Fund Description

The fund invests, under normal circumstances, at least 80% of net assets plus any borrowings for investment purposes in a broadly diversified portfolio of equity investments in small-cap U.S. issuers, including foreign issuers traded in the United States, and may invest outside the small-cap capitalization range. It uses quantitative management with a qualitative overlay emphasizing fundamentally based stock selection, portfolio construction, and efficient implementation, drawing on themes such as Fundamental Mispricings, High Quality Business Models, Sentiment Analysis, and Market Themes & Trends. Selection may use proprietary models incorporating ESG indicators, with discretion to deviate or adjust techniques. It may also hold fixed income cash equivalents and measures performance against the Russell 2000 Index.