This fund typically allocates at least 80% of its net assets to U.S.-based common stocks. The investment adviser primarily targets large-capitalization companies believed to be fundamentally undervalued. For the purpose of this fund, a large-cap company is defined as one with a market capitalization of $5 billion or more at the time of purchase, or a company whose market value falls within the range of firms comprising the Russell 1000 Index at the time of acquisition.
