Fund Description

The fund normally invests at least 80% of its net assets in equity securities of small-cap U.S. growth companies, as defined by their representation in third-party growth-oriented indices. It uses the Russell 2000, MSCI USA Small Cap, and MSCI World Small Cap Indices to determine the small-cap designation, with the maximum market capitalization capped at $30 billion as of December 31, 2025. The investment strategy integrates fundamental analysis and quantitative models for stock selection, focusing on metrics such as valuation, profitability, and earnings quality. The adviser targets companies with potential for above-average, long-term earnings growth, and the fund may concentrate on specific economic sectors.