Investment objective & strategy
As of April 24, 2025 · prospectusObjective. The investment objective of the Fund is an above-average level of current income and reasonable long-term capital appreciation.
Strategy. The Fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in equity securities. The Fund invests mainly in common stocks of mid-size and large companies whose stocks typically pay above-average levels of dividend income and are, in the opinion of Wellington Management Company LLP (Sub-Adviser), undervalued relative to similar stocks. The Sub-Adviser generally considers mid-size and large companies to be those companies that, at the time of initial purchase, have market capitalizations of $10 billion or higher. In addition, the Sub-Adviser generally looks for companies that it believes are committed to paying dividends consistently. The Fund may invest up to … The Fund seeks to achieve its objective by investing, under normal circumstances, at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in equity securities. The Fund invests mainly in common stocks of mid-size and large companies whose stocks typically pay above-average levels of dividend income and are, in the opinion of Wellington Management Company LLP (Sub-Adviser), undervalued relative to similar stocks. The Sub-Adviser generally considers mid-size and large companies to be those companies that, at the time of initial purchase, have market capitalizations of $10 billion or higher. In addition, the Sub-Adviser generally looks for companies that it believes are committed to paying dividends consistently. The Fund may invest up to 25% of its assets in foreign securities, either directly or through depositary receipts. The Sub-Adviser employs active investment management methods, which means that securities are bought and sold according to the Sub-Advisers evaluations of companies and their financial prospects, the prices of the securities, and the stock market and the economy in general.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| BROADCOM INC | — | $43.95M | 4.92% |
| MERCK & CO | — | $27.69M | 3.10% |
| JOHNSON&JOHNSON | — | $22.47M | 2.52% |
| DIAMONDBACK ENERGY INC | — | $22.39M | 2.51% |
| BANK OF AMERICA CORPORATION | — | $20.53M | 2.30% |
| CISCO SYSTEMS INC | — | $18.71M | 2.09% |
| UNILEVER PLC-SPONSORED ADR DEPOSITARY RECEIPT | UL | $17.94M | 2.01% |
| T-MOBILE US INC | — | $17.06M | 1.91% |
| HUNTINGTON BANCSHARES INC | — | $16.50M | 1.85% |
| CROWN CASTLE INC | — | $15.69M | 1.76% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Guardian Equity Income VIP Fund | 91% | 0.55% |
| THE HARTFORD EQUITY INCOME FUND · HQIAX, HQICX, HQIYX, HQIIX, HQIRX, HQISX, HQITX, HQIVX, HQIFX | 80% | 0.64% |
| VANGUARD EQUITY INCOME FUND · VEIPX, VEIRX | 67% | 0.17% |
Advisers
| Firm | Role |
|---|---|
| Wellington Management Company LLP | Sub-adviser |
| Jackson National Asset Management, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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