Fund Description

The fund was incepted in July 1987 and is managed by Banc One Investment Advisor. The fund seeks current income through regular payment of dividends with the secondary goal of achieving capital appreciation by investing primarily in equity securities. The fund attempts to keep its dividend yield above the Standard & Poor's 500 Composite Price Index by investing in the common stock of corporations that regularly pay dividends, as well as stocks with favorable long-term fundamental characteristics. As part of its main investment strategy, the fund may invest in convertible bonds and REITs. Because yield is the main consideration in selecting securities, the fund may purchase stocks of companies that are out of favor in the financial community and therefore are selling below what the fund believes to be their long-term investment value. The fund offers dividends monthly and capital gains annually.