Investment objective & strategy
As of Feb. 24, 2026 · prospectusObjective. The fund seeks long-term capital growth.
Strategy. Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities of medium capitalization companies or other investments with similar economic characteristics. Medium capitalization companies are those with market capitalizations similar to companies in the Russell Midcap Index (the Index). The size of the companies in the Index changes with market conditions and the composition of the Index. Securities of companies whose market capitalizations no longer meet this definition after purchase by the fund still will be considered to be securities of medium capitalization companies for purposes of the funds 80% investment policy. The fund may invest up to 25% of its net assets in the securities of … Under normal circumstances, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities of medium capitalization companies or other investments with similar economic characteristics. Medium capitalization companies are those with market capitalizations similar to companies in the Russell Midcap Index (the Index). The size of the companies in the Index changes with market conditions and the composition of the Index. Securities of companies whose market capitalizations no longer meet this definition after purchase by the fund still will be considered to be securities of medium capitalization companies for purposes of the funds 80% investment policy. The fund may invest up to 25% of its net assets in the securities of foreign companies. The fund normally invests in a relatively small number of stocks selected for their long-term growth potential. The fund invests in common stocks, but may invest in other types of equity securities.
Top holdings
As of April 30, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| VERTIV HOLDINGS CO | — | $15.57M | 5.57% |
| MONOLITHIC POWER SYS INC | — | $12.97M | 4.64% |
| RBC BEARINGS INC | — | $8.19M | 2.93% |
| HILTON WORLDWIDE HOLDINGS INC | — | $7.85M | 2.81% |
| UNITED RENTALS INC | — | $7.66M | 2.74% |
| CASEY'S GENERAL | — | $7.49M | 2.68% |
| BURLINGTON STORES INC | — | $6.64M | 2.37% |
| LIVE NATION ENTERTAINMENT INC | — | $6.56M | 2.35% |
| CARVANA CO CL A | — | $6.49M | 2.32% |
| COMFORT SYSTEMS USA INC | — | $6.45M | 2.31% |
Portfolio moves
Jan 30, 2026 → Apr 30, 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. |
|---|---|---|
| Virtus Silvant Mid-Cap Growth Fund · RMDAX, RMDCX, DRMCX, RMDZX | 44% | 0.67% |
| Carillon Eagle Mid Cap Growth Fund · HAGAX, HAGCX, HAGIX, HRAUX | 43% | 0.02% |
| ClearBridge Mid Cap Fund · SBMAX, SBMLX, SMBYX, SMCPX, LMREX, LSIRX | 42% | 0.75% |
Advisers
| Firm | Role |
|---|---|
| FRANKLIN TEMPLETON FUND ADVISER, LLC | Adviser |
| Western Asset Management Company, LLC | Sub-adviser |
| ClearBridge Investments, LLC | Sub-adviser |
Footnotes
- Expense ratio as of February 24, 2026, from the fund's prospectus.
- Net assets and holdings count as of April 30, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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