The investment seeks total return from income and capital appreciation.
The fund seeks to achieve its investment objective by investing, directly or through underlying funds, primarily in a combination of equity securities, fixed income securities, cash securities, alternative asset securities, and real-estate-related securities, including real estate investment trusts ("REITs"). It invests, directly or through underlying funds, without restriction as to issuer capitalization, country, credit quality, or a security's currency or maturity.
The investment seeks total return through a combination of capital appreciation and income.
The fund invests predominantly in exchange-traded funds ("ETFs") that each invest primarily in domestic or foreign (1) equity securities, (2) fixed-income securities, (3) alternative/specialty securities or (4) cash equivalents. The adviser defines equity securities to include ETFs that invest primarily in equity securities, such as common and preferred stocks. It invests at least 80% of its assets (defined as net assets plus any borrowing for investment purposes) measured at the time of purchase in ETFs.