Key Characteristics as of 3/31/12
| Top Ten Holdings1 | |
|---|---|
| Apple, Inc. | 7.09% |
| Exxon Mobile Corp. | 3.99% |
| United Parcel Service, Inc. | 2.92% |
| Microsoft Corp. | 2.92% |
| Gilead Sciences, Inc. | 2.76% |
| Philip Morris International, Inc. | 2.68% |
| Starbucks Corp. | 2.47% |
| Google, Inc. | 2.23% |
| eBay, Inc. | 2.19% |
| Coach, Inc. | 2.19% |
| Total | 31.45% |
| View Full Quarterly Holdings |  |
| Characteristics | |
|---|---|
| Weighted Average Market Capitalization | $105,442 (mil) |
| Alpha2* | -2.10 |
| Beta2* | 0.94 |
| R-Squared2* | 0.94 |
| Information Ratio2* | -1.12 |
| Sharpe Ratio2* | 1.33 |
| Portfolio Turnover Ratio - Most Recent Annual | 86 |
| Number of Positions | 56 |
| Sector Allocations3 | |
|---|---|
| Technology | 29.5% |
| Consumer Discretionary | 19.1% |
| Health Care | 12.5% |
| Producer Durables | 11.1% |
| Energy | 10.2% |
| Consumer Staples | 6.0% |
| Financial Services | 5.3% |
| Materials and Processing | 5.1% |
| Utilities | 0.0% |
| Other Securities | 0.0% |
| Cash | 1.1% |
2 Risk characteristics are relative to the Russell 1000® Growth Index, and for the three-year period as of 3/31/12. (Other than Sharpe Ratio which is calculated relative to the risk-free rate.)
3 The Fund's holdings are allocated to each sector based on their Russell classification. If a holding is not classified by Russell, it is assigned a Russell designation by RS Investments. Cash includes short-term investments and net other assets and liabilities.
* Alpha (annualized) is a statistical measurement used to quantify the value added or subtracted by a portfolio manager. Specifically, alpha measures the portfolio's actual return against the portfolio's expected return given the risk of the portfolio as defined by its beta.
* Beta is a statistical measurement of a portfolio's relative sensativity to the benchmark, which acts as a proxy for market risk. The beta between a portfolio and its benchmark is the amount of the units the portfolio will move when the benchmark moves one unit.
* R2 is a statistical measurement that shows the percentage of a portfolio's movements that can be explained by the movement in the benchmark. The numerical value of a portfolio's R2 is always between 0 and 1. An R2 of 1 (or 100%) means that there is perfect correlation in the movement between the portfolio and the benchmark.
* Information Ratio is a measure of the value added per unit of active risk by a manager over the benchmark. The Information Ratio is calculated by dividing the annualized excess return over a benchmark by the annualized standard deviation of excess return.
* Sharpe Ratio is a statistical measurement of the risk-adjusted performance of the portfolio. The ratio is calculated by dividing a portfolio's excess return over the risk-free rate (generally a 3-month T-bill) by the standard deviation of its excess returns. This approximates a portfolio's reward per unit of risk.