The fund seeks long-term capital growth by investing primarily in small companies whose common stocks are believed to be undervalued.
Reflecting a value approach to investing, the fund will seek the stocks of companies whose current stock prices do not appear to adequately reflect their underlying value as measured by assets, earnings, cash flow, or business franchises. The fund primarily invests in companies with a market capitalization that is within or below the range of companies in the Russell 2000 Index.
Investors seeking an aggressive, long-term approach to building capital who can accept the higher price fluctuations inherent in small-stock investing. Appropriate for both regular and tax-deferred accounts, such as IRAs.
Click on the risk/reward spectrum below to view the funds in that category
This fund offers a value-focused way to access the attractive growth potential of small-cap companies. By investing in stocks that already appear to be out of favor or undervalued, the fund should be less volatile than a fund investing in growth stocks.
Value investors face the risk that the market will not recognize a security’s intrinsic worth for a long time, or that a stock judged to be undervalued may actually be appropriately priced. Stocks of small companies are subject to more erratic price movements than larger-company stocks. These companies often have limited product lines, markets, or financial resources and their management teams may lack depth and experience.
* Funds are placed in general risk/return categories based on their 10-year standard deviation
(as of December 2015) or, for newer funds, the standard deviation of the types of securities
in which they invest. There is no assurance past trends will continue.
See Glossary for additional details on all data elements.
The mutual funds referred to in this website are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. Download a prospectus.