Description

Under typical market conditions, this fund consistently invests at least 80% of its total assets in equity securities issued by large-capitalization companies. Its primary focus is on acquiring shares of issuers that possess a market capitalization greater than $5 billion at the point of purchase. The portfolio generally maintains holdings in 25 to 45 companies, and it is anticipated that residual cash and equivalents will make up less than 10% of the fund's net assets. The fund also has the discretion to allocate up to 35% of its assets to securities from foreign issuers, through either direct equity holdings or depositary receipts like American Depositary Receipts (ADRs). This fund is categorized as non-diversified.