Fund Description

The fund invests at least 80% of net assets, including borrowings for investment purposes, in a diversified portfolio of income-producing equity securities, primarily common stocks but also potentially preferred stocks and convertible securities. It invests principally in securities of companies believed to be undervalued, and may also invest in companies believed to have long-term growth potential, across market capitalizations of any size. It may invest up to 20% of net assets in debt instruments, including below-investment-grade or unrated securities. It may also invest up to 20% in foreign securities, directly or via depositary receipts, and may at times emphasize one or more sectors, including financials.