Description

The fund's primary goal is to deliver long-term capital appreciation. It predominantly invests in common stocks, equity-linked securities, and convertible instruments issued by "mid-capitalization" companies. These "mid-cap" firms are defined as having a market value ranging from $500 million to $50 billion. Typically, under normal market conditions, at least 80% of the fund's net assets—inclusive of any borrowed capital for investment—will be allocated to such mid-cap securities.