Description

Under typical market conditions, this fund primarily allocates its capital to equity securities issued by companies with substantial to moderate market values. These investments are specifically chosen by the fund's adviser when their market price is considered attractive in comparison to their projected long-term earnings expansion. A minimum of 80% of the fund's total assets will be committed to common stocks. Furthermore, at least 65% of this designated common stock portion will target large-capitalization companies that fulfill the fund's particular investment requirements.