All Cap Growth

Strategies

Our SMA strategies are designed to capture growth based on earnings quality, proven competitive advantages, and reasonable valuation. We consider these factors to be the underpinnings of success—the kind of success that is unlikely to disappear overnight.

Oak Ridge All Cap Growth

Our All Cap Growth strategy is designed to outperform the Russell 3000 Growth Index over the long term while taking less risk. It focuses on fast-growing and profitable small, mid-sized, and large-capitalization companies. The strategy stays fully invested, typically holds 40-60 stocks, and is available through our privately managed accounts.

Performance

Yearly Returns Composite—as of March 31, 2017*

2017 YTD 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Return “Pure” Gross** of Fees (%) 8.00 0.48 7.08 13.04 36.04 10.85 2.53 15.90 31.13 -36.85 15.06
Return Net of Fees (%) 7.62 -0.96 5.56 11.45 34.10 9.31 1.15 14.39 29.36 -37.77 13.59
Russell 3000 Growth (%) 8.63 7.39 5.09 12.44 34.23 15.21 2.18 17.64 37.01 -38.44 11.40
Russell 3000 (%) 5.74 12.74 0.48 12.56 33.55 16.42 1.03 16.93 28.34 -37.31 5.14

Period Returns Composite—as of March 31, 2017*

Quarter 1 Year 3 Years*** 5 Years*** 10 Years*** Since Inception***
Return “Pure” Gross** of Fees (%) 8.00 12.60 9.64 11.50 8.22 7.58
Return Net of Fees (%) 7.62 11.00 8.08 9.92 6.72 6.00
Russell 3000 Growth (%) 8.63 16.27 10.90 13.22 9.04 5.92
Russell 3000 (%) 5.74 18.07 9.76 13.18 7.54 6.59

Summary

Top 10 Holdings (%)
as of March 31, 2017*

Apple 6.8 Ulta Salons 3.1
Alphabet 5.8 UnitedHealth 3.0
Microsoft 4.8 Facebook 3.0
Amazon 3.7 Visa 2.8
Waste Connections 3.1 Danaher 2.6
Total 38.7%

Characteristics
As of March 31, 2017*

Oak Ridge Russell 3000 Growth
Median Market Cap $26.6 B $1.8 B
Wtd Avg. Market Cap $186.9 B $166.0 B
Average Dividend Yield 0.9% 1.5%
5-yr Trailing EPS Growth 10.5% 11.3%
P/E (12-Mo. Forward) 21.0 20.2
Trailing 1-Year Turnover 15% N/A

Sector Weightings

Oak Ridge All Cap Growth

Russell 3000 Growth

*Click for All Cap Growth Disclosure
** The “pure” gross of fees performance results reflect the asset-weighted performance of accounts (including cash reserves) managed for the period and do not reflect the deduction of any wrap fees or fees in lieu of commissions on wrap-fee accounts or any advisory fees on the accounts, but do reflect the deduction of trading commissions for separately managed accounts. “Pure” gross of fees returns are supplemental to net returns.
*** Annualized
Sector Weightings and Fundamental Characteristics Source: The Bank of New York Mellon Corp. (S&P GICS classification)

HUMAN NATURE VERSUS SUCCESSFUL INVESTING

Human nature and emotions tempt investors to follow short-term trends, but successful investing requires a long-term discipline.

ACTION OVER PROMISES

Hope is not a strategy, which is why we base our decisions on actual intelligible items like reported earnings and industry data, not on analysts' earnings estimates alone.