Large Cap Equity Fund
Actively managed U.S. stock fund
As of its 2026 Q2 report, Large Cap Equity Fund held 102 positions with $3.13B in net assets. Its ten largest holdings made up 40.4% of the fund. The AFDIX share class costs 0.79% a year. Over the 12 months to May 2026, AFDIX returned 22.9%, with dividends reinvested. In 2026 Q3 it added 9 new positions and exited 8.
The fund seeks long-term capital growth.
The fund selects large-capitalization U.S. stocks using a proprietary model that combines fundamental value and growth metrics—price-to-earnings and price-to-cash-flow ratios, earnings growth rates, and price momentum—with environmental, social, and governance characteristics evaluated through internal research and third-party data sources. The portfolio managers seek the strongest attributes within each sector and may qualify securities through qualitative analysis if sustainability data is incomplete. Because security selection depends on the availability and quality of sustainability information and the managers' qualitative assessments, portfolio holdings may diverge materially from the broad market.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
NVDANVIDIA Corp | 8.21% | $256.58M | 1.3M | $199.57 |
GOOGLAlphabet Inc | 7.14% | $223.32M | 580.3K | $384.80 |
MSFTMicrosoft Corp | 6.15% | $192.34M | 471.7K | $407.78 |
AAPLApple Inc | 4.67% | $146.07M | 538.3K | $271.35 |
AMZNAmazon.com Inc | 3.90% | $121.80M | 459.5K | $265.06 |
AVGOBroadcom Inc | 3.70% | $115.75M | 277.3K | $417.43 |
1.83% | $57.14M | 583.8K | $97.88 | |
1.71% | $53.35M | 87.2K | $611.91 | |
1.59% | $49.57M | 123.2K | $402.26 | |
SLBSLB Ltd | 1.53% | $47.72M | 838.9K | $56.88 |
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 102 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 | 100.03% |
| Cash & short-term | 0.00% |
| 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
- 37.5%
- Financials
- 12.5%
- Industrials
- 9.9%
- Health Care
- 9.6%
- 10 other sectors
- 30.6%
- Information Technology
- 37.5%
- Financials
- 12.5%
- Industrials
- 9.9%
- Health Care
- 9.6%
- Consumer Discretionary
- 9.0%
- Communication Services
- 8.0%
- Consumer Staples
- 3.3%
- Real Estate
- 2.8%
- Energy
- 2.2%
- Materials
- 2.0%
- Utilities
- 1.6%
- International
- 1.4%
- Other
- 0.4%
- Cash
- 0.0%
How it has done
AFDIX share class · total returns with dividends reinvested
Volatility over the last 12 months: 13.39%. 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 |
|---|---|---|---|---|---|
| 0.79% | +22.85% | +64.31% | +65.54% | -10.49% | |
| 0.59% | +23.09% | +65.27% | +67.20% | -10.44% | |
| 1.04% | +22.52% | +63.04% | +63.49% | -10.60% | |
| 1.79% | +21.62% | +59.43% | +57.46% | -10.86% | |
| 1.29% | +22.24% | +61.86% | +61.47% | -10.68% | |
| 0.59% | +23.07% | +65.24% | +67.17% | -10.41% | |
| 0.44% | +23.25% | +65.99% | +68.42% | -10.38% | |
| 0.00% | +23.81% | +68.21% | +72.20% | -10.21% | |
| 0.44% | +23.27% | +66.00% | +68.43% | -10.37% |
These classes hold the same portfolio, so the 14.74pp spread over 5 years is the cost difference between them — roughly 2.95pp a year — not a difference in what they own.
Fees & fund details
Large Cap Equity Fund is an actively managed U.S. equity fund. 21% of AFDIX’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% – 1.79%· AFDIX 0.79%
- Portfolio turnover
- 44.00% 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.
9 new· the largest 8
8 exited· the largest 7
Understand how this fund fits with the rest.
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