Industry description
The investment seeks to provide total return from capital appreciation and income with lower volatility than the S&P 500 Index, with a secondary objective of limiting risk during unfavorable or declining market conditions.
The fund seeks to achieve its investment objective by investing in unaffiliated equity exchange traded funds designed to track U.S. equity indices, U.S. money markets, and unaffiliated fixed income ETFs designed to track major U.S. fixed-income indices and/or benchmark bonds including U.S. investment-grade bonds, U.S. Treasuries, and mortgage-backed securities of all maturities.