Strategy. Under normal circumstances, at least 80% of the Funds net assets (plus any borrowings for investment purposes) consist of common stocks of issuers that meet certain socially responsible criteria. This investment strategy may be changed at any time, with 60 days prior notice to shareholders. The Fund may also invest in the preferred stock of such issuers, as well as securities convertible into common stock. Although the Fund will invest primarily in issuers located in the U.S., the Fund may also invest in U.S. dollar denominated American Depositary Receipts ("ADRs") of foreign corporations. Up to 50% of the Funds net assets may consist of securities of mid-capitalization companies. For this purpose, SKBA Capital Management, LLC (SKBA or the Advisor), the … Show more… Under normal circumstances, at least 80% of the Funds net assets (plus any borrowings for investment purposes) consist of common stocks of issuers that meet certain socially responsible criteria. This investment strategy may be changed at any time, with 60 days prior notice to shareholders. The Fund may also invest in the preferred stock of such issuers, as well as securities convertible into common stock. Although the Fund will invest primarily in issuers located in the U.S., the Fund may also invest in U.S. dollar denominated American Depositary Receipts ("ADRs") of foreign corporations. Up to 50% of the Funds net assets may consist of securities of mid-capitalization companies. For this purpose, SKBA Capital Management, LLC (SKBA or the Advisor), the Funds investment advisor, considers a mid-capitalization company to be a company with a market capitalization between $1 billion and $5 billion at the time of investment. In addition, the Fund may invest a significant portion of the Funds total assets in cash or cash equivalents if the Advisors Process (as explained below) does not identify other appropriate investments for the Fund. In selecting investments, the Advisor considers social criteria such as an issuers community relations, corporate governance, employee diversity, employee relations, environmental impact and sustainability, human rights record, and product safety. Using both quantitative and qualitative data, the Advisor also evaluates an issuers involvement in specific revenue generating activities to determine whether the issuers involvement was meaningful or simply incidental with respect to that activity. The Advisor applies valuation screens that identify issuers for further in-depth fundamental analysis for potential inclusion in the Fund. The investment strategy typically emphasizes securities that the Advisor believes have one or more of the following characteristics: a price significantly below the intrinsic value of the issuer; below average price to sales and price to cash flow ratios; and sound overall financial condition of the issuer. The Advisor may determine to sell a security when its target value is realized, its earnings deteriorate, changing circumstances affect the original reasons for the securitys purchase, or more attractive investment alternatives are identified. The Fund seeks to avoid investing in any issuer that derives more than 5% of its total revenue from tobacco, alcohol, gambling, abortion or weaponry (whether sold to consumers or the military), or that is involved in nuclear power. Because information on an issuers involvement in those activities may not be publicly available, it is possible that the Funds holdings may include an issuer that does not meet its criteria for socially responsible investing. When the Advisor discovers that a holding does not meet its criteria for socially responsible investing, it will divest that holding as soon as reasonably practicable. Show less