Fund Description

The fund seeks greater long-term capital growth and is designed for investors comfortable with higher risk and volatility. It pursues its investment strategy by investing to a significant degree in other mutual funds managed by the adviser or an affiliate, as well as direct investments in securities. It uses a prescribed two-step asset allocation process: first allocating assets across equity and debt, then setting sub-class targets within each. Equity sub-classes may be based on capitalization, style, sector, or security type; debt by maturity, duration, type, or credit rating. It may use futures to hedge or gain exposure and may invest in foreign and emerging market securities. The adviser rebalances at least annually.