Fund Description

The fund invests primarily in equity securities, typically common stock, of smaller growing companies purchased at prices considered reasonable relative to projected long-term earnings growth. Under normal conditions, it targets firms with market capitalizations of at least $100 million and up to $5 billion at purchase, or up to the market cap of the largest company in the Russell 2000 Index, whichever is greater. It may invest up to 20% of total assets in foreign companies as defined. The fund uses bottom-up fundamental analysis and may invest more than 5% of assets in a particular region, market, or a few sectors.