Strategy. The Fund invests principally in common stocks of U.S. companies and, to a lesser extent, in equity securities of foreign issuers, usually those that are publicly traded in the United States either directly or through American Depositary Receipts (ADRs). The Fund is not subject to a percentage limit with regard to its investment in foreign issuers. In addition to common stocks and ADRs, equity securities in which the Fund may invest include preferred stocks, convertible securities, and rights. The Fund utilizes a fundamentals-driven, company-by-company investment approach that is based on the Advisers (as identified below) belief in the benefits of investing in individual businesses, not in the stock market. The Fund invests in companies in a broad range of industries … Show more… The Fund invests principally in common stocks of U.S. companies and, to a lesser extent, in equity securities of foreign issuers, usually those that are publicly traded in the United States either directly or through American Depositary Receipts (ADRs). The Fund is not subject to a percentage limit with regard to its investment in foreign issuers. In addition to common stocks and ADRs, equity securities in which the Fund may invest include preferred stocks, convertible securities, and rights. The Fund utilizes a fundamentals-driven, company-by-company investment approach that is based on the Advisers (as identified below) belief in the benefits of investing in individual businesses, not in the stock market. The Fund invests in companies in a broad range of industries and generally focuses on companies whose earnings from operations are forecasted to grow at least 20% in the next 12 months, under normal circumstances, based on analyst consensus estimates. The Fund targets companies of all sizes that the Adviser believes are fundamentally sound, meaning they generally have some or all of the following attributes under normal economic conditions: earnings growth typically over 20% annually; high rates of profitability; strong balance sheets; and a high quality of earnings ( i.e. , a high proportion of earnings from operating activities). The Fund also targets companies experiencing positive changes, such as having introduced new products, appointing new management, having recently completed an acquisition or divestiture, or benefiting from legislative or regulatory changes. The Fund may focus on technology and consumer discretionary sectors. The Fund employs a firm sell discipline. The Fund sells a stock when the Adviser: Determines that the stock has deteriorating fundamentals such as contracting margins or reduced revenue growth Determines that investor expectations have become unrealistically high Finds a better investment While this sell discipline is likely to cause the Fund to have a high annual portfolio turnover rate, it also enables the Fund to seek better investment alternatives. Show less