About
The Chase Growth Fund is an all-cap mutual fund managed by Chase Investment Counsel and is available to individual and institutional investors. The fund can serve as the equity component of portfolios too small to effectively manage as separate accounts. It is also suitable for gifting and inheritance purposes. See the Fund’s prospectus here.
Objective
The Fund seeks capital appreciation while maintaining a prudent risk profile.
Investment Strategy
The Chase Growth Fund has the same all-cap growth stock investment management approach followed by Chase Investment Counsel for individual and family wealth management accounts. Our investment team seeks high quality all-cap growth stocks that are attractively priced.
Through our proprietary screening process, we filter the universe of investable stocks to focus on companies with a history of delivering consistent growth.
Our team then subjects that list of companies to further analysis. Factors that are part of that analysis include:
Positive earnings revisions/surprises
Strong relative price performance
Improving profitability
Companies that meet these additional criteria are placed on a smaller list of stocks suitable for inclusion in the growth fund portfolio, depending on their pricing. We manage the Chase Growth Fund portfolio proactively, seeking to limit downside risk by monitoring portfolio companies. The Fund typically holds 30-45 stocks diversified by sector and industry groups.
Fund Facts
Ticker
Retail Class: CHASX
Institutional Class: CHAIX
Cusip
Retail Class: 007989809 / 5626-TA
Institutional Class: 007989395 / 5626-TA
Inception
Retail Class: 12/2/1997
Institutional Class: 1/29/2007
Minimum Investment
Retail Class: $2,000
Institutional Class: $500,000
Performance
Total Return Average Annualized as of 6/30/20
| 1 Year | 3 Years | 5 Years | 10 Years | Inception | |
|---|---|---|---|---|---|
| Chase N (CHASX) | 3.87% | 10.06% | 8.15% | 12.41% | 7.80% (12/2/97) |
| Institutional Class (CHAIX) | 3.99% | 10.16% | 8.30% | 12.63% | 7.94% (1/29/07) |
| Lipper Multi-Cap Growth Funds Index | 20.36% | 17.03% | 13.15% | 15.50% | 7.77& (12/2/97) 9.90% (1/29/07) |
| Russell 1000® Growth Index | 23.28% | 18.99% | 15.89% | 17.23% | 7.88% (12/2/97) 11.33% (1/29/07) |
| S&P500® Index | 7.51% | 10.73% | 10.73% | 13.99% | 7.28% (12/2/97) 8.25% (1/29/07) |
Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than the original cost. Current performance of the fund may be lower or higher than the performance quoted. The most recent month-end performance may be obtained by clicking Chase Growth Fund. The fund imposes a 2.00% redemption fee on shares held for 60 days or less. Performance data does not reflect the redemption fee. If reflected, total returns would be reduced.
The Chase Growth Fund may invest in mid-cap companies, which involve additional risks such as limited liquidity & greater volatility. Mutual fund investing involves risk. Principal loss is possible. The Chase Growth Fund may invest in foreign securities traded on U.S. exchanges, which involve greater volatility and political, economic and currency risks and differences in accounting methods.
*Shareholders pay the net expense ratio. Chase Investment Counsel Corporation (the “Adviser”) has contractually agreed to waive a portion or all of its management fees and pay Fund expenses in order to limit Total Annual Fund Operating Expenses (excluding AFFE, taxes, interest expenses, dividends on securities sold short, extraordinary expenses, Rule 12b-1 fees, shareholder servicing fees and any other class-specific expenses to 1.14% of average daily net assets to the Fund (the “Expense Cap”). The Expense Cap will remain in effect through at least January 27, 2021 and may be terminated only by the Trust’s Board of Trustees (the “Board”). The Adviser may request recoupment of previously waived fees and paid expenses from the Fund for 36 months from the date they were waived or paid, subject to the Expense Cap.
N Shares: inception 12/2/97; expense ratio 1.31% (gross); 1.30% (net)*. Institutional shares inception 1/29/2007; expense ratio 1.16% (gross); 1.15% (net)*
^Due to the reorganization of the Chase Growth Fund effective January 31, 2020, the Lipper Large-Cap Growth Funds Index has been replaced with the Lipper Multi-Cap Growth Funds Index which is more consistent with the Fund’s investment strategy.
The Lipper Multi-Cap Growth Funds Index measures performance of the 30 largest multi-cap growth funds that invest in a variety of capitalization ranges, without concentrating 75% or more of their equity assets in any one market capitalization range over an extended period of time. The Lipper Large-Cap Growth Funds Index measures the performance of 30 of the largest funds in the large-cap growth category as tracked by Lipper, Inc. The Russell 1000 Growth Index measures the performance of the Russell 1000 companies with higher price-to-book ratios and higher forecasted growth rates.
The S&P 500 Index tracks the stocks of 500 U.S. companies. You cannot invest directly in an index. While the funds do not charge sales loads, management fees and other expenses still apply.
The Chase Growth Fund is offered only to United States residents, and information on this web site is intended only for such persons. Nothing on this website should be considered a solicitation to buy or an offer to sell shares of the Chase Growth Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
Literature
Reports
Applications & Forms
Chase Mid-Cap Growth Fund
(Merged into the Chase Growth Fund on January 31, 2020)
*Maintain until 1/31/2030
