Fund Description

The fund seeks stocks of early- and rapid-stage growth companies believed to increase in value over time, basing decisions primarily on analysis of individual companies rather than broad economic forecasts. Management reflects the belief that, over the long term, stock prices follow growth in earnings, revenues and/or cash flow. Under normal market conditions, it invests in 30 to 45 securities and targets companies whose earnings or revenues are growing at an accelerated pace, including those with less negative growth or expected acceleration relative to trends, expectations, peers and historical data. It may invest in foreign securities, and may trade actively, potentially increasing transaction costs and capital gains distributions.