An investment in the fund involves risk, including possible loss of principal. Fund information is not intended to represent future portfolio composition. Portfolio holding are subject to change and should not be considered a recommendation to buy individual securities.
The Fund may invest in medium- and small-capitalization companies, which may be newly formed or have limited product lines, distribution channels and financial or managerial resources. The risks associated with these investments are generally greater than those associated with investments in the securities of larger, more-established companies.
The Fund may invest to a limited degree in non-traded securities that have limited operating histories and are considered illiquid investments.
The Fund is classified as a non-diversified management investment company under the Investment Company Act of 1940, as amended. This means that the Fund may invest a greater portion of its assets in a limited number of issuers.