Industry description
The investment seeks to generate current income via a dividend yield that is at least two times that of the S&P 500 Index; long-term capital appreciation is the secondary objective.
Under normal circumstances, the fund will invest at least 80% of its net assets (plus any borrowing) in dividend-paying equity securities. It may invest in ETFs that principally invest in equity securities. The fund will typically hold securities of approximately 30 companies in its portfolio. It is non-diversified.