The investment seeks capital growth and income.
The fund invests in a portfolio of equity securities consisting principally of common stocks of companies of any market capitalization, including small- and mid-cap companies. It may also invest in securities that are convertible into common stock. The fund's subadviser employs a type of value style investing known as a "contrarian" approach. It may invest up to 25% of its total assets in securities of foreign issuers. The fund may also invest up to 10% of its total assets in real estate investment trusts ("REITs").