Investment objective & strategy
As of Jan. 22, 2026 · prospectusObjective. The fund has an investment objective of capital appreciation.
Strategy. The fund invests in a select group of medium market capitalization growth companies believed by the subadviser to be undervalued relative to their future growth potential. The investment strategy emphasizes companies believed by the subadviser to have a sustainable competitive advantage, strong management and low financial risk, and to be able to grow over market cycles. Although the fund invests primarily in U.S. companies, it may invest in foreign securities and depositary receipts. Under normal circumstances, the fund invests at least 80% of its assets in equity securities of medium market capitalization companies. As of the date of this Prospectus, the funds subadviser considers medium market capitalization companies for this purpose to be those companies that, at the time of … The fund invests in a select group of medium market capitalization growth companies believed by the subadviser to be undervalued relative to their future growth potential. The investment strategy emphasizes companies believed by the subadviser to have a sustainable competitive advantage, strong management and low financial risk, and to be able to grow over market cycles. Although the fund invests primarily in U.S. companies, it may invest in foreign securities and depositary receipts. Under normal circumstances, the fund invests at least 80% of its assets in equity securities of medium market capitalization companies. As of the date of this Prospectus, the funds subadviser considers medium market capitalization companies for this purpose to be those companies that, at the time of initial purchase, have market capitalizations generally within the range of companies included in the Russell Midcap Index on a rolling three-year basis. On this basis, as of September 30, 2025, the total market capitalization range of companies included in the Russell Midcap Index over the past three years was $125 million to $311 billion. Generally, the fund invests in approximately 25 to 50 securities at any given time.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| CLOUDFLARE INC-A | — | $37.31M | 8.58% |
| AMPHENOL CORPORATION CL A | — | $31.22M | 7.18% |
| COMFORT SYSTEMS USA INC | — | $26.84M | 6.17% |
| MERCADOLIBRE INC | — | $18.93M | 4.35% |
| MONOLITHIC POWER SYS INC | — | $18.87M | 4.34% |
| WEST PHARMACEUTICAL SVCS INC | — | $15.91M | 3.66% |
| IDEXX LABS INC | — | $15.06M | 3.46% |
| TOAST INC-A | — | $14.31M | 3.29% |
| NEW YORK TIMES CO CL A | — | $13.28M | 3.05% |
| HOULIHAN LOKEY I | — | $13.03M | 3.00% |
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. |
|---|---|---|
| Virtus KAR Capital Growth Fund · PSTAX, SSTFX, PLXGX, VCGRX | 29% | 0.73% |
| Virtus KAR Capital Growth Series | 28% | 1.03% |
| Nationwide Geneva Mid Cap Growth Fund · NWHVX, NWHWX, NWKAX, NWHYX | 25% | 0.75% |
Footnotes
- Expense ratio as of January 22, 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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