| Thompson
LargeCap Fund - THPGX |
Investment Strategy
The LargeCap Fund normally invests at least 80% of its net assets plus any borrowing for investment purposes in a diversified portfolio of equity securities of large-capitalization companies that at the time of purchase fall within the capitalization ranges of companies in the S&P 500 Index, the Fund’s benchmark. Although market capitalizations are constantly changing, as of December 31, 2023, the smallest company in the S&P 500 Index had a market capitalization of $4.9 billion. The Fund’s equity investments included within this 80% may include common stocks, American Depositary Receipts (ADRs), and real estate investment trusts (REITs). Although current income is not its primary objective, the LargeCap Fund anticipates that capital growth will be accompanied by growth through dividend income. We also generally seek to identify investment opportunities in equity securities of companies that we believe have above-average potential for earnings and dividend growth. To achieve a better risk-adjusted return on its equity investments, the LargeCap Fund invests in a diversified portfolio of companies, including companies from a blend of industries and style classes. We believe that holding a diverse group of stocks will provide competitive returns under different market environments relative to more narrow investment styles. Our flexible approach to equity investing enables us to adapt to changing market trends and conditions and to invest wherever we believe opportunity exists. |
Fund Facts
Fund Inception: February 10, 1992
Dividend Frequency: Annual
Fund Ticker Symbol: THPGX
Sales Charge: None
Distribution (12b-1) Fees: None
Redemption Fees: None
Minimum Opening Investment: $250
Minimum Subsquent Investment: $50
Portfolio Statistics as of
December 31, 2024
Fund Assets: $177 million
Net Asset Value: $99.80
Number of Equities: 76
Weighted Average Market Cap. (billions): $517.3
Median Market Capitalization (billions): $55.6
|
Month-end annualized returns as of
January 31, 2025 |
| |
One Year |
Three Year |
Five Year |
Ten Year |
| THPGX | 23.49% | 8.36% | 14.13% | 11.44%
|
|
Average annual returns as of
December 31, 2024 |
| |
One Year |
Three Year |
Five Year |
Ten Year |
| THPGX | 16.86% | 6.28% | 12.17% | 10.30%
|
|
Daily returns as of
February 10, 2025 |
| |
Price |
Change |
YTD |
| THPGX | 103.36 | 0.00 | 3.57%
|
|
LargeCap Fund Expense Ratios as of
March 31, 2024 |
| Gross of fee waivers or reimbursements |
1.17% |
| Net Expense Ratio - Effective 3/31/24 |
0.99%* |
|
*The Advisor has contractually agreed to waive certain expenses through March 31, 2025. Investment performance reflects fee waivers in effect. In the absence of such waivers, the returns would be reduced. Net expense ratios are current as of the most recent prospectus and are applicable to investors.
Performance data quoted represents past performance: past performance does not guarantee future results. The investment returns and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 800-999-0887 or visiting www.thompsonim.com.
|
Largest Equity Holdings as of
December 31, 2024
| Company |
% of Net Assets |
| Alphabet Class A |
5.19% |
| Microsoft |
4.22% |
| Warner Bros Discovery |
3.24% |
| Apple |
3.16% |
| Meta Platforms |
2.42% |
| Visa |
2.36% |
| Exact Sciences |
2.36% |
| Pfizer |
2.19% |
| Charles Schwab |
2.07% |
| Citigroup |
2.01% |
|
Sector Weightings as of
December 31, 2024
|
| Sector |
% of Total Investments |
| Information Technology |
23.62% |
| Financials |
18.87% |
| Health Care |
18.36% |
| Communication Services |
14.52% |
| Consumer Staples |
6.11% |
| Consumer Discretionary |
6.08% |
| Industrials |
4.07% |
| Energy |
3.61% |
| Materials |
2.30% |
| Utilities |
1.72% |
| Real Estate |
0.74% |
|
|
Portfolio Management Team
James T. Evans, CFA
Jason L. Stephens, CFA
James T. Evans and Jason L. Stephens serve as Co-Portfolio Managers for the LargeCap Fund. Mr. Evans and Mr. Stephens have been actively involved in the management of the LargeCap Fund since February of 2009.
|
|
|
If you have any questions, please contact Shareholder Services at 800.999.0887.
|
|
Portfolio holdings and assets/sector allocations are subject to change and are not recommendations to buy or sell any security.
Please refer to the Prospectus for more complete information including investment objectives, risks, charges and expenses of the investment company. The prospectus contains this and other information about the investment company. Please read it carefully before you invest.
Mutual fund investing involves risk. Principal loss is possible. Small capitalization companies tend to have limited liquidity and greater volatility than large-capitalization companies. Investments in real estate securities may involve greater risk and volatility including greater exposure to economic downturns and changes in real estate values, rents, property taxes, tax, and other laws. A real estate investment trust’s (REITs) share price may decline because of adverse developments affecting the real estate industry. Investments in American Depository Receipts (ADRs) are subject to some of the same risk associated with directly investing in securities of foreign issuers, including the risk of changes in currency exchange rates, expropriation or nationalization of assets, and the impact of political, diplomatic, or social events.
Diversification does not assure a profit nor protect against loss in a declining market.
The S&P 500 index is an unmanaged index commonly used to measure the performance of U.S. Stocks. You cannot invest directly in an index. S&P 500® is a trademark of The McGraw-Hill Companies.
While the Fund is no-load, management fees and other expenses will apply. Please refer to the prospectus for additional details.
The Thompson IM Funds are distributed by Quasar Distributors, LLC. |
