Large Cap Growth Portfolio
Azzad’s large cap growth portfolio is managed by Ziegler Capital Management.
Part of the Azzad Ethical Wrap Program
A comprehensive halal wealth management solution for high net worth clients, organizations, and business owners.
PERFORMANCE
Quarter and year-to-date returns are not annualized.
Performance inception date is 3/1/2004.
Gross returns are shown as supplemental information.
Performance inception date is 3/1/2004. The performance is reported in U.S. dollars. The performance quoted represents past performance, which does not guarantee future results. Current performance may be lower or higher than the performance data quoted. Net returns are reduced by all fees, transaction costs and are gross of foreign withholding taxes. Performance includes reinvestment of dividends and other earnings. Gross returns are gross of all fees and transaction costs. For more recent quarter-end performance information, call 888.862.9923. The Russell 1000® Growth Index measures the performance of the large cap growth segment of the U.S. equity universe. It includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values. The index is unmanaged, and does not reflect the deduction of expenses, which have been deducted from the portfolio’s returns. The index’s return assumes reinvestment of all distributions and dividends; you cannot invest directly in an index.
TOP 5 LARGE CAP GROWTH HOLDINGS
as a percentage of the total portfolio
| Apple Inc | 13.13 |
| Microsoft Corp | 10.92 |
| Alphabet Inc Class A | 7.14 |
| NVIDIA Corp | 5.56 |
| Meta Platforms Inc Class A | 3.79 |
As of 9/30/2023. For illustrative purposes only; subject to change. Model portfolio holdings and allocations are subject to change and are not a recommendation to buy or sell any security.
SECTOR WEIGHTS
as a percentage of the total portfolio
As of 9/30/2023. For illustrative purposes only; subject to change. Figures may not equal 100% due to rounding.
WHAT ARE LARGE CAP GROWTH STOCKS?
Large cap stocks are shares of companies with large market capitalization (the total market value of all their shares), often defined as more than $10 billion.
Most of the U.S. equity market is made up of large cap stocks, so they are often considered to be a core investment.
Because of their size and stability, large cap stocks tend to be more stable than their smaller counterparts, though they may not offer the same growth opportunities.
Large cap companies may be categorized as growth stocks if the portfolio manager believes they still have room to grow and that the company’s management plans to do so.
MEET THE MANAGER
Ziegler Capital Management (ZCM) is an investment advisor registered with the SEC and founded in 1981.
As of December 31, 2017, it managed approximately $9.9 billion in assets for investment companies, corporations, and other institutions.
Ziegler was one of the first portfolio managers for the Azzad Ethical Wrap Program. A collaborative team led by Christian Greiner oversees the strategy.
Ziegler’s investment goal in all of its strategies is to generate consistent and predictable investment returns in both bear and bull markets while controlling risk.
History of the manager was provided by Ziegler Capital Management.
Christian Greiner, CFA®
Senior Portfolio Manager
OBJECTIVE & STRATEGY
Azzad’s large cap growth portfolio seeks to achieve a rate of return equal to or greater than the Russell 1000® Growth Index after screening for Azzad’s ethical screens.
Historically, large cap stocks have achieved a rate of return higher than bonds, money market accounts, and certificates of deposits with less volatility than small or mid cap stocks.
Portfolio Facts
Inception date: March 1, 2004
Asset class: Large cap growth
Portfolio manager: Ziegler Capital Management
Investment approach: Bottom-up
Benchmark: Russell 1000® Growth Index
Azzad Ethical Wrap Program minimum investment: $500,000
For more information: 888-862-9923
INVESTMENT PROCESS
Azzad’s large cap growth portfolio invests primarily in companies valued at $10 billion or higher at the time of investment.
Investments are chosen from a universe of securities that pass Azzad’s ethical screens.
Ziegler’s strategy is relatively sector neutral. Its managers seeks to identify undervalued stocks that have already traded at a discount to their fair value.
They combine a quantitative model with discounted cash flow analysis to score and rank stocks within the universe. They then apply a fundamental evaluation to confirm a stock’s attractiveness.
