The investment seeks long-term capital appreciation consistent with the preservation of capital; current income is a secondary goal. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. It invests primarily in the common stock of U.S. and foreign based companies listed on U.S. exchanges, but the fund may also invest up to 25% of its net assets in foreign-based companies listed on foreign exchanges, either directly or through American Depositary Receipts ("ADRs"). It focuses on companies with market capitalizations exceeding $5 billion at the time of purchase.