Investment Objectives and Policies. As described in Fund’s current prospectus and SAI provided by Manager and as agreed to by Sub-Adviser.
Investment Objectives and Policies. The Properties to be acquired by the Partnership shall consist of apartment complexes and/or commercial properties such as office buildings or shopping centers. All of the Properties shall be located in the United States. The Partnership shall not invest in Properties under construction or to be constructed, except for expansion or improvement of existing Properties, and shall not invest in single family residential homes, low income housing or other properties subject to government housing assistance payments, secondary homes, resort or recreational properties, hotels, nursing homes, gaming facilities, mobile home parks or property subject to sale-leaseback transactions. No unimproved or non-income producing property shall be acquired where the aggregate purchase price for all such unimproved or non-income producing properties would exceed 10% of the gross proceeds of the initial offering of Units. On an interim basis, the Partnership may invest its funds either in (i) United States Government securities, other United States Government guaranteed money instruments, certificates of deposit of banks located in the United States, bank repurchase agreements collateralized by securities of the United States Government or governmental agencies, bankers' acceptances, and similar money market investments, or (ii) shares of public investment companies registered with the Securities and Exchange Commission whose assets exceed $50,000,000 and are invested in the foregoing types of investments and held by an independent custodian. The Partnership shall not invest in mortgages, trust deeds or similar obligations, except that the Partnership may advance a portion of the purchase price of a Property to the seller in the form of a loan, and except that second mortgages or similar obligations may be taken back from purchasers of Properties in connection with the sale thereof by the Partnership. The aggregate amount of mortgage indebtedness which may be incurred in connection with the acquisition of Properties shall not exceed 80% of the gross purchase price of all Properties determined on a combined basis. The Partnership shall not redeem or repurchase Units and shall not underwrite the securities of other issuers. The General Partners shall use their best efforts to assure that the Partnership shall not be deemed an investment company as such term is defined in the Investment Company Act of 1940.
Investment Objectives and Policies. As described in the Sections entitled “ActivePassive High Yield Bond Fund” and “ActivePassive Intermediate Municipal Bond Fund” of the Fund’s current prospectus and the Section entitled “Investment Objectives and Policies” of the SAI provided by Manager and, in each case as agreed to by Sub-advisor.
Investment Objectives and Policies. As described in Fund’s current prospectus and SAI provided by Manager and as agreed to by Sub-advisor. The Sub-advisor will generally: Ø Invest in a diversified portfolio of international equity securities whose issuers are considered by the Sub-advisor to have strong earnings momentum. Ø Focus on marketable equity securities of foreign companies that are listed on a recognized foreign or U.S. securities exchange or traded in a foreign or U.S. over the counter-market Ø Will normally invest in the securities of at least four countries outside of the United States, emphasizing investment in companies in the developed countries of Western Europe and the Pacific Basin.
Investment Objectives and Policies. 9.1. Duties and Responsibilities; Investment Allocation
Investment Objectives and Policies. The Partnership's Investment in Assets shall not be less than eighty-two percent (82%) of the gross proceeds of the Partnership's offering of Units, and Front-End Fees and Expenses shall not exceed eighteen percent (18%) of such gross proceeds. The Partnership expects to invest approximately 70% of the net proceeds of the offering of Units in unleveraged Properties. The Properties to be acquired by the Partnership shall consist primarily of apartment complexes, office and light industrial buildings, and/or shopping centers. All of the Properties shall be located in the United States. The Partnership shall invest in developed Properties and may expand, rehabilitate or otherwise improve existing Properties. The Partnership shall not invest in resort or recreational properties, hotels, nursing homes, gaming facilities, or mobile home parks. No unimproved or non-income producing property shall be acquired. The General Partners shall attempt to structure any borrowings to avoid producing unrelated business taxable income at a level which would obligate a tax exempt entity holding 100 Units, which does not otherwise have unrelated business taxable income, to file a federal income tax return or to pay federal income tax as a result. The Partnership expects to invest approximately 30% of the net proceeds of the offering of Units in MBS issued by GNMA, FNMA or FHLMC. On an interim basis, the Partnership may invest its funds either in (i) United States Government securities, other United States Government guaranteed money instruments, certificates of deposit of banks located in the United States having total assets in excess of $100 million, bank repurchase agreements collateralized by securities of the United States Government or governmental agencies, bankers' acceptances, and similar money market investments, or (ii) shares of public investment companies registered with the Securities and Exchange Commission whose assets exceed $50,000,000 and are invested in the foregoing types of investments and held by an independent custodian. The General Partners shall attempt to manage the Partnership's investments in MBS and its interim investments to assure that the Partnership shall not be deemed an investment company as such term is defined in the Investment Company Act of 1940. The Partnership shall not redeem or repurchase Limited Partnership Interests or Units and shall not underwrite the securities of other issuers.
