Fund Description

The fund invests at least 80% of net assets (plus borrowings for investment purposes) in investments tied to small-capitalization companies, defined as those within the market-cap range of the Russell 2000 Index. Using intensive bottom-up fundamental research, the sub-adviser uses fundamental research in an effort to identify smaller, lesser-known companies with the potential for superior earnings growth and sustainable valuations, with most assets in U.S. common stocks expected to have long-term, above-average earnings growth. It may invest more than 25% in sectors such as technology or health care, up to 20% in foreign equities (including emerging markets), and may use other investment companies, including ETFs. In evaluating investments, the sub-adviser expects typically to take into account ESG factors, and ESG factors are only one of many considerations. It may lend securities up to 33???% of total assets.