The adviser seeks to provide shareholders with positive total returns over a complete market cycle through multiple "alternative" or non-traditional strategies, including return seeking, diversifying and defensive strategies. The adviser allocates the fund's assets among affiliated and unaffiliated mutual funds and exchange-traded funds, derivatives, and sub-advisers that provide exposure to equity, debt, derivatives, currency, and commodities markets, across different market sectors, countries and regions, including the U.S. and emerging markets, and cash and cash equivalents. It is non-diversified.