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Bright Rock Mid Cap Growth Fund
mutual fund
BQMGX
Payout Change
Suspended
Price as of:
$26.31
+0.38
+1.47%
primary theme
U.S. Mid-Cap Growth Equity
share class
BQMGX (Mutual Fund)
Bright Rock Mid Cap Growth Fund
Payout Change
Suspended
Price as of:
$26.31
+0.38
+1.47%
primary theme
U.S. Mid-Cap Growth Equity
share class
BQMGX (Mutual Fund)
Bright Rock Mid Cap Growth Fund
Payout Change
Suspended
Price as of:
$26.31
+0.38
+1.47%
primary theme
U.S. Mid-Cap Growth Equity
share class
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
15.5%
1 yr return
28.4%
3 Yr Avg Return
4.7%
5 Yr Avg Return
10.5%
Net Assets
$88.4 M
Holdings in Top 10
49.5%
52 WEEK LOW AND HIGH
$25.9
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.17%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 20.10%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$100,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/11/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
BQMGX - Profile
Distributions
- YTD Total Return 15.5%
- 3 Yr Annualized Total Return 4.7%
- 5 Yr Annualized Total Return 10.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.28%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameBright Rock Mid Cap Growth Fund
-
Fund Family NameN/A
-
Inception DateMay 26, 2010
-
Shares Outstanding4015187
-
Share ClassInstl
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDouglas Butler
Fund Description
Under normal market conditions, the Fund invests at least 80% of its net assets in equity securities of companies with medium-sized market capitalizations (“mid-cap companies”). The Fund defines mid-cap companies as those companies with market capitalizations within the range of companies in the Russell Midcap® Growth Total Return Index at the time of investment. As of May 31, 2024, the market
capitalization range of companies in the Russell Midcap® Growth Total Return Index was between $0.73 billion and $91 billion.
The Fund seeks to achieve its investment objective by investing primarily in common stocks of mid-cap U.S. companies. Equity securities in which the Fund may invest also include preferred stocks, convertible debt securities, and other investment companies and exchange-traded funds (“ETFs”) that invest in equity securities of mid-cap companies. In addition to U.S. companies, the Fund may invest up to 25% of its net assets in securities of foreign mid-cap companies that are traded in the U.S., including companies located in emerging markets, as well as American Depositary Receipts (“ADRs”).
In selecting investments for the Fund, Bright Rock Capital Management, LLC, the Fund’s investment adviser (the “Adviser”), seeks to identify companies with attractive earnings growth prospects. Investments for the Fund’s portfolio are selected by applying the Adviser’s disciplined, bottom-up fundamental research process, which takes into account a company’s history of earnings stability and growth; proprietary products, processes and/or services; leadership or competitive positions in the market or industry; balance sheet strength; and experience of management teams. The Adviser may sell an investment in the Fund’s portfolio when the investment no longer meets the Adviser’s criteria for investments with strong growth potential or when a more attractive investment opportunity arises.
