Description

This fund aims to achieve substantial capital appreciation over the long term. Its primary strategy involves purchasing the stock of businesses that are either small in market value or are classified as emerging growth companies. Typically, the fund commits at least 80% of its total assets to the equity securities of small-capitalization firms. For this calculation, "assets" encompasses the fund's net worth along with any borrowed capital utilized for investment purposes. The fund considers a company to be small-capitalization if its market value aligns with those found within the Russell 2000® Growth Index, or if its market capitalization is less than $4 billion at the point of acquisition.