The fund-of-fund invests in companies considered as innovators, defined broadly by the issuer as companies that attempt to develop or produce innovative technologies, use new technology to disrupt markets, methods, industries or technologies, leaders in new or emerging industries, or use innovative business models, process or technologies to gain competitive advantage. In selecting investments, the fund considers companies from both developed and emerging companies of any market capitalization. The actively managed fund has full discretion to make buy, sell, or hold decisions at any time. The fund may engage in securities lending or use derivatives.