Fund Description

The fund was incepted in June 2002 and is managed by Massachusetts Financial Services Company. The fund's investment objective is to seek long-term growth of capital, and secondarily current income. The fund seeks to achieve its investment objective by allocating its assets according to the following target asset class allocations: U.S. Stocks - 60%, International Stocks- 20%, Bonds - 20%, Cash - 0%. The fund implements its allocation by investing in a mix of underlying funds, which in turn may invest directly in U.S. equity securities, foreign equity securities and bonds (U.S. investment grade fixed income securities, U.S. high yield fixed income securities and foreign fixed income securities). The fund invests in bonds that have been assigned higher credit ratings by credit rating agencies or are unrated and considered by the fund to be comparable to higher rated bonds. The fund offers dividends and capital gains annually.