Edgewood Growth RetailEGFFX

Morningstar Rating

Fund Research and Analysis

by Ryan Leggio

Edgewood Growth is sticking to its knitting.

On this mutual fund's latest quarterly conference call for investors in October, there was only one question. That wasn't because there was only one person on the line or because the fund was topping the performance charts. Read more

Kudos

Seasoned management--the team has run a separately managed account since 1987 with a similar strategy and has posted impressive results.

Strong track record.

Unique process. Read more

Risks

Could be cheaper.

Concentrated profile can make it volatile at times.

Could lag when growth stocks are out of favor. Read more

Strategy

Management seeks to own the cheapest, fastest-growing companies it can find in the Russell 1000 Growth universe. The fund will only own the best ideas and limits the number of holdings to just 22 stocks. Read more

Management

The fund is run by six managers, each with at least 20 years of experience. The managers are assisted by two analysts who each have more than 10 years of experience. Read more

Inside Scoop

This fund is highly concentrated. It invests in only 22 companies, and management follows a low-turnover process, seeking to hold each company for at least three years. The fund currently has three main investment themes: the graying of America (health-care stocks), the transition to wireless communication, and an increased use of alternative energy. Read more

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