Most of the firms in this fund have healthy balance sheets, which should support continued investment in R&D and growth strategies.
Large-cap software firms with significant competitive advantages (like high switching costs and steady maintenance revenues) serve as the cornerstone of the portfolio. In fact, wide- and narrow-moat firms comprise about 39% and 31% of total assets, respectively.
Major players like Microsoft and Oracle have done a solid job shoring up their defenses and providing paths forward in a world of cloud computing and mobile devices. Read more