This new fund's main objective is long-term capital growth. This fund will focus its investments primarily in common stocks of U.S. companies and securities of U.S. companies that are convertible into common stocks. Well-known and established companies as well as smaller less discovered companies will be considered. The companies are selected for their growth prospects relative to their valuations, without regard to market capitalization size.
Income is a secondary objective.
This diversified fund seeks long-term capital appreciation through investments in large cap common stocks or securities convertible into common stocks. Income is a secondary objective. This fund seeks current income through investments in securities of domestic and foreign public utility companies, with capital appreciation as a secondary goal. Utilities are broadly defined to include companies that provide basic services to customers on a regular basis. Investments include common stocks, preferred stocks and corporate bonds, and debt securities issued or guaranteed by the U.S. government or its agencies.