Fund Description

The fund typically allocates at least 90% of its assets to income-producing securities, with a minimum of 50% in common stocks and other equity securities. It focuses on a diverse array of income-generating investments, including common stocks and bonds, aiming to deliver a current income level that surpasses the average yield of U.S. stocks, particularly referencing the S&P 500 Index. Additionally, the fund may invest significantly in international securities. It employs a multiple portfolio management strategy, where the fund's assets are divided into segments overseen by distinct managers, relying on the investment adviser's expertise to guide portfolio decisions. The adviser seeks attractively valued securities deemed to offer promising long-term investment potential.