The investment seeks long-term capital growth while providing reasonable stability of principal.
The fund invests in a combination of underlying funds and directly held financial instruments. It generally invests 35-75% of its assets in debt securities, 25-65% of its assets in equity securities. The fund may also enter into credit default swap agreements on security indexes. It may enter into standardized derivatives contracts traded on domestic or foreign securities exchanges, boards of trade, or similar entities, and non-standardized derivatives contracts traded in the over-the-counter market.