Industry description
The investment seeks to provide, primarily, a growing stream of income over time and, secondarily, long-term capital appreciation and current income.
The fund employs an active management approach, investing primarily in stocks that tend to offer current dividends. The fund invests at least 80% of its net assets in dividend growth stocks. The fund focuses on high-quality companies that have prospects for long-term total returns as a result of their ability to grow earnings and their willingness to increase dividends over time. The fund seeks to be diversified across industry sectors.