The investment seeks long-term capital appreciation.
The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in stocks of small to medium capitalization ("small-mid cap") companies. It defines small-mid cap companies as those whose market capitalization, at the time of purchase, are between $500 million and $10 billion. The fund may at times invest a significant portion of its assets (greater than 25%) in stocks of technology companies, representing various unrelated technology industries. It may also invest up to 20% of its net assets in equity securities of foreign issuers.