While now considered compact with 40 holdings, portfolio manager Andrew Choi said it has become known for its cushion when the market hits a bad patch. "
The fund has returned 10.9% annually since its inception, compared with a 9.9% year gain over the same period for the broad S & P 500.
PRBLX .SPX YTD mountain The fund vs. the S & P 500 'Dancing in the right places' The fund was created in 1992, about eight years after the firm itself began.
He said the fund finds stocks that can provide downside cushion by looking at moats and management teams.
Rolling returns over the past five years show the fund outperforming the S & P 500 and Russell 1000 about 60% of the time.
Persons:
Andrew Choi, Choi, Morningstar, Todd Ahlsten, Ahlsten, Warren Buffett, Biden's, they're, Salesforce, Charles Schwab, Apple, Big, Stephen Welch, it's, Russell, sharpe, Welch
Organizations:
Equity Fund, firm's CIO, GOP, Semiconductor, Devices, Nvidia, Bank of America, Microsoft, Apple, Deere, Linde, Procter, Gamble, Adobe, Mastercard
Locations:
downturns