ACCESS THIS STRATEGY
Our large cap growth portfolio is offered through the Azzad Ethical Wrap Program.
The minimum initial investment for the program is $500,000.
If you’d like to learn more, please contact us and one of our financial advisors can help you decide if the wrap program is a good fit for your needs.
IMPORTANT INFORMATION
Investing involves risk, including the possible loss of principal. Please read the following important disclosures.
Investing in large cap stocks could fall out of favor and returns would subsequently trail returns from the overall stock market. Investing in dividend yielding stocks could fall out of favor and returns would subsequently trail returns from the overall stock market.
Moreover, to the extent that a portfolio favors a growth style, the risk is that the values of growth securities may be more sensitive to changes in current or expected earnings than the values of other securities. To the extent a portfolio uses a value style, the risk is that the market will not recognize a security’s intrinsic value for a long time, or that a stock judged to be undervalued may actually be appropriately priced.
Investments in securities involve risks and there is no guarantee that a strategy will achieve its objectives. As with all stock investments, you may lose money investing in this portfolio. Azzad’s portfolios generally avoid companies in certain economic sectors and businesses due to Azzad’s socially responsible investment restrictions. Therefore, their performance may suffer if these sectors and/or businesses outperform the overall stock market.
Each portfolio is nondiversified and may invest a larger percentage of its assets in fewer companies exposing it to more volatility and/or market risk than a diversified portfolio. Each portfolio is generally available only through one of Azzad’s asset allocation strategies and is not designed by itself to be a comprehensive, diversified investment plan.
All of Azzad’s models are actively managed. Active trading of securities may increase your account’s short-term capital gains or losses, which may affect the taxes you pay. Short-term capital gains are taxed as ordinary income under federal income tax laws. When reviewing your actual performance, holdings and asset allocation, note that different accounts, even though they are traded pursuant to the same strategy, can have varying results. The reasons for this include: i) the period of time in which the accounts are active; ii) the timing of contributions and withdrawals; iii) the account size; iv) the minimum investment requirements and/or withdrawal restrictions; and v) the actual fees charged to an account. There can be no assurance that an account opened by any person will achieve performance returns similar to those provided on this page.
You should consider investing in the Ethical Wrap Program if you are looking for long-term returns and are willing to accept the associated risks. The Ethical Wrap Program is made available through a Wrap Brochure which contains important information about our firm, strategies, risks and conflicts of interest. Please request a copy of our Wrap Brochure, Part 2A of the firm’s Form ADV and your representative’s Part 2B by calling 888.862.9923 before investing in the Wrap Program or opening an account with us.
Shariah-Screening Methodologies: Companies passing the sector-based and accounting-based screens may be included as index constituents of the Dow Jones Islamic Market™ Indices. Dow Jones Islamic Market™ Indices use different screening criteria than Azzad Asset Management, which may lead to different constituents for the composites and benchmarks.
After removing companies with unacceptable primary business activities, the remaining stocks are evaluated by both Dow Jones and Azzad Asset Management according to several financial ratio filters. For the Dow Jones Islamic Market™ Indices, all of the following must be less than 33%: total debt divided by trailing 24-month average market capitalization, sum of a company’s cash and interest-bearing securities divided by trailing 24-month average market capitalization, accounts receivables divided by trailing 24-month average market capitalization. In addition to requiring a ratio of less than 30% instead of 33%, Azzad Asset Management also uses a 12-month average market capitalization instead of 24 months used by Dow Jones. Finally, Dow Jones uses accounts receivables divided by trailing 24-month average market capitalization, while Azzad Asset Management uses shares of companies whose total market value of tangible assets, benefits, and rights divided by total assets is less than 30%.
Azzad Asset Management is an independently registered investment adviser. Azzad Asset Management claims compliance with the Global Investment Performance Standards (GIPS®). To obtain GIPS-compliant performance information including a GIPS Composite Report for the firm’s strategies and products, please call 888.862.9923 or send an email to info@azzad.net.
GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein.