Investment objective & strategy
As of July 28, 2022 · prospectusObjective. This Fund seeks long-term growth of capital.
Strategy. Under normal circumstances, the Fund invests at least 80% of its assets in small-capitalization equity securities. The sub-adviser generally considers small-capitalization companies to be those that, at the time of investment, fall within the capitalization range between the smallest company in the Russell 2000 Value Index and the greater of $4 billion or the market capitalization of the largest company in the Russell 2000 Value Index. As of March 31, 2022, the market capitalization range of the Russell 2000 Value Index was approximately $32.5 million to $14.9 billion. As of March 31, 2022, the weighted average market capitalization of the Fund was approximately $3.4 billion. The sub-adviser normally invests the Funds assets across different groups of industries/sectors, but may invest … Under normal circumstances, the Fund invests at least 80% of its assets in small-capitalization equity securities. The sub-adviser generally considers small-capitalization companies to be those that, at the time of investment, fall within the capitalization range between the smallest company in the Russell 2000 Value Index and the greater of $4 billion or the market capitalization of the largest company in the Russell 2000 Value Index. As of March 31, 2022, the market capitalization range of the Russell 2000 Value Index was approximately $32.5 million to $14.9 billion. As of March 31, 2022, the weighted average market capitalization of the Fund was approximately $3.4 billion. The sub-adviser normally invests the Funds assets across different groups of industries/sectors, but may invest a significant percentage of the Funds assets in issuers in a single sector. As of March 31, 2022, a significant portion of the Fund is represented by securities of companies in the Financial sector. The components of the Fund are likely to change over time. The sub-adviser seeks to identify companies that are undervalued versus their long-term earnings potential in selecting investments for the Fund. The sub-adviser considers selling a holding when any of the factors leading to its purchase materially changes or when a more attractive candidate is identified.
Top holdings
As of March 31, 2023 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TAYLOR MORRISON HOME CORP | — | $759.65K | 1.81% |
| SELECTIVE INSURANCE GROUP INC | — | $732.61K | 1.75% |
| DYCOM INDUSTRIES INC | — | $727.85K | 1.74% |
| SALLY BEAUTY HOL | — | $717.96K | 1.71% |
| MAGNOLIA OIL and GAS CORPO CL A | — | $709.55K | 1.69% |
| KB HOME | — | $703.15K | 1.68% |
| INTEGRA LIFESCIENCES HLDS CORP | — | $695.81K | 1.66% |
| ARCBEST CORP | — | $695.37K | 1.66% |
| IDACORP INC | — | $691.15K | 1.65% |
| STAG INDUSTRIAL INC CL A | — | $686.58K | 1.64% |
Portfolio moves
Dec 30, 2022 → Mar 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. |
|---|---|---|
| Pacific Funds Small-Cap Value | 13% | 0.85% |
| Delaware VIP Special Situations Series | 11% | 0.80% |
| Pacific Funds Small-Cap | 11% | 0.85% |
Footnotes
- Net assets and holdings count as of March 31, 2023, from the fund's N-PORT filing.
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.