Today we are featuring top-performing "Small-Cap" equity mutual funds, which primarily invest in equity securities of companies that have market capitalizations of less than $1 billion.

Investors can find such funds by checking out the entire list of the Zacks #1 Rank Small-Cap Equity Funds.3 Super Picks

FBR Focus (FBRVX) was incepted in January 1997. The fund seeks long-term capital appreciation by investing primarily in the equity securities of domestic companies.

FBR Focus Fund invests in small and mid-cap companies that demonstrate consistent earnings growth, better-than-average returns on equity and high levels of free cash flow. It is characterized by a low level of business risk and reflects an approach that is inherently conservative and tax efficient.

The fund has been managed by Charles T. Akre since its inception. Akre has over 30 years of experience in money