The investment seeks to provide growth of capital.
The fund invests, under normal circumstances, at least 80% of its net assets in common stocks of small capitalization companies. Small capitalization companies typically are companies with market capitalizations within the range of companies in the Russell 2000 Growth Index at the time of acquisition. The adviser emphasizes smaller companies positioned in new or emerging industries where the adviser believes there is opportunity for higher growth. Its investments in equity securities may include common stocks that are offered in initial public offerings (IPOs).