The fund seeks capital appreciation in the long term by investing in mid-and large-size companies in the United States.
The fund is managed by two sub-advisers, T. Rowe Price Associates, Inc. and Loomis, Sayles & Company, L.P.
The sub-advisors’ investment process is designed to highlight well-established companies demonstrating above-average earnings growth potential.
T. Rowe Price focuses on companies that are market leaders with a seasoned management having strong financial fundamentals, and displaying dividend growth potential. The sub-advisor at times may invest significantly in stocks of technology companies.
In addition, the sub-advisor believes a security could increase in value as a result of a management change, an extraordinary corporate event, a new product introduction or innovation, or a favorable competitive development.
Loomis Sayles prefers companies with sustainable competitive advantages, long-term structural growth drivers, attractive cash flow returns on invested capital, and management’s ability to create value for shareholders.
Loomis Sayles aims to invest in companies when they trade at a significant discount to their estimated intrinsic value.
The fund has the flexibility to invest up to 20% of its net assets in foreign securities, which may include investments in emerging markets.
The fund may at times have significant exposure to one or more industries or sectors.