Description

The fund primarily allocates a minimum of 80% of its total assets—defined as net assets supplemented by borrowed funds for investment—to common stock issued by dividend-paying U.S. corporations. It is permitted to invest in companies regardless of their market capitalization. The portfolio generally consists of 30 to 50 individual equity holdings, strategically diversified across seven to ten distinct industry sectors. The Sub-Advisor aims for this fund to provide a superior dividend yield and exhibit reduced downside volatility compared to the S&P 500 Index.