The investment seeks a high level of current income with a secondary consideration of steady growth of capital.
The fund's assets primarily are invested in equity securities. Under normal market conditions, it will invest at least 80% of its net assets (including the amount of any borrowings for investment purposes) in dividend-paying common and preferred stocks. The fund may invest up to 25% of its net assets in foreign investments. It may from time to time emphasize one or more economic sectors in selecting its investments, including the financial services sector.