The fund's goal is to achieve income and growth of the fund's value.
The fund is a multi-manager fund. The fund manager allocates the fund's investments to a selected group of Sub-Advisers that employ a variety of investment strategies. The Sub-Advisers invest across a range of alternative investment strategies, including credit long-short, relative value, event driven and global macro strategies. Credit long-short strategies involve taking long and short positions (artificially replicating an investment using derivatives) in bonds issued by corporations. Relative value strategies seek growth by taking advantage of temporary investment price anomalies and market inefficiencies. Event driven strategies principally invest in shares of companies involved in a variety of corporate actions. Global macro investing utilizes a broad range of strategies in which the investment process considers the impact of global events on the markets.