Investment objective & strategy
As of Jan. 27, 2026 · prospectusObjective. The Fund?s goal is to achieve capital appreciation.
Strategy. The Fund seeks to achieve its objective by primarily investing in the equity securities of domestic small and mid-capitalization growth companies. Small and mid-capitalization companies are defined as companies with between $30 million and $25 billion in market capitalization. The Fund seeks capital appreciation by investing in companies that the Fund?s investment advisor, Empiric Advisors, Inc. (the ?Advisor?), believes are undervalued and that have characteristics the Advisor deems will likely cause those stocks to appreciate in the near future. Decisions to buy or sell securities in the Fund?s portfolio are based on such characteristics including the sector or industry the company is in, certain ratios of the company such as return-on-equity or margins, the size of the company, past and … The Fund seeks to achieve its objective by primarily investing in the equity securities of domestic small and mid-capitalization growth companies. Small and mid-capitalization companies are defined as companies with between $30 million and $25 billion in market capitalization. The Fund seeks capital appreciation by investing in companies that the Fund?s investment advisor, Empiric Advisors, Inc. (the ?Advisor?), believes are undervalued and that have characteristics the Advisor deems will likely cause those stocks to appreciate in the near future. Decisions to buy or sell securities in the Fund?s portfolio are based on such characteristics including the sector or industry the company is in, certain ratios of the company such as return-on-equity or margins, the size of the company, past and future growth of the company, analysts? expectations, earnings surprises and other characteristics the Advisor believes may impact the appreciation of stocks. The Advisor practices quantitative techniques in the selection of stocks using a computer screening process to assist it in finding investment opportunities. Qualitative factors are considered in investment selection, but their influence is usually minimal.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| COCA COLA CONSOLIDATED INC | — | $2.47M | 10.56% |
| QUANTA SVCS INC | — | $1.57M | 6.71% |
| CASEY'S GENERAL | — | $1.39M | 5.95% |
| US BANK MMDA - USBGFS 9 | — | $1.30M | 5.56% |
| TERADYNE INC | — | $1.07M | 4.58% |
| UNITED RENTALS INC | — | $1.04M | 4.46% |
| EMCOR GROUP INC | — | $885.97K | 3.78% |
| LINCOLN ELECTRIC HLDGS INC | — | $863.31K | 3.69% |
| LPL FINL HLDGS INC | — | $813.14K | 3.47% |
| MASTERCARD INC CL A | — | $799.46K | 3.41% |
Portfolio moves
Dec 31, 2025 → Mar 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. |
|---|---|---|
| Congress Mid Cap Growth Fund · CMIDX, IMIDX | 21% | 0.82% |
| Azzad Ethical Fund · ADJEX | 15% | 0.99% |
| Sterling Capital Mid Cap Relative Value Fund · STRLX, STRNX, STRGX | 14% | 0.81% |
Advisers
| Firm | Role |
|---|---|
| Empiric Advisors, Inc. | Adviser |
Footnotes
- Expense ratio as of January 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 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).
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