Dynamic Diversified Allocation Fund

Investment Objective

Capital Growth and Income

Fund Characteristics

The Fund seeks to capitalize on global opportunities through active management across asset classes, geographies, currencies, and risk themes.

Investment Approach

  • The Fund employs a top-down dynamic asset allocation strategy that focuses on general price movements in various asset classes and currencies combined with bottom-up security selection strategies actively managed by William Blair
  • The top-down approach seeks to identify and exploit periodic discrepancies between fundamental values and market prices
  • The Fund currently invests in the following bottom-up William Blair strategies:
    - International Leaders
    - All Cap Growth
    - Small-Mid Cap Growth
    - Small Cap Growth
    - Small Cap Value

Why Consider This Fund?

  • Actively manages macro risks: Historically, over 90% of portfolio return variation has been attributable to top-down (macro) allocation decisions1
  • Seeks to take advantage of global opportunities and risks: Global interconnectedness has increased the relevance and pace at which macro political and economic factors affect investment results
  • Seeks to capitalize on fundamental value/price dislocations in global markets and currencies through dynamic risk capital allocations
  • Leverages divergent sources of alpha by combining the team’s macro-oriented process with several of William Blair’s bottom-up oriented strategies
1 Source: Determinants of Portfolio Performance II: An Update Brinson, Gary P.; Singer, Brian D.; Beebower, Gilbert L. Financial Analysts Journal; May/Jun 1991; 47, 3; ABI/INFORM Global pg. 40.

The Fund involves a high level of risk and may not be appropriate for everyone. You could lose money by investing in the Fund. There can be no assurance that the Fund’s investment objective will be achieved. The Fund is not a complete investment program and you should only consider the Fund for the dynamic allocation portion of your portfolio. The Fund is designed for long-term investors.