The investment seeks current income; long-term growth of capital is a secondary consideration. The fund primarily invests in income-producing domestic and foreign securities, including equity securities (common stock, preferred stocks and securities convertible into common stock) and fixed income securities of companies of all market capitalizations. It will invest at least 25% of its total assets in securities of issuers in the group of industries in the financials sector. The fund may invest a large percentage of its assets in a few sectors, including financials, information technology and health care. It may invest in exchange-traded funds (ETFs).
Fund filings (PDF) »