Description

The fund's core objective is to generate substantial long-term growth for its capital. It generally invests in a focused portfolio consisting of common stocks from large capitalization companies, defined as those with market capitalizations exceeding $5 billion when acquired. These companies are selected based on the Adviser's assessment of their enduring competitive advantages. Although the fund will not concentrate 25% or more of its net assets within a single industry, it maintains the flexibility to emphasize investments in one or more specific economic or stock market sectors at different times. It operates as a non-diversified fund.