The investment seeks long-term capital appreciation.
Under normal circumstances, the fund will invest at least 80% of its net assets in equity securities of large-cap companies. The fund's managers consider large cap companies as those whose capitalization is equal to or greater than the top 60% of the companies that comprise the Russell 1000 Index. The fund may invest up to 20% of the fund's assets in foreign securities, including American Depositary Receipts. It may invest in futures and other derivative instruments to reduce the impact of any cash exposure on the fund's performance.