| NASDAQ (NMS) Exchange | US Country |
The fund is designed to offer investors access to the growth potential of mid-capitalization companies, which are companies that fall within a specific market capitalization range. This range is aligned with that of the Russell Midcap and S&P MidCap 400 Indices, ensuring that the fund focuses on investing in companies that have the potential for growth and expansion, while also maintaining a level of stability and established operational history compared to small-cap companies. The decision to invest at least 80% of its assets in common stocks of these mid-cap companies is a strategic choice, reflecting the fund's aim to balance risk and return in a way that is potentially beneficial for investors looking for growth opportunities in the stock market.
The fund's primary product is its investment service in common stocks of mid-capitalization companies. By allocating at least 80% of its assets in this category, the fund provides investors with the opportunity to participate in the growth potential of mid-cap companies. These companies are defined by their market capitalizations fitting within the range of the Russell Midcap and S&P MidCap 400 Indices, selected by the sub-adviser. This strategy focuses on identifying companies with the potential for sustainable growth and profitability, balancing investment risk with the pursuit of returns.