Description

The fund's primary objective is to generate substantial long-term capital growth. Ordinarily, it allocates a minimum of 80% of its portfolio to equity securities of smaller market capitalization firms. While pursuing enduring appreciation within the small-cap sector, it aims to exhibit a more conservative risk profile than the broader small-cap growth market. Investments are focused on a carefully chosen collection of small-cap enterprises, identified by the subadviser as possessing durable competitive advantages and available at compelling valuations.