Description

The fund primarily aims to provide a significant level of ongoing income, while also pursuing long-term growth for its capital. To achieve these objectives, it diversifies its investments across a broad spectrum of asset classes. Typically, Wellington Management Company LLP, which serves as the fund's sub-adviser, targets an allocation where 30% to 50% of the fund's net assets are invested in stocks (equity securities), with the remaining 50% to 70% held in bonds (fixed income securities) and cash instruments.