Fund Description

The fund normally invests primarily in common stocks, with at least 80% of assets in blue chip companies that the adviser views as well-known, well-established, and well-capitalized and generally of large or medium market capitalization. It invests in domestic and foreign issuers the adviser believes are undervalued based on factors such as assets, sales, earnings, growth potential, cash flow, or relative value within an industry. Security selection uses fundamental analysis of an issuer's financial condition and industry position, along with market and economic conditions, and may use derivatives within the 80% policy.