The fund seeks a favorable long-term total return through both capital appreciation and investment income, primarily from income-producing equity securities.

The fund invests at least 80% of its assets in: (1) income-producing equity securities or (2) other securities defined by its benchmark index, the Standard & Poor's 500 ("S&P 500") Index. The fund looks for equity securities of larger, well-established, mature growth companies that we believe are attractively priced, show the potential to increase in value faster than the rest of the market, and offer a growing stream of dividend income. The fund also may invest in rapidly-growing smaller companies and may invest up to 20% of its total assets in foreign securities. The fund may, on occasion, also invest a portion of its assets through quantitative techniques to maintain similar overall financial characteristics to the fund's benchmark index, the S&P 500® Index. This quantitative technique, when used, helps the portfolio manager control risk exposures by suggesting security selections that may fill unintended gaps in portfolio construction. Quantitative investment techniques may also be utilized to help the fund remain fully invested in stocks at all times.