Fund Description

The fund was incepted in September 1986 and is managed by TCW Investment Management Company. The fund seeks to realize a high level of dividend income consistent with prudent investment management. Capital appreciation is a secondary objective. To pursue this goal, the fund invests (except when maintaining a temporary defensive position) at least 65% of the value of its net assets in equity securities. The fund generally invests in equity securities which include common and preferred stock, rights or warrants to purchase common or preferred stock, securities convertible into common stock and preferred stock such as bonds and debentures, American Depository Receipts (ADRs) and other securities with equity characteristics. Dividends and capital gains are distributed annually.