Objective

The U.S. Stock Fund seeks long-term growth of principal and income.

Investment approach

The Fund offers investors a highly selective, actively managed core equity mutual fund that invests in businesses based on our analysis of long-term fundamentals relative to current valuations. Generally, we: 

• Primarily target a diversified portfolio of U.S. equity securities, typically investing in medium-to-large, well-established companies that, in our opinion, appear to be temporarily undervalued by the stock market but have a favourable outlook for long-term growth.
  
  
• Also invest up to 10% of the portfolio in securities issued by companies outside the U.S. that trade in the U.S. (in U.S. dollars). These securities are not in the S&P 500 Index.
  
  
• Select individual securities based on our analyses of various factors—including a company’s financial strength, economic condition, competitive advantage, quality of the business franchise, financially material environmental, social, and governance (ESG) issues, and the reputation, experience, and competence of its management—as weighed against valuation.