The investment seeks current income and long-term growth of income, as well as capital appreciation.
The fund normally invests at least 80% of its net assets plus borrowings for investment purposes in equity securities of large capitalization companies. The Advisor currently considers large cap companies to be those with market capitalizations like those found in the Russell 1000® Index. The fund also invests in stocks with high cash dividends or payout yields relative to the market. It may also invest in foreign (non-U.S.) securities.