Stock Styles

Large core stocks are in the top 70% of the capitalization of the US equity market and typically do not have pronounced tilts towards growth or value characteristics with respect to valuation ratios, dividend yields, and growth rates on earnings and sales, among other metrics.

Large-growth stocks are in the top 70% of the capitalization of the US equity market and are typically projected to grow faster than other large-cap stocks. Growth is defined based on fast growth (high growth rates for eamings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). Often the companies are in rapidly expanding industries.

Large-value stocks are in the top 70% of the capitalization of the US equity market and are typically less expensive or growing more slowly than other large-cap stocks. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow).

Mid-core stocks are in the middle 20% of the capitalization of the US equity market and typically do not have pronounced tilts towards growth or value characteristics with respect to valuation ratios, dividend yields, and growth rates on earnings and sales, among other metrics.

Mid-growth stocks are in the middle 20% of the capitalization of the US equity market and are typically projected to grow faster than other large-cap stocks. Growth is defined based on fast growth (high growth rates for eamings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). Often the companies are in rapidly expanding industries.

Mid-value stocks are in the middle 20% of the capitalization of the US equity market and are typically less expensive or growing more slowly than other large-cap stocks. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow).

Small-core stocks are in the bottom 10% of the capitalization of the US equity market and typically do not have pronounced tilts towards growth or value characteristics with respect to valuation ratios, dividend yields, and growth rates on earnings and sales, among other metrics.

Small-growth stocks are in the bottom 10% of the capitalization of the US equity market and are typically projected to grow faster than other large-cap stocks. Growth is defined based on fast growth (high growth rates for eamings, sales, book value, and cash flow) and high valuations (high price ratios and low dividend yields). Often the companies are in rapidly expanding industries.

Small-value stocks are in the bottom 10% of the capitalization of the US equity market and are typically less expensive or growing more slowly than other large-cap stocks. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow).