Description

This fund's primary objective is to achieve substantial capital growth over the long term through investments in various equity securities. It typically dedicates a minimum of 80% of its total investable assets (including any funds acquired through borrowing) to small-capitalization companies. These holdings can take several forms, such as preferred stocks, warrants, securities convertible into common or preferred shares, and other equity-like interests. The portfolio manager defines small-cap firms as those possessing market valuations comparable to the companies represented in the Russell 2000® Index, which comprises 2,000 of the smallest publicly traded U.S. enterprises.