Fund Description

The fund invests mainly in common stocks of small-cap companies, defined as those with market capitalizations within the range of the Russell 2000 Index at initial purchase, and may hold or add to positions if a company later moves outside that range. It seeks to reduce risk through diversification across many companies and industries, and managers may emphasize certain sectors they believe will benefit from market or economic trends. The fund invests primarily in domestic stocks but may also invest in foreign stocks. Managers generally seek undervalued companies with strong market shares and balance sheets, focusing on financial strength based on existing business lines rather than projected growth, and consider financially material ESG factors where applicable. It follows a disciplined selling strategy based on target prices, business performance, or relative opportunity.