The investment seeks long-term growth of capital.
The fund invests primarily in the common stocks of underappreciated companies and industries. It will generally focus on 25 to 35 companies (i) with an investment grade debt rating, (ii) with a history of paying common stock dividends, and (iii) with a market capitalization among the top 1,000 companies in the United States. The fund may also invest up to 25% of its net assets in government and corporate debt securities of any maturity. It also may invest up to 15% of its net assets in foreign equity securities.