Fund Description

The fund invests primarily in a diversified portfolio of U.S. equity and debt securities, with potential allocations of up to 35% in non-U.S. issuers. Its strategy aims for a balanced investment approach between growth and income, allocating approximately 40-75% of total assets in common stock and up to 60% in U.S. government and corporate debt securities, with a portion allowed for unrated or below investment grade debt. Employing a value investment philosophy, the fund seeks out companies trading below their intrinsic value, focusing on attributes like free cash flows and strong management alignment with shareholders. The fund typically holds thirty to sixty stocks and adjusts its debt allocation based on market conditions to buffer volatility and generate income.