Asset Allocation
The Adviser will invest the Fund's assets within the following guidelines.
|
|
Allocation Range |
|
Cash |
0% - 10% |
|
Fixed Income |
5% - 20% |
|
Emerging Markets Debt |
0% - 5% |
|
High Yield Debt |
0% - 10% |
|
Passive US Equity (Russell 3000)1 |
20% - 40% |
|
Active U.S. Equity |
5% - 25% |
|
Active International Equity2 |
10% - 30% |
|
Hedge Funds |
15% - 35% |
At any time, the Board and the Adviser can determine to change the Fund's asset
allocations. The Adviser will actively monitor the Fund's asset allocation and
will rebalance the Fund's portfolio in response to changing market conditions in
furtherance of the Fund's investment objective.
1The Russell 3000 Index measures the performance of the largest 3,000 companies representing approximately 98% of the investable U.S. equity market. You cannot invest directly in an index.
2
A component of Active International Equity is emerging market equity.
Frequently, a Portfolio Fund in an Active International Equity strategy will
have limitations on the amount of emerging market equity that it may invest in,
but this is not always the case. Were the Fund to invest in emerging market
equities directly, it would not invest more than 10% of its assets in such
investments.
|