The fund seeks capital appreciation by investing in small-size U.S. companies.

The fund manages assets by hiring sub-advisers and currently works with six. The fund prefers a multi-manager investing approach. The fund can terminate or replace sub-advisers or materially alter terms of engagement or mandates without shareholder approval.

About 20% of assets are allocated to EAM Investors LLC, 20% to Geneva Capital LLC, 10% to Granite Investment Partners, LLC, 15% to Nicholas Investment Partners, L.P., 10% to Redwood Investm

The fund seeks capital appreciation by investing in small-size U.S. companies.

The fund manages assets by hiring sub-advisers and currently works with six. The fund prefers a multi-manager investing approach. The fund can terminate or replace sub-advisers or materially alter terms of engagement or mandates without shareholder approval.

About 20% of assets are allocated to EAM Investors LLC, 20% to Geneva Capital LLC, 10% to Granite Investment Partners, LLC, 15% to Nicholas Investment Partners, L.P., 10% to Redwood Investments, LLC, and 25% to Rice, Hall, James & Associates, LLC

RHJ believes that small-cap stocks are inefficient because investors have short term outlook and when profitable companies are held for a longer term they can unlock values that can generate excess returns.

EAM Investors combines quantitative and qualitative research to identify companies that are estimated to sustain earnings acceleration.

Geneva Capital combines general economic analysis with fundamental stock research in selecting companies that are likely to generate a consistent and sustainable record of earnings growth.

Granite Investment uses rigorous fundamental analysis in identifying companies in the early positive change phase that may not be recognized in the stock price.

Nicholas Investment uses fundamental research to locate companies undergoing early positive change that are likely to sustain and this has to be reflected in stock price momentum or in the market sentiment.

Redwood Investments using multi-factor analysis looks for companies that are estimated to exceed earnings expectations over short- and medium-term time periods.