The fund seeks long-term capital appreciation by investing primarily in common stocks. It may hold fixed-income and other securities to help preserve principal value.
To invest primarily in the common stocks of established U.S companies we believe to have above-average potential for capital growth. Common stocks typically constitute at least half of total assets. The remaining assets are generally invested in other securities, including convertible securities, corporate and government debt, foreign securities, and futures and options.
Individuals seeking capital appreciation who can accept the price declines inherent in common stock investing but prefer a strategy that focuses on reducing risk as much as maximizing gains. Appropriate for both regular and tax-deferred accounts, such as IRAs.
Click on the risk/reward spectrum below to view the funds in that category
This fund offers investors a conservative “value” approach to long-term capital growth. It combines large-cap stocks with preferred stocks, convertibles, bonds, and money market instruments for capital preservation. By investing in stocks that already appear to be out of favor undervalued, the fund should be less volatile than one investing in growth stocks. If, as the manager expects, the underpriced holdings regain favor in the marketplace, their stock prices will rise—providing capital appreciation opportunities.
Because of the fund’s fixed-income holdings or cash position, it may not keep pace in a rapidly rising market. And its value orientation carries the possibility that the market will not recognize a security’s intrinsic worth for an unexpectedly long time or that a stock judged to be undervalued may actually be appropriately priced.
* 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.
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