Investment objective & strategy
As of April 13, 2023 · prospectusObjective. The Fund seeks long-term capital appreciation.
Strategy. The Fund seeks its investment objective by investing primarily in common stocks of small capitalization companies that the Funds sub-adviser, Wellington Management Company LLP (Wellington Management), believes have superior growth potential. Under normal circumstances, the Fund invests at least 80% of its assets in common stocks of small capitalization companies. Wellington Management uses fundamental research designed to identify issuers with improving quality metrics, business momentum and attractive relative valuations. The investment process is aided by a proprietary screening tool that helps to identify companies with these characteristics. Based on market or economic conditions, the Fund may, through its normal bottom-up stock selection process, focus in one or more sectors of the market. The Fund defines small capitalization companies as companies … The Fund seeks its investment objective by investing primarily in common stocks of small capitalization companies that the Funds sub-adviser, Wellington Management Company LLP (Wellington Management), believes have superior growth potential. Under normal circumstances, the Fund invests at least 80% of its assets in common stocks of small capitalization companies. Wellington Management uses fundamental research designed to identify issuers with improving quality metrics, business momentum and attractive relative valuations. The investment process is aided by a proprietary screening tool that helps to identify companies with these characteristics. Based on market or economic conditions, the Fund may, through its normal bottom-up stock selection process, focus in one or more sectors of the market. The Fund defines small capitalization companies as companies with market capitalizations within the collective range of the Russell 2000 and S&P SmallCap 600 Indices. As of December 31, 2022, this range was approximately $6.07 million to $8.05 billion. The market capitalization range of these indices changes over time.
Top holdings
As of Dec. 31, 2023 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| ELF BEAUTY INC | — | $11.69M | 1.52% |
| FABRINET | — | $11.08M | 1.44% |
| APPLIED INDU TEC | — | $11.01M | 1.43% |
| ENSIGN GROUP INC | — | $10.55M | 1.37% |
| CABOT CORP | — | $10.36M | 1.35% |
| VERRA MOBILITY CORP | — | $10.32M | 1.34% |
| VISTEON CORP | — | $9.81M | 1.28% |
| FTAI AVIATION LTD | — | $9.39M | 1.22% |
| BLACKBAUD INC | — | $9.22M | 1.20% |
| INSIGHT ENTERPRISES INC | — | $8.72M | 1.14% |
Portfolio moves
Sep 30, 2023 → Dec 31, 2023How 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. |
|---|---|---|
| BNY Mellon Select Managers Small Cap Growth Fund | 20% | 0.98% |
| Mutual of America VIP Small-Cap Growth Portfolio | 17% | 0.90% |
| Delaware Small Cap Growth Fund | 15% | 0.89% |
Footnotes
- Net assets and holdings count as of December 31, 2023, from the fund's N-PORT filing.
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