The investment seeks maximum long-term capital appreciation.
The fund seeks to achieve its objective by normally investing at least 80% of its net assets (plus borrowings made for investment purposes) in companies with smaller market capitalizations. It currently considers smaller market capitalization companies to be companies with market capitalizations of below $5 billion. The fund normally allocates its investments among securities of issuers located in at least eight different countries (one of which may be the United States). It may invest up to 30% of its assets in emerging market securities (but no more than 10% in any one emerging market country).