Overview

Investment Objective

The Fund seeks long-term capital appreciation.

Fund Description

The Fund seeks to achieve its investment objective by investing in U.S. listed securities with market capitalization within the range of the targeted benchmark, the Russell 2000 Index. Under normal circumstances, the Fund invests at least 80% of its assets (plus the amount of any borrowings for investment purposes) in small cap companies. At any given time, the Fund may hold up to 15% of its assets in American Depositary Receipts (ADRs). Typically, the Fund invests in approximately 40-60 stocks that pass the Investment Manager’s stringent quantitative and fundamental criteria.

Management Team
Sub-Advisor

Why Invest

U.S. listed securities

Long-term investment horizon

Focus on small cap companies

Fund Information

Fund Share Class Data

Scroll > 

The minimum initial investment in the Fund’s Class A and Class L Shares is $1,000, and the minimum for additional investments is $100. The minimum initial investment in the Fund’s Institutional Class Shares is $1,000,000, and the minimum for additional investments is $100,000. There are no minimums for purchases or exchanges through employer-sponsored retirement plans.

 

Overall Morningstar rating based on risk-adjusted returns out of 593 Small Cap Growth funds as of 12/31/2023. Read important information about results and other investment disclosures below.

Expenses

Fees - Class A

* Finder’s Fee. See Prospectus or call the Sales Desk.

Fees - Class I

  • No Load Share Class

Fees - Class L

  • No CDSC
  • No Front or Back End Sales Charges

Performance

Class A inception: 05/09/2016

Class I inception: 05/09/2016

Class L inception: 05/09/2016

Scroll > 

The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-800-544-6060.

The 3YR, 5YR and 10YR returns are annualized. SINCE INCEPTION returns are annualized when the time period from the Fund’s inception to the “As of” date is greater than 12 months.

The Fund Benchmark's SINCE INCEPTION returns are based on the oldest share class' inception date.

Read important information about results and other investment disclosures below.

The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-800-544-6060.

The 3YR, 5YR and 10YR returns are annualized. SINCE INCEPTION returns are annualized when the time period from the Fund’s inception to the “As of” date is greater than 12 months.

The Fund Benchmark's SINCE INCEPTION returns are based on the oldest share class' inception date.

Read important information about results and other investment disclosures below.

*Calendar year performance is not net of any applicable sales charge.

The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-800-544-6060.

Read important information about results and other investment disclosures below.

Holdings

Top 10 Portfolio Holdings

Scroll > 

Holdings subject to change. Current and future holdings subject to risk.

Distributions

Literature

New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action
New call-to-action

Commentary

Annual Operating Expenses

Per the most recent prospectus, (1) Fund total operating expense ratios are: Class A, 1.90%; Class L, 2.65%; Institutional Class, 1.65% and (2) Fund net annual operating expense ratios are: Class A, 1.54%, Class L, 2.29%, Institutional Class, 1.29%. The net annual expense ratio takes into account contractual management fee waivers that are in effect until May 31, 2024.


Annual Operating Expenses

As of the February 6, 2024 supplement to the prospectus, Fund total operating expense ratios are: Class A, 1.36%; Class L, 2.36%; Institutional Class, 1.36%. In the interest of limiting expenses of the Fund, the Adviser has entered into a contractual expense limitation agreement with the Trust, effective May 31, 2023, so that the Fund’s ratio of total annual operating expenses is limited to 0.99% for Class A Shares, 1.99% for Class L Shares, and 0.99% for Institutional Class Shares until at least May 31, 2024.

Annual Operating Expenses

Per the most recent prospectus, Fund total operating expense ratios are: Class A, 2.68%; Class L, 3.43%; Institutional Class, 2.43%. The Fund does not use fee waivers at this time.

Annual Operating Expenses

Per the most current prospectus, (1) Fund total operating expense ratios are: Class A, 0.92%; Class L, 1.57%; Institutional Class, 0.92% until at least May 31, 2024. (2) In addition, the Adviser has entered into a contractual expense limitation agreement with the Trust so that the Fund’s ratio of total annual operating expenses are limited to 0.84% for Class A shares and Institutional Class shares and 1.49% for Class L Shares until at least May 31, 2024.