The investment seeks long-term growth of capital and income through investment primarily in larger capitalization equity securities. The fund normally invests at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in equity securities of companies in a number of foreign countries and invests the majority of its total assets in companies that pay dividends or repurchase their shares. It invests primarily in common stocks of companies in developed countries outside the U.S. The fund may invest up to 15% of its total assets in companies in emerging (less developed) markets.