The investment seeks a high level of current income with a secondary objective of growth of income and capital.
Under normal market conditions, the fund will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in dividend-paying common and preferred stocks. It can invest in companies of any size. The fund can invest in any economic sector and, at times, it may emphasize one or more particular sectors. It may invest up to 25% of its net assets in foreign investments.