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.
David R. Giroux has managed this fund since 07/01/2006.
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.
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.
|Inception Date||June 30, 1986|
|Expense Ratio as of 12/31/2014||0.70%|