|Net Assets||5.93 Bil|
- Last NAV update 5/23/2013 4:00 PM ET
|The investment seeks long-term capital appreciation consistent with the preservation of capital; current income is a secondary goal. The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in common stocks. It focuses on "blue chip" companies with total market capitalizations of more than $5 billion at the time of purchase, including multinational companies. The fund employs a "buy-and-hold" investment strategy, which is an investment strategy characterized by a low portfolio turnover rate, which helps reduce the fund's trading costs and minimizes tax liability by limiting the distribution of capital gains.|
- Year to date performance as of 5/22/2013 8:00 PM ET
|Fund Manager||Fayez Sarofim|
|Minimum Initial Purchase||2,500.00|
|Minimum IRA Investment||750.00|
- * Annualized returns
- Performance as of 5/22/2013 8:00 PM ET
|Net Assets||5.93 Bil||851.31 Mil|
|Avg Market Cap||109.09 Bil||42.44 Bil|
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