The investment seeks long-term growth of capital and income.
The fund normally invests in common stocks and other equity securities of companies representing a broad range of market capitalizations. It normally invests significantly in securities that the portfolio managers expect will generate income (for example, by paying dividends). The portfolio managers use a value investing style focusing on companies whose securities the portfolio managers believe are undervalued. The fund may invest in real estate investment trusts (REITs) and in non-U.S. securities, including emerging market securities.