Fund Description

The fund normally invests at least 80% of its net assets in small-cap companies, typically defined by their market capitalizations within or below the Russell 2000 Index range, which as of December 31, 2024, spanned approximately $8.22 million to $14.77 billion. The fund targets companies whose stock prices do not adequately reflect their fundamental value based on assets, earnings, or cash flow. The in-house research team employs a value approach, seeking undervalued stocks with good capital appreciation prospects, assessing criteria such as low price/earnings ratios, high dividend yields, and strong balance sheets. Investments may include U.S. common stocks, REITs, foreign stocks, and occasionally privately held or newly public companies.