The fund seeks to achieve its investment objective by investing in a relatively concentrated portfolio of approximately 15 to 35 positions in U.S. and foreign equity securities. Eligible investments include common stocks and depositary receipts that have a market capitalization of greater than $500 million. The fund’s foreign security exposure generally will be obtained through investments in ADRs, which represent interests in foreign securities held in custody by U.S. banks. It maintains discre...
