Strategy. Under normal circumstances, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in dividend-paying equity securities of value companies. Dividend-paying companies are those that have paid a dividend in the previous 12 months from the time of measurement. Value companies are those that are constituents of at least one of the following indexes on the last business day of the month in which its most recent reconstitution was completed (as adjusted by changes to an index between reconstitutions): Russell 3000 Value Index, S&P Composite 1500 Value Index and MSCI World IMI Value Index. Higher-yielding equity securities will generally represent the core holdings of the Fund. However, the … Show more… Under normal circumstances, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in dividend-paying equity securities of value companies. Dividend-paying companies are those that have paid a dividend in the previous 12 months from the time of measurement. Value companies are those that are constituents of at least one of the following indexes on the last business day of the month in which its most recent reconstitution was completed (as adjusted by changes to an index between reconstitutions): Russell 3000 Value Index, S&P Composite 1500 Value Index and MSCI World IMI Value Index. Higher-yielding equity securities will generally represent the core holdings of the Fund. However, the Fund also may invest in equity securities with low or no yield, but higher growth if the sub-adviser believes they will help balance the portfolio. The Funds equity securities include common stocks, convertible preferred stocks, and corporate debt securities that are convertible into common stocks. The Fund invests in convertible securities in pursuit of both long-term growth of capital and income. The securities conversion features provide long-term growth potential, while interest payments on the securities provide income. The Fund may invest in convertible securities without regard to their ratings, and therefore may hold convertible securities which are rated lower than investment grade. The Fund may invest up to 15% of its total assets in non-dollar denominated equity securities of non-U.S. issuers. In addition, the Fund may invest up to 25% of its assets, collectively, in non-dollar denominated equity securities of non-U.S. issuers and in dollar-denominated equity securities of non-U.S. issuers that are either listed on a U.S. stock exchange or represented by depositary receipts that may or may not be sponsored by a domestic bank. Up to 15% of the Funds total assets may be invested in equity securities of emerging market issuers. The Fund may utilize options, futures contracts, options on futures contracts, and forward foreign currency exchange contracts ( derivatives ). The Fund may use these derivatives to manage market or business risk, enhance the Funds return, or hedge against adverse movements in currency exchange rates. Show less