Fund Description

The fund seeks its objectives by investing in equity securities of U.S. companies, defined as firms with at least 50% of revenues or profits from U.S. activities, at least 50% of assets in the U.S., or a principal U.S. trading market. It may also invest, generally to a lesser extent, in foreign issuers, including emerging markets. The adviser selects equities across industries, considers potential future dividend payers, and expects to primarily invest in large-cap stocks. The fund may invest a substantial portion of its assets within one or more economic sectors or industries, which may change from time to time. Holdings may include common and preferred stock, convertibles, rights and warrants, including non-U.S. currency-denominated securities. It may invest to a lesser extent in debt, including up to 5% in high yield, use derivatives, and invest in depositary receipts, repurchase agreements, when-issued and delayed delivery securities, mortgage-related securities, restricted securities, other investment companies and ETFs, and may lend securities.