Industry description
The investment seeks to provide a combination of total return and stability of principal consistent with an asset allocation targeted to retirement.
Under normal circumstances, the Portfolio invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in a combination of passively managed index funds (collectively, the “underlying funds”). The underlying funds may or may not be advised or sub advised by the Investment Adviser or an affiliate of the Investment Adviser.