The investment seeks growth of capital. The fund, under normal circumstances, will invest at least 80% of its assets (defined as net assets plus the amount of any borrowing for investment purposes) in mutual funds and exchange traded funds (“ETFs”) that are passively managed and seek to track a specific index consisting of U.S. equity securities of any capitalization (“underlying funds”), in order to obtain exposure to the U.S. equity market. The fund is an actively managed fund and does not seek to track any particular index.