The investment seeks capital growth and current income. The fund normally invests at least 80% of its net assets, plus borrowings for investment purposes, in debt securities, including obligations of foreign government or corporate entities or supranational agencies denominated in various currencies. The Active Allocated Portion consists of approximately 35-45% of the Portfolio's net assets and the index allocated portion consists of approximately 55-65% of the Portfolio's net assets. The Active Allocated Portion generally maintains a dollar-weighted average maturity of 5 to 14 years and a duration of 3½ to 10 years.