GROWTH PORTFOLIO
Actively managed U.S. stock fund
As of its 2026 Q2 report, GROWTH PORTFOLIO held 35 positions with $3.59B in net assets. Its ten largest holdings made up 67.7% of the fund. The MSEQX share class costs 0.63% a year. Over the 12 months to May 2026, MSEQX returned 11.8%, with dividends reinvested. In 2026 Q2 it added 4 new positions and exited 6.
The Growth Portfolio (the Fund) seeks long-term capital appreciation by investing primarily in growth-oriented equity securities of large capitalization companies.
The fund invests in large-capitalization growth stocks selected through bottom-up analysis for sustainable competitive advantages, above-average business visibility, high capital deployment returns, and strong balance sheets, with ESG factors integrated as a research lens. The adviser concentrates a significant portion of assets in a limited number of issuers, which may be in the same industry or sector, creating risk of divergence from broader market performance. The fund may invest up to 25% in foreign securities including emerging markets.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
13.44% | $482.95M | 2.0M | $245.28 | |
TSLATesla Inc | 9.24% | $332.22M | 789.9K | $420.60 |
Royalty Pharma PLC | 7.66% | $275.36M | 4.9M | $56.07 |
6.99% | $251.31M | 3.1M | $81.55 | |
6.25% | $224.69M | 436.1K | $515.23 | |
Roivant Sciences Ltd | 5.20% | $187.01M | 5.3M | $35.39 |
4.90% | $176.18M | 25.8M | $6.82 | |
SPCXSpace Exploration Technologies Corp | 4.82% | $173.32M | 1.0M | $170.86 |
DASHDoorDash Inc | 4.72% | $169.71M | 919.7K | $184.53 |
SHOPShopify Inc | 4.51% | $162.01M | 1.4M | $114.18 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 35 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 | 98.69% |
| Cash & short-term | 1.54% |
| Derivatives | 0.01% |
Derivatives are shown at market value, not notional exposure.
By sector
- Information Technology
- 43.4%
- Health Care
- 15.9%
- Consumer Discretionary
- 14.9%
- Financials
- 8.6%
- 6 other sectors
- 17.2%
- Information Technology
- 43.4%
- Health Care
- 15.9%
- Consumer Discretionary
- 14.9%
- Financials
- 8.6%
- Other
- 4.9%
- Industrials
- 4.4%
- Communication Services
- 3.8%
- Government
- 2.0%
- Cash
- 1.5%
- Real Estate
- 0.6%
How it has done
MSEQX share class · total returns with dividends reinvested
Volatility over the last 12 months: 21.84%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is 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 6 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.63% | +11.78% | +125.41% | +8.32% | -22.47% | |
| 0.89% | +11.52% | +123.65% | +6.94% | -22.54% | |
| 1.40% | +10.93% | +120.34% | +4.30% | -22.71% | |
| 0.53% | +11.95% | +126.00% | +8.85% | -22.42% | |
| 1.64% | +10.66% | +118.68% | +3.04% | -22.80% | |
| 0.73% | +11.95% | +126.11% | +8.60% | -22.45% |
These classes hold the same portfolio, so the 5.81pp spread over 5 years is the cost difference between them — roughly 1.16pp a year — not a difference in what they own.
Fees & fund details
GROWTH PORTFOLIO is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.53% – 1.64%· MSEQX 0.63%
- Portfolio turnover
- 53.00% a year · as of 2026 Q2
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.
4 new
6 exited
Understand how this fund fits with the rest.
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