Zevenbergen Innovative Growth Stock
Zevenbergen Innovative Growth Stock
Investment Overview
The Fund seeks long-term capital appreciation by investing in a concentrated portfolio of companies across capitalizations and in different phases of their life cycle, which exhibit strong growth expectations. A strongly independent approach to research and disciplined active management aims to preserve objectivity from Wall Street biases and to help capture meaningful potential return advantages.
Investment Partner
Zevenbergen Capital Investments LLC
Zevenbergen Capital Investments LLC is a growth equity boutique. The investment team has worked together for over a decade, applying rigorous fundamental research to build exclusively high growth portfolios.
Visit the Zevenbergen Capital Investments LLC websiteInvestment Professionals
Nancy Zevenbergen, CFA, CIC
President and Chief Investment Officer, Portfolio Manager
Industry start date: 1981
Start date with fund: 2004
Brooke de Boutray, CFA, CIC
Managing Director, Portfolio Manager
Industry start date: 1982
Start date with fund: 2004
Leslie Tubbs, CFA, CIC
Managing Director, Portfolio Manager
Industry start date: 1994
Start date with fund: 2004
Joseph Dennison, CFA
Portfolio Manager
Industry start date: 2011
Start date with fund: 2015
Anthony Zackery, CFA
Portfolio Manager
Industry start date: 2011
Start date with fund: 2015
Key Features
Searches for well-run, high-growth companies prompting disruptive business landscape changes, often through technological advances
Bottom-up analysis strives to identify stocks poised to benefit from price catalysts from positive revenue, cash flow, and earnings growth
Focused on the portfolio team's strongest investment opportunities, with a long-term, low-turnover approach to realize full stock value potential
Top Holdings (% Fund)
| Security | |
|---|---|
| Amazon.com, Inc. | |
| Exact Sciences Corporation | |
| Netflix, Inc. | |
| Shopify Inc | |
| XPO Logistics, Inc. | |
| Teladoc Health, Inc. | |
| MercadoLibre, Inc. | |
| 2U, Inc. | |
| Tilray Inc | |
| Tesla Inc |
Holdings are subject to change.
Characteristics4
| Average Weighted Market Cap (billions) | $147.53 |
| Median Market Cap (billions) | $15.31 |
| Trailing P/E Ex-Negative Earnings | 61.89 |
| Price-to-Cash Flow | 37.00 |
| Price-to-Book Value | 9.53 |
| 3-Year EPS Growth Rate | 26.50 |
Sector Allocation (% Equity)
Growth of $10,000 Investment
This chart assumes an initial investment of $10,000 made on for Class ddd shares including any applicable sales charges. Performance assumes reinvestment of dividends and capital gain distributions.
Performance
| YTD | 3 Month | 1 Year | 3 Years | 5 Years | 10 Years | Since Inception |
|---|
Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.
Sales Charge and Expenses
Risk Statistics3
| Fund | Index | |
|---|---|---|
| R2 | ||
| Beta | ||
| Alpha | ||
| Std Dev |
Risk Considerations
Financial Materials
Investors should carefully consider the investment objectives, risks, charges and expenses of any Virtus Mutual Fund before investing. The prospectus and summary prospectus contains this and other information about the fund. Please contact your financial representative, call 1-800-243-4361 or visit www.virtus.com to obtain a current prospectus and/or summary prospectus. You should read the prospectus and/or summary prospectus carefully before you invest or send money.
Performance data quoted represents past results. Past performance is no guarantee of future results and current performance may be higher or lower than the performance shown. Investment return and principal value will fluctuate, so your shares, when redeemed, may be worth more or less than their original cost.
Average annual total return is the annual compound return for the indicated period. It reflects the change in share price and the reinvestment of all dividends and capital gains. NAV returns do not include the effect of any applicable sales charges. POP and w/CDSC returns include the effect of maximum applicable sales charges.
Returns for periods of less than one year are cumulative total returns.
1 Yields/Distributions: Distribution Rate (at NAV) is calculated by (a) annualizing the latest distribution for fixed income funds or funds less than 1 year old (b) summing all distributions over the preceding 12 months for all other funds, and dividing the NAV on the last business date of the period. SEC Yield represents the net investment income earned by a fund over a 30-day period, expressed as an annual percentage rate based on the fund's public offering share price at the end of the 30-day period. Gross SEC Yield represents the yield if there were no expense reimbursements.
2 Distribution History: Distributions are represented on a cash basis and may be reclassified at year end for tax purposes. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes. STCG: Short Term Capital Gain, LTCG: Long Term Capital Gain
3 Risk Statistics: R2 is a statistical measure that represents the percentage of a fund or security's movements that can be explained by movements in a benchmark index. Beta is a quantitative measure of the volatility of a given portfolio to the overall market. Alpha is a risk adjusted measure of an investment's excess return relative to a benchmark. A positive Alpha indicates that the investment produced a return greater than expected for the risk (as measured by Beta) taken. Standard Deviation measures variability of returns around the average return for an investment fund. Higher standard deviation suggests greater risk. Risk Statistics are calculated using 36 monthly returns.
4 Characteristics: For Equity Funds: Trailing P/E Ex-Negative Earnings: Per-share stock price divided by the latest 12-months Earnings per Share; Price/Cash Flow: Per-share stock price divided by the per-share operating cash flow; Price/Book: Per-share stock price divided by the latest 12-month per-share Book Value; 3-Year EPS Growth Rate: Average of earnings per share growth for latest 3-year period. The 3-Year EPS Growth Rate is not a forecast of the fund's performance.
4 Characteristics: For Fixed Income Funds: Effective Duration represents the interest rate sensitivity of a fixed income fund. For example, if a fund's effective duration is five years, a 1% increase in interest rates would result in a 5% decline in the fund's price. Similarly, a 1% decline in interest rates would result in a 5% gain in the fund's price.
Morningstar Disclosures:
The Morningstar RatingTM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) 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. Ratings do not take into account the effects of sales charges and loads.
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