Fund Description

The fund invests mainly in common stocks of large U.S. companies, focusing on growth stocks-companies whose earnings are expected to grow faster than those of similar firms and whose business growth and other characteristics may lead to an increase in stock price. In selecting investments, the investment manager may consider factors including valuation, financial strength, growth potential, competitive position, projected future earnings, cash flows and dividends. Under normal circumstances, it invests at least 80% of net assets (plus borrowings for investment purposes) in companies similar in size to those in the Russell 1000 Growth Index. The fund is non-diversified.