The investment seeks to provide capital appreciation and current income.
The fund invests in a combination of equity and debt securities. It uses a bottom-up approach in seeking to provide equity-like returns but with lower volatility than a fully invested equity portfolio. The Adviser typically invests approximately 60% of the fund's assets in equity securities and approximately 40% of its assets in debt securities, and any balance of the fund's assets in cash or cash equivalents. The fund typically invests in stocks of companies that have market capitalizations of $1 billion or more and have been operating for at least three years.