Fund Description

The fund normally invests primarily in common stocks, investing in securities of companies with valuable fixed assets or that the adviser believes are undervalued relative to factors such as assets, earnings, or growth potential. It focuses on medium-sized companies but may invest substantially in larger or smaller companies, and it invests in domestic and foreign issuers. The fund uses fundamental analysis of each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. It normally invests at least 80% of assets in value companies.