Industry description
The investment seeks a balance between a high level of current income and growth of capital, with a greater emphasis on growth of capital.
The fund operates as a fund of funds and normally invests approximately 40% of its assets in underlying funds that invest primarily in fixed-income securities and approximately 60% 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).