Industry description
The investment seeks current income and long-term growth of income; capital appreciation is a secondary objective.
The fund pursues its investment objectives by investing primarily in both equity and fixed-income securities that have relatively high current income potential. The fund's investment adviser or sub-adviser ("Adviser") divides the fund's portfolio between equity and fixed-income investments by first allocating an amount to fixed-income investments sufficient to achieve a minimum income consistent with the fund's strategy of emphasizing relatively high current income potential.