Much of the company's success can be attributed to strong performance across product lines. In determining fund holdings, Portfolio Manager Brian Hayward gravitates toward companies that have good growth prospects in defensible market positions. Morningstar proprietary ratings reflect historical risk-adjusted performance and are subject to change each month.
Past performance is no guarantee of future results.
Total return assumes reinvestment of dividends and capital gain distributions. Investment return and principal value will vary so that when redeemed, an investor's shares may be worth more or less than when purchased. Many funds have recently benefited from historically unusual market conditions. As market conditions change, future fund performance will change. Read it carefully before you invest or send money.