Description

This fund primarily allocates its capital to a diverse array of other mutual funds, potentially including exchange-traded funds (ETFs), none of which carry sales charges. These underlying portfolios invest in a broad spectrum of assets: equities of small, medium, and large-capitalization companies, both domestically and internationally, alongside fixed-income instruments spanning various maturities and credit ratings. This fixed-income exposure includes government bonds, corporate debt, and high-yield or 'junk' bonds. Notably, the fund has the flexibility to commit as much as 80% of its net assets to underlying investments focused on these higher-risk, high-yield fixed-income securities.