Investment Objective

The Growth and Income Portfolio's investment objective is to seek long-term capital appreciation plus current income.

Principal Investment Strategies 

Under normal market conditions, the Growth and Income Portfolio expects to invest (directly or indirectly through mutual funds and/or exchange-traded funds ("ETFs")) most of its total assets in equity securities (e.g., stocks) that pay current dividends and that the Adviser or a Sleeve Subadviser (as defined below) believes have the potential for capital appreciation, although it may invest a portion of its assets (generally less than 20%) in fixed income securities (e.g., corporate bonds, U.S. Treasury securities, agency securities and municipal bonds).  The Growth and Income Portfolio may invest in domestic securities as well as securities of non-U.S. issuers, including investments in emerging markets.

Emerging market investments do involve risk of capital loss from unfavorable fluctuations in currency values, differences in generally accepted accounting principals, economic or political instability in other nations or increased volatility and lower trading volume.