Why invest in this Fund?
The fund seeks long-term capital growth consistent with the preservation of capital. A secondary goal is current income.
To pursue these goals, the fund normally invests at least 80% of its assets in common stock. The fund focuses on 'blue-chip' companies with total market capitalizations of more than $5 billion at the time of purchase, including multinational companies.
In choosing stocks, the fund first identifies economic sectors it believes will expand over the next three to five years or longer. Using fundamental analysis, the fund then seeks companies within these sectors that have proven track records and dominant positions in their industries. The fund also may invest in companies which it considers undervalued in terms of earnings, assets or growth prospects. The fund employs a 'buy-and-hold' investment strategy, which generally has resulted in an annual fund turnover of below 15%.
In addition to direct investments, the fund may invest in securities of foreign companies in the form of U.S. dollar-denominated American Depositary Receipts ('ADRs'). ADRs typically are issued by an American bank or trust company and evidence ownership of, and may be converted into an underlying foreign security. ADRs are traded in the United States on national securities exchanges and in the over-the counter market. The fund may purchase ADRs through 'sponsored' or 'unsponsored' facilities. A sponsored facility is established jointly by the issuer of the underlying security and a depositary. A depositary may establish an unsponsored facility without participation by the issuer of the deposited security.
This fund is only offered as an underlying investment option for variable annuity contracts and variable life insurance policies and is not sold directly to the general public. Please refer investors to the applicable variable annuity or variable life insurance prospectus as well as the underlying fund prospectus for more detailed information and other important considerations, which should be read carefully before investing.
Fees & Expenses
Variable insurance products have additional fees, charges and expenses. Please consult the applicable variable contract prospectus for more detailed information.
Portfolio Manager/Sub-Investment Adviser
Top HoldingsAs of 10/31/23
Equity funds are subject generally to market, market sector, market liquidity, issuer, and investment style risks, among other factors, to varying degrees, all of which are more fully described in the fund's prospectus.
ADR risk. ADRs may be subject to certain of the risks associated with direct investment in foreign companies, such as currency risk, political and economic risk and market risk, because their values depend on the performance of the non-dollar denominated underlying foreign securities. For further information, see Fund Details - Investment Risks in the prospectus.
Please refer to the prospectus for a more complete discussion of the fund's main risks.
Factsheet, Prospectus and Reports
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