| NASDAQ Exchange | United States Country |
The described company operates as an investment fund, primarily focusing on investing in smaller companies. It is committed to allocating at least 80% of its net assets, along with any borrowed funds for investment purposes, in a meticulously selected portfolio of common stocks belonging to small capitalization companies. These firms are defined based on their market capitalization, ranging from $100 million to $2.5 billion at the time of the fund's initial investment. This strategic approach enables the fund to potentially capitalize on the growth opportunities presented by these smaller companies. Additionally, the company's investment strategy allows for diversification across geographical boundaries, with up to 25% of its total assets being allocated toward foreign securities, including European Depositary Receipts (EDRs) and American Depositary Receipts (ADRs), thus broadening its investment horizon beyond domestic markets.
This product is the core of the company's offerings, focusing on investing in a diverse range of small capitalization companies. By targeting those with market capitalizations between $100 million and $2.5 billion, the fund aims to support and benefit from the growth potential of these smaller firms.
Recognizing the importance of geographical diversification, the company extends its investment strategy to include up to 25% of its total assets in foreign securities. This not only mitigates risk by spreading investments across various markets but also takes advantage of global growth opportunities.
As part of its strategy to diversify and explore international markets, the company invests in EDRs and ADRs. These instruments allow the fund to gain exposure to foreign companies' equity, often providing a more accessible route to investing in overseas markets while managing the complexities and risks associated with direct investments in foreign stocks.