The investment seeks long-term capital appreciation. The fund normally invests at least 80% of assets in common stocks of U.S. companies with above-average potential for revenue and earnings growth. It emphasizes investments in large capitalization growth companies with minimum market capitalizations at the time of purchase of $10 billion and weighted average market capitalization in excess of $40 billion. The portfolio typically owns between 25 and 30 stocks. It is nondiversified.