The fund's primary goal is to achieve significant long-term growth of capital, accomplished by investing in common stocks it considers undervalued; income generation is a secondary objective. Adopting a value-oriented investment strategy, the fund typically allocates at least 65% of its total assets to common equities that the portfolio manager identifies as undervalued. While it has the flexibility to purchase stocks from companies of any market capitalization, the fund generally concentrates its holdings in large-cap stocks.
