BSLGX — Smith Group Large Cap Core Growth Fund

BSLGX Fund Overview

BSLGX — Smith Group Large Cap Core Growth Fund is a US mutual fund managed by Managed Portfolio Series, categorised as United States Large Cap Growth Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Managed Portfolio Series
• Category: United States Large Cap Growth Equity
• Assets under management: $2.45M
• Ticker: BSLGX
• SEC CIK: 0001511699
• SEC series ID: S000042932
• Share class ID: C000133049

BSLGX Investment Objective and Strategy

Smith Group Large Cap Core Growth Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Managed Portfolio Series.

Investment objective

The Smith Group Large Cap Core Growth Fund (the Fund) seeks long-term capital appreciation.

Principal investment strategy

Under normal market conditions, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities issued by large capitalization companies that the Adviser believes will have the highest probability of an earnings growth rate that exceeds investor expectations. The Adviser defines large capitalization companies as companies within the range of the capitalization of companies constituting the Russell 1000 Growth Index. As of December 31, 2017, the capitalization range of the Russell 1000 Growth Index was approximately $1.20 billion to $869 billion. These securities may be traded over the counter or listed on an exchange. The Fund may focus its investments in securities of companies in the same economic sector, such as the Information Technology sector.

When selecting investments for the Fund, the Adviser employs quantitative and qualitative analysis to identify high quality companies that it believes have the ability to accelerate earnings growth and exceed investor expectations. The security selection process consists of three steps. Beginning with a universe of U.S. stocks, the Advisers investment team first conducts a series of risk control and valuation screens designed to eliminate those stocks that are highly volatile or are more likely to underperform the market. The Adviser considers four primary factors when conducting the risk control and valuation screens. Those factors are: valuation, financial quality, stock volatility, and corporate governance. Stocks that pass the initial screens are then evaluated using a proprietary methodology that attempts to identify stocks with the highest probability of producing an earnings growth rate that exceeds investor expectations.

In other words, the investment team seeks to identify stocks that are well positioned to benefit from a positive earnings surprise. The process incorporates the following considerations: changes in Wall Street opinions, individual analysts historical accuracy, earnings quality analysis, and corporate governance practices. The first two screening steps produce a list of eligible companies that are subjected to traditional fundamental analysis to further understand each companys business prospects, earnings potential, strength of management and competitive positioning. The investment team uses the results of this analysis to construct the portfolio for the Fund. While the Fund will not concentrate its investments in any one industry, the Fund may have a significant exposure to one or more sectors of the economy, such as the Information Technology sector.

BSLGX Costs and Fees

BSLGX costs about $81 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.81%
• Gross expense ratio: 1.38%
• Portfolio turnover: 48%
• Brokerage commissions: 6.27 bps of average net assets (SEC N-CEN)

BSLGX Cashflows

Over the 12 months to 2020-06, Smith Group Large Cap Core Growth Fund had net inflows of $10.41M, from monthly SEC N-PORT filings.

BSLGX Debt Constituents

No individual debt constituents are reported in Smith Group Large Cap Core Growth Fund's latest SEC N-PORT filing.

BSLGX Prospectus and SEC Filings

Official Smith Group Large Cap Core Growth Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2020-01-31
• Prospectus (485BPOS) — filed 2019-02-01
• Prospectus (485BPOS) — filed 2018-02-08
• Portfolio holdings (N-PORT) — filed 2020-08-27
• Portfolio holdings (N-PORT) — filed 2020-05-28
• Annual census (N-CEN) — filed 2019-12-13
• Annual census (N-CEN) — filed 2018-12-13

Related Funds

Other United States Large Cap Growth Equity funds tracked on ABC INVEST:

• Invesco QQQ Trust, Series 1 (QQQ)
• Growth Fund Of America (AGTHX)
• iShares Russell 1000 Growth ETF (IWF)
• JPMorgan Large Cap Growth Fund (SEEGX)
• Fidelity Growth Company Fund (FDGRX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.