Industry description
The investment seeks capital appreciation.
The fund invests at least 80% of its net assets in a non-diversified portfolio of publicly-traded equity securities issued by U.S. and non-U.S. companies. In selecting securities for the fund, the subadviser seeks to identify high-quality companies at attractive prices while integrating an in-depth macroeconomic understanding in order to manage risk. The fund will normally hold a limited number (generally 20 to 40) of companies, typically with a market capitalization in excess of U.S. $10 billion at the time of purchase. The fund may have significant investments in the technology sector. It is non-diversified.