Fiscal Year End
|| Small Growth
The fund's investment objective is to provide long-term capital growth by investing primarily in stocks of small companies.
To invest at least 80% of net assets in stocks of small companies. A small company is defined as having a market capitalization that falls (i) within or below the range of companies in the Russell 2000 Index or S&P Small-Cap 600 Index or (ii) below the three-year average maximum market cap of companies in either index as of December 31 for the three preceding years. The Russell 2000 and S&P Small-Cap 600 indices are widely used benchmarks for small-cap stock performance. Stock selection may reflect either a growth or value investment approach.
Individuals seeking significant capital appreciation who can accept the possibility of more share price volatility than is associated with larger companies or the broad market averages. Appropriate for both regular and tax-deferred accounts, such as IRAs.
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This fund offers a convenient way to invest in small-cap companies, which typically offer greater return potential than larger, established businesses. By combining growth- and value-focused investment strategies, the fund should be less volatile than one using a growth-only approach.
Small companies tend to have less experienced management, unpredictable earnings growth, and limited product lines, which can cause their share prices to fluctuate more than those of larger firms. Because the fund invests in both growth and value stocks, its share price may be negatively affected by the risks inherent in each style.