The Fund is a diversified investment management company with an objective to seek attractive yield and capital appreciation potential. It will primarily invest in debt securities and secondarily in equity securities. A majority of the total assets will be invested at some times in investment grade securities and at other times in non-investment grade securities depending on the Advisers analysis. It will invest in a wide range of debt securities and secondarily in dividend-paying equity securities. Under normal market conditions it anticipates to invest up to 65%, but not less than 25% of its total assets in both investment grade securities and non-investment grade securities. Normally it also anticipates to invest up to 30%, but not less than 5% of its total assets in US and foreign equity securities, including common and preferred stocks, convertibles, and rights, warrants and options to purchase any of the foregoing. It will invest primarily in US securities, but may invest up to 15% in debt and/or equity securities of companies organised outside the US.