BQMGX - Performance
Return Ranking - Trailing
| Period | BQMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.5% | -12.3% | 77.6% | 48.95% |
| 1 Yr | 28.4% | 11.7% | 66.1% | 58.86% |
| 3 Yr | 4.7%* | -25.5% | 59.5% | 15.28% |
| 5 Yr | 10.5%* | -2.6% | 103.2% | 58.73% |
| 10 Yr | 11.3%* | 2.9% | 26.2% | 54.89% |
* Annualized
Return Ranking - Calendar
| Period | BQMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.0% | -27.7% | 68.0% | 74.57% |
| 2022 | -23.8% | -85.6% | 52.8% | 11.35% |
| 2021 | 13.6% | -74.9% | 238.3% | 13.86% |
| 2020 | 13.6% | -44.1% | 2474.5% | 85.25% |
| 2019 | 27.5% | -50.2% | 44.0% | 40.38% |
Total Return Ranking - Trailing
| Period | BQMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 15.5% | -12.3% | 77.6% | 48.95% |
| 1 Yr | 28.4% | 11.7% | 66.1% | 58.86% |
| 3 Yr | 4.7%* | -25.5% | 59.5% | 15.28% |
| 5 Yr | 10.5%* | -2.6% | 103.2% | 58.73% |
| 10 Yr | 11.3%* | 2.9% | 26.2% | 54.89% |
* Annualized
Total Return Ranking - Calendar
| Period | BQMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 13.0% | -26.1% | 68.0% | 91.40% |
| 2022 | -19.3% | -67.0% | 56.8% | 12.12% |
| 2021 | 23.1% | -23.5% | 342.2% | 9.90% |
| 2020 | 19.6% | 2.6% | 2549.1% | 91.39% |
| 2019 | 32.1% | 14.6% | 44.8% | 61.10% |
NAV & Total Return History
BQMGX - Holdings
Concentration Analysis
| BQMGX | Category Low | Category High | BQMGX % Rank | |
|---|---|---|---|---|
| Net Assets | 88.4 M | 2.73 M | 100 B | 87.81% |
| Number of Holdings | 32 | 24 | 3590 | 94.67% |
| Net Assets in Top 10 | 43.4 M | 670 K | 11.3 B | 83.81% |
| Weighting of Top 10 | 49.47% | 4.5% | 98.2% | 11.81% |
Top 10 Holdings
- Copart Inc 7.56%
- Tractor Supply Co 6.34%
- ONEOK Inc 5.53%
- Amphenol Corp 5.13%
- Arista Networks Inc 5.09%
- Hershey Co/The 4.51%
- IDEXX Laboratories Inc 3.96%
- Fastenal Co 3.82%
- AptarGroup Inc 3.79%
- Analog Devices Inc 3.74%
Asset Allocation
| Weighting | Return Low | Return High | BQMGX % Rank | |
|---|---|---|---|---|
| Stocks | 99.57% | 58.72% | 103.99% | 20.95% |
| Cash | 0.43% | 0.00% | 41.99% | 77.14% |
| Preferred Stocks | 0.00% | 0.00% | 5.73% | 99.24% |
| Other | 0.00% | -0.04% | 14.45% | 95.62% |
| Convertible Bonds | 0.00% | 0.00% | 0.40% | 99.05% |
| Bonds | 0.00% | 0.00% | 2.35% | 98.86% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | BQMGX % Rank | |
|---|---|---|---|---|
| Technology | 24.65% | 0.04% | 62.17% | 77.52% |
| Consumer Cyclical | 19.33% | 0.00% | 57.41% | 5.90% |
| Healthcare | 12.89% | 0.00% | 37.06% | 82.48% |
| Consumer Defense | 11.54% | 0.00% | 16.40% | 0.38% |
| Financial Services | 9.88% | 0.00% | 43.01% | 32.57% |
| Industrials | 9.09% | 0.00% | 38.23% | 87.81% |
| Energy | 7.15% | 0.00% | 62.10% | 6.86% |
| Basic Materials | 3.67% | 0.00% | 17.25% | 28.76% |
| Communication Services | 1.79% | 0.00% | 18.33% | 67.24% |
| Utilities | 0.00% | 0.00% | 12.94% | 99.05% |
| Real Estate | 0.00% | 0.00% | 19.28% | 100.00% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | BQMGX % Rank | |
|---|---|---|---|---|
| US | 99.57% | 46.79% | 103.99% | 18.10% |
| Non US | 0.00% | 0.00% | 34.12% | 99.81% |
BQMGX - Expenses
Operational Fees
| BQMGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.17% | 0.02% | 17.54% | 40.57% |
| Management Fee | 0.75% | 0.00% | 1.50% | 58.02% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.00% | 0.40% | 36.96% |
Sales Fees
| BQMGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| BQMGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| BQMGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 20.10% | 0.00% | 250.31% | 23.04% |
