Description

This fund typically allocates a minimum of 90% of its capital to assets that generate income, ensuring that common stocks and other equity instruments constitute at least 50% of its overall portfolio. Its core strategy involves diversifying across a broad spectrum of income-bearing securities, prominently including both equities and fixed-income bonds. The fund aims to provide investors with a current income stream that exceeds the average yield of U.S. stocks, often benchmarking its income target against the average yield of companies within the S&P 500 Index.