Investment objective & strategy
As of June 24, 2025 · prospectusObjective. The investment objective of the Bright Rock Mid Cap Growth Fund (the Mid Cap Growth Fund or the Fund) is long-term capital appreciation.
Strategy. 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, 2025, the market capitalization range of companies in the Russell Midcap Growth Total Return Index was between $1.3 billion and $300 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 … 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, 2025, the market capitalization range of companies in the Russell Midcap Growth Total Return Index was between $1.3 billion and $300 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 Funds investment adviser (the Adviser), seeks to identify companies with attractive earnings growth prospects. Investments for the Funds portfolio are selected by applying the Advisers disciplined, bottom-up fundamental research process, which takes into account a companys 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 Funds portfolio when the investment no longer meets the Advisers criteria for investments with strong growth potential or when a more attractive investment opportunity arises.
Top holdings
As of May 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ARISTA NETWORKS INC | — | $7.18M | 7.52% |
| AMPHENOL CORPORATION CL A | — | $6.40M | 6.70% |
| MSILF-GOVT-INS | MVRXX | $4.86M | 5.09% |
| MONSTER BEVERAGE CORP | — | $4.67M | 4.89% |
| FASTENAL CO | — | $4.49M | 4.70% |
| AMETEK INC NEW | — | $3.95M | 4.14% |
| IDEXX LABS INC | — | $3.94M | 4.13% |
| HERSHEY CO/THE | — | $3.88M | 4.07% |
| RESMED INC | — | $2.95M | 3.09% |
| ONEOK INC | — | $2.93M | 3.06% |
Portfolio moves
Feb 28, 2026 → May 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| SMI 3Fourteen Full-Cycle Trend ETF · FCTE | 22% | 0.85% |
| Virtus KAR Mid-Cap Growth Fund · PHSKX, PSKCX, PICMX, VRMGX | 21% | 0.83% |
| Buffalo Mid Cap Discovery Fund · BUFTX, BUITX | 20% | 0.86% |
Advisers
| Firm | Role |
|---|---|
| Bright Rock Capital Management, LLC | Adviser |
Footnotes
- Expense ratio as of June 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of May 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.