| NASDAQ (NMS) Exchange | US Country |
The company is focused on investing primarily in the equity securities of small-cap companies, signifying a commitment to leverage the potential growth and dynamism associated with lesser-sized markets. By dedicating at least 80% of its net assets—plus any additional funds borrowed for investment purposes—towards small-cap equities, the fund aims to provide its investors with exposure to a diversified range of investment opportunities. These opportunities include preferred stocks, warrants, securities convertible into common or preferred stocks, and other equity-like interests in entities. The definition of a small-cap company, according to the fund's management, aligns with the market capitalization range of the Russell 2000® Index. This index is well-regarded for tracking 2,000 of the smallest U.S. companies, providing a benchmark for assessing the scope and scale of the fund's targeted investment universe.
The core investment focus is on purchasing equity securities of small-cap companies. This includes an array of financial instruments such as preferred stocks, which offer dividends prior to any common stock dividends; warrants, giving the holder the right to purchase a company's stock at a specific price; and securities that are convertible into common or preferred stocks, offering the flexibility to convert into ownership shares under certain conditions. These investments are chosen based on their potential to contribute to the growth and performance of the fund's portfolio.
Investment decisions are guided by the market capitalization range of the Russell 2000® Index. This strategy ensures that the fund's assets are allocated towards companies considered small-cap, based on current market standards. Through this targeted approach, the fund seeks to capitalize on the growth potential inherent in smaller companies that are poised for significant development and expansion.