The fund seeks capital appreciation by investing in small- and mid-size U.S. companies through various strategies, portfolios and investment styles.
The fund’s adviser sets target and range for investment strategies. Currently the fund has exposure to three strategies.
Small/Mid Cap Growth Strategy normally invests in companies that are market leaders in their niches and are estimated to grow faster than their peers and market averages.
Small/Mid Cap Value Strategy normally invests in companies that are estimated to trade at discounts to their intrinsic values or growth outlook and have near term catalysts for higher revaluations.
Opportunistic Small/Mid Cap Strategy normally invests in companies that are estimated to offer attractive reward to risk opportunities and the fund manager may actively adjust the portfolio to reflect new development.
The advisor targets about 30% of its assets for each of growth and value strategy and 40% for the opportunistic strategy.
The fund may invest up to 15% of its assets in securities of foreign companies and up to 10% in emerging markets.