Strategy. The Fund operates as a fund of funds, investing primarily in registered mutual funds, including exchange-traded funds (ETFs) and closed-end funds (including unlisted interval funds). The funds in which the Fund may invest are referred to herein as the Underlying Funds. AssetMark, Inc. (AssetMark or the Advisor) believes that investing in Underlying Funds provides the Fund with an efficient means of creating a portfolio that provides investors with indirect exposure to a broad range of securities. By investing in the Fund, you will indirectly bear fees and expenses of the Underlying Funds in addition to the Funds direct fees and expenses. In order to obtain exposure to certain markets, asset classes or active management styles, the Fund may buy Underlying … Show more… The Fund operates as a fund of funds, investing primarily in registered mutual funds, including exchange-traded funds (ETFs) and closed-end funds (including unlisted interval funds). The funds in which the Fund may invest are referred to herein as the Underlying Funds. AssetMark, Inc. (AssetMark or the Advisor) believes that investing in Underlying Funds provides the Fund with an efficient means of creating a portfolio that provides investors with indirect exposure to a broad range of securities. By investing in the Fund, you will indirectly bear fees and expenses of the Underlying Funds in addition to the Funds direct fees and expenses. In order to obtain exposure to certain markets, asset classes or active management styles, the Fund may buy Underlying Funds managed by the Advisor or its affiliates, which, in turn, invest in various securities, including ETFs and closed-end funds (including unlisted interval funds). The Fund may also invest directly in securities and other exchange-traded products, such as exchange-traded notes (ETNs). The Advisors asset allocation decisions will be based on different factors and analytical approaches, derived from absolute return asset allocation approaches developed by various research providers and considered by the Advisor in constructing the Funds portfolio. The research providers absolute return asset allocation approaches typically utilize fundamental and quantitative analyses of global market and economic conditions and assumptions regarding risks and returns. The Advisor seeks to create a portfolio that is optimized to seek to achieve consistent absolute positive returns over time regardless of the market environment. In pursuing the Funds objective, the Fund invests, either directly or indirectly via the Underlying Funds, in fixed income, equity-oriented investments and a mix of diversified alternative investments across global markets, using varying active asset allocation strategies among different security types, asset classes, yield and duration, valuation analyses, and currency exposure considerations. The Fund may utilize an absolute return asset allocation strategy that builds on a foundation of alternative investments, such as long/short equity funds that seek a modest positive return from equity investments, that attempts to stay insulated from general stock market volatility, combined with opportunistic equity and fixed income investments strategically selected to enhance returns. The Fund may invest in Underlying Funds that use alternative strategies and/or use derivatives for risk management purposes or engage in significant use of derivatives as part of their investment strategies. The alternative strategies used by Underlying Funds may include, among others, long/short strategies equity and fixed income, market-neutral strategies, absolute return/global macro strategies, and risk premium strategies, including market risk transfer strategies, alternative (marketplace) lending, merger arbitrage strategies and real estate, reinsurance and commodity-linked derivatives. An Underlying Fund may use derivatives to earn income and enhance returns, to manage or adjust the risk profile of the Underlying Fund, to replace more traditional direct investments, or to obtain exposure to certain markets or asset classes, including real estate and commodities, which may include both traditional commodities such as precious metals and agricultural products, along with digital assets such as bitcoin. The Fund may also utilize absolute return asset allocation strategies that allocate assets to various fixed income instruments and sectors using various passive index-oriented ETFs focusing on instruments such as U.S. Government bonds and notes, corporate bonds, bank loans, mortgage-related securities and asset-backed securities, inflation-protected debt securities, corporate bonds of various quality levels and maturity/duration, and cash equivalent investments. Using this type of strategy, the Fund seeks to tactically avoid risk by reducing exposure at the appropriate times, while increasing exposure to attractive sectors on a timely basis. The Fund may obtain investment exposure to commodity-related investments by investing in a wholly-owned subsidiary organized under the laws of the Cayman Islands that will make commodity-related investments (the Subsidiary or Cayman Subsidiary). The Fund lends its portfolio securities to seek to generate additional income. Show less