|
Investing in Aggressive Growth Portfolio may be an advantageous way to achieve high long-term growth in the stock market. It offers convenience, savings on brokerage costs, diversification, and experienced professional management.
The primary objective of Aggressive Growth Portfolio is to outperform the market as a whole through long-term appreciation of the value of its shares. Selected by investment advisers for high profit potential, the fund invests in stocks and stock warrants of U.S. companies. Though the Portfolio may invest in shares of companies of small or mid-capitalization, at least 60% of its assets are invested in securities listed on the New York Stock Exchange. The Portfolio expects to remain fully invested in stock market investments at all times.
Aggressive Growth Portfolio offers the following advantages:
EMPHASIS ON HIGH PERFORMANCE
Aggressive Growth Portfolio invests in U.S. companies whose stocks have shown a potential for high long-term appreciation. This strategy offers investors a greater potential reward while seeking to mitigate risk.
FULLY INVESTED
Aggressive Growth Portfolio is fully invested in the stock market at all times. It does not take on the unnecessary risks associated with attempts to switch in and out of the market. Its fully-invested policy creates greater potential for high profits in the long run.
TAX PLANNING
Aggressive Growth Portfolio plans its investments in a manner that attempts to protect profits from taxation. Whenever practical, investments are chosen for their appreciation potential, rather than for income. Purchases and sales are planned to minimize taxable gain and taxable dividends are paid only to the extent required to avoid fund taxation.
MAXIMUM APPRECIATION POTENTIAL
For young investors with many years of earnings ahead, the potential for long-term gain often outweighs the risk of short-term losses. For these investors, Aggressive Growth Portfolio may be an attractive strategy for maximizing long-term asset appreciation potential.
TRADING VEHICLE
Although Aggressive Growth Portfolio was designed with long-term investors in mind, it may be well suited for use as a stock market trading vehicle. Its emphasis on “fast track” high profit potential stocks has the potential to help investors outrun a rising stock market. Commission-free telephone switching allows investors the flexibility of maneuvering in and out of the stock market quickly and at a nominal cost.
Disclosure: 
Aggressive Growth Portfolio’s stocks may appreciate in value more
rapidly than the stock market, but they are also subject to greater risk,
especially during periods when the prices of U.S. stock market
investments in general are declining. The Portfolio also invests in smaller
companies which will involve additional risks such as limited
liquidity and greater volatility.
Any tax or legal information provided is merely a summary of our understanding and interpretation of some of the current income tax regulations and is not exhaustive. Investors must consult their tax adviser or legal counsel for advice and information concerning their particular situation. Neither the Fund nor any of its representatives may give legal or tax advice.
. |
