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?) |
20% - 40% |
|
Active U.S. Equity |
5% - 25% |
|
Active International Equity1 |
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.
Fund holdings and/or sector allocations are subject to change at any time and
are not recommendations to buy or sell any security.
1A 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.
|