Under normal circumstances, the Fund will invest at least 80 percent of the value of its Assets in equity securities and equity-related instruments. Assets means net assets, plus the amount of borrowings for investment purposes. The equity securities and equity-related instruments in which the Fund may invest include, but are not limited to, common stock, preferred shares, convertible securities, depositary receipts, exchange-traded funds, equity securities of real estate investment trusts, warrants and rights, and privately placed securities, and other instruments that provide economic exposure to one or more equity securities.