Industry description
The investment seeks long-term, after-tax returns for its shareholders.
Under normal circumstances, the fund invests at least 80% of its net assets in value stocks. Value stocks are common stocks that, in the opinion of the investment adviser, are inexpensive or undervalued relative to the intrinsic value of the company and are constituents of the Russell 1000 Value Index. It may invest up to 20% of its total assets in foreign securities issued by companies domiciled in developed or emerging market countries.