The investment seeks long-term capital appreciation principally through equity investments in U.S. small capitalization companies. Under normal circumstances, the fund invests at least 80% of its net assets (plus borrowing for investment purposes) in equity securities of U.S. small capitalization companies. Equity securities include common stocks, preferred stocks, rights, depositary receipts such as American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”), and REITs. The fund has the ability to invest up to 20% of its net assets in equity securities of foreign companies, including ADRs and GDRs.