Fund Description

The fund seeks to achieve its objective by investing in a mix of affiliated and unaffiliated mutual funds and exchange-traded funds representing a broad universe of real assets. The subadviser expects that, over the long term, a multi-strategy real asset portfolio will mitigate the impact of inflation on the fund's assets. Under normal circumstances, it invests at least 80% of net assets in underlying funds that substantially invest in real assets such as global real estate, natural resources, commodities, global infrastructure, energy midstream MLPs/GPs/C-corps, floating rate instruments and global inflation-linked debt. It may invest in equity and debt funds across capitalizations, credit quality, maturities, including foreign and emerging markets. The 80% policy may be changed only with 60 days' written notice.