The investment seeks long-term capital appreciation.
Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in securities of small companies. The fund's subadviser focuses mainly on U.S. companies with market capitalizations at time of purchase that are within or below the range of companies included in the Russell 2000® Index. The fund will not sell a security just because the company has grown to a market capitalization above the range. The fund may, on occasion, purchase companies with a market capitalization outside the range.