Who this Fund is designed for
Investors who are going to stay invested for at least 5 years
and seek a Fund that:
- Offers a diversified portfolio of global investment
opportunities in equities and bonds, through countries such as the
U.S., Canada, nations of Western Europe, South America, Australia,
Africa and Asia, with limited potential investments in emerging
markets
- Offers a bond component that invests in both high-quality
government and corporate fixed-income securities
- Targets a long-term asset mix of 60 - 70% stocks and 30 - 40%
bonds
- Is managed with a focus on long-term consistency and
repeatability
- Targets being fully invested in securities with minimal
cash
Equity characteristics
- Focuses on stocks of large companies that operate primarily in
developed rather than emerging markets, and includes the U.S.
- On average, 3 - 8 holdings
- Holding period for stocks is typically 3 - years
- Typical equity diversification at time of purchase: 5% maximum
per security; country and industry weightings generally do not
exceed the greater of (a) 20% of the fund or (b) 150% of the MSCI
World Index weight; no more than 20% emerging markets exposure
- No currency hedging
Fixed Income characteristics
- Short- and intermediate-term government and corporate
bonds
- Bank obligations and short-term money market instruments
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