The fund invests in a portfolio of equity securities, debt securities, commodity-linked instruments and cash and cash equivalents. Under normal market conditions, the fund will invest its assets within the following ranges: 50-80% of its assets in equities, 20-50% of its assets in fixed income and cash and cash equivalents, and 0-15% of its assets in commodities. In selecting equity investments, the adviser mainly seeks securities that the adviser believes are undervalued.