Fund Description

The fund invests primarily in income-producing securities, including dividend-paying common stocks and interest-paying bonds. Generally, at least 60% of assets are invested in common stocks and other equity-type securities, though allocations among equity, debt, and cash or money market instruments may vary substantially with market conditions. It may invest up to 30% in equity-type securities of non-U.S. issuers, including emerging markets; up to 20% in lower quality, higher yielding nonconvertible debt (including "junk bonds"); and up to 10% in U.S.-dollar-denominated debt tied to countries outside the U.S. It is managed by multiple portfolio managers using segmented portfolios, guided by the adviser's judgment and a focus on attractively valued long-term opportunities.