| NASDAQ Exchange | United States Country |
The fund described primarily focuses on investing in income-oriented equity securities that are deemed by the portfolio managers to have potential for dividend growth over time. The investment strategy also involves a commitment to aiming for a total return that comes with reduced volatility in comparison to the Russell 1000® Value index. Its portfolio composition is broad, encompassing a variety of income-generating assets, including but not limited to Real Estate Investment Trusts (REITs), convertible securities, and common stocks. The fund's unique approach targets investors who are looking for income growth potential along with a relatively stable investment environment.
Investments in REITs allow the fund to generate income through properties and mortgages. REITs are companies that own, operate, or finance income-producing real estate across a range of property sectors. These investments can provide the fund with steady income streams and potential capital appreciation, contributing to the fund’s overall performance.
The fund includes convertible securities, such as convertible preferred stocks and bonds, in its portfolio. Convertible securities are hybrid investments that offer fixed-income like payouts but can be converted into a predetermined amount of the issuing company’s common stock. This conversion option provides an opportunity for capital appreciation if the company's stock price increases, while the fixed-income component helps in income generation and provides a cushion against market volatility.
Investing in common stocks forms a significant part of the fund’s strategy to achieve growth over time. Common stocks offer ownership stakes in publicly traded companies and the potential for dividend income as well as capital appreciation. The fund selects companies that have the potential for dividend growth and are expected to contribute to the fund's goal of delivering a total return with lower volatility.