The investment seeks long-term capital appreciation.
The fund primarily invests in established and emerging companies with market capitalizations of generally $10 billion or more. Its equity investments may include common and preferred stocks, convertible securities and equity-linked securities, rights and warrants to purchase common stocks, depositary receipts, ETFs, limited partnership interests and other specialty securities having equity features. The fund may invest in privately placed and restricted securities. It may invest up to 25% of the fund's net assets in foreign securities.