The investment seeks to provide growth of capital.
The fund invests primarily in a diversified portfolio of common stocks issued by large-capitalization companies that the adviser believes are high-quality, growth-oriented companies with appreciation possibilities. Under normal circumstances, it invests at least 80% of its net assets in large capitalization companies, which typically are companies with market capitalizations of at least $10 billion at the time of acquisition. Growth stocks are those whose earnings IICO believes are likely to grow faster than the economy. The fund seeks to generate solid returns while striving to protect against downside risks.