Description

This fund typically allocates at least 80% of its total assets (including any borrowed funds for investment purposes) to common stocks of U.S.-based companies. It focuses on enterprises with market capitalizations under $500 million when initially purchased, which the investment adviser categorizes as "micro-cap" firms. The strategy involves a blend of undervalued, "value-priced" stocks and companies with strong "aggressive growth" prospects. Furthermore, the fund may seek out "special situations," such as companies holding valuable patents, those undergoing significant corporate restructuring, or firms engaged in substantial share repurchase programs.