About the Fund
The primary investment objective of the Miller/Howard Income-Equity Fund is to seek current income and, secondarily, long-term total return. It aims to achieve by investing primarily in a diversified portfolio of equity securities. The Income-Equity Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in dividend or distribution paying equity securities. However, the Fund focuses on investing in dividend paying securities. The Income-Equity Fund may invest in securities of companies with any market capitalization. Equity securities held by the Income-Equity Fund may include common stocks, preferred shares, securities or other instruments whose price is linked to the value of common stock, including registered investment companies, exchange traded funds and exchange traded notes. In addition, the Fund may invest up to 25% of its net assets in securities of master limited partnerships ("MLPs"). The Income-Equity Fund may also invest in U.S. dollar-denominated securities of U.S. and foreign issuers, and up to 20% of its total assets may be invested in securities denominated in non-U.S. dollar currencies. The Fund may also invest in American Depositary Receipts, European Depositary Receipts, and Global Depositary Receipts.