Fund Description

The fund mainly invests in common stocks of growth companies the portfolio managers expect to have above-average growth rates, with an emphasis on small-cap stocks. It considers a company small-cap if its market capitalization, at the time of purchase, is within the range of market capitalizations of the companies included in the Russell 2000 Growth Index during the most recent 11-month period (based on month-end data) plus the most recent data during the current month. It invests primarily in U.S. companies but may invest worldwide, including developed and emerging markets, with no limits on foreign exposure. Managers use a bottom-up process analyzing fundamentals, financial statements, management, operations, product development, and industry position.