Fund Description

The fund normally invests primarily in common stocks and, under normal conditions, at least 80% of assets in low-priced stocks. Low-priced stocks are those priced at or below $35 per share or with an earnings yield at or above the median for the Russell 2000 Index; earnings yield equals a stock's earnings per share for the most recent 12 months divided by current price per share. It may also invest in stocks not considered low-priced, in domestic and foreign issuers, and in growth, value, or both styles. The fund uses fundamental analysis of issuer financial condition, industry position, and market and economic conditions.