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Think of asset allocation.

Mutually Exclusive, Exhaustive.

Russell Top 200 Value/Growth
Russell MidCap Value/Growth
and
Russell 2000 Value/Growth

are most common.

Covers the entire spectrum. Generally you do not put in market oriented as you are attempting to figure out if they are growth or value manager. By having both if it is market oriented you will have roughly equal percentages in both.

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