The investment seeks to provide investors with a balance of long-term capital appreciation and current income.
The fund invests primarily in a diversified portfolio of common stocks of companies traded in the U.S., investment-grade fixed-income securities (including convertible bonds) and cash equivalent securities. Equity securities will normally constitute from 40% to 70% of the fund's net assets. Debt securities will normally represent from 30% to 55% of the fund's net assets. Cash-equivalent securities will normally constitute from 0% to 35% of the fund's net assets. The fund may invest up to 25% of its assets in foreign securities.