The investment seeks to provide income and long-term capital appreciation. The fund invests primarily in equity securities of U.S. and foreign companies consisting principally of high dividend-paying common stocks with dividend growth potential. It will typically invest at least 30% of its assets outside the United States. Normally, the fund will invest primarily in companies based in developed countries, although to a lesser extent the fund may also invest in companies based in emerging markets. It will invest its assets so that at least 80% of its net assets (plus any borrowings for investment purposes) are invested in dividend-paying securities.