Fund Description

Under normal market conditions, the fund invests at least 80% of net assets in common stocks of growth companies that the adviser views as well-established "blue chip" firms with at least $1 billion market capitalization at initial purchase. It invests in domestic and foreign blue chip growth companies across industries, with foreign exposure generally through dollar-denominated ADRs, including sponsored and unsponsored arrangements. It does not concentrate by industry but may at times emphasize sectors such as information technology or consumer discretionary. The adviser uses bottom-up and top-down analysis and may buy non-blue-chip firms it believes can become blue chip.