Industry description
The investment seeks long-term growth of capital by investing the fund's assets primarily in equity securities of companies that are considered to be undervalued.
The fund normally invests at least 80% of its net assets plus borrowings for investment purposes in the securities of middle capitalization companies. Under normal market conditions, it primarily invests in domestically traded U.S. common stocks, U.S. traded common stocks of foreign companies. The fund may have exposure to emerging markets through its investments in ADRs. It may invest in securities of small and large capitalization companies.