Industry description
The investment seeks to provide long-term total return and to limit volatility and 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”). 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 50%-70% of the fund’s assets.