The investment seeks long-term capital appreciation by investing primarily in growth-oriented equity securities of small companies.
The fund invests at least 80% of total assets in equity securities of small companies. Its equity investments may include common and preferred stocks, convertible securities and equity-linked securities, rights and warrants to purchase common stocks, depositary receipts, exchange-traded funds ("ETFs"), limited partnership interests and other specialty securities having equity features. The fund may invest up to 25% of its net assets in foreign securities. It may invest in privately placed and restricted securities.