Strategy. Under normal market conditions, the Portfolio invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of financially sound companies that have paid consistently rising dividends. The Portfolio invests predominantly in equity securities, mostly common stocks. Companies that have paid consistently rising dividends include those companies that currently pay dividends on their common stocks and have maintained or increased their dividend rate during the last four consecutive years. Under normal market conditions, the Portfolio invests at least 65% of its net assets in equity securities of companies that have: ?consistently increased dividends in at least 8 out of the last 10 years and have not decreased dividends during that time; ?increased dividends substantially … Show more… Under normal market conditions, the Portfolio invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of financially sound companies that have paid consistently rising dividends. The Portfolio invests predominantly in equity securities, mostly common stocks. Companies that have paid consistently rising dividends include those companies that currently pay dividends on their common stocks and have maintained or increased their dividend rate during the last four consecutive years. Under normal market conditions, the Portfolio invests at least 65% of its net assets in equity securities of companies that have: ?consistently increased dividends in at least 8 out of the last 10 years and have not decreased dividends during that time; ?increased dividends substantially (at least 100%) over the last 10 years; ?reinvested earnings, paying out less than 65% of current earnings in dividends; and ? either long-term debt that is no more than 50% of total capitalization or senior debt that has been rated investment grade by at least one of the major bond rating organizations. The Portfolio typically invests the rest of its assets in equity securities of companies that pay dividends but do not meet all of these criteria. Although the Sub-Adviser searches for investments that it believes meet the criteria across all sectors, from time to time, based on economic conditions, the Portfolio may have significant positions in particular sectors. The Portfolio may invest in companies of any size, across the entire market capitalization spectrum. The Portfolio may invest up to 25% of its total assets in foreign securities. The Sub-Adviser is a research driven, fundamental investor. As a bottom-up investor focusing primarily on individual securities, the Sub-Adviser looks for companies that it believes meet the criteria above and are fundamentally sound and attempts to acquire them at attractive prices. In following these criteria, the Portfolio does not necessarily focus on companies whose securities pay a high dividend rate but rather on companies that consistently increase their dividends. Show less