| Mutual Fund Cap Size and Style Definitions |
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We categorize mutual funds by both the size and style of their stock holdings. Size is measured by the average market capitalization (share price times the number of shares outstanding) of the stocks held by the fund, and style is based on the price-to-book value ratios (price per share divided by net assets per share) of the underlying stocks. Here is how we break down these categories:
|
| Size Category |
Market Cap |
| Giant-Cap |
$15 billion and greater |
| Large-Cap |
$7 billion to $14.9 billion |
| Mid-Cap |
$2.5 billion to $6.9 billion |
| Small-Cap |
$700 million to $2.4 billion |
| Micro-Cap |
$300 million to $699 million |
| Nano-Cap |
$0 to $299 million |
| Style Category |
Price-to-Book-Value Ratio |
| Very High Value |
1.00 and below |
| High Value |
1.01 to 1.50 |
| Moderate Value (Blend) |
1.51 to 2.00 |
| Low Value (Growth) |
2.01 to 2.40 |
| Very Low Value (High Growth) |
2.41 and above |
