Alta Quality Growth Fund (AQLGX)
Fund Overview and Objectives
A concentrated portfolio of 30 to 35 domestically traded mid- and large-cap companies. The Fund incorporates the core elements of our investment approach:
- A concentrated portfolio offers the best opportunity to produce alpha.
- High-quality companies have demonstrated a greater ability to deliver more consistent returns over the long term while exhibiting lower volatility than the broad market
- While growth is important, it is the profitability of a company that leads to high free cash flow growth.
- Companies with exceptional free cash flow growth offer investors the best risk/return opportunity.
- Discipline and patience are essential for investment success in an industry negligent of such qualities.
The Fund’s investment objective is to seek long-term growth of capital with lower than market volatility by investing primarily in equity and similar securities issued by high-quality companies listed on the New York Stock Exchange, the NASDAQ and American Stock Exchange.
| Net Expense Ratio* | 0.79% |
| Gross Expense Ratio* | 1.16% |
| Minimum Investment | $2,500 |
*Guardian Capital LP, the Fund's Adviser, has contractually agreed to waive its management fee and/or reimburse expenses for the Fund through 1/31/2026.
Reasons to Invest
Our fundamental, bottom-up investment process seeks to identify companies that demonstrate financial strength, strong profitability and a favorable track record.
Our proprietary free cash flow model helps define the present value of the company, and identify mispricing given future growth opportunities.
We construct a concentrated portfolio with risk controls embedded at both the security and sector levels.
Performance (as at TBD)
The performance of the Fund quoted is past performance and does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less then original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data as of the most recent month may be obtained by calling 1.800.957.0681.
*Inception date December 19, 2018
Portfolio (as at June 30, 2024)
| AQLGX | S&P 500 | |
|---|---|---|
| Number of Holdings | 30 | 502 |
| Active Share (Alta vs. index) | vs. | 72.1 |
| Weighted Avg. Mkt Cap ($B) | $859.30 | $1,013.70 |
| EPS Growth 2Y CAGR | 14.3 | 13 |
| EPS Variability | 23.5 | 30.9 |
| Net Margin % (median) | 15.7 | 12 |
| Return on Equity (median) | 27.2 | 16.4 |
| P/E Ratio (12 mos forward) | 24.2 | 21.1 |
| PEG (NTM P/E divided by est. 2 year EPS CAGR) | 1.7 | 1.6 |
Click Here for Definitions
| Alphabet | 7.46% |
| Microsoft | 7.24% |
| Apple | 6.70% |
| Adobe | 5.05% |
| Amazon | 4.88% |
| UnitedHealth Group | 3.94% |
| Markel | 3.54% |
| Autodesk | 3.43% |
| Home Depot | 3.37% |
| Accenture | 3.30% |
Current and future portfolio holdings are subject to risk. Holdings are subject to change.
Management Team
Documents
Regulatory Documents
You should consider the investment objectives, risks, charges and expenses of the Alta Quality Growth Fund, Guardian Capital Fundamental Global Equity Fund, and Guardian Capital Global Dividend Fund (collectively, the “Guardian Capital Funds”) carefully before investing. A prospectus with this and other information may be obtained by calling 1.800.957.0681 or by downloading one from this web site. You should read the prospectus carefully before investing.
Guardian Capital Funds are offered only to United States residents, and information on this website 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 Guardian Capital Funds in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.
Shares of the Guardian Capital Funds are distributed by Ultimus Fund Distributors, LLC (Member FINRA/SIPC). Ultimus Fund Distributors, LLC is not affiliated with Guardian Capital Group Limited.
Mutual fund investing involves risk. Principal loss is possible. There is no guarantee that the Guardian Capital Funds will be successful or meet their investment objective. Equity markets are volatile and will increase and decrease in response to economic, political, regulatory and other developments. Diversification does not ensure a profit or guarantee against loss. To the extent that a Fund concentrates its investments in an industry or sector, the Fund may face more risks than if it were diversified broadly over numerous industries or sectors. To the extent that a Fund invests in dividend paying stocks, there is no guarantee that dividend paying stocks will continue to pay dividends. To the extent that a Fund invests in growth-oriented securities, the Adviser’s perception of the underlying companies’ growth potentials may be wrong, or the securities purchased may not perform as expected.
Guardian Capital LP is the Alta Quality Growth Fund’s investment adviser, and Alta Capital Management, LLC, a US-based affiliate of Guardian Capital LP, serves as the Fund’s investment sub-adviser, effective July 1, 2024. Prior to July 1, 2024 Alta Capital Management, LLC served as the investment adviser to the Alta Quality Growth Fund.
Guardian Capital LP is the Guardian Capital Fundamental Global Equity Fund’s investment adviser, effective January 28, 2022. Prior to January 28, 2022, Alta Capital Management, LLC served as investment adviser to the Guardian Capital Fundamental Global Equity Fund. GuardCap Asset Management Limited, is a UK-based subsidiary of Guardian Capital LP, and serves as the Fund’s investment sub-adviser. Effective January 28, 2022, Guardian Capital LP has delegated responsibility for the day-to-day management of the Fund to GuardCap Asset Management Limited.
Guardian Capital LP is the Guardian Capital Global Dividend Fund’s investment adviser.
All trademarks, registered and unregistered, are owned by Guardian Capital Group Limited and are used under license.