Fund Description

The fund was incepted in May 1960 and is managed by Phoenix Investment Counsel. The fund seeks long-term capital. The fund invests in all major world markets, focusing on quality companies with strong management, solid growth prospects and attractive valuations. The fund is suited for long-term investors seeking capital appreciation and broad equity global diversification. Under normal circumstances, the fund invests at least 65% of its assets in securities of issuers located in three or more countries, one of which will be the United States. The fund invests primarily in common stocks. Companies selected for fund investment may be of any capitalization and may be located in countries with developed markets and countries with 'emerging markets.' The fund distributes dividends semi-annually and capital gains annually.