Fund Description

The fund invests, under normal circumstances, at least 80% of its 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 then-existing small-cap capitalization range. It uses a quantitative style of management, in combination with a qualitative overlay, that emphasizes fundamentally-based stock selection, careful portfolio construction and efficient implementation. It selects investments using fundamental research and quantitative techniques tied to themes such as Fundamental Mispricings, High Quality Business Models, Sentiment Analysis, and Market Themes & Trends, using proprietary models that may include ESG indicators. It may invest in fixed income securities considered cash equivalents, and measures performance against the Russell 2000 Value Index.