Description

The fund's primary aim is to generate a substantial stream of current income, specifically targeting a yield higher than the typical return from U.S. equities; achieving long-term capital appreciation is a secondary objective. To accomplish these goals, it strategically allocates capital across a diverse portfolio of assets designed to produce income, predominantly comprising equities and fixed-income instruments. Under normal circumstances, at least 80% of its total assets will be deployed into income-generating investments, with common stocks making up no less than half of the portfolio.