Fund Description

The fund was incepted in December 1991 and is managed by Amsouth Investment Management Company. The objective of the fund is to seek long-term capital growth and a reasonable amount of current income by investing in a diversified stock portfolio of undervalued companies and high-grade fixed-income securities. The fund invests in a broadly diversified portfolio of U.S. securities, common stocks, preferred stocks and high-quality bonds. The fund adjusts the ratio of stocks to bonds according to market conditions and trends. The fund invests in bonds rated 'A' or better by Moody's and Standard & Poor's, two leading bond-rating services. The fund distributes dividends monthly and any net realized capital gains are distributed at least once a year.