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The Congress Large Cap Growth ETF seeks long-term capital growth by investing in companies believed to be experiencing or will experience earnings growth, employing a "bottom-up" approach focusing on fundamentals and prospects.
Is CAML's expense ratio expensive, average, or a steal for its category?
Pro reveals the verdict on a 5-tier spectrum calibrated against ICI 2025 industry averages, with strategy-aware bands so the comparison is meaningful.
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 Asset Management Company has launched two active equity growth ETFs on the New York Stock Exchange. The ETFs seek long-term capital appreciation by targeting stocks with the potential for above-average long-term earnings and/or cash flow growth.