Strategy Attributes
RS Small Cap Equity Fund (formerly RS Small Cap Core Equity Fund) is closed to new investors.- Focused on small-cap growth companies that possess distinct competitive advantages, strong management teams, organic revenue growth and high margins.
- Leverages detailed fundamental research and deep industry contacts in seeking to identify companies early in the growth curve.
- Our deep and experienced research team consists of seven investment professionals who average more than 15 years of investment experience. Over the years, we have developed and honed a focus on growth investing. We believe the experience of our investment team can exploit inefficiencies in these securities over time.
- Seeks to invest for the long-term and outperform the benchmark over complete market cycles.
Note: RS Small Cap Equity Fund is closed to most new investments. Please see the prospectus for more information.
Investment Objective
Long-term capital growth.
Style:
Small Cap Growth
Fund Facts
(Class A)| Inception | 5/1/97 |
| AUM (as of 12/31/11) | $100,466,222 |
| Ticker | GPSCX |
| CUSIP | 74972K500 |
| Minimum Investment | $2,500 |
| Minimum Investment in IRA | $1,000 |
| Minimum Subsequent Investment | $100 |
| Maximum Sales Load | 4.75% |
| Management Fees* | 0.75% |
| Distribution (12b-1) Fees* | 0.25% |
| Other Expenses* | 0.36% |
| Total Annual Fund Operating Expenses*1 | 1.36% |
| Fee Waiver/Expense Limitation1 | -0.01% |
| Net Expenses1 | 1.35% |
| * As reported in the May 1, 2011 Prospectus. | |
As with all mutual funds, the value of an investment in the Fund could decline, so you could lose money. Small cap investing entails special risks. Small-cap stocks have tended to be more volatile and to drop more in down markets than large-cap stocks. This may happen because small companies may be limited in terms of product lines, financial resources and management.
1 An expense limitation with respect to the Fund's Total Annual Fund Operating Expenses is imposed pursuant to a written agreement in effect through April 30, 2012, to limit the Fund's Total Annual Fund Operating Expenses to 1.35% for Class A shares. The effect, if any, of this limitation is reflected under the caption "Fee Waiver/Expense Limitation." "Net Expenses" reflect the effect, if any, of this expense limitation on Total Annual Fund Operating Expenses. This expense limitation will continue through April 30, 2012, at which time RS Investments will determine whether or not to renew or revise it.
Total Annual Fund Operating Expenses are based on amounts incurred during the Fund's most recent fiscal year, expressed as a percentage of average net assets during the fiscal year. The decline in the Fund's average net assets over the past year or more due to market volatility and other factors will cause the Fund's expense ratios for the Fund's current fiscal year to be higher than the expense information presented, but not to exceed the expense limitation shown.