The Fund is an actively managed fund of funds and seeks to achieve its objective by investing primarily in other registered investment companies, including other actively managed exchange-traded funds and index-based ETFs, that provide exposure to a broad range of asset classes. The Underlying Investments may invest in equity securities of U.S. or foreign companies, debt obligations of U.S. or foreign companies or governments, or other assets. The Fund may also invest directly in such U.S. equity securities. The Fund allocates its assets across asset classes, industries, and geographic regions, subject to certain diversification and liquidity considerations. Underlying Investments may provide exposure to foreign countries, including emerging markets.