The Portfolios seek to achieve long-term growth of capital.
The Portfolios invest in global equity portfolios that are designed as solutions for investors who seek equity returns but also want broad diversification of the related risks across styles, sectors and geographic regions. The Investment Manager expects that at any time at least 90% the Portfolio's total assets will be invested in equity securities, and in no case will the amount of the Portfolio's total assets invested in such securities be less than two-thirds of the Portfolio's total assets. Normally, the Investment Manager's targeted allocation for the Portfolios is an equal weighting of 50% growth stocks and 50% value stocks. The investment in emerging markets countries is not expected to exceed 30% of the Portfolio's net assets.