The fund normally invests at least 65% of the fund’s total assets in stocks, with an emphasis on stocks that have a strong track record of paying dividends or that are expected to increase their dividends over time.

The adviser believes that a track record of dividend increases can be an excellent indicator of financial health and growth prospects, and that over the long term, income can contribute significantly to total return. Dividends can also help reduce the fund’s volatility during periods of market turbulence and help offset losses when stock prices are falling.

The adviser’s research analysts look for stocks with sustainable, above-average growth in earnings and dividends. When appropriate, the portfolio manager may attempt to buy stocks when they are temporarily out of favor or undervalued by the market. Holdings tend to be in large- and mid-cap companies.

At times, the fund may have a significant portion of its assets invested in the same economic sector, such as the information technology sector.

In selecting investments, the adviser generally favors companies that it believes possess one or more of the following:

While most assets are typically invested in U.S. common stocks, the fund may invest in foreign stocks in keeping with its objective(s).