Description

The fund's primary objective is to achieve substantial capital growth over an extended period. It predominantly invests in the equity shares of smaller companies, specifically those with a market capitalization not exceeding $500 million at the time of the fund's initial acquisition. The investment strategy emphasizes identifying micro-capitalization companies that are perceived to be undervalued relative to their "private market value." This "private market value" is defined as the sum the sub-adviser believes a knowledgeable investor would be prepared to pay to acquire the entire company. Additionally, the fund reserves the right to allocate up to 25% of its total assets to foreign securities, including European Depositary Receipts (EDRs) or American Depositary Receipts (ADRs).