The common stock portion of the portfolio has the potential to grow faster than inflation over the long term to help protect purchasing power, while the bond portion can help cushion changes in stock prices.
Stock prices can fall because of weakness in the broad market, a particular industry, or specific holdings. The bonds in the fund are subject to interest rate, credit and liquidity risks.
For investors who seek primarily income but also some capital growth.
Appropriate for both regular and tax-deferred accounts, such as IRAs and Keoghs.