The All Cap Growth style ranks eighth out of the twelve fund styles detailed in our 3Q23 Style Ratings for ETFs and Mutual Funds report. Last quarter, the All Cap Growth style ranked tenth. The category receives our Neutral rating, which is based on aggregate ratings of 45 ETFs and 410 mutual funds in the All Cap Growth style as of July 14, 2023. See a recap of our 2Q23 Style Ratings here.

Figures 1 and 2 show the five best and worst rated ETFs and mutual funds in the All Cap Growth. Not all All Cap Growth ETFs and mutual funds are created equal. The number of holdings varies widely (from 17 to 3,232). This variation creates drastically different investment implications and, therefore, ratings.

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