Fund Description

The fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of companies located in the United States; this policy may be changed only after 60 days' notice to shareholders. Equity securities include common stocks, preferred stocks, and convertible securities. It invests mainly in common stocks (growth or value, or both) of large U.S. companies with favorable investment potential, identified through bottom-up fundamental research and high-conviction, sector-based analysis. Factors may include valuation, financial strength, growth potential, competitive position, projected earnings, cash flows, and dividends, with an integrated process to address unintended risks.