The investment seeks total return through combination of growth and income. The fund normally invests in a diversified portfolio of convertible securities, common stock and fixed-income securities. The portion of assets invested in convertible securities, common stock, and fixed income securities will vary from time to time consistent with the investment objective, changes in equity prices and changes in interest rates and other economic and market factors. It may use futures contracts to establish a position in the securities market as a temporary substitute for purchasing individual securities.