PRDGX focuses on investing in dividend-paying stocks, primarily large- and mid-cap U.S. companies with strong financial health and growth potential. By targeting firms with robust earnings and the capacity for dividend hikes, the fund aims for long-term growth with reduced volatility. It may also invest in undervalued stocks across sectors and occasionally in foreign equities. The strategy could benefit from and contribute steady income during market fluctuations, leveraging solid balance sheets and competitive advantages.