The investment seeks to achieve long-term capital appreciation. Under normal market conditions, the fund invests at least 80% of its net assets, plus borrowings for investment purposes, in equity securities. It invests primarily in equity securities of U.S. companies and foreign companies in developed markets. The fund may invest in large, mid and small capitalization companies and will be broadly diversified across companies and industries. Equity securities in which the fund may invest include common stocks, preferred stocks, warrants, American Depositary Receipts and similar instruments.