Fund Description

The fund normally invests at least 90% of assets in income-producing securities, with at least 50% in common stocks and other equity securities, and invests primarily across a broad range of income-producing securities including common stocks and bonds. In seeking a level of current income that exceeds the average yield on U.S. stocks, it generally looks to the average yield on stocks of companies in the S&P 500 Index. It may also invest significantly in securities outside the United States. Assets are managed by multiple portfolio managers, with the portfolio divided into segments. The adviser seeks attractively valued, long-term opportunities and may sell holdings that no longer appear relatively attractive.