The investment seeks to maximize total investment return for a given level of risk.
The fund invests in underlying funds that are primarily actively managed, many by the adviser. Its allocations consist of underlying funds that invest in a particular market sector or investment strategy. The fund's allocation is more heavily weighted toward equity investments, and also includes non-traditional asset classes. Its current target allocation ranges for investment are: 20-60% in U.S. equity funds, 25-60% in international/global equity funds, 0-15% in bond funds and short-term investments, 5-20% in real asset funds and 0-15% in alternative strategies.