The investment seeks long-term growth of capital.
The fund normally invests at least 80% of its net assets in common stocks of large-capitalization companies with market capitalizations of at least $5 billion at the time of purchase. It invests in approximately 50-70 companies. The Adviser expects that normally the fund's portfolio will tend to emphasize investments in securities issued by U.S. companies, although it may invest in foreign securities. The fund may, at times, invest in shares of ETFs in lieu of making direct investments in securities.