The investment seeks long-term growth of capital.
The fund normally invests at least 80% of its net assets in equity securities of U.S. companies. Its investments are focused on securities of companies with large and medium market capitalizations, but it may also invest in securities of small-capitalization companies. The fund may invest in non-U.S. companies, but limits its investments in such companies to no more than 10% of its net assets. It may purchase securities in initial public offerings and expects to do so on a regular basis. The fund is non-diversified.