Fund Description

The fund seeks long-term capital appreciation by investing primarily in common stocks of large-cap companies with above-average growth prospects, investing at least 80% of net assets (plus any borrowings for investment purposes) in large-cap securities. Large-cap is defined as market capitalizations over $5 billion. Using fundamental research, it targets industries benefiting from long-term secular changes and companies gaining share with sustainable competitive advantages, barriers to entry, pricing power, expanding free cash flow, and high return on invested capital. It invests mainly in U.S. companies, with the ability to invest outside the U.S.