Fund Description

The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in stocks of companies with growth characteristics, as defined by their representation in an appropriate third-party growth-oriented index. It may utilize derivatives as part of its investment strategy. While open to companies of any market capitalization, the focus is generally on large-cap stocks that exhibit strong cash flow, above-average earnings growth, and resilience during economic downturns. The fund's strategy may lead to significant sector concentration, particularly in information technology, and may also include investments in privately held and newly public companies. As a non-diversified fund, it can hold a higher percentage of assets in specific issuers.