Description

This investment vehicle aims to deliver a steady stream of income while also seeking opportunities for long-term capital appreciation. To achieve this, it typically commits at least 80% of its total assets to equity securities. The fund maintains a strategic asset allocation, generally targeting 50% in common stocks, 15% in Real Estate Investment Trusts (REITs) and other property-related investments, 15% in convertible securities, and 20% in preferred stocks. When selecting equities, the fund prioritizes those that offer current dividends and demonstrate potential for price growth, often resulting in an emphasis on "value" stocks within the common equity space. Its holdings include issuers from both the United States and international markets.