Industry description
The investment seeks long-term growth of capital.
The fund operates as a fund of funds and normally invests approximately 20% of its assets in underlying funds that invest primarily in fixed-income securities and approximately 80% of its assets in underlying funds that invest primarily in equity securities. underlying funds may be affiliated or unaffiliated and may include exchange-traded funds (ETFs). Variations in the target percentage allocation between underlying funds that invest primarily in equity securities and underlying funds that invest primarily in fixed-income securities are permitted up to 10%.