These funds are all about generating additional income. They use a combination of higher yielding fixed income securities and equities. So you can supplement your retirement income today and have the flexibility to shift when your objectives change.
These funds are designed to generate income to supplement Social Security, pensions and other retirement income.
The equity portion, which varies by fund, seeks to provide growth of assets.
Pursues long-term growth and income by investing mostly in stocks, but with a portion in bonds
Pursues long-term growth and income by investing in a balanced mix of stocks and bonds
Pursues income and long-term growth by investing mostly in bonds, but with a portion in stocks
Primarily pursues income by investing predominantly in bonds