The investment seeks high total return.
The fund invests in United States and foreign equity securities, debt and money market securities, the combination of which may be varied from time to time both with respect to types of securities and markets in response to changing market and economic trends. It invests in a number of countries throughout the world. The fund may invest up to 35% of assets in "junk" bonds, corporate loans and distressed securities. It may invest up to 25% of its total assets in a wholly-owned subsidiary.