Fund Description

The fund invests primarily in equity securities of U.S. issuers, normally committing at least 70% of net assets to equity securities believed to have capital appreciation potential, including common stocks, equity-focused ETFs, warrants, convertible bonds, and preferred stock. Its strategy emphasizes company-specific factors such as internal or external changes that improve balance sheet, cash flow, or earnings growth, hidden or unappreciated value, management quality, and strong business models. It may invest in both growth and value stocks across market capitalizations, typically with a substantial allocation to mid-cap companies. It may invest up to 15% in foreign securities and may hold cash or other short-term investments.