Fund Description
Overview
- Follows a tactical asset allocation strategy which seeks to evaluate the attractiveness of a range of asset classes across various regions and countries and to position the portfolio to benefit from pricing inefficiencies.
- Differs from traditional “bottom up” approaches because it seeks to derive its source of outperformance from macro or “top down” decisions.
- Invests primarily in securities that make up the S&P 500 Index, equity securities of issuers located within and outside the United States, bond and currency markets, and exchange-traded funds (“ETF's”).
Investment Objective
The Fund seeks to outperform the Standard & Poor's 500® Composite Stock Price Index (S&P 500 ® Index). The Fund's investment objective is not fundamental and may be changed without a shareholder vote.
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Investment Style
More Info
Management Team
Paul Zemsky, CFA
Portfolio Manager
Managed Fund since 2008
View Detailed Information
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Most Recent Month-End
|
Most Recent Quarter-End
| As of 12/31/2009 |
YTD |
1 YR |
3 YR |
5 YR |
10 YR |
Inception
(03/2008) |
Gross
Exp. |
Net
Exp. |
| Net Asset Value |
+29.79 |
+29.79 |
— |
— |
— |
-10.10 |
0.72% |
0.7% |
| With Sales Charge |
+29.79 |
+29.79 |
— |
— |
— |
-10.10 |
|
|
| As of 12/31/2009 |
YTD |
1 YR |
3 YR |
5 YR |
10 YR |
Inception
(03/2008) |
Gross
Exp. |
Net
Exp. |
| Net Asset Value |
+29.79 |
+29.79 |
— |
— |
— |
-10.10 |
0.72% |
0.7% |
| With Sales Charge |
+29.79 |
+29.79 |
— |
— |
— |
-10.10 |
|
|
View Detailed Performance
Principal Risks
All investing involves risks of fluctuating prices and the uncertainties of rates of return and yield inherent in investing. The Fund may Allocate Assets to a fund or market that underperforms other asset classes. The Fund may use Derivatives, such as options and futures, which can be illiquid, may disproportionately increase losses and have a potentially large impact on Fund performance. Foreign Investing does pose special risks including currency fluctuation, economic and political risks not found in investments that are solely domestic. Risks are intensified in Emerging Markets. Investment by Funds-of-Funds may experience large inflows or redemptions due to allocations or rebalancing by these fund-of-funds, there could be adverse effects on portfolio management. As Interest Rates rise, bond prices fall, reducing the value of the Fund's share price. Short Sales in which the Fund is involved with will suffer a loss if it sells a security short and the value of the security rises rather than falls. Sovereign Debt issued or guaranteed by foreign government entities are subject to the risk that a government entity may delay or refuse to pay interest or repay principal on its sovereign debt. Other risks of the Fund include but are not limited to: Convertible/Debt Securities Risks; Market Trends Risks; Exchange-Traded Funds (ETF) Risks; Inability to Sell Securities Risks; Other Investment Companies Risks; Price Volatility Risks; and Securities Lending Risks.Investors should consult the Fund's Prospectus and Statements of Additional Information for a more detailed discussion of the Fund's risks.