Description

The fund's main objective is to generate consistent income, though it also seeks opportunities for capital growth. It typically allocates a substantial portion of its portfolio, at least 80%, to equity securities. The investment strategy employs a balanced distribution: approximately 50% in common stocks, 15% in REITs and other real estate-linked assets, 15% in convertible securities, and 20% in preferred stocks. The selection process prioritizes equities that not only pay dividends but also demonstrate potential for appreciation, a strategy that often leads to investments in "value" common stocks. Its holdings include both U.S.-based and international companies.