Morningstar Rating

Fund Research and Analysis

by Andrew Gogerty
Chesapeake Core Growth is a serviceable but expensive option.

Comanagers Whit Gardner and John Lewis look for established firms with the potential to beat Wall Street's forecasts because of macro concerns such as the economic outlook or impact of regulation have been overblown.  Read more 

Kudos

Strong long-term performance.
Experienced management team.
Disciplined approach. Read more 

Risks

Expenses are above the no-load, large-cap median.
Relatively concentrated portfolio increases stock-specific risk. Read more 

Strategy

Whit Gardner and John Lewis have adapted an approach they learned as analysts at Friess Associates.They try to identify companies poised to beat earnings estimates due to some internal catalyst. They rely on constant contact with a variety of sources: a company, its competitors, suppliers, and customers.  Read more 

Management

Whit Gardner and John Lewis founded the Chesapeake fund family in 1990 after spending a few years as analysts at Friess Associates. William Zantzinger leads the risk-management and trading efforts and also oversees the nine-member analyst staff. Analysts are generalists who are encouraged to roam the market-cap and sector spectra.  Read more 

Inside Scoop

This is a growth fund that owns no more than 50 stocks and has had the same managers since its 1997 inception.  Read more 

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