The investment seeks growth of capital and income.
Under normal market conditions, the fund invests at least 80% of its net assets (including the amount of any borrowings for investment purposes) in equity securities. Its investment philosophy is rooted in the belief that a disciplined, systematic, value-oriented approach to investing primarily in large-cap companies provides investors with an excellent opportunity for long-term growth of capital. The fund may invest up to 25% of its net assets in foreign investments. It may from time to time emphasize one or more economic sectors in selecting its investments.