Industry description
The investment seeks long-term capital appreciation.
The fund pursues its investment objective by utilizing an asset allocation strategy. Under normal circumstances, it will allocate at least 80% of the fund’s net assets, plus the amount of any borrowings for investment purposes, to equity investments (including U.S. and international, and may include emerging markets). In addition, in generally seeking higher income generation and market outperformance potential, the allocation to equities focuses on including equities that exhibit higher dividend yields and/or lower valuation ratios.