Description

As a core strategy, the fund typically allocates a minimum of 80% of its net assets—including any capital obtained through borrowing for investment purposes—into equities of large-capitalization companies; this commitment is formally known as its "80% policy." The portfolio's principal focus is on these large-cap firms, specifically those the investment manager identifies as offering strong potential for sustained long-term capital growth. For the purpose of this strategy, the fund's advisor currently categorizes large-capitalization stocks as those possessing a market value of $5 billion or more at the point of acquisition.