Fund Description

The fund invests primarily in a diversified portfolio of equity securities, emphasizing those with above-average dividend yields and favorable prospects for capital appreciation, as assessed by Wellington Management Company LLP. At least 80% of the fund's net assets are typically allocated to dividend-paying equity securities, predominantly from larger, well-established companies similar to those in the S&P 500 Index. Additionally, up to 20% of net assets may be directed towards foreign issuers and non-dollar securities. Wellington Management employs fundamental analysis, considering factors such as dividend history, free cash flow, management quality, and anticipated earnings to guide its investment decisions, incorporating both value and growth companies.