The investment seeks long-term capital appreciation.
Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stocks and other U.S.-traded equity securities. U.S.-traded equity securities may include American Depositary Receipts (“ADRs”). The Subadviser emphasizes initial investment in companies with market capitalizations of $5 billion or less. The fund may also invest a portion of its assets in non-U.S. issued securities. The Subadviser looks for companies that exhibit strong growth characteristics.