Description

This fund typically dedicates a minimum of 80% of its net assets, along with any investment-related borrowings, to common stocks. Its primary objective is to acquire shares in large-capitalization firms that, in the view of the investment advisor, represent 'blue chip' entities at the time of acquisition. The advisor's selection process leans towards companies poised for capital appreciation and expected to achieve superior earnings. The fund's investment scope also extends to foreign companies.