The investment seeks to provide long-term capital appreciation. The fund primarily invests in stocks of small-cap companies. Stocks include, for example, common stocks, preferred stocks, and American Depositary Receipts. The Adviser employs a systematic multi-factor process to identify companies that it believes have the potential to produce investment returns in excess of market expectations. Under normal circumstances, it invests at least 80% of its net assets plus any borrowings for investment purposes at the time of purchase in stocks of small-cap companies.