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.
Individuals seeking long-term capital growth and a reasonable level of income who can accept the price declines inherent in common stock investing. Appropriate for both regular and tax-deferred accounts, such as IRAs.
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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.
* Funds are placed in general risk/return categories based on their 10-year standard deviation
(as of December 2015) or, for newer funds, the standard deviation of the types of securities
in which they invest. There is no assurance past trends will continue.
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.