Evergreen Funds of Charlotte, N.C. has changed the name of its Evergreen Strategic Growth Fund to Evergreen Large Company Growth Fund to more accurately reflect the fund's investment management focus on large-cap companies, according to Melissa Jakeman, a spokesperson for Evergreen Funds.
Opened in 1935, the Large Company Growth Fund has a four-star Morningstar rating and a median market cap of $46.9 billion. It invests in consistent growth large-cap stocks and global franchises. The Fund's investment approach is to identify long-term investment themes and then select securities based on those trends, according to Evergreen. Maureen Cullinane will remain the fund manager.
On July 24, Evergreen shareholders approved the merger of eight of the fund family's smaller equity and fixed-income funds into seven larger funds with similar objectives. No funds were merged into the Large Company Growth Fund, however.