Industry description
The investment seeks to provide total return and to limit exposure to downside risk.
The fund is a “fund of funds”. The Adviser seeks to achieve the fund’s investment objective by investing in a combination of unaffiliated mutual funds and exchange traded funds (“ETFs”), (collectively, “underlying funds”). Under normal market conditions, the fund’s target exposure over a three-year period to equity securities, of any market capitalization, through the underlying funds will average between 30%-50% of the fund’s assets.