The investment seeks to maximize total return, consisting of a combination of long-term capital appreciation and current income, while moderating risk and volatility in the portfolio.
The fund operates as a fund of funds. Its asset allocation mix is expected to be 75% equities, 23% fixed income securities and 2% cash equivalent investments. Over time, the asset allocation mix may change as a result of changing capital market assumptions or short-term market opportunities. The fixed income allocations generally will range from 10% to 45%, including cash equivalents ranging from 2% to 20% and alternative strategies ranging from 0% to 30%.