Fund Description

The fund seeks long-term capital appreciation by normally investing at least 80% of its assets (net assets plus borrowings for investment purposes) in common stocks of small- and midcapitalization growth companies within the market-cap range of the Russell 2500 Growth Index at the time of investment. The advisor uses a bottom-up, fundamental approach, focusing on prospects for revenue and earnings growth, consistent financial results, high returns on equity and profit margins versus peers, strong balance sheets, and attractive valuations, with a preference for superior management and durable business models. The portfolio typically holds about 65-80 companies. Material ESG factors are integrated into fundamental analysis, though criteria may differ from other investors and may change over time.