| NASDAQ (NMS) Exchange | United States Country |
The fund described operates as an investment vehicle primarily focused on equity securities of medium capitalization companies. It mandates that at least 80% of its net assets, along with any borrowings intended for investment purposes, are allocated to equities within this specific market segment. Medium capitalization companies, as defined by the fund's management, are those whose market capitalization falls within a range starting from $1 billion up to the market cap of the largest entity listed in the Russell Midcap® Index at the time of investment. This delineation enables the fund to target a specific tier of the market, seeking to leverage the growth potential and financial dynamics typical of mid-cap companies.
This product focuses on the purchase and management of equity securities, specifically those belonging to medium capitalization companies. By targeting this market segment, the fund aims to capitalize on the growth potential of mid-sized companies which are often in an expansion phase. The selection is based on a company's market capitalization, which should range from $1 billion to the threshold equating to the largest company's market cap in the Russell Midcap® Index at the time of investment. This strategic focus allows investors to potentially enjoy significant returns generated from the equity growth of these companies.