The investment seeks long-term total return, consisting of capital appreciation and current income. The fund invests at least 15% of the fund's assets in fixed income securities and at least 25% of the fund's assets in equity securities. It invests all of its investable assets in Asset Allocation Trust ("AAT"), an investment company managed by Grantham, Mayo, Van Otterloo & Co. LLC ("GMO"). AAT, in turn, invests its assets in GMO-managed mutual funds and may be exposed to any asset class, including, for example, U.S. and foreign equities, U.S. and foreign fixed income securities, and, from time to time, other alternative asset classes.
Fund filings (PDF) »