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Learn how Equity Income Fund seeks to deliver income, build capital and manage downside risk over time.
Income-Oriented Equity Investing. In markets filled with both opportunities and risks, investors need a plan to succeed. Equity Income can help by seeking to build capital and manage downside risk.
Seeks current income. Capital appreciation is a secondary objective.
Equity Income is an income-oriented stock fund that's designed to:
The fund invests in securities the team believes have characteristics that have proven to increase returns, lower volatility, limit downside risk, and provide income over time:
Enduring return, risk and style characteristics may make Equity Income a solid choice as a core holding in an investor’s portfolio.
The value and/or returns of a portfolio will fluctuate with market and economic conditions. The fund invests in convertible securities, which may be affected by changes in interest rates, the credit of the issuer and the value of the underlying common stock. Generally, as interest rates rise, the value of the securities held in the fund will decline. The opposite is true when interest rates decline. There is no guarantee that the investment objectives will be met. Dividends and yields represent past performance and there is no guarantee that they will continue to be paid.
Past performance is no guarantee of future results.
Current income and long-term capital growth by investing in companies of all sizes that are believed to be undervalued.
Seeks upside equity market participation with a high level of yield. Invests in either the common stock or convertible securities of high-quality, income producing companies temporarily identified as undervalued.
Average annual total returns illustrate the annual compounded returns that would have produced the cumulative total return if the fund's performance had remained constant throughout the period indicated. Returns for periods less than one year are not annualized.
For periods prior to the inception of a class, performance is for the oldest class, restated with applicable fees, if any.
Senior Vice President, Executive Portfolio Manager
Chief Investment Officer — Global Value Equity, Senior Vice President, Senior Portfolio Manager
Vice President, Senior Portfolio Manager
Portfolio Manager, Senior Investment Analyst
The advisor has agreed to waive the G Class's management fee in its entirety. The advisor expects this waiver to remain in effect permanently and cannot terminate it without the approval of the Board of Directors.
The value and/or returns of a portfolio will fluctuate with market and economic conditions.
The fund invests in convertible securities, which may be affected by changes in interest rates, the credit of the issuer and the value of the underlying common stock. The fund also may invest in foreign securities, which can be riskier than investing in U.S. securities.
Generally, as interest rates rise, the value of the securities held in the fund will decline. The opposite is true when interest rates decline.
Please see the prospectus for details about sales charges.
The gross expense ratio is the fund's total annual operating costs, expressed as a percentage of the fund's average net assets for a given time period. It is gross of any fee waivers or expense reimbursement. The net expense ratio is the expense ratio after the application of any waivers or reimbursement. This is the actual ratio that investors paid during the fund's most recent fiscal year. Please see the prospectus for more information.
Only Investor Class shares are made available to investors directly. Advisor, A, C, I, and Y Classes of shares are only available for purchase by institutions or other financial intermediaries. R, R5, and R6 Classes of shares are only available for purchase by group employer-sponsored retirement plans. Review definitions and minimums for all share classes.
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