Investment objective & strategy
As of Dec. 29, 2025 · prospectusObjective. Capital appreciation.
Strategy. The Fund will invest, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in the equity securities of small-mid capitalization (or cap) companies or in other investments with similar economic characteristics. The Fund defines small-mid cap companies as companies with market caps not exceeding the highest month-end market cap value of any stock in the Russell 2500 or Russell Mid Cap Index for the previous 12 months, whichever is greater. The Fund may invest up to 10% of its assets in the securities of foreign issuers that are not traded on a U.S. exchange or the U.S. over-the-counter market. The Fund may also lend portfolio securities to earn additional … The Fund will invest, under normal market conditions, at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in the equity securities of small-mid capitalization (or cap) companies or in other investments with similar economic characteristics. The Fund defines small-mid cap companies as companies with market caps not exceeding the highest month-end market cap value of any stock in the Russell 2500 or Russell Mid Cap Index for the previous 12 months, whichever is greater. The Fund may invest up to 10% of its assets in the securities of foreign issuers that are not traded on a U.S. exchange or the U.S. over-the-counter market. The Fund may also lend portfolio securities to earn additional income. Any income realized through securities lending may help Fund performance. The Fund employs a multi-manager strategy whereby portions of the Fund are allocated to professional money managers (each, a Sub-adviser, collectively, the Sub-advisers) who are responsible for investing the assets of the Fund.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| FTAI AVIATION LT | — | $9.39M | 1.29% |
| COMFORT SYSTEMS USA INC | — | $8.35M | 1.15% |
| Ascendis Pharma A/S | — | $7.51M | 1.03% |
| TECHNIPFMC PLC | — | $7.28M | 1.00% |
| VIASAT INC | — | $6.34M | 0.87% |
| BLOOM ENERGY CORP CL A | — | $5.79M | 0.80% |
| REGAL REXNORD CORP | — | $5.76M | 0.79% |
| CIENA CORP | — | $5.34M | 0.73% |
| RESIDEO TECHNOLOGIES INC | — | $4.40M | 0.60% |
| IPG PHOTONICS CORP | — | $4.16M | 0.57% |
Portfolio moves
Nov 30, 2025 → Feb 28, 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. |
|---|---|---|
| iShares Russell Small/Mid-Cap Index Fund | 49% | 0.07% |
| VANGUARD SMALL-CAP INDEX FUND · NAESX, VSMAX, VSCIX, VB, VSCPX | 47% | 0.02% |
| Bridge Builder Tax Managed Small/Mid Cap Fund · BBTSX | 47% | 0.39% |
Advisers
| Firm | Role |
|---|---|
| AllianceBernstein L.P. | Sub-adviser |
| Westfield Capital Management Company, L.P. | Sub-adviser |
| Neuberger Berman Investment Advisers LLC | Sub-adviser |
| Blackrock Financial Management, INC | Sub-adviser |
| CONSULTING GROUP ADVISORY SERVICES LLC | Adviser |
Footnotes
- Expense ratio as of December 29, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 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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