Investment Objective:The fund seeks capital appreciation.
Investment Strategy:The Fund, through investments in the Select Funds, combines a greater percentage of U.S. equity securities with a smaller percentage of international equity securities. The following potential ranges are used to allocate the Fund’s assets among the Select Funds or other investments: Fixed Income 0-10%; Equities 90-100%.
This Fund may be suitable for investors who have a long-term investment horizon, possess a relatively high tolerance for risk and want to diversify by adding an aggressive investment option that combines U.S. and international stocks.
Foreign and emerging market securities may involve additional risks, including social and political instability, reduced market liquidity, currency volatility, less available public information about the issuers of securities, less stringent regulatory standards and a lack of uniform accounting, auditing and financial standards. Small company stocks are generally riskier than large company stocks due to greater volatility and less liquidity. This description of risks is provided as a summary of the principal investment risks associated with this mutual fund. Refer to the Fund's prospectus for more detailed risk information.