Description

This fund aims to deliver a substantial level of ongoing income while concurrently pursuing growth for its capital. It accomplishes this objective by strategically diversifying its investments across a wide spectrum of asset classes. Under typical market conditions, Wellington Management Company LLP, which acts as the fund's sub-adviser, generally maintains a portfolio allocation where 30% to 50% of the fund's net assets are held in equity securities, with the remaining 50% to 70% dedicated to fixed-income instruments and cash.