.6%
|
|
| Industrials |
1.0%
|
|
| Information Technology |
1.9%
|
|
| Materials | 0.0% |
PORTFOLIO DETAILS as of 10/31/2025
- Total Net Assets
- $8.33 B
- Number of Holdings
- 49
- Weighted Average Market Cap.
- 1443.3 B
- P/B Ratio
- 16.8x
- P/E Ratio
- 51.5x
To view definitions for the above Portfolio Details, Click here.
Market Capitalization Breakdown - Morningstar separates stock portfolio holdings into five market-capitalization groups: Giant, Large, Mid, Small, and Micro. Of the 5000 largest domestic stocks in their equities database, the top 1% are categorized as Giant, the next 4% are Large, the next 15% are Mid, the next 30% are Small, and the remaining 50% are Micro. Stocks outside of the largest 5000 are also classified as Micro.
Weighted Average Market Cap - The average market capitalization of all companies held in the portfolio with each company weighted according to its percent held in the portfolio. The result is based upon a weighted average of the securities held in the fund.
P/B Ratio - A ratio that helps determine whether a stock is undervalued or overvalued. It is calculated by dividing a stock's price per share by its book value per share. The result is based upon a weighted average of the securities held in the fund.
P/E Ratio - Is the weighted average of each holding's P/E ratio (price of a stock divided by its earnings per share). The result is based upon a weighted average of the securities held in the fund.
Portfolio Turnover - This is a measure of the Fund’s trading activity which is computed by taking the lesser of purchases or sales divided by average monthly market value, excluding short-term investments. The resulting percentage represents the percentage of the portfolio’s holdings that have changed over the past year.
Dividends & Cap Gains
Dividends & Cap Gains
Fees & Expenses
Fees & Expenses
EXPENSE RATIOas of 11/30/2025
| Fund Gross Expense Ratio | 0.90% |
| Fund Net Expense Ratio | 0.90% |
Fund Documents
Fund Documents
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
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Annual Financial Statements and Other Information *
Publish Date:11/03/2015
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2024 Annual Tailored Shareholder Report
Publish Date:11/03/2015
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2025 Semi-Annual Tailored Shareholder Report
Publish Date:11/03/2015
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Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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Fund Story
Publish Date:11/03/2015
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