PJFG

PJFG actively targets a narrow portfolio of 20 to 50 growth stocks globally. Despite not having market-cap restrictions, the fund focuses on large- and mid-cap stocks. The fund utilizes a growth investment style, constructing a portfolio with at least 65% invested in equity and equity-related securities that aim to capture growth acceleration or duration that is not reflected in stock prices. Securities are selected based on a combination of fundamental research and bottom-up portfolio construction. Factors considered include unique business models, growth rate catalysts, and superior financial quality. The sub-adviser may sell securities based on negative earnings, adverse price movement, declining prospects, and more attractive stocks. The fund also participates in the IPO market. Up to 35% of assets may be invested in non-US securities. PJFG's investment strategy and exposure are substantially similar to its mutual fund counterpart.