Growth Equity Fund

Growth Equity Fund

Inception Date: July 1, 2001

The 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: William Blair of Chicago aims for consistent long-term returns through a research-based investment process in quality growth companies. Sands Capital Management of Virginia is 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.