The investment seeks primarily to achieve growth of principal and as a secondary objective, to protect principal.
The fund seeks to achieve its objective by investing in the securities of other investment companies (including open-end funds, exchange-traded funds ("ETFs")) and closed-end funds. The Adviser allocates the fund's assets among underlying funds that focus on tactical asset management meaning underlying funds where the investment adviser to such underlying funds has the flexibility to transition assets into and out of any sector of the market and from stocks to bonds at any time based on existing and/or foreseeable market conditions.
The investment seeks to maximize total return.
Under normal circumstances, the fund will invest at least 40% of its net assets, plus the amount of any borrowing for investment purposes, in issuers organized, located, or doing a substantial amount of business outside the United States, including investments that expose the fund to such issuers. It will invest in issuers, and/or have investments that expose the fund to issuers, organized, located, or doing a substantial amount of business in a minimum of three countries, including the United States.