Description

Under typical market conditions, this fund is mandated to invest at least 80% of its portfolio in the stock offerings of U.S.-based enterprises. The term 'assets,' in this context, refers to the fund's net capital combined with any borrowed amounts employed for investment purposes. While its investment approach primarily targets common shares of large and mid-sized American corporations, the fund maintains the option to allocate up to a fifth (20%) of its holdings to common equities of foreign firms, encompassing instruments like depositary receipts.