Strategy. The Fund invests primarily in domestic and foreign equity securities. The Funds investments in foreign equity securities may include emerging market securities. The Fund also may invest in debt securities. The Funds investments in equity securities may include common stocks, preferred stocks, convertible preferred stocks, warrants, options and American Depositary Receipts (ADRs). Some, but not all, of the equity securities will pay a dividend. The Funds investments in debt securities may include U.S. Treasury notes and bonds, investment grade corporate debt securities, convertible debt securities and debt securities below investment grade (high yield or junk bonds). The Fund may invest up to 20% of its assets in such debt securities, including junk bonds, in any proportion provided that the total … Show more… The Fund invests primarily in domestic and foreign equity securities. The Funds investments in foreign equity securities may include emerging market securities. The Fund also may invest in debt securities. The Funds investments in equity securities may include common stocks, preferred stocks, convertible preferred stocks, warrants, options and American Depositary Receipts (ADRs). Some, but not all, of the equity securities will pay a dividend. The Funds investments in debt securities may include U.S. Treasury notes and bonds, investment grade corporate debt securities, convertible debt securities and debt securities below investment grade (high yield or junk bonds). The Fund may invest up to 20% of its assets in such debt securities, including junk bonds, in any proportion provided that the total invested does not exceed the 20% threshold at the time of investment. For hedging and investment purposes, the Fund may engage in short sales of securities, including short sales of securities the Fund does not own. At times, depending on market and other conditions, and in the sole discretion of the Funds subadviser, Yacktman Asset Management LP (Yacktman or the Subadviser), the Fund may invest a substantial portion of its assets in a small number of issuers, business sectors or industries. The Fund is non-diversified. The Subadviser employs a disciplined investment strategy. The Fund invests in securities of any size company at levels the Subadviser believes offer an attractive forward rate of return. When the Subadviser purchases stocks, it generally searches for companies that it believes possess one or more of the following three attributes: (1) good business; (2) shareholder-oriented management; or (3) low purchase price. The Fund generally sells companies that no longer meet its investment criteria, or if better investment opportunities are available. Under normal market conditions, the majority of the Funds assets will be allocated to equity securities. The Fund may hold assets in cash and cash equivalents, and at times these holdings may be significant. The Funds cash level at any point typically relates to the Subadvisers individual security selection process, and therefore may vary, depending on the Subadvisers desired security weightings. Show less