Industry description
The investment seeks long-term growth of capital.
Under normal circumstances,the fund will invest at least 80% of its assets, plus the amount of any borrowings for investment purposes, in equity securities, principally in the common stocks of large companies that its adviser, the Adviser expects to demonstrate the long term ability to compound earnings at higher rates than the broader market, regardless of industry. It is managed independent of any index sector weightings. The adviser anticipates most of the fund investments will be in U.S. based companies although the fund has the ability to invest internationally as well.