Strategy. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of small-capitalization companies. Small-capitalization companies are those with a market capitalization, at the time of purchase, of less than $5 billion or otherwise within the range of capitalizations of companies in the Russell 2000 Index, the S&P SmallCap 600 Index, or the Dow Jones U.S. Small-Cap Total Stock Market Index. As of April 30 , 2024 , the date of the latest reconstitution of the Russell 2000 Index (implemented by the Index June 28 , 2024 ), the range of market capitalizations of the Russell 2000 Index was $ 150.4 million to $ 7.1 billion. … Show more… Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of small-capitalization companies. Small-capitalization companies are those with a market capitalization, at the time of purchase, of less than $5 billion or otherwise within the range of capitalizations of companies in the Russell 2000 Index, the S&P SmallCap 600 Index, or the Dow Jones U.S. Small-Cap Total Stock Market Index. As of April 30 , 2024 , the date of the latest reconstitution of the Russell 2000 Index (implemented by the Index June 28 , 2024 ), the range of market capitalizations of the Russell 2000 Index was $ 150.4 million to $ 7.1 billion. As of February 28 , 2025 , the range of market capitalizations of the S&P SmallCap 600 Index was $ 322.89 million to $ 9.706 billion. As of February 28 , 2025 , the range of market capitalizations of the Dow Jones U.S. Small-Cap Total Stock Market Index was $ 28.42 million to $ 19.371 billion. This capitalization range will change over time. The Fund may continue to hold securities of a portfolio company that subsequently appreciates above the small-capitalization threshold. Because of this, the Fund may have less than 80% of its net assets in equity securities of small-capitalization companies at any given time. The Fund may also invest in real estate investment trusts (REITs). Through its fundamental research and proprietary screening, GW&K Investment Management, LLC, the subadviser to the Fund (GW&K or the Subadviser), seeks to identify well-managed, undervalued companies with improving fundamental and financial characteristics. GW&K seeks to assemble a portfolio of securities diversified as to companies and sectors. The Subadviser may consider increasing or reducing the Funds investment in a particular sector in view of the Funds goal of achieving sector diversification. Show less