The investment seeks maximum total return.
The fund's assets may be allocated to equity, debt/fixed income and money market instruments, and investments that provide exposure to commodities markets, including the Columbia Commodity Strategy Fund. The fund's equity security investments include: emerging market equities, international developed market equities, and U.S. equities. The fund's debt/fixed income security investments include: U.S. investment-grade bonds, international bonds, emerging market bonds, U.S. high yield (junk) bonds, convertible bonds, mortgage- and other asset-backed securities, and short-term money market instruments.
The investment seeks to provide long-term capital appreciation and current income.
The fund invests primarily in shares of a combination of underlying mutual funds and exchange-traded funds ("ETFs") for which Northern Trust Investments, Inc. ("NTI"), the fund's investment adviser, or an affiliate acts as investment adviser. Under normal market conditions, it will invest significantly in funds that invest in companies that are located, headquartered, incorporated or otherwise organized outside of the United States as represented in either the MSCI EAFE® Index, MSCI Emerging Markets® Index or other diversified foreign indices.