Industry description
The investment seeks long-term growth of capital consistent with a higher level of risk relative to the broad stock market.
The fund’s target allocation is to invest approximately 70%-85% of its total assets in underlying funds that invest primarily in equity securities (equity funds), approximately 5%-30% of its total assets in underlying funds that invest primarily in fixed-income securities (fixed-income funds) and approximately 0%-20% of its total assets in alternative asset classes including underlying funds that invest primarily in commodities and other derivatives. The fund is non-diversified.