A measure of the trailing annualized earnings-growth record of the stocks in the portfolio.
Benefits
Like Morningstar's price/earnings and price/book ratios, this number is weighted so that larger positions in the portfolio count proportionately more than lesser positions. Stocks with losses during the past three years and those that lack a three-year track record are excluded from this calculation.
Origin
This is an in-house calculation, based on the most recently reported portfolio.
For the Pros
Growth-oriented managers typically focus on stocks with high historical earnings-growth rates.