Fund Description

The fund invests at least 80% of net assets (plus any borrowings for investment purposes) in equity securities, primarily of U.S. issuers, including common stocks, preferred stocks, REITs, depositary receipts, rights and warrants, and equity-focused investment companies. It may invest in IPOs, up to 20% of total assets in non-U.S. issuers (including up to 5% in emerging markets), and in debt securities, generally investment grade, with up to 5% in below investment grade. It may use futures and options for hedging, portfolio management, return enhancement, or cash flow management, and may hold cash and short-term investments. The adviser uses a quality- and valuation-conscious, fundamental, research-driven approach, integrating ESG considerations and generally excluding certain controversial weapons companies.