| NASDAQ (NMS) Exchange | United States Country |
The fund is focused on investing in both well-established and emerging companies, targeting those whose capitalization fits within the spectrum outlined by the Russell 1000® Growth Index. This index is a benchmark for the U.S. equity market, representing large- and mid-cap growth stocks. The fund's strategy includes a significant flexibility to diversify internationally, with the option to allocate up to 25% of its total assets in foreign securities. This approach aims to leverage global growth opportunities while maintaining a core exposure to U.S. equities that exhibit potential for high growth.
The fund seeks to invest in companies that are considered well-established within their respective industries. These companies are typically characterized by their stable earnings, solid market presence, and the potential for steady growth. By focusing on this segment, the fund aims to provide investors with a level of reliability and potential for consistent returns.
Alongside established companies, the fund also targets emerging companies showing promise for significant growth. These are often smaller, less mature companies with innovative business models or technologies that position them for rapid expansion. This component of the fund's strategy seeks to capitalize on the higher growth potential of these firms, albeit with a higher level of risk.
With the authorization to allocate up to 25% of its total assets in foreign securities, the fund diversifies its investment portfolio beyond U.S. borders. This international exposure is designed to take advantage of global investment opportunities, allowing investors to benefit from growth in foreign markets. The selection of foreign securities is based on the same rigorous standards as domestic investments, focusing on potential for growth and stability.