The month-end net assets of the mutual fund, recorded in millions of dollars. Net-asset figures are useful in gauging a fund's size, agility, and popularity. They help determine whether a small-company fund, for example, can remain in its category if its asset base reaches an ungainly size. This information can be useful in gauging a fund's mass and agility. Morningstar lists the month-end assets, as they have been reported by the fund. Example: It is important to keep in mind that the size of the fund as measured by net assets has little or no correlation to the size of the companies in which the fund invests. For example, Fund A has more than $2 billion in net assets, with a median market cap of $863 million. In other words, this is a very large fund that invests primarily in equity securities of small companies with market capitalizations less than $1 billion.
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