| Investment Objective: |
The Fund seeks long-term capital appreciation. Under normal circumstances, fund invests at least 80% of the Fund's total assets in equity securities of large-capitalization companies; and up to 20% of the Fund's total assets in equity securities of foreign issuers, including ADRs and similar investments. The fund invest principally in equity securities of approximately 30 to 50 large-capitalization companies, which we define as companies with market capitalizations within the range of the Russell 1000 Index at the time of purchase. Fund may also invest in equity securities of foreign issuers through ADRs and similar investments. We look for undervalued companies that we believe have the potential for above average capital appreciation with below average risk. Rigorous fundamental research drives our search for companies with favorable reward-to-risk ratios and that possess, a long-term competitive advantage provided by a durable asset base, strong balance sheets, and sustainable and superior cash flows. |
