The investment seeks long-term capital appreciation.
The fund normally invests at least 80% of its net assets (plus borrowings made for investment purposes) in common stocks and other equity securities of U.S. companies with market capitalizations of at least $5 billion. It may also invest up to 20% of its assets in non-U.S. securities (but no more than 10% in any one non-U.S. country or 10% in companies organized or headquartered in emerging market securities). At times, the fund may also invest significantly in a small number of business sectors or industries. It may also invest significantly in a small number of business sectors or industries.