Chesapeake Growth Fund (CHCGX)
Chesapeake Growth Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Cincinnati, OH, US. The stock last traded at $60.49, down 0.46% on the session, giving a market capitalisation of $64.1M. Its beta of 0.99 implies it has historically moved less than the broad market.
The Chesapeake Growth Fund, a distinct and diversified investment portfolio operating under the umbrella of the Chesapeake Investment Trust, aims to achieve substantial capital appreciation for its investors. Its core strategy involves concentrating its investments on the equity securities (stocks) of the thousand largest U.S.-based corporations, as measured by their overall market capitalization. To maintain this focus, the fund commits a minimum of 90% of its total holdings to equity instruments. Furthermore, a substantial portion—at least 80% of its total assets—is specifically allocated to the shares of these top 1,000 U.S. market capitalization companies. As a general rule, all securities held by the fund are actively traded on either major U.S. stock exchanges or through domestic over-the-counter (OTC) markets.
Chesapeake Growth Fund is most often compared with the following Financial Services names: