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The fund primarily invests at least 80% of its assets (net assets plus the amount of any borrowings made for investment purposes) in a diversified group of Underlying ETFs. The Adviser allocates approximately 50% to 70% (with a target allocation of 60%) of the fund's assets to Underlying ETFs that invest primarily in equity securities and 30% to 50% (with a target allocation of 40%) of the fund's assets to Underlying ETFs that invest primarily in fixed income securities and/or cash alternatives.