The fund seeks long-term capital growth and current income primarily through investments in stocks.
The fund employs fundamental, bottom-up research and both growth and value approaches in identifying stocks the managers believe have good prospects for capital growth over time. Among the many characteristics the managers look for in a prospective holding are seasoned management, leadership positions in growing industries, and strong financial fundamentals. The fund invests primarily in large-capitalization companies but may invest in mid-cap firms as well.
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This fund offers investors a flexible growth- or value-oriented approach to long-term appreciation and a reasonable level of current income. Such investment flexibility enables the fund to pursue promising growth companies with a good track record of earnings growth, while also investing in out-of-favor companies that appear to be selling at a discount to the market. This unique approach strategically positions the fund to benefit from whichever investment style is in favor in the marketplace at any given time.
Since the fund invests in both growth and value stocks, its share price can be affected by the risks associated with each type of investment. Stocks with growth characteristics can have relatively wide price swings, and because earnings expectations often drive their stock prices, earnings disappointments can results in price declines. If the stocks in the value portion of the portfolio regain favor, their prices should rise, providing additional appreciation potential. However, the risks include the possibility that low prices are warranted or that investors may not recognize a stock's intrinsic worth for an unexpectedly long time.
* Annually we evaluate the standard deviation of each US mutual fund listed and its resulting placement within specific risk/return categories.
Methodology: If a fund is at least 5 year old, it is generally placed in risk/return categories based on the standard deviation of its performance for the longest period of its calendar year returns;
the longest time period used for analysis is 10 years (regardless of the fund's inception). If a fund is less than 5 years old, we generally use the fund's primary benchmark disclosed in its prospectus as a proxy and follow the same process of using 10-year standard deviation of the benchmark,
or longest time period available. The firm at its sole discretion may show a fund in a higher risk category based on qualitative or other factors that may differ from this methodology.
See Glossary for additional details on all data elements.
The mutual funds referred to in this website are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. Download a prospectus.