Seafarer Overseas Growth and Income Fund (SFGRX)

Overview

The fund focuses on investing primarily in a diverse range of dividend-paying securities. These securities include common stocks, preferred stocks, convertible securities, and debt obligations. Its target investments are not confined to a single geographic region but span across various foreign countries, excluding the U.S. The fund operates under the principle that at least 80% of its total assets will be allocated towards these types of investments. The term "total assets" encompasses the fund's net assets in addition to any borrowed funds intended for investment purposes. This strategic approach is designed to achieve the fund's investment objective under normal market conditions, by leveraging the potential growth and income generation opportunities available in foreign markets.

Products and Services

• Dividend-Paying Common Stocks

  These are shares in foreign companies that provide investors with regular income through dividends. The fund targets these stocks to potentially benefit from both the income they generate and their potential for capital appreciation.

• Preferred Stocks

  Preferred stocks offer a higher claim on a company's earnings and assets than common stocks and typically pay dividends at a fixed rate. Investing in preferred stocks from foreign companies allows the fund to secure stable dividend income with a slightly higher priority over common stocks in dividend distribution.

• Convertible Securities

  Convertible securities are bonds or preferred shares that can be converted into a predetermined number of common stock or equity shares. The ability to convert these instruments into stock provides the potential for capital appreciation, while the bond or preferred share aspect offers regular income, making them an attractive investment for the fund.

• Debt Obligations

  These are bonds or other forms of indebtedness issued by foreign companies and governments. By investing in these instruments, the fund seeks to generate income from the interest payments, while also potentially benefitting from any price appreciation of the obligations themselves.