Congress Large Cap Growth ETF (CAML)
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CAML: New Large-Cap Growth ETF Lags Out The Gate, But Can It Recover?
On August 21, 2023, Congress Asset Management launched CAML, an ETF that follows a similar strategy as its well established large-cap growth mutual fund. CAML's expense ratio is 0.65%. CAML has lagged behind its large-cap growth peers since its inception, but most is attributed to 5-6% underweighting of Nvidia. Otherwise, the long-return returns of Congress' mutual fund is solid. Still, I expected better growth and quality metrics, considering that's what Congress Asset Management advertises. In addition, CAML's P/E ranks only in the third quartile among large-cap growth ETFs.
Congress Large Cap Growth ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| CC Candace Cavalier Congress Wealth Management LLC / DE / | 135,351 | $4.53M | $5.28M | $755,437.09 | 16.68% |
| AIM Advyzon Investment Management LLC Advyzon Investment Management, LLC | 19,048 | $644,799.06 | $743,633.92 | $98,834.86 | 15.33% |
Congress Large Cap Growth ETF (CAML) FAQ
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Congress Large Cap Growth ETF Profile
| ARCA Exchange | US Country |
Overview
This fund operates as an actively managed exchange-traded fund (ETF) that strives to meet its investment objective through the careful selection of investments. The fund focuses primarily on equity securities of large-capitalization companies, dedicating at least 80% of its net assets—plus any borrowings intended for investment purposes—to this segment. The guiding principle behind the strategy is to leverage the potential stable growth and reduced volatility often associated with large-cap companies. By actively managing the fund, the advisers continually assess the market and adjust the portfolio to align with the fund's investment goals, considering the current economic environment and market trends.
Products and Services
The fund extends its offerings to individuals and institutional investors, emphasizing a mix of investments primarily in large-cap companies with the flexibility to invest in other market segments. Below are the key investment avenues:
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Equity Securities of Large-Capitalization Companies
An essential part of the fund's strategy involves investing in the equity securities of large-capitalization companies. These are typically well-established companies with large market capitalizations that are often considered to provide more stable investment opportunities. The fund allocates at least 80% of its net assets to securities in this segment, looking for companies that not only offer growth potential but also resilience during market downturns.
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Equity Securities of Small to Mid-Capitalization Companies
While the primary focus remains on large-cap companies, the fund retains the flexibility to diversify its portfolio by investing in small to mid-capitalization companies. This portion could represent any part of the remaining 20% of its net assets. This strategy aims to capitalize on the growth opportunities and higher return potential often found with smaller companies. By including smaller and mid-cap companies in its portfolio, the fund aims to enhance its overall growth prospects and diversify investment risks.
