Industry description
The investment seeks to provide sustainable current income with potential for capital appreciation with moderate investment risk.
The fund allocates its assets among stocks (U.S. and foreign companies), bonds and money market instruments. While the percentage of assets allocated to each asset class is flexible rather than fixed, it normally invests at least 50% of its net assets in stocks, stock equivalents, and convertible securities with the remainder in bonds, cash and money market instruments. The fund may also invest in high yield, below investment grade corporate bonds.