BQMGX - Distributions
Dividend Yield Analysis
| BQMGX | Category Low | Category High | BQMGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 33.43% | 100.00% |
Dividend Distribution Analysis
| BQMGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | SemiAnnual | Annual |
Net Income Ratio Analysis
| BQMGX | Category Low | Category High | BQMGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.28% | -2.24% | 2.75% | 23.21% |
Capital Gain Distribution Analysis
| BQMGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 15, 2022 | $1.188 | CapitalGainLongTerm |
| Dec 17, 2021 | $2.126 | CapitalGainLongTerm |
| Dec 18, 2020 | $1.226 | CapitalGainLongTerm |
| Dec 13, 2019 | $0.023 | OrdinaryDividend |
| Dec 13, 2019 | $0.692 | CapitalGainLongTerm |
| Dec 15, 2017 | $0.014 | OrdinaryDividend |
| Dec 15, 2016 | $0.152 | CapitalGainLongTerm |
| Dec 15, 2016 | $0.009 | OrdinaryDividend |
| Dec 15, 2014 | $1.172 | CapitalGainLongTerm |
| Dec 16, 2013 | $0.162 | CapitalGainLongTerm |
| Dec 17, 2012 | $0.673 | CapitalGainLongTerm |
| Dec 15, 2011 | $0.246 | CapitalGainShortTerm |
| Dec 15, 2011 | $0.245 | CapitalGainLongTerm |
| Dec 15, 2010 | $0.089 | CapitalGainShortTerm |
BQMGX - Fund Manager Analysis
Managers
Douglas Butler
Start Date
Tenure
Tenure Rank
Jun 28, 2012
9.93
9.9%
Douglas S. Butler, CFA®, CFP® Doug Butler has worked in the investment business since 1991. Douglas Butler has served as Director of Research of Rockland Trust since 2004. Prior to joining Rockland Trust, Mr. Butler had a consulting business, specializing in mergers and acquisitions consulting for private manufacturing firms in the Chicago area. Prior to that, Mr. Butler was an equity portfolio manager for Sanford C. Bernstein. Mr. Butler is a CFA charter holder and has also received his designation as a Certified Financial PlannerTM.
David Smith
Start Date
Tenure
Tenure Rank
Jun 28, 2012
9.93
9.9%
David Smith has worked in the investment management field since 1990. As the Chief Investment Officer and Senior Portfolio Manager, he is responsible for the oversight and direction of Bright Rock Capital. He also is responsible for managing client portfolios. In this capacity, Mr. Smith is involved in performing research and setting investment policy. Prior to joining Bright Rock Capital in 2010, Mr. Smith was a founding partner, Senior Vice President and a Senior Portfolio Manager of Mellon Growth Advisors (MGA), a subsidiary of Mellon Financial Corporation. He was the lead portfolio manager for the firm’s MGA Small Cap Growth, MGA Small/Mid Cap Growth, and MGA Mid Cap Growth strategies. Previously, Mr. Smith was a Principal at State Street Global Advisors (SSgA) where he led the US Small/Mid Cap Growth strategies in its Global Fundamental Strategies group. Prior to this, he was Managing Director of real estate securities at the Tuckerman Group, SSgA’s real estate subsidiary. Mr. Smith holds a B.A. in Economics from the University of Massachusetts/Amherst and a M.S. in Finance from the Sawyer School of Management at Suffolk University. He is a CFA charter holder, a member of the CFA Institute and the Boston Security Analysts Society. Mr. Smith serves on the SSgA Advisory Council and on the MSF Advisory Board for the MSF Program at the Sawyer School of Management at Suffolk University. He is also on the Board of Directors of Cardinal Cushing Centers Inc. and the Investment Committee for the South Shore Chamber of Commerce.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 36.3 | 9.4 | 11.76 |
