The investment seeks to achieve long-term growth of capital.
The fund normally invests at least 80% of the value of its net assets in a diversified portfolio of equity securities. It invests primarily in securities of medium and large market capitalization companies that the Adviser believes have strong, or improving, long-term business characteristics and share prices that do not reflect these favorable fundamental attributes. The fund may invest up to 15% of its net assets in foreign securities. With respect to 20% of its assets, the fund may invest in investment grade and non-investment grade debt securities or unrated debt securities.