The investment seeks long-term growth of capital.
The fund allocates its assets among other affiliated and unaffiliated underlying funds, including exchange-traded funds (ETFs), that emphasize alternative or nontraditional asset categories or investment strategies such as international small-cap stocks, emerging-market equity, commodities, market neutral (long/short), global real estate, natural resources, TIPS (Treasury Inflation-Protected Securities), global bonds, high yield, bank loans, foreign currency trading strategies, absolute return strategies, managed futures, arbitrage strategies, tactical investment strategies, and emerging-market debt.
The investment seeks to provide total return while managing risk.
The fund seeks to achieve its investment objective by focusing on total return while managing volatility and risk. In addition, it will continue to invest primarily in shares of registered investment companies, including ETFs, and closed-end funds. The investment companies that the Alternative Strategies Portfolio will invest in are those that emphasize alternative strategies, which generally have low correlations to the securities in the S&P 500® Composite Index.