Fund Description

The fund normally invests at least 65% of total assets in stocks, emphasizing companies with a strong record of paying dividends or expected to raise dividends over time. It seeks stocks with sustainable, above-average earnings and dividend growth, and may buy shares that are temporarily out of favor or undervalued. Holdings tend to be large- and mid-cap companies. The fund may at times have significant exposure to a single economic sector, such as information technology. Most assets are typically in U.S. common stocks, with the ability to invest in foreign stocks.