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The Fund seeks total return.
The Fund is a "fund of funds" that seeks to achieve its investment objective by investing in underlying funds that provide exposure to nontraditional or alternative asset classes or investment strategies. The Fund intends to allocate and reallocate its assets among a range of non-traditional or alternative asset classes in a flexible and dynamic way to capture return from such non-traditional or alternative sources.
TOP HOLDINGS (all classes) as of 09/30/2013
View detailed list of holdings
|Robeco Long/Short Research Fund||9.94%|
|Mainstay Marketfield Fund||9.91%|
|Gotham Absolute Return Fund||9.12%|
|Aberdeen Equity Long-Short Fund||7.93%|
|AQR Managed Futures Strategy||7.12%|
|Ivy Micro Cap Growth Fund||6.92%|
|The Arbitrage Event-Driven Fund||6.14%|
|Tortoise MLP & Pipeline Fund||5.07%|
|Eaton Vance Floating Rate Fund||4.97%|
|First Trust Health Care AlphaDEX Fund||4.08%|
The Fund is subject to different levels and combinations of risk, based on its actual allocation among the various asset classes and underlying funds. The Fund will be affected by stock and bond market risks, among others.
Foreign securities are more volatile, harder to price and less liquid than U.S. securities; and are subject to different accounting and regulatory standards, and political and economic risks. These risks are enhanced in emerging markets countries. The Fund’s investments in high-yield bonds may subject the Fund to substantial risk of loss.
The Fund invests a significant proportion of its assets in non-traditional asset classes, which may involve riskier types of securities or investments than those offered by other asset classes.
Please read the prospectus for more detailed information regarding these risks.
Jun 29, 2004
$1,000 Classes A, C
$1,000 IRA: Classes A, C
$1,000,000 Institutional Service
as of October 31, 2013
** Only certain investors are eligible to purchase shares of these classes.