| NASDAQ (NMS) Exchange | United States Country |
The fund is an investment entity that primarily focuses on allocating its capital into common stocks of mid-sized companies based in the United States. Adhering to a strategy that looks to take advantage of the growth potential of medium capitalization firms, the fund mandates that at least 80% of its assets be invested in such stocks at any given time under normal market conditions. The definition of 'medium capitalization' for this fund aligns with the market cap range encompassed by the companies listed in the Russell Midcap® Index at the time of investment. This adherence ensures that the fund's investments are targeted towards companies that possess a certain level of stability and growth potential, as reflected by their presence in the noted index. The selection of investments evolves in tandem with the market, as the sizes and the range of capitalizations of companies within the Russell Midcap® Index can vary based on overall market conditions.
The primary product of the fund is its investment in common stocks of medium capitalization companies located in the United States. This offering capitalizes on the unique growth opportunities presented by mid-sized companies, which are often in a sweet spot of being established enough to offer stability but also having room to grow significantly. The selections of these investments adhere strictly to an evaluation against the market capitalization ranges of the Russell Midcap® Index, ensuring a consistent investment focus and risk profile.