Investment objective & strategy
As of July 28, 2022 · prospectusObjective. This Fund seeks long-term capital appreciation.
Strategy. Under normal circumstances, this Fund invests at least 80% of its assets in common stocks and other equity securities of small and medium capitalization U.S. companies. The Fund defines small and medium capitalization companies as companies whose market capitalizations fall within the range of the Russell 2500 Index. As of March 31, 2022, the market capitalization range of the Russell 2500 Index was approximately $21.5 million to $40.0 billion. As of March 31, 2022, the weighted average market capitalization of the Fund was approximately $9.4 billion. The market capitalization of the companies in the Funds portfolio and the Russell 2500 Index changes over time; the Fund will not automatically sell or cease to purchase stock of a company it already … Under normal circumstances, this Fund invests at least 80% of its assets in common stocks and other equity securities of small and medium capitalization U.S. companies. The Fund defines small and medium capitalization companies as companies whose market capitalizations fall within the range of the Russell 2500 Index. As of March 31, 2022, the market capitalization range of the Russell 2500 Index was approximately $21.5 million to $40.0 billion. As of March 31, 2022, the weighted average market capitalization of the Fund was approximately $9.4 billion. The market capitalization of the companies in the Funds portfolio and the Russell 2500 Index changes over time; the Fund will not automatically sell or cease to purchase stock of a company it already owns just because the companys market capitalization changes. The Fund expects to invest in equity securities of both growth companies and value companies. The Fund invests in securities that the Funds sub-adviser believes are attractively valued with the potential to exceed investor expectations. The Fund may sell securities that no longer meet the investment criteria of the portfolio management team.
Top holdings
As of March 31, 2023 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| QUANTA SVCS INC | — | $2.38M | 2.61% |
| BLKR-LIQ T-INS | TSTXX | $1.83M | 2.01% |
| EVEREST REINSURANCE GROUP LTD | — | $1.81M | 1.98% |
| FIRST INDUSTRIAL REALTY TRUST | — | $1.61M | 1.77% |
| BRIXMOR PROPERTY | — | $1.60M | 1.76% |
| AGREE REALTY CORP | — | $1.60M | 1.75% |
| HILLENBRAND INC | — | $1.52M | 1.67% |
| CIVITAS RESOURCES INC | — | $1.52M | 1.66% |
| ATKORE INC | — | $1.44M | 1.58% |
| GRAPHIC PACKAGING HOLDING CO | — | $1.42M | 1.55% |
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 | 58% | 0.85% |
| Pacific Funds Small-Cap Value | 50% | 0.85% |
| JPMorgan Insurance Trust Small Cap Core Portfolio | 13% | 0.80% |
Footnotes
- Net assets and holdings count as of March 31, 2023, from the fund's N-PORT filing.
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