Growth Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Growth Fund held 77 positions with $14.71B in net assets. Its ten largest holdings made up 64.9% of the fund. The TWCGX share class costs 0.83% a year. Over the 12 months to May 2026, TWCGX returned 27.5%, with dividends reinvested. In 2026 Q3 it added 16 new positions and exited 9.
The fund seeks long-term capital growth.
The fund invests primarily in U.S. large-cap stocks selected through fundamental analysis of individual companies, focusing on those showing business improvement such as accelerating earnings or revenue growth, rising cash flows, or other signs of relative business strength. The portfolio managers buy stocks they believe will appreciate over time and sell those no longer meeting their criteria, with occasional use of covered calls on holdings. The fund may also hold foreign securities when they meet the same selection standards. Because returns depend on the portfolio managers' stock selections and their assessment of business improvement, fund performance will diverge from broad market returns.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp | 13.62% | $2.00B | 10.0M | $199.57 |
MSFTMicrosoft Corp | 9.96% | $1.47B | 3.6M | $407.78 |
GOOGLAlphabet Inc | 9.23% | $1.36B | 3.5M | $384.80 |
AAPLApple Inc | 8.50% | $1.25B | 4.6M | $271.35 |
AVGOBroadcom Inc | 6.60% | $970.88M | 2.3M | $417.43 |
AMZNAmazon.com Inc | 5.21% | $767.18M | 2.9M | $265.06 |
3.20% | $471.28M | 937.1K | $502.92 | |
2.96% | $435.95M | 712.4K | $611.91 | |
2.94% | $432.00M | 462.2K | $934.60 | |
TSLATesla Inc | 2.62% | $385.47M | 1.0M | $381.63 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 77 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 99.86% |
| Cash & short-term | 0.57% |
| Derivatives | -0.00% |
Look-through blends 1 underlying fund; 0.0% of NAV was not looked through and stays direct-classified.
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
By sector
- Information Technology
- 50.3%
- Communication Services
- 13.2%
- Consumer Discretionary
- 9.8%
- Industrials
- 8.5%
- 8 other sectors
- 18.3%
- Information Technology
- 50.3%
- Communication Services
- 13.2%
- Consumer Discretionary
- 9.8%
- Industrials
- 8.5%
- Health Care
- 6.2%
- Financials
- 5.6%
- International
- 2.4%
- Consumer Staples
- 1.9%
- Other
- 1.5%
- Utilities
- 0.2%
- Cash
- 0.2%
- Energy
- 0.2%
How it has done
TWCGX share class · total returns with dividends reinvested
Volatility over the last 12 months: 17.32%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 9 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.83% | +27.45% | +84.15% | +84.19% | -12.80% | |
| 1.08% | +27.11% | +82.77% | +81.88% | -12.84% | |
| 0.63% | +27.70% | +85.24% | +86.01% | -12.76% | |
| 1.33% | +26.82% | +81.41% | +79.63% | -12.86% | |
| 1.83% | +26.18% | +78.71% | +75.20% | -12.96% | |
| 0.48% | +27.89% | +86.10% | +87.41% | -12.76% | |
| 0.63% | +27.70% | +85.24% | +86.00% | -12.78% | |
| 0.48% | +27.88% | +86.10% | +87.41% | -12.75% | |
| 0.00% | +28.53% | +89.12% | — | -12.68% |
These classes hold the same portfolio, so the 10.40pp spread over 3 years is the cost difference between them — roughly 3.47pp a year — not a difference in what they own.
Fees & fund details
Growth Fund is an actively managed U.S. equity fund. 34% of TWCGX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 98% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.00% – 1.83%· TWCGX 0.83%
- Portfolio turnover
- 38.00% a year · as of 2026 Q1
Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
16 new· the largest 8
9 exited· the largest 8
Understand how this fund fits with the rest.
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