Description

This fund's primary aim is to generate a substantial level of ongoing income, specifically targeting a yield superior to the average seen in U.S. equities. Achieving long-term growth of capital is a secondary, yet important, objective. To realize these goals, the fund strategically allocates its investments across a varied selection of income-producing securities, with a predominant focus on both stocks and bonds. Typically, under normal circumstances, at least 80% of its assets will be held in income-generating instruments, and no less than 50% of its total assets will be dedicated to common stocks.