Investment Objectives and Policies. When used in this prospectus, the term “invest” includes both direct investing and indirect investing and the term “investments” includes both direct investments and indirect investments. For example, the Fund may invest indirectly by investing in derivatives or through its Subsidiaries (each, a “Subsidiary”, and collectively, the “Subsidiaries”). References herein to the Fund include, as appropriate, Subsidiaries through which the Fund may gain exposure to investments. The Fund may be exposed to the different types of investments described below through its investments in its Subsidiaries. The allocation of the Fund’s assets to a Subsidiary will vary over time and will likely not include all of the different types of investments described herein at any given time. The Fund seeks current income as a primary objective and capital appreciation as a secondary objective. The Fund seeks to achieve its investment objectives by utilizing a dynamic asset allocation strategy among multiple fixed income sectors in the global credit markets, including corporate debt (including, among other things, fixed-, variable- and floating-rate bonds, bank loans, convertible securities and stressed debt securities issued by U.S. or foreign (non-U.S. and emerging market) corporations or other business entities), mortgage-related and other asset-backed securities, government and sovereign debt, taxable municipal bonds and other fixed-, variable- and floating-rate income-producing securities of U.S. and foreign issuers, including emerging market issuers. The Fund may invest in investment grade debt securities and below investment grade debt securities (commonly referred to as “high yield” securities or “junk bonds”), including securities of defaulted and stressed issuers. The types of securities and instruments in which the Fund may invest are summarized under “Portfolio Contents” below. The Fund cannot assure you that it will achieve its investment objectives, and you could lose all of your investment in the Fund. The Fund cannot change its investment objectives without the approval of the holders of a “majority of the outstanding” shares of the Fund. A “majority of the outstanding” shares (whether voting together as a single class or voting as a separate class) means (i) 67% or more of such shares present at a meeting, if the holders of more than 50% of those shares are present or represented by proxy, or (ii) more than 50% of such shares, whichever is less. Portfolio Management ...
Investment Objectives and Policies. The Fund seeks high current income as a primary objective and capital appreciation as a secondary objective. The Fund seeks to achieve its investment objectives by utilizing a dynamic asset allocation strategy among multiple fixed income sectors in the global credit markets, which may include corporate debt (including, among other things, fixed-, variable- and floating-rate bonds, bank loans, convertible securities and stressed debt securities issued by U.S. or foreign (non-U.S.) corporations or other business entities, including emerging market issuers), mortgage- related and other asset-backed securities, government and sovereign debt, taxable municipal bonds and other fixed-, variable- and floating- rate income-producing securities of U.S. and foreign issuers, including emerging market issuers. Aiming to identify securities that provide high current income and/or capital appreciation, the Fund focuses on duration management, credit quality analysis, risk management techniques and broad diversification among issuers, industries and sectors as well as other risk management techniques designed to manage default risk. The Fund may invest in investment grade debt securities and below investment grade debt securities (commonly referred to as “high yield” securities or “junk bonds”), including securities of stressed, distressed and defaulted issuers. The Fund cannot assure you that it will achieve its investment objectives, and you could lose all of your investment in the Fund.
Investment Objectives and Policies. As described in the Section entitled “ActivePassive Small/Mid Cap Growth Fund” of the Fund’s current prospectus and the Section entitled “Investment Objectives and Policies” of the SAI provided by Manager and, in each case as agreed to by Sub-advisor.
Investment Objectives and Policies. Each of the International Fund and the International Equity Portfolio (each also referred to herein as a "Fund" and collectively the "Funds") seeks long-term growth of capital primarily through a diversified portfolio of marketable foreign equity securities. These securities are selected primarily to permit each Fund to participate in non-United States companies and economies with prospects for growth. Each Fund invests in companies, wherever organized, which do business primarily outside the United States. Each Fund intends to diversify investments among several countries and to have represented in the portfolio, in substantial proportions, business activities in not less than five different countries in the case of the International Equity Portfolio, and not less than three different countries in the case of the International Fund. The International Fund generally invests in equity securities of established companies, listed on foreign exchanges, which the Investment Manager believes have favorable characteristics. When the Investment Manager believes that it is appropriate to do so in order to achieve the International Fund's investment objective of long-term capital growth, the International Fund may invest up to 20% of its total assets in debt securities. The International Fund may purchase "investment- grade" bonds, which are those rated Aaa, Aa, A or Baa by Moody's Investor Servxxxx, Inc. ("Moody's") or AAA, AA, X xx XBB by Standard & Poor's Corporation ("S&P") or, if unrated, judged by the Investment Manager to be of equivalent quality. The International Fund may also invest up to 5% of its total assets in debt securities which are rated below investment grade. The International Equity Portfolio generally invests at least 90% of its total assets in equity securities of established companies, listed on foreign exchanges, which the Investment Manager believes have favorable characteristics. When the Investment Manager believes that it is appropriate to do so in order to achieve the International Equity Portfolio's investment objective of long-term capital growth, the International Equity Portfolio may invest up to 10% of its total assets in debt securities. The International Equity Portfolio may purchase "investment-grade" bonds, which are those rated Aaa, Aa, A or Baa by Moody's or AAA, AA, A xx XXX by S&P or, if unrated, judged by the Investment Manager to be of equivalent quality. The International Equity Portfolio may also invest up to 5% of its ...
