Address And Details

255 Liberty Street , New York, NY 10286
Fund Manager Team Managed
Manager Tenure

Strategy And Objective

The fund seeks total return (consisting of capital appreciation and income). To pursue its goal, the fund uses an actively-managed multi-asset strategy to produce absolute or real returns with less volatility than major equity markets over a complete market cycle, typically a period of five years. The fund is not managed to benchmark index. Rather than managing to track a benchmark index, the fund seeks to provide returns that are largely independent of market moves. The fund allocates its investments among global equities, bonds and cash, and, generally to a lesser extent, other asset classes, including real estate, commodities, currencies and alternative or non-traditional asset classes and strategies, primarily those accessed through derivative instruments. The fund may invest in, or otherwise have investment exposure to, the securities of companies of any market capitalization. The fund obtains investment exposure to these asset classes by investing in securities and through derivative instruments. The fund's portfolio managers combine a top-down approach, emphasizing economic trends and current investment themes on a global basis, with bottom-up security selection based on fundamental research to allocate the fund's investments among and within asset classes. In choosing investments, the portfolio managers consider: key trends in global economic variables, such as gross domestic product, inflation and interest rates; investment themes, such as changing demographics, the impact of new technologies and the globalization of industries and brands; relative valuations of equity securities, bonds and cash; long-term trends in currency movements; and company fundamentals. Within markets and sectors determined to be attractive in absolute terms, the fund's portfolio managers seek what they believe to be attractively priced companies that possess a sustainable competitive advantage in their market or sector and invest in such companies across their capital structures. The portfolio managers generally will sell investments when themes change or when the portfolio managers determine that a particular market or sector is no longer considered attractive in absolute terms, a company's prospects have changed or the investment is fully valued byte market. The fund's investments will be focused globally among the developed and emerging capital markets of the world. Under normal market conditions, the fund will invest a substantial portion of its assets in the securities of issuers organized or located outside the United States, whose primary listing exchange for securities is located outside the United States, whose largest amount of revenues are derived from countries outside the United States or whose reporting currencies are other than U.S. dollars, and derivatives which provide exposure to such issuers or foreign markets. The portfolio managers have considerable latitude in allocating the fund's investments and in selecting securities and derivative instruments to implement the fund's investment approach, although the fund must invest at least 10% of the value of its total assets in equity securities and at least 10% of the value of its total assets in fixed-income securities. Subject to such requirements, the fund is not otherwise limited in its ability to use derivative instruments. The fund may invest in bonds and other fixed-income securities of any maturity or duration. A bond's maturity is the length of time until the principal must be fully repaid with interest. Average effective portfolio maturity is an average of the maturities of bonds held by the fund directly and the bonds underlying derivative instruments entered into by the fund, if any, adjusted to reflect provisions or market conditions that may cause a bond's principal to be repaid earlier than at its stated maturity. Duration is an indication of an investment's "interest rate risk," or how sensitive a bond or the fund's portfolio may be to changes in interest rates.

Net Asset Value

as of 5:54 PM ET 10/18/2021


  • 1 Week
  • +1.76%
  • 1 Month
  • +0.23%
  • 3 Months
  • +1.11%
  • 1 Yr Return
  • +8.72%
  • 5 Yr Return
  • +17.65%

Equity Sector Breakdown

Finance 19.57%
IndustrialCyclical 9.33%
Technology 6.72%
NonDurables 6.31%
Health 5.23%
RetailTrade 3.80%
ConsumerDurables 3.45%
Utilities 2.58%
Energy 2.55%
Services 1.45%

Asset Allocation

Asset Type % Of Allocation
Stocks 57.25%
ForeignStocks 31.81%
Other 10.62%
Preferred 1.28%
Cash 0.00%
Bonds 0.00%
Convertible 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 69.65 M

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha 1.08 -1.18 -0.20
Beta 0.34 0.31 0.28
R Squared 0.65 0.48 0.41
Std Deviation 7.87 6.85 5.84
Sharpe Ratio 0.83 0.55 n/a

Purchase Information

as of 5:38 PM ET 10/15/2021
Minimum Initial $1000
Minimum Additional $100
Minimum Initial IRA $750


Timeframe Average Annual Current Performance Monthly As Of 09/30/2021 Average Annual Current Performance Quarterly As Of 09/30/2021 Avg Annual Current Performance Monthly As Of 09/30/2021 Avg Annual Current Performance Quarterly As Of 09/30/2021
1 Year
  • +9.46%
  • +9.46%
+9.46% +9.46%
3 Year
  • +7.28%
  • +7.28%
+7.28% +7.28%
10 Year
  • +4.75%
  • +4.75%
+4.75% +4.75%
Life Of Fund
  • +4.64%
  • +4.64%
+4.64% +4.64%

Top 10 Holdings

Symbol Company Name % Of Assets
1299 AIA GROUP 1.43%

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