AAAA is an actively managed, multi-asset fund that targets an aggressive level of risk. It seeks capital appreciation through disciplined allocation to equity securities, fixed income ETFs, and downside protection ETFs. The fund invests 60% to 100% of its net assets in US and non-US equities. Specifically, large-cap stocks are selected by reviewing the constituents of broad-based US large-capitalization indexes. Within each index, the sub-adviser selects the largest 25-50 companies. Whereas exposures to US small- and mid-caps, and foreign stocks are obtained primarily through ETFs. Fixed income ETFs typically include US Treasurys, corporate bonds, and debt obligations issued by the US government, its agencies, and instrumentalities. Downside protection ETFs aim to participate in the price performance of the broad US equity markets up to a cap, while fully hedging downside risk. The sub-adviser may invest in affiliated ETFs and adjust asset allocations based on market conditions.