Mid Cap Growth Portfolio
Azzad’s mid cap growth portfolio is managed by D.F. Dent and Company.
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.
*Quarter and year-to-date returns are not annualized.
**Performance inception date is 2/1/2018.
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 MidCap® Growth Index measures the performance of the mid cap growth segment of the U.S. equity universe. It includes those Russell MidCap® Index 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 model’s returns. The index’s return assumes reinvestment of all distributions and dividends; you cannot invest directly in an index.
TOP 5 STOCK HOLDINGS
as a percentage of the total portfolio
| Ecolab Inc | 5.60 |
| Old Dominion Freight Line Inc Ordinary Shares | 5.40 |
| CBRE Group Inc Class A | 5.24 |
| Vulcan Materials Co | 5.04 |
| Veeva Systems Inc Class A | 5.02 |
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 MID CAP GROWTH STOCKS?
Mid cap stocks are shares of companies with mid-sized market capitalization (the total market value of all their shares).
Different managers use different dollar amounts in their definitions of mid cap, but a common range defines mid-caps as companies with a market cap between $2 billion and $10 billion.
Historically mid cap stocks have offered rates or return than large cap stocks but lower rates of return than small cap stocks.
Mid cap stocks have also been more volatile than large cap stocks but less volatile than small cap stocks.
MEET THE MANAGERS
D.F. Dent and Company was founded as an independent investment counseling firm by Daniel F. Dent in 1976.
The firm is wholly owned by its nine principals and is unaffiliated with any other financial organization. The firm is headquartered in Baltimore.
D.F. Dent provides portfolio management services to a national clientele of endowments, pensions, corporations, and individuals.
History of the manager was provided by D.F. Dent.
OBJECTIVE & STRATEGY
The Mid Cap Growth portfolio seeks to achieve a return equal to or greater than the Russell MidCap® Growth Index after applying Azzad’s ethical screens.
Historically, mid-cap stocks have offered higher rates of return than large-cap stocks but lower rates of return than small-cap securities. Mid-cap stocks have also been more volatile than large-cap stocks but less volatile than small-cap stocks.
Portfolio Facts
Inception date: February 1, 2018
Asset class: Mid cap growth
Portfolio manager: D. F. Dent and Company
Investment approach: Bottom-up
Benchmark: Russell MidCap® Growth Index
Azzad Ethical Wrap Program minimum investment: $500,000
For more information: 888-862-9923
INVESTMENT PROCESS
D.F. Dent and Company is a quality growth investor that manages concentrated, low-turnover portfolios consisting of high conviction investment ideas. We look for: best-in-class companies that dominate a niche market, talented and ethical management teams, and advantaged business models with a wide moat and superior returns on capital.
ACCESS THIS STRATEGY
The Mid 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 or schedule a call 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.
Mid 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 a 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.
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.