Investment Objective:The Fund seeks capital appreciation with modest current income.
Investment Strategy:The Fund, through investments in the Select Funds, combines a greater percentage of equity securities with a smaller percentage of fixed income securities. The following potential ranges are used to allocate the Fund’s assets among the Select Funds or other investments: Fixed Income 10-35%; Equities 65-90%; Real Assets 0-15%; Alternatives 0-15%.
This Fund may be suitable for investors who have a long-term investment horizon, possess a relatively high tolerance for risk and seek to participate in the return potential of stocks at a slightly lower risk level than an all stock portfolio.
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 fund is subject to credit risk and interest rate risk. Interest rate risk means, when interest rates rise, the value of the existing bonds decrease and vice versa. Changes in interest rates have a bigger impact on long duration holdings than on short duration holdings. 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.