Industry description
The investment seeks long-term capital appreciation.
The fund invests in stocks of companies principally based outside the United States. Under normal conditions, the advisor pursues fund's investment objective by investing at least 65% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of small companies. A small company is defined as a company having a market capitalization at the time of purchase that falls within the market capitalization range of companies in the S&P Developed Ex-U.S. SmallCap® Index.