Investment objective & strategy
As of Dec. 21, 2023 · 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 Nov. 30, 2024 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| COMFORT SYSTEMS USA INC | — | $5.38M | 0.87% |
| KYNDRYL HOLDINGS INC | — | $4.81M | 0.78% |
| FTAI AVIATION LT | — | $4.78M | 0.78% |
| Ascendis Pharma A/S | — | $4.41M | 0.72% |
| F5 INC | — | $4.11M | 0.67% |
| CRITEO SA-SPON ADR DEPOSITARY RECEIPT | CRTO | $3.99M | 0.65% |
| AVIENT CORP | — | $3.88M | 0.63% |
| ITT INC | — | $3.65M | 0.59% |
| RAMBUS INC | — | $3.64M | 0.59% |
| REGAL REXNORD CORP | — | $3.59M | 0.58% |
Portfolio moves
Aug 31, 2024 → Nov 30, 2024How 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. |
|---|---|---|
| Strategic Advisers Small-Mid Cap Fund | 32% | 0.38% |
| Syntax Stratified MidCap ETF | 29% | 0.35% |
| AST Small-Cap Value Portfolio | 22% | 1.01% |
Footnotes
- Expense ratio as of December 21, 2023, from the fund's prospectus.
- Net assets and holdings count as of November 30, 2024, from the fund's N-PORT filing.
- Total return for calendar year 2023, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2023 (the latest prospectus does not yet chart this year).
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