The Fund’s primary investment objective is to seek high current dividend income (more than 50% QDI*) and secondarily, long-term growth of capital.
Foreign securities are more volatile, harder to price and less liquid than U.S. securities. They are subject to different accounting and regulatory standards, and political and economic risks. These risks are enhanced in emerging markets countries.
The use of leverage will also increase market exposure and magnify risk.
Dividends are not guaranteed and a company’s future ability to pay dividends may be limited.
*Qualified Dividend Income (QDI) is a type of dividend to which capital gains tax rates are applied.