Quality Growth Stock Fund
Overview
The Quality Growth Fund seeks long-term growth of capital by investing in stocks of 25-35 companies diversified across economic sectors and industry groups, with a low initial investment and the ability to add contributions at any time without fees or commissions*.
*There may be expenses associated with investing in the fund.
For more information on the Haverford Quality Growth Stock Fund, click here >Investment Philosophy
Our process seeks to generate premium returns over full market cycles. This process is driven by a core belief that:
- High-quality companies provide superior returns with less risk.
- Dividend-paying companies provide superior returns with less risk.
- Stock prices follow earnings.
- Unnecessary portfolio turnover destroys value.
- Appropriate diversification lowers risk.
All the following data illustrated is as of March 31, 2012.
Investment Process
We consistently adhere to a disciplined investment process that primarily focuses on the following investment criteria:
- Financial strength and stability
- Consistent and predictable earnings growth
- Regular and growing dividends
- Large market capitalization
- Brand strength and market dominance
- U.S. exchange listed
Fund Facts
| Fund Symbol | HAVGX |
| CUSIP | 0075W0866 |
| Fiscal Year End | October |
| Net Asset Value | $10.84 |
| Assets | $98.2 million |
| Inception Date | June 30, 2004 |
| Expense Ratio (Net) | 1.00%** |
| Expense Ratio (Gross) | 1.45% |
As of March 31, 2012. ** The Advisor has contractually agreed to waive fees and reimburse expenses until February 28, 2013.
Portfolio Characteristics
| Haverford | S&P 500 | |
| Beta | 0.99 | 1.00 |
| Average Market Cap | 114 | 113 |
| Return on Equity | 23.0% | 27.0% |
| Projected EPS Growth (5 Years) | 10.4% | 8.0% |
| Historical Earnings Growth (5 Years) | 9.6% | 1.8% |
| P/E Multiple (Based on 2012 Earnings) | 12.4 | 13.2 |
As of March 31, 2012. The Projected EPS Growth (5 Year) is the average rate that the analyst community expects normalized earnings per share to grow over a 5 year time horizon. All company level estimates are then used to calculate the fund average which is the number reported. Normalized EPS numbers are those calculated from the core, recurring operations of the firm and exclude onetime and/or extraordinary items. This is not a measure of the fund’s performance.
Beta is the measure of risk in relation to the market or benchmark.
Sector Allocation
| HAVGX | S&P 500 | |
| Consumer Discretion | 9.94% | 11.08% |
| Consumer Staples | 15.01 | 10.86 |
| Energy | 12.21 | 11.11 |
| Financials | 17.91 | 14.72 |
| Health Care | 14.11 | 11.38 |
| Industrials | 10.43 | 10.45 |
| Information Tech. | 15.88 | 20.80 |
| Materials | 3.78 | 3.42 |
| Telecommunication | 0.0 | 2.77 |
| Utilities | 0.0 | 3.40 |
Disclosure:
To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors and charges and expenses before investing. This and other information can be found in the Fund’s prospectus which may be obtained on the Fund’s website, www.haverfordfunds.com or by calling 1-866-301-7212. Please read the prospectus carefully before investing.
All Data as of March 31, 2012. The information presented should not be construed as investment advice or recommendations with respect to specific securities presented and may not represent the holdings or weighting of any particular portfolio.
Mutual fund investing involves risk including loss of principal. There is no guarantee that the Fund will achieve its stated objectives.
The Haverford Quality Stock Growth Fund is distributed by SEI Investments Distribution Co. Haverford Financial Services is adviser to the fund and is not affiliated with SEI Investments Distribution Co.
Haverford Financial Services, Inc.:
Haverford Financial Services, Inc. is an SEC registered investment advisor and the advisor to the Haverford Quality Growth Stock Fund (HAVGX). Haverford is a privately owned and operated company. Haverford employs a timetested investment philosophy and process which has remained unchanged since the Firm’s inception.
Notes:
The S&P 500 Index consists of 500 stocks chosen for market size, liquidity, and industry group representation. It is a market value weighted index (stock price times number of shares outstanding), with each stock’s weight in the index proportionate to its market value. Individuals cannot invest directly in an index.