Industry description
The investment seeks long-term capital appreciation.
The fund invests at least 80% of its total assets in equity securities of small-capitalization companies,; and up to 25% of its total assets in equity securities of foreign issuers through ADRs and similar investments. It is a feeder fund that invests substantially all of its assets in the Emerging Growth Portfolio, a master portfolio with a substantially identical investment objective and substantially similar investment strategies.