Description

This fund primarily aims to achieve sustained long-term capital appreciation, with a secondary objective of generating current income. It typically allocates its investments to common stocks issued by U.S. companies. Ordinarily, at least 80% of its total assets are committed to firms with a market capitalization exceeding $2 billion. The fund employs a value-oriented investment strategy, which involves identifying equities whose market prices are considered modest relative to their fundamental earnings and book value, and which frequently offer more generous dividend yields.