| NASDAQ Exchange | US Country |
The fund focuses on investing primarily in the common stocks of small and mid cap companies, aiming for above-average long-term earnings growth. By defining small cap companies as those with a market capitalization of less than $3 billion and mid cap companies as those with market capitalization greater than $3 billion but less than the largest stock in the Russell Midcap® Index, the fund strategically targets a specific segment of the market. Additionally, it maintains the flexibility to invest in large cap companies, broadening its investment scope. The adviser's approach involves measuring market capitalization at the time of initial purchase, emphasizing the fund's dynamic and responsive investment strategy.
Investment in Small Cap Stocks: The fund selectively invests in the common stocks of small cap companies, those with a market capitalization of less than $3 billion. This strategy targets companies that have the potential for above-average long-term earnings growth, focusing on those positioned to capitalize on market opportunities while navigating the challenges typically associated with smaller market capitalizations.
Investment in Mid Cap Stocks: Alongside small cap investments, the fund seeks opportunities within mid cap companies—those with a market capitalization greater than $3 billion but less than the largest stock in the Russell Midcap® Index. This balanced approach allows the fund to tap into the growth potential of mid-sized companies that may offer a favorable blend of stability and growth prospects compared to smaller firms.
Potential Investment in Large Cap Stocks: While the fund primarily focuses on small and mid cap companies, it retains the flexibility to invest in large cap companies as well. This aspect of the fund’s strategy allows for diversification and the ability to capitalize on the stability and potential growth opportunities offered by larger, more established companies when deemed beneficial for achieving long-term earnings growth.