The Portfolio seeks to maximize total return. The strategy is designed as a solution for investors who seek long-term growth of capital with moderate volatility by investing in a multi-asset emerging-market fund. The Investment Manager will actively adjust the Portfolio’s investment exposures to emerging market issuers and other financial instruments, including financial derivative instruments, that provide investment exposures to a variety of asset classes. These asset classes include equity securities, fixed income instruments, including high-yield securities and currencies. The Portfolio is not subject to any limitation on the portion of its net assets that may be invested in equities, fixed income securities or currencies. Therefore, at any point in time the Portfolio’s investments in one of these asset classes may be more than 50% of its net assets. Neither is the Portfolio limited in its holdings in credit qualities, countries, industry sectors or market capitalizations.