Description

This fund strategically diversifies its investments across three core asset categories. It targets the equity market by holding various types of stock securities, including other funds focused on equities. For its fixed-income component, the fund acquires debt instruments with maturities exceeding one year; this segment may also include higher-risk, lower-rated bonds, commonly known as high-yield or "junk" bonds, as well as bond-focused funds. Finally, a portion is dedicated to the short-term/money market segment, comprising fixed-income securities maturing within a year, along with funds specializing in such short-duration debt.