Description

Typically, this fund commits a minimum of 80% of its total assets to common equity shares of U.S. companies categorized as mid-capitalization. A mid-cap company is defined, at the point of acquisition, as possessing a market valuation between $1.5 billion and $12 billion, or falling within the market capitalization range established by the Russell Midcap® Index. The specific market capitalization boundaries of the companies included in the Russell Midcap® Index are subject to change, adapting to evolving market conditions.