Fund Goal and Approach
The fund seeks to provide long-term capital appreciation. To pursue this goal, the fund normally invests at least 80% of its net assets in equity securities of large capitalization companies.
The fund's investment philosophy is based on the premise that earnings growth is the primary determinant of long-term stock appreciation. With this, the fund's manager uses an approach that combines top-down and bottom-up analysis. The fund focuses on 'growth' stocks.
Equity Risk: Equity funds are subject generally to market, market sector, market liquidity, issuer and investment style risks, among other factors, to varying degrees, all of which are more fully described in the fund's prospectus.
Investors should consider the investment objectives, risks, charges, and expenses of the fund carefully before investing. Download a prospectus, or a summary prospectus, if available, that contains this and other information about the fund, and read it carefully before investing.