Inception Date: July 1, 2001
TPF Growth Equity Fund is a broadly diversified portfolio of mostly U.S. and some international stocks that seeks to provide opportunities for long-term capital growth, using two distinct approaches to large-cap growth equity investing. The Fund’s goal over three to five year market cycles is to provide returns that exceed a market benchmark (the Russell 1000 Growth Index) but with lower risk than the benchmark as measured by volatility of returns.
Management of the Growth Equity Fund is divided between two outside professional advisory firms: INTECH of Florida, using a mathematically based risk control process that uses natural stock price volatility and correlation characteristics to adjust the weighting of securities in an index portfolio to generate an excess return, and Sands Capital Management of Virginia, a somewhat traditional “bottom-up” stock picker using significant proprietary research to create a concentrated portfolio focused on the firm’s best ideas among quality large cap growth equity businesses.
Although most clients will prefer to benefit from the broad diversification of the blend of investment styles available through the Large Cap Equity Fund, the Growth Equity Fund may be accessed directly by those clients who wish to follow a different equity allocation policy.
Net Assets: $121 Million
As of December 31, 2018
The Growth Equity Fund is managed by two outside professional advisory firms: INTECH of West Palm Beach, FL and Sands Capital Management of Arlington, VA.
For additional information, please contact your Relationship Manager.