Description

The fund's primary objective is to generate the highest possible long-term total return. It operates as a "fund of funds," meaning it largely invests in other investment vehicles, predominantly mutual funds and exchange-traded funds (ETFs) from Franklin Templeton and Legg Mason. While the general asset allocation strategy targets an 80% exposure to equity funds and 20% to fixed-income funds, these proportions are subject to change by the investment manager without shareholder consent, and the actual allocation may fluctuate by up to 10% from these established guidelines.