The fund will normally invest at least 80% of its net assets
(including any borrowings for investment purposes) in "real assets" and
securities of companies that derive at least 50% of their profits or revenues
from, or commit at least 50% of assets to real assets and activities related
to, real assets. Real assets are defined broadly by the fund and are considered
to include any assets that have physical properties, such as energy and natural
resources, real estate, basic materials, equipment, utilities and
infrastructure, and commodities.
The fund will invest in companies
located throughout the world, and there is no limit on the fund's investments in
foreign securities or emerging markets.
Click on the risk/reward spectrum below to view the funds in that category
The fund offers a professionally managed
allocation of assets, most of which will typically be invested in common stocks.
The fund's goal is to hold a portfolio of securities and other investments
that, over time, should provide some protection against the impact of
Because the fund focuses its investments in certain
industries that involve activities related to energy, natural resources, real
estate, commodities, infrastructure, and other real assets, the fund is more
susceptible to adverse developments affecting one or more of these industries
than a more broadly diversified fund would be and may perform poorly during a
downturn in any of those industries.
Since the fund can invest a
sizable portion of its assets in foreign securities, it will be subject to the
risk that some holdings may lose value because of declining foreign currencies,
adverse political or economic developments overseas, illiquid trading markets,
governmental interference, or regulatory practices that differ from the U.S.
These risks are heightened for the fund's investments in emerging markets.
* Annually we evaluate the standard deviation of each US mutual fund listed and its resulting placement within specific risk/return categories.
Methodology: If a fund is at least 5 year old, it is generally placed in risk/return categories based on the standard deviation of its performance for the longest period of its calendar year returns;
the longest time period used for analysis is 10 years (regardless of the fund's inception). If a fund is less than 5 years old, we generally use the fund's primary benchmark disclosed in its prospectus as a proxy and follow the same process of using 10-year standard deviation of the benchmark,
or longest time period available. The firm at its sole discretion may show a fund in a higher risk category based on qualitative or other factors that may differ from this methodology.
See Glossary for additional details on all data elements.
The mutual funds referred to in this website are offered and sold only to persons residing in the United States and are offered by prospectus only. The prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing. Download a prospectus.