Fiscal Year End
|| Small Growth
The fund's investment objective is to provide long-term growth of capital by investing in common stocks of small, rapidly growing companies.
The fund will invest primarily in a diversified group of small, emerging growth companies, preferably early in the corporate life cycle before a company becomes widely recognized by the investment community. The fund may also invest in companies that offer the possibility of accelerating earnings growth because of rejuvenated management, new products, or structural changes in the economy.
Individuals seeking substantial long-term rewards who can accept more abrupt or erratic market movements than are associated with larger companies or the market averages in general. Appropriate for both regular and tax-deferred accounts, such as IRAs.
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By investing in small-company stocks, this fund may offer greater opportunities for capital appreciation than funds that invest primarily in shares of larger, more established companies. In addition, emerging growth stocks are often overlooked by the investment community and may be undervalued, providing the potential for significant capital appreciation.
Investing in small companies involves greater risk than is customarily associated with larger companies. Stocks of small companies are subject to more abrupt or erratic price movements than larger-company stocks. Small companies often have limited product lines, markets, or financial resources, and their managements may lack depth and experience. Such companies seldom pay significant dividends that could cushion returns in a falling market.