Industry description
The investment seeks capital appreciation and income consistent with its current asset allocation.
The fund is a "fund of funds" that invests primarily in affiliated mutual funds representing a variety of asset classes. It invests in a professionally selected mix of different asset classes that is tailored for investors who have already retired. The fund allocated approximately 66% of its net assets in fixed-income securities, approximately 24% in U.S. stocks (including smaller company stocks), and approximately 10% in international stocks.