Strategy. The Fund?s investment adviser seeks to achieve the Fund?s primary investment objective by investing in a combination of underlying funds which include open-end investment companies (?mutual funds?) and exchange traded funds (?ETFs?) that each invest primarily in (1) U.S. fixed income securities, (2) money market securities, (3) U.S. equity securities (common and preferred stocks), (4) foreign equity securities (common and preferred stocks), or (5) alternative assets, which the Fund defines as commodity-related, currency-related or real estate-related securities, using the adviser?s market analysis strategy, or (6) inverse securities designed to produce short positions with returns opposite to the securities index to which they are linked. In pursuing the Fund?s strategies, the Fund may invest in (i) ETFs that employ leverage in … Show more… The Fund?s investment adviser seeks to achieve the Fund?s primary investment objective by investing in a combination of underlying funds which include open-end investment companies (?mutual funds?) and exchange traded funds (?ETFs?) that each invest primarily in (1) U.S. fixed income securities, (2) money market securities, (3) U.S. equity securities (common and preferred stocks), (4) foreign equity securities (common and preferred stocks), or (5) alternative assets, which the Fund defines as commodity-related, currency-related or real estate-related securities, using the adviser?s market analysis strategy, or (6) inverse securities designed to produce short positions with returns opposite to the securities index to which they are linked. In pursuing the Fund?s strategies, the Fund may invest in (i) ETFs that employ leverage in an effort to deliver, on a daily basis, up to three times the performance of the underlying index, and (ii) inverse ETFs that employ leverage in an effort to deliver, on a daily basis, up to three times the inverse performance of the underlying index. The adviser seeks to achieve the Fund?s secondary investment objective, in part, by investing in alternative assets, which it believes have returns that are not highly correlated to those of the equity or fixed income markets in general, and by hedging up to 50% of the Fund?s assets through derivatives or by purchasing inverse ETFs (securities designed to produce short positions with returns opposite to the securities index to which they are linked). The adviser may also use derivatives as a substitute for securities to fulfill either the primary or secondary investment objective. Fund assets are selected by the adviser without restriction as to minimum issuer credit quality, sector, capitalization, country of origin, or security maturity. Fixed income ETFs may invest in non-investment grade fixed income securities, commonly known as ?high yield? or ?junk? bonds that are rated below Baa3 by Moody?s Investors Service or similarly by another rating agency. Foreign common stock ETFs may invest in common stock of companies located in emerging market countries. The use of ?Growth? in the Fund?s name refers, generally, to the goal of growth of investment rather than a strategy of investing in relatively high-growth companies. The adviser?s market analysis strategy assesses the return outlook for segments of the capital markets by giving consideration to both the long term historic risk (as measured by volatility of returns) and return characteristics of the various asset classes, as well as how fundamental drivers, such as economic growth rates, could be expected to shape the future return and risk characteristics. The strategy relies on broad asset class representation and the inclusion of lower correlated asset classes to reduce expected volatility and deliver favorable performance under various market conditions. The adviser anticipates that, based upon its analysis of long-term historical returns and volatility of various asset classes, the Fund will allocate assets in the following ranges. Asset Class Percent Allocation Equity 25% to 150% Fixed Income 0% to 100% Alternative Asset 0% to 50% The adviser buys securities within specific market segments when its market analysis indicates a high probability that the segments and securities are likely to outperform competing investments. The adviser sells securities to reduce exposure to a market segment or a security when its analysis indicates that the segment or security is likely to underperform competing investments. The adviser will buy and sell derivatives for similar reasons. The adviser may engage in frequent buying and selling of securities to achieve the Fund?s investment objectives, resulting in higher transactional and brokerage costs to the Fund. The Fund is not managed for tax efficiency. Show less