Industry description
The investment seeks capital appreciation.
The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in the stocks of small cap companies. The advisers currently consider small cap companies to be those companies with market capitalizations that fall within the range of companies in the Russell 2000® Value Index, the fund's benchmark index. The fund may invest up to 15% of its assets in foreign securities. It uses a "multi-manager" approach by selecting one or more sub-advisers to manage the fund's assets.