The investment seeks long term growth of capital.
The fund invests primarily in a portfolio of equity securities of issuers that the management believes are undervalued. It may invest in securities that are selling at a substantial discount to their intrinsic value. The fund may invest in securities of issuers with any market capitalization. It may invest up to 25% of total assets in securities of foreign issuers, of which up to 10% can be in fixed income securities.