Fund Description

The fund normally invests at least 80% of its assets in equity securities of companies with small market capitalizations. It invests primarily in U.S. securities but may invest up to 20% of total assets in foreign securities, including emerging markets. It uses a multi-manager structure in which underlying managers apply fundamentally driven security selection processes focusing on companies that may exhibit attractive quality, value, and/or growth characteristics. Small-cap stocks are those with market capitalization equal to or below the largest stock in the S&P SmallCap 600 Index or the Russell 2000 Index at purchase.