Investment Objective The investment seeks long-term capital appreciation; current income is the secondary consideration.
The fund invests primarily in domestic equity securities (primarily common stocks) selected on a value basis. It may own a variety of securities, including foreign equity securities and foreign and domestic debt obligations. The fund invests in promising companies, and may invest in stocks that reflect unfavorable market perceptions of the company or industry fundamentals. It may invest in companies of any size, but invests primarily in the large and middle capitalization range of publicly traded companies.