All-Cap Fund

AAA

DEFINITION of 'All-Cap Fund'

A stock mutual fund that invests in equity securities without regard to whether a company is characterized as small, medium or large.

The term "cap" is shorthand for capitalization. The investment community measures a company's size by its market capitalization, which is calculated by multiplying the number of a company's outstanding shares by its current stock price.

INVESTOPEDIA EXPLAINS 'All-Cap Fund'

There is no universal consensus on the exact definitions of the various market caps, but the following parameters are a good approximation:

Giant or Mega Cap: Above $200 billion
Large Cap: From $10 billion to $200 billion
Mid Cap: From $2 billion to $10 billion
Small Cap: From $300 million to $2 billion
Micro Cap: Less than $300 million

These designations inform mutual fund investors about the investment focus of the fund in terms of company size. In the case of an all-cap fund, the portfolio manager has complete freedom to invest in companies of any size.

Because of the inclusive nature of its holdings, a total stock market index fund would have an all-cap portfolio.

RELATED TERMS
  1. Large Cap - Big Cap

    A term used by the investment community to refer to companies ...
  2. Market Capitalization

    The total dollar market value of all of a company's outstanding ...
  3. Micro Cap

    A publicly traded company in the United States that has a market ...
  4. Mega Cap

    The biggest companies in the investment universe, as measured ...
  5. Small Cap

    Refers to stocks with a relatively small market capitalization. ...
  6. Flexi-Cap Fund

    A type of mutual or hedge fund that is not restricted to investing ...
Related Articles
  1. Markets

    Understanding Small- And Big-Cap Stocks

  2. Mutual Funds & ETFs

    Which Mutual Fund Market Cap Suits You?

  3. Insurance

    Market Capitalization Defined

  4. Investing Basics

    How To Evaluate A Micro-Cap Company

Hot Definitions
  1. Capitulation

    When investors give up any previous gains in stock price by selling equities in an effort to get out of the market and into ...
  2. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  3. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  4. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  5. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  6. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
Trading Center